Agenda Item
iv. E-SPLOST V Project Budget Adjustments (Not to exceed $2,819,753.42) ~ Updated 5.7.2025
Summary: Presented by: Mr. Erick Hofstetter, Chief Operations Officer, Division of Operations
Request: It is requested that the Board of Education approve the recommended budget adjustments to projects in the District’s E-SPLOST V program found in the document “E-SPLOST V Project Budget Adjustments May 2025.pdf.”
Why: The recommended budget adjustments are needed to close completed E-SPLOST V projects and move all remaining budget from these projects to program contingency.
Details: The following projects are complete and ready to be financially closed out: Project 11535: Security Vestibules B, Project 12235: Hambrick ES, Project 21135: Cedar Grove HS, Project 60435: General Services, Project 60535: Program Consultants.
Project 11535: Security Vestibules B is complete. Seven of the original ten schools have had security vestibules installed. Sequoyah MS no longer needs a security vestibule due to being rebuilt. Ashford Park and Idlewood security vestibules will be completed in E-SPLOST VI projects.
Both Project 12235: Hambrick ES and Project 21135: Cedar Grove HS have completed construction and are ready to be financially closed out. Project 12235: Hambrick ES installed sprinklers and a security vestibule. Project 21135: Cedar Grove HS constructed an auditorium addition and installed artificial turf on the practice field.
All services funded under Project 60435: General Services and Project 60535: Program Consultants are being funded under E-SPLOST VI projects. These E-SPLOST V projects are no longer needed and can be financially closed out.
All remaining budgets will be moved from these projects to Project 60235: Program Contingency. This will allow the District to approve upcoming construction contract awards and other expected commitments to complete the remaining active E-SPLOST V projects.
Financial impact: The recommended budget adjustments will move a total of $2,819,753.42 from five complete E-SPLOST V projects into Project 60235: Program Contingency. See the attached document “E-SPLOST V Project Budget Adjustments April 2024.pdf” for financial impact on individual E-SPLOST V projects.
There is no net financial impact on the E-SPLOST V program.
Contact: Mr. Erick Hofstetter, Chief Operating Officer, Division of Operations, 678.676.1470
Mr. Hans Williams, Director of Planning & Capital Improvement Programming, Division of Operations, 678.676.1588
Effective: Upon Board Approval
CHRONOLOGY OF THE AGENDA ITEM
In March of 2017 the Board approved the “Proposed E-SPLOST V Project Listing with Anticipated
Start/Finish Dates (March 17, 2020)”. This March 2017 project list included a budget, scope, and
anticipated schedule for each E-SPLOST V project.
On February 10, 2020, the Board approved the “E-SPLOST V Budget Adjustments and Scope Revisions
(February 10, 2020)”. This February 2020 project list included major adjustments to the budget and scope
of existing projects, as well as created new E-SPLOST V projects.
On June 8, 2020, the Board approved the creation of 10 new Capital Renewal Projects using funds set
aside as part of the February 10, 2020, budget adjustments and scope revisions. On April 18, 2022, the
Board approved increasing the overall E-SPLOST V Program budget from $561,000,000 to $630,00,000.
On February 1, 2023, the Board approved the E-SPLOST VI Scope of Projects.
If approved, the recommended budget adjustments to projects in the District’s E-SPLOST V program will
increase the efficiency and effectiveness of District’s Capital Improvement Program by closing completed
projects and make budget available to support active E-SPLOST V projects.