CAPITAL IMPROVEMENTS PROGRAM & PLAN PUBLIC SCHOOLS FY 2023 - 2032
Public Schools Planned Expenditures Schools Major Repairs/Systems Replacement Northern Shores Elementary Addition Operations Facility JFK Middle Replacement - 800 student Kilby Shores Elem. Replc. - 800 student Elephant's Fork Elem. Replc. - 800 student Nansemond Parkway Elem. Replc. - 800 student Forest Glen Middle School Replc. - 800 student John Yeates Middle School Replc. - 1,000 student Nansemond River High School Addition
5 Year Summary Previous Funding * 15,430,243 5,000,000 -
Total
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
5 Year Subtotal
6-10 Year Subtotal
10 Year Total
3,575,000 7,500,000 -
1,200,000 22,000,000 -
3,575,000 20,500,000 -
5,075,000 -
5,357,330 4,917,670 -
3,575,000 15,207,330 4,917,670 50,000,000 -
33,425,000 9,792,330 34,720,000 33,880,000 35,840,000 54,382,200 59,805,200 25,600,000
37,000,000 15,207,330 14,710,000 50,000,000 34,720,000 33,880,000 35,840,000 54,382,200 59,805,200 25,600,000
11,075,000
23,200,000
24,075,000
5,075,000
10,275,000
73,700,000
287,444,730
361,144,730
Public Schools Funding Sources
Previous Funding
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
5 Year Subtotal
6-10 Year Subtotal
10 Year Total
Schools Major Repairs/Systems Replacement Northern Shores Elementary Addition Transfer from General Fund Schools Major Repairs/Systems Replacement Northern Shores Elementary Addition Operations Facility JFK Middle Replacement - 800 student Kilby Shores Elem. Replc. - 800 student Elephant's Fork Elem. Replc. - 800 student Nansemond Parkway Elem. Replc. - 800 student Forest Glen Middle School Replc. - 800 student John Yeates Middle School Replc. - 1,000 student Nansemond River High School Addition General Obligation Bonds
75,000 75,000 3,500,000 7,500,000 11,000,000
75,000 75,000 1,125,000 22,000,000 23,125,000
75,000 75,000 3,500,000 20,500,000 24,000,000
75,000 75,000 5,000,000 5,000,000
75,000 75,000 5,282,330 4,917,670 10,200,000
375,000
375,000
750,000
73,325,000
287,069,730
360,394,730
Total
11,075,000
23,200,000
24,075,000
5,075,000
10,275,000
73,700,000
287,444,730
361,144,730
Annual Operating Impact
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
Schools Major Repairs/Systems Replacement Northern Shores Elementary Addition Operations Facility JFK Middle Replacement - 800 student Kilby Shores Elem. Replc. - 800 student Elephant's Fork Elem. Replc. - 800 student Nansemond Parkway Elem. Replc. - 800 student Forest Glen Middle School Replc. - 800 student John Yeates Middle School Replc. - 1,000 student Nansemond River High School Addition
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-
-
-
-
Total Operating Cost
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-
-
-
-
44
