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School Summary - Funding Sources <br />FY 2019-24 Orange County Capital Investment Plan Projects <br />Note 1: The Article 46 one quarter cent sales tax proceeds includes the schools portion of the sales tax. <br />Note 2: School Construction is guided by the Schools Adequate Public Facilities Ordinance (SAPFO) projections of capacity and need. <br />(2) Lottery Proceeds are assumed at the same amount throughout the 5 year CIP period, based on the most recent lottery estimates from the State. The County <br />uses Lottery Proceeds towards school debt service and substitutes that amount of proceeds as additional PAYG funds to each school system based on the <br />Average Daily Membership (ADM). <br />(1) Capital Reserve Funds are assumed in FY 2019-20 and FY 2020-21 <br /> Capital <br />Reserve <br />Funds (1) <br />8.7% Lottery <br />Proceeds(2) <br />4.1% <br />Article 46 Sales <br />Tax <br />5.5% <br /> Debt Financing <br />81.7% <br />Year 1: FY 2019-20 <br />$34,377,501 <br /> Capital Reserve <br />Funds (1) <br />6.3% <br /> Lottery <br />Proceeds(2) <br />7.3% <br />Article 46 Sales <br />Tax <br />10.7% <br /> Debt Financing <br />75.7% <br />Years 1-5: FY 2019-24 <br />$95,776,745 <br />117