Orange County NC Website
Increasing recommended schools' current expense funding by $2,081,912 bringing the <br />total per pupil appropriation for fiscal year 2007-08 to $3,069, an increase of $112 per <br />student over the fiscal year 2006-07 per pupil appropriation. <br />Increasing the recommended Schools' Fair Funding appropriation by $188,000, bringing <br />the total Fair Funding appropriation to $988,000 to be split 50/50 between Chapel Hill <br />Carrboro City Schools and Orange County Schools. <br />Decrease County operations by a net total of $834,013. <br />These decision points are documented in Attachment 1 of this agenda abstract, "Resolution of <br />Intent to Adopt the 2007-08 Orange County Budget." Attachment 2 of this agenda abstract, <br />"Fiscal Year 2007-08 Budget Ordinance" represents the legislation that actually implements the <br />2007-08 annual operating budget for the County. <br />School and County Capital Projects <br />In addition to the 2007-08 Budget Ordinance, the Board will also need to take action on a <br />number of school and County capital projects. Attachment 3 of this agenda abstract outlines <br />specific County projects that are recommended for pay-as-you-go funding in fiscal year 2007- <br />08. The actual project ordinances for school and County projects are included in Attachments 4 <br />through 6 of this agenda abstract. Some of the ordinances do not involve new funding <br />appropriations but merely extend the project timelines through a future date. There are other <br />projects that will receive new funding in fiscal year 2007-08. <br />At this time, Orange County Schools has allocated only a portion of their total pay-as-you-go <br />funding. The District's pay-as-you-go funding for fiscal year 2007-08 totals $1,547,986. To <br />date, the District has allocated a total of $1,050,000 leaving a balance of $497,986 unallocated. <br />The Board of Education meets later in July to decide on final allocations of the unallocated <br />monies. Once that has happened, County staff will bring those related capital project <br />ordinances to Commissioners for their approval in August 2007. <br />Education Lottery Proceeds <br />At the June 21, 2007 work session, Commissioners approved an amendment to the County <br />Capital Funding Policy. Per the current policy, as approved by the Board on April 24, 2007, <br />beginning in fiscal year 2007-08, the County will budget NC Education Lottery proceeds "in <br />arrears" — meaning that funds will be budgeted in the year after the State distributes them. For <br />example, lottery proceeds distributed to the County during the upcoming 2007-08 fiscal year <br />would be budgeted the following fiscal year, 2008-09. <br />During the June 21 work session, the Board approved a motion to budget 50 percent of the <br />anticipated Lottery proceeds in fiscal year 2007-08 for each district to use towards capital needs <br />and budget the remaining 50 percent "in arrears". Since neither district has had an opportunity <br />to decide how they would allocate their share of the 50 percent, staff recommends that the <br />approval of those capital project ordinances come at a future Commissioners meeting. <br />County Grant Project Ordinances <br />The County's grant project ordinances, both those receiving new funding for FY 2007-08 and <br />those which are merely having their project timelines extended,, are provided in Attachment 7 of <br />this agenda abstract. <br />