FY2021 Adopted Budget
Capital Project Summary
Capital Project Number: ED1045
Activity #:
Capital Project Title: Elementary School Placeholder 1
Region:
Asset Type: New/Modernizations Asset Category: Board of Education
Year Identified: 2021 Est Completion Date:
Capital Project Status: Active
Capital Project Description: Residential growth and elementary school enrollments will be monitored closely over the next several years to determine the appropriate location for this elementary project which includes additional capacity plus a school replacement. This elementary placeholder project is planned to be a school replacement project plus an addition for up to 300 new seats. There are several schools identified as potential candidates for a school replacement plus an addition. The Board of Education will make the determination based on the results of future feasibility studies and student enrollment.
Cash Requirement Schedule:
Project Total
Prior Budget
Categories
2021
2022
2023
2024
2025
2026 Costs After
Studies / Surveys
200,000
200,000
Site Work- State's Share
2,190,430
2,190,430
Construction - State's Share 11,528,581
11,528,581
Site Work - County's Share
2,757,601 1,906,000
2,757,601
A&E - County's Share
1,906,000
Construction - County's Share 22,023,262
2,353,000 1,025,000 18,645,262
Equipment - County's Share
1,215,000 41,820,874
1,215,000
Total Cost:
200,000
4,259,000 5,973,031 31,388,843
Funding Schedule:
Project Total
Prior Budget
Categories
2021
2022
2023
2024
2025
2026 Costs After
Trans from Impact Fee
2,000,000 4,200,000
1,000,000 1,000,000
Trans from School Construction
200,000
500,000 1,500,000 2,000,000
General Obligation Bonds Recordation Tax Bonds MD BOE - Cash Forward Funding
19,901,863 2,000,000 13,719,011
2,759,000 1,282,601 15,860,262
2,000,000
2,190,430 11,528,581
Total Cost:
41,820,874
200,000
4,259,000 5,973,031 31,388,843
671
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