HomeMy WebLinkAbout2016-216 Finance - Application of Public School Building Capital Fund NC Education Lottery dblC - ante Li
I+
APPLICATION Approved:
PUBLIC SCHOOL BUILDING CAPITAL FUND
NORTH CAROLINA EDUCATION LOTTERY Date:
County: Orange County Contact Person: Gary Donaldson
LEA: Chapel Hill-Carrboro City Schools Title- Chief Financial Officer
Address: P.O. Box 8181, Hillsborough, NC Phone: (919)245-2453
Project Title: FY 2015-16 Debt Service (2015 Modification Agreement to Fall 2006 Private Placement)
Location.
Type of Facility:
North Carolina General Statutes, Chapter 18C, provides that a portion of the proceeds of the North
Carolina State Lottery Fund be transferred to the Public School Building Capital Fund in accordance
with G.S. 115C-546.2. Further, G.S. 115C-546.2(d) has been amended to include the following:
(3) No county shall have to provide matching funds...
(4)A county may use monies in this Fund to pay for school construction projects in local school
administrative units and to retire indebtedness incurred for school construction projects.
(5) A county may not use monies in this Fund to pay for school technology needs.
As used in this section, "Public School Buildings"shall include only facilities for individual schools that
are used for instructional and related purposes, and does not include central administration,
maintenance, or other facilities. Applications must be submitted within one year following the
date of final payment to the Contractor or Vendor.
Short description of Construction Project: Debt Service associated with the 2015 Modification Agreement
issued September 2015 from the original Fall 2006 Private Placement for CHCCS(Carrboro High School)
Estimated Costs
Purchase of Land $
Planning and Design Services
New Construction
Additions/Renovations
Repair
Debt Payment/Bond Payment 210,000.00
TOTAL $ 210,000.00
Estimated Project Beginning Date: July 2015 Est. Project Completion Date- June 2016
We, the undersigned, agree to submit a statement of state monies expended for this project within 60
days following 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$ 210,000.00 from the Public School
Building Capital Fund (Lottery Distribution). We certify that the project herein described is within the
parameters of G S 115C-5p46.
Curt = 7—I — 1(d
(Signature—Chair, County Commissioners) (Date)
( (gnature—Chair, Board of Education) (Date)
Form Date. July 01,2011
ORANGE COUNTY MUNIS LIVE
Y-T-D BUDGET REPORT-CURRENT
FOR 2016 12
ORIGINAL TRANFRS/ REVISED A• ••• •r r • • BUDGET, USED
64150002 450050 54002 ALTERNATIVE F 0 0 0 .00 .00 .00 .0%
TOTAL BONDS & ALTERNATIVE FIN 0 0 0 .00 .00 .00 .0%
64900090 489900 54002 TRANSFER FROM -50,000 50,000 0 .00 .00 .00 .0%
64900090 489906 54002 TRANSFER FROM -1,237,387 352,387 -885,000 -835,000.00 .00 -50,000.00 94.4%*
64900090 489950 54002 TRANSFER FROM -70,000 70,000 0 .00 .00 .00 .0%
64900090 870000 54002 PROFESSIONAL 45,000 -45,000 0 .00 .00 .00 .0%
64900090 880000 54002 CONSTRUCTION 928,387 -928,387 0 .00 .00 .00 .0%
64900090 881005 54002 ATHLETIC FAC/ 431,000 454,000 885,000 834,897.48 .00 50,102.52 94.3%
TOTAL TRANSFERS TO OTHER FUNDS 47,000 -47,000 0 -102.52 .00 102.52 100.0%
TOTAL ATH FACILITIES/PLAYGROUNDS 47,000 -47,000 0 -102.52 .00 102.52 100.0%
TOTAL REVENUES -1,357,387 472,387 -885,000 -835,000.00 .00 -50,000.00
TOTAL EXPENSES 1,404,387 -519,387 885,000 834,897.48 .00 50,102.52
GRAND TOTAL 47,000 -47,000 0 -102.52 .00 102.52 100.0%
-* END OF REPORT - Generated by PAUL LAUGHTON
Report generated, 04/01/2016 10:38
user: plaughton Page 1
Program ID: glytdbud