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pay-as-you-go. When the Board adapted the current policy, this debt went away from CHCCS and was absorbed into the County's debt. In questions to Donna Dean, Commissioner Gordon verified that the bond and alternative financing for High School #3 was $17.5 million and verified that CHCCS was using some of their impact fees to pay for High School #3. Commissioner Jacobs made reference to option 4, which has Total OCS of $2.8 million and in option 5C it goes down to $2.15 million. He asked if the difference would go into the general fund and Donna Dean said yes. Chair Carey said that it would be subject to the County Commissioners every year to decide how the funds would be used, as well as the school boards. Commissioner Jacobs said that this could help the schools some with operations. John Link said that the general fund could be used for any purpose. Commissioner Gordon pointed out that in the next couple of years, the County is at its debt capacity and also that the $12.8 million far Elementary School #10 will probably have to increase, because it will be in the future and the costs will rise. John Link said that this tracks back to getting a construction standard. Chair Carey said that this is supposed to be discussed at the joint meeting with the school boards. Chair Carey said that at the last meeting, the Board indicated a desire to review the basic assumptions that the staff included in these options. Donna Dean said that Greg Wilder put something in a Q&A format. The Board decided to read this document at home. The document will also be provided to the school boards. Commissioner Jacobs asked for a list of the school capital projects, with the costs included. Rod Visser said that they see this as being part of the broader CIP process, which would be later in May or early in June. Commissioner Halkiotis suggested putting all of this information in an orderly format in a notebook for the school boards next week. Commissioner Gordon said that if the County Commissioners are trying to decide how to allocate the capital dollars, then they need to see the list of the school projects with dollar amounts. Chair Carey said that, depending on how much money is allocated to the schools, their priorities might change. The County Commissioners need to tell the schools how much money they have so that they can make the priorities and decide how to spend the money. John Link said that, far the coming year, the Orange County amount could range anywhere from $3.6 to $5.2 million. He will be focusing on what the lowest amount would accomplish. He is puzzled as to why others cannot do the same thing. He thinks that an educated guess could be made. Discussion ensued an when the priority lists with dollar amounts could be brought back. Donna Dean said that the timeline has the school CIPs back by June 7cn John Link pointed out that items 6, 7, and 8 an the Q&A document are policy decisions that need to be made at some point. The staff will make a recommendation if the Board desires. The Board agreed to have the staff make a recommendation. Commissioner Gordon asked more clarifying questions about the peak debt service, which were answered by Donna Dean. Finance Director Ken Chavious said that philosophically there is peak debt, but technically there is not, because the County has been issuing debt. The debt has not peaked yet. Commissioner Halkiotis asked how much debt the County was still working on and Donna Dean said debt from the bonds of 1988, 1992, 1997, and 2001. Commissioner Halkiotis suggested that someone take a picture of some classrooms at Durham Tech and show them to the school boards to show what Spartan learning and teaching conditions look like.