Browse
Search
Agenda - 12-13-1999 - 1
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
1990's
>
1999
>
Agenda - 12-13-1999
>
Agenda - 12-13-1999 - 1
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/18/2008 11:35:01 AM
Creation date
9/18/2008 11:33:40 AM
Metadata
Fields
Template:
BOCC
Date
12/13/1999
Meeting Type
Schools
Document Type
Agenda
Agenda Item
1
Document Relationships
Minutes - 19991213
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\1990's\1999
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
20
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Education Funding in Orange County <br />Current Expease Funding Alternatives <br />In order to maintain consistency between the funding formulas, staff made the following assumptions: <br />• Total education funding consists of the following components: debt service, current expense, <br />recurring capital, long range capital, and capital reserves. <br />• All models hold the school districts "hazmless" far new students. In other words, special <br />consideration is given to ensuring that there will be no decrease in per pupil funding from yeaz-to- <br />yeaz. <br />• Staff used the past yeaz growth in student enrollment as the base for the next ten yeazs. Student <br />enrollment projections from the North Cazolina Department of Public Instruction will not be available <br />until the week of August 30, 1999. <br />• The 1999-2009 Capital Investment Plan did not include major projects that would require additional <br />debt obligations. Therefore, none of the following models includes additional .debt service <br />requirements. <br />Listed below aze funding options that staff has explored Appendix A provides a comparison of all models <br />outlined below. <br />Model l <br />This model, similaz to the formula used by Chatham and Pitt counties, increases the. per pupil <br />appropriation by the annual increase in the Consumer Price Index (CPI). (In Chatham County, if the CPI <br />is less than three percent, schools aze guazanteed a three percent increase.) This amount is applied to the <br />projected student enrollment. <br />Figure 6. FY 20(10-O1 Funding Example if Model l Used <br />Orange County Example <br />1999-00 Total General Fund Per Pupil Appropriation $3,160 <br />Guazanteed CPI 3.00% <br />2000-01 Per Pupil Appropriation $3,254 <br />Enrollment Projections 15,705 <br />The following questions related to the Consumer Price Index (CPn would need to be addressed before <br />this model is implemented: <br />• What CPI source would be used? <br />• What period of time would be used {Januazy to December, July to June, October to September)? <br />The following chart graphically illustrates the future trend of school funding in Orange County if the <br />Boazd selected Model 1 (assumes the guazanteed three percent increase). <br />Page S of 9 <br />
The URL can be used to link to this page
Your browser does not support the video tag.