HomeMy WebLinkAboutAgenda - 11-13-2008 - 1ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: November 13, 2008
Action Agenda
Item No. 1
SUBJECT: Discussion of 2009-19 Recommended County Capital Investment Plan (CIF
DEPARTMENT: County Manager and Budget PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
INFORMATION CONTACT:
To view the FY 2009-19 County Capital Laura Blackmon, (919) 245-2300
Investment Plan (CIP) go to Donna Coffey, (919) 245-2151
www. co . o ra n qe . n c. u s/b u d g et/2009-
19ManagerRecommendedClP.asp
PURPOSE: To discuss the FY 2009-19 recommended County Capital Investment Plan (CIP).
BACKGROUND: The County Manager presented the FY 2009-19 County Capital Investment
Plan (CIP) to the Board on October 21, 2008. The proposed Plan outlines County capital needs
in excess of $225 million with identified revenue streams of $206.2 million to fund highest
priority projects. This leaves $18.8 million in unfunded needs listed in Appendix B of the CIP
document. Identified revenue streams to fund projects include $135.5 million coming from pay-
as-you-go and past debt issuances and $70.7 million proposed for future debt funding.
Tonight's work session offers the Board an opportunity to continue County capital discussions
from the October 28, 2008 budget work session. No decision is expected at this work session.
A public hearing regarding the County and Schools' CIP is scheduled for November 18, 2008 at
the Southern Human Services Center located on Homestead Road in Chapel Hill, NC.
FINANCIAL IMPACT: The proposed Plan outlines capital needs in excess of $225 million with
identified revenue streams of $206.2 million to fund highest priority projects. This leaves $18.8
million in unfunded needs listed in Appendix B of the CIP document. Additional financial
impacts including annual operating costs associated with new projects are provided in the 2009-
19County CIP document
www co orange nc us/budget/2009-19ManagerRecommendedClP.asp
RECOMMENDATION(S): The Manager recommends the Board of County Commissioners
discuss the FY 2009-19 Recommended County Capital Investment Plan (CIP).