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The committee unanimously approved a $1,198,826.22 credit to the construction contract, a $9,862 bond-cost adjustment, and a $243,655 transfer from project contingency to bonding and financing. It also approved $206,444.40 in invoices and construction payments.
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The elementary school project is moving toward financial and construction closeout. The approved credit returns reconciled or unused project funds, while the budget transfer covers bonding charges. A few tasks, including landscaping, remain to be completed in warmer months, and final reimbursement and state review work is still underway.
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