Orange County NC Website
Browse       Search
ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: September 12, 2006 <br />Action Agenda <br />Item No. ~_j___ <br />SUBJECT• Approval of Fiscal Year 2006-07 School and County Capital Project Ordinances <br />DEPARTMENT: Budget PUBLIC HEARING: (YIN) No <br />ATTACHMENT (S): - INFORMATION CONTACT: <br />Attachment 1A. Orange County Schools Donna Dean Coffey 245-2151 <br />Capital Project Ordinances <br />Attachment 1 B. County Capital Project <br />Ordinances <br />(under separate cover) <br />PURPOSE: To approve pay-as-you-go School and County capital project ordinances for fiscal <br />year2006-07. <br />BACKGROUND: <br />The 2006-16 Manager's Recommended Capital Investment Plan (CIP) presented to the Board <br />in April 2006 included long-range funding recommendations for funding School and County <br />capital projects. To that end, Commissioners approved some capital projects for fiscal year <br />2006-07 on June 27, 2006 and delayed action on other school and County capital projects until <br />fall 2006.. <br />During the Board's August 31, 2006 discussions on capital and debt related issues, staff <br />indicated that they would bring back pay-as-you-ga capital project ordinances for School and <br />County projects for the Board's approval on September 12. Attachments 1A and 1B of this <br />agenda abstract include capital project ordinances far Orange County Schools and Orange <br />County Government for the Board to consider for approval. The Board's action in ,lone included <br />approving all of the Chapel Hill-Carrboro City Schools pay-as-you-go funded projects for fiscal <br />year 2006-07; therefore, Attachments 1A and 1B of this agenda abstract do not include any <br />ordinances for Chapel HiII Carrboro City Schools. <br />In light of the Board's on-going discussions related to long-range capital and debt- <br />finance projects, staff is not requesting that the Board approve capital project ordinances <br />for debt financed projects at this time. <br />FINANCIAL IMPACT: Pay-as-you-go funding for the fiscal year 2006-07 attached School and <br />County capital project ordinances totals $4,272,665. In accordance with the County s Capital <br />Funding Policy, pay-as-you-go capital revenues are comprised of dedicated one-half cent sales <br />and property taxes. <br />RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners <br />approve the attached pay-as-you-go County and School Capital Project Ordinances. <br />