FY2023-FY2028 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

2023

2024

2025

2026

2027

2028 Costs After

Capital Appropriations

127,965 127,965

Construction - State's Share 13,102,350 Construction - County's Share 17,598,626

5,850,000 1,185,450 3,994,200 1,036,350 1,036,350 3,150,000 4,245,033 2,246,373 3,978,610 3,978,610 9,000,000 5,430,483 6,240,573 5,014,960 5,014,960

Total Cost:

30,828,941 127,965

Funding Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

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

916,715 127,965

255,100 108,400 141,750 141,750 141,750 2,894,900 4,136,633 2,104,623 3,836,860 3,836,860 5,850,000 1,185,450 3,994,200 1,036,350 1,036,350

16,809,876 13,102,350

Total Cost:

30,828,941 127,965

9,000,000 5,430,483 6,240,573 5,014,960 5,014,960

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