HomeMy WebLinkAboutAgenda - 05-03-2005-9dORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: May 3, 2005
Action Age~d~
Item No.
SUBJECT: Implementation of 60-40 Capital Funding Policy
DEPARTMENT: Manager/Budget PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
Tables/Spreadsheets
(previously distributed in BOCC notebooks)
INFORMATION CONTACT:
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 determine which method will be used for implementing the Board's policy
related to school and County capital funding.
BACKGROUND: At the Board's March 31, 200,5 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 funding
for County projects for the next ten years, The Board received a more detailed explanation of
the policy options and implications at their April 20 work session, and indicated intentions to
refrain from making any formal policy decision until after a similar presentation and discussion
could be conducted for members of the two school boards during a joint work session an April
26, 2005, In conclusion to that April 26 discussion with the two school boards, the BOCC
indicated its intention to consider a decision on implementation of the 60-40 capital funding
policy at its next regular meeting on May 3, 2005.
Detailed tables and spreadsheets showing calculations and funding allocations resulting from
the various options have previously been distributed and reviewed. Staff will distribute prior to
the May 3 meeting a matrix that summarizes the major elements and implications of each
option, and be prepared to review that with the Board as an aid to decision making.
FINANCIAL IMPACT: To be determined based on which option is chosen to allocate capital
funding among Orange County and the two school systems for the 2005-15 Capital Investment
Plan period.
RECOMMENDATION(S): The Manager recommends that the Board choose for
implementation one of the options presented, or a modified version thereof, and provide any
additional direction to the Manager and staff,