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1 <br /> The process to develop and implement a new capital funding policy has been quite lengthy and <br /> complex, and was substantially impacted by last Spring's CIP discussions and the Board's decisions in <br /> establishing school construction standards. A summary of the important milestones in the capital <br /> funding policy development process is included for your information. This summary of steps indicate <br /> how the Board of Commissioners has reached a point of closure on the 1996-2006 CIP for schools with <br /> the adoption of the 5B financing option on October 15, and the corresponding policy changes now <br /> being considered by the Board. <br /> To state an obvious point, the introduction of each new CIP cycle brings an additional year(the new <br /> 10th year) and new needs into the equation. External elements may affect future decisions on capital <br /> funding - for example,the State Department of Public Instruction is changing the formula for <br /> calculating student planning allocations. I would recommend the Board focus its discussion <br /> prospectively on the new 1997-2007 CIP cycle and the additional challenges that new cycle may bring <br /> -rather than respond retrospectively in terms of making changes to the financial formula for the 1996- <br /> 2006 CIP. <br /> Attachment 3 - October 15 Meeting Minutes <br /> Attachment 4 -Summary of Milestones Related to Capital Funding Policy <br /> Attachment 5 - October 15 Agenda Abstract w/Spreadsheets -Long Range School Capital Funding <br /> Options <br /> Attachment 6-December 2 Agenda Abstract-Revised Capital Funding Policy <br />