TITLE
Title
GUILFORD COUNTY SCHOOLS (GCS) CAPITAL PROJECT AMENDMENT: SHADYBROOK AND LINDLEY ELEMENTARY SCHOOLS
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SPONSOR
Sponsor
Dr. Whitney Oakley, GCS Superintendent (Dr. Julius Monk)
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BACKGROUND
Background
Guilford County voters have approved a total of $2.0 billion in school bond referendums to address school capital needs identified through a comprehensive facilities master plan jointly developed by the Guilford County Board of Education and Guilford County Board of Commissioners. Due to current and projected declining enrollment, the Katherine G. Johnson project has been paused, and transfer of a portion of its remaining approved ordinance funds to the Shadybrook Elementary and Lindley Elementary projects are recommended by district staff. This reallocation will provide sufficient resources to finish the design development phase at Shadybrook Elementary and to align with the received Guaranteed Maximum Price (GMP) for Lindley Elementary.
On April 14, 2026, the Guilford County Schools Board of Education (BOE) approved realigning $3,000,000 in funds from Katherine G. Johnson K-8 School to Shadybrook Elementary. On May 12, 2026, the Guilford County Schools Board of Education (BOE) recommended increasing the allocation to Lindley Elementary by $64,748,767 to align with the received Guaranteed Maximum Price (GMP). Lindley Elementary will allocate $38,507,941 in funds from Katherine G. Johnson. The remaining $26,240,826 in funds needed will be allocated from bond proceeds as part of the $2.0 billion bond program.
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BUDGET IMPACT
Budget Impact
School Capital Outlay Fund
Katherine G Johnson K-8 School
$41,507,941 decrease to capital project
$41,507,941 decrease in Other Revenue (Bond Proceeds)
Shadybrook Elementary
$3,000,000 increase to capital project
$3,000,000 increase in Other Revenue (Bond Proceeds)
Lindley Elementary
$64,748,767 increase to capital project
$64,748,767 increase in Other ...
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