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<br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br /> <br />ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 11, 2019 <br /> Action Agenda <br /> Item No. 2 <br /> <br />SUBJECT: Discussion and Decisions of FY2019-20 Capital Investment Plan <br /> <br />DEPARTMENT: County Manager and Finance and Administrative Services <br /> <br />ATTACHMENT(S): <br />A. FY2019-24 Capital Investment Plan <br />Budget Amendment List <br /> (Updated list to be provided at <br /> the meeting) <br /> <br /> <br />INFORMATION CONTACT: <br />Bonnie Hammersley, (919) 245-2300 <br />Travis Myren, (919) 245-2308 <br />Gary Donaldson, (919) 245-2453 <br />Paul Laughton, (919) 245-2152 <br /> <br /> <br />PURPOSE: FY2019-24 Capital Investment Plan - Accept the Five Year Capital Investment Plan <br />and Approve the Intent to Adopt Capital Funding for FY2019-20. <br /> <br />BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) <br />that establishes a budget planning guide related to capital needs for the County as well as <br />Schools. The current CIP consists of a 5-year plan that is evaluated annually to include year-to- <br />year changes in priorities, needs, and available resources. Approval of the CIP commits the <br />County to the first year funding only of the capital projects; all other years are used as a <br />planning tool and serves as a financial plan. <br /> <br />Capital Investment Plan – Overview <br />The FY 2019-24 CIP includes County Projects, School Projects, and Proprietary Projects. The <br />School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and <br />Durham Technical Community College – Orange County Campus projects. The Proprietary <br />Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> <br />The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br />property tax growth and 4% in sales tax growth annually over the next five years. Many of the <br />projects in the CIP will rely on debt financing to fund the projects. <br />The items below include revisions made to the following Capital Projects since the presentation <br />of the Manager’s Recommended Capital Investment Plan on April 2, 2019: <br /> <br />• At the May 23, 2019 Budget Work Session, staff included a revised Schools Capital <br />Projects Summary reflecting adjustments made in regards to an increased amount of <br />Article 46 Sales Tax funding, as well as changes to the FY 2019-20 budgeted ADM <br />percentages, based on changes made from the time of the original CIP presentation and <br />the FY 2019-20 Manager’s Recommended Operating Budget presentation. The impact <br />of these #’s changed the CHCCS % from 60.73% to 60.14%, and changed the OCS % <br />from 39.27% to 39.86%.