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30 <br /> 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 /> Slide #28 <br /> Fund Balance <br /> • Audited undesignated fund balance amounts for FY2022-23 <br /> — Does not represent fund balance appropriations made during FY2023-24 Year to Date <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 /> Vice-Chair Greene asked where they could see in the school operational budgets the <br /> amount of money given to "refill" the amount that leaves with charter students. <br /> Travis Myren said it is in the current expense part of the budget. <br /> Vice-Chair Greene asked if it is broken down somewhere in the budget because it gets <br /> bigger every year. <br />