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County plans $7.8M draw from capital renewal reserve; CFIP lists $650M in mostly unfunded projects
Summary
Budget presentation disclosed a $7.8 million draw from the capital renewal reserve—leaving roughly $13 million—and a five-year CFIP identifying about $650 million in mostly unfunded capital needs including fire-alarm replacement and paving projects.
County budget staff told the board the recommended budget includes a $7.8 million draw from the capital renewal reserve to cover pressing capital needs and carryover projects.
Emily explained that the county's five-year Capital Facilities Improvement Plan (CFIP) lists roughly $650 million in project costs—most unfunded—and that the recommended capital project funding in this budget is about $48 million for identified high-priority projects (for example, replacing the fire alarm system in the county building and repaving parking lots). She cautioned that the $7.8 million draw "is just a drop in the bucket" compared with the CFIP total and noted that the draw would reduce the capital renewal reserve to about $13 million.
County staff said they have been setting aside $3–5 million annually to maintain county buildings and will continue to seek one-time funds or consider debt issuance for larger capital projects.
