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5 <br /> • Scenario C2 <br /> o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> over ten years <br /> o Adds a $300 million school bond and $100 million in pay-as-you go (cash) <br /> o When combined with existing and planned resources, yields total school resources <br /> of $548 million which meets the Woolpert Option C target of $541.2 million with an <br /> additional $6.8 million to address other priority needs. <br /> • Scenario D <br /> o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> over ten years <br /> o Adds a $630 million school bond to fund Phases I & II over ten years <br /> o Does not include the third phase since it falls outside of the ten (10) year planning <br /> horizon <br /> o When combined with existing and planned resources, yields total school resources <br /> of $778 million which meets the Woolpert Option D target of $776.9 million for <br /> phases I & II with an additional $1.1 million to address other priority needs. <br /> Bond Funding Practice <br /> Historically, the County has allocated bond funds to the two school districts based on the average <br /> daily membership in place at the time the bond was authorized. In FY 2023-24, that would mean <br /> Chapel Hill-Carrboro City Schools would receive 58.44% of the funding, and Orange County <br /> Schools would receive 41.56% of the total. Unlike in the operating budget where average daily <br /> membership must be used to allocate funding, the County is not obligated to fund capital projects <br /> in the same way. <br /> Since the County now has a prioritized plan for school funding, bond funds could be allocated on <br /> a project basis instead of by average daily membership. Given that average daily membership <br /> helps to drive facility needs, moving to a project-based approach would not have a dramatic <br /> impact on these allocations. Based on the projects contained in Phase 1 of the Woolpert <br /> recommended Option D, Chapel Hill Carrboro City Schools would implement projects <br /> representing 58.2% of the total Phase 1 projects while Orange County Schools would implement <br /> projects representing 41.8% of the recommended amount. <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable to <br /> this item: <br /> • GOAL: ESTABLISH SUSTAINABLE AND EQUITABLE LAND-USE AND <br /> ENVIRONMENTAL POLICIES <br /> The fair treatment and meaningful involvement of people of all races, cultures, incomes <br /> and educational levels with respect to the development and enforcement of environmental <br /> laws, regulations, policies, and decisions. Fair treatment means that no group of people <br /> should bear a disproportionate share of the negative environmental consequences <br /> resulting from industrial, governmental and commercial operations or policies. <br /> ENVIRONMENTAL IMPACT: The following Orange County Environmental Responsibility Goal <br /> impacts are applicable to this item: <br /> • ENERGY EFFICIENCY AND WASTE REDUCTION <br /> Initiate policies and programs that: 1) conserve energy; 2) reduce resource consumption; 3) <br /> increase the use of recycled and renewable resources; and 4) minimize waste stream impacts <br /> on the environment. <br />