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- ~, 9 <br />®urharnTechnical <br />C®n1n~~n~ty <br />Co~~eg~ Training for the Triar, <br />January 10, 2001 ~ . ,Serving Durham and Prange Coun~ <br />Donna Dean <br />Orange County Budget Direcfior <br />208 South Cameron St <br />Past Office Box 8181 <br />Hillsborough, NC 27278 <br />Dear Donna, <br />The attached budget summary includes the following assumptions: <br />• Operating Expendrfa.ues of the facilities at curr~rrt year cost, <br />• 30,Q00 square feet building in Orange County, <br />• Local shall fully fund are receptia~/deriral and maims n~chania Remaining <br />staff is shared befin~en Durum Courtly and Orange County, ~ ' <br />• one time expeatditun~ not indude4 (eg. moving cos4s. te~aa~e s~rstem, security <br />~)~ <br />• ~ 15 hours/day, 6 days/w+aek security, <br />• Utilities based on Northern DurFraan Campus, <br />• Insrirance based ~ projections frvrn agerrt, . <br />Operating expenditures at current cost appro~amate $422,145 annually. Inflation <br />factors of 4% per year (five-years will increasz the expenditure to $SOOk when the <br />building is completed, Additional funds should be allocated for capital requests <br />$75k-$100k per year. <br />Call me at 919,fi86-3720 if you need additional information. <br />Sincerely, <br />~. <br />Cynthia Carter ' <br />Chief Financial-Officer _ <br />Durham Technical Community College ' <br />Enclosure (1) <br />cc: Barbara Baker <br />_ Dr. Phail Wynn <br />