Orange County NC Website
Browse       Search
2 <br /> thirds debt reduction bonds that were sold by the County in Summer 2004. Staff plans to <br /> update the County's current Debt Issuance Schedule, endorsed by the Board on October 25, <br /> 2004, to reflect the most recent cash flow needs of the County and its bond partners, The <br /> updated schedule would be a topic at a future budget work session before the end of the <br /> current fiscal year. <br /> The Manager's recommendations for allocating future pay-as-you-go funds for County projects <br /> reflect "baseline" appropriations for various capital projects for 2005-06 and beyond, including a <br /> minimum amount for County recurring capital needs that should be appropriated each year. <br /> Depending on what decisions the BOCC makes in the coming weeks regarding the <br /> implementation of a particular 6040 capital funding option, there could be higher levels of <br /> capital funding available to address the documented County needs than the "baseline" figures <br /> which are the focus of this work session item. Presentations at this work session generally will <br /> not address the County's larger and longer-term facility needs as recently laid out in the March <br /> 2005 Space Needs Update. Recommended funding for those projects will be presented as part <br /> of the Manager's overall recommended Capital Investment Plan, which is expected to be <br /> presented to the Board in May 2005. <br /> FINANCIAL IMPACT: As noted for individual projects on accompanying spreadsheets. <br /> RECOMMENDATION(S): The Manager recommends that the Board receive the report for <br /> information and provide appropriate direction to the Manager and staff regarding Board capital <br /> funding priorities for 2005-15. <br />