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AT Cabarrus A County Schools �r Erere�aminax.GnyreluNres April 25, 2018 The Honorable Mr. Steve Morris, Chair Ms. Diane Honeycutt, Vice Chair Ms. Liz Poole Mr. Lynn Shue Mr. Blake Kiger Cabarrus County Board of Commissioners 65 Church Street, SE Concord, NC 28026 Re: Request to reclassify funds in PLC project Dear Board of Commissioners: On April 16, 2018 the Cabarrus County Board of Education voted unanimously to allow staff to request a transfer of funds in the PLC project. The BOE is not requesting additional funds, just a reclassification of currently budgeted funds. Below, you will find the explanation for the request that was provided to the BOE We have been working closely with our design team of Liles Construction Company, Inc. and Morris -Berg Architects for the past 6 months on the programming and design development of the new PLC facility. Over the last couple of months as we finalized the design, the team began working through the final budgeting of the project and solidifying their construction team. To recap the monies allocated for this project, we had a construction budget of $3,080,291.00 for the design, site development and construction of the building. Outside of the this we have additional approved funding for FEE, technology, engineering and administration fees. The final construction estimate provided is approximately $20,000.00 higher than the original budget. We have worked on value engineering this project in hopes of getting closer to our target price but at this point any more VE done would jeopardize the look and end result of this project which we do not want to have happen. We are also working through the FF&E for the project and after initial estimate realize that the funded amount will not meet the needs of the school. Our budget for this school is $131,709.00 but initial estimates have the FF&E package coming injust over $200,000.00. We would request that an additional $60,000.00 be added to our FF&E budget to help offset the additional cost. We are working to value engineer the furniture package but again, we do not want to jeopardize the product we are providing to students and staff. As a part of our Soft Cost Funding, we also included a separate line for `Architect' in the amount of $100,000.00. This money was allocated on the original budget as a kind of safety net for the project on the chance that we were not satisfied or confident with the direction the design firm Alizchmenl number t \n G-1 Page 129