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48 <br /> 1 c. Specific high priority needs will be formally determined on an annual basis and be <br /> 2 consistent with the Woolpert high priority definitions: <br /> 3 <br /> 4 i. Level 1 — Critical — Failure of components impact the facility's ability to <br /> 5 remain open <br /> 6 ii. Level 2 — Essential — Failure of components impact the health of major <br /> 7 systems (i.e. leaking roofs) <br /> 8 iii. Level 3 — Necessary — Failure of components could impact the facility's <br /> 9 efficiency and usefulness <br /> 10 <br /> 11 2. Funding Amounts <br /> 12 a. If the bond referendum is approved, bond funding will be distributed to the Districts <br /> 13 based on Woolpert's project recommendations. $174.7 million will be allocated to <br /> 14 Chapel Hill Carrboro City Schools and $125.3 million will be allocated to Orange <br /> 15 County Schools. <br /> 16 <br /> 17 b. New pay-go funding will also be distributed based on the Woolpert <br /> 18 recommendations with the goal of providing project management to both districts <br /> 19 and design funds for new construction starting in FY 2025-26. <br /> 20 <br /> 21 c. High priority needs will be funded using any remaining bond and pay-go funds, <br /> 22 annual maintenance funds, lottery proceeds, and existing capital balances. <br /> 23 <br /> 24 d. Combined, the Board's goal is to provide approximately $263 million or 59.86% of <br /> 25 total funding to Chapel Hill Carrboro City Schools and approximately $176 million <br /> 26 or 40.14% of total funding to Orange County Schools for the ten-year period of FY <br /> 27 2025-26 through FY 2034-35. <br /> 28 <br /> 29 e. Article 46 funds will continue to be distributed to the Districts based on the average <br /> 30 daily membership excluding charter students, and recurring capital will be <br /> 31 distributed to the Districts based on average daily membership including charter <br /> 32 students. <br /> 33 <br /> 34 3. Project Budgeting <br /> 35 <br /> 36 The County will specifically enumerate major projects and high priority needs in separate <br /> 37 project budgets by facility. Staff will draft an updated School Funding Policy that details <br /> 38 the project budgeting process and present that revised policy to the Board of <br /> 39 Commissioners in the Fall of 2024. <br /> 40 <br /> 41 Travis Myren, Deputy County Manager, made the following presentation: <br /> 42 <br /> 43 <br />