Minutes - 19961014 - Laserfiche WebLink

Browse Search

APPROVED 11 /19/96 MINUTES ORANGE COUNTY BOARD OF COMMISSIONERS ORANGE COUNTY SCHOOL BOARD CHAPEL HILUCARRBORO SCHOOL BOARD SCHEDULED MEETING OCTOBER 14, 1996 The Orange County Board of Commissioners met in joint session with members of the Orange County School Board and the Chapel Hill-Carrboro City School Board on Monday, October 14, 1996 at 7:00 for a tour of the McDougle Elementary School with the regularly scheduled meeting starting at 7:30 p.m. COUNTY COMMISSIONERS PRESENT: Acting Chair Stephen Halkiotis, and Commissioners William L. Crowther, Alice M. Gordon and Don Willhoit. COUNTY COMMISSIONERS ABSENT: Chair Moses Carey, Jr. COUNTY ATTORNEY PRESENT: Geoff Gledhill ORANGE COUNTY SCHOOL BOARD MEMBERS PRESENT: Bob Bateman, Chair, and members Susan Dovenbarger, David Kolbinsky, Keith Cook, Delores Simpson and Larry Haverland ORANGE COUNTY SCHOOL BOARD MEMBER ABSENT: Richard Kennedy CHAPEL HILL-CARRBORO SCHOOL BOARD MEMBERS PRESENT: Mark Royster, Chair,. and members Harvey Goldstein, Mary Bushnell, Ken Touw and Nicholas Didow CHAPEL HILL-CARRBORO SCHOOL BOARD MEMBER ABSENT: Bea Hughes Werner COUNTY STAFF PRESENT: County Manager John M. Link, Jr., and Assistant County Manager Rod Visser, Finance Director Ken Chavious, Deputy Clerk Kathy Baker, and Budget Director Sally Kost. MEETING CALLED TO ORDER The meeting was called to order by Vice-Chair of the Commissioners Stephen H. Halkiotis. 1. REPORT ON LONG TERM SCHOOL CAPITAL FUNDING: Budget Director Sally Kost presented a brief overview of long-term School Capital Funding options. She highlighted the major new facilities in the 1996-2006 Capital Improvements Plan. Those facilities include a new CHCCS Middle School and an East CH High addition and for the Orange County School Systems new Elementary School. Current capital and debt service funding sources are: (1) the one half cent sales taxes revenue; (2) property taxes, including $800,000 to pay the 1977 bond debt service with the remaining amount used for School capital projects, the equivalent of 2.7 cents on the tax rate, the amount of the debt service on the bonds authorized by the voters in 1992, $50,000 for human services automation, and funds for the utilities extension fund; (3) Impact Fees; and (4) Public School Building Fund (state funds). Current policy is that sales tax revenue is split between County and School projects and then general obligation debt is paid. Funds are then allocated to each School System based on 10th day enrollment (adjusted every two years). After allocated between the two school systems, the amount of the private placement debt service is paid. Under the proposed policy, all debt service, including general obligation debt and private placement debt for both School and County projects is subtracted before any of the funds are allocated for capital projects..