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HAPEL HILL Attachment B 4 <br />ORO <br />CITY SCHOOLS <br />Apri116, 2014 <br />Mr. Michael Talbert <br />Interim Orange County Manager <br />208 S. Cameron St. <br />Hillsborough, NC 27278 <br />Dear Mr. Talbert: <br />Enclosed are 10 copies of the Chapel Hill — Carrboro City Schools' Board Requested 2014 -15 <br />Budget Book for the Orange County Commissioners and members of your Finance staff. The <br />School Board's request represents the priorty needs of our school district for 2014 -15. <br />The largest portion of the Board's budget request represents the district's fund balance shortfall <br />for next year. The district has funded $2.2 million of operating expense items on our fund <br />balance for the past three years as we protected the quality of our academic instruction during the <br />recent economic recession. We continued to be hopeful that there would be an economic upturn <br />by the time our fund balance was depleted and we would be able to recover lost State and <br />Federal funding. The recovery has not occurred and we are, again, looking to the Orange County <br />Commissioners to help us through this very difficult budget cycle. <br />We have identified $4,507,262 in prioritized needs including funding for an anticipated pay raise <br />for district employees who have only received a 1.2% raise in the past five years. Other <br />mandatory budget increases for employee benefits and State law changes that have impacted our <br />operating budget are included in our request. <br />The State has projected our district to increase by 97 students next year. The County has <br />historically provided funding for our enrollment growth. The annual inflationary increase to our <br />special district tax base has been estimated at 1.5 %. These two anticipated revenue increases <br />total $638,785 leaving $3,868,477 of our budget needs unfunded. <br />Our Board included in its approved budget resolution on April 10, 2014 the authorization for the <br />County Commissioners to increase the district tax as needed to fully fund our budget request. <br />We look forward to our April 29th joint meeting where we will provide a detailed overview of <br />our budget request. <br />Sincerely, <br />Y e vd �� <br />Thomas Forcella, <br />Superintendent <br />Enclosures <br />Lincoln Center, 750 S. Merritt Mill Road • Chapel Hill, NC 27516 -2878 • (919) 967 -8211 - www.chccs.kl2.nc.us <br />