2004
Project	Budget	Status
Allowance / Contingency	$57,329
Aue ES	$800,000	Construction
Bond Issuance Costs	$1,745,000	45% Expended
Bond Management Costs	$4,500,000	3% Expended
Brandeis HS	$5,500,000	Construction
Culebra Transportation	$600,000
Driggers ES	$2,500,000	Construction
Jefferson MS	$3,538,730	Construction
Maintenance Shop Expansion	$200,000
Rhodes Transportation	$300,000
Total	$19,741,059

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.