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M: I <br /> +2T <br /> will be abl to book as contingency when our accounts receivable figure is <br /> set, usuall YYj in July when; the audits are complete. As you are aware. a <br /> contingency is essential in the operation of a school system. <br /> Therefore, ou can see from the above that we have made every effort to <br /> reduce our unappropriated Fund Balance during what we could foresee as a <br /> critical year. We cannot, however, reduce it below $150,000 due to commit- <br /> ments which have been made. <br /> Please keep in mind that 7 years ago, Chapel Hill-Carrboro City Schools were <br /> in a defici situation. It has taken awhile to recover from this, but we <br /> will never Forget it happeneq! <br />