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CHAPEL HILL - CARRBORO CITY SCHOOLS
<br />2014 -2015 Local Fund Revenue Projections
<br />$302 per pupil increase
<br />County Appropriation
<br />2012 -2013
<br />2012 -2013
<br />2013 -14
<br />2013 -14
<br />2014 -15
<br />2014 -15
<br />2014 -15
<br />Projected Student Enrollment
<br />BUDGET
<br />ACTUAL
<br />BUDGET
<br />ESTIMATE
<br />SUPT RECOM
<br />BOARD REQ
<br />BOARD APPR
<br />State projection of Students
<br />12,129
<br />12,129
<br />12,256
<br />12,256
<br />12,388
<br />12,353
<br />12,353
<br />Less: Out -of- County Tuition Paid
<br />(157)
<br />(157)
<br />(131)
<br />(131)
<br />(131)
<br />(131)
<br />(131)
<br />Existing Charter School students
<br />140
<br />140
<br />117
<br />117
<br />117
<br />117
<br />117
<br />Total County Resident Students
<br />12,112
<br />12,112
<br />12,242
<br />12,242
<br />12,374
<br />12,339
<br />12,339
<br />County Appropriation
<br />$ 3,167
<br />1 $
<br />3,167
<br />$
<br />3,269
<br />$
<br />3,269
<br />$ 3,499
<br />$ 3,583
<br />$ 3,571
<br />Special District Tax
<br />$ 1,577
<br />1 $
<br />1,577
<br />$
<br />1,752
<br />$
<br />1,752
<br />$ 1,759
<br />$ 1,764
<br />$ 1,764
<br />LOCAL REVENUES
<br />2012 -2013
<br />2012 -2013
<br />2013 -14
<br />2013 -14
<br />2014 -15
<br />2014 -15
<br />2014 -15
<br />BUDGET
<br />ACTUAL
<br />BUDGET
<br />ESTIMATE
<br />SUPT RECOM
<br />BOARD REQ
<br />BOARD APPR
<br />County Appropriation
<br />38,368,205
<br />38,368,205
<br />40,019,098
<br />40,019,098
<br />43,294,816
<br />44,204,668
<br />44,066,106
<br />Special District Tax
<br />19,101,442
<br />19,470,218
<br />21,446,134
<br />21,446,134
<br />21,767,826
<br />21,767,826
<br />21,767,826
<br />Prior Year Special District Tax
<br />300,000
<br />231,482
<br />300,000
<br />300,000
<br />300,000
<br />300,000
<br />300,000
<br />Fair Funding
<br />494,000
<br />494,000
<br />494,000
<br />494,000
<br />494,000
<br />494,000
<br />494,000
<br />Sales Tax Revenue
<br />90,000
<br />77,425
<br />75,000
<br />75,000
<br />75,000
<br />75,000
<br />75,000
<br />Tuition - Regular School
<br />160,000
<br />173,573
<br />170,000
<br />170,000
<br />170,000
<br />170,000
<br />170,000
<br />Tuition - Preschool
<br />380,000
<br />277,099
<br />380,000
<br />385,155
<br />380,000
<br />380,000
<br />380,000
<br />Fines & Forfeitures
<br />375,000
<br />311,457
<br />375,000
<br />375,000
<br />375,000
<br />375,000
<br />375,000
<br />ABC Revenue
<br />38,000
<br />38,000
<br />41,800
<br />41,800
<br />41,800
<br />41,800
<br />41,800
<br />Interest Earned on Investments
<br />85,000
<br />42,140
<br />50,000
<br />50,000
<br />50,000
<br />50,000
<br />50,000
<br />Medicaid Reimbursements
<br />300,000
<br />873,840
<br />325,000
<br />325,000
<br />325,000
<br />325,000
<br />325,000
<br />Miscellaneous Revenue
<br />195,151
<br />338,956
<br />196,717
<br />309,424
<br />196,717
<br />196,717
<br />196,154
<br />Indirect Cost
<br />170,000
<br />128,002
<br />110,000
<br />110,000
<br />110,000
<br />110,000
<br />110,000
<br />Appropriated Fund Balance
<br />3,222,913
<br />3,084,402
<br />3,222,913
<br />3,584,566
<br />1,000,000
<br />1,000,000
<br />1,000,000
<br />TOTAL LOCAL REVENUES
<br />$ 63,279,711
<br />$ 63,908,799
<br />$ 67,205,662
<br />$ 67,685,177
<br />$ 68,580,159
<br />$ 69,490,011
<br />$ 69,350,886
<br />Net Increase in Revenues: $ 2,145,224
<br />Increase in per pupil appropriation
<br />$ 4,046,926
<br />Increase in special district tax
<br />321,692
<br />Decrease in appropriated FIB
<br />(2,222,913)
<br />Net Increase in Local Revenues
<br />$ 2,145,705
<br />Budget Assumptions
<br />1. Appropriation is based on the State's projected enrollment of 12,353.
<br />2. The County increased the per pupil appropriation from $3269 to $3571.
<br />3. The projected 2014 -2015 district tax one cent valuation amount is $1,044,521. The special district tax rate remains at $.2084.
<br />4. Charter students will be funded at 117 students.
<br />5. Assumes the County will continue the Fair Funding allocation of $494,000 to each district.
<br />6. Carol Woods contribution of $30,000 is included in the miscellaneous revenue projection for 2014 -15.
<br />7. Uses $1,000,000 of Local fund balance to balance the 2014 -2015 budget.
<br />8. Alcohol and Beverage Commission grant in the amount of $38,000 is expected in 2014 -15.
<br />Orange County Budget Office form
<br />2 -2
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