Kentucky School Facilities Assistance Fund Special Audit Report
This special audit report conducted in accordance with Kentucky House Bill 6 reviews school facility projects for potential funding from the School Facilities Assistance Fund. The audit examines project scopes, costs, and local resources to determine appropriate state funding. It highlights responsibilities of involved parties, criteria for funding awards, and specific project details such as the Adair County New Middle School.
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Presentation Transcript
School Facilities Assistance Fund Special Audit Auditor of Public Accounts February 25, 2025 Auditor of Public Accounts
Audit Scope Per HB 6 (2024), The audit shall be conducted by an impartial independent contractor. The audit shall, at minimum, examine each project s scope, cost, and available local resources for the purpose of determining appropriate state funding. The audit shall be certified by the Auditor of Public Accounts.
Responsibilities Blue & Co., LLC School District Auditor s Office Blue is responsible for developing, in conjunction with the APA, agreed-upon- procedures, performing said procedures for all districts, and providing the APA a draft report for issuance. Each school districts' management is responsible for the supporting information provided to support the gap funding requested for each of its respective projects. The APA has reviewed the agreed-upon-procedures report and supporting work papers performed and prepared by Blue and finds that Blue has carried out the responsibilities of HB 6 sufficiently.
Background In accordance with Kentucky 2024 House Bill 6, this special audit reviews school facility project estimates identified for potential funding as part of the Kentucky School Facility Assistance Fund. KDE compiled a list of 20 projects that were identified for gap funding. Augusta Independent Bardstown Independent Beechwood Independent Breathitt County Crittenden County Fleming County Adair County Garrard County Harrison County Johnson County Marion County Powell County Somerset Independent Lewis County Walton- Verona Independent Washington County Wayne County Williamstown Independent Woodford County Auditor of Public Accounts
Criteria HB6 outlined criteria for SFAF awards. The special audit also reviewed this criteria: A1 or A2 Schools Not Athletic Facilities Project construction has begun or is ready to start Ranked as Priority 1 or Priority 2 on the local school district s facility plan Assigned a BG number by the KY Department of Education with a prefix between 19 and 23 A ten-cent equivalent tax has been levied dedicated to capital improvements but remains unable to cash fund or to sufficiently support the required annual debt service for replacement or renovation of the school as of January 1, 2024.
Adair County Project: New Middle School Cost of Project $56,083,899 $48,409,531 Funding Available Current Gap Needed $7,674,368 Original Gap Request $8,000,000 Difference ($325,632) Auditor of Public Accounts
Augusta Independent Project: New Gymnasium Cost of Project $10,008,550 Funding Available $4,650,000 Current Gap Needed $5,358,550 Original Gap Request $3,634,208 Difference $1,724,342 Auditor of Public Accounts
Bardstown Independent Projects: Renovating High School, Middle School, and CTE Cost of Project $90,454,474 Funding Available $47,328,623 Current Gap Needed $43,125,851 Original Gap Request $22,000,000 Difference $21,125,851 Auditor of Public Accounts
Beechwood Independent Projects: High School and Elementary School Renovations Cost of Project $36,920,498 Funding Available $36,815,498 Current Gap Needed $105,000 Original Gap Request $6,000,000 Difference ($5,895,000) Auditor of Public Accounts
Breathitt County Fully funded by HB 725. The project was not considered for gap funding during our audit. Auditor of Public Accounts
Crittenden County Scope of the project decreased, and the district had enough local funding to cover the project s cost. The project was not considered for gap funding during our audit. Auditor of Public Accounts
Fleming County Project: New Elementary School Cost of Project $39,663,018 Funding Available $23,830,000 Current Gap Needed $15,833,018 Original Gap Request $14,500,000 Difference $1,333,018 Auditor of Public Accounts
Garrard County Project: High School Construction Cost of Project $27,236,798 Funding Available $12,310,000 Current Gap Needed $14,926,798 Original Gap Request $26,000,000 Difference ($11,073,202) Auditor of Public Accounts
Harrison County Project: New High School Cost of Project $111,328,869 Funding Available $60,633,111 Current Gap Needed $50,695,758 Original Gap Request $34,000,000 Difference $16,695,758 Auditor of Public Accounts
Johnson County Projects: New High School, Area Technology Center, and bus garage Cost of Project $161,131,053 Funding Available $82,932,716 Current Gap Needed $78,198,337 Original Gap Request $40,000,000 Difference $38,198,337 Auditor of Public Accounts
Lewis County The district found enough local funding. The project was not considered for gap funding during our audit. Auditor of Public Accounts
Marion County Project: New Elementary School Cost of Project $29,200,000 Funding Available $9,460,000 Current Gap Needed $19,740,000 Original Gap Request 29,000,000 Difference ($9,260,000) Auditor of Public Accounts
Powell County Project: New Elementary School Cost of Project $30,404,910 Funding Available $24,486,384 Current Gap Needed $5,918,526 Original Gap Request $5,623,692 Difference $294,834 Auditor of Public Accounts
Somerset Independent Projects: Middle School Bus/Drop-Off Canopy and Auditorium, Elementary School Roof Replacement Cost of Project $29,277,343 Funding Available $17,575,912 Current Gap Needed $11,701,431 Original Gap Request $11,741,431 Difference ($40,000) Auditor of Public Accounts
Walton Verona Project: New Elementary School Cost of Project $26,482,723 Funding Available $26,434,686 Current Gap Needed $48,037 Original Gap Request $15,000,000 Difference ($14,951,963) Auditor of Public Accounts
Washington County Projects: High School Construction Performing Arts Center, Classrooms, P.E. Complex, Multi-Purpose Area, Parking Cost of Project $27,657,000 Funding Available $0 Current Gap Needed $27,657,000* Original Gap Request $27,200,000 Difference $457,000 *The project fails the criteria outlined in Kentucky 2024 House Bill 6. Auditor of Public Accounts
Wayne County Project: Elementary School and Early Childhood Center Cost of Project $13,688,000 Funding Available $30,500,000 Current Gap Needed $0 Original Gap Request $10,800,000 Difference ($10,800,000) Auditor of Public Accounts
Williamstown Independent Project: Auditorium Cost of Project $18,686,090 Funding Available $11,237,630 Current Gap Needed $7,448,460 Original Gap Request $7,687,272 Difference ($238,812) Auditor of Public Accounts
Woodford County Project: High School Cost of Project $74,694,349 Funding Available $75,427,393 Current Gap Needed $0 Original Gap Request $5,900,000 Difference ($5,900,000) Auditor of Public Accounts
