CIP Fund Balances

Sunapee School District Capital Improvement Plans
May 24, 2023

Below is a list of the established Capital Reserve Funds and their intended use.  The CIP committee meets regularly to review and plan for major capital improvements needed and a potential time for starting and completing projects. Depending on the scope and cost of these projects, additional financial supports are needed that could come from individual warrant articles, public hearings on expenditures, contingency accounts, end of year funds, year budgets, or grants. Our facility department continuously works on preventive maintenance to each facility each year.

Sunapee Middle High School Roof Capital Reserve Funds: Current Balance $125,734

This fund is for the continued preventive maintenance to the SMHS roof. The projected cost of a full roof replacement is $500,000. At this time, using a yearly service agreement, our roof is inspected and monitored for heat loss, leaks, and breakdown. We also conduct an infrared thermal scan of our roof to help identify issues. Based on these scans we address the specific section(s) that require improvements; these sections are then warrantied by the installer for an additional 20 years. This system keeps our roofs working correctly, but at some point based solely on age, a major roof replacement will be required. 

Sunapee School Building Capital Reserve: Current Balance $189,788   

This fund is for improvements to any of the 4 Sunapee School District facilities (Sunapee Central Elementary, Middle/High, Sherburne Gym or SAU building). Addressing issues inside or outside in our facilities; doors, glass, flooring, roofing, siding, stairs cases, electrical, plumbing…

Sunapee Central Elementary School Capital Reserve: Current Balance $93,065

This fund was established to assist in the planning and development for improvements to the elementary school. The Board has been using this account to hire architectural firms that developed the renovation/remodeling proposals that have been placed before the voters. This account has not been funded over the last 10 years due to the creation of the School building Account above. The CIP committee would like to use these funds to address the safety issue with the current front entrance, playground, and assist in classroom improvements.   

Sunapee Middle High School Heating Ventilation, Circulation Capital Reserve: Current Balance $25,000

A major capital project that will be required in the near future at SMHS is the replacement of the current oil boilers. The CIP committee is looking to determine a more efficient means to addressing the current situation. This fund can be used along with an additional voter approved warrant article or with grant funding.    

Sunapee Grounds Capital Reserve: Current Balance $75,000

This newly established account will allow the School Board to address any issue with the grounds of the school facilities. The CIP committee is currently looking at the parking and playground safety issue at SCES.  Additionally, the projects being considered 2-3 years out are improvements to the fields at SMHS, addressing ADA access to our fields, as well as paving, striping, or erosion issues.  

Sunapee Central Elementary School Educational Space Renovation Reserve: Current Balance $75,000

The newly established account will allow for the continuous improvement to educational spaces in SCES. The CIP committee is developing a scope of work for an upgrade to each classroom over the next 4 years. Upgrade to include: windows, flooring, mill work, sink and bathroom upgrades and ADA compliance. Currently, the CIP committee is looking at window replacement for all windows in that building.    

Sunapee Contingency Fund: Current Balance $425,000

This fund was approved by voters, which allows the district to retain 5% of the current fiscal year's net assessment. These funds can be used to meet the cost of unanticipated expenses that may arise during the year. During project work if unanticipated expenses occur this account could be used to help cover these costs.