Agenda - 08-20-1996 - VIII-G - Laserfiche WebLink

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r - 1 Orange County Board of County Commissioners Action Agenda Item No V,X_G o Action Agenda Item Abstract Meeting Date: August 20, 1996 Subject: Budget Amendment# 1 Department Public Hearing Yes No x Budget Office Budget Amendment Needed Yes No x Attachment(s) Information Contact Memo from Grace Holton, Finance Sally Kost ext. 2151 Director, Chapel Hill/Carrboro Telephone and Extension Number City Schools Hillsborough 732-8181 Propsed Revised Capital Chapel Hill 968-4501 Project Ordinance for McDougle Durham 688-7331 Elementary School Mebane 227-2031 Purpose To consider a capital project amendment for the Chapel Hill/Carrboro City Schools for McDougle Elementary School. Background In North Carolina, Public Schools must pay both State and Local Sales tax. Unlike State, County and Municipal governments, Public Schools are not able to file for reimbursement of these taxes. However, because the County is the legal owner of the McDougle Elementary School, the County can file for sales tax reimbursement for purchases related to the construction and f urnishing of this facility. The Finance Director for the Chapel Hill/Carrboro City Schools has maintained the required records to allow the County to submit $146,849 in sales tax paid for reimbursement. Of this amount, $126,966 is sales tax paid to the State and other local governments other than Orange County. The Chapel Hill/Carrboro City School System has requested that these funds be allocated to McDougle Elementary School to pay for unanticipated expenditures related to site preparation and the amount of rock on the property. The total amount needed is $175,000. The Schools anticipate that there will be additional sales tax reimbursement as the project is completed. When the actual amount of these additional reimbursements are known, the Schools will ask the Board to appropriate the additional funds so that a total of$175,000 is added to the McDougle Elementary School project. Recommendation The Manager recommends that the Board of Commissioners approve the attached capital project ordinance, which adds $126,967 from sales tax reimbursements to the McDougle Elementary School project.