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This amount was allocated to help buffer local expense increases and significant state <br /> reductions. <br /> Jamezetta Bedford said that the school board would like to know if the Board of County <br /> Commissioners is going to issue debt in 2012 so they can build Elementary#11 to be ready by <br /> 2013. She said that the school board is willing to use over$3 million of its fund balance, and if <br /> so, they need to be ready in October to move forward. <br /> Frank Clifton said that, based on the analysis of where the County is now, he believes that <br /> the bonds can be sold in August 2012. This would defer the payments until February 2013. He <br /> said that the construction could be moved forward for Elementary#11 if the Board agrees. <br /> Chair Pelissier said that if the school board is going to discuss this in October then it <br /> should send the Board of County Commissioners a request after the discussion. <br /> Commissioner Gordon said that CHCCS is going to need Elementary#11, and referenced <br /> the Schools Adequate Public Facilities Ordinance (SAPFO). She noted that the school is <br /> designed and there is already a special use permit. This only leaves the Board of County <br /> Commissioners going through the approvals to issue the debt. She is supportive of moving this <br /> forward. <br /> Commissioner Hemminger said that she is supportive of this as well, but only if it balances <br /> out with the County and the rates, etc. <br /> Frank Clifton said that a word of caution is that if they use reserve funds, start <br /> construction, and there are delays to the sale of a bond, then that can cause delays and put <br /> more operational pressures on the County and the school systems. <br /> Commissioner McKee said that the only concern he has is with the tight timeframe. <br /> 3. Oranqe County Schools (OCS) —Overview of Approved FY 2011-12 Budqet <br /> Superintendent Rhodes made a PowerPoint presentation. <br /> Orange County Schools <br /> Funding Overview <br /> Locally Funded Qualified School Construction Bond Projects (pictures of projects at <br /> Central Elementary, Stanford Auditorium, and roof replacement) <br /> Student Membership for the 2011-2012 School Year <br /> K-5: 3,357 students <br /> 6-8: 1,696 students <br /> 9-12: 2,307 students <br /> Total: 7,360 students <br /> State Projection: 7,272 students <br /> State Funding Cuts for 2011-2012 <br /> Assistant Principal Allotment $117,212 <br /> Instructional Supplies $239,353 <br /> Central Office Funding $111,912 <br /> Instructional Support $35,930 <br /> Non-Instructional Support $540,015 <br /> Transportation $583,416 <br />