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52 <br /> 1 2.Capital Update <br /> 2 a. County Manager's Recommended Capital Investment Plan <br /> 3 <br /> 4 Kirk Vaughn, Orange County Budget Director, made the following presentation: <br /> 5 <br /> 6 Slide#1 <br /> GRANGE COUNTY <br /> NORTH CAROLINA <br /> School Capital Investment Plan <br /> FY 2026-36 <br /> April 30, 2026 <br /> Joint Meeting <br /> 7 <br /> 8 <br /> 9 Slide#2 <br /> What has changed from prior School CIPs <br /> Adoption of the School Capital Funding Policy(Page 168)&Major Project Planning Addendum <br /> (Page 172). <br /> - School CIP has been reorganized into three sections(Major Projects,High Priority Needs,Other Capital Uses) <br /> - All parties have also signed CORE Team Interlocal Agreement,which will provide updates to Board on construction <br /> progress. <br /> Inclusion of Major Project plans by both school districts, with county staff assisted sequencing. <br /> Phasing in of Pay-Go funds to assist Major Project funding -$3.5 M in FY 27, $6.5 M in FY 28, <br /> full $10 M in FY 29. Slight inflation to$94.8 M over 10-year plan. <br /> ORANGE COUNTY <br /> 2 NORTH CAROLINA <br /> 10 <br /> 11 Kirk Vaughn described the CIP as organized into three sections: major projects (new builds), high <br /> 12 priority needs for existing facilities,and other capital uses(less restricted funding). He noted that in recent <br /> 13 years, the CIP format was changed based on new policies from the Board of Commissioners around <br />