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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: April 20, 2005 <br />Action Agenda <br />Item No. 1 <br />SUBJECT: BudgetlCapital Funding Issues <br />DEPARTMENT: Manager/Budget PUBLIC HEARING: (YIN) Na <br />ATTACHMENT(S): INFORMATION CONTACT: <br />PawerPoint Presentations John Link or Rod Visser, ext 2300 <br />(to be provided under separate cover) Donna Dean, ext 2151 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To discuss various issues related to development of operating and capital <br />budgets for FY 2005-06 and beyond. <br />BACKGROUND: <br />a. 60-40 Capital Funding Options <br />At the Board's March 31, 2005 work session, the Board received a presentation from staff <br />regarding options to "operationalize" the BOCC's November 2004 policy that earmarks 60 <br />percent of capital funding for school projects and 40 percent of capital funding for County <br />projects far the next ten years. The Board noted that the options are quite complex, and that <br />additional time would be needed by the Board to fully understand the implications of the various <br />options, and to reflect, deliberate, and decide among them. <br />At this April 20 work session, staff plan to review in detail the revenue sources involved in the <br />current and proposed policies, including explanation of how the County and school capital <br />funding allocations are calculated mathematically. Working from the baseline funding option, <br />staff will then point out how assumptions change under Options 1-4 that were outlined at the <br />March 31 work session, and how those changes lead to differences in the way capital revenues <br />would be allocated among Orange County, Orange County Schools (OCS), and the Chapel Hill- <br />Carrboro City Schools (CHCCS). <br />In addition to the spreadsheets previously distributed for the March 31 work session, staff are <br />developing spreadsheets to address the Commissioner request related to an option that would <br />reduce by half the funding that OCS must earmark from its allocations to pay its remaining share <br />of the debt service for Cedar Ridge High School. These spreadsheets will be referenced in the <br />staff PawerPaint presentation, as will the questions and assumptions staff generated as part of <br />