Agenda - 06-21-1983 - Laserfiche WebLink

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Secondly, the question exists of how much to devote to capital needs within the upcoming budget. Progress has been made by the school boards and County in coming up with elements of an eventual capital plan. Specifically, I'll) expenditure information from the last 10 years was compiled; (2) new needs were costed out and shown annually for the next 5 years; (3) there was agreement on definition so that each entity classifies projects in the same manner;(4) new major construction was separated from maintenance. It is clear from the latter that new long-term revenue sources will be necessary to make any appreciable progress on new construc- tion. Annual property tax revenue, on the other hand, should continue to be used to repair and maintain buildings already in existence so that the investment of previous tax and bond proceeds is safeguarded. Staff analyzed each request, discussed details with school personnel and in some cases made on-sight visits. From these the recommended capital budget for 1983-84 is as follows; Orange County Schools $517,980 Chapel Rill-Carrboro Schools 350,000 Orange County 406,420 The Orange County amount is higher in order to remove asbestos (5 of the seven buildings have this material as ceilings and pipe covering) , re-roof an addition at the High School and Charles W. Stanford buildings 1 and 3, perform minor capital and equipment replacement as might be prioritized by the School Board within available funds. Chapel Hill-Carrboro's allocation would be sufficient to cover all of Category I projects or a combi- nation of Category I, II and III projects as might be pri