Agenda - 03-29-2016 - 1 - Presentation of Manager’s Recommended FY 2016-21 Capital Investment Plan (CIP)

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1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: March 29, 2016 Action Agenda Item No. 1 SUBJECT: Presentation of Manager's Recommended FY 2016-21 Capital Investment Plan (CIP) DEPARTMENT: County Manager and Financial Services ATTACHMENT(S): INFORMATION CONTACT: Attachment A. FY 2016-21 Capital Bonnie Hammersley, County Manager, Investment Plan (919) 245-2300 Presentation Gary Donaldson, Financial Services, Attachment B. County Manager's CIP (919) 245-2453 Transmittal Letter Paul Laughton, Financial Services, (919) 245-2152 UNDER SEPARATE COVER Attachment C. Manager Recommended FY 2016-21 Capital Investment Plan (Hard Copies to be Provided at the Meeting) Available Electronically at: http://www.co.orange.nc.us/departments/fi nance and administrative services.php PURPOSE: To receive the Manager's Recommended FY 2016-21 Capital Investment Plan to the Board of County Commissioners. 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. Capital Investment Plan — Overview The FY 2016-21 CIP includes County Projects, School Projects, and Proprietary Projects. The School Projects include Chapel Hill Carrboro City Schools, Orange County Schools, and Durham Technical Community College — Orange County Campus projects. The Proprietary Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects.