October 9, 2024 at 8:00 AM - Facility Committee Meeting

Description:  The purpose of this agenda item is to provide an update on the finances for the Heritage Elementary School project. An updated financial report related to contingency funds and change orders has been attached. At a future meeting, we will discuss the remaining contingency funds and their use moving forward.

Description:  The purpose of this agenda item is to provide an update on the schedule and finances for the Middle School project. An updated financial report related to contingency funds and change orders has been attached. 

Description:  The purpose of this agenda item is for administration to update the committee on the work that has taken place for the district to participate in the federal direct pay reimbursement program. As a reminder, the school board approved a legal team and an accounting team to assist district administration with this effort.  Attached please find a 2-page high level overview of this program.

The reimbursement for the federal direct pay program would range from 6% up to 30% depending on the program requirements that are met. In order to receive the 30% reimbursement, prevailing wage requirements and apprenticeship requirements must be met. For a $14 million dollar geothermal system, the reimbursement would range from $840,000 to $4.2 million. The cost to meet the 30% threshold is $1,100,000 while the contingency for the middle is at $4.3 million. We are seeking committee feedback on this topic.

Description:  The purpose of this agenda item is to provide an update on the finances for the High School/Bethel Circle projects. These projects are being managed together by the same Vogel and EUA team. An updated financial report related to contingency funds and change orders has been attached. 

Description:  The purpose of this agenda item is to provide an update on capital projects, and request consideration of additional projects for districtwide capital maintenance. Please note we have added a column to reflect project status. 

Attached please find our budget tracking document for capital projects. Please note that this document has been updated to reflect the September School Board meeting capital projects approvals, the GMP savings for Heritage Elementary School, and $5 million of interest earnings. In addition, Administration has reflected the board's decision from September to allocate fund 10 maintenance projects to fund 49 from the additional interest earnings.  Administration will review this budget tracking document before reviewing the potential additional capital projects. Also attached please find a request for additional capital maintenance approvals. The requests fit within the remaining funds.