2006 - 2016 Manager’s Recommended
Capital Investment Plan
The County’s Capital Investment Plan (CIP) serves as a planning tool that provides a mechanism to forecast long-range future capital needs for both school districts and the County. Orange County’s long-range plan covers a ten-year period. Annually, staff and the Board consider many factors as they update the CIP, including funding availability, newly identified BOCC priorities, and student membership projections.
As the Board reviews the recommended long-range plan, there is opportunity to discuss projects and adjust the proposed plan, if necessary, before adoption in June. It is important to note that while the BOCC formally adopts a long-range plan each year, the CIP is a “living document” that the Board can amend at any time. Each year, staff and the Board of County Commissioners take the opportunity to re-assess previously identified needs to determine if future needs remain the same as those outlined in past approved plans, or to determine if needs and priorities have changed and accordingly, that revisions to the previous CIP are in order.
At the March 15, 2006 budget work session, the Board affirmed staff’s intent to present a CIP that provides for the same earmarking of sales tax and property tax capital revenue sources for 2006-07 as was allocated by the Board for 2005-06. The revenue assumptions for 2007-08 include earmarking of an additional half penny each of property tax revenue for both school recurring capital and for County long-range capital. In 2008-09, full funding of the Board’s May 2005 school & County capital funding policy would be achieved, with one final increase of a half penny each of additional property tax revenue for both school recurring capital and for county long-range capital.
The Manager and County staff have developed proposed allocations among various County projects of the capital revenues anticipated to become available during the next ten years. County staff will make a presentation reflecting major elements of the County recommended CIP for 2006-16. Detailed review of the Manager’s County capital recommendations are slated for the April 20, 2006 budget/capital work session. At that point, the BOCC can begin to make decisions and act on the County portion of the CIP.
The recommended ten-year CIPs for both school systems are tentatively scheduled for presentation at the Board’s regular meeting on May 16, 2006, with review of school capital projects to take place during the June 2006 budget work sessions.
Projects in the CIP include not only those to be funded with pay-as-you-go revenue such as sales tax proceeds, but also those funded with already-issued or otherwise programmed debt. Projects that may be partially or completely unfunded at this time may be addressed through future debt issuance such as general obligation bonds, certificates of participation, or private placement loans.
Table of Contents
Section 1 – Summary of Manager’s Recommended Projects
Section 2 – County Projects Narrative
Section 3 – County Projects Budget