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11 <br /> 1 o Environmental Health and Public Safety Vehicle Replacements - <br /> 2 $1,280,961 <br /> 3 • Economic Development <br /> 4 o Piedmont Food Processing Facility- $115,000 <br /> 5 o Buckhorn EDD Sewer Engineering - $130,000 <br /> 6 • Caution <br /> 7 o Direct Financial Impacts to the County will Lag <br /> 8 o Most Acute Impact Expected on Sales Tax <br /> 9 o Potential Lingering Impact on the Real Estate Market <br /> 10 o Continuous Monitoring and Adiustments to Anticipated Fiscal Reality <br /> 11 <br /> 12 Capital Investment Plan by the Numbers <br /> 13 • Total Recommended Capital Expenditures - $36.5 million <br /> 14 o County Capital - $13.1 million <br /> 15 o Proprietary Funds - $3 million <br /> 16 o School Capital - $20.4 million <br /> 17 • Decrease from FY2019-20 - $12.5 million <br /> 18 o FY19-20 Included $20 million Bond Proceeds for Orange County Schools <br /> 19 o Last School Bond Draw Programmed in FY21-22 <br /> 20 ■ CHCCS - $1.9 million <br /> 21 ■ OCS - $11.3 million <br /> 22 Debt Service Increase - $3,163,144 <br /> 23 <br /> 24 FY 2019-20 CIP Expenditures- $49.0 Million / FY 20-21 CIP Expenditures - $36.5 million- <br /> 25 Graph <br /> 26 FY 2020-25 Recommended CIP Expenditures- graph <br /> 27 FY 2020-25 Recommended Financing Sources-graph <br /> 28 Debt Service Scheduled Based on FY 2020-25 Recommended CIP- graph <br /> 29 Proportion of County and School Debt Service-graph <br /> 30 Debt Service to General Fund Revenue Projection-graph <br /> 31 <br /> 32 Schedule for Consideration <br /> 33 • Introduction of the Capital Investment Plan —April 7 <br /> 34 • Work Session on Capital Investment Plan —April 14 <br /> 35 • Further Consideration through Budget Work Sessions <br /> 36 • Approval of the Operating and Capital Budget— June 16 <br /> 37 <br /> 38 Commissioner Dorosin said, based on existing bonds pending, the Board voted last year <br /> 39 to implement a tax increase incrementally, in anticipating of paying off those bonds. <br /> 40 Travis Myren said yes, but staff wants to manage the operations budget now to minimize <br /> 41 a tax increase. <br /> 42 Commissioner Dorosin said that is what he was going to ask. He asked if there is going <br /> 43 to be any potential legislation coming down the pike to leverage some negotiations. <br /> 44 Travis Myren said the $3 million is for the borrowing the County has already done. He <br /> 45 said he is not aware of any federal initiative and the general rule is you pay debt service first. <br /> 46 d. Approval of Budget Amendment#7-A for the Transfer of Funds from the Orange <br /> 47 County Local Rent Supplement Program to the Risk Mitigation and Housing <br /> 48 Displacement Fund <br /> 49 The Board considered voting to approve Budget Amendment#7-A for the transfer of <br /> 50 funds from the Orange County Local Rent Supplement Program (Local Vouchers) to the Risk <br />