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14 <br /> Slide #1 <br /> ldiiQ� <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> School Capital Funding Policy <br /> October 8,2024 <br /> BOCC Worksession <br /> Slide #2 <br /> INTENT OF DISCUSSION <br /> • Board to ask questions on and provide any feedback to <br /> proposed new School Capital Funding policy. <br /> • Policy is specific to financial requirements and can be <br /> used in conjunction to other policies around <br /> construction standards and project management. <br /> • Policy is contingent on Referendum passing.Would <br /> seek new direction from Board if bond fails. <br /> • Staff will incorporate any feedback from Board and <br /> seek input from School staff.Present final policy for <br /> board to approve prior to FY 25-35 Recommended CIP. <br /> .1_ <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #3 <br /> CAPITAL SPENDING CATEGORIES <br /> • Based on June 4tn Adopted Funding <br /> Framework. <br /> • Major Projects —6 Major Projects identified by <br /> districts that improve educational adequacy. <br /> • High Priority Needs—Regular replacement <br /> projects, prioritized by Woolpert Definitions. <br /> —Critical, Essential, Necessary or lifecycle <br /> replacements <br /> • Other Capital Uses—All other capital <br /> spending identified by district, more flexible. <br /> ORANGE COUNTY <br /> NORI"H CAROUNA <br /> Chair Bedford asked how cleaning contracts were funded. <br />