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10/1419 <br /> Highlights-continued <br /> Highlights of Funding Options ♦ Current funding for Capital and Debt <br /> continues: <br /> ♦New facilities as identified in the 1996-2006 Half cent sales taxes <br /> Capital Improvements Plan are included: <br /> • Property Tax: <br /> Nor awr —$800,000 <br /> WOr • CHCCS New Middle School 2.7 cents <br /> • CHCCS East CH High Addition —Debt service]992 bonds <br /> on tax rate <br /> • OCS New Elementary School — <br /> —Human Services Automation and Utilities <br /> Extension Fund <br /> • Impact Fees <br /> • Public School Building Funds <br /> Major Differences in Current and <br /> Proposed: Major Changes 5A to 513 <br /> • Proposed: ♦ Bond sales restructured from 2 to 3 <br /> • All debt service is subtracted before funds are ♦ Bond funds for renovations moved up one year <br /> Wr allocated for CIP projects: ♦ Additional$1 million in bond funds replace"lost" <br /> ION <br /> •Current: funds for OCS. <br /> • General obligation bonds are subtracted after • these funds are from the$3 million not yet <br /> funds are allocated between the Schools and the specifically identified <br /> County ♦ One cent general tax rate replaces one cent that is <br /> • Private placement payments are being restored for capital reserve <br /> subtracted after funds are allocated <br /> Impact of Changing Bond Sales November 1997 $40 Million Bond <br /> C-n <br /> ♦ Debt service peak year Ch school. 6% <br /> 01, 5w <br /> shifts one year To a sp.cn.a <br /> ♦ Peak year amount is ex <br /> swaao.wo reduced <br /> `i <br /> I <br /> OC School <br /> :8.000.000 01% <br /> Long Range Funding Options 1 <br />