and renovation of Warrenton and Taylor Middle Schools is scheduled
to begin in FY 2005. In
FY 2002 $4.3 million was appropriated for this project
and $4.2 million has been identified for appropriation in FY 2005.
The total $8.5 million is expected to be borrowed in FY
The School Division has requested $600,000 for design and engineer
work on this project beginning in FY 2003.
While the appropriations are currently adequate, actual
revenue supporting the appropriation will not be available until
To accommodate the School Divisionís request, it is recommended that
the Board of Supervisors authorize the School Division to expend
up to $600,000 prior to receipt of the bond proceeds. This funding would be supported from unexpended
appropriations in the Capital Improvements Program (CIP) Fund,
with reimbursement for the design and engineer costs from the bond
proceeds in FY 2005.