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ORANGE COUNTY <br /> NORTH CAROLINA <br /> April 2, 2019 <br /> TO: Board of Orange County Commissioners <br /> FROM: Bonnie Hammersley <br /> County Manager <br /> Travis Myren <br /> Deputy County Manager <br /> RE: Manager's Recommended FY 2019-2024 Capital Investment Plan <br /> I am pleased to submit the County Manager's Recommended Capital Investment Plan (CIP) for <br /> FY 2019-24 for your consideration. The CIP serves two important functions. First, it authorizes <br /> capital appropriations for the next fiscal year, but it also serves as a plan for the future. The <br /> Plan contains detailed recommendations for capital projects five years into the future and more <br /> general descriptions of projects proposed in the subsequent five years, projecting capital <br /> spending a total of ten years into the future. These future project plans are integrated into the <br /> County's debt model and budget projection model for long term financial forecasting. <br /> Recommended capital expenditures for FY 2019-20 total $47.4 million. Of this amount, $10.1 <br /> million is recommended for County capital projects, $2.9 million is recommended for <br /> proprietary fund spending including water and sewer projects, Solid Waste, and Sportsplex, and <br /> $34.4 million is recommended for school capital improvements. <br /> The recommended FY 2019-20 CIP represents a decrease of approximately $19.3 million <br /> compared to the FY2018-19 Amended CIP. The FY2018-19 amended capital budget included <br /> several large projects such as the second allocation of the affordable housing bond ($2.5 <br /> million), the Northern County Campus ($34.7 million), the Southern Branch Library ($5.6 <br /> million), and building remediation projects ($3.5 million). <br /> This memorandum describes projects that are recommended in the first year of the FY2019-24 <br /> CIP and other significant changes that are recommended for consideration in future years. <br /> 7 <br />