Orange County NC Website
Suggested Project Changes to County Projects If Property Tax Is Not Allocated to <br />County Projects <br />k kip \9900 \kS$1 cnt <br />The spreadsheet below summarizes different scenarios of not having some portion of the one cent of property tax for County capital <br />projects. The chart below provides a color coded key indicating the funding levels for each project. <br />R = 1999 -09 Recommended CIP <br />1 = Project changes if one cent not allocated to county projects <br />('minMr ranital Projects Funding Sources (as included in the County Manager's Recommended 1999 -09 CIP <br />Total <br />Proceeds from <br />Funding <br />2004 -05 <br />Cent Sales Tax <br />Through <br />$2,067,356 <br />$1,926,965 <br />hrough <br />T <br />1998 -99 <br />1999 -00 <br />2000 -01 <br />2001 -02 <br />2002 -03 <br />2003 -04 <br />2008 -09 <br />Total <br />('minMr ranital Projects Funding Sources (as included in the County Manager's Recommended 1999 -09 CIP <br />10 Year <br />Difference <br />10 Year CIP Funding without <br />One Cent Designated for County <br />Projects 12,251,455 4,473,646, 2,376,700 2,257,150 2,630,000 19,791,325 43,780,276 (7,634,629) <br />(2,519,428) <br />10 Year CIP Funding with 1/2 of <br />One Cent Designated for County <br />Projects 12,585,690 4,817,908 2,731,290 2,622,378 ;3,005,000 21,835,325 47,597,591 1 (3,817,315) <br />Proceeds from <br />the One Half <br />Cent Sales Tax <br />$2,597,547 <br />$2,067,356 <br />$1,926,965 <br />$1,863,562 <br />$2,296,769 <br />$18,528,365 <br />$29,280,564 <br />1997 Bond <br />Proceeds <br />$6,100,000 <br />$2,070,540 <br />$0 <br />$0 <br />$0 <br />$0 <br />$8,170,540 <br />2/3 Net Debt <br />Reduction Bonds <br />$2,774,600 <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />$2,774,600 <br />Iutergovernment <br />al <br />$173,480 <br />$160,750 <br />$97,592 <br />$97,592 <br />$97,592 <br />$487,960 <br />$1,114,966 <br />Transfers from <br />General Fund <br />(earmarked for <br />articular <br />$385,000 <br />$175,000 <br />$175,000 <br />$175,000 <br />$175,000 <br />$775,000 <br />$1,860,000 <br />Appropriated <br />Fund Balance <br />$220,828 <br />$0 <br />$177,143 <br />$120,996 <br />$60,639 <br />$0 <br />$579,606 <br />Bquiya ent o , <br />n <br />709;180 <br />RUN <br />WIN" WOW <br />7 634 629 <br />w <br />668470 <br />688;524 <br />- Z34;455, <br />X750,000. <br />Total <br />Recommended <br />10 Year CIP <br />undig <br />$12,919,925 <br />$5,162,170 <br />$3,085,880 <br />$2,987,605 <br />$3,380,000 <br />1$23,879,325 <br />1 $51,414,905 <br />10 Year <br />Difference <br />10 Year CIP Funding without <br />One Cent Designated for County <br />Projects 12,251,455 4,473,646, 2,376,700 2,257,150 2,630,000 19,791,325 43,780,276 (7,634,629) <br />(2,519,428) <br />10 Year CIP Funding with 1/2 of <br />One Cent Designated for County <br />Projects 12,585,690 4,817,908 2,731,290 2,622,378 ;3,005,000 21,835,325 47,597,591 1 (3,817,315) <br />