Orange County NC Website
Browse       Search
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 7, 2026 <br /> Action Agenda <br /> Item No. 8-i <br /> SUBJECT: Application for North Carolina Education Lottery Proceeds for Orange County <br /> Schools (OCS) to Draw Down Funds from the North Carolina Department of <br /> Public Instruction <br /> DEPARTMENT: Finance and Administrative <br /> Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1. OCS — Lottery Proceeds Gary Donaldson, (919) 245-2453 <br /> Debt Service Application <br /> PURPOSE: To approve an application to the North Carolina Department of Public Instruction <br /> (NCDPI) to release proceeds from the NC Education Lottery account related to FY 2025-26 debt <br /> service payments for Orange County Schools (OCS). <br /> BACKGROUND: Both County School Systems have previously presented approved resolutions <br /> from their respective Boards requesting that the County modify its Capital Funding Policy by <br /> applying accumulated lottery funds to debt service payments, and permitting current year <br /> withdrawals of lottery proceeds immediately after the State's quarterly lottery fund allocations. <br /> This policy expedites both the application process and the receipt of funds for both school <br /> systems. <br /> Currently, the accumulated available lottery proceeds for OCS are $455,754.22. The attached <br /> application requests NCDPI to release lottery proceeds in the amount of $455,754.22 to cover <br /> debt service for projects previously financed for the Orange County Schools system. <br /> The Lottery Proceeds receipt is contingent on NCDPI's approval of the application and substitutes <br /> the amount of Lottery Proceeds approved for debt service as additional Pay-As-You-Go (PAYGO) <br /> funds for FY 2025-26. These additional PAYGO funds were budgeted as part of the FY 2025-26 <br /> (Year 1) Capital Investment Fund approved by the Board of County Commissioners. <br /> FINANCIAL IMPACT: The total Lottery Proceeds requested from the NCDPI for Orange County <br /> Schools is $455,754.22. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 5: PUBLIC EDUCATION/LEARNING COMMUNITY <br /> OBJECTIVE 4. Improve learning environments by investing in facilities over a 10-year <br /> period that address repair, renovation, and educational adequacy needs. <br />