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EDUCATION, HUMAN SERVICES <br />AND PUBLIC SAFETY (83%) <br />EXPENDITURES FOR <br />EDUCATION <br />$59 MILLION GENERAL FUND DOLLARS FOR EDUCATION <br />^ Current Expense $42 million <br />^ Capital 3 million <br />^ Debt Service 74 million <br />^ Number ~ in the State According to Most Recent Public School Forum Report <br />CAPITAL PROJECTS <br />^ $ ~ 8.8 Million in School Capital Projects <br />~ OCS $6.3 Million <br />-CHCCS $12.5 Million <br />^ $5.6 Million in County Capital Projects <br />$2.4 Million in Building Improvements <br />Purchase of 112/718 Churton Street <br />Hardware and Software for New Financial System <br />FUND BALANCE POSITION <br />^ $12.3 Million Undesignated as of 6/30/2003, <br />^ Increase of $700 Thousand from 2002. <br />^ 10.4% of 2003 Expenditures. <br />^ 9.5% of 2003-2004 Budget. <br />^ Surpasses 8% LGC Recommended Minimum. <br />^ $2 million in fund balance appropriated for 2Q03-20Q4 Budget. <br />^ 2.2 CENTS TAX RATE EQUIVALENT. <br />FUND BALANCE <br />^ FUND BALANCE REMAINS SOUND. <br />^ % CENTS SALES TAX KEY FACTOR, <br />^ BOCC USED PORTION OF NEW TAX FOR FUND BALANCE RESTORATION. <br />DEBT POSITION <br />^ OUTSTANDING DEBT a~ 6/30/03 $47.8 MILLION. <br />^ DEBT EVIDENCED BY <br />