Orange County NC Website
Browse       Search
3 <br /> 1 • Funded by Article 46 Sales Tax (economic development funds) <br /> 2 <br /> 3 Commissioner Dorosin asked if the scholarships are need-based. <br /> 4 Dr. Ingram said no, as sometimes it is difficult for a student to document need. He said <br /> 5 scholarships are made available to any senior that graduates, and wants to go to Durham Tech. <br /> 6 He said about 60% of the recipients do have financial need. <br /> 7 Commissioner Dorosin asked if the process for handing out the 50 scholarships could <br /> 8 be explained. <br /> 9 Dr. Ingram said the hope is to have adequate funds to provide scholarships to any <br /> 10 senior that applies, which may necessitate a budget amendment. He said this amount would <br /> 11 cover tuition and fees for one semester for a full time, in-state student. <br /> 12 Commissioner Jacobs said he found it interesting that Durham County has a similar <br /> 13 program, using a sales tax to fund scholarships. <br /> 14 Travis Myren noted that any Article 46 funds used would be from the economic <br /> 15 development portion, and not the educational portion, of the funds. <br /> 16 Travis Myren reviewed the following PowerPoint slides: <br /> 17 <br /> 18 School Funding <br /> 19 0 Projected Enrollment - p.147 <br /> 20 • Influence on current expense and capital funding allocations <br /> 21 • Chapel Hill-Carrboro City Schools projected decrease in budgeted enrollment by <br /> 22 246 <br /> 23 • Orange County Schools (OCS) projected budgeted enrollment increased by 165 <br /> 24 • Proportion changes by 0.98% accordingly <br /> 25 <br /> 26 0 Manager's Recommended Budget— p. 147 & 148 <br /> 27 • Health and Safety Contracts (Nurses/SROs)— $1.4 million <br /> 28 o Full reimbursement program based on actual costs incurred <br /> 29 o Not calculated in current expense <br /> 30 • Fully fund Charter students (205) - $763,000 <br /> 31 o Not calculated in current expense <br /> 32 • Mandated Retirement and Health Ins. —Add 485,000 <br /> 33 o Included in current expense <br /> 34 <br /> 35 School Funding <br /> 36 0 Total Appropriations - $99,848,327 <br /> 37 • Current expense - $74,287,398 <br /> 38 • Recurring Capital - $3,000,000 <br /> 39 • Long Range Capital - $3,799,346 (pay-as-you-go in CIP) <br /> 40 • Debt Service - $15,372,383 <br /> 41 • Other School Related Programs - $3,389,200 <br /> 42 0 49.4% of General Fund Revenues recommended <br /> 43 0 48.1% current funding target <br /> 44 <br /> 45 2015 County Appropriation Comparison - chart <br /> 46 <br /> 47 Spending by Funding Source - chart <br /> 48 <br /> 49 County Per Pupil Appropriation History - chart <br />