Agenda - 08-31-2004-3 - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: August 31, 2004 Action Agenda Item No. 3 SUBJECT: Capital Budget Planninq DEPARTMENT: Manager/Budget PUBLIC HEARING: (Y/N) No ATTACHMENT(S): 8/1 1/04 Budget Director Memo INFORMATION CONTACT: John Link or Rod Visser, ext 2300 Donna Dean, ext 2151 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To discuss suggested timelines and approaches for the Board of Commissioners to review and deliberate about various outstanding capital policy and budgeting issues. BACKGROUND: In Spring 2004, during the review and discussion of Orange County's 2004- 05 operating budget and the 2004-14 Capital Investment Plan, the Board identified a number of capital and operating budget policy and funding issues that would need further discussion and decisions during the remainder of calendar year 2004. The accompanying memorandum from the Budget Director identifies some of the issues to be discussed and some suggested topics and meeting dates. This August 31 work session provides the Board with an opportunity to review identified capital and operating budget issues, to specify other related topics that the Board wishes to address, and to provide guidance regarding the schedule under which these issues should be presented for the Board's consideration. No decisions are expected of the Board at this meeting regarding individual project funding, revisions to existing capital policies, or the like, as those should be addressed during the coming months in accordance with the guidance forthcoming from the Board at this work session. FINANCIAL IMPACT: There is no direct financial impact associated with this agenda item, although decisions the Board will make in the coming months will have significant impacts on future capital and operating budgets. RECOMMENDATION(S): The Manager recommends that the Board consider a timeline anc approach far reviewing outstanding capital budget issues and provide appropriate direction to staff.