Agenda - 04-10-2014 - 2 - Laserfiche WebLink

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4 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: April 10, 2014 Action Agenda Item No. 2 SUBJECT: To Continue Review and Discussion of the Manager's Recommended FY 2014-19 Capital Investment Plan (CIP) DEPARTMENT: Financial Services PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Attachment A. Year 1 (FY 2014-15) Michael Talbert, Interim County Recommended Projects Manager, (919) 245-2308 Clarence Grier, Financial Services, Attachment B. Budget Comparisons by (919) 245-2453 Function of Prior Capital Paul Laughton, Financial Services, Investment Plans (919) 245-2152 PURPOSE: To continue review and discussion of the Manager's Recommended FY 2014-19 Capital Investment Plan (CIP). BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) that establishes a budget planning guide related to capital needs for the County as well as Schools. The current CIP consists of a 5-year plan that is evaluated annually to include year-to- year changes in priorities, needs, and available resources. Approval of the CIP commits the County to the first year funding only of the capital projects; all other years are used as a planning tool and serves as a financial plan. Attachment A includes the Year 1 (FY 2014-15) Recommended Projects. The Manager's Recommended FY 2014-19 Capital Investment Plan was presented to the Board of County Commissioners at their March 11, 2014 Work Session. Capital Investment Plan — Overview The FY 2014-19 CIP includes County Projects, School Projects, Proprietary Projects, and Special Revenue Projects. The Proprietary Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. The Special Revenue Projects include Economic Development and School related projects funded from the Article 46 (1/4 cent) Sales Tax proceeds. The Article 46 Sales Tax was approved by the voters in the November 2011 election, and became effective April 1, 2012.