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29 <br /> 1 Gary Donaldson said that the manager's presentation will go through key assumptions. <br /> 2 He said that for sales tax, estimate reports come out in March, and is tested against our own <br /> 3 model. <br /> 4 Bonnie Hammersley said that she is required to recommend a budget to the <br /> 5 commissioners per state law and will provide a preview of the assumptions she is using for the <br /> 6 budget. She said that after the presentation of the budget, commissioners may make <br /> 7 amendments to the budget. She said that most assumptions will come from this model and that <br /> 8 it has been shown to be extremely accurate. She said that the only time it was not was during <br /> 9 the current year when the county didn't anticipate the growth in sales tax due to the pandemic. <br /> 10 <br /> 11 Slide #13 <br /> DEBT MODEL <br /> ORANGE COUNTY <br /> NORT]I CAROLINA <br /> 12 <br /> 13 <br /> 14 Slide #14 <br /> Capital Funding Policies <br /> Current Policy <br /> • Debt Policies Incorporated In the CIP <br /> Approved Debt Financed Projects permanently in CIP and Debt Model <br /> • Years 6-10 Projects CurrentlyLumpedSum <br /> 16 Year Average:40%County Capital and 60%SC1104ls <br /> Prmposed Policy Changes <br /> - Years 5-10 Projects Detailed <br /> • Prior Approved CIP Projects Over Three Years and No Activity, <br /> Resubmit and Manager and Board Approval(Z iFe-Safety ExeepYkm <br /> - Years 5-10 Year Projects to be Delineated by Year and Prioritized <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 15 <br /> 16 <br /> 17 <br />