Orange County NC Website
Technology <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:Orange County Schools Starting Date:7/1/17 Expansion <br />Project Number:51011 Completion Date:Ongoing Renovation X <br />Replacement X <br />Project Description/Justification:Funding in each fiscal year <br />from Article 46 Sales Tax proceeds includes technology <br />upgrades and debt service payments related to the 1:1 laptop <br />initiative district-wide. Funding in each fiscal year from <br />additional pay-as-you-go funds includes technology upgrades <br />district-wide. <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 /> Equipment Upgrades 4,143,839 310,274 348,472 378,202 379,404 411,667 445,222 1,962,967 2,432,710 <br /> Equipment - Debt Service Payments 570,079 570,079 570,079 570,079 600,000 600,000 600,000 2,940,158 3,000,000 <br /> Total Project Budget:4,713,918 880,353 918,551 948,281 979,404 1,011,667 1,045,222 4,903,125 5,432,710 <br />Revenues/Funding Source <br /> From General Fund (PAYG)2,991,313 - <br /> From Article 46 Sales Tax Proceeds 1,300,736 717,061 745,743 775,473 806,596 838,859 872,414 4,039,085 4,914,286 <br /> From Other School Projects 244,099 <br /> Addtl PAYG (from Lottery Proceeds)177,770 163,292 172,808 172,808 172,808 172,808 172,808 864,040 518,424 <br /> Debt Financing - <br /> Grant Funds - <br /> Total 4,713,918 880,353 918,551 948,281 979,404 1,011,667 1,045,222 4,903,125 5,432,710 <br />Education Related Operating Costs <br /> Personnel Services - <br /> Operations - <br /> Recurring Capital <br /> New/Addl Revenue - <br /> Total Operating Costs -------- <br />151