Agenda Attachment D - FY2019-2024 Manager Recommended Capital Investment Plan

Browse Search

Athletic Facilities Project Category:School Capital Project Status:Active Project Type Functional Service Area:Education Proposed Bid Award Date:TBD New District: Chapel Hill-Carrboro City Schools Starting Date:7/1/17 Expansion Project Number:54002 Completion Date:6/30/20 Renovation X Replacement X Project Description/Justification:Funding of $162,262 in FY 2018-19 includes athletic field improvements at Carrboro High School, and funding of $475,000 in FY 2019-20 includes athletic fields improvements at East Chapel Hill High School and begins the rebuilding work on the six (6) tennis courts at Smith Middle School, and $491,418 in FY 2020-21 includes the completion of the rebuilding work of the tennis courts at Smith Middle School, and athletic fields improvements at East Chapel Hill High School and Carrboro High School. FINANCIAL SUMMARY Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year 10 Appropriation Land/Building - Professional Services - Construction/Repairs/Renovations 1,345,000 162,262 475,000 491,418 966,418 Equipment/Furnishings - Total Project Budget:1,345,000 162,262 475,000 491,418 - - - 966,418 - Revenues/Funding Source From General Fund (PAYG)959,088 --- From Article 46 Sales Tax Proceeds Addtl PAYG (from Lottery Proceeds)451,513 451,513 Debt Financing - 2/3 Net Debt Bonds 385,912 162,262 - Debt Financing - School Improvements 23,487 39,905 - 63,392 Grant Funds - Total 1,345,000 162,262 475,000 491,418 - - - 966,418 - Education Related Operating Costs Personnel Services - Operations - Recurring Capital New/Addl Revenue - Total Operating Costs -------- 120