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Draft l0/8/99 <br />VI. Funding Sources <br />Concurrent with any plan for the preservation of resources through land <br />acquisition- must be a program or plan. for providing financial resources to <br />accomplish.: -this goal. The combination of County` .funds, grants `and <br />cooperative ventures will provide a vehicle for the. County to fund <br />acquisitions.. on both a ,short-term and long-term basis. In addition, the <br />need for stewardship -and land .management must be factored into-the <br />costs of a lands legacy program. The following funding options represent <br />..different techniques. that could. be used. No recommendation is being <br />` made on the type of funding source to be selected. <br />A.- ` Orange County Capital Investment Plan (CIP) <br />...Orange County, like other local governments, has a 10-year <br />program of capital funding .outlay .known as a Capital Investment <br />Plan (or CIP). The- CIP is developed .annually concurrent with the <br />budget ,process, and is approved by the County Commissioners. It <br />is based on .the Board's Capital Funding Policy, earmarking <br />revenues to fund important- projects or initiatives. The most <br />:recently adopted CIP for Orange County is for the period 1999- <br />2009. <br />There are .several funds within the CIP that are (or could <br />conceivably be) designated for land acquisition along the. lines of <br />this program. <br />- County Park Bonds Fund <br />- School/Park Reserve Fund <br />- .Environmental Resource Conservation Fund <br />- New Hope .Creek Corridor- Fund <br />Additional information from the 1999-2009 CIP on these funds is <br />provided as Appendix N. <br />B. Other County Funding Sources <br />There are a number. of other possible County funding sources that <br />could be developed, if so desired. These funding sources could be <br />annual appropriations, or incorporated into the CIP. <br />31 <br />