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<br /> Attachment B
<br /> APPROVED-Schools Capital Projects Summary
<br /> Fiscal Years 2012-17
<br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br /> Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br /> Projects by School System 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Total Year 10
<br /> Chapel Hill Carrboro City Schoo/s
<br /> Long Range Capital
<br /> Pay-As-You-Go Funds�'� 1,607,615 2,290,782 2,325,144 2,360,021 2,395,421 2,431,353 11,802,720 12,714,882
<br /> LotteryProceeds�2� 839,629 815,000 815,000 815,000 815,000 815,000 4,075,000 4,075,000
<br /> QSCBs
<br /> Elementary#11 663,196 21,500,000 21,500,000
<br /> Total 3,110,440 24,605,782 3,140,144 3,175,021 3,210,421 3,246,353 37,377,720 16,789,882
<br /> Orange County Schoo/s
<br /> Long Range Capital
<br /> Pay-As-You-Go Funds �'� 1,021,354 1,434,067 1,455,578 1,477,412 1,499,573 1,522,066 7,388,696 7,959,724
<br /> LotteryProceeds �2� 524,292 506,350 506,350 506,350 506,350 506,350 2,531,750 2,531,750
<br /> OSCBs 5,269,440
<br /> Cedar Ridge HS Auxilliary Gym 10,175,000 10,175,000
<br /> Cedar Ridge HS C/assroom Wing 13,860,000 13,860,000
<br /> Total 6,815,086 1,940,417 1,961,928 12,158,762 15,865,923 2,028,416 33,955,446 10,491,474
<br /> Total all Schoo/s 9,925,526 26,546,199 5,102,072 15,333,783 19,076,344 5,274,769 71,333,166 27,281,356
<br /> Revenues/Funding Source
<br /> General Fund(Pay-As-You-Go) 2,628,969 3,724,849 3,780,722 3,837,433 3,894,994 3,953,419 19,191,416 20,674,606
<br /> LotteryProceeds 1,363,921 1,321,350 1,321,350 1,321,350 1,321,350 1,321,350 6,606,750 6,606,750
<br /> DebtFinancing 663,196 21,500,000 10,175,000 13,860,000 45,535,000
<br /> QSCBs 5,269,440
<br /> 9,925,526 26,546,199 5,102,072 15,333,783 19,076,344 5,274,769 71,333,166 27,281,356
<br /> Note 1: The Article 46 one quarter cent sales tax proceeds for schools($1,250,000 annually) is included in the Special Revenue Projects section of the
<br /> CIP.
<br /> Note 2: School Construction is guided by the Schools Adequate Public Facilities Ordinance(SAPFO) projections of capacity and need.
<br /> �'�Pay-As-You-Go funds are assumed at a 1.5%annual growth throughout the 5 year CIP period. NOTE:additional PAYG funding is recommended in FY
<br /> 2012-13 to reflect savings in debt service in FY 2012-13.
<br /> �z�Lottery Proceeds are assumed at the same amount from the State throughout the 5 year CIP period. The funds will be distributed on the basis of each
<br /> school systems Average Daily Membership.
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