FY2021 Adopted Budget

Capital Project Summary

Capital Project Number: ED1046

Activity #:

Capital Project Title: Elementary School Placeholder 2

Region:

Asset Type: New/Modernizations Asset Category: Board of Education

Year Identified: 2021 Est Completion Date:

Capital Project Status: Active

Capital Project Description: Residential growth and elementary school enrollments will be monitored closely over the next several years to determine the appropriate location for this elementary project which includes additional capacity plus a school replacement. This elementary placeholder project is planned to be a school replacement project plus an addition for up to 300 new seats. There are several schools identified as potential candidates for a school replacement plus an addition. The Board of Education will make the determination based on the results of future feasibility studies and student enrollment.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2021

2022

2023

2024

2025

2026 Costs After

Studies / Surveys

200,000

200,000

Site Work- State's Share

3,308,257

3,308,257

Construction - State's Share 17,411,880

17,411,880

Site Work - County's Share

2,817,735 1,918,403

2,817,735

A&E - County's Share

1,918,403

Construction - County's Share 20,130,530

1,439,201 500,000 18,191,329

Equipment - County's Share

1,900,000 47,686,805

1,900,000

Total Cost:

200,000

3,357,604 6,625,992 37,503,209

Funding Schedule:

Project Total

Prior Budget

Categories

2021

2022

2023

2024

2025

2026 Costs After

Trans from Impact Fee

16,385,251

3,144,924 3,240,327 10,000,000

Trans from School Construction

200,000

200,000

General Obligation Bonds MD BOE - Cash Forward Funding

10,381,417 20,720,137

212,680

77,408 10,091,329 3,308,257 17,411,880

Total Cost:

47,686,805

200,000

3,357,604 6,625,992 37,503,209

672