PUBLIC HEARING AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Raymond E. Graham, Chairman, Cedar Run District Supervisor

August 11, 2005

Staff Lead:

Department: 

Bryan Tippie, Director

Budget Office

Topic: 

A Resolution to Amend the FY 2006 Adopted Budget to Provide an Additional $3,172,000 for the Renovation of Claude Thompson Elementary School

Topic Description:

In March 2003, the Board of Supervisors approved the School Division’s request for $3,144,000 to renovate Claude Thompson Elementary School. Based on a request from the School Division, an additional $3,650,000 was approved in December 2004. On July 8, 2005, the construction bid for the project was opened and it is estimated that the total cost of the project could now cost $9,966,000, an increase of $3,172,000.

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

Financial Impacts Analysis:

If borrowed, the debt would impact beginning in FY 2007 and be approximately $318,000 annually for 20 years. 

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Budget Office

Finance Department

School  Division

Attachment: Memo from the Finance Director