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31 <br /> Slide#24 <br /> Fund Balance Results <br /> • Audited undesignated fund balance amounts for FY2024-25 <br /> — Does not represent fund balance appropriations made during FY2025-26 Year to Date <br /> — Chapel Hill-Carrboro City Schools -$294,028 -.3%of FY2024-25 actual expenditures <br /> — Orange County Schools $5,456,494 12.4%of FY2024-25 actual expenditures <br /> ORANGE COUNTY <br /> 24 NORTH CAROLINA <br /> Vice-Chair Fowler asked how the fund balance currently looks at CHCCS. <br /> Travis Myren said the district has done a lot of cost cutting and they will have an improvement in <br /> the next audit. <br /> Kirk Vaughn said because the raises won't be retroactive, both school districts held funds in <br /> reserve, so they will be adding to their fund balance. <br /> Commissioner Carter asked if we know what the fund balance currently is. <br /> Travis Myren said they are expecting several million dollars in CHCCS. He said for OCS, as Kirk <br /> Vaughn noted, there should be funds that roll into fund balance because of the raises that were not <br /> retroactive. <br /> Commissioner Bedford said that CHCCS is predicting $4.5 million in unassigned fund balance at <br /> the end of the fiscal year. <br /> Chair Hamilton clarified that the raises are not retroactive, and teachers got no raises last year. <br /> She said the average is 8%, but the raises will be front loaded to newer teachers, and how that will look is <br /> unclear. She confirmed that the County Manager will get back to the Board to see how that impacts their <br /> continuation budget request. <br /> Commissioner Carter asked how supplements for school staff are paid. <br /> Travis Myren said they are paid out of current expense and are ongoing expenses, so must be <br /> matched with revenues. <br /> Chair Hamilton said the state is paying a basic wage and the districts use the funds given to the <br /> county to determine the supplements that are given above the state's wage. She said usually it's a <br /> percentage of what the state gives. She said that that the school districts decide what the supplement <br /> schedule looks like, and the Board does not make that decision. <br /> Commissioner Greene said that the county won't know how to calculate the impact of the raises <br /> since they are more heavily weighted towards newer teachers, and the county doesn't have that <br /> information. <br /> Chair Hamilton said the districts will come back to the county with that information. She said the <br /> county doesn't fund the supplements and the schedules. <br />