MSBA Announces Final Audit of 9 School Projects Totaling over $81.6M

January 28, 2016

State Treasurer Deborah B. Goldberg, Chair of the Massachusetts School Building Authority (“MSBA”), and Maureen Valente, MSBA Chief Executive Officer, announced that the MSBA Board of Directors has approved final audits for nine projects from nine school districts totaling over $81.6 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 environment that all Massachusetts students deserve,” Treasurer Goldberg said. “We are delighted to have made these important investments in Massachusetts schools.”
The Board approved the final audits of two projects for the construction of new schools, four Accelerated Repair Program projects, one Science Lab Initiative project, one addition/renovation project, and partial funding for a feasibility study. The combined grant value of all audited projects is $81,689,028.
“We couldn’t have asked for a better success with these projects,” Chief Executive Officer Valente said. “The completion of these nine projects is a further testament to the success of the MSBA’s process of collaboration with Massachusetts school districts.”

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 1,650 site visits to more than 250 school districts as part of its due diligence process and has made over $11.8 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:

School Scope Total Project Budget Total Facilities Grant
Barnstable Barnstable United School ARP $1,162,490 $413,170
Fall River James Madison Morton Middle School New $51,997,530 $34,754,621
Gardner Gardner High School Science Lab $3,648,052 $2,651,237
Hatfield Smith Academy ARP $2,318,019 $673,075
Longmeadow Longmeadow High School New $78,428,280 $31,147,791
Nashoba Valley Regional Nashoba Valley Regional Technical High School ARP $1,690,938 $781,782
Springfield Mary A. Dryden Veterans Memorial School Add/Reno $15,051,832 $10,644,828
Stoughton West Elementary School ARP $1,370,017 $400,466
Swampscott Hadley Elementary School FSA $500,000 $222,058
    Totals $156,167,158 $81,689,028