• Walnut Grove Elementary School

  • CONSTRUCTION COSTS
     
    The School Board approved the sale of a $42 million bond to finance the construction of the new school. Center Grove has the funding capacity to build the new school WITHOUT impacting the school district's $1.00 tax rate. No remonstrance was filed during the petition period, so a referendum was not held on this project.
     
      
     
    PROJECTED CONSTRUCTION COST 

    Category

    Low

    Median

    High

    Sitework

    5,000,000

    5,500,000

    6,000,000

    General Construction

    14,000,000

    14,500,000

    15,000,000

    Mechanical Construction

    5,000,000

    5,500,000

    6,000,000

    Electrical/Technology Construction

    4,300,000

    4,800,000

    5,300,000

    Construction Management

    1,800,000

    1,800,000

    1,800,000

    Architecture/Engineering

    1,800,000

    1,800,000

    1,800,000

    Financing/Consultants/Interest

    1,800,000

    1,800,000

    1,800,000

    Loose Equipment

    1,500,000

    1,500,000

    1,500,000

    Contingency

    2,800,000

    2,800,000

    2,800,000

    TOTAL PROJECT COSTS

    38,000,000

    40,000,000

    42,000,000

     
    PROJECTED OPERATIONAL COSTS

    GENERAL FUND STAFFING - (Principal, Specials Teachers, Office Staff, Custodian, etc.)

    881,000

    GENERAL FUND UTILITIES - (Gas, Electricity, etc.)

     204,744

    GENERAL FUND MISCELLANEOUS - (Professional Development, Library Books, etc.)

    16,360

    GENERAL FUND TOTAL COSTS*

    1,102,104
     
     *Increased enrollment will add revenue to the General Fund.