|
Appendix B
<br /> Chapel Hill -Carrbobo City Schools-- Local Fund Revenue Projection
<br /> FY 2019-2020
<br /> Actual Actual Budgeted Projected Projected
<br /> FY 2016-2017 FY 2017-2018 FY 2018-2019 FY 2019-2020 Change from
<br /> Current Year
<br /> Student Enrollment
<br /> CHCCS Student ADM per NCDPI 12,130 12,289 12,335 12,355 20
<br /> Charter School Students 179 169 169 179 30
<br /> Less:Out of District-Students (229) (244) (250) (250) 0
<br /> Total Students 12,080 12,214 12,254 12,284 30
<br /> County Appropriation per Pupil 3,868 3,991 4,165 4,650 485
<br /> Special District Tax per Pupil 1,880 1,933 1,913 1,908 (5)
<br /> Total Per-Pupil County Funding 5,748 5,924 6,078 6,558 481
<br /> Local Revenues
<br /> County Appropriation 46,388,977 48,530,520 51,591,855 57,122,727 5,530,872
<br /> Special District Tax 22,705,755 23,607,842 23,439,242 23,439,242 0
<br /> Subtotal County Appropriation 69,094,732 72,138,362 75,031,097 80,561,969 5,530,872
<br /> Other Local Revenues
<br /> Fines&Forfeitures 389,666 350,000 330,000 330,000 0
<br /> Misc Revenues 277,456 213,933 245,000 245,000 0
<br /> Sales Tax Revenue 110,011 95,860 100,000 100,000 0
<br /> ABC Revenue 45,000 45,000 47,000 47,000 0
<br /> Interest Earned 59,843 88,416 50,000 50,000 0
<br /> Indirect Cost 107,265 136,887 110,000 110,000 0
<br /> Subtotal Other Local Revenues 989,241 930,096 882,000 882,000 0
<br /> Specific Local Revenues*1
<br /> Health&Safety Funding 1,970,144 2,011,070 1,920,000 1,920,000 0
<br /> Tuition-Regular School 197,249 204,878 170,000 170,000 0
<br /> Tuition-Preschool 591,784 577,218 550,000 550,000 0
<br /> Medicaid Reimbursements 569,931 641,168 450,000 450,000 0
<br /> Facility Rentals 250,000 200,000 200,000 200,000 0
<br /> Subtotal Specific Local Revenues 3,579,108 3,634,334 3,290,000 3,290,000 0
<br /> Appropriated Fund Balance*2 0 0 1,300,000 1,500,000 200,000
<br /> Prior Year Supplemental Tax Rev 96,697 61,353 125,000 100,000 (25,000)
<br /> Subtotal Other Local Revenues 4,665,046 4,625,783 5,597,000 5,772,000 175,000
<br /> Total Local Revenues 73,759,778 76,764,145 80,628,097 86,333,969 5,705,872
<br /> Local Revenues Less Specific Revenues 70,180,670 73,129,811 77,338,097 83,043,969 5,705,872
<br /> Fund Balance-Unassigned *2 7,180,587 9,236,779 7,936,779 6,436,779 (1,500,000)
<br /> %of Local Revenue 10.2% 12.6% 10.3% 7 8%
<br /> Months Payroll/Operations 1.2 1.5 1.3 1.0
<br /> County Target-5.5% 3,859,937 4,022,140 4,253,595 4,567,418
<br /> *1: Specific local revenues if not being used for general operations and those that are restricted in use should be reflected in Other
<br /> Revenues-Fund 8 and not presented as part of the Fund 2 Local Revenues. We will be adjusting our records for this change in
<br /> subsequent years. We are presenting in the budget document so as to provide the consistency for comparison purposes with what has
<br /> been presented in the past.
<br /> *2: There is some concern that the county fund balance target of 5.5%would be low for our district's local operating budget. We
<br /> would prefer to ensure we have at least 1 month of operating funds available which is closer to an 8%target at minimum. Currently
<br /> the Board is committed to using the prior years'fund balance accumulation to offset capital outlay/improvement needs in the district
<br /> in lieu of asking for expansion funds related to that work. That committment would bring the fund balance down to 1 month's
<br /> operating funds at the end of FY 2019-2020.
<br />
|