BCS Advantage Magazine Special Edition #1 | Page 11

REVENUE SOURCES:
State Public School Fund Allotments
$ 139,741,052
Other State Funding
$ 442,443
Federal Grants Fund Allotments
$ 17,962,124
Other Federal Funding
$ 12,092,196
County Appropriation
$ 58,503,679
Other Local Revenue
$ 23,386,446
Appropriated Fund Balance
$ 8,344,178
Total
$ 260,472,118
TOTAL REVENUE
Other Federal Funding 5 %
Other Local Revenue 9 %
Appropriated Fund Balance 3 %
Other State Funding 0 %
Federal Grants and Fund Allotments 7 %
County Appropriation 22 %
State Public School Fund Allotments 54 %
THE BUNCOMBE COUNTY SCHOOLS FOUNDATION( BCSF) was established in 1984 to assist the Buncombe County School System with needs that cannot be met through regular funding methods. The Foundation makes continual efforts to provide money and in-kind donations for innovative and creative programs, student scholarships, teacher development and additional teacher requests that otherwise may not be funded. The BCS Foundation provides the tax credit for our donors.
The BCSF has three major initiatives for funding: They are Classroom Grants, Student Scholarships for graduating seniors, and a character development initiative called The Leader in Me.
BCSF gives over $ 200,000 per year to BCS graduates. In addition to this significant scholarship program, in the 2015-16 school year alone, BCSF also awarded over $ 150,000 in classroom and innovative education grants and over $ 50,000 to support The Leader in Me in schools throughout the system’ s six school districts.
9