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47 <br /> Slide#8 <br /> SCHOOL CAPITAL FUNDING POLICIES <br /> Board Options <br /> • Board has significant latitude in how much it wishes to <br /> direct school capital funding, ranges from: <br /> • Allocate by ADM, group by purpose (current practice) <br /> • Allocate by ADM, group by project <br /> • Allocate and group by project, not by ADM <br /> • Allocate in stages to ensure certain outcomes and design <br /> standards are met <br /> • Apply different rules to different parts of the capital budget <br /> — Ex.Annual Maintenance &Recurring Capital allocated by ADM, <br /> grouped by purpose, but Bond&Pay-Go are allocated by project <br /> ORANGE COUNT( <br /> NORTH CAROLINA <br /> Slide #9 <br /> SCHOOL CAPITAL FUNDING POLICIES <br /> Questions? <br /> ORANGE COUNTY <br /> Commissioner Fowler said the Board had preliminarily decided to allocate funding by <br /> project. She asked if the percentage breakdown per district changed since the school districts <br /> have changed what projects they want funded from the Woolpert study. <br /> Kirk Vaughn said it is still around the 60-40 split. <br /> Commissioner Portie-Ascott asked if there is a list somewhere of the projects the school <br /> districts actually want to pursue. <br /> Kirk Vaughn said currently there is the list recommended to the Woolpert Plan, and the <br /> school districts will present any deviations from the plan on May 16tn <br /> Chair Bedford said there will be more certainty on how the bond dollars are spent and <br /> neither the school boards nor the voters will want to be that flexible. <br /> Commissioner Hamilton asked what polices need to be updated so that they align with the <br /> Woolpert principals and standards. <br /> Kirk Vaughn said that would be something to work on over the next year. <br />