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Agenda Item (IV-E-3)

Meeting8/4/2015 - Committee
Agenda ItemCommittee - Facilities (IV-E-3)
SubjectProject Close-Outs and Reversion of Funds
Funding Measure C
Recommended ActionIt is recommended that the Board of Trustees recognize and accept project closeout and reversion of Measure C funds.

Background Narrative:

Due to various projects closing with remaining Measure C Funds, it is necessary to revert these funds back to the District and each of the Colleges allocated Measure C accounts.

The total project savings for the District and each college is $4,232,612.

Individual Breakdown:
Riverside City College - $1,756,463
Norco College - $517,378
Moreno Valley College - $1,463,089
District - $495,682

For detailed breakdown by projects for District and colleges see Exhibit I, attached.
Prepared By: Chris Carlson, Chief of Staff & Facilities Development