MSBA Announces Final Audit of 11 School Projects Totaling over $220M

June 28, 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 eleven projects from eleven school districts totaling over $220 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 five projects in the MSBA’s Core Program and six Accelerated Repair Program projects, which consist of the repair or replacement of roofs, windows and/or boilers. The combined grant value of these audited projects is $220,180,102.

"We couldn’t have asked for a better success with these projects," Executive Director/Deputy CEO McCarthy said. "The completion of these eleven 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
Assabet Valley Assabet Valley Regional Vocational High School Repair $62,434,488 $29,558,515
Auburn Bryn Mawr Elementary School Roof $761,613 $375,836
Bellingham South Elementary School Roof $1,373,905 $411,809
Essex Agricultural & Technical Essex Agricultural & Technical High School New Construction $134,501,368 $73,107,459
Georgetown Georgetown Middle/High School Renovation $7,496,947 $3,391,956
Leominster Northwest Elementary School Roof $3,249,170 $1,437,558
North Adams Colgrove Park Elementary School Addition/Renovation $29,682,594 $21,750,210
Salem Collins Middle School Roof, Windows/Doors, Boilers & Building Envelope $38,832,683 $26,630,494
Salem Saltonstall Elementary School Roof, Windows/Doors, Boilers & Building Envelope $16,306,266 $10,709,091
Shrewsbury Sherwood Middle School New Construction $43,947,705 $19,985,030
Wakefield Galvin Middle School New Construction $73,960,310 $32,822,144
Totals   $412,547,049 $220,180,102

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 $12.7 billion in reimbursements for school construction projects.