Orange County NC Website
ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: October 28, 2008 <br />Action Agenda <br />Item No. S <br />SUBJECT: Discussion of 2009-19 Recommended County Capital Investment Plan (CIP) <br />DEPARTMENT: County Manager and Budget <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />To view the FY 209-19 County Capital <br />Investment Plan (CIP) go to <br />www.co.orange. nc. us/budget/2009- <br />19ManagerRecommendedCl P.asp <br />INFORMATION CONTACT: <br />Laura Blackmon, (919) 245-2300 <br />Donna Coffey, (919) 245-2151 <br />PURPOSE: To discuss the FY 2009-19 recommended County Capital Investment Plan (CIP). <br />BACKGROUND: The County Manager presented the FY 2009-19 County Capital Investment <br />Plan (CIP) to the Board on October 21, 2008. The proposed Plan outlines capital needs in <br />excess of $225 million with identified revenue streams of $206.2 million to fund highest priority <br />projects. This leaves $18.8 million in unfunded needs listed in Appendix B of the CIP <br />document. <br />Identified revenue streams to fund projects include $135.5 million coming from pay-as-you-go <br />and past debt issuances and $70.7 million proposed for future debt funding. It is important to <br />note the October 21 proposed plan outlines County capital needs only -Chapel Hill Carrboro <br />and Orange County School Boards of Education will present their capital needs to <br />Commissioners during the upcoming November 13, 2008 budget work session. <br />Tonight's work session offers the Board an opportunity to discuss County capital revenues and <br />needs. Specific topics staff would like the Board to discuss tonight are outlined below. The <br />Board may also choose to discuss other items of interest. <br />FY 2009-19 Capital Revenues <br />Pay-As-You-Go Revenues <br />The Board is to be commended for having a capital funding policy that recognizes the need <br />to not only provide for new facilities but also the importance of re-investing in current <br />infrastructure. County departments have many competing and pent up capital needs. <br />These range from having adequate space to serve our clients and patients to storing records <br />and equipment in controlled environments. <br />