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10 <br />A4+ach mev4 Z <br />0411912007 <br />Examples of Potential Budget Drivers <br />Fiscal Year 2007 -08 <br />The following list offers examples of school and County operational and capital expenditure items that <br />are likely to constitute significant General Fund budget drivers for fiscal years 2007 -08. Since the <br />2007 -08 fiscal year budget is being developed, this list is not considered a complete or final list of <br />Board budgetary considerations. <br />One Cent on Tax Rate Expected to Generate $1,247,881 <br />1 of 2 <br />Dollar Impact <br />Tax Rate <br />Budget Driver <br />Explanation /Comment <br />(in millions of <br />Equivalent <br />dollars <br />Debt Service <br />Repayment of School and County related debt issued in previous <br />$4,578,749 <br />3.67 <br />years and planned for issuance in the upcoming two fiscal years <br />Gateway Center Lease <br />Covers eight month period from November 2007 through June <br />$376,960 <br />0.30 <br />2008 at a monthly lease amount of $47,120 <br />Orange County Campus of <br />Durham Technical Community <br />Covers four -month period from March through June 2008 <br />$188,398 <br />0.15 <br />College <br />Staffing and operations for a partial year; start -up capital costs <br />West 10 Soccer Complex <br />included in the capital project and not requested in General Fund <br />$149,038 <br />0.12 <br />request; anticipated opening Fall 2008, with field maintenance <br />starting August 2007 <br />Northern Park <br />Staffing, operations and start -up capital costs for partial year; <br />$161,580 <br />0.13 <br />anticipated park opening Spring /Fall 2009 <br />Workers Compensation Insurance <br />Projected increase in premiums <br />$163,982 <br />0.13 <br />Increase contingent on State maintaining the current cap (at the fy <br />2005 -06 expenditure level); department is continually analyzing <br />Cost projections being <br />Medicaid <br />current expenditure rates; if the cap is not continued and <br />developed <br />expenditure rates continue at recent levels, County would face <br />increase in excess of $500,000 next year <br />March 2007 NCDPI projections estimate 181 new students for <br />CHCCS; current per pupil funding in General Fund totals $2,957 <br />(see Attachment 2 of this agenda abstract). The amount reflected <br />here is based on the CHCCS Superintendent's Budget; it is not <br />CHCCS Funding Request <br />intented to be the District's final request for funding for fiscal year <br />$609,142 <br />0.49 <br />Increase <br />2007 -08 as the CHCCS Board of Education is currently developing <br />their final budget. In addition, CHCCS has requested an <br />additional increase in the district tax that would generate <br />$21,351,485 or the equivalent of 26.61 cents on the CHCCS <br />district tax rate (an increase of 7.76 cents) <br />March 2007 NCDPI projections estimate 157 new students for <br />OCS; current per pupil funding in General Fund totals $2,957 (see <br />Attachment 2 of this agenda abstract); this amount reflects <br />OCS Funding Request Increase <br />information related to the Superintendent's Recommended Budget <br />$3,026,560 <br />2.43 <br />(2) <br />as contained in the February 2007 OCS Board of Education <br />Meeting Minutes. The amount is not intended to be the District's <br />final request for funding for fiscal year 2007 -08 as the OCS Board <br />of Education is currently developing their final budget. <br />Pay and Benefits Package for <br />Cost projections being <br />County Employees <br />developed <br />1 of 2 <br />