Orange County NC Website
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />50 <br />24 <br />• Information Technology $500,000 <br />• <br />VIPER Radio System $500,000 (2nd year of tower cost) <br />• Conservation Easements $250,000 <br />• Lands Legacy $400,000 <br />• P & R Facility Renovations and Repairs $256,500 <br />Special Revenue Projects — Year 1 <br />(Article 46 Sales Tax) <br />• 50% of proceeds to Economic Development initiatives, and 50% to Schools <br />• Economic Development — $1, 386,490 (distributed among 8 initiatives with <br />approximately 60% reserved for debt service) <br />• Schools — CHCCS $852,690 (1/2 towards Technology, and 1/2 towards facility <br />improvements at older schools); OCS $533,800 (Technology 1:1 laptop initiative) <br />Proprietary Projects — Year 1 <br />• Water and Sewer Projects: <br />• Efland Sewer Flow to Mebane $4,530,000 <br />• Hillsborough EDD $150,000 <br />• Economic Development Infrastructure $100,000 <br />• Economic Development Utility Extension Projects $250,000 <br />• Solid Waste Projects: <br />• Eubanks Road SWCC Improvements $2,428,283 <br />• Purchase 7,000 Rural Recycling Carts $378,000 <br />• Sportsplex Projects: <br />• Phase 1 Expansion (Pool Mezzanine) $950,000 <br />School Projects - Year 1 <br />• No new Debt financing of School Projects in FY 2014 -15 <br />• Pay -As- You -Go funds ($3,724,849) — same amount as in FY 2013 -14 <br />• Lottery Proceeds ($1,336,280) — decrease of approximately $17,000 from FY 2013 -14 <br />(based on State projections) <br />Appendices <br />• Debt Service and Debt Capacity: <br />• General Fund — remains under the 15% debt capacity throughout the 5 -year CIP; <br />reaches 15.44% in Year 6 (FY 19 -20) with a high of 19.15% in Year 8 (FY 21 -22) <br />• Water and Sewer Projects (Article 46 Sales Tax proceeds) — current projected <br />revenue earmarked for debt service is adequate to cover debt service payments <br />over the 5 -Year CIP <br />• County Capital Project balances <br />• Capital Funding, Debt Management, and Fund Balance Management Policies <br />Document Availability <br />• Clerk to the Board of Commissioners <br />• County Finance and Administrative Services Office <br />• Orange County Website <br />• www.orangecountync.gov <br />Paul Laughton referred to the pie charts regarding appropriation and revenues. He said <br />the appropriations can really change year to year. He said a large part of this year's increase is <br />