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40 <br /> Slide #9 <br /> Recommended School Funding <br /> Operating Budget Funding as a Percentage W Genera I Fund Revenue <br /> Funding Target-48.1% <br /> i47M i4GX• <br /> Giti i X <br /> JaiA +7 P4 <br /> xr.aw <br /> K.flK — <br /> 44 n% <br /> flM - <br /> i� <br /> ORANGE COUNTY <br /> 9 i►OK71 I CrkROLINA <br /> Travis Myren said that this shows the funding target and where the county has funded. <br /> He said they are 1% point below the target for this fiscal year. <br /> Chair Price asked what the impact on funding would be to bring it up to the target of <br /> 48.1%. <br /> Travis Myren said it would be $2.5 million. <br /> Chair Price asked about the effect on other allocations. <br /> Travis Myren said they would have to look at expenditure reductions or additional taxes. <br /> He said 1 penny generates about $2.2 million. <br /> Chair Price asked when the management team was working on the budget if they <br /> considered decreasing expenses to get $2.2 million. <br /> Travis Myren said they start by looing at resources available and then manage to that <br /> target. <br /> Chair Price asked if they went back to look at the budget to see if there were ways to <br /> bring it to the $2.2 million. <br /> Travis Myren said at that point it is late in the process and numbers are locked in. <br /> Commissioner Fowler asked how the school funding is decided and if it is based on the <br /> schools' ask. <br /> Travis Myren said it is a timing issue. He said they do not know what the schools <br /> funding is sometimes until late in the process. He said that sometimes it is even after the <br /> County Manager's recommended budget is presented. He said they set a goal of 3% across the <br /> board. <br /> Commissioner Fowler said that capital needs are skyrocketing and asked if that was <br /> considered. <br />