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10 <br /> 1 Durham Technical Community College — Orange County Campus projects. The Proprietary <br /> 2 Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> 3 <br /> 4 The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> 5 property tax growth and 4% sales tax growth over the next ten years. Many of the projects in <br /> 6 the CIP will rely on debt financing to fund the projects. <br /> 7 <br /> 8 The items below include revisions made to the following Capital Projects since the presentation <br /> 9 of the Manager's Recommended Capital Investment Plan on April 4, 2023: <br /> 10 <br /> 11 As a part of the annual budget process, adjustments are made to the allocation of school <br /> 12 funding based on changes to the FY 2023-24 budgeted average daily membership <br /> 13 (ADM) percentages. At the time of the Capital Improvement Plan presentation, only FY <br /> 14 2022-23 ADM information was available. The impact of these numbers changed the <br /> 15 CHCCS percentage from 58.78% to 58.44%, and changed the OCS percentage from <br /> 16 41.22% to 41.56%. This adjustment is accounted for prior to the Board amendment to <br /> 17 adjust the Article 46 capital allocation policy. <br /> 18 <br /> 19 Travis Myren continued the following presentation: <br /> 20 <br /> 21 Slide #8 <br /> Capital Investment Plan Amendments <br /> Page <br /> CIP-001 Bedford 114 Cmdal hangs Percy for allocallon of Article 46 proceeds to so SD <br /> school doW by exdudirg Crier Students In <br /> brawla Thls prowdes CHCCSan aWonal S75,50 <br /> n NroUg for technology Wel expenses, ao <br /> duces GCS's funding by the some amount. <br /> CIk2 Greene 35 Housing forward$`M fundang for Affordable Horsing S 5,X0,000 5 5.000,W0 <br /> rojed from year 2(FY 2024.25)to year 1(FY 2023• <br /> 4) <br /> GRANGE COUNTY <br /> e nrc�i�-r1-�c-rarzc�s_iran <br /> 22 <br /> 23 Chair Bedford explained budget amendment CIP-001, which she sponsored. She said <br /> 24 this amendment proposes changing the formula for distribution of Article 46 proceeds to the <br /> 25 school districts to exclude charter students. She said this money is used for technology and <br /> 26 does not flow out to charter students like the per pupil funding does. She said it doesn't make <br /> 27 sense to fund technology for students who are not in the building. She said she is not proposing <br /> 28 changing all of capital funding to exclude charter students in the formula because there are still <br /> 29 fixed costs associated with capital that would not change because a group of students goes to a <br />