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Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br />Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br />Projects by School System 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Total Year 10
<br />
<br />Chapel Hill Carrboro City Schools
<br /> Long Range Capital
<br /> Debt Financing - Capital Projects(1)2,283,027 1,147,675 2,436,568 2,485,299 2,535,005 2,585,705 11,190,254 13,725,238
<br /> Lottery Proceeds (2)828,330 815,174 823,719 823,719 823,719 823,719 823,719 4,118,593 4,118,593
<br /> Article 46 Sales Tax Proceeds (3)903,670 1,055,203 1,108,915 1,153,272 1,199,403 1,247,379 1,297,274 6,006,243 7,307,512
<br /> Facility Improvements to Older Schools 600,900 601,000 607,300 607,300 607,300 1,821,900
<br /> 2/3 Net Debt Bonds 2,317,658 1,241,117 1,241,117
<br /> Recurring Capital Items 1,821,900 1,821,900 1,821,900 1,821,900 1,821,900 9,109,500 9,109,500
<br /> Deferred Maintenance Projects (4)31,515,493
<br /> Bond Referendum Projects (5)69,400,000 2,708,000 2,708,000
<br />Total 4,615,927 74,189,035 6,750,626 6,842,758 6,937,621 9,136,003 6,528,598 36,195,607 65,776,336
<br />Orange County Schools
<br /> Long Range Capital
<br /> Debt Financing - Capital Projects (1)1,516,319 742,124 1,575,564 1,607,076 1,639,217 1,672,002 7,235,982 8,875,186
<br /> Lottery Proceeds (2)528,032 541,188 532,643 532,643 532,643 532,643 532,643 2,663,217 2,663,217
<br /> Article 46 Sales Tax Proceeds (3)600,193 700,543 717,061 745,743 775,573 806,596 838,860 3,883,832 4,725,276
<br /> Facility Improvements to Older Schools 399,100 399,000 392,700 392,700 392,700 1,178,100
<br /> 2/3 Net Debt Bonds 1,538,678 802,547 802,547
<br /> Recurring Capital Items 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 5,890,500 5,890,500
<br /> Deferred Maintenance Projects (4)9,005,840
<br /> Bond Referendum Projects (5)15,964,000 15,964,000 15,964,000 31,928,000
<br />Total 3,043,644 19,143,409 4,365,175 20,388,751 4,486,091 20,120,556 4,221,605 53,582,178 31,160,019
<br />Durham Tech Community College (Orange County Campus)
<br /> Long Range Capital
<br /> State Bond - County Match (6)714,290 714,290
<br /> Construction/Expansion Project (7)- - 7,437,389 7,437,389 15,396,232
<br /> Total - - - - - 714,290 7,437,389 8,151,679 15,396,232
<br />
<br />Total all Schools 7,659,571 93,332,444 11,115,801 27,231,509 11,423,713 29,970,849 18,187,592 97,929,462 112,332,587
<br />
<br />Revenues/Funding Source
<br /> General Fund (Pay-As-You-Go)3,799,346 - -
<br /> Lottery Proceeds 1,356,362 1,356,362 1,356,362 1,356,362 1,356,362 1,356,362 1,356,362 6,781,810 6,781,810
<br /> Article 46 Sales Tax Proceeds 1,503,863 1,755,746 1,825,976 1,899,015 1,974,976 2,053,975 2,136,134 9,890,075 12,032,786
<br /> Debt Financing - Durham Tech (Orange Co Campus)- - - 714,290 7,437,389 8,151,679 15,396,232
<br /> Debt Financing - Bond Proceeds - 85,364,000 - 15,964,000 - 18,672,000 - 34,636,000 -
<br /> Debt Financing - 2/3 Net Debt Bonds 3,856,336 2,043,664 2,043,664
<br /> Debt Financing - School Capital/Facility Improvements 1,000,000 1,000,000 5,889,799 8,012,132 8,092,375 7,174,222 7,257,707 36,426,235 78,121,757
<br /> 7,659,571 93,332,444 11,115,801 27,231,509 11,423,713 29,970,849 18,187,592 97,929,462 112,332,587
<br />
<br />
<br />(6) Includes the County match for the Durham Technical Community College - Orange County Campus, based on the voter approved March 2016 State Bond.
<br />(3) Article 46 Sales Tax Proceeds reflect a 4.0% annual growth throughout the years of the CIP.
<br />(4) Includes deferred maintenance items related to the Facilities Assessment findings from both school systems; it does not include items/projects that add to school capacity.
<br />(7) Includes construction of a Health Technology Building (56,000 square foot) and surface parking of 250 spaces.
<br />Schools Capital Projects Summary - RECOMMENDED (REVISED)
<br />Fiscal Years 2018-23
<br />Note: School Construction is guided by the Schools Adequate Public Facilities Ordinance (SAPFO) projections of capacity and need. The FY 2018-23 CIP is based on the most recent
<br />proposed SAPFO projections shared with the Board of County Commissioners in December 2017, scheduled to be certified in Spring 2018.
<br />(1) Debt Financing is assumed to be utilized beginning in Year 1 for School Capital Projects instead of previously used Pay-As-You-Go funds; reflects a 2.0% annual growth throughout the years
<br />of the CIP.
<br />(2) Lottery Proceeds are assumed at the same amount throughout the remaining CIP period, based on the most recent lottery estimates from the State. The County uses Lottery Proceeds
<br />towards school debt service and substitutes that amount of proceeds as additional PAYG funds to each school system based on the Average Daily Membership (ADM).
<br />(5) Bond Referendum approved by voters in November 2016, with first issuance in Fall 2017, based on ADM at time of Bond Referendum approval.
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