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<br /> 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 /> Article46 Funding h6 FY25-26 FY26-27 FY27-28 FY28-2
<br /> Revenue $ 3,195,999 $ 3,323,839 $3,456,793 $3,595,065
<br /> Debt Service $ 1,009,605 $ 1,031,755 $ 1,015,514 $ 819,079
<br /> Economic Development Department $ 458,060 $ 523,312 $ 545,979 $ 569,779
<br /> �upport for General Fund Expenditures $ 276,692 $ 289,627 $ 303,208 $ 317,469
<br /> utside Grants and Initiatives+Durham Tech's Operating Gap $ 918,100 $ 946,987 $ 914,071 $ 934,627
<br /> ew Incentive Money $ 533,542 $ 532,158 $ 678,021 $ 954,112
<br /> Yet Article 46 Casts $ $
<br /> Incentive Starting Balance $ 1,027,637 $ 472,349
<br /> Incentive Payments $ 1,088,830 $ 1,391,979 $ 739,494 $ 690,344
<br /> ncerdive Deficit/Surplus $ 472,349 $ (387,472) $ (61,473) $ 263.768
<br /> ORANGE COUNTY
<br /> 60 NORTH CAROLINA
<br /> 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 FY25-26 FY26-27 FY26.27 FY27-
<br /> Revenue $ 3,195,999 $ 3,323,839 $3,456,793 $3,595,065
<br /> Debt Servite $ 1,009,605 $ 1,031,755 $ 1,015,514 $ 919,079
<br /> Economic Development Department $ 458,060 $ 529,312 $ 545,979 $ 569,779
<br /> iupport for General Fund Expenditures $ 276,692 $ 289,627 $ 303,208 $ 317,468
<br /> utside Grants and Initiatives+Durham Tech's Student Liaison $ 965,370 $ 995,675 $ 964,220 $ 986,281
<br /> ew Incentive Money $ 486,272 $ 483,470 $ 627,872 $ 902=G90,34-4
<br /> 458
<br /> Yet Article 46 Costs $
<br /> Incentive Starting Balance $ 1,027,637 $ 425,079
<br /> Incentive Payments $ 1,088,830 $ 1,391,979 $ 739,494
<br /> ncentive Deficit/Surplus $ 42 (483,430) $ (111,622
<br /> ORANGE COUNTY
<br /> 61 NORTH CAROLINA
<br /> Chair Bedford said the Senate does not have 3% for employees in the budget and she is
<br /> unsure about the House budget. She said the Durham Tech 3% was an assumption.
<br /> Kirk Vaughn said he thinks it was a combination of a one-time bonus and a percent
<br /> increase.
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