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Abatement Projects <br /> Project Category: School Capital Project Status: Active Project Type <br /> Functional Service Education Proposed Bid TBD New <br /> Area: Award Date: <br /> District: Chapel Hill-Carrboro Starting Date: 7/1/17 Expansion <br /> City Schools <br /> Project Number: 54001 Completion Date: Ongoing Renovation X <br /> Replacement X <br /> Project Description/Justification: Funding of$150,000 in FY 2018-19 ' <br /> includes district abatement projects and the removal of asbestos floor tile at <br /> Phillips Middle School. Funding of$200,000 is included in FY 2019-20 and FY <br /> 2020-21, with $50,000 for each subsequent fiscal year for abatement projects <br /> throughout the distirct. <br /> FINANCIAL SUMMARY <br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 <br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to <br /> Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year10 <br /> Appropriation <br /> Land/Building <br /> Professional Services - <br /> Construction/Repairs/Renovations 580,080 150,000 200,000 200,000 50,000 50,000 50,000 550,000 250,000 <br /> EquipmentlFurnishings - <br /> Total Project Budget: 580,080 150,000 200,000 200,000 50,000 50,000 50,000 550,005 250,000 <br /> Revenues/Funding Source <br /> From General Fund(PAYG) 530,080 <br /> From Article 46 Sales Tax Proceeds - <br /> Addtl PAYG(from Lottery Proceeds) 50,000 150,000 50,000 50,000 50,000 150,000 250,000 <br /> Debt Financing-213 Net Debt Bonds - <br /> Debt Financing-School Improvements 200,000 200,000 400,000 <br /> Grant Funds - <br /> Total 580,080 150,000 200,000 200,000 50,000 50,000 50,000 550,000 250,000 <br /> Education Related Operating Costs <br /> Personnel Services - <br /> Operations <br /> Recurring Capital <br /> New/Add/Revenue <br /> Total Operating Costs <br /> 118 <br />