August 2, 2004 ITEM
# 6
Item
Title: Report on the Request From Wake County Board
of Education to Re-allocate Plan 2000 Funds
Specific Action Requested:
That the Board of Commissioners receive this
request from the Board of Education. If there are no outstanding questions,
this item will be placed on the August 16th consent agenda.
Item Summary:
On November 7, 2000,
Wake County approved a bond referendum for $500 million in general obligation
bonds for school construction.
Knightdale High is
nearing completion and is scheduled to open for the 2004-2005 school year.
While $39,860,845 of Plan 2000 funds were originally appropriated to Knightdale
High, $7,136,192 has been transferred out of the project due to a favorable bid
environment and the use of state bond funding from closed projects.
Cost of renovations at
Daniels Middle are estimated to exceed the budget due to problems encountered
with asbestos abatement. Further, it has been projected that additional savings
in the Knightdale High project will be sufficient to cover the asbestos
problems at Daniels Middle.
The Wake County Board of
Education requests reallocations of Plan 2000 funds as follows:
|
From: |
|
To: |
|
|
Knightdale High |
$150,000 |
Daniels Middle
|
$150,000 |
|
Plan 2000 Total |
$150,000 |
Plan 2000 Total |
$150,000 |
Attachments:
1.
Plan 2000 appropriations to date for Knightdale
High and Daniels Middle – prepared by County staff
2.
Project Information sheet for Daniels Middle – prepared
by WCPSS staff