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4 <br /> Slide#4 <br /> Capital Investment Plan <br /> Bedford Amendment <br /> Fund part of Whitted HVAC improvements with Year DS to GF Debt Tax Rate Pay-Go Tax <br /> Med-Max revenue Revenues Equivalent Rate Equivalent <br /> 027 12.50% 2.014 0.894 <br /> — County has$6.4 million in HVAC Projects planned for the 2028 13.281/. 1.021ll: 0.874: <br /> Whitted Facility from FY2026-27 through FY 2029-30 Q29 16.78% 4.444: 1.00� <br /> — 28%of Whitted is used for the Dental and Medical Clinics and 2030 18.08% 1.610 <br /> eligible 10 be funded with Medicaid Maximization(Med-Max) 2031 17.85% - <br /> Revenue 2032 18.13% 0.014 <br /> 2033 19.19% 1.650 <br /> — 28%of project cost=$1.8 million of project cost funded using 2034 19.00% - <br /> Med-Max revenue <br /> 035 18.15% - <br /> - Reduces Med-Max balance in Capital Budget to$10 million 2036 17.25% - <br /> otal Impact 10.744: 2.764 <br /> — Results in Total Debt plus Pay-Go Tax Increases of 11.a4 <br /> cents through FY2029-30 <br /> a ORAN GE rll COUNTY <br /> ROLINA <br /> Kirk Vaughn reviewed an amendment submitted by Commissioner Bedford,which proposed using <br /> a portion of accumulated Medicaid Maximization (Med-Max) revenue to offset a substantial set of HVAC <br /> projects at the Whitted Building. Staff determined that approximately 28%of the Whitted facility's square <br /> footage is occupied by dental and medical clinics, making that portion eligible for Med-Max funding. <br /> Commissioner Carter asked what Med-Max Revenue is. <br /> Kirk Vaughn explained that Medicaid Maximization is a state revenue source received for operating <br /> certain medical and dental services. He noted that the county has been accumulating this balance over <br /> time rather than applying it all to the operating budget, partly in anticipation of the Southern Human <br /> Services expansion. With that bucket now considered full, the County Manager's recommended budget <br /> already includes redirecting more Med-Max revenue to operations going forward. Drawing down the <br /> existing balance for the HVAC project would reduce the Med-Max balance from approximately$12 million <br /> to about$10 million over four years. He said the tax rate equivalent impact would be modest — dropping <br /> from 11.86 to approximately 11.84 cents. <br /> Commissioner Portie-Ascott asked what tax rate equivalent figure means. <br /> Kirk Vaughn clarified that it represents the fiscal pressure placed on the operating budget in that <br /> year due to debt and Pay-Go obligations.The Board would then determine how to mitigate that pressure, <br /> whether through operating reductions or other means. <br /> Commissioner McKee arrived at 7:04 pm. <br />