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{ <br /> 5 <br /> Attachment 1 <br /> G. Recurring Capital <br /> Recurring capital for each School System will be based on the equivalent of <br /> three cents on the General Fund Property Tax Rate (not adjusted for the 1997 <br /> revaluation of real property but adjusted each revaluation thereafter.) Funds <br /> will be allocated to each school system based on the State Department of Public <br /> Instruction planning allocation which is the same method used to allocate current <br /> expense appropriation. <br /> H. Planning Period <br /> During each fiscal year, the Board of Commissioners shall adopt a ten year <br /> Capital Improvements Plan. The ten year plan shall include anticipated <br /> County capital expenditures costing $30,000 or more excluding equipment <br /> and anticipated school capital expenditures costing$50,000 or more, <br /> excluding equipment. Equipment, costing $1,000 or more can be considered <br /> as part of the Capital Improvements Plan. The first year of the adopted <br /> Ten Year Capital Improvements Plan shall be incorporated into the next <br /> annual operating budget recommended by the County Manager. <br />