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Funds Appropriated to Date (including interest earnings): $3,434,841 <br />Expenditures to Date from this Source-,fs",. <br />I For many projects, multiple funding sources used. This figure represents the amount from this funding source only. <br />None <br />Available Unencumbered Funds: $391,292 <br />FY 99-00 <br />FY 01-02 <br />FY 01-02 <br />Projected Future Expenditures <br />The School/Park Reserve Fund is designed to provide funds for acquisition of lands for <br />schools and park sites, particularly where potential co-location or proximity location <br />exists. From 1995-96 through 1999 one cent on the County's tax rate was earmarked for <br />the fund. In 2000, as a result of a board policy, the amount was changed 1/3-cent. In'2003 <br />and 2004, no appropriation was made. The School/Park Reserve Fund Policy in 2000 <br />identified the methods of using these funds, and noted that an immediate school/park <br />nexus need not be apparent at the time of expenditure. <br />Projected future uses of this fund may include other potential co-located or proximity- <br />located schools and park sites. <br />I <br />