annualreport-2022v9 - Flipbook - Page 19
Bond Refinancing
The KCKPS Board of Education approved the refinancing of $150 million of the district’s
$235 million in General Obligation Bonds in 2020 saving the District more than $30 million.
The District has refinanced bonds on seven different occasions, saving more than $36 million
over the past 20 years. This refinancing improves the district’s overall bond and interest
budget cash flow and provides interest cost savings.
Economic Inclusion Committee (EIC)
The Board of Education established several sub-committees depending on the project’s
topic. The overall leadership committee included various members of the superintendent’s
cabinet, curriculum leadership, operations, and other district department leadership.
The EIC consisted of area minority and women business organizations that support the
positive utilization and development of M/W/LBEs on area economic development and
construction projects. As the lead construction firm, JE Dunn worked to eliminate barriers
that inhibit the participation of these firms. KCKPS’ construction partner uses best faith
efforts to provide information and assistance to implement procurement by requiring their
first-tier subcontractors and suppliers to meet the project’s established M/W/LBE
participation goals.
JE Dunn monitors the compliance with M/W/LBE participation and reports monthly to the
Board of Education and the Economic Inclusion Committee.
Project Participation
MBE = 12.3%
WBE = 14.3%
LBE= 57%
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