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Bellmawr BOE Approves $315,500 Capital Reserve Transfer for Emergent Projects

At its November 21 Special Meeting, the Bellmawr Board of Education (BOE) approved the withdrawal of funds from its capital reserve account in the total amount of $315,500 to fund emergent projects for Bellmawr Park School and Ethel Burke School.

When reached by telephone, Board Secretary/Business Administrator, Amy Capriotti, confirmed that BOE approved the Resolution authorizing the transfer.

The emergent projects have been identified as follows:
  • $80,000 for electrical upgrades at E.M. Burke School
  • $90,000 for rooftop HVAC unit replacements at E.M. Burke School and Bellmawr Park School
  • $145,500 for boiler replacements at E.M. Burke School and Bellmawr Park School

At last week’s regular BOE meeting, Capriotti said that the district had been holding back on spending until the audit was completed. The district had approximately $320,000 earmarked to transfer from capital reserve for emergent projects, she said.

Providing further clarification about the projects, Capriotti said last week that the electrical system at E.M. Burke is old, needs to be re-done, and is beyond what can be done to fix it.

School Superintendent,  Annette Castiglione, also provided further comment last week by saying that E.M. Burke is hard to heat and cool and is an archaic building with small rooms.

One reply on “Bellmawr BOE Approves $315,500 Capital Reserve Transfer for Emergent Projects”

If you think that the bids will come in at those prices, I have a bridge I can sell to you. This is another way to approve capital improvements, get the ball rolling, and then sock it too the taxpayers when the real numbers come in. Even if they “socked” away $320,000 dollars until after the audit, do we really believe that no additional work valued at 4,500 dollars will not be needed?

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