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AGENDA ITEM # 2
<br />ATTACHMENT B
<br />Chapel Hill- Carrboro City Board of Education
<br />Governmental Funds
<br />Changes in Fund Balances
<br />Last Ten Fiscal Years
<br />Year Ended June 30
<br />2008
<br />2009
<br />2010
<br />2011
<br />2012
<br />Revenues
<br />State of North Carolina
<br />$
<br />59,630,771
<br />$ 60,922,569
<br />$ 55,475,547
<br />$ 55,543,828
<br />$
<br />58,808,280
<br />Orange County
<br />60,497,786
<br />47,036,977
<br />42,643,077
<br />45,703,931
<br />46,915,324
<br />U.S. Government
<br />5,293,013
<br />5,726,314
<br />9,864,399
<br />11,791,692
<br />5,570,774
<br />Other
<br />21,863,500
<br />23,959,296
<br />23,474,646
<br />24,551,625
<br />24,885,251
<br />Total revenues
<br />147,285,070
<br />137,645,156
<br />131,457,669
<br />137,591,076
<br />136,179,629
<br />Expenditures
<br />Instructional services
<br />101,462,067
<br />106,935,971
<br />102,689,608
<br />103,771,701
<br />105,498,842
<br />System -wide support services
<br />18,627,203
<br />19,848,927
<br />19,658,874
<br />20,087,800
<br />20,327,573
<br />Ancillary services
<br />50,456
<br />46,025
<br />34,044
<br />237,408
<br />136,883
<br />Non - programmed charges
<br />591,395
<br />579,216
<br />753,318
<br />762,551
<br />638,776
<br />Debt service - principal
<br />463,568
<br />629,600
<br />480,592
<br />700,922
<br />98,292
<br />Debtservice - interest
<br />52,378
<br />44,450
<br />31,171
<br />16,154
<br />675
<br />Capital outlay
<br />26,649,049
<br />9,150,703
<br />5,118,725
<br />8,071,720
<br />10,097,491
<br />Total expenditures
<br />147,896,116
<br />137,234,892
<br />128,766,332
<br />133,648,256
<br />136,798,532
<br />Revenues over (under) expenditures
<br />(611,046)
<br />410,264
<br />2,691,337
<br />3,942,820
<br />(618,903)
<br />Other financing sources (uses)
<br />Transfers from other funds
<br />-
<br />-
<br />182,811
<br />896,939
<br />Transfers to other funds
<br />(386,177)
<br />(398,639)
<br />(577,192)
<br />-
<br />(1,004,309)
<br />Installment purchase obligations
<br />209,328
<br />367,981
<br />-
<br />176,849
<br />(10,658)
<br />577,192
<br />182,811
<br />(107,370)
<br />Net change in fund balances
<br />$
<br />87,895
<br />$ 399,606
<br />$ 2,114,145
<br />$ 4,125,631
<br />$
<br />(726,273)
<br />Ratio of debt service to non-capital
<br />expenditures
<br />0.43%
<br />0.53%
<br />0.42%
<br />0.57%
<br />0.08%
<br />Year Ended June 30
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017
<br />Revenues
<br />State of North Carolina
<br />$
<br />58,911,178
<br />$ 58,878,531
<br />$ 61,999,596
<br />$ 62,738,821
<br />$
<br />64,424,499
<br />Orange County
<br />63,241,889
<br />51,422,939
<br />53,064,569
<br />52,627,490
<br />56,147,185
<br />U.S. Government
<br />5,501,707
<br />5,178,736
<br />6,282,796
<br />5,531,791
<br />5,525,504
<br />Other
<br />25,157,529
<br />27,375,623
<br />27,977,875
<br />28,264,396
<br />28,133,506
<br />Total revenues
<br />152,812,303
<br />142,855,829
<br />149,324,836
<br />149,162,498
<br />154,231,694
<br />Expenditures
<br />Instructional services
<br />108,523,623
<br />108,971,020
<br />113,420,291
<br />115,549,913
<br />121,387,316
<br />System -wide support services
<br />22,260,008
<br />22,987,200
<br />23,595,307
<br />24,343,796
<br />24,189,919
<br />Ancillary services
<br />106,706
<br />90,470
<br />63,164
<br />63,669
<br />64,112
<br />Non - programmed charges
<br />636,315
<br />793,774
<br />1,006,307
<br />840,540
<br />789,838
<br />Debt service - principal
<br />435,540
<br />322,084
<br />370,899
<br />503,084
<br />429,538
<br />Debt service - interest
<br />20,142
<br />32,455
<br />24,695
<br />16,704
<br />8,476
<br />Capital outlay
<br />26,258,936
<br />10,409,996
<br />8,116,798
<br />6,117,029
<br />8,297,696
<br />Total expenditures
<br />158,241,270
<br />143,606,999
<br />146,597,461
<br />147,434,735
<br />155,166,995
<br />Revenues over (under) expenditures
<br />(5,428,967)
<br />(751,170)
<br />2,727,375
<br />1,727,763
<br />(935,301)
<br />Other financing sources (uses)
<br />Transfers from other funds
<br />850,425
<br />293,373
<br />341,610
<br />1,154,000
<br />1,283,632
<br />Transfers to other funds
<br />(880,273)
<br />(302,039)
<br />(377,544)
<br />(1,157,478)
<br />(1,280,625)
<br />Installment purchase obligations issued
<br />1,608,547
<br />-
<br />82,110
<br />498,898
<br />Total other financing sources (uses)
<br />1,578,699
<br />(8,666 )
<br />46,176
<br />495,420
<br />3,007
<br />Net change in fund balances
<br />$
<br />(3,850,268)
<br />$ 759,836
<br />$ 2,773,551
<br />$ 2,223,183
<br />$
<br />932,294
<br />Ratio of debt service to non - capital
<br />expenditures
<br />0.35%
<br />0.26%
<br />0.28%
<br />0.36%
<br />0.30%
<br />Source: Chapel Hill- Carrboro City Board of Education, North Carolina, Annual Financial Reports.
<br />4 -5
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