Orange County NC Website
Browse       Search
ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: November 17, 2011 <br />Action Agenda <br />Item No. ~_ <br />SUBJECT: Summary of Financial Implications to Provide Emergency Services Coverage, <br />Capacity and System Improvements <br />DEPARTMENT: Emergency Services PUBLIC HEARING: (Y/N) No <br />ATTACHMENTS: <br />Spreadsheet <br />INFORMATION CONTACT: <br />F. R. Montes de Oca: 919-245-6100 <br />Michael Talbert: 919-245-2153 <br />Clarence Grier: 919-245-2453 <br />PURPOSE: To provide to the Board with a summary of the financial impact to provide <br />Emergency Services Coverage, Capacity and System Improvements. <br />BACKGROUND: Agenda abstract items 1-3 have outlined the Recurring Capital, Capital <br />Investment and Human Resource needs to improve the Orange County Emergency Services <br />Delivery System. <br />FINANCIAL IMPACT:. There is a substantial Financial Impact to make comprehensive <br />improvements to the Emergency Services Delivery System. Detail studies are not yet complete <br />and are needed to finalize the true financial impact. See the Attached Spreadsheet to provide a <br />projection of Capital and Operating Budget impacts. <br />Capital Investment Plan technology equipment has a useful life of five years and would be <br />financed for that term, while capital improvements are planned to be financed over fifteen years. <br />Municipal financing rates are expected to remain between 2 and 3 percent. <br />RECOMMENDATION(S): The Manager recommends that the Board receive this financial <br />impact summary as information only. The financial impact will be updated with the presentation <br />of the Capital Investment Plan and Fiscal 2012/13 Annual Budget. <br />