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44 <br /> 1 Slide #2 <br /> SCHOOL CAPITAL FUNDING POLICIES <br /> Board of County Commissioners has significant <br /> power in setting the priorities of school capital <br /> funding <br /> • Board may allocate capital funds by purpose, <br /> function or project. <br /> • Board can choose when and how it appropriates <br /> funding. <br /> County can directly manage either project <br /> management or construction of school facilities. <br /> ORANGE COUNTY <br /> [`Curl-H C.AROLI\A <br /> 2 <br /> 3 Chair Bedford asked if purpose and function mean the same thing. <br /> 4 Bob Jessup, the county's bond attorney, said they are not the same, but it is related to <br /> 5 how they already appropriate money to the schools. He said that a function could be something <br /> 6 that goes across to all schools and a purpose would be narrower and the best way to make the <br /> 7 distinction is project vs purpose. <br /> 8 <br /> 9 Slide #3 <br /> SCHOOL CAPITAL FUNDING POLICIES <br /> Current Practice <br /> • County staff sets funding amounts for each source and <br /> informs the school districts. <br /> • County receives project list from school districts for <br /> presentation purposes, but group them into broad <br /> projects. <br /> — Ex. Technology, Glassroom Improvements, Electrical, Recurring <br /> Capital, Deferred Maintenance. <br /> • Once Purpose projects are authorized, school districts are <br /> fully able to use funds for any projects within those broad <br /> purposes. Not required to complete original projects. <br /> ORANGE COUNTY <br /> I`OWI-FI C:AROLINA <br /> 10 <br />