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APPROVED 11/17/2009 <br /> MINUTES <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> BUDGET WORK SESSION <br /> October 27, 2009 <br /> 7:00p.m. <br /> The Orange County Board of Commissioners met for a budget work session on Tuesday, <br /> October 27, 2009 at 7:00 p.m. at the Southern Human Services Center in Chapel Hill, N.C. <br /> COUNTY COMMISSIONERS PRESENT: Chair Valerie P. Foushee, and Commissioners Alice <br /> Gordon, Pam Hemminger, Barry Jacobs, Mike Nelson, Bernadette Pelissier, and Steve Yuhasz <br /> COUNTY COMMISSIONERS ABSENT: <br /> COUNTY ATTORNEYS PRESENT: John Roberts <br /> COUNTY STAFF PRESENT: County Manager Frank Clifton and Clerk to the Board Donna S. <br /> Baker (All other staff members will be identified appropriately below) <br /> 1. Discussion of Capital Project Funding <br /> Frank Clifton said that Gary Humphreys would present the projection analysis for capital <br /> project funding. <br /> Financial Services Director Gary Humphreys presented this PowerPoint presentation. <br /> Capital Funding Update <br /> 2010-11-2019-20 <br /> Topics to be Discussed <br /> - Status of funds allocated for unmet project funding <br /> - Review of known impacts on 2011-2011 Budget <br /> - Review prior capital funding allocation <br /> - Funding required to meet existing capital commitments <br /> - Listing of projected new financings <br /> - Review of debt capacity projections <br /> Manager's two year plan adopted by the Board on February 3, 2009 addressed <br /> additional capital funding needed. <br /> •$5.9 million to be appropriated from the General Fund over 2 years and $580,000 from School <br /> Capital Reserve Fund. <br /> •$3.5 million General Fund appropriation on March 3, 2009 and $580,000 from School Capital <br /> Reserve <br /> •Project amendments for over budget projects adopted June 16,2009 <br /> •Meetings with the two School Systems have resolved project funding for the School Capital <br /> Outlay Fund. <br /> •Project ordinance amendments for the School Capital Outlay Fund scheduled for the <br /> November 5 Board meeting along with the appropriation of$724,000 of the $2.4 million <br /> scheduled to be appropriated in 2009-10. <br />