Item:
Title
Capital Project Amendment No. 18CPA000011- Moving 2016 General Obligation Bond Funds Between Multiple Durham Public School Capital Projects and Closing Five Bond Funded Capital Projects
Body
Date of BOCC Meeting: June 11, 2018
Request for Board Action:
Agenda Text
On May 23, 2018, the Durham Public Schools (DPS) Board of Education approved adjustments to multiple 2016 Bond funded Capital Projects. Pursuant to the Interlocal Agreement with DPS, as amended, the Durham County Board of County Commissioners is requested to consider and approve the closing of five DPS Capital Projects and moving funds between multiple Capital Projects. The projects that DPS closed as part of this transfer are SH253, SH255, SH256, SH258, and SH264.
These projects are not officially closed yet in the County's asset management system. Any project that has had activity during the fiscal year cannot be closed in the asset management system until the next fiscal year. The County will bring another amendment to Board of County Commissioners on the first meeting in July to officially close these projects in the County's asset management system.
The table below indicates funds reconciled by DPS and the County that are available for transfer:
Project
Current
Budget
Increase/
Decrease
Revised
Budget
16 GO Bond - Hub Farm Improvements (SH240)
$375,000.00
$170,000.00
$545,000.00
16 GO Bond - Eno Valley Renovations (SH241)
$7,455,789.05
$866,000.00
$8,321,789.05
16 GO Bond - Merrick-Moore Renovations (SH242)
$937,500.00
($250,000.00)
$687,500.00
16 GO Bond - Pearsontown Renovations (SH243)
$812,500.00
$250,000.00
$1,062,500.00
16 GO Bond - Middle School Gym Renovations (SH244)
$500,000.00
($42,684.70)
$457,315.30
16 GO Bond - Hillside High School Renovations (SH247)
$781,250.00
$240,642.06
$1,021,892.06
16 GO Bond - Jordan High School Renovations (SH248)
$1,450,000.00
($66,000.00)
$1,384,000.00
16 GO Bond - Riverside High School Renovations (SH250)
$812,500.00
$195,000.00
...
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