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8 <br /> formula for recurring capital could be amended, even if it is just for one year. He suggested that <br /> the school board think about this. <br /> Lisa Stuckey said that CHCCS does not want to go down that road now and Steve <br /> Halkiotis said that the OCS Board would discuss this at its next meeting. <br /> 2. Chapel Hill Carrboro City Schools <br /> a. Presentation of FY 2009-10 Board of Education Approved Budget <br /> b. Presentation of Prioritized FY 2009-10 Capital Investment Budget <br /> Budget Presentation to the Orange County Board of Commissioners <br /> Chapel Hill-Carrboro City Schools <br /> April 28, 2009 <br /> Lisa Stuckey, Chair, Board of Education <br /> Neil Pedersen, Superintendent <br /> Overview of Presentation <br /> •2009-10 Operating Budget Request <br /> *Implications of the Senate Budget <br /> *Plans for Additional Budget Reductions <br /> *Federal Stimulus and Stabilization Funds <br /> •2009-19 Capital Investment Plan <br /> •Prioritization of 2009-10 Projects in CIP <br /> *State Freeze on New Expenditures <br /> Guiding Principles <br /> •Base decisions on our strategic plan <br /> •Increase cost-effectiveness <br /> •Retain resources directly associated with quality of education <br /> •Transparency and open communication <br /> •Eliminate ineffective programs <br /> •Provide safety net for parents <br /> 2009-10 Operating Budget Request <br /> •Budget is based on 21 more in-district students <br /> •Net increase in local revenues is $83,517 (based on 1% increase in district tax base) <br /> •Net increase in expenses is $801,797 <br /> •Shortfall is $718,280 <br /> •Only increased costs are for: <br /> -Health Insurance ($235,538) <br /> -Retirement ($98,400) <br /> -Child Nutrition Services ($140,350) <br /> -Step Increases for local teachers and principals ($406,970) <br />