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<br /> 1 Slide #60
<br /> Article 46 Sales Tax — page 76
<br /> • Board has requested staff review additional funding for Durham Tech from Article 46
<br /> pool. This will cause a larger gap in the fund.
<br /> Scenario 1-Add Durham Tech's Operating Gap of$44,379 to Article 46
<br /> Article 46 Funding FY25.26 FT26.27 FY27.29 FY28-29
<br /> Revenue $ 3,795999 $ 3373,839 5 3,456,793 $3,595,065
<br /> '
<br /> ONkn tNru��e $ 1,009,605 5 1.031755 $ 1,015,514 $ 819079
<br /> Economic Development Department 45800 523 12 545979 S 569779
<br /> Sup ort for General Fund Ex nditures $ 276,692 $ 284 27 $ 303 208 $ 317 468
<br /> Outside Grants and Initiatives+Durham Tach's Operating Gap 918 100 946 987 914 71 934,627
<br /> New Incentive Money 533,542 $ $32,158 $ 679,021 $ 954,112
<br /> Net Article 46 Cash
<br /> Incentive Sta rfing Balance $ 10 77637 Is 472 349
<br /> noentive Payments $ 1,08s,830 $ 2,391,979 $ 739 94 $ 690,344
<br /> n relive DeBcl 5u lus 4 349 387 72 61t 473 263 768
<br /> ORANGE COUNTY
<br /> F0 NORTH CAROLINA
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<br /> 3
<br /> 4 Slide #61
<br /> Article 46 Sales Tax — page 76
<br /> • Board has requested staff review additional funding for Durham Tech from Article 46
<br /> pool. This will cause a larger gap in the fund.
<br /> Scenario 2-Fund Student Liaison Position out of Article 46-$91,649
<br /> Article 46 Funding FY25-25 FT26-27 FY26.27 FY27.28
<br /> Revenue 5 3,195,999— $_ 3,323,839 S 3,456,793 $3,595,065
<br /> Oeh�Service $ 1,009,605 5 1,031,755 $ 1,015,514 $ 819079
<br /> Economic Development Department 45800 523 12 545979 569779
<br /> Support for General F Lind Ex penditures $ 276,692 $ 284627 $ 303,208 $ 317,468
<br /> Outside Grants and Initiatives+Durham Tech's Student Liaison 965,370 995,675 $ 964,220 $ 9%281
<br /> New Incentive Money 486,772 $ 483,470 $ 627,872 $ 902,458
<br /> Het Article 46 Costs
<br /> ncendw Sta ril ng Balance $ 1027637 425079
<br /> ncentive Payments $ 1,08s,830 $ 1,391,979 $ 739 94 $ 690,344
<br /> nc We Deficit/Surplus 42SAM 1483,430) 111622 212J24
<br /> ORANGE COUNTY
<br /> 61 NORTH CAROLINA
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<br /> 6 Chair Bedford said the Senate does not have 3% for employees in the budget and she is
<br /> 7 unsure about the House budget. She said the Durham Tech 3% was an assumption.
<br /> 8 Kirk Vaughn said he thinks it was a combination of a one-time bonus and a percent
<br /> 9 increase.
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