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• Capital $ 6.6 million <br />• Debt Service $17.9 million <br />• Number 1 in the State According to Most Recent Public School Forum Report <br />FUND BALANCE POSITION <br />• $21.4 Million Undesignated as of 6/30/2007 <br />• Increase in Undesignated fund balance of $6.1 Million. <br />• 13.24 % of 2007 Expenditures. <br />• Exceeds LGC 8% Recommended Minimum <br />• Positive Movement toward 15% Desired Level <br />Undesignated Fund Balance As A Percentage of General Fund Expenditures (graph) <br />Dollar Amount of General Fund Undesignated Fund Balance <br />Shown in Millions of Dollars (graph) <br />DEBT POSITION <br />• OUTSTANDING GENERAL FUND DEBT @ 6/30/07 $233.3 MILLION <br />• NET INCREASE IN DEBT OF $44.5 MILLION <br />• ($59 MILLION NEW DEBT $14.5 RETIRED) <br />• DEBT EVIDENCED BY <br />BONDS $139.2 MILLION <br />ALTERNATIVE $ 94.1 MILLION <br />DEBT ISSUED 2006-2007 <br />• $59,057,000 IN ALTERNATIVE FINANCING <br />• $ 9.0 MILLION CARRBORO HIGH SCHOOL <br />• $23.3 MILLION ELEMENTARY SCHOOL #10 <br />• $ 3.5 MILLION CHCCS RENOVATIONS <br />• $10.2 MILLION JUSTICE FACILITIES <br />• $ 2.5 MILLION SENIOR CENTER <br />• $ 2.3 MILLION WEST TEN SOCCER <br />• $ 3.6 MILLION DTCC SATELLITE CAMPUS <br />• $ .6 MILLION JAIL RENOVATIONS <br />• $ 1.5 MILLION SPORTSPLEX RENOVATIONS <br />• $ 2.2 MILLION SOLID WASTE OPERATIONS CENTER <br />• .4 MILLION EFLAND SEWER <br />