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ORANGE COUNTY <br />• BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: March 17, 2011 <br />Action Agenda <br />Item No. 1 <br />SUBJECT: Work Session to discuss the Manager's Recommended 2011 — 2016 Capital <br />Investment Plan (CIP). <br />DEPARTMENT: Manager & Financial Services PUBLIC HEARING: (YIN) No <br />ATTACHMENT(S): <br />Attachment 1: Manager Recommended <br />Orange County Capital <br />Investment Plan. <br />INFORMATION CONTACT: <br />Frank Clifton, County Manager, <br />245 -2300 <br />Clarence Grier, <br />(919) 245 -2453 <br />Michael Talbert, <br />(919) 245 -2153 <br />Financial Services, <br />Financial Services, <br />•PURPOSE: To review and discuss the Manager's Recommended Orange County Capital <br />Investment Plan. <br />BACKGROUND: For over 20 years the County has produced a Capital Improvement Plan that <br />establishes a program of improvements for the County as well as Schools. The CIP was <br />originally prepared as a 5 year planning document that was re- evaluated annually to include <br />year -to -year changes in priorities, needs, and available resources. Over the years, the CIP <br />evolved to a 10 year plan and the name was changed to the Capital Investment Plan. The CIP <br />has evolved over the years to also include a Capital Funding Policy and Debt Management <br />Policy. The 2008 -18 Capital Investment Plan was the most recent 10 year CIP approved by the <br />Board. <br />The BOCC has approved format changes to the County's CIP that make the plan a <br />comprehensive county -wide plan. Outlined below are format changes approved by the Board: <br />1. Migrating back to a 5 year plan from the existing 10 year CIP. <br />2. Changing the presentation date of the CIP to the Board to March. <br />3. Including County Capital, Proprietary Funds, and Schools Capital into one CIP. <br />4. Including a schedule of Active County Capital Projects. <br />• 5. Including Capital Reserve Balances. <br />6. Including a Debt Service and Debt Capacity Schedule. <br />