Minutes 04-09-2015 - Laserfiche WebLink

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capacity at the middle school level by three years); Elementary Number 12 to open in Fiscal Year 2023 to 2024. Pay-As-You-Go (PAYG) funds are estimated at a 1.5 percent annual growth rate and the Lottery Proceeds are held constant throughout the five year CIP period. Orange County Schoo/s projects include $478,000 in Preliminary Planning funds in Year 1 (Fiscal Year 2015 to 2016) to allow the school system to be "shovel ready" for a project or projects after a successful Bond Referendum; funds would be reimbursed from the approved Bond Referendum funds. Based on the SAPFO's recent November 15, 2014 projections, the following new schools/additions would be needed in Years 6-10: Cedar Ridge High School C/assroom Addition to open in Fiscal Year 2022 to 2023. Pay-As-You-Go (PAYG) funds are estimated at a 1.5 percent annual growth rate and the Lottery Proceeds are held constant throughout the five year CIP period. Paul Laughton said the Schools Adequate Public Facilities Ordinance (SAPFO) numbers remove from the CIP the additions to Carrboro High School in CHCCS and Elementary Number 8 in OCS. Commissioner Jacobs arrived at 7:08 p.m. Paul Laughton said $3.7 million has been allocated for PAYG funds for both school systems. He said this information can be found on page 91 of the CIP notebook. He said the school projects and amounts are listed here. He said the lottery proceeds are up slightly this year, around $1.35 million. He said this number is based on the State of North Carolina estimates for the lottery proceeds. He said that in CHCCS, approximately fifty percent of the Article 46 proceeds will be used for technology needs and the remaining would be used for renovations and repairs identified in the CHCCS assessments. Paul Laughton said OCS use Article 46 sales money for their One-to-One laptop initiative and other technology upgrades. Paul Laughton said the PAYG funds are put towards a list of projects itemized by the school districts. He said those projects are varied. Commissioner Rich asked where she could find the Article 46 projects. Paul Laughton said they are listed in the Special Revenue Projects tab. He said this information can be found on pages 61 and 62, where it lists the uses of the Article 46 sales tax funds for both school systems. He said there will be further discussion on these funds at the May 14th meeting. Commissioner Pelissier asked why there was not an increase in the PAYG funds for the 2015 to 2016 Fiscal Year. Paul Laughton said based on the review of all variables, it was determined best to keep the PAYG funds the same for 2015 to 2016. He said for planning purposes the 1.5 percent growth was included for the future. Chair McKee asked if each school system's spending of lottery funds is specified. Paul Laughton said what funds can be spent on is not specified by the State and that they can be used for any purpose, except technology. He said these funds can be used for repairs, renovations and debt service. Commissioner Price said she heard that lottery funds may not be allowed to be used for debt service. Paul Laughton said the wording states that funds cannot be pledged to debt service but these still can be used for debt service payments on an annual basis. Commissioner Price said the projects are listed by category (i.e: roofing, windows, etc.) instead of by school. She said this makes it more difficult to determine which schools need the most. She asked if there are any schools that will need major work or overhaul.