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23 <br /> Slide#43 <br /> Local Operating Fund Balance <br /> 7,00,000 <br /> 6,610,000 <br /> 6,120,002_ <br /> 6,000,000 \, - <br /> 5,456,494 �' ± <br /> 5,000,000 4 930,000 <br /> 4,340,000 <br /> 4,000,000 <br /> 420,00 <br /> 3,000A00 <br /> 2,000,000 <br /> 1`I <br /> 1,000,00a <br /> 02020 2021 2022 2023 2024 2025 <br /> 0 actual ENGAGE. CHALLENGE. INSPIRE. <br /> Rhonda Rath presented the district's last audited fund balance of $5.5 million. She cautioned <br /> that this figure looks good on the chart, but if there is an emergency or if something comes up, it won't <br /> be enough. She noted that current operating expenses run between $3.4 and $3.5 million per month <br /> and that best practice calls for three to six months of operating expenditures held in reserve. <br /> Slide#44 <br /> Capital Improvement Update <br /> • Community Engagement <br /> • Gallery Walks (April 7, 9 8t 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 /> An <br /> 11107 ENGAGE. CHALLENGE. INSPIRE. <br />