Bond funds are invested prior to their disbursal for work completed. The interest earned is used as a contingency for inflation or other unanticipated cost increases.
Such earned interest may also be used for capital improvements not addressed by the bond program. The table below shows actual and projected uses of interest earned during the 2004, 2001 and 1998 Bond Programs.
|Auditorium seats at Holmes||$119,662||Complete|
|Bond Issuance Costs||$262,940||100% Expended|
|Bond Management Costs||$2,247,658||100% Expended|
|Expand Transportation Facility||$38,072||Complete|
|Grissom Road Annex Addition / Renovation (Student Services)||$3,812,391||Complete|
|Middle School Title IX and ADA||$479,260||Complete|
|NCC / Holmgreen Renovation||$200,000||Complete|
|Provide Holmes ROTC Paving||$15,945||Complete|
|Provide Taft ROTC Drill Pad||$174,055||Complete|
|Replace Clark Auditorium Lighting||$100,000||Complete|