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John Link said that the interest earning comes from bonds that have been sold far which we have received interest. When Cedar Ridge High School opens next September, this approximate $485,000 will be able to be used for capital, but not operating costs. Donna Dean said that there would be an increase in expenditures for Medicaid from $300,000 to $700,000. Challenges beyond fiscal year 2002-2003 include equity of funding far both school districts, opening of three new schools over the next five years, relationship of pre-K programs in schools with adopted school construction standards, operational costs of Durham Technical Community College satellite campus, state initiatives to restructure mental health, solid waste alternative financing, and public safety initiatives including communications infrastructure and EMS transportation. Commissioner Gordon said that if we are talking about equity in funding we have to talk about equity in all aspects-operating and capital. Commissioner Halkiotis made reference to the relationship of pre-K programs in schools with Board of County Commissioners' adapted school construction standards and asked how this relationship would also affect capacity numbers and if this is an unfunded mandate from the State. Commissioner Halkiotis asked about the operating costs per year for Durham Tech and Rod Visser said that the cost would be $422,000, which will increase with inflation. Commissioner Brown indicated that it does not cost that much for the Skills Development Center and it serves more people than the Durham Tech satellite campus in Durham County. John Link said that his intent is to keep the operational costs as low as possible. Whatever the County Commissioners agree to as the County's responsibility far operational costs will be the basis for the future. Commissioner Halkiotis asked what the operational costs were for the Skills Development Center and he was told that this information will be forthcoming. Commissioner Gordon asked that when the staff provides information for the public hearing for the Durham Tech campus that all costs be included. The County must do a resolution of intent, which is binding and before doing that a public hearing will be held. The County Commissioners asked for information on the public safety initiatives, including communications infrastructure and EMS transportation and documentation on what this is. 3. BOND AND ALTERNATIVE FINANCE CAPITAL SPENDING Donna Dean said that this is a brief overview of the plan that was heard at the Board of County Commissioners' meeting on December 11t". The plan includes $112.7 million over afive-year period, which includes $75 million approved by the voters plus $37.7 million (one million higher than December 11t" proposal, because of accidental short funding of DTCC}. The proposal has a maximum tax impact of 7.1 cents. The peak occurs in fiscal year 2008-09. The proposal meets the mast pressing capital needs in the near future such as additional classroom space and improving learning environments for children. In the first year, starting July 2002, funds would be available for Chapel Hill Elementary #9, renovations at Hillsborough Elementary, and air quality issues at Hillsborough Elementary and Chapel Hill High. Alternative financing will address renovations of current school facilities and expansion of high school space far Chapel Hill-Carrboro or planning for High School #3.