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<br />Summary which combines these three projects into an Orange County Northern Campus <br />project. <br /> <br />School Projects: <br />• Adjustments have been made to the School Capital Projects in regards to the FY 2018- <br />19 budgeted ADM percentages, based on changes made from the time of the CIP <br />presentation and the FY 2018-19 Manager’s Recommended Operating Budget <br />presentation. The changes were due to updated Charter student #’s, as well as updated <br />Out of District #’s. The impact of these #’s changed the CHCCS % from 60.70% to <br />60.73%, and changed the OCS % from 39.30% to 39.27%. The monetary impact of <br />these changes over Years 1-5 results in CHCCS receiving approximately $16,500 in <br />additional funding and OCS receiving approximately $16,500 in reduced funding. <br />• The CIP presented on April 3, 2018 included issuing CHCCS’s full bond approval amount <br />of $72,108,000 in FY 2017-18, but at their June 5, 2018 meeting, the BOCC approved <br />issuing $69,400,000 in FY 2017-18, with the remaining amount of $2,708,000 to be <br />issued in FY 2021-22. <br /> <br /> <br />FINANCIAL IMPACT: The Five Year Capital Investment Plan is a long-range financial planning <br />tool with a financial impact in FY2018-23, if the first year of the CIP is approved by the Board of <br />County Commissioners with the adoption of the Annual Operating Budget. <br /> <br />SOCIAL JUSTICE IMPACT: There are no Social Justice Goal impacts associated with this <br />item. <br /> <br />RECOMMENDATION(S): The Manager recommends that the Board accept the Five Year <br />Capital Investment Plan and Approve the Intent to Adopt Capital Funding for FY2018-19.