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22 <br /> 1 <br /> 2 EVALUATION <br /> 3 For this reason, we have a partnership with UNC to evaluate the specific programming <br /> 4 that FSA launches and to collect some neighborhood level data. Right now, this support is <br /> 5 provided in-kind from UNC and we hope that between our partnership with the provost's office <br /> 6 and with other funders, like Brady foundation, we will be able to fund this through external <br /> 7 support. <br /> 8 <br /> 9 FUNDING SOURCES <br /> 10 This is the make-up of our current funding sources. For comparison purposes, we have <br /> 11 adjusted it to reflect the actual value of the in-kind evaluation support from UNC and to include <br /> 12 what would have been the full cost of afterschool this year, which enables us to compare this <br /> 13 year to future years. <br /> 14 <br /> 15 TOTAL ESTIMATED BUDGET <br /> 16 We expect to continue to grow to meet the needs of families. What you see here is a <br /> 17 range estimate of what this initiative is likely to cost over the coming 5 years. The range is <br /> 18 driven by the % of families in poverty that the navigators are reaching, which will then have <br /> 19 implications for the number of children we are serving within the pipeline. And just for some <br /> 20 perspective, the typical Promise Neighbohood grant, which is the federal government's <br /> 21 replication of HCZ, is 25 million over five years. <br /> 22 You can see here the total budget for the past two fiscal years, and the county <br /> 23 appropriation, which included $355,000 from the commissioners and $145,000 through the <br /> 24 Health Department's budget. The county funded 38% of this budget. <br /> 25 We expect that the commissioners will continue to want to be involved. As the budget <br /> 26 grows, we will continue to seek external funding to support that growth. If the commissioners <br /> 27 were to maintain their current funding percent, at 38%, then we show an estimate here of what <br /> 28 that would look like over the next five years. <br /> 29 And I expect there would be some stabilization in growth at the five-year mark, because <br /> 30 we would now be at the full cost of serving children throughout elementary school. <br /> 31 <br /> 32 NEXT STEPS <br /> 33 Our next steps as a collaborative is to work with the schools and our other partners to <br /> 34 create a development plan to diversify the collaborative's funding and increase sustainability. <br /> 35 We will also be mapping out the steps for FSA to become a nonprofit in a 5-year timeframe and <br /> 36 will consult with the commissioners about the pros and cons of that strategy. <br /> 37 <br /> 38 Chair McKee thanked Coby Austin for the informative presentation. <br /> 39 <br /> 40 b. FY2016-17 First Quarter Financial Report <br /> 41 The Board received and considered a First Quarter General Fund and Enterprise Funds <br /> 42 summary Financial Report for the period of July 1, 2016 - September 30, 2016. <br /> 43 Gary Donaldson, Chief Financial Officer, made the following PowerPoint presentation: <br /> 44 <br /> 45 DEPARTMENT OF FINANCE AND ADMINISTRATIVE SERVICES <br /> 46 FY2016-17 FIRST QUARTER FINANCIAL REPORT <br /> 47 <br /> 48 Quarterly Financial Report Contents <br /> 49 • General Fund Revenues and Expenditures Analysis by Major Revenue Categories and <br /> 50 each Department by Functional Leadership Team <br />