Minutes 05-25-2017 - Laserfiche WebLink

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11 Per Pupil Comparison - graph Recommended School Funding • FY2017-18 Capital Investment Plan — page 111 CIP • Lottery Proceeds $1,356,362 • Article 46 Sales Tax $1,755,746 • Older School Improvements $1,000,000 • Long Range Capital $3,856,336 • Total $7,968,444 — Long Range Capital moved to CIP in FY2017-18 • Capital funds distributed by Average Daily Membership (ADM) • Proposed amendments for Undesignated Fund Balance Policy Change — $1,300,000 for school capital improvements — $250,000 for County operating capital — $514,000 for Board amendments Commissioner Rich asked if the long-range capital of$3.8 million could be clarified. Bonnie Hammersley said those were the pay-as-you-go funds, and for the next two years the County will be doing two-thirds GO bonds. She said the Davenport and Company analysis recommended a financing payment, instead of cash from the operating budget. She said this should be seamless to the schools, but is a method change in how the County pays for these expenditures. Commissioner Jacobs said the Board will do the best it can with funding the schools. He said Orange County's actual effort in funding schools is number one in the State, as far as counties go. He said Orange County has a thirty-year history of per pupil increases, with 2015 being the largest increase, and 2017 was the fifth largest increase. Commissioner Jacobs said Orange County has been trying to shoulder the burden for schools as much as it can, and will continue to do so to the best of its ability. He said next year the County will need to start funding school bonds, which will make for an interesting decision process. Commissioner Marcoplos asked if the undesignated fund balance can only go toward one-time expenditures. Bonnie Hammersley said yes, that is a best practice. Commissioner Marcoplos asked if there is any way that some of this money could be used for continuation budgets. Bonnie Hammersley said if there are one time costs within the continuation budget, the funds could be used. She said it is a challenge for the County and the schools to find one-time expenses. Chair Dorosin said the recent change in the County's fund balance policy would provide additional funds to the schools' capital improvements, in the amount of$1.3 million. Commissioner Marcoplos asked if the $1.3 million will be part of this year's school budget, or added to bond funds. Bonnie Hammersley said there are eligible uses for these funds, such as: facility improvements, buses, furniture, etc. She said the County will follow the same process as last year regarding amendments. She said if the Board wants to make changes, it can do so.