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36 EXECUTIVE SUMMARY Page 113 Summary FY 2021-22 Budget Request $8,089,000 The District's overall funding request is designed with the expressed purpose of achieving excellence as we implement our plan for student success. The times ahead of us will certainly present challenges. This local operating budget request will enable us to continue our vital work as we reopen our doors. It will ensure we can keep our programs and schools moving forward. Accomplishing the goals identified in our strategic plan will only be possible if our entire community is focused on student academic needs and social and emotional growth through continued funding of our schools. The total Local Operating Budget increase of$8,033,000 will be essential in the success of our students as we return in the face of daunting challenges posed by the pandemic. Our Continuation request of$5,034,000 focuses the foundation of the local budget on those who have been the foundation for us during these difficult times. Budgeting for increases in salaries for certified and classified staff and delivering the continuation of the Project ADVANCE stipends as a salary differential are critical steps to retaining the highly-qualified staff that will sustain the success of our District long-term. Our Expansion requests of$2,974,000 target several identified needs that must be addressed for the District to continue to grow. Offering a Virtual Academy, expanding our Social Emotional Learning and Mental Health capabilities,providing several high-need positions in District leadership to maximize efficiency and to place equity at the center of our work, and to implement more effective professional development plans are all building blocks that will impact the level of education our students receive as the District continues to move forward. The grand total for all of these requests is $8,008,000. Due to the expectation that interest rates will remain low into the upcoming fiscal year, the District estimates a decrease of$25,000 in local revenues from a reduction in interest revenue. After accounting for the change in revenue, the total deficit in the local operating budget and the final amount requested by the Board of Education is $8,033,000. This would correlate to an increase of$650 per pupil, based on projected enrollment levels. Total Board of Education's Recommended Local Operating Budget Request Request $2,974,000 Chapel Hill—Carrboro City Schools—FY 2021-22 Recommended Budget empower inspire