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~~ <br />4 <br />balance. The 5121,000 in reserve could be used to offset inflation. The <br />total markup would be 5489,831. <br />Commissioner Whitted suggested that the 545,500 for Orange High <br />School roof be covered out of the 5140,000 undesignated capital. <br />The markup list total, taking into consideration the 5121,000 in <br />salary reserve and the deduction of the Mebane items and the Art School, <br />gives a net amount of $36;025. <br />For Chapel Hill-Carrboro School System the 5376,000 needed for <br />salaries will came from: <br />5140,000 - increase in the tax base <br />130,000 - the district tax <br />106,801 - Chapel Hill-Carrboro unappropriated fund balance <br />Chair Willhoit mentioned that the Orange County unappropriated <br />-. fund balance of 5280,000 reported estimated revenues from investments of <br />- 556,000; while Chapel gill-Carrboro School System with a fund balance of <br />1.1 million reported estimated revenues from investments of 587,000, and <br />questioned the projected interest earned. <br />Gay indicated the estimated investment figure is low and should <br />be around 5135,000. <br />Tuition income is projected to decrease and Willhoit questioned <br />the number of students from outside the district and if the increase for <br />_ these students is based on the per pupil amount. <br />Chair Willhoit questioned why the fines and forfeiture amount is <br />the same. <br />Commissioner Whitted restated that the state has granted to all <br />employees in the school system and all state employees a 10$ increase in <br />= -salary and for certificated teachers will give a one step increase amounting- <br />.- to 4.8$. Chapel gill-Carrboro has indicated a desire to grant all school <br />emplcyees a 15~ increase but the state did not and the Orange County stystem <br />