Orange County NC Website
4 <br />achieve full funding. During those times, Commissioners may find it <br />necessary to depart from the Policy." <br />To date, Commissioners have funded the equivalent of 2 cents for <br />schools recurring capital and no monies for County recurring capital. <br />Long-Range Capital -supports school capital projects through the County's <br />Capital Investment Plan (CIP). Capital projects are funded through a <br />combination of State and local bonds, non-bond financing and pay-as-you-go <br />funding sources. Pay-as-you-go funding includes dedicated half-cent sales tax <br />revenues and property tax earmarked under the Board's April 2007 Capital <br />Funding Policy. The Capital Policy also allows for North Carolina Public School <br />Building Capital funds and School Construction Impact Fees to offset School <br />related debt service. Similar to Local Current Expense funding, the amount of <br />money counties allocate to long-range capital expenditures is discretionary and <br />varies from county to county. <br />School Related Debt Service -repayment of principal and interest on School <br />related debt including general obligation bonds and private placement loans. <br />North Carolina statutes require counties to pay for school related capital items <br />such as acquisition and construction of facilities. In instances where counties <br />borrow monies to pay for such items, the State mandates counties to repay the <br />debt. The amount of money counties borrow for school related projects is <br />discretionary and varies from county to county. <br />Fair Funding -monies, split equally between the two school districts, to offset <br />costs of safety and health services such as School Resource Officers and <br />School Social Workers. The State does not mandate counties to provide <br />funding for these resources. <br />It is important to note, the 48.1 % target only includes funding for the items identified above - <br />current expense, recurring capital, long-range capital, school related debt service and fair <br />funding. It does not include additional non-mandated County financial support Orange County <br />Commissioners commits to schools. Examples of such appropriations include supplementing <br />state funding for school health nurses in order to staff each school with at least one school <br />health nurse. Recommended funding for this contractual agreement between the County <br />Health Department and each school district totals $617,732 for FY 2009-10. This <br />agreement/contract has been in place since 2001. In addition, County departments provide a <br />number of services and programs to each <br />school district. An grange County Financial Support to Chapel example of such a <br />program is the Hill Carrboro City and Orange County Schools Tobacco Cessation <br />program operated FY 2009-10 Recommended Budget through the Orange <br />County Health <br />County also financially <br />agencies such as <br />Schools that provide <br />for middle school <br />The chart below <br />County's financial <br />school districts. <br /> Total <br />Current Ex ense $58,508,208 <br />Recurrin Ca ital $3,000,000 <br />Lon -Ran e Ca ital $4,311,827 <br />School Related Debt Service $18,616,833 <br />Fair Fundin $988,000 <br />School Health Nurses $617,732 <br />School Social Workers $572,000 <br />School Resource Officers $500,000 <br />Proceeds from CHCCS Special <br />District Tax 18 721 785 <br />$ ' <br />Department. The <br />supports non-profit <br />Communities in <br />after school programs <br />students. <br />summarizes Orange <br />supportto the two <br />