MSBA Announces Final Audit of 5 School Project Totaling over $134M

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 five projects from 5 Districts totaling over $134 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 projects from the MSBA’s Core Program and Accelerated Repair Program, which consist of repair or replacement to roofs, windows/doors and/or boilers. The combined grant value of the audited projects was $134,164,896.

“Approval of the final audits brings these vitally-needed projects to a successful conclusion, which benefits students all across the Commonwealth,” said Executive Director Jack McCarthy.

Below are the projects that received final audit approval at today's Board meeting:

District School Scope Total Project Budget Total Facilities Grant
Chelsea Clark Avenue School Core Program $57,332,407 $36,289,969
Holbrook Holbrook Jr. Sr. High Core Program $102,560,698 $53,143,501
Somerville Winter Hill Community Accelerated Repair $2,806,163 $1,717,926
Stoughton West Elementary Accelerated Repair $2,022,628 $704,595
Winchester Winchester High School Core Program $129,923,146 $42,308,905
Totals   $294,645,042 $134,164,896

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 $14.9 billion in reimbursements for school construction projects.