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4 <br /> 1 • Provides for $840,106 in Capital Outlay for the Recycling Division; $462,106 of those <br /> 2 funds are in the Vehicles account and are for the replacement of vehicles based on the <br /> 3 replacement schedule, the remaining $378,000 is in the Equipment account and will be <br /> 4 used to purchase 7,000 roll carts for the rural roadside recycling program. <br /> 5 • The General Fund contribution to Sanitation in the FY14-15 Manager Recommended <br /> 6 Budget is $1.8 million; this equates to 1.13 cents on the current property tax rate. <br /> 7 • Provides for construction for the Eubanks Solid Waste Convenience Center <br /> 8 improvement <br /> 9 <br /> 10 Additional Funding Options <br /> 11 • Appropriate Fund Balance, if necessary; The Board may use up to $650,000 without a <br /> 12 negative impact on fund balance <br /> 13 • Property tax rate increase <br /> 14 • Increase in CHCCS Special District Tax <br /> 15 <br /> 16 Revenues Generated By Property Tax Increase <br /> 17 *1 cent increase generates $1,638,241 — Per pupil equivalency is $81.09 <br /> 18 <br /> 19 Revenues Generated By Increase in CHCCS Special District Tax <br /> 20 *1 cent increase generates $1,044,521 — Per pupil equivalency is $84.50 <br /> 21 <br /> 22 County Capital Investment Plan <br /> 23 Concerns and Issues for FY 2015-2016 <br /> 24 • Federal State Budget Issues <br /> 25 • Debt Service <br /> 26 • County Capital Projects <br /> 27 • School Capital Projects <br /> 28 • Health Insurance <br /> 29 • Post-employment Insurance benefit for retirees <br /> 30 • Economic Development <br /> 31 • Economy <br /> 32 • Revaluation <br /> 33 • General Fund Revenues <br /> 34 <br /> 35 FY 2015—2016 Budget <br /> 36 <br /> 37 Public Hearings and Work Sessions <br /> 38 (All Meetings Begin at 7:00 p.m.) <br /> 39 <br /> 40 Document Availability <br /> 41 • Clerk to Board of Commissioners <br /> 42 • County Finance &Administrative Services Office <br /> 43 • Orange County Library <br /> 44 • Chapel Hill Public Library <br /> 45 • Carrboro/McDougle Branch Library <br /> 46 • Cybrary, Carrboro <br /> 47 • Orange County Website <br /> 48 <br /> 49 Commissioner Price arrived at 7:06 p.m. <br /> 50 <br /> 51 Clarence Grier said fund balance is important because the cash flow is negative during <br /> 52 several months of the year. <br />