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2 <br /> b. 20th Day Student Membership for 2003-04 <br /> The accompanying tables reflect the number of students attending school in each school in <br /> both school systems on the respective 20th day of classes for the 2004-05 academic year. <br /> Other tables provide a historical comparison between annual State Department of Public <br /> Instruction student projections (these are provided each March and statutorily become the basis <br /> for County current expense appropriations to schools) and actual student membership for both <br /> school systems. <br /> Attachment 2b— I OCS Student Membership Tables <br /> Attachment 2b — 2 CHCCS Student Membership Tables <br /> Attachment 2b - 3 Table: OCS Comparison of DPI March Planning ADM and Actual <br /> Membership <br /> Attachment 2b - 4 Table: CHCCS Comparison of DPI March Planning ADM and Actual <br /> Membership <br /> c. Update on Economic Development Advances <br /> Questions were raised at a recent school collaboration meeting about what economic <br /> development activities were being pursued in Orange County. The accompanying report from <br /> Orange County Economic Development Director Dianne Reid discusses progress that is being <br /> made across the spectrum of economic development. <br /> Attachment 2c 9/22/04 Report on Orange County Economic Development <br /> d. School Fund Balance Policy <br /> During the past budget cycle, the subject of school fund balance was discussed on a number of <br /> occasions. Orange County and the two school systems have been working with a policy <br /> developed in 1986 that calls for OCS to maintain a fund balance of 21% of prior year <br /> expenditures and for CHCCS to maintain a fund balance of 5.5% of prior year expenditures. As <br /> suggested by the governing boards, County and schools Finance Directors have discussed <br /> whether these fund balance targets and other aspects of the fund balance policy are in need of <br /> revision. The accompanying memo from County Finance Director Ken Chavious outlines some <br /> recommendations and additional points that should be considered in developing an updated <br /> school fund balance policy. <br /> Attachment 2d 9/24/04 Finance Director Memo re: School Fund Balance Policy <br /> e. 2004-14 School CIPs and Orange County Debt Issuance Schedule <br /> Concerns have been raised recently regarding the likelihood that the current project budgets for <br /> OCS Middle School #3 and CHCCS High School #3 will be adequate to build the schools to <br /> their currently proposed designs. The accompanying tables are provided for reference to reflect <br /> how pay-as-you-go, general obligation bonds, and alternative financing are presently earmarked <br /> for specific OCS and CHCCS capital projects for the 2004-14 ten-year Capital Investment Plan <br /> period, <br />