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<br />14
<br />County Ad Valorem Tax Increase
<br />$5,255,027/$1,069,015 = 4.91 cents
<br />$438 per pupil increase
<br />Local Fund Balance Projection
<br />• Assign $1,000,000 in Fund Balance for 2018 -2019
<br />• Estimated year -end unassigned fund balance for June 30, 2018 is $6.9 million or 9%
<br />• The projected 5.5% target is $4 million
<br />• $2.9 million above the target
<br />Key Dates on the Budget Development Calendar
<br />• March 1 Superintendent presents recommended budget
<br />• March 15 Budget work session and public hearing
<br />• April 5 Board approves budget to be submitted to the County
<br />• April 24 Joint meeting of school board's for budget presentations to County
<br />The Main Priority is the students
<br />Chair Dorosin referred to a spreadsheet in the Commissioners' packet, specifically page
<br />three, and asked if this could be reviewed.
<br />Todd LoFrese reviewed the following information:
<br />CHAPEL HILL CARRBORO CITY SCHOOLS
<br />BUDGET UPDATE
<br />2018 -19 SCHOOL YEAR
<br />PROJECTED ENROLLMENT
<br />CHARTER SCHOOL Funded
<br />Less: Out -of- District Estimate
<br />TOTAL STUDENT BILLING BASE
<br />Revenue at FY 2018 per pupil ($3,991)
<br />County Appropriation
<br />Special District Tax
<br />Prior Year District Tax
<br />Tuition
<br />Fines & Forfeitures
<br />Interest Earnings on Investments
<br />Other Local Revenues
<br />Total Local Revenue
<br />FY18
<br />FY19
<br />DIFFERENCE
<br />12,239
<br />12,348
<br />109
<br />162
<br />162
<br />-
<br />(241)
<br />(242)
<br />(1)
<br />12,160
<br />12,268
<br />108
<br />$ 48,530,521 $ 48,961,588 $ 431,067
<br />$ 48,530,521 $ 48,961,588 $ 431,067
<br />23,092,849
<br />23,439,242
<br />346,393
<br />125,000
<br />125,000
<br />-
<br />670,000
<br />670,000
<br />-
<br />330,000
<br />330,000
<br />-
<br />25,000
<br />50,000
<br />25,000
<br />2,600,000
<br />2,750,000
<br />150,000
<br />$ 75,373,370
<br />$ 76,325,830
<br />952,460
<br />
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