Description

The capital costs for Hillsborough County School is calculated using the school construction costs and land costs for elementary, middle and high school. Using the average number of students per school, school costs per students are determined. The data on school construction cost, land cost, and students per school (elementary, middle and high school) were obtained through a meeting with Dr. Jim Hamilton and other school board staff on May 10, 2006. Ancillary cost of $411 is added to the construction cost of the schools. This represents additional costs associated with items such as bus fleet or miscellaneous construction costs. Moreover, school board representatives expressed the hurricane shelter factor, which increases the construction cost for each school type by 50-percent to make them hurricane resistant (for up to Category 3). These buildings would also play the role of hurricane shelter if the need arises.

Assumptions Used

• Elementary School Construction Cost = $17,952 per school

• Elementary School Land Cost = $1,000,000 per site

• Elementary School Students per School = 900

• Middle School Construction Cost = $19,386 per school

• Middle School Land Cost = $2,500,000 per site

• Middle School Students per School = 1,350

• High School Construction Cost = $25,181 per school

• High School Land Cost = $5,000,000

• High School Students per School = 2,400
  Source: Meeting with Dr. Jim Hamilton and other school Board staff on May 10, 2006.

• Ancillary Costs = $411

• Hurricane Shelter Factor = 0.09
  
  

Equations and Variables Used

• Elementary School Costs per Student = Elementary School Construction Cost + Hurricane Shelter Factor x 0.75 x Elementary School Construction Cost + Ancillary Costs / 1<<elem>> + Elementary School Land Cost / Elementary School Students per School

• Middle School Costs per Student = Middle School Construction Cost + Hurricane Shelter Factor x 0.75 x Middle School Construction Cost + Ancillary Costs / 1<<mid>> + Middle School Land Cost / Middle School Students per School

• Middle School Costs per Student = High School Construction Cost + Hurricane Shelter Factor x 0.75 x High School Construction Cost + Ancillary Costs / 1<<mid>> + High School Land Cost / High School Students per School