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46 <br /> Slide#34 <br /> Fund Balance Historical Analysis and FY 2026 Forecast <br /> $20.OM <br /> S15-5M <br /> $15.OM <br /> 511.3M $12.OM <br /> $1 D.DM <br /> $5.am S5.5M <br /> $5.01M S5.3M <br /> $3.6rv1 $3.5M <br /> S0.3M <br /> -S0,1M-S0.6M -S0.4M <br /> -$5_DM <br /> 2021 2022 2023 2024 2025 2026` <br /> Total General Fund Balance Local Unassigned Fund Balance <br /> "Based on District estimates that FY2026 will add-$5m to the fund balance as a result of operations.Of that,it is estimated That about$1.8m <br /> would be reserved for various reporting requirements.Actual results will vary once the fiscal year is officially closed and audited. <br /> ChapeIHIII-Carrboro City Schools I chccs.org THINK (AND ACT) <br /> Jonathon Scott presented an update on the district's fund balance, noting that the last audited <br /> financial statements showed an increase in fund balance of approximately $350,000. He said the district <br /> is now three-quarters through the fiscal year and estimates it will end the year with approximately $5.5 <br /> million in fund balance. He noted that the school board's priority in the coming years is to grow that <br /> fund balance to a more sustainable level, expressing hope that the district would end the following year <br /> closer to $10 million. He said this indicates the structural deficit has been resolved. <br /> Slide#35 <br /> of <br /> Our • • Our Future : LL <br /> Strategic Budget Response <br /> Addressing current financiaJ • - •- • •h strategic •• <br /> while creating capacity to reinvest in innovation, strengthen <br /> academic programs, • • develop future-ready •• ••- , <br /> expand opportunities for students and support long-term enrollmenf <br /> growth, z <br />