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11
<br /> School Capital Fund
<br /> 28.Chapel Hill-Carrboro City Schools requested a reallocation of its Other Capital Uses
<br /> project codes to simplify allocations of Recurring Capital. Historically, the school districts
<br /> were provided pay-go funds for minor repairs and replacements from the County in one
<br /> project code named Recurring Capital. During the FY 2025-26 Budget process, those
<br /> pay-go funds were allocated between Recurring Capital, Rental Spaces and Technology,
<br /> based on the district's request. The district has subsequently requested that the funds be
<br /> reverted back to being allocated in a single project code for ease of reporting and
<br /> reconciling ledgers. This moves $553,000 from the Rental Space and $1,073,120 in
<br /> Technology Plan to Recurring Capital. This amends the following project ordinances in
<br /> the School Capital Fund outside of the General Fund:
<br /> CHCCS - Rental Space (-$553,000) - Project# 54019
<br /> Revenues for this project:
<br /> Current FY 2025-26 FY 2025-26
<br /> FY 2025-26 Amendment Revised
<br /> Transfer from General Fund $2,470,000 ($553,000) $1,917,000
<br /> Total Project Funding $2,470,000 ($553,000) $1,917,000
<br /> Appropriated for this project:
<br /> Current FY 2025-26 FY 2025-26
<br /> FY 2025-26 Amendment Revised
<br /> Project Expenditures $2,470,000 ($500,000) $1,970,000
<br /> Total Costs $2,470,000 ($500,000) $1,970,000
<br /> CHCCS - Technology(-$1,073,120) - Project# 54013
<br /> Revenues for this project:
<br /> Current FY 2025-26 FY 2025-26
<br /> FY 2025-26 Amendment Revised
<br /> Alternative Financing $7,336,076 $7,336,076
<br /> Transfer from General Fund $12,794,224 ($1,073,120) $11,721,104
<br /> 2/3rds Net Debt Bonds $1,862,121 $1,862,121
<br /> Transfer from Article 46 $6,196,596 $6,196,596
<br /> Total Project Funding $28,189,017 ($1,073,120) $27,115,897
<br /> Appropriated for this project:
<br /> Current FY 2025-26 FY 2025-26
<br /> FY 2025-26 Amendment Revised
<br /> Project Expenditures $28,189,017 ($1,073,120) $27,115,897
<br /> Total Costs $28,189,017 ($1,073,120) $27,115,897
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