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Elementary School #10 in 2006-2007 at $13.9 million, Middle School #5 in 2008-2009 at $20.7 million, new central office space in 2008-2009 at $5.8 million, conversion of Lincoln Center to high school space in 2009-2010 at $11.1 million, Elementary School #11 at 2012-2013 at $17.5 million, and renovations to Culbreth and McDougle Middle Schools at $3.2 million. The total additional funding beyond what is currently programmed in the CIP is $78.8 million, bringing the total request in CIP funding to $136.9 million. The total of funded projects for OCS is $24.1 million over the ten-year period. Also identified is Middle School #3 in 2006-2007 at $18.5 million, flooring replacement at $582,000; additional renovations for Hillsborough Elementary at $857,000; HVAC replacements at $213,098; Pathways all weather playground at $68,000; roofing projects at $147,077; and technology at $233,502. The total unfunded requested CIP funding is $2.1 million, bringing the total CIP request to $44.7 million. For Orange County Government, the projects that do not require funding beyond currently programmed pay-as-you-go funds or debt financing total $84.2 million. The projects that are unfunded total $46.8 million and include animal shelter/animal control facility at $2.3 million, County park sites and future development at $28 million, emergency communications and infrastructure at $10 million, emergency management and emergency operating center at $2 million, equipment and record storage at $1 million, Heritage Center at $450,000, and Northern Human Services Center at $3 million. The total County CIP is $131 million. The identified unfunded needs for the County and the two school systems total $127.7 million. Rod Visser said that the Board asked that the staff bring back an explanation of the County's overall debt capacity for the 2003-2013 CIP period. The staff felt that the examination needed to include all outstanding long-term debt that had been incurred prior to 2002-2003, in other words, all of the County's existing debt. He spoke generically about debt capacity. The legal debt capacity for the County would be three- quarters of a billion dollars. The County's total outstanding debt as of this June will be $145 million. The County is nowhere near the legal debt capacity. However, there are self-imposed limitations in the County's Debt Management Policy. The policy adopted in 1998 established this threshold at 15%. Donna Dean explained the chart entitled, County's Annual Debt Service Projections. She pointed out that historically the Board has gone to citizens every three or four years for bonds, and therefore the Board may want to consider this when discussing the debt capacity. Jahn Link said that the Board needs to determine which projects are going to be in the green area above the red line {above the debt capacity) and not be funded. This needs to be decided now and not in 2005-2006. He made reference to the comments by Superintendent Neil Pedersen that the additional funding of $6 million for the third high school would not make a significant difference in the County's total debt service picture. He said that this is true in itself, but the Board needs to decide which $6 million is not going to be funded. Before the Board addresses any of these, he wants everyone to be comfortable with the big picture. Commissioner Jacobs asked if there was a comfort level with the Board as to haw much to subordinate County facilities to school projects. He would like to discuss whether the Board wants to continue the trend of being almost 50-50 with the budget. Commissioner Halkiatis said that, as a Superintendent, he would have said the same thing that Superintendent Pederson said about $6 million not making a big