1998
Project	Budget	Status
Auditorium seats at Holmes	$119,662	Complete
Bond Issuance Costs	$262,940	100% Expended
Bond Management Costs	$2,247,658	100% Expended
Expand Transportation Facility	$38,072	Complete
Grissom Road Annex Addition / Renovation (Student Services)	$3,812,391	Complete
Middle School Title IX and ADA	$479,260	Complete
NCC / Holmgreen Renovation	$200,000	Complete
Other	$13,102	Complete
Provide Holmes ROTC Paving	$15,945	Complete
Provide Taft ROTC Drill Pad	$174,055	Complete
Replace Clark Auditorium Lighting	$100,000	Complete
Warehouse	$27,896	Complete
Total	$7,490,981

Bond funds are invested prior to their disbursal for work completed. The interest earned is used as a contingency for inflation or other unanticipated cost increases.

Such earned interest may also be used for capital improvements not addressed by the bond program. The table below shows actual and projected uses of interest earned during the 2004, 2001 and 1998 Bond Programs.