ORD-2007-072 - Fiscal Year 2007-2008 Budget - Capital Project and Grant Project Ordinances

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2 • Increasing recommended schools' current expense funding by $2,081,912 bringing the total per pupil appropriation for fiscal year 2007-08 to $3,069, an increase of $112 per student over the fiscal year 2006-07 per pupil appropriation. • Increasing the recommended Schools' Fair Funding appropriation by $188,000, bringing the total Fair Funding appropriation to $988,000 to be split 50/50 between Chapel Hill Carrboro City Schools and Orange County Schools. • Decrease County operations by a net total of$834,013. These decision points are documented in Attachment 1 of this agenda abstract, "Resolution of Intent to Adopt the 2007-08 Orange County Budget." Attachment 2 of this agenda abstract, "Fiscal Year 2007-08 Budget Ordinance" represents the legislation that actually implements the 2007-08 annual operating budget for the County. School and County Capital Projects In addition to the 2007-08 Budget Ordinance, the Board will also need to take action on a number of school and County capital projects. Attachment 3 of this agenda abstract outlines specific County projects that are recommended for pay-as-you-go funding in fiscal year 2007- 08. The actual project ordinances for school and County projects are included in Attachments 4 through 6 of this agenda abstract. Some of the ordinances do not involve new funding appropriations but merely extend the project timelines through a future date. There are other projects that will receive new funding in fiscal year 2007-08. At this time, Orange County Schools has allocated only a portion of their total pay-as-you-go funding. The District's pay-as-you-go funding for fiscal year 2007-08 totals $1,547,986. To date, the District has allocated a total of $1,050,000 leaving a balance of $497,986 unallocated. The Board of Education meets later in July to decide on final allocations of the unallocated monies. Once that has happened, County staff will bring those related capital project ordinances to Commissioners for their approval in August 2007. Education Lottery Proceeds At the June 21, 2007 work session, Commissioners approved an amendment to the County Capital Funding Policy. Per the current policy, as approved by the Board on April 24, 2007, beginning in fiscal year 2007-08, the County will budget NC Education Lottery proceeds "in arrears" — meaning that funds will be budgeted in the year after the State distributes them. For example, lottery proceeds distributed to the County during the upcoming 2007-08 fiscal year would be budgeted the following fiscal year, 2008-09. During the June 21 work session, the Board approved a motion to budget 50 percent of the anticipated Lottery proceeds in fiscal year 2007-08 for each district to use towards capital needs and budget the remaining 50 percent "in arrears'. Since neither district has had an opportunity to decide how they would allocate their share of the 50 percent, staff recommends that the approval of those capital project ordinances come at a future Commissioners meeting. County Grant Project Ordinances The County's grant project ordinances, both those receiving new funding for FY 2007-08 and those which are merely having their project timelines extended, are provided in Attachment 7 of this agenda abstract.