FY2024-FY2029 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. Each year the BOE decides on which specific limited renovation project should be funded.
Cash Requirement Schedule:
Project Total
Prior Budget
Categories
2024
2025
2026
2027
2028
2029 Costs After
Capital Appropriations
127,965 127,965
Construction - State's Share 15,387,500 Construction - County's Share 7,862,500
2,387,500 4,225,000 4,387,500 4,387,500 862,500 2,275,000 2,362,500 2,362,500 3,250,000 6,500,000 6,750,000 6,750,000
Total Cost:
23,377,965 127,965
Funding Schedule:
Project Total
Prior Budget
Categories
2024
2025
2026
2027
2028
2029 Costs After
Trans from General Fund General Obligation Bonds MD BOE - Cash Forward Funding
740,465 127,965
162,500 150,000 150,000 150,000 700,000 2,125,000 2,212,500 2,212,500 2,387,500 4,225,000 4,387,500 4,387,500
7,250,000 15,387,500
Total Cost:
23,377,965 127,965
3,250,000 6,500,000 6,750,000 6,750,000
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