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