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Seismic Safety Bond Program Review

The Piedmont Unified School District's Board of Education conducted a meeting on January 23, 2013, to review the Seismic Safety Bond Program. As of December 15, 2012, all project-related expenditures are complete, with $35,925 remaining in unexpensed program commitments and $375,349 in program contingency funds. The total budget for the Seismic Safety Bond Program is $69.1 million, with total funding to date reaching $73.8 million. An appropriation of $4.7 million in excess funding will be considered, pending Havens Prop 1D application estimated between $650k - $1.2 million.

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Seismic Safety Bond Program Review

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  1. Seismic Safety BondProgram Review Piedmont Unified School District Seismic Safety Bond Program Board of Education Meeting January 23, 2013

  2. SSBP Program Overview Review • All project related SSBP expenditures are complete (12/15/12) • $35,925 in unexpensed program commitments remain • $375,349 in Program Contingency remains • Total SSBP Budget is complete at $69.1 million • Total funding to date (SSBP and modernization): $73.8 million • Appropriation of funding in excess of $69.1 million ($4.7 million) will be considered by the Board • Havens Prop 1D application (projected between $650k - $1.2 million) is pending, but adds at least $650k to the $4.7 million funding excess

  3. Final SSBP Budget Summary

  4. SSBP Funding Summary (funds in hand)

  5. Current State Funding Summary Note: Havens seismic funding request is not included, but is estimated at $650k - $1.2M

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