HomeMy WebLinkAboutAgenda - 04-18-2006-10aARANGE COUNTY
BOARD OF COMMIS510NERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: April 18, 2006
Action Agenda
Item No. ~Q-~
SUBJECT: Presentation of 2006-2016 County Capital Investment Plans (CIP)
DEPARTMENT: Manager/Budget PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
2006-16 Manager's Recommended CIP
(to be distributed under separate cover)
INFORMATION CONTACT:
John Link or Rod Visser, 919-245-2300
Donna Dean, 919-245-2151
PURPOSE: To receive a presentation of the County Manager's Recommended 2006-2016
County Capital Investment Plan.
BACKGROUND: The County's Capital Investment Plan (CIP) serves as a planning tool that
provides a mechanism to forecast long-range future capital needs for both school districts and
the County. Orange County's long-range plan covers aten-year period. Annually, staff and the
Board consider many factors as they update the CIP, including funding availability, newly
identified BOCC priorities, and student membership projections.
As the Board reviews the recommended long-range plan, there is opportunity to discuss
projects and adjust the proposed plan, if necessary, before adoption in June. It is important to
note that while the BOCG formally adopts along-range plan each year, the CIP is a "living
document" that the Board can amend at any time. Each year, staff and the Board of County
Commissioners take the opportunity to re-assess previously identified needs to determine if
future needs remain the same as those outlined in past approved plans, or to determine if
needs and priorities have changed and accordingly, that revisions to the previous CIP are in
order.
At the March 15, 2006 budget work session, the Board affirmed staff's intent to present a CIP
that provides for the same earmarking of sales tax and property tax capital revenue sources far
2006-07 as was allocated by the Board for 2005-06. The revenue assumptions for 2007-08
include earmarking of an additional half penny each of property tax revenue for both schoal
recurring capital and for County long-range capital. In 2008-09, full funding of the Board's May
2005 school & County capital funding policy would be achieved, with one final increase of a half
penny each of additional property tax revenue for both school recurring capital and for county
long-range capital.
The Manager and County staff have developed proposed allocations among various County
projects of the capital revenues anticipated to become available during the next ten years.
County staff will make a presentation reflecting major elements of the County recommended
CIP for 2006-16. Detailed review of the Manager's County capital recommendations are slated
for the April 20, 2006 budget/capital work session. At that point, the BOCC can begin to make
decisions and act on the County portion of the CIP.
The recommended ten-year CIPs far both school systems are tentatively scheduled for
presentation at the Board's regular meeting on May 16, 2006, with review of school capital
projects to take place during the June 2006 budget work sessions.
FINANCIAL IMPACT: As outlined in the recommended Capital Investment Plan. Projects in
the CIP include not only those to be funded with pay-as-you-go revenue such as sales tax
proceeds, but also those funded with already-issued or otherwise programmed debt. Projects
that may be partially or completely unfunded at this time may be addressed through future debt
issuance such as general obligation bonds, certificates of participation, or private placement
loans.
RECOMMENDATION(S): The Manager recommends that the Board receive the
recommended Ccunty 2006-16 CIP for information only at this time, with BQCC discussion of
individual projects to take place at the Board's work session on April 20, 2006.