Agenda - 10-05-2021; 6-a - Presentation of Final Report from the BOCC Elections Advisory Group (BEAG)

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140 • District Tax— Chapel Hill-Carrboro City Schools The special district tax rate for the Chapel Hill Carrboro City Schools is approved to remain at the current tax rate of 20.18 cents per $100 assessed value for FY 2020-21. Each penny on the Chapel Hill-Carrboro district tax rate for fiscal year 2020-21 is expected to produce $1,208,899. Anticipated revenue from this special tax is estimated to generate approximately $1,995 per student for the district. Projected revenue from district tax proceeds for fiscal year 2020-21 totals $24,395,583. School Nurses and School Resource Officers Funding: The FY 2020-21 approved budget includes funds totaling $3,629,597, outside of the per pupil funding, to cover the costs of School Resource Officers in every middle and high school, and a School Health Nurse in every elementary, middle, and high school in both school systems, in an effort to replace the Fair Funding model implemented in FY 2006-07, which provided equal funds of $494,000 to both school systems outside of the per pupil funding to pay for costs associated with School Resource Officers and School Health Nurses. These services are provided through a contractual agreement with both school systems to provide these safety and health initiatives. Capital Funding and Debt Service: Recurring Capital Recurring capital outlay funding supports Category I (facility improvements), Category II (equipment and furnishings), and Category III (vehicles and bus purchases) expenditures. The equal per pupil allocations required by law for current expense appropriations are not applicable to this category of local school funding. This amount is distributed to each district based on its share of the total number of students. For fiscal year 2020-21, the approved budget provides total funding for recurring capital at $3.0 million. Of the total, recurring capital for the Chapel Hill-Carrboro City Schools equals $1,799,700 and Orange County Schools' allocation is $1,200,300. Instead of funding the recurring capital from pay-as-you-go funds, debt financing will be utilized in FY 2020-21, as it was in FY 2019-20. Long-Range Capital and School Capital Projects The County plans and programs long-range school capital funding through the County's Capital Investment Plan (CIP). Projects are funded by a combination of State and local bonds, non-bond financing and pay-as-you-go funding sources. The latter include dedicated half-cent sales tax revenues and property tax earmarked under the Board's Capital Funding Policy. The approved budget for FY 2020-21 includes$2,455,016 for Chapel Hill-Carrboro City Schools and $1,637,359 for Orange County Schools, for a total of$4,092,375 in FY 2020-21. Instead of funding the long- range capital from pay-as-you-go funds, debt financing will be utilized in FY 2020-21, as it was in FY 2019-20.