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3 <br /> exceeding the policy and/or addressing cash flow shortfalls: (1) Consider alternative debt <br /> restructuring flexibility from the Local Government Commission (LGC), in order to fund the <br /> scheduled CIP projects within the policy threshold, and reduce cash flow shortfalls; (2) <br /> Implement tax rate adjustments to minimize or eliminate cash flow shortfalls. <br /> FINANCIAL IMPACT: There is no immediate financial impact associated with discussion and <br /> prioritization of the FY 2017-22 Capital Investment Plan. It is a long-range financial planning <br /> tool with a financial impact in FY 2017-18, if the first year of the CIP is approved by the Board of <br /> County Commissioners with the adoption of the Annual Budget. <br /> SOCIAL JUSTICE IMPACT: <br /> There is no Orange County Social Justice Goal Impact associated with discussion of this item. <br /> RECOMMENDATION(S): The Manager recommends the Board review and discuss the <br /> prioritization of Capital Projects within the Manager's Recommended FY 2017-22 Capital <br /> Investment Plan and provide direction to staff. <br />