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Abatement Projects <br />Project Category:School Capital Project Status:Active Project Type <br />Functional Service <br />Area:Education Proposed Bid <br />Award Date:TBD New <br />District: Chapel Hill-Carrboro <br />City Schools Starting Date:7/1/17 Expansion <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 /> <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 580,080 150,000 200,000 200,000 50,000 50,000 50,000 550,000 250,000 <br /> Equipment/Furnishings - <br /> Total Project Budget:580,080 150,000 200,000 200,000 50,000 50,000 50,000 550,000 250,000 <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 - 2/3 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/Addl Revenue - <br /> Total Operating Costs -------- <br />118