HomeMy WebLinkAboutAgenda - 04-14-2005-4ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: April 14, 2005
Action Agenda
Item No. 4
SUBJECT: Discussion of Next Steps Related to 60-40 Capital Funding Policy
DEPARTMENT: Manager/Budget PUBLIC HEARING: (Y/N) No
ATTACHMENT(S): INFORMATION CONTACT:
None John Link or Rod Visser, ext 2300
Donna Dean, ext 2151
TELEPHONE NUMBERS:
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
Mebane 336-227-2031
PURPOSE: To discuss how to proceed with reviewing and choosing among options for
implementing the Board's policy related to school and County capital funding.
BACKGROUND: At the Board's March 31, 2005 work session, the Board received a
presentation from staff regarding options to "operationalize" the BOCC's November 2004 policy
that earmarks 60 percent of capital funding for school projects and 40 percent of capital finding
for County projects for the next ten years. The Board noted that the options are quite complex,
and that additional time would be needed by the Board to fully understand the implications of
the various options, and to reflect, deliberate, and decide among them.
The Board may wish to discuss a timeline for considering further the options and for making a
decision regarding how to implement the policy, The recommended school and County Capital
Investment Plans for 2005-15 will be developed based on the revenue estimates and funding
allocations associated with the particular option chosen by the Board of Commissioners. There
is time tentatively slated at the Board's April 20, 200.5 work session far the Board to review
whatever information and ask whatever questions may be needed to gain sufficient
understanding of the options upon which to base a subsequent decision, A substantial portion
of the April 26, 2005 joint work session between the BOCC and the two Boards of Education is
also slated tentatively for review and discussion of the 60-40 capital funding policy so that the
school boards can gain a similarly detailed understanding of the policy implications of the
various options presented to the Commissioners,
No decision regarding the 60-40 capital funding policy is expected at this April 14 work session.
FINANCIAL IMPACT: There is no financial impact directly related to the discussion of this
item at this meeting, Staff plan to review in mare detail at the next BOCC work session the
financial implications of each of the options that was initially presented at the March 31 work
session,
RECOMMENDATION(S): The Manager recommends that the Board discuss next steps
related to decision-making on the 60-40 capital funding policy implementation and provide
appropriate direction to the Manager and staff.