Orange County NC Website
Browse       Search
23 <br /> 1 Slide#43 <br /> Local Operating Fund Balance <br /> 7,000,000 <br /> 6,610,000 <br /> 6,120,OOQ�r�� <br /> 6,000,000 <br /> 5,456,494 <br /> 5,000,000 4,,930,000 <br /> 4,340,000 <br /> a,00o,am <br /> �420,00 <br /> 3,000,000 <br /> 2,000,000 <br /> 1,000,000 <br /> 0 <br /> 2020 2021 2022 2023 2024 2025 <br /> []Actual ENGAGE. CHALLENGE. INSPIRE. <br /> 2 <br /> 3 Rhonda Rath presented the district's last audited fund balance of$5.5 million. She cautioned that <br /> 4 this figure looks good on the chart, but if there is an emergency or if something comes up, it won't be <br /> 5 enough. She noted that current operating expenses run between $3.4 and $3.5 million per month and <br /> 6 that best practice calls for three to six months of operating expenditures held in reserve. <br /> 7 <br /> 8 Slide#44 <br /> Capital Improvement Update <br /> • Community Engagement <br /> • Gallery Walks (April 7, 9 Et 10) <br /> • Survey: 236 Responses (March -April 8) <br /> • "Draw Your Dream School" (April 15, Gravelly Hill MS) <br /> • Site Survey in Process <br /> • Joint Meeting between Orange County Schools, <br /> City of Mebane, and Orange County <br /> • Programming-Design Guidelines Phase in Process <br /> ENGAGE. CHALLENGE. INSPIRE. <br /> 9 <br />