Orange County NC Website
Browse       Search
K <br />year towards this purchase. With this down payment, $231,026 can be removed from this <br />project in FY 2013 -14. <br />Attachment E reflects updated County Debt Service and Debt Capacity tables based on the <br />above project scenario changes. Based on these possible changes, the County's annual debt <br />service as a percent of the General Fund budget would remain under 15% through the five -year <br />CIP period. NOTE: FY 2018 -19 (Year 6) would reach 15.86 %, or $1,705,495 over the Debt <br />Service Capacity. <br />Attachment F reflects updated CIP Summaries based on the above project scenario changes. <br />FINANCIAL IMPACT: There is no immediate financial impact associated with the FY 2013 -18 <br />Capital Investment Plan. It is a long -range financial planning tool with a financial impact in FY <br />2013 -14, if the first year of the CIP is approved by the Board of County Commissioners with the <br />adoption of the Annual Operating Budget. <br />RECOMMENDATION(S): The Manager recommends the Board of County Commissioners <br />continue their review and discussion of the Manager's Recommended FY 2013 -18 Capital <br />Investment Plan and provide direction to staff. <br />