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• Eno EDD - $1,050,000 <br /> Solid Waste Proiects: <br /> • Sanitation — replacement of front end loader - $296,035 <br /> • Recycling - purchase 1,750 additional Rural Recycling Carts; new Rural <br /> curbside Recycling truck; new roll-cart distribution and maintenance building; <br /> replacement of 2 trucks (total of$1,177,884) <br /> Sportsplex Proiects: <br /> • Indoor Turf/Court Addition - $2,800,000 <br /> • Other improvements/repairs - $350,000 <br /> School Projects -Year 1 <br /> • Preliminary Planning Funds totaling $1,228,000 ($750,000 to CHCCS and $478,000 to <br /> OCS — based on ADM) <br /> • Pay-As-You-Go funds ($3,724,849) — same amount as in FY 2014-15 <br /> • Lottery Proceeds ($1,356,362) — increase of approximately $20,000 from FY 2014-15 <br /> (based on State estimates) <br /> Appendices <br /> • Debt Service and Debt Capacity: <br /> • General Fund — remains under the 15% debt capacity throughout the 5-year <br /> CIP; highest % is 14.08% in Year 4 (FY 2018-19), and remains under 15% <br /> throughout the Years 6-10 period. <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 /> • 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 said one of the things controlling the drop in schools percentage in <br /> years 1 through 5 is the fact that a couple of the schools moved out of the CIP due to capacity <br /> issues. He noted that the target over a 10 year period is for capital funding to include schools <br /> at 60 percent and County projects at 40 percent, and this is pretty close that that goal. <br /> Referring to the slide on Appendices, Paul Laughton reminded the Board that debt <br /> capacity and debt affordability are two different things. He said you can be under debt <br /> capacity, but you must have the revenues to pay for the increase in debt service. He noted <br /> that in years 2017-18, the debt service increases by $2.1 million, and then in 2018-19 it <br /> increases another $1.7 million. He said if the revenue stream is not sufficient, a tax increase <br /> may be required at this time to pay for the debt. <br /> Bonnie Hammersley said she met with all of the department directors, as well as the <br /> schools, and this was a good process. She will come to the future work sessions with a more <br /> vertical view of the big picture. <br /> PUBLIC COMMENT: <br />