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O S <br /> h ar <br /> a Ii?range (Iounfg Schools <br /> o1s <br /> 200 EAST KING STREET <br /> orKtCE or THE 54 PE RIryTENdENT HILLSBOROUGH,NORTH CAROLINA 27278 <br /> (919) 732-8126 <br /> M E M O <br /> TO: Gordon Baker, Finance Director <br /> Orange CountyWl �I/�A�,�, ) <br /> FROM: Wayne Watts,' Director of Business Affair <br /> Orange County Schools Affairs <br /> DATE: May 14, 1987 <br /> SUBJECT: Budget Information FY 1987-88 <br /> same subject dated March 31, 1987 County Manager's Memo <br /> I am providing the enclosed information in response to the Manager's request. <br /> I would caution that in order for you to understand our budget request you <br /> will need to refer to our formal board approved request which was hand <br /> delivered to your offices yesterday. <br /> The following numbered responses are keyed to the manager's request: <br /> 1. Monthly line item detail statements will continue to be forwarded <br /> monthly through the end of the year. <br /> 2. Final State Allotment 1986-87 - see attachment #1 (4 a <br /> most recent state allotment. Most 1ke <br /> il 1 p final <br /> for our <br /> allotment. We could receive others right up�totheo u <br /> endofJune. <br /> The Tentative Allotment for 1987-88 - see attachment #2 (3 pages). <br /> 3. Fund balance appropriated will be $40,000 for the Current Expense <br /> Fund and $15,000 for the Capital Outlay Fund. These amounts are <br /> subject to change if necessary after we receive our audit report <br /> next fall. The amount appropriated to the Capital Outlay Fund may <br /> increase if several projects in the planning stage are not finalized <br /> by June 30. Our estimated fund balances available but not appropri- <br /> ated will be approximately $25,000 for Current Expense and $10,000 <br /> for Capital Outlay. <br /> 4. Rate of employee benefits: <br /> Social Security Matching - July/Dec. 1987 . 7. 15% <br /> Retirement Matching Jan./June 1988 . 7.51% <br /> Health Insurance 11 2� <br /> Number of full time p oyees annually (up 25%) <br /> (2 pages). This figure mofe107edoes not include-anEe attachment n 3 <br /> any positions funded <br /> 217-71 <br />