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6 <br /> Orange County Schools <br /> Fund Balance Calculation-UPDATED <br /> OCS Fund Balance 6/30/2011 $ 4,875,245 <br /> Fund Balance percentage per Board policy <br /> of Original Budgeted G F Local expenditures(max) 3.00% <br /> Original General Fund Budget (FY2012) $23,989,855 <br /> Calculated maximum amount of fund balance $ 719,696 <br /> Excess Fund Balance C $ 4,155,549 <br /> FY2012-13 Increase in budget per pupil($220.00) 1 $220.00 <br /> FY2012-13 Estimated Enrollment 1 7,585 <br /> Requested increase in funding 1 $ 2,127,796 <br /> Proposed FY2012-13 Budget Appropriated Fund Balance $ 1,431,698 <br /> Fund Balance remaining if OCS funded their requested <br /> Increase D $ 596.055 <br /> Amount over(under)the maximum requirement (C-D) $ (123,641) <br /> Orange County Schools would be under the maximum allowed fund balance by$123,641. <br /> Note 1-Formula for Funding the Increase in Per Pupil <br /> Increase <br /> Total Pupils x increase = for All Pupils <br /> 7,585 x $ 220.00 A $ 1,668,700 <br /> Base Per Pupil Pupil <br /> Pupil Increase x allocation Increase Base <br /> 148 $ 3,102.00 B $ 459,096 <br /> Increase in funding(A+B) $ 2,127,796.00 <br /> Donna Coffey said that this fund balance policy has been updated since 1986 and that <br /> Orange County Schools' fund balance is 3%. <br />