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ATTACHMENT G
<br /> Schools Capital Projects Summary- RECOMMENDED
<br /> Fiscal Years 2019-24
<br /> 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"' 1,147,675 2,412,896 2,461,154 2,510,377 2,560,585 2,611,796 12,556,809 13,863,730
<br /> Lottery Proceeds(2) 815,174 823,719 843,376 843,376 843,376 843,376 843,376 4,216,880 4,216,880
<br /> Article 46 Sales Tax Proceeds(3) 1,055,203 1,108,915 1,223,319 1,272,252 1,323,142 1,376,068 1,431,110 6,625,890 8,061,409
<br /> Facility Improvements to Older Schools 601,000 607,300 601,400 601,400 1,202,800
<br /> 213 Net Debt Bonds 2,317,658 1,241,117 -
<br /> Recurring Capital Items 1,821,900 1,804,200 1,804,200 1,804,200 1,804,200 1,804,200 9,021,000 9,021,000
<br /> Deferred Maintenance Projects(4) 1,804,200 1,804,200 3,608,400 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 8,689,391 8,786,582 9,153,095 6,584,227 6,690,482 39,903,779 102,412,512
<br /> Orange County Schools
<br /> Long Range Capital
<br /> Debt Financing-Capital Projects(') 742,124 1,599,236 1,631,221 1,663,845 1,697,122 1,731,064 8,322,488 9,188,700
<br /> Lottery Proceedsl2) 541,188 532,643 558,978 558,978 558,978 558,978 558,978 2,794,890 2,794,890
<br /> Article 46 Sales Tax Proceeds(3) 700,543 717,061 810,801 843,233 876,962 912,041 948,522 4,391,560 5,343,004
<br /> Facility Improvements to Older Schools 399,000 392,700 398,600 398,600 797,200
<br /> 213 Net Debt Bonds 1,538,678 802,547 -
<br /> Recurring Capital Items 1,178,100 1,195,800 1,195,800 1,195,800 1,195,800 1,195,800 5,979,000 5,979,000
<br /> Deferred Maintenance Projects(0f 1,195,800 1,195,800 2,391,600 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 25,823,215 5,823,633 16,159,586 4,363,940 4,434,365 56,604,739 79,566,959
<br /> Durham Tech Community College(Orange County Campus)
<br /> Long Range Capital
<br /> State Bond-County Match(5/ - 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 34,512,606 14,610,214 25,312,680 10,948,169 11,124,847 96,508,517 208,527,082
<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 2,034,120 2,115,485 2,200,104 2,288,108 2,379,633 11,017,450 13,404,411
<br /> Capital Reserve Funds 3,000,000 3,000,000 6,000,000
<br /> Debt Financing-Durham Tech(Orange Cc Campus) - - - - - - - 26,547,911
<br /> Debt Financing-Bond Proceeds 85,400,000 - 20,064,000 - 14,536,000 - - 34,600,000 -
<br /> Debt Financing-213 Net Debt Bonds 3,856,336 2,043,664 - -
<br /> Debt Financing-School CapitakFacility,Improvements 1,000,000 5,889,799 8,012,132 8,092,375 7,174,222 7,257,707 7,342,861 37,879,296 161,562,988
<br /> 93,368,444 11,115,801 34,512,606 14,610,214 25,312,680 10,948,169 '1'1,124,847 96,508,517 208,527,082
<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).
<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 /> (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 /> (7)Includes construction of a new Academic Building(56,000 square foot)and surface parking of 250 spaces.
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