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Attachment 2
<br />APPROVED - Schools Capital Projects Summary
<br />Fiscal Years 2013 -18
<br />Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br />Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br />Proiects by School Svstem 2012 -13 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18 Total Year 10
<br />Chapel Hill Carrboro City Schools
<br />Long Range Capital
<br />Pay -As- You -Go Funds X11
<br />Lottery Proceeds "2I
<br />Culbreth MS Science Wing Addition
<br />Middle School #5
<br />Carrboro HS Additions
<br />Elementary # 12
<br />QSCBs
<br />Elementary # 11
<br />Total
<br />Orange County Schools
<br />Long Range Capital
<br />Pay -As- You -Go Funds ?�
<br />Lottery Proceeds r2)
<br />OSCBs
<br />Elementary #8
<br />Cedar Ridge HS Auxilliary Gym
<br />Cedar Ridge HS Classroom Wing
<br />Total
<br />Total all Schools
<br />Revenues/Funding Source
<br />2,290,782 2,290,782 2,325,144 2,360,021 2,395,421 2,431,353 11,802,720 12,714,884
<br />815,000 839,960 839,960 839,960 839,960 839,960 4,199,800 4,199,800
<br />600,000 3,854,042 517,634 4,971,676
<br />1,168,474 6,686,266 7,854,740 31,995,940
<br />19,743,948
<br />35,476,053
<br />21,500,000
<br />24,605,782 3,730,742 7,019,146 3,717,615 4,403,855 9,957,579 28,828,936 104,130,625
<br />1,434,067 1,434,067 1,455,578 1,477,412 1,499,573 1,522,066 7,388,696 7,959,722
<br />506,350 513,851 513,851 513,851 513,851 513,851 2,569,255 2,569,255
<br />21,478,200
<br />3,328,750 - 3,328,750
<br />12,282,960 12,282,960
<br />1,940,417 5,276,668 1,969,429 14,274,223 2,013,424 2,035,917 25,569,661 32,007,177
<br />26.546.199 9.007.410 8.988.575 17.991.838 6,417,279 11,993,496 54,398,597 136,137,802
<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 />3,928,750
<br />3,854,042
<br />12,800,594
<br />1,168,474
<br />6,686,266
<br />28,438,126
<br />108,694,141
<br />QSCBs
<br />9.007.410
<br />8.988.575
<br />17.991.838
<br />6.417,279
<br />11,993,496
<br />54,398,597
<br />136,137,802
<br />26.546.199
<br />Note 1: The Article 46 one quarter cent sales tact 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 />III 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.
<br />NOTE: additional PAYG funding was approved in FY 2012 -13 to reflect savings in debt service in FY 2012 -13.
<br />I2I 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).
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