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Attachmnt G <br /> OPC-MHC Fund Balance <br /> How the purchase of the modular building for the Northside campus <br /> and the completion of the renovation of the downstairs of Northside. <br /> building depletes OPC Fund Balance as of May 1993: <br /> Current Fund Balance $1 ,118 ,000 . <br /> Reserved by State Statute 450 ,000 . <br /> Reserved for Willie M program 150 ,000 . <br /> Total NOT AVAILABLE 600 ,000 . <br /> Balance 518 ,000 . <br /> Board Adopted Policy requires <br /> 5% of OPC Budget be maintained <br /> in reserve and NOT appropriated. <br /> Current budget is $13 ,000 ,000 . <br /> 5% of 13 million is $650 ,000 . <br /> $518,000 . of 13 million is 4%. <br /> Modular Building Purchase 55,000 . <br /> Renovation of Northside downstairs 100 ,000 . <br /> New fund balance after above <br /> expenses (3% of budget) $363,000 . <br /> • <br /> 12 <br />