Agenda - 03-17-2015 - 8a - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: March 17, 2015 Action Agenda Item No. 8 -a 1 SUBJECT: Presentation of Manager's Recommended FY 2015 -20 Capital Investment Plan (CIP) DEPARTMENT: Financial Services PUBLIC HEARING: (Y /N) No ATTACHMENT(S): Attachment 1. Year 1 (FY 2015 -16) Recommended Projects PREVIOUSLY PROVIDED UNDER SEPARATE COVER Attachment 2. Manager Recommended FY 2015 -20 County Capital Investment Plan Available Electronically tt . / /oranecountync. ov /finance /budget. as�a INFORMATION CONTACT: Bonnie Hammersley, County Manager, (919) 245 -2300 Paul Laughton, Financial Services, (919) 245 -2152 This Item is a carry- forward from the March 5, 2015 work session cancelled due to weather. PURPOSE: To receive the Manager's Recommended FY 2015 -20 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. Capital Investment Plan — Overview The FY 2015 -20 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.