Item:
Title
Capital Project Amendment No. 19CPA000012- 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: February 11, 2019
Request For Board Action:
Agenda Text
On January 10, 2019, 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 SH244 (Middle School Gym Renovations), SH259 (Parkwood Roof Replacement), SH260 (Spaulding Roof Replacement), SH263 (Fuller Building Roof Replacement), and SH270 (Lighting Upgrades).
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 BOCC in FY2019-20 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
Project Status
16 GO Bond - Middle School Gym Renovations (SH244)
$457,315.30
$0.00
$457,315.30
Closing
16 GO Bond -School for Creative Studies Renovations (SH251)
$369,177.92
$142,289.02
$511,466.94
Amending
16 GO Bond -Harris Roof Replacement (SH256)
$808,391.87
($19,250.00)
$789,141.87
Amending
16 GO Bond -Parkwood Roof Replacement (SH259)
$250,000.00
($53,859.40)
$196,140.60
Closing
16 GO Bond -Spaulding Roof Replacement (SH260)
$425,000.00
($39,791.02)
$385,208.98
Closing
16 GO Bond -Fuller Building Roof Replacement (SH263)
$262,500.00
($17,759.02)
$244,740.98
C...
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