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5 <br /> 1 <br /> 2 BACKGROUND: Each year, the County produces a Capital Investment Plan (CIP) that <br /> 3 establishes a budget planning guide related to capital needs for the County as well as Schools. <br /> 4 The current CIP consists of a 5-year plan that is evaluated annually to include year-to-year <br /> 5 changes in priorities, needs, and available resources. Approval of the CIP commits the County to <br /> 6 the first year funding only of the capital projects; all other years are used as a planning tool and <br /> 7 serves as a financial plan. <br /> 8 <br /> 9 Capital Investment Plan—Overview <br /> 10 The FY 2020-25 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> 11 School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and <br /> 12 Durham Technical Community College—Orange County Campus projects. The Proprietary <br /> 13 Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> 14 <br /> 15 The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> 16 property tax growth over the next five years, and 4% sales tax growth in Years 2-5. Sales Tax <br /> 17 proceeds for Year 1 (FY 2020-21) are estimated to decline by 4.5% due to the current <br /> 18 coronavirus pandemic. Many of the projects in the CIP will rely on debt financing to fund the <br /> 19 projects. <br /> 20 <br /> 21 This discussion focuses on Schools CIP projects and the Durham Technical Community College <br /> 22 —Orange County Campus new academic building project. Note: The page numbers referenced <br /> 23 are as they appear in the CIP document. See Attachment A for the Overall CIP Summary(page <br /> 24 19), and School CIP Projects Summary(pages 24 and 101). <br /> 25 <br /> 26 FINANCIAL IMPACT: There is no immediate financial impact associated with discussion of <br /> 27 the FY 2020-25 Capital Investment Plan. It is a long-range financial planning tool with a <br /> 28 financial impact in FY 2020-21, if the first year of the CIP is approved by the Board of County <br /> 29 Commissioners with the adoption of the Annual Budget. <br /> 30 <br /> 31 Travis Myren and Paul Laughton, Finance and Administrative Services, made the <br /> 32 following PowerPoint presentation: <br /> 33 <br /> 34 ORANGE COUNTY <br /> 35 CAPITAL INVESTMENT PLAN <br /> 36 School Districts and Durham Tech <br /> 37 FY2020-25 <br /> 38 Board of Orange County Commissioners <br /> 39 <br /> 40 FY 2020-21 CIP (pie chart) <br /> 41 FY2020-25 Recommended Capital Investment Plan Funding and Expenditure Cate2ories- <br /> 42 graph <br />