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2 <br />1 <br />2 Superintendent Rhodes made a PowerPoint presentation. He said that enrollment <br />3 drives funding, and there is an expected increase in enrollment by 2.5%. There is a proposed <br />4 increase in benefits of $250,000. It is expected that this will continue to rise. <br />5 <br />6 ORANGE COUNTY SCHOOLS <br />7 Approved Local Budget <br />8 2011-2012 <br />9 Orange County Board of County Commissioners <br />10 April 26, 2011 <br />11 Projected Enrollment: 7,272 <br />12 (Increase of 80 Students) <br />13 Charter School Students 269 <br />14 Out-of-District Students -98 <br />15 Adjusted ADM Projection 7,443 <br />16 Multiplied by the Per Pupil Allocation $3,096 <br />17 <br />18 Total County Appropriation $23,043,528 <br />19 <br />20 County Appropriation $23,043,528 <br />21 Other Restricted Funds $1,205,326 <br />22 (More at Four, Head Start, FLAP Grant, Afterschool) <br />23 Fair Funding $494,000 <br />24 Fines Sz Forfeitures $257,600 <br />25 Interest $33,300 <br />26 Fund Bal.-Carryover 146 810 <br />27 Total Local Revenues $25,180,564 <br />28 <br />29 State Retirement Rate Increase (1.1%) $145,681 <br />30 Hospitalization Insurance Increase (4.7%) 104 516 <br />31 Total Increase - $250,197 <br />32 <br />33 <br />34 <br />35 Fund Balance Appropriation $1,400,000 <br />36 Operating Budget Reductions $1,186,215 <br />37 Lottery Proceeds $571,000 <br />38 <br />39 Total Redirected Funds $3,157,215 <br />40 <br />41 Superintendent Rhodes stressed that this $3.1 million is a one-time deal and is to help <br />42 offset the budget reductions. <br />43 <br />44 Local Recurring Cost Reductions 2008-2011 <br />45 2008-2009 $769,033 <br />46 2009-2010 $1,999,286 <br />47 2010-2011 196192 <br />48 Total District Reductions - $2,964,511 <br />49 <br />