Bond 1998: Earned Interest

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
Other $13,102 Complete
Provide Holmes ROTC Paving $15,945 Complete
Provide Taft ROTC Drill Pad $174,055 Complete
Replace Clark Auditorium Lighting $100,000 Complete
Warehouse $27,896 Complete
Total: $7,490,981