TRANSMITTAL LETTER FOR BOARD MEETING OF APRIL 6, 2017
COMMITTEE ON BUDGET AND EMPLOYMENT
Mr. David St. Pierre, Executive Director
Title
Report on Change in Funding for Various Capital Projects
Body
Dear Sir:
Due to constraints on the Aggregate Levy, several capital projects will be funded in the Capital Improvements Bond Fund instead of the Construction Fund.
The attached schedule lists the projects moving from the Construction Fund to the Capital Improvements Bond Fund. The total value of the contracts is $13,452,500.00. The value for 2017, 2018, and 2019 are $5,952,500.00, $6,220,000.00, and $1,280,000.00, respectively. Projects in the Capital Improvements Bond Fund are being evaluated for contractual savings, schedule delays, or being reprioritized to accommodate this shift within the current appropriation.
Respectfully Submitted, Eileen M. McElligott, Administrative Services Officer, SAR:SKL
Attachment