Agenda - 05-19-2015 - 6a - Laserfiche WebLink

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2 1 Year 2023 to 2024. Pay-As-You-Go (PAYG) funds are estimated at a 1.5 percentannual 2 growth rate and the Lottery Proceeds areheld constant throughout the five year CIP period. 3 Orange County Schoolsprojectsinclude$478,000 in Preliminary Planning funds in 4 Year 1 (Fiscal Year 2015 to 2016) to allow the school system to be “shovel ready” for a project 5 or projects after a successful Bond Referendum; funds would be reimbursed from the approved 6 Bond Referendum funds. Based on the SAPFO’s recent November 15, 2014 projections, the 7 following new schools/additions would be needed in Years 6-10: Cedar Ridge High School 8 Classroom Addition to open in Fiscal Year2022to 2023. Pay-As-You-Go (PAYG) funds are 9 estimated at a 1.5 percentannual growth rate and the Lottery Proceeds are held constant 10 throughout the five year CIP period. 11 Paul Laughton saidthe SchoolsAdequate Public Facilities Ordinance (SAPFO) 12 numbers remove from the CIP the additions to Carrboro High School in CHCCS and 13 Elementary Number 8in OCS. 14 15 Commissioner Jacobs arrived at 7:08 p.m. 16 17 Paul Laughton said$3.7million has been allocated for PAYG fundsfor both school 18 systems. He said thisinformationcan be found on page 91of the CIP notebook.He said the 19 school projects and amounts are listed here. He said the lottery proceeds are up slightly this 20 year,around $1.35million. He said thisnumber is based on the State of North Carolina 21 estimates for the lottery proceeds. He said that in CHCCS, approximately fifty percent of the 22 Article 46 proceeds will be used fortechnology needs and the remaining would be used for 23 renovations and repairsidentified in the CHCCS assessments. 24 Paul Laughton said OCS useArticle 46 sales money fortheir One-to-One laptop 25 initiative and other technology upgrades. 26 Paul Laughton said the PAYGfundsare put towards a list of projects itemized by the 27 school districts. He said those projects are varied. 28 Commissioner Rich askedwhere she couldfind the Article 46 projects. 29 Paul Laughton said they are listed in the Special Revenue Projects tab. He said this 30 information can be found on pages 61 and 62, whereit lists the uses of the Article 46 sales tax 31 funds for both school systems.He said there will be further discussion on these funds at the th 32 May 14meeting. 33 Commissioner Pelissier asked why there was notanincrease in the PAYG funds for the 34 2015 to 2016 Fiscal Year. 35 Paul Laughton said based onthereview of all variables, it was determined best to keep 36 the PAYG funds the same for 2015 to 2016. He said for planning purposes the 1.5 percent 37 growth was included for the future. 38 Chair McKee asked if each school system’s spending of lottery funds is specified. 39 Paul Laughton said what funds can be spent on isnot specified by the State and that 40 they can be used for any purpose, except technology. Hesaid these fundscan be used for 41 repairs, renovations and debt service. 42 Commissioner Price said she heard thatlottery funds may not be allowed to be used for 43 debt service. 44 Paul Laughton said the wording statesthat funds cannot be pledgedto debt service but 45 these still can be used for debt service paymentson an annual basis. 46 Commissioner Price said the projects are listed by category(i.e: roofing, windows, etc.) 47 instead of by school. She said this makes it more difficultto determine which schools need the 48 most. She asked ifthere are any schools that will needmajorwork or overhaul.