HomeMy WebLinkAboutS Application - Finance - Application for State Public School Building Capital Funds 06-07-2005-5jjAPPLICATION Approved: 'S^ ~~
PUBLIC SCHOOL BUILDING CAPITAL FUND Date:
County: Oran a Contact: Donna Dean
Address: Post Office Box 8181. Hillsborough. NC 27278 Title: Budget Director
School Admin Unit: Orange County Schools Phone: (9191 245-2151
Project Title: 2004-05 Debt Service - A.L. Stanback
Location:
Type of Facility:
G.S. 115C - 541i.2(b) °Counties shall use monies in the Fund for capital outlay projects including the planning,
construction, reconstruction, enlargement, improvement, repair, or renovation of public school buildings and for the
purchase of land for public school buildings; for equipment to implement a local school technology plan that is approved
pursuant to G.S.115C-102.6C; or for both. Monies used to implement a local school technology plan shall be transferred
to the State School Technology Fund and allocated by that Fund to the local school administrative unit for equipment. As
used in this section, "public school buildings" only includes facilities for individual schools that are used for instructional
and related purposes and does not include centralized administration, maintenance, or other facilities."
Short Description of Construction Project• 1992 voter approved bonds funded the following projects for the Orange
' County School District:
Project Bond Amount
Construction of A.L. Stanback Middle School 11,200,000
Estimated Costs: State
Purchase of Land
Planning
Construction
Renovation
Enlargement
Repair
School Technology
FY 2004-05 Debt $1 212 143
Service Payment
Total $1,212,143
Local Total
404 048 1 616191
$404,048 $1,616,191
Bid DatesNendors
Contracts Signed/Dates
Estimated date of beginning of construction
Estimated date of completion
Match: The matching funds of one dollar of local funds for every three dollars of state funds are from
(source): prooertv tax
$404,048 of the matching funds have been expended for/date/description:
Date Puraose
12/1/2004 Debt Service
6/1/2005 Debt Service
Reporting We, the undersigned, agree to submit a statement of state/local amounts expended for this project
requirements: within 60 days of completion of the project
The County Commissioners and the Board of Education do hereby jointly request approval of the above project and
request release of 1 212 143 from the Public School Building Capital Fund. We certify that the project herein described is
within the pa~~r,~ of 115C-546.2(b nd hat all of the match is available and designated as match of this project.
- Chair,, County Commissioners
nature -Chair,
Date
Date
ORANGE COUNTY BUDGET OFFICE
Donna Dean, Budget Director
208 South Cameron Street, Post Office Box 8181 • Hillsborough, NC • 27278
Phone: 919-245-2151 • Fax: 919-644-3324
E-Mail: ddean@co.orange.nc.us
June 8, 2004
Ken Phelps
School Planning Consultant
School Planning
Department of Public Instruction
6319 Mail Service Center
Raleigh, NC 27699-6319
Dear Jim:
Attached is Orange County's most recent applications to draw down our State
Public School Building Capital Funds. Again this year, we are requesting the
funds to offset our current year debt service costs associated with Orange
County Schools A. L. Stanback Middle School. The attached application draws
down a total of $1,212,143 or the maximum amount in our account at the time of
this request..
Feel free to contact me, at either the a-mail address or telephone number listed
above, if you have questions or comments. Thank you, again, for your
assistance in administering our expenditures from the Building Fund.
Sincerely,
Donna Dean
Budget Director