School Capital Fund Commission July 9, 2018 Welcome & - PowerPoint PPT Presentation

School Capital Fund Commission July 9, 2018

Welcome & Introductions

Senate Bill 888 GENERAL ASSEMBLY NORTH CAROLINA SESSION 2015 SESSION LAW 2016-19 SENATE BILL 888 AN ACT TO AMEND THE BUNCOMBE COUNTY SCHOOL CAPITAL FUND COMMISSION

• Amends law from 1983 • Article 39 sales tax revenue only • Allocation no longer based on ADM • For public school capital needs in excess of $100,000

Appointment of 5 th Member

Current Appointments • Max Queen – Board Member, BCS Buncombe County Buncombe County Schools Representative Schools Representative • Charlotte Sullivan – Executive Director of Finance, ACS Asheville City Asheville City School Representative School Representative • Brownie Newman – Vice Chair, BOCC Buncombe County Appoint Buncombe County Appointed Representative d Representative • Ellen Frost – Board Member, BOCC Buncombe County Buncombe County Appoint Appointed Representative d Representative • 5 th Member SCFC Appoint SCFC Appointment ent

SCFC By-laws

Current Obligations

Meetings & Dates

Proposed Funding Award Schedule Goals: Commission Business & Admin. 2 opportunities to award prior to summer • Financial Update/Presentation of Requests Awards are for next school year • (Ex. Awards made for projects with construction SCFC Funding Recommendation beginning in following school year) BoCC Funding Award Financial update every 6 months with presentations • School Sch ol Year Year 2018 2018 Summ Summer er 2018/19 2018/19 Sch chool Year 2019 Year 2019 2018 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 1 1 School Sch ol Year Year 2019 2019 Summ Summer er 2019/20 2019/20 Sch chool Year 2020 Year 2020 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 2 2 2

Contact Information Eric Hardy Interim Director of Finance Eric.Hardy@buncombecounty.org 828.250.4811