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AGENDA ITEM # 2
<br />ATTACHMENT B
<br />CHAPEL HILL - CARRBORO CITY SCHOOLS
<br />2015 -2019 Local Fund Revenue Projections
<br />Requires a $253 Per Pupil Increase
<br />Projected Student Enrollment
<br />2016 -17
<br />2016 -17
<br />2017 -18
<br />2017 -18
<br />2018 -19
<br />2018 -19
<br />BUDGET
<br />ACTUAL
<br />BUDGET
<br />ESTIMATE
<br />SUPT RECOM
<br />BOARD REQ
<br />State projection of Students
<br />12,017
<br />12,130
<br />12,239
<br />12,239
<br />12,348
<br />12,474
<br />Less: Out -of- County Tuition Paid
<br />(241)
<br />(241)
<br />(241)
<br />(241)
<br />(242)
<br />(242)
<br />Existing Charter School students
<br />217
<br />217 1
<br />162
<br />162
<br />162
<br />162
<br />Total County Resident Students
<br />11,993
<br />12,106
<br />12,ifi0
<br />12,160
<br />12,268
<br />1 12,394
<br />County Appropriation
<br />3,868
<br />1 3,868
<br />1 3,991
<br />1 3,991
<br />1 4,287
<br />4,244
<br />Special District Tax
<br />$ 1,870
<br />1 $ 1,876
<br />1 $ 1,899
<br />1 $ 1,899
<br />1 $ 1,911
<br />$ 1,891
<br />LOCAL REVENUES
<br />2016 -17
<br />2016 -17
<br />2017 -18
<br />2017 -18
<br />2018 -19
<br />2018 -19
<br />BUDGET
<br />ACTUAL
<br />BUDGET
<br />ESTIMATE
<br />SUPT RECOM
<br />BOARD REQ
<br />County Appropriation
<br />46,388,977
<br />46,388,977
<br />48,530,521
<br />48,530,521
<br />52,592,916
<br />52,600,136
<br />Special District Tax
<br />22,425,758
<br />22,705,755
<br />23,092,849
<br />23,092,849
<br />23,439,242
<br />23,439,242
<br />Prior Year Special District Tax
<br />250,000
<br />96,697
<br />125,000
<br />125,000
<br />125,000
<br />125,000
<br />Health and Safety Funding
<br />1,920,000
<br />1,970,144
<br />1,920,000
<br />1,920,000
<br />1,920,000
<br />1,920,000
<br />Sales Tax Revenue
<br />75,000
<br />110,011
<br />75,000
<br />75,000
<br />75,000
<br />75,000
<br />Tuition - Regular School
<br />170,000
<br />197,249
<br />170,000
<br />170,000
<br />170,000
<br />170,000
<br />Tuition - Preschool
<br />440,000
<br />591,784
<br />500,000
<br />500,000
<br />500,000
<br />500,000
<br />Fines & Forfeitures
<br />330,000
<br />389,666
<br />330,000
<br />330,000
<br />330,000
<br />330,000
<br />ABC Revenue
<br />40,000
<br />45,000
<br />45,000
<br />45,000
<br />45,000
<br />45,000
<br />Interest Earned on Investments
<br />25,000
<br />59,843
<br />25,000
<br />25,000
<br />50,000
<br />50,000
<br />Medicaid Reimbursements
<br />300,000
<br />569,931
<br />300,000
<br />300,000
<br />450,000
<br />450,000
<br />Miscellaneous Revenue
<br />150,000
<br />282,953
<br />150,000
<br />150,000
<br />158,348
<br />151,128
<br />Disp. of Fixed Asset
<br />4,467
<br />Insurance Settlement
<br />Indirect Cost
<br />110,000
<br />107,266
<br />110,000
<br />110,000
<br />110,000
<br />110,000
<br />Trf. from other Fund Codes
<br />250,000
<br />Appropriated Fund Balance
<br />2,148,000
<br />2,448,000
<br />1,000,000 1
<br />1,000,000
<br />1,000,000
<br />1,000,000
<br />TOTAL LOCAL REVENUES
<br />$ 74,772,735
<br />$ 76,217,743
<br />$ 76,373,370 1
<br />$ 76,373,370
<br />$ 80,965,506
<br />$ 80,965,506
<br />Budget Increase $ 4,592,136
<br />Budget Assumptions
<br />1. Appropriation is based on district's projected student enrollment of 234 new students.
<br />2. Appropriation is based on district's projected student enrollment for 18 -19. Projections assume the County will fund growth.
<br />3. The county ad valorem tax one cent valuation amount is $1,781,692. The special district tax rate will remain at $20.08.
<br />4. Charter student funding will remain at 162 students.
<br />5. Carol Woods contribution of $30,000 will be continued. It is reflected in the miscellaneous revenue budget.
<br />6. The Board will appropriate $1,000,000 to balance the 2018 -19 budget.
<br />7. Alcohol and Beverage Commission grant in the amount of $45,000 is expected in 2018 -19.
<br />2 -2
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