MSBA Announces Final Audit of 17 New Program Grants Totaling over $126M

November 19, 2014

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 17 New Program grants totaling over $126 million from the MSBA. The final audit stage is the last step in the MSBA building process and represents the successful closeout of the grants.

“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 addition/renovation project, four Accelerated Repair Program projects, eight Green Repair Program projects, one Feasibility Study grant and three projects for the construction of new schools. The combined value of all audited grants is $126,148,294.  

“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 1,450 site visits to more than 250 school districts as part of its due diligence process and has made over $11 billion in reimbursements for school construction projects.