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Agenda - 11-19-1996 - 9b
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Agenda - 11-19-1996 - 9b
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Last modified
11/15/2013 2:21:30 PM
Creation date
11/15/2013 2:21:28 PM
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BOCC
Date
11/19/1996
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
9b
Document Relationships
Long Range School Capital Funding Revised Policy
(Linked From)
Path:
\Board of County Commissioners\Policies\1996
Minutes - 19961119
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\1990's\1996
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6 <br /> 7 . Debt incurred under the "two-thirds net debt reduction" <br /> rule shall be limited to instances where the health and <br /> safety of Orange County citizens are threatened. <br /> 8 . The amount to be appropriated to each school system for <br /> recurring capital expenditures shall be $750, 000. This <br /> appropriation shall be in effect for a period of at <br /> least five years and includes funds for roof repairs. <br /> 9 . County capital expenditures with a cost of $30, 000 or <br /> more and useful life of at least five years shall be <br /> considered capital projects and accounted for in capital <br /> project funds. <br /> 10. During each fiscal year, the Board shall adopt a Five- <br /> - Year Capital Improvements Program. The Five-Year <br /> Program shall include anticipated county capital <br /> expenditures costing $30, 000 or more and anticipated <br /> school capital expenditures costing $50, 000 or more, as <br /> well as available financing sources. The first year of <br /> the adopted Five-Year Capital Improvements Program shall <br /> be incorporated into the pext annual operating budget <br /> recommended to the County Manager. <br />
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