Agenda - 06-21-2022; 8-a - Minutes

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13 1 have been used 9 or 10 months ago. He said on the projected number vs. the actual number, 2 they are funding for children who are not there. 3 Jonathan Scott said he was correct. He said they offer that to further inform the board 4 and public that the total funding is not expected to go up. 5 Commissioner McKee said historically, we have funded at a higher rate than the actual 6 numbers came in. He said that Chapel Hill Carrboro City Schools is highly funded. He said that 7 he does not begrudge that, but there are issues over the salary, and they should have been 8 addressed earlier. He said he understands it is not his decision to make but he has that 9 concern and has for quiet awhile. 10 Commissioner Hamilton asked if the EC certified supplements include TAs getting an 11 increase in salary. 12 Jonathan Scott said it only covers certified ECs and that the EC TAs would be covered 13 in a separate salary study. 14 Commissioner Hamilton asked if they get additional money because of their duties. 15 Jonathan Scott said he does not know that answer. He said that the board raised the 16 TAs salary years ago and they are paid higher than the general curriculum. 17 Commissioner Fowler thought when she was on the school board, they included 50 18 cents more per hour for the EC TAs. 19 Chair Price asked for clarification on parental leave, she asked if it is more than 20 paternity. 21 Dr. Nyah Hamlett said yes, the slide had a typo, and it is parental. 22 Chair Price asked about the unassigned portion of fund balance. 23 Jonathan Scott said it was about $8.5 million. He said it is made of several components. 24 He said there is a reservation for year-end expense, and they do not have that anymore. He 25 said that it is hard to give them an exact picture without a certified financial statement. 26 Chair Price asked if the minimum they should keep is $4.5 million. 27 Jonathan Scott said that was the amount set by the Board of Commissioners. He said 28 that the 5% level is two weeks of operating cash. 29 Chair Price asked for the estimate for next year. 30 Jonathan Scott said he is estimating that expenditures will exceed revenues by $1-2 31 million dollars. He said before they appropriate any money to balance the budget, they would be 32 somewhere around $12.5 million, recognizing that they will have to appropriate some money to 33 balance the budget. 34 Chair Price asked if they did not appropriate money from the fund balance the expenses 35 over revenues would be $12 million? 36 Jonathan Scott said no. He said that, for example, if the Board of Commissioners fully 37 funded the school's budget request this year, and the school board did not have to appropriate 38 any fund balance, he estimates that it would be at $12 million. He said that is prior to them 39 having to allocate any of the fund balance. 40 Commissioner Hamilton asked if currently it is about $8 million and at the end of next 41 fiscal year, would be about $12 million. 42 Jonathan Scott said fund balance always depends on operations. He said that it is $8.5 43 million right now because the Board assigned additional fund balance for expenditure. He said 44 that it is kind of an arbitrary number right now, but they allocate some to balance the budget. He 45 said that is $5.5 appropriated now, but he does not anticipate spending all of that. He said he is 46 anticipating $12 million available at year end of 2022. 47 Commissioner Hamilton asked if at the end of the current fiscal year, given what they 48 know now, is the unassigned $8.5 million. 49 Jonathan Scott said he thinks at the end of the year it will be $12 million unassigned. He 50 said that some of that will be allocated to balance the budget.