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<br />Note 1: The Article 46 one quarter cent sales tax proceeds for schools is included in the Special Revenue Projects section of the CIP.
<br />Note 2: School Construction is guided by the Schools Adequate Public Facilities Ordinance (SAPFO) projections of capacity and need.
<br />(1) Pay -As- You -Go funds reflect same funding in FY 2013 -14 as in FY 2012 -13, and assumes a 1.5% annual growth throughout the 5 year CIP period. NOTE:
<br />additional PAYG funding was approved in FY 2012 -13 to reflect savings in debt service in FY 2012 -13.
<br />(2) Lottery Proceeds are assumed at the same amount throughout the 5 year CIP period, based on the most recent lottery estimates from the State. The
<br />funds will be distributed on the basis of each school system's Average Daily Membership (ADM). Revised CIP page 84
<br />Schools Capital Projects Summary - (REVISED 04/30/13)
<br />Attachment C
<br />Fiscal Years 2013 -18
<br />Current
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Year 5
<br />Five
<br />Year 6
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Year
<br />to
<br />Projects by School System
<br />2012 -13
<br />2013 -14
<br />2014 -15
<br />2015 -16
<br />2016 -17
<br />2017 -18
<br />Total
<br />Year 10
<br />Chapel Hill Carrboro City Schools
<br />Long Range Capital
<br />Pay -As- You -Go Funds(')
<br />2,290,782
<br />2,290,782
<br />2,325,144
<br />2,360,021
<br />2,395,421
<br />2,431,353
<br />11,802,720
<br />12,714,884
<br />Lottery Proceeds(2)
<br />815,000
<br />839,960
<br />839,960
<br />839,960
<br />839,960
<br />839,960
<br />4,199,800
<br />4,199,800
<br />Culbreth MS Science Wing Addition
<br />600,000
<br />3,854,042
<br />517,834
<br />4,971,876
<br />Middle School #5
<br />1,168,474
<br />6,685,266
<br />7,853,740
<br />31,995,940
<br />Carrboro HS Additions
<br />19,743,948
<br />Elementary # 12
<br />35,476,053
<br />QSCBs
<br />Elementary # 11
<br />21,500,000
<br />-
<br />3,730,742
<br />7,019,146
<br />3,717,815
<br />4,403,855
<br />9,956,579
<br />28,828,136
<br />104,130,625
<br />Total 24,605,782
<br />Orange County Schools
<br />Long Range Capital
<br />Pay-As-You-Go Funds (1)
<br />1,434,067
<br />1,434,067
<br />1,455,578
<br />1,477,412
<br />1,499,573
<br />1,522,066
<br />7,388,696
<br />7,959,722
<br />Lottery Proceeds (2)
<br />506,350
<br />513,851
<br />513,851
<br />513,851
<br />513,851
<br />513,851
<br />2,569,255
<br />2,569,255
<br />OSCBs
<br />Elementary #8
<br />21,478,200
<br />Cedar Ridge HS Auxilliary Gym
<br />3,328,750
<br />3,328,750
<br />Cedar Ridge HS Classroom Wing
<br />12,282,960
<br />12,282,960
<br />1,947,918
<br />5,298,179
<br />14,274,223
<br />2,013,424
<br />2,035,917
<br />25,569,661
<br />32,007,177
<br />Total 1,940,417
<br />Total all Schools
<br />26,546,199
<br />5,678,660 12,317,325 17,992,038 6,417,279 11,992,496 54,397,797
<br />136,137,802
<br />Revenues /Funding Source
<br />General Fund (Pay -As- You -Go)
<br />3,724,849
<br />3,724,849
<br />3,780,722
<br />3,837,433
<br />3,894,994
<br />3,953,419
<br />19,191,416
<br />20,674,606
<br />Lottery Proceeds
<br />1,321,350
<br />1,353,811
<br />1,353,811
<br />1,353,811
<br />1,353,811
<br />1,353,811
<br />6,769,055
<br />6,769,055
<br />Debt Financing
<br />21,500,000
<br />600,000
<br />7,182,792
<br />12,800,794
<br />1,168,474
<br />6,685,266
<br />28,437,326
<br />108,694,141
<br />QSCBs
<br />-
<br />Note 1: The Article 46 one quarter cent sales tax proceeds for schools is included in the Special Revenue Projects section of the CIP.
<br />Note 2: School Construction is guided by the Schools Adequate Public Facilities Ordinance (SAPFO) projections of capacity and need.
<br />(1) Pay -As- You -Go funds reflect same funding in FY 2013 -14 as in FY 2012 -13, and assumes a 1.5% annual growth throughout the 5 year CIP period. NOTE:
<br />additional PAYG funding was approved in FY 2012 -13 to reflect savings in debt service in FY 2012 -13.
<br />(2) Lottery Proceeds are assumed at the same amount throughout the 5 year CIP period, based on the most recent lottery estimates from the State. The
<br />funds will be distributed on the basis of each school system's Average Daily Membership (ADM). Revised CIP page 84
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