FY2022-FY2027 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED5002

Year Identified: 2021 Est Completion Date: Region: Countywide Activity #: C1050.1050.02

Capital Project Title: Limited Renovations Systemic

Asset Type: Systemic Asset Category: Board of Education

Capital Project Status: Active

Capital Project Description: Limited Renovation projects provide a plan for renovating schools that have a current Facility Condition Index (FCI) value of 30 or more, or will exceed 30 by the year 2028, and are not in need of additional capacity based on projected enrollment. A FCI over 30 indicates that a facility is in need of either replacement, major renovation, or upgrade to at least five major building systems. Thurmont Elementary School (ES) serves students in Third through Fifth Grade with a Facility Condition Index (FCI) of 32%, classified as critical. FCPS completed a facility and program assessment of Thurmont Elementary in September 2020 to determine opportunities for a limited renovation to extend the life of the building. In October 2020, the Board of Education (BOE) voted to proceed with the state and local funding request for a limited renovation at Thurmont ES. The project is expected to be completed over the summers of ¶ and ¶ and will include enclosing the ³ open-space ´ portion of the building, addressing security needs, aligning spaces with current educational specifications, upgrading the HVAC system and completing other energy-efficient upgrades and touch ups to building interiors.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2022

2023

2024

2025

2026

2027 Costs After

Capital Appropriations

800,000 800,000

Construction - State's Share 14,559,000 Construction - County's Share 19,148,053

3,165,000 1,156,000 4,318,000 1,129,000 3,804,000 987,000 4,018,000 2,729,741 2,428,867 4,042,889 2,139,403 3,789,153

Total Cost:

34,507,053 800,000 7,183,000 3,885,741 6,746,867 5,171,889 5,943,403 4,776,153

Funding Schedule:

Project Total

Prior Budget

Categories

2022

2023

2024

2025

2026

2027 Costs After

Trans from General Fund General Obligation Bonds MD BOE - Cash Forward Funding

1,809,348 200,000 738,110 136,000 362,000 103,238 135,000 135,000 18,138,705 600,000 3,279,890 2,593,741 2,066,867 3,939,651 2,004,403 3,654,153

14,559,000

3,165,000 1,156,000 4,318,000 1,129,000 3,804,000 987,000

Total Cost:

34,507,053 800,000 7,183,000 3,885,741 6,746,867 5,171,889 5,943,403 4,776,153

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