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29 <br /> Bond Funding Practice <br /> • Bond funds have been allocated between the two school districts on the basis of the average <br /> daily membership (ADM) in place at the time the bond was approved <br /> — Chapel Hill Carrboro City Schools — 58.44% <br /> — Orange County Schools — 41 .56% <br /> • Could move to a project based allocation <br /> — Need based allocation <br /> — Project costs estimated in Woolpert Study <br /> — Woolpert Option D — Phase I <br /> • Chapel Hill Carrboro City Schools — 58.2% of total Phase I project costs <br /> • Orange County Schools — 41.8% of total Phase I project costs <br /> ORANGE COUNTY <br /> 23 r*-;ORTH CARf3LINA <br />