The Provo City School District has released a construction costs and funding update regarding projects at Timpview High School and the new Dixon Elementary School. The update includes budgeted costs, actual expenses, and various funding sources, with expenses recorded through September 30, 2026.
Total budgeted projected construction costs for the district's projects amount to $127,426,965.93. For Timpview High School, the Westland cafeteria was completed at approximately $13,309,410.69, which was roughly $770,000 under the original final contract of $14,080,124.60. Other Timpview projects include the Fine Arts and Administration building budgeted at $68,588,983.00, which includes a $1.3 million contingency, and $4,144,674.24 through VCBO.
Dixon Elementary projects include a Westland construction budget of approximately $38,000,000.00, though hard bids are forthcoming. Additional costs for Dixon include $959,748.00 for Westland demolition and $2,174,150.00 for Core Architecture. The district has also allocated $250,000.00 for inspections, soil testing, and other costs.
Regarding actual expenses, the district reported a total of $22,912,094.45 expended as of June 30, 2026. This includes $2,593,097.84 for Timpview in Fiscal Year 2025 and $20,086,695.90 for Timpview in Fiscal Year 2026. Dixon expenses through June 30, 2026, totaled $232,300.71.
For Fiscal Year 2027, expenses through September 30, 2026, include $4,792,098.98 for Timpview and $728,482.93 for Dixon, totaling $5,520,581.91. The district's remaining projected expenses as of September 30, 2026, are $98,994,289.57. The projected fund balance after construction is $18,718,304.52, assuming no other increases, which accounts for $3,500,000.00 in projected Fiscal Year 2027 interest.
Funding for these projects is sourced from several areas. Total funding sources equal $127,426,965.93, which includes $75,024,541.00 in bond proceeds. Other sources include $5,297,989.47 from Fiscal Year 2025 interest and a land sale to BYU in Westland, $6,542,684.68 from Fiscal Year 2026 interest and general fund transfers, and $20,372,240.00 from the building reserve. The Capital Projects Fund Balance stands at $16,689,510.78, while the Capital and Building Reserve Fund Balance was $119,733,176.00 as of June 30, 2026.
