Orange County NC Website
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4 <br /> 1 - Teacher Raises <br /> 2 <br /> 3 <br /> 4 2014-15 State Student Enrollment Projection <br /> 5 2014-15 State Enrollment Projection 12,353 <br /> 6 2013-14 State Enrollment Projection 12,256 <br /> 7 District Projected Enrollment Increase 97 <br /> 8 <br /> 9 Enrollment Growth 2008-09 to 2014-15 (Bar Graph) <br /> 10 <br /> 11 Unassigned Fund Balance <br /> 12 2012-13 Audit 4.1% <br /> 13 2013-14 Year End Estimate 3.1% <br /> 14 Policy Target 5.5% <br /> 15 $2.2 million assigned to balance this year's budget is not available for 2014-15 <br /> 16 <br /> 17 Local Continuation Budget Requests <br /> 18 State Mandates <br /> 19 Employer health insurance match increase $ 165,000 <br /> 20 State retirement match increase —from 14.23% to 14.59% $ 250,000 <br /> 21 Read to Achieve summer camp $ 50,000 <br /> 22 Employee salary increase — 3% for locally-paid staff $1,450,000 <br /> 23 Subtotal $1,915,000 <br /> 24 Continuation of Current Services <br /> 25 State sales tax on contracted services $ 150,000 <br /> 26 1% Unemployment reserve $ 50,000 <br /> 27 Reserve homeless transport, translation, and 504 services $ 50,000 <br /> 28 Equal Opportunity Schools $ 30,000 <br /> 29 Subtotal $ 280,000 <br /> 30 TOTAL OF CONTINUATION BUDGET REQUESTS $ 2,195,000 <br /> 31 <br /> 32 Mandated Cost Increases 2007-08 through 2014-15 (bar graph) <br /> 33 <br /> 34 Local Expansion Budget Requests <br /> 35 Culbreth Science Wing Custodian $39,349 <br /> 36 Contracted Services (Strategic Plan)$50,000 <br /> 37 <br /> 38 Total Budget Request <br /> 39 Total: Mandates, Continuation, & Expansion Requests $2,284,349 <br /> 40 Less: Increased enrollment anticipated funding ($317,093) <br /> 41 Less: Inflationary Increase— special district tax ($321,692) <br /> 42 Add: Fund balance short fall $2,222,913 <br /> 43 Amount of Requested Increase $3,868,477 <br /> 44 <br /> 45 NC Average Teacher Compensation vs. National Average (graph) <br /> 46 <br /> 47 State Teacher Compensation <br /> 48 16 years to earn $40K <br /> 49 2008-09 6th year teacher earns $36,670 <br /> 50 2013-14 6th year teacher earns $31,220 <br />