HomeMy WebLinkAboutAgenda 4-c - Presentation of Manager’s Recommended FY 2018-23 Capital Investment Plan (CIP)
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: April 3, 2018
Action Agenda
Item No. 4-c
SUBJECT: Presentation of Manager’s Recommended FY 2018-23 Capital Investment Plan
(CIP)
DEPARTMENT: County Manager and Finance and
Administrative Services
ATTACHMENT(S): INFORMATION CONTACT:
UNDER SEPARATE COVER
To Be Provided at the Meeting
Attachment 1. FY 2018-23 Capital
Investment Plan
Presentation
Attachment 2. County Manager’s CIP
Transmittal Letter
Bonnie Hammersley, County Manager,
(919) 245-2300
Travis Myren, Deputy County Manager,
(919) 245-2308
Gary Donaldson, Financial Services,
(919) 245-2453
Paul Laughton, Financial Services,
(919) 245-2152
Attachment 3. Manager Recommended
FY 2018-23 Capital
Investment Plan
Also To Be Available
Electronically at:
http://www.co.orange.nc.us
/departments/finance_and_
administrative_services.ph
p
PURPOSE: To receive the Manager’s Recommended FY 2018-23 Capital Investment Plan in
preparation for Board review and discussion at the April 10, 2018 Budget work session.
BACKGROUND: Each year, the County produces a Capital Investment Plan (CIP) that
establishes a budget planning guide related to capital needs for the County as well as Schools.
The current CIP consists of a 5-year plan that is evaluated annually to include year-to-year
changes in priorities, needs, and available resources. Approval of the CIP commits the County
to the first year funding only of the capital projects; all other years are used as a planning tool
and serves as a financial plan.
Capital Investment Plan – Overview
The FY 2018-23 CIP includes County Projects, School Projects, and Proprietary Projects. The
School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and
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Durham Technical Community College – Orange County Campus projects. The Proprietary
Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects.
The CIP has been prepared anticipating moderate economic growth of approximately 2% in
property tax growth and 4% in sales tax growth annually over the next five years. Many of the
projects in the CIP will rely on debt financing to fund the projects.
SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated
with this agenda item.
FINANCIAL IMPACT: There is no immediate financial impact associated with the presentation
of the FY 2018-23 Capital Investment Plan. It is a long-range financial planning tool with a
financial impact in FY 2018-23, if the first year of the CIP is approved by the Board of County
Commissioners with the adoption of the Annual Budget.
RECOMMENDATION(S): The Manager recommends the Board receive the presentation of the
Manager’s Recommended FY 2018-23 Capital Investment Plan and provide direction to staff in
preparation for Board review and discussion at the April 10, 2018 Budget work session.
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