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41 <br /> EXECUTIVE SUMMARY Page 118 <br /> BOARD OF EDUCATION'S RECOMMENDED LOCAL OPERATING BUDGET <br /> FOR THE BUDGET YEAR 2021-22 <br /> DECREASE IN LOCAL FUND REVENUES <br /> Reduction in Interest Earned on Investment (25,000) 2.02 <br /> Total Decrease in Local Fund Revenues (25,000) (2.02) <br /> Deficit in Local Current Operating Budget 8,033,000 650.39 <br /> Fund Balance Appropriated - - <br /> TOTAL DISTRICT APPROPRIATION REQUEST 8,033,000 650.39 <br /> *The ad valorem tax rate for 2021-22 is estimated to generate$2,146,501 per$.01 increase.The District receives <br /> approximately 63%of the revenue increase or$1.353,346.A 5.94 cents tax rate increase would be required to <br /> fund the$8,033,000 shortfall. <br /> **The special district tax rate for 2021-22 is estimated to generate$1,363,791 per$.01 increase.The revenue neutral <br /> projected rate is 18.30 cents,down from the current 20.18 cents. The special district tax would need to increase <br /> by 5.89 cents from the revenue neutral rate to a new rate of 24.19 cents to fully fund the shortfall. <br /> BOARD OF EDUCATION'S NON-RECURRING EXPENDITURES SUMMARY <br /> FOR THE BUDGET YEAR 2021-22 <br /> Non-Recurring Expenditures for Budget Year 2021-22 <br /> Virtual Academy $ 100,000 $ 8.10 <br /> Extended Day/Year Programs 445,000 36.03 <br /> Safety and Security Initiative-Phase I 525,000 42.51 <br /> Increased Custodial Costs Related to the COVID-19 Response 80,000 6.48 <br /> Temporary Services for the Human Resources Division 100,000 8.10 <br /> Total Non-Recurring Expenditures for Budget Year 21-22 $ 1,250,000 $ 101.21 <br /> ONE-TIME FEDERAL RELIEF FUNDING <br /> ESSER-II Cares Act Funding $ 3,226,426 $ 261.23 <br /> ESSER-III(NCDPI Planning Allotment) 7,219,087 584.49 <br /> Total One-time Federal Relief Funding $10,445,513 $ 845.72 <br /> 00 <br /> Chapel Hill—Carrboro City Schools—FY 2021-22 Recommended Budget empower <br /> inspire <br />