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Chapel Hill/Carrboro City Schools
<br /> Capital Improvements Funding
<br /> 04/14/93 m:\cip\schools\nbch.wkl
<br /> Expenditures Revenue Difference
<br /> A B C D E F G H
<br /> Proposed School CIP Est.Debt Service PAYG Funds Total Revenue(including column D)if Impact Fees (5)
<br /> PAYG Projects(1) Expenditure (2) Total(3) are levied at the following amounts: (4)
<br /> $
<br /> $500 $750 $1,000 500 $750 $1,000
<br /> 93-94 $1,537,502 $1,537,502 $1,619,361 $2,154,361 $2,421,861 $2,689,361 $616,859 $884,359 $1,151,859
<br /> 94-95 1,587,670 $1,587,670 $1,781,465 2,336,465 2,613,965 2,891,465 748,795 $1,026,295 $1,303,795
<br /> 95-96 1,589,394 1,049,904 $2,639,298 $1,992,426 2,569,426 2,857,926 3,146,426 (69,872) $218,628 $507,128
<br /> 96-97 1,622,593 1,049,904 $2,672,497 $2,161,369 2,760,369 3,059,869 3,359,369 87,872 $387,372 $686,872
<br /> 97-98 1,864,703 1,049,904 $2,914,607 X.,
<br /> ... $2,355,744 2,978,244 3,289,494 3,600,744 63,637 $374,887 $686,137
<br /> 98-99 2,098,571 1,049,904 $3,148,475 $2,541,622 3,187,622 3,510,622 3,833,622 39,147 $362,147 $685,147
<br /> 99-00 2,335,159 1,049,904 $3,385,063 $2,729,961 3,400,961 3,736,461 4,071,961 15,898 $351,398 $686,898
<br /> 00-01 2,566,677 1,049,904 $3,616,581 $2,912,966 3,609,966 3,958,466 4,306,966 (6,615) $341,885 $690,385
<br /> 01-02 2,810,750 1,049,904, $3,860,654 $3,108,254 3,832,254 4,194,254 4,556,254 (28,400) $333,600 $695,600
<br /> 102-03 33,059,827, $1,049,9047, $4,109,731 $3,308,271 $4,060,271 $4,436,271 $4,812,271 ($49,460)[ $326,540 $702,540
<br /> (1) Proposed School CIP "pay-as-you-go"projects are as outlined in the County Manager's Recommended Capital Improvements Plan- CIP is a five year planning document, therefore there
<br /> are no proposed expenditures for the years 1998-99 and beyond. The amounts shown here are based on the amounts which are estimated to be available less the amounts reserved for elementary
<br /> school as outlined in CIP.
<br /> (2) Debt is based on Certificate of Participation(COP)for$10,000,000 sold at 6.3% interest rate for 15 years. COPs can be financed for up to 20 years. The interest rate is currently
<br /> estimated to be .85% over the rate for a GO bond.
<br /> (3) Columns A+B
<br /> (4) Impact Fee amounts are based on the projected residential growth as presented in the Technical Report on the Calculation of Proportionate Share Impact Fees for Financing Public School Capital
<br /> Needs(page 18.1 and 18.2) This column represents the amount of impact f"s plus the pay-as-you-go funds. The amounts recognized from impact fees only are as follows:
<br /> Proj. #new $500 $750 $1,000
<br /> Residential
<br /> Units
<br /> 93-94 1,070 $535,000 $802,500 <t,070,000
<br /> 94-95 1,110 $555,000 $832,500 $1,110,000
<br /> 95-96 1,154 $577,000 $865,500 $1,154,000 i
<br /> 96-97 1,198 $599,000 $898,500 $1,198,000
<br /> 97-98 1,245 $622,500 $933,750 $1,245,000
<br /> 98-99 1,292 $646,000 $969,000 $1,292,000
<br /> 99-00 1,342 $671,000 $1,006,500 $1,342,000
<br /> 00-01 1,394 $697,000 $1,045,500 $1,394,000
<br /> 01-02 1,448 $724,000 $1,086,000 $1,448,000
<br /> 02-03 1,504 $752,000 $1,128,000 $1,504,000
<br /> (5) Column H is the Difference between Column C and the Impact Fee Columns(E, F, and G).
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