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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: April 17, 2008 <br />Action Agenda <br />Item No. 1 <br />SUBJECT:. Discussion of Fiscal Year 2008-09 County and School Pay-As-You-Go Capital <br />Budgets <br />DEPARTMENT: Budget <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Proposed County and School Capital <br />Budget Allocations, By Project, for Fiscal <br />Year 2008-09 <br />INFORMATION CONTACT: <br />Laura Blackmon, (919) 245-2300 <br />Donna Coffey, (919) 245-2151 <br />PURPOSE: To review and discuss funding of the proposed County and School pay-as-you-go <br />capital budgets for fiscal year 2008-09. <br />BACKGROUND: The Board of County Commissioners received the proposed 2008-18 County <br />and School Capital Investment Plan (CIP) in fall. 2007. Since that time, the. Board and staff <br />have engaged in a number of CIP related discussions, and the Board has conducted two public <br />hearings related directly to the proposed long-range capital plan. The CIP calendar, originally <br />approved by the Board in August 2007, included the Board approving the proposed ten-year <br />CIP in December followed by approval of the County and School fiscal year 2008-09 capital <br />budgets in February/March 2008. <br />One of the major purposes for pursuing the spring 2008 Board approval of the 2008-09 capital <br />budget was in answer to both school districts' request to have their capital .budgets in place in <br />early spring. Each year, both school districts have particular capital projects where work needs <br />to occur during the summer months when students are. not in class. For the work to begin <br />immediately as school adjourns for summer break, school districts must have Commissioner <br />approved funding and capital project ordinances in place to award the bids for the planned <br />projects. <br />As proposed, the capital- plan allocated projected available pay-as-you-go monies to fund <br />County and School capital projects during the ten-year period between 2008 and 2018. In <br />addition to the funded projects, the long-range plan identified a number of County and School <br />unfunded capital needs. These particular projects were considered unfunded, because the <br />amount of funding needed to complete the projects falls beyond the current pay-as-you-go <br />revenue stream for the next ten years. <br />At this point, there are many unanswered questions about the unfunded County and School <br />capital needs. Examples include exact timing of identified projects, amount of project funding <br />