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John Link said that if a 60140 split were pursued, the County would receive more <br />revenue than under the current policy. If the option is pursued for the OCS, either not <br />participating as much, or not participating at all and paying for Cedar Ridge, they will get more <br />funding and CHCCS will get less funding. He said that the overall funding is the same, but the <br />configurations and appropriations between the three entities are different. <br />Lisa Stuckey said that in options 5A-C, the total is significantly lower than the other <br />options. Donna Dean said that these options came about last week and she has not put as <br />much time in thinking those out as she has options 1-4. <br />Libbie Hough asked if these figures incorporate Elementary #10 and Middle School #5 <br />that may be needed at CHCCS. Donna Dean said that these figures include the currently <br />programmed debt, which does not include Elementary #10, but does include the $12.8 million <br />that will be redirected from Elementary #10 to other projects as the Board sees fit. It also <br />includes the selling of $4.2 million in 213 net debt. <br />Libbie Hough said that when they refinance Elementary #10 and any unforeseen <br />projects, the pie would be cut again. She wants to keep the long-term focus. <br />John Link said that when they address debt service for Elementary School #10, it will be <br />with the additional ability to borrow funding and the County can then incur greater debt. <br />Elizabeth Brown asked about McDougle Middle School and the amount that CHCCS had <br />to use of their pay-as-you-go money and far how many years. Ken Chavious said that they <br />borrowed $9.6 million. OCS had $13.6 million for Cedar Ridge in 2000, and it goes away in <br />2010. <br />Commissioner Gordon said that the Board of County Commissioners asked for <br />information on the number of buildings for all of the schools and the County. She thought this <br />might be relevant when trying to figure out the three cents and one-cent allocation. She asked <br />the school boards to provide the dollar figures for the list of capital projects. <br />Lisa Stuckey said that they were asked not to provide the dollar figures. Commissioner <br />Gordan said that the staff might have said not to provide it, but the County Commissioners <br />would like to see it. <br />Chair Carey said that they know the school boards are waiting far a decision from the <br />Board of County Commissioners on which option will be pursued. He said that they would make <br />that decision at the May 3`d Board of County Commissioners' meeting. They still have to <br />discuss the questions that include the options and assumptions that staff put together. <br />b. School Funding Equity <br />Jahn Link said that this item was discussed at the Board of County Commissioners' work <br />session last week. He went through the major points as shown on the PowerPoint presentation <br />below: <br />SCHOOL FUNDING EQUITY <br />RESEARCH & ANALYSIS <br />Fall 2003 presentations, work sessions, public hearings on potential school merger <br />impacts and funding equity <br />September 15, 2003 staff report -appendices reflect hypothetical financial and <br />taxation impacts under various funding equity scenarios <br />Equity/merger actions reserved pending results of three education initiatives <br />o Educational Excellence Work Group - UNC School of Education study of <br />resources <br />o School Collaboration Work Group -regular facilitated meetings of Chair, Vice <br />Chair, Superintendents, Manager <br />o County/School Efficiency Study -Robert Segal, CPA <br />