Orange County NC Website
Browse       Search
6 <br /> 1 A motion was made by Commissioner McKee, seconded by Commissioner Greene, to <br /> 2 adopt the FY 2022-23 Budget Ordinances and the FY 2022-23 County Fee Schedule, <br /> 3 consistent with the parameters outlined in the Board's "Resolution of Intent to Adopt the FY <br /> 4 2022-23 Orange County Budget." <br /> 5 <br /> 6 VOTE: UNANIMOUS <br /> 7 <br /> 8 b. Accept the Ten-Year Capital Investment Plan (CIP) and Approve the Orange County <br /> 9 Overall CIP Projects of$40,610,532 for FY 2022-23 <br /> 10 The Board accepted the FY 2022-32 Orange County Five-Year Capital Investment Plan (CIP), <br /> 11 and considered approving the Orange County Overall CIP Projects of$40,610,532 for FY 2022- <br /> 12 23. <br /> 13 <br /> 14 BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) <br /> 15 that establishes a budget planning guide related to capital needs for the County as well as <br /> 16 Schools. The current CIP consists of a 10-year plan that is evaluated annually to include year- <br /> 17 to- year changes in priorities, needs, and available resources. Approval of the CIP commits the <br /> 18 County to the first year funding only of the capital projects; all other years are used as a <br /> 19 planning tool and serves as a financial plan. <br /> 20 <br /> 21 Capital Investment Plan — Overview <br /> 22 The FY 2022-32 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> 23 School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and <br /> 24 Durham Technical Community College — Orange County Campus projects. The Proprietary <br /> 25 Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> 26 <br /> 27 The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> 28 property tax growth over the next five years, and 4% sales tax growth. Many of the projects in <br /> 29 the CIP will rely on debt financing to fund the projects. <br /> 30 <br /> 31 Attachment 1 is the FY 2022-32 Capital Investment Plan Overall Summary of $40,610,532 <br /> 32 (individual projects were provided to the Board of County Commissioners at previous work <br /> 33 sessions, and revised project funding was discussed at the June 9, 2022 budget work session). <br /> 34 <br /> 35 Attachment 2 lists County Capital Projects Summary totaling $10,854,009 in FY 2022-23 (Year <br /> 36 1). <br /> 37 <br /> 38 Attachment 3 lists Proprietary Capital Projects Summary totaling $1,242,363 in FY 2022-23 <br /> 39 (Year 1). <br /> 40 <br /> 41 Attachment 4 lists School Capital Projects Summary totaling $28,514,160 in FY 2022-23 (Year <br /> 42 1). <br /> 43 <br /> 44 Travis Myren continued with the following PowerPoint presentation: <br /> 45 <br /> 46 <br />