Item:
Title
Approval of Capital Project Amendment No.25CPA00005 Reducing Multiple Completed Durham Public School Capital Project Budgets to $0, Closing Completed Capital Projects, and Increasing Funding for the Northern High School Replacement Capital Project (SH239) by $384,685.13 and the 20 LOBS Safety Project (SH279) by $33,130.23
Body
Date of BOCC Meeting: July 8, 2024
Request for Board Action:
Agenda Text
The Board is requested to approve Capital Project Amendment No.25CPA00005 reducing multiple completed Durham Public Schools capital project budgets to $0 and closing them, as well as increasing the Northern High School Replacement Capital Project (5910SH239) budget by $384,685.13 and the 20 LOBS Safety Project (5910SH279) budget by $33,130.23.
DPS expects to close out the new Northern project before the beginning of the 2024-25 school year. The re-allocation of funds from the completed projects listed below will be added to the Northern High School Project. The funding will allow close out for all vendors and the completion of this project
This is an annual process where the Budget Office reviews with relevant departments projects that are at or near completion. As part of annual project support it is important to officially close projects that have been defined as completed. If any unspent funds remain in those "finished" projects, agencies may request that those unspent funds move to other projects that may need additional funding. This annual process allows for the most efficient use of funds, particularly for Durham Public Schools, by allowing unspent funds to be moved to projects that need funding.
The following list of projects are ready to be closed. All funds for these projects were entirely transferred (through previous Board action) to other projects as prioritization was considered:
Project Name and Number
Final Budget
Project Status
Multiple Schools - Repair or Replace Cam (5910SH301)
$0
Closing
Merrick-Moore ES-Replace Kitche...
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