Excerpts from Treasurer (4)

What facilities Master Plan did Finneytown final approve?

The initial, co-funded OFCC Master Plan recommendation is the baseline from which each district molds a final Master Plan solution, taking into consideration the unique values, needs and desires of the local community. This is done by adding Locally Funded Initiatives (LFIs). LFIs are spaces that are secondary to the classroom that OFCC will integrate into the overall master plan, but for which it will not share the cost. LFI examples include auditoriums, athletic facilities, preschool facilities and extra classrooms.

LFIs identified and included by Finneytown in its final approved facilities Master Plan:

  • Two building solution (separate elementary & secondary buildings)              $4,636,056
  • Synthetic turf for Charles McNulty Stadium                                                         $1,000,000
  • Construction of a new softball field                                                                       $    650,000
  • Reconnecting utilities for William R. Swartzel Performing Arts Center         $    449,919
  • 5% contingency for upgraded finishes to both school buildings $2,554,396 Total LFIs $9,290,371

LFIs increase the total local cost to $27,871,112 and total project cost to $55,742,227. The addition of LFIs to the base project does not change the amount the state will pay. The state share amount remains at $27,871,114.

PROJECT TOTAL INCLUDING LFIs

STATE FUNDED SHARE: $27,871,114
LOCAL FUNDED SHARE: $18,580,742
LOCALLY FUNDED INITIATIVES:  $ 9,290,371
GRAND TOTAL PROJECT: $55,742,227