Agenda - 06-14-2011 - 1 - Laserfiche WebLink

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ORANGE COUNTY • BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 14, 2011 Action Agenda Item No. 1 SUBJECT: Accept and Approve the Five Year Capital Investment Plan and Adopt the capital project budget of $2,857,000 for the FY 2011/12 County Capital Projects Fund. DEPARTMENT: Financial Services PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Attachment 1: Recommended Projects Clarence Grier, (919) 245-2453 CIP FY 2011-12 Michael Talbert, (919) 245-2153 Attachment 2: CIP Replacement Pages 1 & 53 PURPOSE: To accept and approve the 2011-16 Orange County Five Year Capital Investment Plan and Adopt the capital project budget of $2,857,000 for FY 2011-12 County Capital . Projects Fund. BACKGROUND: For over 20 years the County has produced a Capital Improvement Plan that establishes a program of improvements for the County as well as Schools. The CIP was originally prepared as a 5 year planning document that was re-evaluated annually to include year-to-year changes in priorities, needs, and available resources. Over the years, the CIP evolved into a 10 year plan and the name was changed to the Capital Investment Plan. The CIP has evolved over the years to also include 'a Capital Funding Policy and Debt Management Policy. The 2008-18 Capital Investment Plan was the most recent 10 year CIP approved by the Board. The BOCC has approved format changes to the County's CIP that make the plan a comprehensive county-wide plan. Outlined below are format changes approved by the Board: 1. Migrating back to a 5 year plan. from the existing 10 year CIP. 2. Changing the presentation date of the CIP to the Board to March. 3. Combining County Capital, Proprietary Funds, and Schools Capital into one CIP. 4. Including a schedule of Active County Capital Projects. 5. Including Capital Reserve Balances. . • 6. Including a Debt Service and Debt Capacity Schedule.