Orange County NC Website
o Final Accounting Phase — Upon completion of the project, school and county 2 <br />staff <br />will reconcile actual project expenditures with approved budget and provide the <br />BOCC with a "final accounting" of the project. <br />Many of the Level 1 capital project ordinances approved by the Board in June did not involve <br />new funding appropriations, but merely extended the project timelines through June 30, 2006. <br />Other County and school projects received new funding for the current fiscal year where <br />appropriations needed to be in place in order to accomplish work during summer 2005. <br />At the September 13, 2005 Board work session, Commissioners approved fiscal year 2005 -06 <br />County capital funding appropriations along with 2004 two- thirds net debt reduction bond <br />allocations for County capital projects. Both school systems have requested Commissioner <br />approval of the remaining Level 1 projects that the Board deferred in June. <br />As stated earlier, approval of Level 2 projects, those projects that require several phases to <br />complete, will be requested at the appropriate times in accordance with the Board's adopted <br />School Planning and Funding Policy over the life of the major project. Examples of Level 2 <br />projects include OCS Middle School #3 and CHCCS High School #3. <br />With regard to County owned vehicles and equipment, the County has historically funded those <br />through its ten year Capital Investment Plan (CIP). Examples of the types of purchases made <br />with annually appropriated monies include replacement of some portion of the Sheriff's vehicle <br />fleet and Emergency Services vehicles, including ambulances, as well as replacement of other <br />County department vehicles and major equipment (not including Information Technology - related <br />equipment). <br />For the current fiscal year, the BOCC- approved CIP includes plans to purchase County <br />equipment and vehicles through a combination of alternative financing arrangements as well as <br />pay -as- you -go- funding. Over the coming months, the Manager and Budget Staff will work with <br />individual departments to explore various options for meeting departmental equipment and <br />vehicle needs. The Manager will approve all individual vehicle and equipment purchases prior <br />to the items being ordered. At this time, staff anticipates the need to pursue funding <br />arrangements that include a thirty -six month period and another for a period of fifty -nine <br />months. The life expectancy and cost of the equipment or vehicle would determine whether it <br />was financed for the shorter or longer -term period. Staff also plans to explore options for <br />alternative fuel vehicles and incorporate those options as feasible. <br />FINANCIAL IMPACT: The financial impact is included on the individual County and School <br />capital project ordinances. <br />RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners <br />approve the attached County and School Capital Project Ordinances. <br />