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3 <br />Appendices <br />County Debt Service and Debt Capacity — General Fund only (CIP Pages 101 -102) and Water <br />and Sewer Debt Projects (CIP page 105) — includes all the project revisions mentioned above, <br />as well as changes from Pay -As- You -Go (PAYG) funding to debt financing. The original PAYG <br />amount for County projects in the General Fund for FY 2013 -14 (Year 1) was $1,345,000, and <br />the revised amount is $620,000, leaving $725,000 to be debt financed by the General Fund in <br />FY 2013 -14 (these projects are HVAC, Roofing, and Information Technology). The original <br />PAYG amount for Water and Sewer Projects in the Proprietary Fund for FY 2013 -14 (Year 1) <br />was $275,000, and the revised amount is $0, leaving $275,000 to be debt financed with Article <br />46 Sales Tax proceeds (these projects are Buckhorn EDD Phase 2 Extension - Efland Sewer <br />Flow to Mebane and Eno EDD). <br />CIP Summaries <br />The following revised CIP Summaries incorporate all the project revisions mentioned above: <br />Overall Capital Investment Plan Summary (CIP pages 1 -2), County Capital Projects Summary <br />(CIP pages 9 -10), County Capital Operating Impact Summary (CIP pages 11 -12) <br />NOTE: In addition to the project revisions mentioned above, there is another project revision <br />that is needed. In the Proprietary section of the CIP, the Sanitation project (Page 72) within <br />Solid Waste needs to be revised to reflect deferring the replacement of a Hook Lift truck of <br />$197,090 in FY 2013 -14 (Year 1). In formulating the FY 2013 -14 Manager's Recommended <br />Operating Budget, the decision to defer this expense resulted in a reduction in the amount of <br />the General Fund's contribution to Sanitation operations in FY 2013 -14. (See Revisions to CIP <br />Pages 70 and 72 and Overall Capital Investment Plan Summary Pages 1 -2). <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 Budget. <br />RECOMMENDATION(S): The Manager recommends the Board of County Commissioners <br />continue their discussion of the FY 2013 -18 County's Capital Investment Plan and provide <br />direction to staff. <br />