Agenda - 05-23-2013- 1 - Laserfiche WebLink

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2 BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) that establishes a budget planning guide related to capital needs for the County as well as Schools. The current CIP consists of a 5-year plan that is evaluated annually to include year-to- year changes in priorities, needs, and available resources. The FY 2013-18 CIP includes County Projects, School Projects, Proprietary Projects, and Special Revenue Projects. The Proprietary Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. The Special Revenue Projects include Economic Development and School related projects funded from the Article 46 (1/4 cent) Sales Tax proceeds. The Article 46 Sales Tax was approved by voters in the November 2011 election, and became effective April 1, 2012. The CIP has been prepared anticipating slow economic growth of between 1-2% annually over the next five years. Many of the projects in the CIP will rely on debt financing to fund the projects. The Manager's Recommended FY 2013-18 Capital Investment Plan was presented to the Board of County Commissioners on March 12, 2013, and follow-up discussion occurred as part of the April 11, 2013 work session and May 9, 2013 budget work session. At tonight's meeting, staff is prepared to review and discuss Sections of the document (Special Revenue Fund - Article 46 Sales Tax), and the Proprietary Funds (Water & Sewer, Solid Waste, and Sportsplex) that were not discussed at the May 9t" work session, and continue discussion of other projects, as needed. The following projects were flagged at the May 9t" meeting for possible changes from the Manager's Recommended project funding, and the revised scenarios are provided for review and further discussion at tonight's meeting. • Attachment A reflects a revised HVAC Project by moving $20,000 from FY 2015-16 (Year 3) to FY 2013-14 (Year 1) for HVAC replacement at Efland Community Center. • Attachment B reflects a revised Emergency Services Substations Project by eliminating the $875,000 in FY 2013-14 (Year 1). • Attachment C reflects updated CIP Summaries based on the above project scenario changes. • Attachment D reflects updated County Debt Service and Debt Capacity tables, based on the above project scenario changes, and reflect Debt Service payment projections over a 10 year period. Past versions of the tables only reflected Debt Service payments over a 5 year period. (Note: to be provided under separate cover at the May 21St regular meeting) • Attachment E is the Master Plan for Blackwood Farm Park. (Note: to be provided under separate cover at the May 21St regular meeting) The following projects were flagged and discussed further at the May 9t"meeting, but no funding changes were made: