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