Agenda - 06-21-2011 - 8a - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 21, 2011 Action Agenda Item No. 8 ~ q SUBJECT: Approve the FY2011-16 Orange County Capital Investment Plan DEPARTMENT: Financial Services PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Attachment 1: County Capital Recommended Projects Attachment 2: Manager's Recommended FY2011-16 Capital Investment Plan (Previously Provided Under Separate Cover - 5/17/11) INFORMATION CONTACT: Clarence Grier, (919) 245-2453 Michael Talbert, (919) 245 2153 PURPOSE: To approve the FY2011-16 Orange County Capital Investment Plan. BACKGROUND: For over 20 years, the County has produced a Capital Improvement Plan (CIP) 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 continued to evolve over the years to also include the Capital Funding Policy and Debt Management Policy. The FY2008-18 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 $oard 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.