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CHAPEL HILL - CARRBORO CITY SCHOOLS
<br />2015 -2016 Local Fund Revenue Projections
<br />$302 per pupil increase
<br />Projected Student Enrollment
<br />2013 -14
<br />2013 -14
<br />2014 -15
<br />2014 -15
<br />2014 -15
<br />BUDGET
<br />ACTUAL
<br />BUDGET
<br />ESTIMATE
<br />SUPT RECOM
<br />State projection of Students
<br />12,256
<br />12,166
<br />12,353
<br />12,107
<br />12,203
<br />Less: Out-of-County Tuition Paid
<br />(131)
<br />(131)
<br />(131)
<br />(131)
<br />(131)
<br />Existing Charter School students
<br />117
<br />117
<br />117
<br />117
<br />217
<br />Total County Resident Students
<br />12,242
<br />12,152
<br />12,339
<br />12,093
<br />12,289
<br />County Appropriation
<br />$ 31167
<br />$ 3,293
<br />$ 3,571
<br />$
<br />3,571
<br />$
<br />3,873
<br />Special District Tax
<br />$ 1,577
<br />$ 1,825
<br />$ 11 ,764
<br />$
<br />1,764
<br />$
<br />1,798
<br />LOCAL REVENUES
<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 RECON
<br />Co u nty App rop nation
<br />40,019,098
<br />40,019,098
<br />44,066,106
<br />44,066,106
<br />47,595,297
<br />Special District Tax
<br />21,446,134
<br />22,173,813
<br />21,767,826
<br />21,767,826
<br />22,094,343
<br />Prior Year Special District Tax
<br />300,000
<br />158,344
<br />300,000
<br />250,000
<br />250,000
<br />Fair Funding
<br />494,000
<br />494,000
<br />494,000
<br />494,000
<br />494,000
<br />Sales Tax Revenue
<br />75,000
<br />108,388
<br />75,000
<br />75,000
<br />75,000
<br />Tuition - Regular School
<br />170,000
<br />178,040
<br />170,000
<br />170,000
<br />170,000
<br />Tuition - Preschool
<br />380,000
<br />503,389
<br />380,000
<br />440,000
<br />440,000
<br />Fines & Forfeitures
<br />375,000
<br />333,973
<br />375,000
<br />350,000
<br />340,000
<br />ABC Revenue
<br />41,800
<br />41,800
<br />41,800
<br />45,300
<br />45,300
<br />Interest Earned on Investments
<br />50,000
<br />38,313
<br />50,000
<br />25,000
<br />25,000
<br />Medicaid Reimbursements
<br />325,000
<br />164,602
<br />325,000
<br />527,436
<br />450,000
<br />Miscellaneous Revenue
<br />196,717
<br />156,719
<br />196,154
<br />56,149
<br />168,484
<br />Indirect Cost
<br />110,000
<br />144,161
<br />110,000
<br />110,000
<br />110,000
<br />Appropriated Fund Balance
<br />3,222,913
<br />1,054,255
<br />1,000,000
<br />1,000,000
<br />1,000,000
<br />TOTAL LOCAL REVENUES
<br />$ 67,205,662
<br />$ 65,568,894
<br />$ 69,350,886
<br />$ 69,376,817
<br />$ 73,257,425
<br />Budget Assumptions
<br />1. Appropriation is based on the Slate's projected enrollment of 12,203.
<br />2. The County required increase in the per pupil appropriation is $302 per student; from $3571 to $3873.
<br />3. The projected 2015 -2016 district tax one cent valuation amount is $1,060,189. The special district tax rate remains at $.2084.
<br />4. Assumes the County will fund the request at 217 Charter 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 2015 -16.
<br />7. Uses $1,000,000 of Local fund balance to balance the 2015 -2016 budget.
<br />8. Alcohol and Beverage Commission grant in the amount of $45,300 is expected in 2015 -16.
<br />Orange County Budget Office form
<br />2 -2
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