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Note 1 - Formula for Funding the Increase in Per <br /> Pupil <br /> Base Per Pupil Pupil <br /> Increase <br /> Pupillncrease x Allocation = BaseA <br /> 148 $ 3,102.00 $459,096 <br /> Increase <br /> Total Pupils x Increase = for All Pupilsg <br /> 7,585 $ 220.00 $1,668,700 <br /> Increase in Funding (Footnotes A + B) $2,127,796 <br /> Clarence Grier then explained the CHCCS fund balance calculation sheet. <br /> CHCCS Fund Balance 6/30/2011 $10,328,358 <br /> Fund Balance percentage per Board policy <br /> of Original Budgeted GF local expenditures <br /> (minimum) 5.50% <br /> Original General Fund Budget (FY2012) $61,078,312 <br /> Calculated minimum amount of fund balance� $3,359,307 <br /> Excess Fund <br /> Balance° $6,969,051 <br /> �.,. <br /> FY2012-13 Increase in budget per pupil ($67.00)' $67.00 <br /> 12, <br /> FY2012-13 Estimated Enrollment' 115 <br /> Requested increase in funding' $2,086,627 <br /> Proposed FY2012-13 Budget Appropriated Fund Balance2 $3,652,913 <br /> Excess/(Shortage) Fund Balance remaining if CHCCS funded their <br /> requested <br />