Orange County NC Website
Recurring Capital Projects <br />Project Category:School Capital Project Status:New Project Type <br />Functional Service <br />Area:Education Proposed Bid <br />Award Date:TBD New <br />District:Orange County Schools Starting Date:On-going Expansion <br />Project Number:Various Completion Date:On-going Renovation X <br />Replacement X <br />Project Description/Justification:To address recurring capital projects as identified by the school system each <br />fiscal. The $1,178,100 each fiscal year represents OCS portion, based on the current ADM, of the $3,000,000 <br />provided schools each year for recurring capital projects. The funding source for these annual projects used to <br />be pay-as-you-go, but beginning in FY 2018-19, they will be debt financed. Examples of FY 2019-20 projects <br />include: mobile units, HVAC replacements, roof repairs, new classroom set-up, and environmental <br />maintenance. <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 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 5,890,500 5,890,500 <br /> Bond Projects - <br /> Equipment/Furnishings - <br /> Total Project Budget:- 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 5,890,500 5,890,500 <br />Revenues/Funding Source <br /> From General Fund (PAYG)- <br /> From Article 46 Sales Tax Proceeds <br /> Addtl PAYG (from Lottery Proceeds)- <br /> Debt Financing - Older Facilities - <br /> Debt Financing - School Improvements 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 5,890,500 5,890,500 <br /> Grant Funds - <br /> Total - 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 1,178,100 5,890,500 5,890,500 <br />Education Related Operating Costs <br /> Personnel Services - <br /> Operations - <br /> Recurring Capital <br /> New/Addl Revenue - <br /> Total Operating Costs -------- <br />148