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13 <br /> Budget Summary <br /> Budget Priorities <br /> The Orange County Board of Education approved a fiscally responsible and balanced budg- <br /> et that is committed to the recruitment and retention of a highly qualified workforce; stu- <br /> dent proficiency and growth; and the allocation of resources to best meet the needs of all <br /> Orange County Schools students and staff. This budget request incorporates continuation <br /> and expansion costs that will be detailed in this narrative. <br /> Student Enrollment <br /> The District's funding is based on the number of students that attend Orange County <br /> Schools. Orange County Commissioners provide funding to both school districts located in <br /> the county based on the projected number of students provided annually from the NC De- <br /> partment of Public Instruction. The total student base of 7,751 is determined as follows: <br /> 6,733 - FY 2026 40th day actual ADM <br /> 139 - (less) out-of-district students <br /> 1.157 - (plus) charter school students <br /> 7,751 - total students <br /> Continuation Budget Need <br /> The District's Local Operating Budget is determined by the per pupil funding approved and <br /> appropriated by the Board of County Commissioners every June. The largest component of <br /> this budget request is the estimated continuation of the Local Operating Budget. Continua- <br /> tion represents the costs to be able to continue providing the same level of service and ed- <br /> ucation standards for the upcoming fiscal year before any operational or programmatic <br /> changes are prioritized. <br /> Salaries and Wages <br /> The North Carolina General Assembly establishes staff base salary and benefit cost <br /> in it's biennium budget which has yet to be adopted. As a result, the District is esti- <br /> mating a 4% salary increase for all staff based on an actual five year trend. A 4% in- <br /> crease in salaries supported by the Local Operating Budget would require an addi- <br /> tional $1,373,788 which is comprised of $560,713 for base salary and $813,074 for <br /> matching local supplement. Adjustments may be necessary when a final budget is <br /> adopted by the NC General Assembly. <br /> Benefits <br /> Until a final NC biennium budget is approved, the District is estimating benefit in- <br /> creases based on the rates approved in the FY 2025 biennium budget. <br /> 13 <br />