Module 5 – Funding the Project

Based upon the completed Feasibility Study and the steps outlined in Module 4, the District and MSBA staff establish and document the project scope, budget, schedule, and MSBA financial participation to forward to the MSBA Board of Directors for their approval.

Overview

Approval by the MSBA Board of Directors establishes the MSBA participation in the proposed project. Module 5 provides guidance on MSBA vote language and outlines the steps necessary to be completed by the District to enter into a Project Scope and Budget Agreement and a Project Funding Agreement with the MSBA. The District should utilize the Completion Checklist to ensure that it has completed all steps. Upon Board approval of a proposed project, the District and the MSBA may enter into a Project Scope and Budget Agreement that defines the project scope, budget, schedule, and potential MSBA participation in the project. Once the District secures community authorization and financial support, the MSBA and the District enter into a Project Funding Agreement, which also defines the scope, budget and schedule for the project. Once a Project Funding Agreement is executed, the District can begin submitting requests for reimbursement to the MSBA for project costs beyond the feasibility study.

Please refer to this letter from the Division of Local Services regarding project cash flows:

Recent News

At the August 27, 2025 Board Meeting:

  • Two districts were recommended for Project Scope and Budget:
    • Berkshire Hills RSD, Monument Mountain RHS
    • Littleton, Shaker Lane Elementary School
  • Based on the most recent data and schedules provided to the MSBA by districts, seven districts will appear before the Board for Project Scope and Budget Agreement authorizations at the October 2025 and December 2025 Board meetings.
    • Dracut, Joseph A. Campbell Elementary School
    • East Bridgewater, Central Elementary School
    • Lexington, Lexington High School
    • Millis, Millis Middle/High School
    • Old Colony RVTSD, Old Colony RVTHS
    • North Andover, Kittredge Elementary School
    • West Bridgewater, Rose L. MacDonald Elementary School