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40 <br /> Slide#2 <br /> What has changed from prior School CIPs <br /> • Adoption of the School Capital Funding Policy (Page 177) & Major Project <br /> Planning Addendum (Page 181). <br /> - School CIP has been reorganized into three sections (Major Projects, High Priority Needs, Other <br /> Capital Uses) <br /> • Inclusion of Major Project plans by both school districts, with county staff <br /> assisted sequencing. <br /> Phasing in of Pay-Go funds to assist Major Project funding - $6.4 M in FY 26, full <br /> $10MinFY27 <br /> • Project-based allocations for High Priority Needs Projects. <br /> • Questions about specific projects can be directed to School Staff at May 15th <br /> Education Budget Work session <br /> �1 <br /> z ORAN HE COUNTY <br /> NTOSlide #3 <br /> Major Projects — Projects and Sequencing <br /> • CHCCS — Pages 132-134 <br /> - FY 26 Carrboro Elementary, FY 27 Estes Hills Elementary and FY 31 Frank Porter Graham <br /> Elementary replacements <br /> • OCS — Pages 151-153 <br /> - Tentative plan of FY26 Elementary School Replacement, FY 30 Major Renovation <br /> Elementary School, FY 31 Major Renovation Middle School <br /> - District currently in public review of three options that differ from plan presented to the county. <br /> • County used the following rules to sequence these plans <br /> - Bonds must be borrowed within 7 years of referendum. May ask for 3-year extension with <br /> LGC. <br /> - Once borrowed, funds must be drawn down for actual expenses within 3 years. <br /> - Funds are allocated between the districts fairly and within the tax impact as presented to the <br /> public. <br /> ORANGE COUNTY <br /> 3 NORTH CAROLINA <br />