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30 <br /> 1 Slide #27 <br /> Fund Balance <br /> • Joint policy between the County and the School Districts <br /> — Each District has targeted undesignated fund balance target of 5.5%of budgeted expenditures for <br /> "cash flow purposes only" <br /> Undesignated fund balance may exceed targeted amount for"unseen events or opportunities"and <br /> other non-recurring purposes <br /> Extraordinary emergency needs may exhaust fund balance <br /> School districts will take appropriate action to address the problem <br /> • County will reimburse the Districts for the necessary expenditures to address emergencies <br /> ORANGE COUNTY <br /> 27 NORTH CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #28 <br /> Fund Balance <br /> • Audited Undesignated fund balance amounts for FY2022-23 <br /> — Does no[represent fund balance approprlatbns made during FY2023-24 Year to Da[e <br /> — Chapel Hill-Carrboro City Schools $3,620,602 4,07%of FY2022-23 actual expenditures <br /> — Orange County Schools $2.933.879 7.28%of FY2022-23 actual expenditures <br /> ORANGE COUNTY <br /> 28 NORTH CAROLINA <br /> 5 <br /> 6 Vice-Chair Greene asked where they could see in the school operational budgets the <br /> 7 amount of money given to "refill" the amount that leaves with charter students. <br /> 8 Travis Myren said it is in the current expense part of the budget. <br /> 9 Vice-Chair Greene asked if it is broken down somewhere in the budget because it gets <br /> 10 bigger every year. <br />