Agenda - 03-31-2005-6 - Laserfiche WebLink

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staff will immediately proceed to distribute the underlying ten-year capital revenue projections to both school systems. Those ten-year projections will become the basis for both the County and Schools' 2005-15 Capital Investment Plans. Staff would expect to be able to present the recommended County CIP to the Board at the April 14 budget work session, and the Schools' requested CIPs to the Board at the May 5 budget work session. If the BOGC determines that it needs to consider additional options and/or to deliberate further over the ones presented at this March 31 work session, staff will need to develop an alternate timeline for presentation and consideration of the County and Schools' 2005-15 CIPs. After the Board makes a determination, either at this work session or during a subsequent meeting, about which 60-40 capital funding option it wishes to have staff implement, staff will bring back for formal BOCC adoption a revision to the Febrtaary 1998 capital funding policy that will reflect the decisions made by the BOCC. FINANCIAL IMPACT: As noted in the staff presentation and accompanying spreadsheets. RECOMMENDATION(S): The Manager recommends that the Board receive and discuss the options related to the 60-40 targeted capital funding split, and provide direction (at this work session or a subsequent meeting) on a revised capital funding policy that reflects the Board's chosen option to operationalize the 60-40 capital funding target.