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44 <br /> 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 /> NORM CAWLINA <br /> Chair Bedford asked if purpose and function mean the same thing. <br /> Bob Jessup, the county's bond attorney, said they are not the same, but it is related to <br /> how they already appropriate money to the schools. He said that a function could be something <br /> that goes across to all schools and a purpose would be narrower and the best way to make the <br /> distinction is project vs purpose. <br /> 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, Classroom 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 /> NORTH CAFJDLLNA <br />