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11 <br /> •Reduction in local supplements for all staff by 1% <br /> •1% Reduction of salary across the board <br /> •Reduction in contract length of some administrators <br /> •Furloughs for some administrators and some classified personnel <br /> •Local cost for longevity payments would decrease if state places moratorium on longevity <br /> payments <br /> Five Reduction Scenarios <br /> •Reductions range from $2.5 million to $4.5 million (legal-sized paper) <br /> Federal Funds <br /> •Stimulus Funds <br /> -District's Title I funds increase by $623,000 <br /> -District's IDEA funds increase by $2.2 million <br /> -Categorical funds for specific purposes <br /> -One-time funding intended to improve education and create jobs <br /> -May be able to replace some positions lost to budget cuts that would have been eligible <br /> for funding under Title I or IDEA <br /> •Stabilization Funds <br /> -Currently, unclear if districts will see these funds or if they will be kept in Raleigh to <br /> reduce magnitude of budget cuts. 82% must go to education. <br /> Capital Investment Plan <br /> •$2,664,709 in Pay As You Go Funding <br /> •The status of lottery funds is uncertain at this time ($1,365,000) <br /> •Roofing bids came in 30% below estimates; therefore, able to do more projects <br /> •Board has reprioritized projects that can be funded through Pay As You Go. <br /> Major Prioritized PAYG Projects <br /> •Asbestos removal at Phillips and FPG <br /> •Roof replacements: Lincoln, Seawell, Carrboro Elementary <br /> •Window replacement at Lincoln <br /> •HVAC units at Phillips <br /> •IAQ - carpet replacement <br /> •Access controls <br /> •Technology (including IP telephony) <br /> IP Telephony Lease Purchase <br /> *Replace phones in 12 locations to provide consistent phone service across the district to <br /> protect the safety of staff and students <br /> •Savings of$85,430 over incremental purchases <br /> *Annual operational savings of$59,836 <br /> *Sales tax reimbursement is $20,289 <br />