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

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Energy Efficiency/Lighting Improvements 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:54003 Completion Date:Ongoing Renovation X Replacement X Project Description/Justification:Funding of $232,480 in FY 2018- 19 and $200,137 in FY 2019-20 includes complete conversion from pneumatic to digital controls at McDougle Elementary; Funding of $200,000 in FY 2021-22 includes replacement of pneumatic controls at Ephesus and Seawell Elementary Schools, and funding of $200,000 in FY 2022-23 and $304,070 in FY 2023-24 includes the conversion from pneumatic controls to digital controls at East Chapel Hill 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 475,000 232,480 200,137 - 200,000 200,000 304,070 904,207 Equipment/Furnishings - Total Project Budget:475,000 232,480 200,137 - 200,000 200,000 304,070 904,207 - Revenues/Funding Source From General Fund (PAYG)350,000 - From Article 46 Sales Tax Proceeds - Addtl PAYG (from Lottery Proceeds)107,323 60,137 - 200,000 200,000 304,070 764,207 - Debt Financing - 2/3 Net Debt Bonds 17,677 218,787 - Debt Financing - School Improvements 13,693 140,000 140,000 Grant Funds - Total 475,000 232,480 200,137 - 200,000 200,000 304,070 904,207 - Education Related Operating Costs Personnel Services - Operations - Recurring Capital New/Addl Revenue - Total Operating Costs -------- 125