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AG 2006 03 20
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AG 2006 03 20
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Last modified
5/23/2014 12:34:48 PM
Creation date
11/27/2017 11:32:44 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/20/2006
Board
Board of Commissioners
Meeting Type
Regular
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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 3/20/06 <br /> <br />Agenda Item # G- 5 <br /> <br />SUBJECT: <br />Public School Additional Capital and Operating Request <br /> <br />BRIEF SUMMARY: <br /> <br />Due to an increase in the number of students in the Cabarrus County Schools (524 <br />students) and the Kannapolis City Schools (99 students) for the Fiscal Year 2006, the two <br />school systems are requesting additional funding. The total amount requested by the <br />Cabarrus County Schools is $677,000 and the total amount requested by the Kannapolis <br />City Schools is $127,910. Pursuant to G.S. 115C-430, if there is more than one school <br />unit in a county all current expense funding must be appropriated equitably based on <br />ADM. Details of the requests are attached for your information. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda Item as presented) <br /> <br />Consider request. <br /> <br />Attachments 1&1 Yes D No Expected Length of Presentation 10 minutes <br /> <br />Submitted By: Pamela S. Dubois/Deputy County Manager Date: 3/3/06 <br /> <br />Name / Job Title <br /> <br />Budget Amendment Required: 1&1 Yes D No <br />Budget Amendment Attached and Reviewed by Budget Officer: DYes 1&1 No <br /> <br />County Manager"s Recommendations/Comments: <br />There are two sources to fund these requests: 1 )The county's fund balance and, 2) the <br />schools' fund balances. The Local Government Commission does not recommend a <br />minimum level for school system fund balances, as it does for cities and counties (8%). <br />School systems receive 1/12 of their funding at the beginning of each month, thus <br />eliminating the need for carrying significant fund balances. <br /> <br />I recommend that the school systems use their fund balances to meet additional needs they <br />might have this year. Kannapolis has a fund balance of 15%, Cabarrus has 70 . Please see <br />attached email from Sara Shippee of the Local Government issi n. <br /> <br />Manager"s Signature <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Defetred [] <br />other [ ] <br /> <br /> <br />G-s <br />
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