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<br /> RecurrinqCapital
<br /> Recurring Capital Projects - QCS
<br /> Project Category School Project Status: New Project Type
<br /> Functional Service Area: Education Proposed BTd Date: MID New
<br /> School System: oc5 Starting date: 7/1/2021 Expansion
<br /> Completion Crate: TBD Renovation X
<br /> ,Project Number: 51009 Replacement X
<br /> Pf0jeLt aesLriptionflustifiLation:
<br /> To address recurring capital projects as identified by the school system each fiscal. The $1,189,200 each
<br /> fiscal year represents 005 portion, based on the current ADM,of the $3,000,000 provided schools each year
<br /> for recurring capital projects. The funding source for these annual projects used to be pay-as-you-go, but
<br /> beginning in FY 2018-19,they changed to debt financing. Examples of FY 2021-22 projects include: mobile
<br /> units, HVAC replacements, roof repairs,new classroom set-up, computer equipment maintenance,and
<br /> environmental maintenance.
<br /> FINANCIAL SUMMARY
<br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br /> PFojrct6udRet Funding 2020-21 2021.22 2022.23 2023 24 2024-2S 202S.26 Total Year10
<br /> dpproprio ti on
<br /> Cons tructionfRe irsfRenouotions 2,373,900 1,200,300 111891200 11199,200 1,189,200 1,189,200 1,169,200 5,946,000 5,146,0o0
<br /> Appropriation Total ;,373,900 1,200,30ti 1,189,200 1,119,200 1,199,200 1,189,200 LIN,200 S,948,000 5,946,D00
<br /> Revenues/Funding Source
<br /> Debt Financing-$chooffrn rovements 2,373,900 1,200,100 L,1$9,200 1,189,200 1,L89,200 L,1$9,200 1,1$9,200 5046,000 S,946,600
<br /> Revenues/Fun ding Source Total 2,373,900 1,200,100 L,189,200 1,189,200 1,189,200 1,189,200 1,189,200 5,946,000 5,946,om
<br /> ORANGE COUNTY
<br /> NORTH CAROLINA
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