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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: November 16, 2004 <br />Action Agen a <br />Item No. - <br />SUBJECT: School/County Capital Funding <br />DEPARTMENT: Commissioners/Manager PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Proposed Resolution <br />Chart -Long Range Capital Funding <br />Since 1988 <br />Table -Recap of Long Range Capital <br />Funding Since 1988 <br />Table -Voter Approved Bond Issues <br />Since 1988 <br />Table -Alternative Financing <br />INFORMATION CONTACT: <br />Barry Jacobs, ext 2125 <br />Rod Visser, ext 2300 <br />TELEPHONE NUMBERS: <br />Hillsborough <br />Chapel Hill <br />Durham <br />Mebane <br />732-8181 <br />968-4501 <br />688-7331 <br />336-227-2031 <br />PURPOSE: To consider a draft resolution governing the expenditure of capital funds an <br />Orange County government and public school facilities. <br />BACKGROUND: At the October 25, 2004 work session of the Orange County Board of <br />Commissioners, the Chair introduced a draft resolution that proposed increased attention to and <br />capital funding commitment to the growing list of County government facilities in need of <br />construction, expansion, or enhancement. The resolution specifically proposed that for the <br />decade beginning in 2005, that the County implement a policy of targeting 60 percent of capital <br />expenditures for school projects and 40 percent for County projects. School impact fees and <br />Public School Building Capital Funds (distributed by the State to counties on behalf of school <br />systems based on a portion of State corporate income taxes collected) are not included in this <br />policy and would accordingly be available to bath school systems in addition to the 60 percent <br />school share of capital funding proceeds. The Board did not act on the resolution at that <br />meeting, but directed staff to bring it back for discussion and consideration at the November 16, <br />2004 regular meeting. <br />Staff have compiled a number of attachments that document the allocation of capital funding <br />over the past fifteen years or so by the major capital revenue categories. Staff plan to provide a <br />more detailed PowerPoint presentation at the November 16 meeting regarding both historical <br />capital allocations and many (but not necessarily all) of the anticipated major school and County <br />capital project needs, both funded and unfunded. <br />Since the introduction of the proposed resolution, some concerns have been voiced regarding <br />the policy implications for needed new school facilities. It is important to note that in any case, <br />