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15 <br /> The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> property tax growth and 4% sales tax growth over the next ten years. Many of the projects in the <br /> CIP will rely on debt financing to fund the projects. <br /> The items below include revisions made to the following Capital Projects since the presentation <br /> of the Manager's Recommended Capital Investment Plan on April 2, 2024: <br /> • As a part of the annual budget process, adjustments are made to the allocation of school <br /> funding based on changes to the FY 2024-25 budgeted average daily membership (ADM) <br /> percentages. At the time of the Capital Improvement Plan presentation, only FY 2022-23 <br /> ADM information was available. The impact of these numbers changed the CHCCS <br /> percentage from 58.44% to 58.40% and changed the OCS percentage from 41.56% to <br /> 41.60%. The Article 46 funding has also been adjusted, which excluded Charter Students <br /> from the calculation. CHCCS's percentage changed from 61.19% to 61.45% and OCS's <br /> percentage changed from 38.81% to 38.55%. <br /> Travis Myren continued the following presentation: <br /> Slide #9 <br /> Capital Investment Plan Amendments <br /> Page <br /> ;IP 091 -mf a.. ally Update Year 2(FY2025-2G) <br /> nsench-1 evenue sosuce transfer from <br /> ardinal Reserve from <br /> 1,400,000 to 1,823,121 and <br /> ubsequently reduce the debt <br /> nancing amotuu by 423,121 <br /> IP-092 tat? 65 aNIS duce Year 3(FY2026-27) <br /> amendment acility Accessibility,Safety and <br /> ecurity Improvements by <br /> 6,000 for Blackwood Farm <br /> Park-Sectuity Cameras due to <br /> immediate need <br /> CIP-093 Start 55 SustAinability Reduce Climate Change -$51,16 -s51,16 <br /> mendment Mi6g.tio.Project in Year l <br /> (FY2024-25)to 5525,000. <br /> ils difference is reflected in <br /> he Operating Budget for <br /> otmty manager-SuswaabiGn <br /> ivision to support County <br /> 'de Climate Action Plan <br /> rojects <br /> s ORANGE COUNTY <br /> Commissioner McKee said Durham Tech has identified shortfalls so he will track where <br /> they are and where the county is during the year and possibly bring that back. <br /> Travis Myren explained budget amendment CIP-091, which was proposed by staff. <br /> A motion was made by Commissioner Fowler, seconded by Vice-Chair Greene, to <br /> approve budget amendment CIP-091. <br /> VOTE: UNANIMOUS <br /> Travis Myren explained budget amendment CIP-092, which was proposed by staff. <br />