2007-08 Adopted Plan - Wake County Public School System

Systemwide - Facility LeasesTown of Garner Lease: Budget code 02.6530.801.311.0318.0940 $1Annual payment recurring next two fi scal years.Dubois Lease: Budget code 02.6530.801.311.0318.0940July 07 at $3,000 per month and August 07-June 08 at $3,797.50 permonth for a total fiscal 07-08 cost of $44,772.50. Recurring the next twofi scal years:July 2008-June 2009 $46,937July 2009-June 2010 $48,345Winn Dixie Lease: Budget code 02.6530.801.311.0318.0940July 2006-June 2007 $449,448July 2007-June 2008 $503,650July 2008-June 2009 $506,337July 2009-June 2010 $506,337Expected Effect on Goal 2008:Leasing the warehouse space will enable the storage of both new andused furniture until facilities are ready for use in newly acquired mobileunits, modular complexes and renovated existing facilities.Crossroads houses various Administrative Staff.Growth of Administration required additional space.The Peakway Development lease is for parking of buses.The Dubois lease is for the lease of a modular elementary campus.The Winn Dixie lease is for a school.Evidence or Reasoning for this Strategy:Leases as approved by the Board of Education.Legal Implications (if any):Leases must be paid.262