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1793 <br /> Office of the County Manager <br /> ,i <br /> December 19, 2016 <br /> To: Board of County Commissioners <br /> From: Pamela S. Dubois, Senior Deputy County Manager <br /> Subject: School ADM and Contingency Allocation <br /> Each year the school systems receive their funding based on average daily membership (ADM) supplied <br /> to the County every April. These figures are used to allocate the new monies requested by the school <br /> districts. At the end of the budget process, all funds are balanced based on ADM. When reconciling this <br /> year, the loss of 100 students in Kannapolis City Schools and the increase of 591 students in Cabarrus <br /> County Schools resulted in a .004 percent change in the ADM split. This caused a required redistribution <br /> of funds in the amount of$275,000. This redistribution is required by NCGS 115C-430. Kannapolis City <br /> Schools was notified of this required reallocation in November 2016. <br /> The second part of this request is to complete the funding transfer from contingency($980,000) and the <br /> reallocated funds of$275,000, totaling $1,255,000 to Cabarrus County Schools (CCS). CCS waited for <br /> the second month charter school count before pursuing these funds. These numbers were received in <br /> mid-November. CCS had an increase of 277 more students at the current ADM amount of$1,911 totaling <br /> $529,347. CCS will provide a list to the County for the use of the remaining $725,653 <br /> 65 Church Street SE(28025)•P.O.Box 707 Concord, NC 28026-0707 <br /> Phone: 704.920.2100•Fax:704�itaoh2meot number 1 \n <br /> Website:www.cabarruscounty.us <br /> F-5 Page 52 <br />