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1 <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: March 20, 2007 <br />Action Agenda <br />Item No. <br />MIMEUEMN�� <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Attachment 1. June 23, 2005 Capital INFORMATION CONTACT: <br />Funding Policy Donna Coffey, (919) 245-2151 <br />Attachment 2. Capital Investment Plan <br />(CIP) Revenue Projections, Fiscal Years <br />2006-07 through 2009-10 - <br />Attachment 3. Lottery Bill Research <br />Report (As Compiled by the NC <br />Association of County Commissioners) <br />Attachment 4. Estimated Land Transfer <br />Revenue (As Compiled by the NC <br />Association of County Commissioners) <br />PURPOSE: To receive information related to the capital and annual operating budgets. <br />BACKGROUND: Over the last few months, staff has provided to the Board, various items of <br />interest that may potentially affect the development of either the upcoming 2007-17 County <br />Capital Investment (CIP) plan, the 2007-08 Annual Operating Budget, or future years' budgets. <br />Examples of recent updates include discussions related to the anticipated decrease in projected <br />revenues from the North Carolina * Education Lottery along with the General Assembly's interest <br />in providing local property tax assistance to taxpayers throughout the State. Both of those items <br />would have negative impacts on the County's budget. Tonight's topics would continue previous <br />dialogues. <br />Topics anticipated for discussion include: <br />• School Capital Needs — The County Manager has invited the Chapel Hill Carrboro City <br />and the Orange County Boards of Education and .their Superintendents to discuss their <br />future capital funding needs with Commissioners. <br />• County Capital Funding Policy — Continuing earlier discussions related to the CIP and <br />County capital needs, the Budget Director plans to review how the County Capital <br />Funding Policy is operationalized and the Schools and County pay -as- you -go capital <br />funding streams are calculated. <br />• Legislative Items of Interest — Attachments 3 and 4 of this agenda abstract offer <br />information pertaining to pending General Assembly lottery legislation and land transfer <br />revenue. This information was received by the Budget Director at a recent North <br />