Agenda - 06-06-2013 - 1-3 - Laserfiche WebLink

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K Expense funding, the amount of money counties allocate to long -range capital expenditures is discretionary and varies from county to county. School Related Debt Service — repayment of principal and interest on School related debt including general obligation bonds and private placement loans. North Carolina statutes require counties to pay for school related capital items such as acquisition and construction of facilities. In instances where counties borrow funds to pay for such items, the State mandates counties to repay the debt. The amount of money counties borrow for school related projects is discretionary and varies from county to county. Fair Funding — represent funds, split equally between the two school districts, to offset costs of safety and health services such as School Resource Officers and School Nurses. The State does not mandate counties to provide funding for these resources. It is important to note, the 48.1 % target only includes funding for the items identified above — current expense, recurring capital, long -range capital, school related debt service and fair funding. It does not include additional non - mandated County financial support Orange County Commissioners commits to schools. Examples of such appropriations include supplementing state funding for school health nurses, providing school social workers, and school resource officers. The total cost for these non - mandated expenses is approximately $1.9 million. In addition, the County also financially supports non - profit agencies such as Communities in Schools that provide after school programs for middle school students. The chart below summarizes Orange County's financial support to the two school districts. Orange County Financial Support to Chapel Hill - Carrboro City and Orange County Schools FY 2013 -2014 Recommended Budget Current Expense Recurring Capital Long - Range Capital School Related Debt Service Fair Funding School Health Nurses School Social Workers School Resource Officers Total Orange County Support to Local Schools Districts Proceeds from CHCCS Special District Tax Total Financial Support to Local Schools Districts $ 63,466,704 3,000,000 3,724,849 16,632,550 988,000 683,706 692,283 545,514 89,733,606 19,387,964 $ 109,121,570 Both School Districts have requested increases in per pupil funding that would require combined increases in funding ranging between $3.8 to $8.5 million dollars. To fund the request of each district, it will reauire additional revenues from a orooerty tax increase or maior reductions in Countv funded services elsewhere. We have included funding the increased student enrollment of 208 students and an increase of $21 per pupil to a total per pupil funding at $3,188, which represents a $1.1 million increase in the funding between both districts.