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ORANGE COUNTY <br /> HILLSBOROUGH <br /> NORTH.CAROLINA <br /> X61 �l ce eW,a1i 476:9 <br /> MEMORANDUM <br /> TO: Orange County Board of Commiss'oners <br /> FROM: John Link, County Manager <br /> DATE: December 6, 1996 <br /> RE: Annual Planning Retreat Materials <br /> In preparation for tomorrow's retreat, we have compiled several sets of information that I hope you <br /> will find helpful. The first set is related to the 8:30 session on the County's fiscal outlook. The other <br /> two sets are related to items carried forward from the Board's December 2 meeting to the retreat for the <br /> scheduled 1:00 discussion about school funding . <br /> FISCAL OUTLOOK <br /> Sally Kost has prepared i >I qv rheas slide � cli t�vrll briefly highlighf''County's fiscal <br /> outlook, including revencen �ture,aid d� Winds the will reutew ti 1e tomorrow morning and <br /> try to respond to your qu �tc�tis A copy cJf e b yerliead is mcludd in tl ; rket. <br /> Attachment 1 -FiscalafikCvetkreads <br /> CAPITAL NEEDS A 3 ,fit R f``(� A�fXT FF� ; ' . <br /> -r _ 4•. ..., _._.., _. ..... .: .- Yi}< kits- ....__. <br /> Commissioner Gordon made several suggestions about the timetable and charge for the Capital Needs <br /> Advisory Committee that will be appointed to review County and school capital needs prior to the <br /> planned November 1997 bond referendum. I believe her refinements are constructive, and I am <br /> conveying them to you for your review and discussion tomorrow. <br /> Attachment 2 - Commissioner Gordon's Refinements to Charge to Capital Needs Advisory Committee <br /> CAPITAL FUNDDIG POLICY <br /> At the October 15 meeting, the Board approved Option 5B (Option 5A with changes) as the structure <br /> for funding the new school needs identified in the 1996-2006 Capital Improvements Plan (see item 9A <br /> in the attached minutes of the October 15 meeting). Staff was directed to come back to the Board with <br /> a written summation of the funding policies embodied in Option 5B. Staff prepared a proposed new <br /> capital funding policy that reflected the structure of Option 5B, and cited the changes between the old <br /> and new capital funding policies. The Board discussed the revised funding policy at its November 19 <br /> and December 2 meetings, and agreed to continue the discussion to tomorrow's retreat. <br /> AREA CODE (919) 732.8181 • 968-4501 • 688-7331 • 227-2031 • FAX (919) 644-3004 <br />