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Orange County Schools
<br /> Capital Improvements Funding
<br /> 04/14/93 m:\schools\cip\nboc.wkl
<br /> Expenditures
<br /> Revenue Difference
<br /> A B C
<br /> D E F G H
<br /> Proposed School CIP Est. Debt Service
<br /> PAYG Funds Total Revenue(including column D)if Impact Fees (5)
<br /> PAYG Projects(1) Expenditure (2) Total (3)
<br /> are levied at the following amounts: (4)
<br /> $500 $750 $1,000 $500 $750 $1,000
<br /> 93-94 $1,193,407 $1,193,407
<br /> $1,279,201 $1,553,701 $1,690,951 $1,828,201 $360,294 $497,544 $634,794
<br /> 94-95 1,309,968 $1,309,968.
<br /> $1,407,255 1,696,255 1,840,755 1,985,255 386,287 $530,787 $675,287
<br /> 95-96 1,318,717 $1,318,717 i]i $1,491,446 1,797,946 1,951,196 2,104,446 479,229 $632,479 $785,729
<br /> 96-97
<br /> 1,065,133 $1,065,133 $1,617,908 1,941,408 2,103,158 2,264,908 876,275 $1,038,025 $1,199,775
<br /> 97-98 1,231,890 1,049,904 $2,281,794 $1,736,931 2,077,431 2,247,681 2,417,931 (204,363) ($34,113) $136,137
<br /> 98-99 1,416,931 1,049,904 $2,466,835
<br /> $1,873,983 2,232,983 2,412,483 2,591,983 (233,852) ($54,352) $125,148
<br /> 99-00 1,604,646 1,049,904 $2,653,950 $2,012,849 2,391,849 2,581,349 2,770,849 (262,101) ($72,601) $116,899
<br /> 00-01 1,789,492 1,049,904 $2,839,396 $2,147,781 2,547,781 2,747,781 2,947,781 (291,615) ($91,615)
<br /> $108,385
<br /> 01-02 1,980,266 1,049,904 $3,030,170 $2,291,771 2,714,271 2,925,521 3,136,771 (315,899) ($104,649) $106,601
<br /> 102-03 $2,176,802 $1,049,9" $3,226,706 $2,439,247 $2,885,747 $3,108,997 $3,332,247 ($340,959) ($117,709)
<br /> $105,541
<br /> (1) Proposed School CIP "pay-as-you-go"projects are as outlined in the County Manager's Reco
<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 fees 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 /> 93-94 549 $274,500 $411,750 $549,000
<br /> 94-95 578 $289,000 $433,500 $578,000
<br /> 95-96 613 $306,500 $459,750 $613,000
<br /> 96-97 647 $323,500 $485,250 $647,000
<br /> 97-98 681 $340,500 $510,750 $681,000
<br /> 98-99 718 $359,000 $538,500
<br /> $718,000
<br /> 99-00 758 $379,000 $568,500 $758,000
<br /> 00-01 800 $400,000 $600,000 $800,000
<br /> 01-02 845 $422,500 $633,750 $845,000
<br /> 02-03 893 $446,500 $669,750 $893,000
<br /> (5) Column H is the Difference between Column C and the Impact Fee Columns(E, F, and G).
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