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49 <br /> Attachment 4 <br /> Explanation of School Capital Funding <br /> Schools—Recurring Capital <br /> • Schools must use Recurring Capital outlay funds in one or more of the following categories: <br /> o Category I—Facility Improvements <br /> o Category II—Equipment and Furnishings <br /> o Category III—Vehicles and Bus Purchases <br /> Schools—Improvements to Older Facilities <br /> • When the 2016 Bond Referendum was approved for$120 million for Schools,the Board of <br /> County Commissioners also approved $5 million ($1 million over a 5-year period)for Schools to <br /> use towards improvements to their older facilities, as outlined in the Assessment studies of <br /> Older Facilities. This funding began in FY 2016-17 and the final year of this funding is scheduled <br /> for FY 2020-21. <br /> Schools—Other Various Projects <br /> • These funds are part of the annual funding provided to Schools to go towards their long range <br /> capital needs as outlined in the Capital Investment Plan. <br />