MSBA Announces Final Audit of Seven School Projects Totaling over $51.9M

January 14, 2015

State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, announced that the MSBA Board of Directors has approved final audits for projects totaling over $51.9 million in grants from the MSBA. The final audit stage is the last step in the MSBA building process and represents the successful completion and closeout of the projects.

“Every project undertaken by the MSBA is a step toward creating the 21st century learning infrastructure that every Massachusetts student deserves,” Treasurer Grossman said. “We are delighted to have brought these important investments in Massachusetts schools to a successful conclusion.”

The Board approved final audits of one Accelerated Repair Program project, two Green Repair Program projects, two projects for the construction of new schools and two Accelerated Repair Program Feasibility Studies. The combined grant value of all audited projects was $51,934,771.  

“Approval of final audits brings these vitally-needed projects to a successful conclusion, which benefits students all across the Commonwealth,” Executive Director McCarthy said.

The MSBA partners with Massachusetts communities to support the design and construction of educationally appropriate, flexible, sustainable and cost-effective public school facilities. Since its 2004 inception, the Authority has made over 1,485 site visits to more than 250 school districts as part of its due diligence process and has made over $11.1 billion in reimbursements for school construction projects.

Below is the list of new program grants that received final audit approval at today's Board meeting:

District School Scope Basis for Total Maximum Facilities Grant Final Total Facilities Grant
Adams-Cheshire Hoosac Valley High School New $40,561,257 $27,985,159
Central Berkshire Regional Berkshire Trail Elementary School FSA ARP $26,000 $10,020
Dighton-Rehoboth Regional Dighton-Rehoboth Regional High School FSA ARP $49,991 $24,980
Easton Easton Middle School ARP $2,169,467 $1,009,416
Hanover Hanover High School New $48,740,788 $22,232,306
Springfield Washington School Green Repair $131,071 $81,272
White Street School Green Repair $794,491 $591,618
  Totals $92,473,065 $51,934,771