HomeMy WebLinkAboutAgenda - 04-23-20; Item 2 - Discussion of Manager’s Recommended FY 2020-25 Capital Investment Plan (CIP) for Schools and Durham Tech 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: April 23, 2020
Action Agenda
Item No. 2
SUBJECT: Discussion of Manager's Recommended FY 2020-25 Capital Investment Plan
(CIP) for Schools and Durham Tech
DEPARTMENT: County Manager and Finance
and Administrative Services
ATTACHMENT(S): INFORMATION CONTACT:
Attachment A: Overall CIP Summary, Bonnie Hammersley, (919) 245-2300
Schools CIP Projects Travis Myren, (919) 245-2308
Summary Gary Donaldson, (919) 245-2453
Paul Laughton, (919) 245-2152
Previously Provided Under Separate
Cover— Also Available Online:
Manager Recommended FY2020-25
County Capital Investment Plan
http://www.orangecountVnc.gov/714/Count
y-Budgets
PURPOSE: To discuss the Manager's Recommended FY 2020-25 Capital Investment Plan
related to Schools and Durham Technical Community College — Orange County Campus
Projects.
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 2020-25 CIP includes County Projects, School Projects, and Proprietary Projects. The
School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and
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 over the next five years, and 4% sales tax growth in Years 2-5. Sales Tax
proceeds for Year 1 (FY 2020-21) are estimated to decline by 4.5% due to the current
coronavirus pandemic. Many of the projects in the CIP will rely on debt financing to fund the
projects.
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This discussion focuses on Schools CIP projects and the Durham Technical Community College
— Orange County Campus new academic building project. Note: The page numbers referenced
are as they appear in the CIP document. See Attachment A for the Overall CIP Summary (page
19), and School CIP Projects Summary (pages 24 and 101).
FINANCIAL IMPACT: There is no immediate financial impact associated with discussion of the
FY 2020-25 Capital Investment Plan. It is a long-range financial planning tool with a financial
impact in FY 2020-21, if the first year of the CIP is approved by the Board of County
Commissioners with the adoption of the Annual Budget.
SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated
with discussion of this item.
ENVIRONMENTAL IMPACT: There are no Orange County Environmental Responsibility Goal
impacts associated with discussion of this item.
RECOMMENDATION(S): The Manager recommends the Board review and discuss the
Manager's Recommended FY 2020-25 Capital Investment Plan and provide direction to staff.
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Orange County Capital Investment Plan-Plan Summary-RECOMMENDED
Fiscal Years 2020-25
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 Year to
Appropriations 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Total Year10
County 11,518,264 13,082,582 24,189,587 21,181,857 12,356,294 8,684,412 79,494,732 115,019,483
Proprietary
Solid Waste 1,545,536 1,946,752 1,820,331 2,812,933 1,750,398 1,138,264 9,468,678 8,662,796
Sportsplex 372,000 922,000 245,000 1,525,000 430,000 2,021,000 5,143,000 1,425,000
Water&Sewer Utilities 1,060,000 130,000 1,350,000 945,000 2,425,000
Proprietary Total 2,977,536 2,998,752 3,415,331 5,282,933 2,180,398 3,159,264 17,036,678 10,087,796
School
Chapel Hill-Carrboro City Schools
Bond Referendum 1,922,000 1,922,000
Chapel Hill-Carrboro City Schools 5,080,991 5,074,200 4,568,754 4,667,561 4,769,317 4,874,119 23,953,951 26,602,887
Deferred Maintenance Projects 1,804,200 1,804,200 1,804,200 49,207,493
Recurring Capital Items 1,804,200 1,804,200 1,804,200 1,804,200 1,804,200 1,804,200 9,021,000 9,021,000
Supplemental Deferred Maintenance Program 1,800,000 10,000,000 6,242,000 18,042,000
Chapel Hill-Carrboro City Schools Total 8,689,391 10,482,600 18,294,954 12,713,761 6,573,517 6,678,319 54,743,151 84,831,380
Orange County Schools
Bond Referendum 20,064,000 11,386,000 11,386,000
Orange County Schools 3,367,615 3,363,113 3,028,11C 3,093,598 3,161,040 3,230,501 15,876,362 17,269,922
Deferred Maintenance Projects 1,195,800 1,195,800 1,195,800 44,303,065
Recurring Capital Items 1,195,800 1,195,800 1,195,800 1,195,800 1,195,800 1,195,800 5,979,000 5,979,000
Supplemental Deferred Maintenance Program 4,150,000 3,600,000 4,208,000 11,958,000
Orange County Schools Total 25,823,215 9,904,713 19,209,910 8,497,398 4,356,840 4,426,301 46,395,162 67,551,987
Durham Tech Community College 26,547,911
School Total 34,512,606 20,387,313 37,504,864 21,211,159 30,930,357 11,104,620 101,138,31.3 178,931,278
Grand Total 49,008,406 36,468,647 65,109,782 47,675,949 25,467,049 22,948,296 197,669,723 304,038,557
Revenues/Funding Sources
9-1-1 Funds
Article 43 Sales Tax Proceeds
Article 46 Sales Tax Proceeds 2,219,120 2,057,584 2,160,288 2,101,099 2,185,143 2,272,549 10,776,663 12,801,210
Available Project Balances
Bonds
Contributions from Other Infrastructure Partners 100,000 55,000 450,000 3,200,000 3,705,000 92,500
Debt Financing 9,689,22C 10,001,234 22,090,857 13,021,362 11,430,339 7,031,298 63,575,090 75,745,637
Debt Financing-2/3 Net Debt Bonds
Debt Financing-Affordable Housing Bond Proceeds
Debt Financing-Article 46 Sales Tax 1,060,000 130,000 1,350,000 945,000 2,425,000
Debt Financing-Bond Proceeds 20,064,000 13,308,000 13,308,000
Debt Financing-Durham Tech 26,547,911
Debt Financing-E911
Debt Financing-Older Facilities 1,000,00C 1,000,000 1,000,000
Debt Financing-School Improvements 7,012,132 13,042,375 20,774,222 17,707,706 7,342,86C 7,429,717 66,296,880 132,529,017
Debt Financing-Solid Waste 833,356 1,025,952 1,820,331 2,405,285 1,750,398 1,138,264 8,140,230 8,662,796
Debt Financing-Sportsplex 372,000 895,000 1,275,000 320,000 1,891,000 4,381,000
From 9-1-1 Funds
From Capital Reserve Funds 3,000,000 3,000,000 3,000,000
From Other Projects
General Government Revenue
Grant Funding 432,572 1,422,691 445,500 832,500 250,000 750,000 3,700,691 3,010,000
Grant Funds State-E911 Board
Insurance Proceeds
Lottery Proceeds 1,402,354 1,402,354 1,402,354 1,402,354 1,402,354 1,402,354 7,011,770 7,053,140
Medicaid Maximization Funds 68,200 3,629,500
NCDEQ Reimbursment Fund 67,000 500,000 3,000,000 3,500,000
Partner Funding
PartnerFunding-CountyCapital 400,000 400,000 28,989,133
Qualified School Construction Bonds
Register of Deeds Fees 80,000 80,000 80,000 80,000 80,000 80,000 400,000 400,000
Solid Waste Funds 712,180 920,800 407,648 1,328,448
Sportsplex Funds 27,000 245,000 250,000 110,000 130,000 762,000 1,425,000
Transfer from General Fund 746,272 908,657 983,230 647,995 595,955 823,114 3,958,951 3,152,713
Transfer from Other Capital Funds 150,000
Transfer from Other Funds
Transfer from Other Projects
Transfer from Payment-in-Lieu
Grand Total 49,008,406 136,468,647 65,109,782 47,675,949 25,467,049 22,948,296 197,669,723 304,038,557
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School Projects Summary-RECOMMENDED
Fiscal Years 2020-25
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 Year to
Appropriations 2019-20 2020-21 2021-22 2022-23 2023-24 2074-2r Total Year10
Chapel Hill-Carrboro City Schools 8,689,391 10,482,600 18,294,954 12,713,761 6,573,517 6,678,319 54,743,151 84,831,380
Bond Referendum 1,922,000 1,922,000
Deferred Maintenance Projects 1,804,200 1,804,200 1,804,200 49,207,493
Chapel Hill-Carrboro City Schools 5,080,991 5,074,200 4,568,754 4,667,561 4,769,317 4,874,119 23,953,951 26,602,887
Article 46 Sales Tax Proceeds 1,223,319 1,168,270 1,215,001 1,263,601 1,314,145 1,366,711 6,327,728 7,698,648
Debt Financing-Older Facilities 601,400 601,400 601,400
DebtFinancing-Schoollmprovements 2,412,896 2,461,154 2,510,377 2,560,584 2,611,796 2,664,032 12,807,943 14,645,989
Lottery Proceeds 843,376 843,376 843,376 843,376 843,376 843,376 4,216,880 4,258,250
Recurring Capital Items 1,804,200 1,804,200 1,804,200 1,804,200 1,804,200 1,804,200 9,021,000 9,021,000
Supplemental Deferred Maintenance Program 1,800,000 10,000,000 6,242,000 18,042,000
Orange County Schools 25,823,215 9,904,713 19,209,910 8,497,398 4,356,840 4,426,301 46,395,162 67,551,987
Bond Referendum 20,064,000 11,386,000 11,386,000
Deferred Maintenance Projects 1,195,800 1,195,800 1,195,800 44,303,065
Orange County Schools 3,367,615 3,363,113 3,028,110 3,093,598 3,161,040 3,230,501 15,876,362 17,269,922
Article 46 Sales Tax Proceeds 810,801 774,314 805,287 837,498 870,998 905,838 4,193,935 5,102,562
Debt Financing-Older Facilities 398,600 398,600 398,600
Debt Financing-School Improvements 1,599,236 1,631,221 1,663,845 1,697,122 1,731,064 1,765,685 8,488,937 9,372,470
Lottery Proceeds 558,978 558,978 558,978 558,978 558,978 558,978 2,794,890 2,794,890
Recurring Capital Items 1,195,800 1,195,800 1,195,800 1,195,800 1,195,800 1,195,800 5,979,000 5,979,000
Supplemental Deferred Maintenance Program 4,150,000 3,600,000 4,208,000 11,958,000
Durham Tech Community College 26,547,911
Grand Total 34,512,606 20,387,313 37,504,864 21,211,159 10,930,357 11,104,620 101,138,313 178,931,278
Revenues/Funding Sources
Article 46 Sales Tax Proceeds 2,034,120 1,942,584 2,020,288 2,101,099 2,185,143 2,272,549 10,521,663 12,801,210
Debt Financing-Bond Proceeds 20,064,000 13,308,000 13,308,000
Debt Financing-Durham Tech 26,547,911
Debt Financing-Older Facilities 1,000,000 1,000,000 1,000,000
DebtFinancing-Schoollmprovements 7,012,132 13,042,375 20,774,222 17,707,706 7,342,860 7,429,717 66,296,880 132,529,017
From Capital Reserve Funds 3,000,000 3,000,000 3,000,000
Lottery Proceeds 1,402,354 1,402,354 1,402,354 1,402,354 1,402,354 1,402,354 7,011,770 7,053,140
Grand Total 34,512,606 20,387,313 37,504,864 21,211,159 10,930,357 11,104,620 101,138,313 1 178,931,278