Staff will present the current working draft of the CIP to the Board.  The working draft is attached and intentionally excludes water and sewer projects at this time.  The figures included for the Schools' projects are from the CIP they proposed last year.  The Schools staff is currently working to adjust their CIP project, timing, and estimates within the upcoming five year period.

Given the substantial capital needs within this plan, staff is recommending that $11.5M of the $11.9M in local funding made available through use of the second round of CARES Act be used to fund projects within this plan.  Absent this cash funding, projects identified in the attached draft will need to be shifted out beyond the five-year planning period.  This plan as it is drafted now causes us to exceed our 10% debt service to expenditures ratio in FY 2025 and FY 2026.  $24.5M in debt will need to be removed from the plan either through project estimate revisions, achievement of State/Federal funding for some of the projects, or the availability of additional cash for the projects.

Staff will add presentation materials to this agenda item as they become available.