Orange County NC Website
9 <br /> Purpose of Future Years — page 4 <br /> • Board approves Year 1 as the Capital Budget for that fiscal year <br /> — Future years remain flexible to adapt to changing needs, circumstances, and Board <br /> priorities <br /> • Why are the future years important? <br /> — Long Range Financial Planning <br /> • Debt to General Fund Revenue Policy <br /> • Implications for Debt Service requirements and the overall expenditure and <br /> revenue plan <br /> — Project Management <br /> • Resolve project contingencies prior to appropriation <br /> • Create staffing plan to manage future projects <br /> Capital Investment Plan Amendments — page 5 <br /> Debt Service to General Fund Revenue Analysis <br /> 15% Policy Target <br /> Year Recommended CIP 619 Approved All Proposed <br /> Amendments Amendments <br /> 2021 14.12% 14.12% 14.12% <br /> 2022 16.43% 16.40% 16.41% <br /> 2023 16.19% 16.25% 16.15% <br /> 2024 16.22% 16.69% 16.29% <br /> 2025 15.18% 15.90% 15.20% <br /> 2026 14.44% 15.13% 14.31% <br /> Capital Investment Plan Amendments — page 6 <br /> Tax Equivalent debt Service Analysis <br /> in Cents per$100 Valuation <br /> Year Recommended CIP Approved 619 All Proposed <br /> Amendments Amendments <br /> 2021 1.37 1.37 1.37 <br /> Oe6w with Emergency Muusures Deluyed with Emergency Menu res Duluyed with Brrerguny Meusures <br /> 2022 3.48 3.44 3.44 <br /> 2023 0.11 - <br /> 2024 0.36 1.01 0.48 <br /> 2025 <br /> TOTAL 1 5.21 1 5.93 1 5.29 <br />