VICTOR VALLEY COMMUNITY COLLEGE DISTRICT
MEASURE JJ BOND PROGRAM
Citizens’ Bond Oversight Committee
(Information Only – No Action Required)
PROGRAM STATUS REPORT
I.
SEPTEMBER 14, 2011
PROGRAM UPDATE
The following summarizes major activities completed since the June 15, 2011 report.
II.
PROGRAM BUDGET SUMMARY (Attachment A)
The attached Bond Program Budget Summary has been revised to reflect current priorities
and plans and includes reconciled bond revenues, expenditures and balances through June
30, 2011. The project list has been updated to incorporate the Board approved projects
that will be funded by the remaining Series 1 revenues.
The total committed program budget is $138,126,162 (line 73), which exceeds revenue by
$1,354,135. However, the budget includes a 2.5% program contingency of $1,848,051 (line
15). The program budget balance (line 75) of $493,916 is the remaining contingency.
III.
PROJECT SUMMARY
Eastside Public Safety Training Center:
Project Awarded:
August 11, 2009
Design-Build Team:
Highland Partnership/Carrier-Johnson Architects
Contract Amount:
$ 25,000,000
Revised Project Budget:
$ 31,536,982
Project Completion:
Construction Completion – December 2011