Item:
Title
Support for Lease Purchase Transaction of Computer Equipment for Durham Public Schools
Body
Date Of BOCC Meeting: October 22, 2018
Request For Board Action:
Agenda Text
At the September 6, 2018 Durham Public Schools Operational Services and Policy Work Session, the Board of Education approved the purchase of computer equipment using a multi-year lease purchase agreement with Dell Technologies (State Contract Vendor). This transaction requires approval by the Durham Board of County Commissioners as defined under N.C. Gen. Stat. §§ 115C-528 and 115C-441. Installment purchase contracts exceeding a three-year term and $250,000 in financing are considered “continuing contracts for budgeted funds,” and are subject to approval by the Board of County Commissioners. (See, e.g., N.C. Gen. Stat. § 115C-528(e), (g) and § 115C-441(c1).)
In addition, the repayment term is recalculated each year based on the current year financing charge making the terms less than five years, so the requirement for Local Government Commission approval does not apply since only contracts with terms of five or more years and involving $500,000 in financing require such approval. (See N.C. Gen. Stat. § 115C-528(f) and § 159-148.)
Durham Public Schools will use annual budgeted funds for this request; therefore, no additional funding from the County is required.
Alignment with Strategic Plan: This project aligns with Goal 1: Objective 1 - Increase Academic Achievement; 1D - By 2023, 100 percent of all teachers, leaders, and staff will use technology as a tool for accelerating and personalizing student learning.
Resource Persons: Stephen Brown, Manager Networking and Infrastructure - Information Technology Services
County Manager’s Recommendation: The County Manager recommends that the Board approve use of capital funds as described above.
Signature
County Manager: ____________________________