Orange County NC Website
Browse       Search
141 <br /> Deferred Maintenance Funds for School Capital Projects <br /> The FY 2020-21 Commissioner Approved Budget includes $3,000,000 allocated by ADM towards <br /> deferred maintenance needs as addressed in both districts' assessment of older facilities in the <br /> following amounts: Chapel Hill-Carrboro City Schools' appropriation of$1,799,700, and Orange <br /> County Schools appropriation of$1,200,300. <br /> See Attached for a Schools Summary as presented in the Capital Investment Plan <br /> (CIP), which reflects total Capital related funding. <br /> Debt Service <br /> These funds repay principal and interest due on School related debt, including general obligation <br /> bonds and private placement loans. For FY 20-21, total debt service related to Schools total <br /> $18,297,557. Principal and Interest for General Obligation (GO) Bonds is $8,892,548 and <br /> Principal and Interest for Non-General Obligation Bonds is $9,405,009. <br />