What to do with an additional $129,431?

Grafton School District considers more projects using surplus in referendum funds
Ozaukee Press Staff

The Grafton School District is considering additional school facility projects after receiving a surplus of funds in its referendum budget.

The district currently has $129,431 yet to be allocated from the $39.9 million referendum approved by voters in April 2017 for upgrades at Grafton High School and Woodview and Kennedy elementary schools. 

Director of Business Services Topher Adams said during a Nov. 25 School Board meeting that the district received $466,626 in interest earned from referendum bonds. The district also received $187,370 in energy-savings credits and $2.16 million in additional bond proceeds that were used outside the referendum — leaving the total budget at $42,743,996.

Adams said the district has $1,283,301 in remaining funds, which are mostly allocated for projects included in the referendum. These include electrical, heating, ventilation, air-conditioning and water-heater upgrades at John Long Middle School. The total cost for the projects at John Long is $825,000.   

The district is also planning to use that money to install new windows at Woodview. 

Adams said there are projects in the other school buildings that have become necessary to complete or would improve the instructional spaces. The total cost of all the remaining projects is $1,153,870, leaving $129,431 in remaining funds.

“We find ourselves now working on the self-managed projects,” Adams said. “Much of that is referendum related, but because we were able to go out and raise the additional $2.16 million, we also have additional projects we are working on and putting together the pricing for that.”

The Finance Committee will review the additional projects for its remaining referendum funds at a Jan. 13 meeting, Adams said.

Work on the projects is expected to be done during the summer.

No action was taken at the School Board meeting.



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