Agenda - 11-07-2024; 8-a - Minutes

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15 1 Kirk Vaughn said that would fall under operational expenses. 2 3 Slide #4 SOURCES OF FUNDS • Based on June 4th Adopted Funding Framework. • Bond and Sup. Pay-Go—New funding provided to primarily fund all Major Projects, remainder to fund High Priority Needs. • Annual County Debt Financing—Current county funding, intended for High Priority Needs. • Lottery Proceeds—Capital funding allocated to school districts by State. Primarily Intended for High Priority Needs. • Article 46 Proceeds—50%of sales tax, usually used for Technology, but can be used flexibly for Other Capital Uses. • Recurring Capital—Regular county stream for all Other Capital Uses. ORANGE COUNTY NORTH CAROLINA 4 5 Commissioner Fowler asked what happens if it does not fund six projects. She asked if 6 the language should be changed to reflect that. She said that when Orange County schools 7 showed their goals, it seemed they were doing a lot of high priority improvements but few large 8 projects. 9 Chair Bedford said it might be better to not say it will be six major projects because that 10 cannot be guaranteed. 11 Commissioner McKee said he would be interested in hearing from the schools as to their 12 current needs. 13 Vice-Chair Greene said the county would have more control than in previous bonds 14 because they are attempting to have more oversight. 15 Commissioner Fowler said within Woolpert, they included high priority needs and asked if 16 major projects need to be prioritized first. 17 Chair Bedford said the annual review needs to be added to the policy. 18 Commissioner Hamilton said this process has provided a definition of a high priority need 19 which was not available before. She said that the school districts will need to show how their 20 project fits that definition. She said they may find other funding streams over time. 21 Commissioner Richards said it is her understanding that both districts have changed their 22 plans from the last time that the commissioners reviewed them. 23 Chair Bedford said that Chapel Hill-Carrboro City Schools is planning to replace Franklin 24 Porter Graham, and rebuild Carrboro and Estes Elementary Schools. She said Orange County 25 Schools has a new assistant superintendent, so they are in the process of revising their plan. She 26 said they are working on that and reviewing. She said at the school facilities and collaboration 27 meetings they were told to take their time and develop a plan to bring to the Board of 28 Commissioners. 29 Commissioner Richards said page 5 in the agenda abstract background material was very 30 specific in how the approval process will work. She said they would not want to get locked into 31 six major projects. 32 Commissioner McKee said that they should not be locked into a number, or into Woolpert's 33 report. He said they have a responsibility to make sure the funds are used appropriately, but that 34 the schools have intimate knowledge of what needs to happen. 35 Chair Bedford said the key is to follow the principles, and those in attendance at the school 36 collaboration meeting agreed.