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SCHOOL CAPITAL RESERVE FUND
<br /> = i! LONG RANGE PLAN AND BUDGET
<br /> - n i
<br /> V 1 1985-86 1986-87 1987-88 1988-89
<br /> Estimate Estimate Estimate Estimate
<br /> REVENUES
<br /> Beginning Balance $ 755,805 $ 385,823 $ 144,275 $ 263,595
<br /> Transfer from General
<br /> Fund (80% of 1/2t
<br /> Sales Tax) 1,100,000 1,360,000 1,500,000 1,700,000
<br /> Property Tax (21/2c per $100) 550,000 0 0 0
<br /> Property Tax (3c per $100) 0 693,000 0 0
<br /> Transfer From Orange County
<br /> Schools Current Capital 0 20,000 0 0
<br /> Investment Earnings 18,000 8,000 13,500 33,000
<br /> Total Revenues $2,423,805 $2,466,823 $1,657,775 $1,996,595
<br /> APPROPRIATIONS
<br /> Orange County Schools:
<br /> Roofs $ 432,400 $ 0 $ 0 $ 0
<br /> H.S. Expansion 650,000 1,350,000 0 0
<br /> Subtotal $1,082,400 $1,350,000 $ 0 $ 0
<br /> Undesignated:
<br /> Roofs $ 0 $ 126,000 $ 250,000 $ 0
<br /> Chapel Hill/Carrboro Schools:
<br /> Roofs $ 341,130 $ 0 $ 0 $ 0
<br /> CHHS Science Lab (1) 80,000 0 0 0
<br /> Glenwood/Estes Hills
<br /> Multipurpose Space 486,000 330,000 0 0
<br /> CHHS Cafeteria Expansion/
<br /> Renovation 0 250,000 0 0
<br /> CHHS Media Center
<br /> Renovation 0 0 235,000 0
<br /> Carrboro/Estes Hills/
<br /> Glenwood Media
<br /> Center Expansion 0 0 225,000 0
<br /> Kitchen Renovations 0 0 225,000 0
<br /> Phillips Air Conditioning 0 202,808 295,492 0
<br /> FPG Air Conditioning 0 112,192 163,688 0
<br /> CH Schematics (1) 48,452 (48,452) 0 0
<br /> Subtotal $ 955,582 $ 846,548 $1,144,180 $ 0
<br /> Total Appropriations $2,037,982 $2,322,548 $1,394,180 $ 0
<br /> BALANCE $ 385,823 $ 144,275 $ 263,595 $1,996,595
<br /> (1) : These items were originally scheduled for 1984-85. However, the school
<br /> system did not request these funds during 1984-85. Therefore, they have
<br /> been moved to 1985-86.
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