Agenda - 05-14-2015 - 1 - Laserfiche WebLink

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1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date:May 14, 2015 Action Agenda ItemNo.1 SUBJECT: To Continue Review and Discussion of theManager’s Recommended FY 2015-20Capital Investment Plan (CIP) No DEPARTMENT:PUBLIC HEARING: (Y/N) Financial Services ATTACHMENT(S):INFORMATION CONTACT : Attachment A.Year 1 (FY 2015-16)Bonnie Hammersley,County Recommended ProjectsManager,(919) 245-2300 Paul Laughton, Financial Services, (919) 245-2152 Previously Provided Under Separate Cover - Also Available Online: Manager Recommended FY2015-20 County Capital Investment Plan http://www.orangecountync.gov/departments/ county_budgets.php 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 2015-20CIP 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 becameeffective April 1, 2012.