Orange County NC Website
Browse       Search
Attachment 2 <br />7. Debt incurred under the "two- thirds net debt reduction" <br />rule shall be limited to instances where the health and <br />safety of Orange County citizens are threatened. <br />S. The amount to be appropriated to each school system for <br />recurring capital expenditures shall be $750,000. This <br />appropriation shall be in effect for a period of at, <br />least five years and includes funds for roof repairs. <br />9. County capital expenditures with a cost of $30,000 or <br />more and useful life of at least five years shall be <br />considered capital projects and accounted for in capital <br />project funds. <br />10. During each fiscal year, the Board shall Adopt a Five <br />Year Capital Improvements Program. The FZ7E -Year <br />Program shall include anticipated county capital <br />expenditures costing $30,000 or more and anticipated <br />school capital expenditures costing $50,000 or more, as <br />well as available financing sources. The first year of <br />'-:,e dopted -Year Capital Improvements Program shall <br />ccrporate into the.riext annual operating budget <br />c'o en-led #so the County Manager. <br />10 <br />7 <br />