FY2024-FY2029 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1051

Activity #:

Capital Project Title: Southern Frederick area elementary school

Region:

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

Year Identified: 2023 Est Completion Date: 8/31/2030

Capital Project Status: Active

Capital Project Description: An additional elementary school is planned in future years to address growth in the southern areas of Frederick City and Frederick County and to balance enrollments at Tuscarora ES, Ballenger Creek ES, Orchard Grove ES and other surrounding schools. The project is planned to be a new school, with a state rated capacity of 725,. The Board of Education owns approximately 13 acres of land for a potential elementary school in the Ballenger Run subdivision near Ballenger Creek Pike.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2024

2025

2026

2027

2028

2029 Costs After

Site Work- State's Share

4,002,786 2,769,791

4,002,786 2,769,791

A&E - State's Share

Construction - State's Share 21,067,297

3,347,500 17,719,797

Site Work - County's Share

2,182,327 2,671,426

2,182,327 2,671,426

A&E - County's Share

Construction - County's Share 13,422,590

1,802,500 11,620,090

Equipment - County's Share

2,000,000 48,116,217

2,000,000

Total Cost:

16,776,330 29,339,887 2,000,000

Funding Schedule:

Project Total

Prior Budget

Categories

2024

2025

2026

2027

2028

2029 Costs After

Trans from Impact Fee

13,276,343 5,000,000 2,000,000 27,839,874

4,656,253 8,620,090 2,000,000 3,000,000

Trans from School Mitigation General Obligation Bonds MD BOE - Cash Forward Funding

2,000,000

10,120,077 17,719,797

Total Cost:

48,116,217

16,776,330 29,339,887 2,000,000

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