Orange County NC Website
Browse       Search
Sportsplex - Fitness <br />Project Category:Sportsplex Capital Project Status:Active Project Type <br />Functional Service <br />Area:Community Services Proposed Bid <br />Award Date:N/A New <br />X <br />Department:Sportsplex Starting Date:7/1/19 Expansion <br />Project Number:Fund 53 Completion Date:Ongoing Renovation <br />Replacement X <br />Project Description/Justification:Funding in FY <br />2018-19 provided new equipement for the Field House <br />training center. FY 2020-21 and FY 2022-23 includes <br />$100,000 in each fiscal year for replacement and <br />upgrade of fitness equipment. Based on industry <br />standards, heavy use commercial cardio equipment <br />has a useful life of approximately three (3) years. <br /> <br /> <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 Year 10 <br />Appropriation <br /> Land/Building - <br /> Professional Services - <br /> Construction/Repairs/Renovations -- <br /> Equipment/Furnishings - <br /> Fitness Equipment (Upgrade/Replacement)200,000 100,000 100,000 100,000 200,000 250,000 <br /> Total Project Budget:200,000 100,000 - 100,000 - 100,000 - 200,000 250,000 <br />Revenues/Funding Source <br /> Debt Financing - <br /> Sportsplex Funds 200,000 100,000 - 100,000 - 100,000 - 200,000 250,000 <br /> Total 200,000 100,000 - 100,000 - 100,000 - 200,000 250,000 <br />Sportsplex Related Operating Costs <br /> Personnel Services - <br /> Operations - <br /> Recurring Capital <br /> New/Addl Revenue - <br /> Total Operating Costs -------- <br />111