MSBA Announces Final Audit of 3 School Projects Totaling over $33.6M

December 13, 2017

BOSTON - State Treasurer Deborah B. Goldberg, Chair of the Massachusetts School Building Authority (“MSBA”), and John K. McCarthy, MSBA Executive Director/Deputy CEO, announced today that the MSBA Board of Directors has approved final audits for three projects from three school districts totaling over $33.6 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 these 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 for two projects in the MSBA’s Core Program and one Accelerated Repair Program project, which consist of the repair or replacement of roofs, windows and/or boilers. The combined grant value of these audited projects is $33,616,815.

“We couldn’t have asked for a better success with these projects,” Executive Director/Deputy CEO McCarthy said. “The completion of these ten projects is a further testament to the success of the MSBA’s process of collaboration with Massachusetts school districts.”

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

District School Scope Total Project Budget Total Facilities Grant
Berlin-Boylston Tahanto Regional High School New Construction $41,357,035 $18,972,041
South Hadley Plains Elementary School New Construction $28,011,124 $14,215,374
West Bridgewater Spring Street School Roof $1,339,458 $429,400
Totals   $70,707,617 $33,616,815

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 1,750 site visits to more than 250 school districts as part of its due diligence process and has made over $12.9 billion in reimbursements for school construction projects.