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<br />Cabarrus County Schools <br />Funding Information <br />2005 - 06 <br /> <br />ISackground Informationl <br /> <br />State and local budgets are formulated each year based on projected average daily <br />membership (ADM). The projection is provided by the Statistical Research Section of <br />the N.C. Department of Public Instruction. <br /> <br />The State monitors the higher of the first two months of school to determine the <br />variation of actual versus projected ADM. If the variation exceeds 100 ADM, the State <br />will provide an adjustment to the funding levels for limited areas of operations (Le. <br />teachers, teacher assistants, instructional supplies, and textbooks). <br /> <br />12005 - 06 ADM Datal <br /> <br />Actual ADM (higher of first two months) <br /> <br />23,866 <br /> <br />State Projected ADM <br /> <br />I ncrease Above State Projection <br /> <br />23.342 <br />524 <br /> <br />ILocal Fundingj <br /> <br />Unprecedented growth also creates a problem on the local funding level as well. We are <br />faced with supporting 524 students which were not factored into our request and/or <br />County funding. We recognize that the County funding this year was based on <br />requested needs rather than the traditional ADM funding. However, to determine a <br />reasonable reflection of operational effect of the additional 524 students, we have used <br />the ADM funding level of the County for computational purposes. <br /> <br />County Per Pupil Funding Level <br /> <br />$1292.01 <br /> <br />Extra Students <br /> <br />524 <br />$677 .000 <br /> <br />Computed Funding Increase <br /> <br />Budget Information - address shortfall Feb 2006 <br /> <br />G~S <br />