Orange County NC Website
Browse       Search
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: March 21, 2017 <br /> Action Agenda <br /> Item No. 6-b <br /> SUBJECT: Revisions to Schools FY 2016-17 CIP and Approval of Property Acquisition <br /> DEPARTMENT: Finance and Administrative <br /> Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1: List of School Bond Dr. Todd Wirt, (919) 732-8126 <br /> Projects Dr. Todd LoFrese, (919) 967-8211 <br /> Attachment 2: Orange County Board of Bonnie Hammersley, 919-245-2300 <br /> County Commissioners Gary Donaldson, 919-245-2453 <br /> Capital Funding Policy <br /> Attachment 3: Memo from Chapel Hill- <br /> Carrboro City Schools <br /> Attachment 4: Information from Orange <br /> County Schools <br /> PURPOSE: To revise the FY 2016-17 School Capital Investment Program based on changes <br /> to both school systems project listing and approve the acquisition of the Orange Charter School <br /> Facility by Orange County Schools pursuant to the Capital Funding Policy (see background <br /> section). <br /> BACKGROUND: The County Capital Investment Plan (CIP) is adopted annually in June of <br /> each year. After the adoption of the FY 2016-17 Capital Budget in June 2016, both the Chapel <br /> Hill-Carrboro City Schools (CHCCS) and the Orange County Schools (OCS) have indicated <br /> changes to their project listings. The Capital Project Ordinances — Form and Purpose section of <br /> the Capital Funding Policy states, <br /> "All funds allocated to capital projects are to be accounted for in a Capital Project Fund as <br /> authorized by a Board of County Commissioner approved Capital Project Ordinance. The <br /> Capital Project Ordinance will include a detailed break down of each major cost category related <br /> to the project. <br /> In accordance with the Board of County Commissioners November 2000 adopted Policy on <br /> Planning and Funding School Capital Projects, whenever School capital project bids are either <br /> higher of lower than originally projected, or any other factor affecting the project budget occurs, <br /> the affected school system is expected to work with County Management and Budget staff to <br /> present revised capital project ordinances for adoption by the Board of Commissioners. The <br /> same expectations shall be applicable for changes to County Capital project budgets." These <br /> changes are indicated below: <br />