Item:
Title
Capital Project Amendment No. 19CPA000015- Moving 2016 General Obligation Bond Funds Between Multiple Durham Public School Capital Projects and Closing Two Bond Funded Capital Projects
Body
Date of BOCC Meeting: April 8, 2019
Request for Board Action:
Agenda Text
On March 14, 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 two DPS Capital Projects and moving funds between multiple Capital Projects. The projects that DPS closed as part of this transfer are SH245 (Rogers Herr Fire Alarm Replacement) and SH254 (Club Blvd. Roof Replacement).
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 Inc./Dec. Revised Project
Budget Budget Status
16 GO Bond - Club Blvd. Roof Replacement (SH254) $875,000 ($40,628.89) $834,371.11 Closing
16 GO Bond - Rogers Herr Fire Alarm Replacement (SH245) $187,500 ($13,425.55) $174,067.45 Closing
16 GO Bond - Staff Development Roof Replacement (SH265) $312,500 $48,000.00 $360,500.00 Amending
16 GO Bond - Existing Northern High School (SH249) $250,000 $6,061.44 $256,061.44 Amending
Totals $1,625,000 $0.00 $1,625,000
Alignment with Strategic Plan: This capital project amendment aligns with Goal 1-Community and Family Prosperity and Enrichment, though p...
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