BCS Advantage Magazine Special Edition #1 - Page 10

FINANCIAL The cost of public education in North Carolina is financed primarily by the state, which provides resources to implement a North Carolina Standard Course of Study. Local funds may supplement the basic educational program and are appropriated by local Boards of County Commissioners. The BCS Board of Education has no tax levying or borrowing authority and is required to maintain accounting records in a uniform format. The Comprehensive Annual Financial Report (CAFR) is available at finance.BuncombeSchools.org. THE DISTRICT’S 2016-2017 BUDGET, INCLUDING OPERATIONAL, CAPITAL, AND CHILD NUTRITION FUNDING IS: State Public School Fund $139,741,052 Local Current Expense Fund $64,948,518 Federal Grants Fund $17,962,124 Capital Outlay Fund $16,601,490 Child Nutrition Fund $13,680,439 Other Specific Revenue Fund $7,538,495 Total Budget $260,472,118 OPERATING BUDGET RESOURCES: TOTAL BUDGET – State (57%) Instructional Services make up almost three-fourths of the total budget, even when the Capital Outlay Fund and the Child Nutrition Fund are included. If Child Nutrition Fund is taken out of the equation, Instructional Services makes up 75% of the total budget. – Local (27%) – School Nutrition (6%) – Federal (7%) Programs • Services Academics • Athletics • Arts Human Resources • Budgets SPENT ON HUMAN Global Educ RESOURCES ation and • Di benefits, gital Learning (salaries capital outlay) S.T.E.M. • Tra excluding nsporta tion • Nutrition Graduation • Purpose & Direction – Other Specific Revenue (3%) (excluding capital outlay) 84% 8,579 $ 8 PER PUPIL EXPENDITURE FOR 2015-16 excluding school nutrition Ancillary Services 5% Non-programmed Charges 4% Major Capital Projects 4% System- wide Support Services 16% Instructional Services 71% BuncombeSchools.org