Agenda - 04-09-2015 - 1 & 4 - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: April 9, 2015 Action Agenda Item No. 1 & 4 SUBJECT: To Continue Review and Discussion of the Manager's Recommended FY 2015 -20 Capital Investment Plan (CIP) DEPARTMENT: Financial Services PUBLIC HEARING: (Y /N) No ATTACHMENT(S): INFORMATION CONTACT: Attachment A. Year 1 (FY 2015 -16) Bonnie Hammersley, County Recommended Projects Manager, (919) 245 -2300 Paul Laughton, Financial Services, Previously Provided Under Separate (919) 245 -2152 Cover - Also Available Online: Manager Recommended FY2015 -20 County Capital Investment Plan PURPOSE: To continue review and discussion of 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. Attachment A includes the Year 1 (FY 2015 -16) Recommended Projects. 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.