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Recurring capital for each School System will be based on the equivalent of three cents on the <br />General Fund Property Tax Rate (not adjusted for the 1997 revaluation of real property but adjusted <br />each revaluation thereafter.) Funds will be allocated to each school system based on the State <br />Department of Public Instruction planning allocation which is the same method used to allocate <br />current expense appropriation. <br />H. Planning Period <br />During each fiscal year, the Board of Commissioners shall adopt a ten year Capital Improvements <br />Plan. The ten year plan shall include anticipated County capital expenditures costing $30,000 or <br />more (excluding equipment) and anticipated school capital expenditures costing $50,000 or more <br />(excluding equipment). Equipment costing $1,000 or more can be considered as part of the Capital <br />Improvements Plan. The first year of the adopted Ten Year Capital Improvements Plan shall be <br />incorporated into the next annual operating budget recommended by the County Manager. <br />CIEP Appendix A - 3 <br />