HomeMy WebLinkAboutAgenda Item 1-G - Schools Capital Projects Summary ATTACHMENT G
Schools Capital Projects Summary- RECOMMENDED
Fiscal Years 2019-24
Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
Projects by School System 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year 10
Chapel Hill Carrboro City Schools
Long Range Capital
Debt Financing-Capital Projects"' 1,147,675 2,412,896 2,461,154 2,510,377 2,560,585 2,611,796 12,556,809 13,863,730
Lottery Proceeds(2) 815,174 823,719 843,376 843,376 843,376 843,376 843,376 4,216,880 4,216,880
Article 46 Sales Tax Proceeds(3) 1,055,203 1,108,915 1,223,319 1,272,252 1,323,142 1,376,068 1,431,110 6,625,890 8,061,409
Facility Improvements to Older Schools 601,000 607,300 601,400 601,400 1,202,800
213 Net Debt Bonds 2,317,658 1,241,117 -
Recurring Capital Items 1,821,900 1,804,200 1,804,200 1,804,200 1,804,200 1,804,200 9,021,000 9,021,000
Deferred Maintenance Projects(4) 1,804,200 1,804,200 3,608,400 67,249,493
Bond Referendum Projects(5) 69,436,000 2,672,000 2,672,000
Total 74,225,035 6,750,626 8,689,391 8,786,582 9,153,095 6,584,227 6,690,482 39,903,779 102,412,512
Orange County Schools
Long Range Capital
Debt Financing-Capital Projects(') 742,124 1,599,236 1,631,221 1,663,845 1,697,122 1,731,064 8,322,488 9,188,700
Lottery Proceedsl2) 541,188 532,643 558,978 558,978 558,978 558,978 558,978 2,794,890 2,794,890
Article 46 Sales Tax Proceeds(3) 700,543 717,061 810,801 843,233 876,962 912,041 948,522 4,391,560 5,343,004
Facility Improvements to Older Schools 399,000 392,700 398,600 398,600 797,200
213 Net Debt Bonds 1,538,678 802,547 -
Recurring Capital Items 1,178,100 1,195,800 1,195,800 1,195,800 1,195,800 1,195,800 5,979,000 5,979,000
Deferred Maintenance Projects(0f 1,195,800 1,195,800 2,391,600 56,261,065
Bond Referendum Projects(5) 15,964,000 20,064,000 11,864,000 31,928,000
Total 19,143,409 4,365,175 25,823,215 5,823,633 16,159,586 4,363,940 4,434,365 56,604,739 79,566,959
Durham Tech Community College(Orange County Campus)
Long Range Capital
State Bond-County Match(5/ - 547,290
Construction/Expansion Project(7) 26,000,621
Total - - - - - - - 26,547,911
Total all Schools 93,368,444 11,115,801 34,512,606 14,610,214 25,312,680 10,948,169 11,124,847 96,508,517 208,527,082
Revenues/Funding Source
General Fund(Pay-As-You-Go) - -
Lottery Proceeds 1,356,362 1,356,362 1,402,354 1,402,354 1,402,354 1,402,354 1,402,354 7,011,770 7,011,770
Article 46 Sales Tax Proceeds 1,755,746 1,825,976 2,034,120 2,115,485 2,200,104 2,288,108 2,379,633 11,017,450 13,404,411
Capital Reserve Funds 3,000,000 3,000,000 6,000,000
Debt Financing-Durham Tech(Orange Cc Campus) - - - - - - - 26,547,911
Debt Financing-Bond Proceeds 85,400,000 - 20,064,000 - 14,536,000 - - 34,600,000 -
Debt Financing-213 Net Debt Bonds 3,856,336 2,043,664 - -
Debt Financing-School CapitakFacility,Improvements 1,000,000 5,889,799 8,012,132 8,092,375 7,174,222 7,257,707 7,342,861 37,879,296 161,562,988
93,368,444 11,115,801 34,512,606 14,610,214 25,312,680 10,948,169 '1'1,124,847 96,508,517 208,527,082
Note: School Construction is guided by the Schools Adequate Public Facilities Ordinance(SAPFO)projections of capacity and need. The FY 2019-24 CIP is based on the most recent
proposed SAPFO projections shared with the Board of County Commissioners in December 2018,scheduled to be certified in Spring 2019.
(1)Debt Financing is assumed to be utilized beginning in Year 1 for School Capital Projects instead of previously used Pay-As-You-Go funds;reflects a 2.0%annual growth throughout the years
of the CIP.
(2)Lottery Proceeds are assumed at the same amount throughout the remaining CIP period,based on the most recent lottery estimates from the State. The County uses Lottery Proceeds
towards school debt service and substitutes that amount of proceeds as additional PAYG funds to each school system based on the Average Daily Membership(ADM).
(3)Article 46 Sales Tax Proceeds reflect a 4.0%annual growth throughout the years of the CIP.
(4)Includes deferred maintenance items related to the Facilities Assessment findings from both school systems;it does not include items/projects that add to school capacity.
(5)Bond Referendum approved by voters in November 2016,with first issuance in Fall 2017,based on ADM at time of Bond Referendum approval.
(6)Includes the County match for the Durham Technical Community College-Orange County Campus,based on the voter approved March 2016 State Bond.
(7)Includes construction of a new Academic Building(56,000 square foot)and surface parking of 250 spaces.