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<br /> Deferred Maintenance
<br /> Deferred Maintenance Projects -CHCCS
<br /> Project Category School Project Status: Active Project Type
<br /> Functional ServlceArea; Education Proposed Bid Date: TBD New
<br /> School System: CHCCS Starting Date: 711/2021 Expansion
<br /> Completion Date: TBD Renovation X
<br /> Project Number: 54022 Replacement X
<br /> Project Description/Justification
<br /> The FY 2020-21 CIP included a supplemental funding program for deferred maintenance and life/safety
<br /> improvements. The program would involve a total of$30 million over the next three 13)years to expedite each
<br /> School District's backlog of deferred maintenance projects. Based on the FY 2020-21 Average Daily
<br /> Membership(ADM)percentage,CHCCS share will be$17,997,000 over the three(3)year period.
<br /> The Supplemental Deferred Maintenance program described above would use debt financing to supplement an
<br /> additional$3 million that is recommended to be funded using bond premiums that was earned when the
<br /> County issued$85.4 million in General Obligation Bonds in FY 2017-18. The$3 million appropriation in FY2020-
<br /> 21 will exhaust the bond premium earned in FY 2017-18. CHCCS share of this$3 million was$1,799,700 in
<br /> FY2020-21.
<br /> FINANCIAL SUMMARY
<br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 5
<br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br /> Project Budget Funding 2020-21 2021.22 2022.23 2023-24 2024.25 2025-26 Total Year10
<br /> Appropriation
<br /> Prolesslo>ralservices 1'3001000
<br /> constructlonlRe airs/Remwtions 1,804,21D0 2,299,701) 1o,n00,000 6,197,004 14,197,Dt10 49,207,493
<br /> Appropriation Total 1,804,21D0 3,599,704 10,000,000 6,197,004 16,197,000 49,207,493
<br /> Revenues/Funding Souree
<br /> Debt Financing-School Improvements 11800,000 10,000,000 61197,000 16,197,000 49,207,493
<br /> From Capital Reserve Funds 1,804,200 1,799,70D
<br /> Revenues/Funding Source Total 1,804,2W 3,599,70D 10,DDDAW 6,197,0W 16,197,000 49,207,493
<br /> A1111111111-
<br /> ORANGE COUNTY
<br /> NORTH CAROLINA
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