Eagle Valley High budget tripled in Gypsum
Eagle Valley, CO Colorado
GYPSUM, Colorado “-The Eagle Valley High School renovation project in Gypsum, Colorado has blossomed from an $8 million simple upgrade to a major renovation costing more than $25 million.
The Eagle County School District approved a much larger renovation after higher than anticipated interest and premiums were available on the voter passed $128 million school bond, said Phil Onofrio, chief financial officer for the school district.
The budget, which more than tripled, isn’t tapping into any other school district fund than the bond money, which was specifically slated for school upgrades and construction.
“When we had more (money) available, we expanded what we could do,” he said.
The new gymnasium was a major addition the extra money made possible, Onofrio said.
The construction began in the summer of 2008 and is expected to finish by the fall.
August 2006: A report indicates the school needs $14.5 million in code-related upgrades.
September 2006: Original school bond amount reduced from $164 million to $128 million, meaning Eagle Valley High School construction plans are scaled back.
November 2006: Voters approve $128 million school bond; Eagle Valley High School upgrades make up $8 million of the total bond.
March 2007: The school board increases Eagle Valley High School’s budget to $21,499,642 due to the availability of higher than anticipated interest and premiums, as well as the allocation of previously unallocated funds.
November 2007: Bids come in higher than expected.
December 2007: School board increases budget to $25,066,112 to include building a new gymnasium.
March 2008: Budget increases by $200,000 to include auditorium improvements. This money becomes available from construction contingency fund.
November 2008: Budget increases by $300,000 for controls improvements. The money becomes available through reallocated Ennovate Energy improvements funds.
” Source: Eagle County School District
Lauren Glendenning can be reached at 970-748-2983 or firstname.lastname@example.org