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32 <br /> Fund Balance Remaining after Results Of FY 2022-23 <br /> As of the end of the 2022-23 fiscal year, the remaining total local fund balance <br /> level is expected to be reported at $5.51 million. <br /> Of that amount, approximately $3.5 million will remain unassigned and available <br /> for appropriation in the FY 2023-24 budget. <br /> Before any appropriation is made for the FY 2023-24 budget, the District's local <br /> unassigned fund balance percentage of budget expenditures is projected at <br /> approximately 4% <br /> Chapel Hill-Cor UoIR City$.Chppls l ChCCs,01g prepared by Business and Financial Services THINK (AND ACT) <br /> 1 <br /> 2 <br /> 3 Slide #18 <br /> Fund Balance Remaining after Results 4f FY 2022-23 <br /> District Administration the FY 2023-24 operating budget will likely require a fund <br /> balance appropriation to balance. <br /> A$1 million fund balance appropriation in the FY2023-24 operating budget would <br /> reduce that unassigned percentage to 2.81% of budgeted expenditures <br /> A$1.5 million appropriation would reduce it to 2.25% of budgeted expenditures <br /> Chopel Hill-Carrboro City schools i ahacs.arg prepared by Business and Financial Services THINK (AND ACT) <br /> 4 <br /> 5 <br /> 6 <br />