Orange County NC Website
Browse       Search
56 <br /> EXECUTIVE SUMMARY Page 133 <br /> Debt Obligations and Changes <br /> The District maintains a very healthy financial obligation position by incurring low amounts of <br /> debt only when necessary. The District recommended and the Board approved the payoff of a <br /> loan with Grapeland State Bank that was used to upgrade the GPS systems in buses around the <br /> District. The total amount paid off was approximately$55,000 that would have matured in June <br /> of 2022. The only major debt obligation entered into during FY 2021 thus far was an installment <br /> purchase from Trinity 3 Holdings, LLC to provide each of our secondary students with <br /> Chromebooks. This was a 4-year agreement totaling $3.44 million. Payment of the year 1 <br /> obligation has already been made, which brings the remaining obligation down to $2.58 million. <br /> Year Ended June 30 Installment Purchases Total Debt Obligations Per Capita <br /> 2020 $ 194,468 $ 194,468 N/A <br /> 2019 344,995 344,995 $ 2.32 <br /> 2018 362,825 362,825 2.48 <br /> 2017 167,778 167,778 1.16 <br /> 2016 597,416 597,416 4.21 <br /> 2015 601,602 601,602 4.26 <br /> 2014 890,391 890,391 6.34 <br /> 2013 1,212,475 1,212,475 8.64 <br /> 2012 39,468 39,468 0.29 <br /> 2011 137,760 137,760 1.03 <br /> Source:Chapel Hill-Carrboro City Board of Education,North Carolina,Annual Financial Reports. <br /> Note:This table is a ten-year schedule.However,current year county level annual population estimates are not released by the U.S. <br /> Census Bureau until the spring of the following year.Therefore,June 30,2020 population-based information will be shown above as <br /> "N/A",and the information will be reported for the year ended June 30,2021,if applicable. <br /> 00 <br /> Chapel Hill—Carrboro City Schools—FY 2021-22 Recommended Budget empower <br /> inspire <br />