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Attachment 1 <br />G. Recurring Capital <br />Recurring capital for each School System will be based on the equivalent of <br />three cents on the General Fund Property Tax Rate (not adjusted for the 1997 <br />revaluation of real property but adjusted each revaluation thereafter.) Funds <br />will be allocated to each school system based on the State Department of Public <br />Instruction planning allocation which is the same method used to allocate current <br />expense appropriation. <br />H. Planning Period <br />During each fiscal year, the Board of Commissioners shall adopt a ten year <br />Capital Improvements Plan. The ten year plan shall include anticipated <br />County capital expenditures costing $30,000 or more excluding equipment <br />and anticipated school capital expenditures costing $50,000 or more, <br />excluding equipment. Equipment, costing $1,000 or more can be considered <br />as part of the Capital Improvements Plan. The first year of the adopted <br />Ten Year Capital Improvements Plan shall be incorporated into the next <br />• annual operating budget recommended by the County Manager. <br />