Agenda 04-02-2019 4-e - Presentation of Manager’s Recommended FY 2019-24 Capital Investment Plan

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3 Attachment 1 ORANGE COUNTY NORTH CAROLINA April 2, 2019 TO: Board of Orange County Commissioners FROM: Bonnie Hammersley County Manager Travis Myren Deputy County Manager RE: Manager's Recommended FY 2019-2024 Capital Investment Plan I am pleased to submit the County Manager's Recommended Capital Investment Plan (CIP) for FY 2019-24 for your consideration. The CIP serves two important functions. First, it authorizes capital appropriations for the next fiscal year, but it also serves as a plan for the future. The Plan contains detailed recommendations for capital projects five years into the future and more general descriptions of projects proposed in the subsequent five years, projecting capital spending a total of ten years into the future. These future project plans are integrated into the County's debt model and budget projection model for long term financial forecasting. Recommended capital expenditures for FY 2019-20 total $47.4 million. Of this amount, $10.1 million is recommended for County capital projects, $2.9 million is recommended for proprietary fund spending including water and sewer projects, Solid Waste, and Sportsplex, and $34.4 million is recommended for school capital improvements. The recommended FY 2019-20 CIP represents a decrease of approximately $19.3 million compared to the FY2018-19 Amended CIP. The FY2018-19 amended capital budget included several large projects such as the second allocation of the affordable housing bond ($2.5 million), the Northern County Campus ($34.7 million), the Southern Branch Library ($5.6 million), and building remediation projects ($3.5 million). This memorandum describes projects that are recommended in the first year of the FY2019-24 CIP and other significant changes that are recommended for consideration in future years.