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<br /> F TotalY 2021-22 Total FY 2022-23
<br /> OCS Approved FY 2022-23 Recommend Difference
<br /> Request
<br /> ADM 8,110 8,023 8,023 0
<br /> Current Expense $35,416,370 $40,835,870 $38,570,900 $2,264,970
<br /> Per Pupil Equivalent $4,367 $5,090 $4,808 $282
<br /> F TotalY 2021-22 Total FY 2022-23
<br /> CHCCS Approved FY 2022-23 Recommend Difference
<br /> Request
<br /> ADM 12,351 11,442 11,442 0
<br /> Current Expense $53,936,817 $62,101,817 $55,007,882 $7,093,935
<br /> 1 Per Pupil Equivalent $4,367 $5,428 $4,808 $620
<br /> 2
<br /> 3 Recurring Capital
<br /> 4 Recurring capital for both School districts remains the same as the prior year appropriation of
<br /> 5 $3 million dollars. The budget for FY 2022-23 includes $1,763,400 for Chapel Hill-Carrboro City
<br /> 6 Schools and $1,236,600 for Orange County Schools. For FY 2022-23, a mix of debt financing
<br /> 7 (see page 95 of the Capital Investment Plan (CIP)) and pay-as-you-go funding (see page 132 of
<br /> 8 the Operating Budget) is recommended for Recurring Capital. Recurring capital pays for facility
<br /> 9 improvements, equipment, furnishings, and vehicle and bus purchases. State statutes mandate
<br /> 10 counties to fund recurring capital. However, the amount of money counties allocate to this
<br /> 11 function is discretionary and varies from county to county. Note: These amounts have been
<br /> 12 revised (represented by yellow highlighting on Attachment 2-E) from the Original
<br /> 13 Recommended Capital Investment Plan to reflect the revised average daily membership
<br /> 14 (ADM) percentage, as included in the FY 2022-23 Manager Recommended Operating
<br /> 15 Budget.
<br /> 16
<br /> 17 Long Range Capital
<br /> 18 The County plans and programs long-range school capital funding through the County's Capital
<br /> 19 Investment Plan (CIP). The recommended CIP budget for FY 2022-23 includes $2,502,680 for
<br /> 20 Chapel Hill-Carrboro City Schools and $1,755,026 for Orange County Schools, as detailed on
<br /> 21 Attachment 2-E, which is an updated version of page 95 of the CIP using the most recent ADM
<br /> 22 for each district. This combines to a total of $4,257,706, which represents an increase of
<br /> 23 $83,484 from FY 2021-22. A 2% annual growth rate is included throughout the years of the CIP
<br /> 24 related to Long Range Capital. For FY 2022-23, as was the case in FY 2021-22, debt financing
<br /> 25 will be utilized, instead of pay-as-you-go funds for Long Range Capital projects. Similar to Local
<br /> 26 Current Expense funding, the amount of money counties allocate to long-range capital
<br /> 27 expenditures is discretionary and varies from county to county.
<br /> 28
<br /> 29 School Debt Service
<br /> 30 The recommended budget provides for $21,807,353 in School Related Debt Service, which
<br /> 31 represents repayment of principal and interest on School related debt, including general
<br /> 32 obligation bonds and private placement loans. This is a decrease of $1,930,893 from FY 2021-
<br /> 33 22. North Carolina statutes require counties to pay for school related capital items, such as
<br /> 34 acquisition and construction of facilities. In instances where counties borrow funds to pay for
<br /> 35 such items, the State mandates counties to repay the debt. The amount of money counties
<br /> 36 borrow for school related projects is discretionary and varies from county to county.
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