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Education Funding in Orange County <br />Model 3 <br />This formula increases the current year per pupil appropriation by the increase in the County's total <br />property valuation. While the projected increase in fiscal year 1999 -00 is 3.37 percent, the average <br />annual increase in valuation for the past five years is about 3.6 percent. <br />Figure 10. FY 2000 -01 Funding Example if Model 3 Used <br />Orange County Example <br />1999 -00 Total General Fund Education Appropriation $48,371,435 <br />Five Year Average Increase in Valuations 3.60% <br />Total 2000 -01 Education Appropriation $50,112,807 <br />Enrollment Projection 15,705 <br />Figure 11 illustrates future trends in school funding if Model 3 were implemented by the Board (the five <br />year increase of 3.6 percent is used as the annual multiplier). <br />Figure 11. <br />$100,000,000 <br />$80,000,000 <br />$60,000,000 <br />$40,000,000 <br />$20,000,000 <br />$0 <br />Model 4 <br />99- 00- 01- 02- 03- 04- 05- 06- 07- 08- 09- <br />00 01 02 03 04 05 06 07 08 09 10 <br />Model four guarantees that the school systems receive a designated percentage of the total General Fund <br />budget. For the purposes of this report, staff assumed that the Board of County Commissioners would <br />want to maintain the current forty -eight percent of General Fund funding threshold for education. <br />Page 7 of 9 <br />