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52 <br /> 1 Slide #24 <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 Full Carrboro City Schools-58.44% <br /> - Grange County Schccls-41.56°, <br /> • Could move to a protect based allocation <br /> - Need based allocation <br /> - Projekt costs estimated inwoolpertStudy <br /> - Woolpert Option C-Phase <br /> • Chapel All Carrboro City Schools-5B 2%of total Pfiase I project costs <br /> • Orange County Schools-41.8%of total Phase I protect casts <br /> GRANGE COUNTY <br /> 24 NC3RTH CARC3LIWA <br /> 2 <br /> 3 Chair Bedford said there should be an additional discussion because she does not <br /> 4 remember from the 2016 bond but when there are 999 charter students, she thinks that charter <br /> 5 students should not be factored into the ADM because they are not there to use the buildings. <br /> 6 Travis Myren said staff will model that and bring it to the Board's retreat on Friday. <br /> 7 Commissioner Fowler said project-based allocation would only work if the Board chooses <br /> 8 option D, and that otherwise, they should stick to ADM. <br /> 9 <br /> 10 Slide #25 <br /> Recommendation <br /> • Discuss financing scenarios related to implementing the County Facility Plan <br /> and the Long Range School Optimization Plan and provide direction to staff <br /> on alternative scenarios <br /> Goal of developing preferred plan of finance by the end of January 2024 <br /> -- <br /> ORANGE COUNTY <br /> 25 NC3RTH CARCILINA. <br /> 1 1 <br />