MSBA Announces Final Audit of 11 School Projects Totaling over $87M

State Treasurer Deborah B. Goldberg, Chair of the Massachusetts School Building Authority (“MSBA”), and Maureen Valente, MSBA Chief Executive Officer, announced today that the MSBA Board of Directors has approved final audits for eleven projects from ten school districts totaling over $87 million in grants from the MSBA. The final audit stage is the last step in the MSBA building process and represents the successful completion and closeout of the projects.
 
“Every project undertaken by the MSBA is a step toward creating the 21st century learning environment that all Massachusetts students deserve,” Treasurer Goldberg said. “We are delighted to have made these important investments in Massachusetts schools.”
 
The Board approved the final audits for four Addition/Renovation projects in the MSBA’s Core Program and seven Accelerated Repair Program projects, which consist of the repair or replacement of roofs, windows and/or boilers.  The combined grant value of these audited projects is $87,834,134.
 
“We couldn’t have asked for a better success with these projects,” Chief Executive Officer Valente said. “The completion of these eleven projects is a further testament to the success of the MSBA’s process of collaboration with Massachusetts school districts.”
 
The MSBA partners with Massachusetts communities to support the design and construction of educationally appropriate, flexible, sustainable and cost-effective public school facilities. Since its 2004 inception, the Authority has made over 1,700 site visits to more than 250 school districts as part of its due diligence process and has made over $12 billion in reimbursements for school construction projects.
 

 
Below is the list of new program grants that received final audit approval at today's Board meeting: