• CITY OF CARTERSVILLE BOARD OF EDUCATION
    (A COMPONENT UNIT OF THE CITY OF CARTERSVILLE, GEORGIA)

    SCHEDULE OF EXPENDITURES OF
    SPECIAL PURPOSE LOCAL OPTION SALES TAX PROCEEDS
    FOR THE FISCAL YEAR ENDED JUNE 30,2017

    Project
    2007 SPLOST
    Original Estimated Cost (1)
    Current Estimated Cost(2)
    Expended In Current Year (3)
    Expended in Prior years (3)
     Total Expended
    Project Status
    City of Cartersville General Obligation 1992, 2001 and 2002 School Serial & Term Bond Debt Reduction 12,671,443 12,457,083   12,457,083  12,457,083 Complete
                 
    Acquisition, Renovation, and Equipping of School Buildings, Acquisition of School Transportation Vehicles, and Acquisition of Sites for Future 19,932,617 9,771,077   9,771,077 9,771,071  Complete
                 
    Totals: 32,604,060 22,228,160   22,228,160  22,228,160  
                 

     

    Project
    2012 SPLOST
    Original Estimated Cost (1)
    Current Estimated Cost(2)
    Expended In Current Year (3)
    Expended in Prior years (3)
     Total Expended
    Project Status
    City of Cartersville General Obligation 2010 School Serial & Term Bond Debt Reduction 13,900,000 13,900,000 0 13,900,000 13,900,000 Complete
                 
    Acquisition, Renovation, and Equipping of School Buildings, Acquisition of School Transportation Vehicles, and Acquisition of Sites for Future 17,270,000 12,397,954  2,262,758  544,968  2,807,726 Complete
                 
    Totals: 31,170,000 26.297.954   14,444,968 16,707,726  Ongoing
     Total SPLOST Expenditures      2,262,758      
     Non-SPLOST Captial Projects Expenditures            
     Total SPLOST Capital Project Fund Expenditures            

     (1) The School District's original cost estimate as specified in the resolution calling for the imposition of the Local Option Sales Tax.

    (2) The School District's current estimate of total cost for the project(s). Includes all cost from project inception to completion.

    (3) The voters of Bartow County approved the imposition of a 1% sales tax to fund the above projects and retire associated debt.