Agenda - 05-29-2014 - addition - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date- May 29, 2014 Action Agenda Item No 1 SUBJECT: Continuation of review and discussion of the Manager's Recommended FY 2014 -19 Capital Investment Plan (CIP) DEPARTMENT: Finance and Administrative PUBLIC HEARING. (Y /N) No Services ATTACHMENT(S)- Attachment A Revised FY 2014 -19 Capital Investment Plan Pages (on Green colored paper with changes highlighted in Yellow) Attachment B. Fairview Park — Parking Options Information Attachment C Efland- Cheeks Community Center Information Attachment D Year 1 (FY 2014 -15) CIP Projects INFORMATION CONTACT Michael Talbert, County Manager, (919) 245 -2308 Clarence Grier, Assistant County Manager /CFO (919) 245 -2453 Paul Laughton, Finance and Administrative Services (919) 245 -2152 PURPOSE. To continue review and discussion of the Manager's Recommended FY 2014 -19 Capital Investment Plan. 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 The CIP has been prepared anticipating continued slow economic growth of between 1 -2% annually over the next five years Many of the projects in the CIP will rely on debt financing to fund the projects The Manager's Recommended FY 2014 -19 Capital Investment Plan was presented to the Board of County Commissioners on March 11, 2014 and follow -up discussion occurred as part of the April 10, 2014 and May 15, 2014 work sessions