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ORANGE COUNTY COLOESSIONERS <br />106 EAST MARGARt P AISM <br />H1I..LS330RO"qGH, 19�• C. <br />27278• <br />MaMSCAIMi <br />-33EN LWYD <br />senuzy a Llnmver.t. <br />NORMAN WALKER. <br />Dw WUMMOrr <br />April 10y. 1:986 <br />Mrs. Sue Baker, Chair I d*of Education <br />Chapel Hill-C.arrboro B oar <br />622 Wells Court <br />Chapel Hill, North Carolina 27514 <br />Dear Mrs. Baker: <br />It was s-suggested during thel deliberations. <br />budget Board of <br />that the *Board of County' Commissioners.. and the <br />Education 'for each school system agree on a. policy. regarding <br />the fund balance of the Local Current Expense Fund. <br />As a result, the Orange,.County Board.of Commissioners <br />I <br />agreed on a policy at the February 18, 1986 meeting. The <br />r <br />- <br />policy agreed upon concerns the amount of. _,fund balance <br />available 'brit unappropriated the Local...*-Current Expense <br />Fund. 61 <br />_: ha p Hill- <br />.y <br />key po ic ' N <br />s y <br />Ca •o Schoqlt--� ptdm:ttarq..-,,g4 <br />-_'&,j.-,.AV#ilable but <br />1. lant <br />The 4%maxiid Aj�j6 ja_ ij..6,f fund: <br />unappVPpr--,1._., -h'&,".bec_riPfting** P `fiscal year <br />I <br />V <br />amont7,5 <br />budgeted <br />wi gru <br />j the Local <br />e dn t Q <br />a cil -YGat <br />2. Any fund ba7.ance� available in excess of the amount <br />determined above will be appropriated. <br />3. There is a distinction between fund balance <br />available but unappropriated and a contingehcy <br />appropriation. The available but unappropriated <br />fund balance will not be appropriated witho-Lit the <br />prior approval of.the Board of•Countv Commissioners <br />An as much as such an appropriation will entail 'a <br />higher based budget level in the following year <br />which the County will have to support. <br />4.- Realizing that the School system was short of the <br />amount of fund balance available but unappropriated <br />at the beginning . of the 1985-86 'fiscal year that <br />this policy 0 alls for, this amount will be raised <br />