FY2025 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: ED5906

Activity #:

Capital Project Title: Hillcrest ES Limited Renovations

Region:

Asset Type: Systemic Asset Category: Board of Education

Year Identified: 2024 Est Completion Date: 6/30/2028

Capital Project Status: Active

Capital Project Description: Hillcrest ES was constructed in 1988 and received an addition in 1990. It has been identified as a project qualifying for a limited renovation due to its age and facility condition index. Like other limited renovation projects, the Hillcrest ES limited renovation is expected to improve five or more building systems as well as the educational environment for students within the entire 62,305 sf building.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Studies / Surveys

125,000

125,000

Construction - State's Share 11,632,319

569,500 8,669,807 2,393,012

Equipment - State's Share A&E - County's Share

335,000 155,500

335,000

155,500

Construction - County's Share 6,778,681

5,080,193 1,698,488

Equipment - County's Share

165,000

165,000

Total Cost:

19,191,500

850,000 13,750,000 4,591,500

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

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

1,668,681 5,555,500 11,967,319

125,000 1,080,193 463,488 155,500 4,000,000 1,400,000 569,500 8,669,807 2,728,012

Total Cost:

19,191,500

850,000 13,750,000 4,591,500

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