Agenda - 04-30-2007-1 - Laserfiche WebLink

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to the two school systems might be inadequate to address all CHCCS cash needs {as they are awaiting receipt of their district tax proceeds). Several years ago, County and school system financial staffs conferred to discuss the appropriateness of school fund balance targets. Their observations and recommendations were recorded in a memo from the County Finance Director to the Board of Commissioners, although na formal changes have been implemented related to school fund balance targets. Elected officials may wish to discuss issues related to school local fund balances, and to provide any direction to County and School staffs. Both school systems have provided historical fund balance information that includes current projections of their estimated fund balance position as of the end of FY 2006-07. County staffs preliminary 2006-07 fund balance projections and historical fund balance data for the County's General Fund are provided as well. Attachment D-~ - 9124104 Finance Director Memo to 8000 Attachment D-2 - 2/73/86 County Finance Director Memo to BOCC Attachment D-3 - 4/02/86 BOCC Chair Letter to OCS Board Chair Attachment D-4 - 4/70/86 BOCC Chair Letter to CHCCS Board Chair Attachment D-5 - 4127/07 OCS Superintendent Memo re: Local Fund Balance Attachment D-6 - 4/25/07 CHCCS Superintendent Memo re: Loco! Fund Balance Attachment D-7 -Orange County Historical Fund Balance Data e. Fair FundinglEquity One product of the April 25, 2006 joint work session among the governing boards was a determination that a work group comprised of elected representatives from each of the three jurisdictions should make an effort to develop recommendations relating to "school funding equity" or "fair funding" far consideration by the BOCC during June 2006 budget deliberations. That work group met twice and developed a set of recommendations that were presented to the Board of Commissioners at the budget work session on June 8, 2006. As a starting point for discussion among the elected officials about what additional steps should be pursued vis-a-vis "fair funding" or "school funding equity", the following documents are provided for background: • Facilitator meeting notes from the first Fair Funding Work Group meeting • Specific recommendations developed at the second Fair Funding Work Group meeting • April 2007 draft goal related to "Fair Funding far Schools" (NOTE: this draft version does not reflect modifications discussed by the BOCC at their regular meeting on April 24, 2007} Attachment E-1 - 5!23/06 Fair Funding Work Group Meeting -Facilitator's Notes Attachment E-2 - 6!08/06 Recommendations of the Fair Funding Work Group to the Board of County Commissioners Attachment E-3 - Apri12007 BOCC Draft Goal - "Fair Funding for Schools" 3