MSBA Announces Final Audit of 12 School Projects Totaling over $134.2M

November 18, 2015

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 12 projects from seven school districts totaling over $134.2 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 every Massachusetts student deserves,” Treasurer Goldberg said. “We are delighted to have brought these important investments in Massachusetts schools to a successful conclusion.”
 
The Board approved final audits of three projects for the construction of new schools, eight Accelerated Repair Program projects and one Science Lab Initiative project. The combined grant value of all audited projects was $134,259,013.
 
“We couldn’t have asked for a better success with these projects,” Chief Executive Officer Valente said. “The completion of these twelve 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 $11.7 billion in reimbursements for school construction projects.