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Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br />Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br />Projects by School System 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year 10
<br />Chapel Hill Carrboro City Schools
<br /> Long Range Capital
<br /> Debt Financing - Capital Projects(1)1,147,675 2,436,568 2,485,299 2,535,005 2,585,705 2,637,420 12,679,999 13,999,740
<br /> Lottery Proceeds (2)815,174 823,719 851,650 851,650 851,650 851,650 851,650 4,258,250 4,258,250
<br /> Article 46 Sales Tax Proceeds (3)1,055,203 1,108,915 1,153,272 1,199,403 1,247,379 1,297,274 1,349,165 6,246,493 7,599,813
<br /> Facility Improvements to Older Schools 601,000 607,300 607,300 607,300 1,214,600
<br /> 2/3 Net Debt Bonds 2,317,658 1,241,117 -
<br /> Recurring Capital Items 1,821,900 1,821,900 1,821,900 1,821,900 1,821,900 1,821,900 9,109,500 9,109,500
<br /> Deferred Maintenance Projects (4)1,821,900 1,821,900 3,643,800 67,249,493
<br /> Bond Referendum Projects (5)69,436,000 2,672,000 2,672,000
<br />Total 74,225,035 6,750,626 8,692,590 8,787,452 9,127,934 6,556,529 6,660,135 39,824,642 102,216,796
<br />Orange County Schools
<br /> Long Range Capital
<br /> Debt Financing - Capital Projects (1)742,124 1,575,564 1,607,075 1,639,217 1,672,001 1,705,441 8,199,298 9,052,688
<br /> Lottery Proceeds (2)541,188 532,643 550,704 550,704 550,704 550,704 550,704 2,753,520 2,753,520
<br /> Article 46 Sales Tax Proceeds (3)700,543 717,061 745,743 775,573 806,596 838,859 872,414 4,039,185 4,914,286
<br /> Facility Improvements to Older Schools 399,000 392,700 392,700 392,700 785,400
<br /> 2/3 Net Debt Bonds 1,538,678 802,547 -
<br /> Recurring Capital Items 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 /> Deferred Maintenance Projects (4)1,178,100 1,178,100 2,356,200 56,261,065
<br /> Bond Referendum Projects (5)15,964,000 20,064,000 11,864,000 31,928,000
<br />Total 19,143,409 4,365,175 25,684,911 5,682,253 16,038,617 4,239,664 4,306,659 55,952,104 78,872,059
<br />Durham Tech Community College (Orange County Campus)
<br /> Long Range Capital
<br /> State Bond - County Match (6)-547,290
<br /> Construction/Expansion Project (7)- 26,000,621
<br /> Total --- - - - - - 26,547,911
<br />Total all Schools 93,368,444 11,115,801 34,377,501 14,469,705 25,166,551 10,796,194 10,966,794 95,776,745 207,636,766
<br />Revenues/Funding Source
<br /> General Fund (Pay-As-You-Go)--
<br /> Lottery Proceeds 1,356,362 1,356,362 1,402,354 1,402,354 1,402,354 1,402,354 1,402,354 7,011,770 7,011,770
<br /> Article 46 Sales Tax Proceeds 1,755,746 1,825,976 1,899,015 1,974,976 2,053,975 2,136,134 2,221,579 10,285,678 12,514,097
<br /> Capital Reserve Funds 3,000,000 3,000,000 6,000,000
<br /> Debt Financing - Durham Tech (Orange Co Campus)- - - - - - - 26,547,911
<br /> Debt Financing - Bond Proceeds 85,400,000 - 20,064,000 - 14,536,000 - - 34,600,000 -
<br /> Debt Financing - 2/3 Net Debt Bonds 3,856,336 2,043,664 - -
<br /> Debt Financing - School Capital/Facility Improvements 1,000,000 5,889,799 8,012,132 8,092,375 7,174,222 7,257,707 7,342,861 37,879,296 161,562,986
<br />93,368,444 11,115,801 34,377,501 14,469,705 25,166,551 10,796,194 10,966,794 95,776,745 207,636,766
<br />(5) Bond Referendum approved by voters in November 2016, with first issuance in Fall 2017, based on ADM at time of Bond Referendum approval.
<br />(6) Includes the County match for the Durham Technical Community College - Orange County Campus, based on the voter approved March 2016 State Bond.
<br />(3) Article 46 Sales Tax Proceeds reflect a 4.0% annual growth throughout the years of the CIP.
<br />(4) Includes deferred maintenance items related to the Facilities Assessment findings from both school systems; it does not include items/projects that add to school capacity.
<br />(7) Includes construction of a new Academic Building (56,000 square foot) and surface parking of 250 spaces.
<br />Schools Capital Projects Summary - RECOMMENDED
<br />Fiscal Years 2019-24
<br />Note: School Construction is guided by the Schools Adequate Public Facilities Ordinance (SAPFO) projections of capacity and need. The FY 2019-24 CIP is based on the most recent
<br />proposed SAPFO projections shared with the Board of County Commissioners in December 2018, scheduled to be certified in Spring 2019.
<br />(1) Debt Financing is assumed to be utilized beginning in Year 1 for School Capital Projects instead of previously used Pay-As-You-Go funds; reflects a 2.0% annual growth throughout the years
<br />of the CIP.
<br />(2) Lottery Proceeds are assumed at the same amount throughout the remaining CIP period, based on the most recent lottery estimates from the State. The County uses Lottery Proceeds
<br />towards school debt service and substitutes that amount of proceeds as additional PAYG funds to each school system based on the Average Daily Membership (ADM).
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