Orange County NC Website
Browse       Search
27 <br /> Appendix E. Impact on Orange County Schools Capital <br /> Improvements Plan when debt service on Private Placement <br /> Financing for a new high school is paid from these funds <br /> Debt Service on $12.5M for the OCS High School project would be about $1.4 <br /> million annually. This exceeds the amount available to the OCS for CIP projects <br /> in the years 1997-98 through 2000-2001. The following table shows how this <br /> debt service amount would impact Capital Improvements Plan projects for the <br /> Orange County Schools: <br /> 00-01 01-02 02-03 03-04 04-05 05-06 06-07 <br /> Available Non-Bond $1,033,947 $1,539,197 $2,125,690 $2,745,237 $3,299,001 $3,937,329 $4,289,570 <br /> Funds <br /> Less Amount of Private $1,372,400 $1,372,400 $1,372,400 $1,372,400 $1,372,400 $1,372,400 $1,372,400 <br /> Placement Debt Service <br /> Net Amount available for ($338,453) $166,797 $753,290 $1,372,837 $1,926,601 $2,564,929 $2,917,170 <br /> Projects <br /> 25 <br />