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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: August 21, 2001 <br />" ~ Action Agen a <br />Item No. ~~ <br />SUBJECT: Outstanding Budget and Capital Planning/Funding Issues Discussion <br />DEPARTMENT: County Manager/Budget PUBLIC HEARING: (YlN) No <br />ATTACHMENT(S): <br />Table of Outstanding Budget and Capital <br />Planning/Funding Issues <br />Table of Potential Funding Options for <br />Needs Presented to Capital Needs <br />Advisory Task Force <br />Tables and Graphs of Student Population <br />Projection Data <br />(all previously distributed with 8/14/01 <br />agenda item) <br />INFORMATION CONTACT: <br />John Link or Rod Visser, extension 2300 <br />Donna Dean, 245-2151 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To continue discussion begun at the August -14, 2001 regular meeting regarding <br />outstanding budgetary and capital planning and funding issues for the County and both school <br />systems. " <br />BACKGROUND: At the August 14 regular meeting, the Board of Commissioner began <br />discussion of outstanding capital planning/funding issues that were laid out in. two categories: <br />Category 1 -Those items that require further discussion no later than the Board's <br />upcoming August 30 work session. For the most part, these items are directly related to <br />the upcoming November 2001 bond referendum. The most important decisions to be <br />made involve the final amounts for each bond question that will be placed on the <br />November ballot, and the specific amounts of bond money earmarked for various school <br />and parks and open space projects. <br />Category 2 -Category 2 items are those that do not require immediate attention or final <br />decisions until after the August 30 work session. The Board has several work sessions <br />scheduled between September and January during which items identified in this category <br />may be addressed. <br />FINANCIAL IMPACT: Discussion at this and the next several BOCC meetings will determine <br />the amounts of each bond question included among the $75 million November 2001 bond <br />referenda, and will substantially shape the County's future capital and debt service budgets. <br />