At 5:45PM, Superintendent Keith Price presented at the public hearing on the FY25 NCCUSD District Budget. The starting fund balances for FY25 were presented and reported as in very good condition. Keith Price stated that the major component of the FY25 budget was the planned completion of what is known as Phase 2 of the renovation and addition building project. Budgeted revenue highlights included: State revenue, or otherwise known as Evidence Based Funding, of approximately $3.4 million dollars, which is a $27,952 increase over last year’s state revenue. The amount of increase is due to the district’s status of Tier 2 in Evidence Based Funding. Anticipated Local revenue for FY25 is $2.3 million, with approximately half of that being generated through the Ed Fund levy. Other budgeted revenues include the Title I, II and IV grants, the PreK grant, the Teacher Vacancy Grant and the Teacher Pathway Grant. Superintendent Price also announced that the district will be seeking to apply for the FY25 School Project Maintenance Grant, which is a $50,000 matching grant. A significant grant, ESSER III, which is funding that came out of the COVID-19 pandemic, is closing out during FY25. This $1.33 million dollar grant was utilized primarily to fund what was known as Phase 1 of the building projects which included the new roof and HVAC replacement project for the elementary building. Of the major “operating funds” of Education, Operations and Maintenance and Transportation, approximately 82% of all district spending for FY25 is allocated towards the Education Fund, which includes cost of all curriculum, student activities and programing, classroom materials, supplies and equipment and district staff salaries and benefits. Other budgeted expenditure highlights for FY25 include: the purchasing of 3 new buses, new video scoreboard for the new gym and weight room equipment which was funded in part with a donation to the district. The final item discussed was the abatement of the Working Cash fund for a transfer to the Capital Projects fund for the purpose of completing the funding for the Phase 2 renovation and addition project.