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15 <br /> 1 The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> 2 property tax growth and 4% sales tax growth over the next ten years. Many of the projects in the <br /> 3 CIP will rely on debt financing to fund the projects. <br /> 4 <br /> 5 The items below include revisions made to the following Capital Projects since the presentation <br /> 6 of the Manager's Recommended Capital Investment Plan on April 2, 2024: <br /> 7 <br /> 8 As a part of the annual budget process, adjustments are made to the allocation of school <br /> 9 funding based on changes to the FY 2024-25 budgeted average daily membership (ADM) <br /> 10 percentages. At the time of the Capital Improvement Plan presentation, only FY 2022-23 <br /> 11 ADM information was available. The impact of these numbers changed the CHCCS <br /> 12 percentage from 58.44% to 58.40% and changed the OCS percentage from 41.56% to <br /> 13 41.60%. The Article 46 funding has also been adjusted, which excluded Charter Students <br /> 14 from the calculation. CHCCS's percentage changed from 61.19% to 61.45% and GCS's <br /> 15 percentage changed from 38.81% to 38.55%. <br /> 16 <br /> 17 Travis Myren continued the following presentation: <br /> 18 <br /> 19 Slide #9 <br /> Capital Investment Plan Amendments <br /> Amendment Sponsor Budget r)"I' Amendment R,%entic I`Xpefie <br /> 'IP-091 staff 3_ i\IS 'plate l'ear2(F]_}025ia5} <br /> Anteti&uetu roue sateree trattsfer[coon <br /> ardwal Itesercx Grum <br /> 1,400.000 to 1,8'33,121 and <br /> ubsequently eM—the Aeht <br /> ti.mlang anwtmt br 423.121 <br /> 1192 5taff G_+ V1SS Tear S(F72024--27) <br /> AnutuRxnt 'riliy Accessibility;Safety and <br /> kmry la>ytrotr,nents by <br /> G-WO fur Blaelnsmod.Fum <br /> rk-Secudw Canuras dtte to <br /> tumdwa need <br /> P-093 scaly 5.9 5,wainkthr ce Climate Change 551,14 SSi;IG <br /> A—ui al kfiigmtion Proiect m year I <br /> "2024-23}to*9325;000. <br /> tis difference is cenKted iu <br /> to Operating Budges for <br /> Doom M nagcr-Sasunmb& <br /> Division to support Comm <br /> ^ide donate-Action Plus <br /> s IMS <br /> ORANGE COUNTY <br /> 9 NORTH CARIDLINA <br /> 20 <br /> 21 Commissioner McKee said Durham Tech has identified shortfalls so he will track where <br /> 22 they are and where the county is during the year and possibly bring that back. <br /> 23 Travis Myren explained budget amendment CIP-091, which was proposed by staff. <br /> 24 <br /> 25 A motion was made by Commissioner Fowler, seconded by Vice-Chair Greene, to <br /> 26 approve budget amendment CIP-091. <br /> 27 <br /> 28 VOTE: UNANIMOUS <br /> 29 <br /> 30 Travis Myren explained budget amendment CIP-092, which was proposed by staff. <br /> 31 <br />