Minutes 01-19-2024 - Retreat - Laserfiche WebLink

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34 Slide #10 Charter Students and Bond Allocation Average Daily Membership Allocation Charter StudentsFY2023-24 Budget FY2023-24 Budget CHCCS OCS TOTAL CHCCS OCS TOTAL In-Facility Students 11,393 7,122 18,515 In-Facility Students 11,393 7,122 18,515 Less Out of District (350) (118) (468) Less Out of District (350) (118) (468) Plus Charter Students 210 999 1,209 Total Funded Students 11,043 7,004 18,047 Total Funded Students 11,253 8,003 19,256 %Allocation 61.19% 38,81% %Allocation 58.44% 41.56% °%Difference 2,75% (2.75%) $200 million bond $116,877,856 $83,122,144 $200 million bond amount $122,380,451 $77,619,549 amount Difference $5,502,595 ($5,502,595) ORANGE COUNTY 10 NORTH CAROLINA Commissioner McKee expressed concern with the perception of the funding percentage split between the school districts if charter students are not included in the calculation. He also asked what OCS would lose in this scenario. Commissioner Richards said that charter students are not in the buildings and therefore it doesn't make sense for them to be in the calculation. Chair Bedford said, if the bond amount is $200 million, OCS's allocation would decrease $5.5 million that would be given to CHCCS. She said she believes in continuing to flow through operating costs with charter students in the calculation but does not think it's logical to do that with capital costs because charter students are not in the school buildings. Commissioner McKee said he believes there is still a long-standing perception issue, and that people will not vote for the bond if they do not believe their school district will benefit from it. Chair Bedford said she thinks the difference in operating costs and capital costs would just have to be explained to voters. Commissioner Hamilton said she thinks funding should be done on a project basis as identified in the Woolpert report and believes that will be the best way to be good stewards of public funds. Commissioner McKee reiterated his concern about perception. Chair Bedford said she agrees with Commissioner McKee about a perception issue and thinks a 60-40 split is the best option, which is consistent with the way the Board splits operating funds between the school districts. Commissioner Richards pointed out that if funds were split by project in Scenario C, CHCCS would get 60.08% and OCS would get 39.92%, which is virtually a 60-40 split. Commissioner Hamilton said she does not want to do an arbitrary split and thinks the board should either split funding by Average Daily Membership (ADM) or by project. Commissioner Richards, Commissioner Fowler, Vice-Chair Greene, and Commissioner Hamilton indicated they are in favor of project-based funding. Commissioner McKee, Chair Bedford, and Commissioner Portie-Ascott were in favor of funding based on ADM.