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<br /> 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 202&26 FY 202&26
<br /> FY 2025-26 Amendment Revised
<br /> Transfer from General Fund $22470 , 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 $2 ,470 , 000 ($ 5003000) $ 13970 , 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 , 1962596
<br /> Total Project Funding $28 , 1891017 ($ 11073 , 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 $283189 , 017 ($ 1 , 073 , 120 ) $27 , 115 , 897
<br /> Total Costs $283189 , 017 ($ 1 , 0733120) $27 , 115, 897
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