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11 <br /> 1 ➢ 30% of proceeds from 1/2 ¢ sales tax levied under Art. 40 are earmarked for school <br /> 2 capital needs <br /> 3 ➢ 60% of proceeds from 1/2 ¢ sales tax levied under Art. 42 are earmarked for school <br /> 4 capital needs <br /> 5 ➢ Money from Public School Building Capital Fund (lottery money) <br /> 6 <br /> 7 Allotted ADM, 2015-16 <br /> 8 • Orange County Schools <br /> 9 o 7,526 (decrease of 2.2%) <br /> 10 • Chapel Hill Carrboro City Schools <br /> 11 o 12,203 (decrease of 1.2%) <br /> 12 <br /> 13 Orange County Schools, Total Dollar Per ADM (graph) <br /> 14 <br /> 15 Chapel Hill-Carrboro City Schools (CHCCS), Total Dollar Per ADM (graph) <br /> 16 <br /> 17 Required Funds for Local School Administrative Units <br /> 18 G.S. 115C-426 <br /> 19 1. The State Public School Fund <br /> 20 ➢ Appropriations for current operating expenses from moneys made available to local <br /> 21 school administrative unit by the State Board of Education <br /> 22 2. The Local Current Expense Fund <br /> 23 ➢ Includes appropriations sufficient, when added to appropriations from the State Public <br /> 24 School Fund, for the current operating expense of the public school system in conformity <br /> 25 with the educational goals and policies of the State and the local board of education, <br /> 26 within the financial resources and consistent with the fiscal policies of the board of <br /> 27 county commissioners. <br /> 28 3. The Capital Outlay Fund <br /> 29 ➢ <br /> 30 <br /> 31 Commissioner Jacobs asked if there was any leeway for the BOCC to determine what <br /> 32 those fiscal policies might be, as they relate to the schools. <br /> 33 Paige Worsham said it does allow some discretion. She said Orange County has a <br /> 34 written fiscal policy, which would determine the level of leeway. <br /> 35 Paige Worsham resumed the presentation: <br /> 36 <br /> 37 Orange County Schools, State Allocated Dollars (graph) <br /> 38 <br /> 39 CHCCS, State Allocated Dollars (graph) <br /> 40 <br /> 41 Required Funds for Local School Administrative Units (cont.) <br /> 42 1. The State Public School Fund <br /> 43 2. The Local Current Expense Fund <br /> 44 3. The Capital Outlay Fund <br /> 45 ➢ Includes appropriations for: <br /> 46 (1) Real property for school purposes <br /> 47 (2) The acquisition, construction, reconstruction, enlargement, renovation, or <br /> 48 replacement of buildings and other structures <br /> 49 (3) The acquisition or replacement of furniture and equipment <br /> 50 (4) The acquisition of school buses <br /> 51 (5) The acquisition of activity buses and other motor vehicles. <br />