Agenda - 01-21-2025 ; 6-a - Approval of School Capital Funding Policies

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1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: January 21, 2025 Action Agenda Item No. 6-a SUBJECT: Approval of School Capital Funding Policies DEPARTMENT: County Manager ATTACHMENT(S): INFORMATION CONTACT: 1) School Capital Funding Policy Kirk Vaughn, (919) 245-2153 2) School Major Project Planning Addendum PURPOSE: To adopt new School Capital Funding Policies. BACKGROUND: At its October 8, 2024 work session, the Board of County Commissioners reviewed a draft version of the School Capital Funding Policy, which establishes new definitions and guidelines for school capital funding, uses, and allocation methods. The Board made a series of clarifications and corrections to the draft policy. At a second work session on November 12, 2024, the Board reviewed updates to the policy, and reviewed a secondary Major Project Planning Addendum. The Board made some changes to both documents. The documents have also been reviewed by the School Capital Needs Workgroup and have been provided to staff in both districts. Once adopted, the policies will be implemented starting with the FY 2026 Manager's Recommended Capital Investment Plan, which will be presented in April 2025. FINANCIAL IMPACT: There is no immediate financial impact of this item. ALIGNMENT WITH STRATEGIC PLAN: This item supports: • GOAL 5: PUBLIC EDUCATION/LEARNING COMMUNITY OBJECTIVE 4. Improve learning environments by investing in facilities over a 10-year period that address repair, renovation, and educational adequacy needs. OBJECTIVE 5. Invest in and implement a plan that supports schools operational and facility funding needs. RECOMMENDATION(S): The Manager recommends that the Board adopt the School Capital Funding Policy and the School Major Project Planning Addendum.