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5 <br /> The work group had its first meeting on November 29, 2021. It generally meets on <br /> the third Wednesday of the month and is open to the public to attend remotely. It <br /> has met virtually seven times. (Meeting notes can be found in Appendix 1.) <br /> There are 32 K-12 school campuses in Orange County operated by two school <br /> districts. These campuses serve nearly 20,000 students and 2,500 employees every <br /> day. Over half of the campuses are over 50 years old. Some date back to the 1950s. <br /> (See Appendix 2 with lists of all school buildings and their age.) <br /> Funding for school capital needs is included in the Orange County Capital <br /> Investment Plan (CIP). Starting in fiscal year 2022, the CIP projects capital projects <br /> for 10 years (an increase from the 5 years in prior years). Each year the BOCC <br /> approves the capital funding for the current fiscal year providing flexibility for re- <br /> prioritization as necessary. <br /> School capital funding sources include the following: <br /> • General obligations bonds that require voter approval <br /> • Limited obligation bonds that are secured with assets <br /> • Lottery funds <br /> • Pay as you go funding (PAYGO). PAYGO funding is funding that comes from <br /> general fund revenues. <br /> • 50% of Article 46 quarter-cent sales tax revenue for capital/technology <br /> needs. <br /> Funding is allocated to the two school systems based on average daily membership <br /> (ADM) that is set by the North Carolina Department of Public Instruction. While <br /> state law requires school operating funds to be allocated by ADM, state law does not <br /> require capital expenditures to be allocated the same way. <br /> Over the past 5 years $154.6 million has been spent on school capital needs. (See <br /> table C for a breakdown by category). The last general obligation bond was in 2016 <br /> for$125 million while the school district capital needs were $232 million. The <br /> amount of unfunded school capital needs is estimated at over $500 million. Both <br /> school districts are currently developing updated 10-year plans. The CIP has $307.3 <br /> million planned for schools for the next ten years. The county's current capital plan <br /> and financing does not anticipate funding major improvements to schools through <br /> new bond funding before 2027. <br /> Table B: 5 Year Historical Capital Expenditures by Category <br /> Category Total <br /> Deferred Maintenance $3,122,950 <br /> Supplemental Deferred $1,808,999 <br /> Maintenance <br /> Vehicles $167,971 <br /> Rental S ace $663,705 <br /> Safety/Security Improvements $2,537,832 <br /> Construction $91,663,739 <br /> Chapel Hill HVAC $791 <br /> Athletic Facilities $713,786 <br /> 3 <br />