2007-08 Adopted Plan - Wake County Public School System

Growth RequestsInitiative: Oil, Fuel, Tires, and Bus Parts and SuppliesCurrent Funding Formula:The mileage driven last fi scal year for school buses was 15,291,182miles. The addition of new schools for 2006-07 is estimated to addan additional 451,685 or a three percent increase. This three percentmileage increase will be used as part of the projected increase in oil,tires, and fuel cost.Tires, Parts, and Fuel were all reduced by the projected TD-19 Statereimbursement formula.Code: 01.6550.056.414.0225.0980 - Oil15,742,867 x 1.03 = 16,215,153 miles16,215,153/6000 x 32 qts. x 1.25 = $108,101Code: 01.6550.056.415.0225.0980 – Tires16,215,153/20000 = 811(recaps)16,215,153/25000 = 649 (new tires)811 x 4 recaps x 129.35 = $419,611*649 x 2 new x 235.62 = $305,534*An increase in cost of tires is expected in fi scal year 2007-08 due to the factthat fewer tires will be bought in 2006-07. This is due to the purchase of 76 newschool buses. It is the common practice to remove new tires from the rear of newbuses and replace with recaps. This reserve of new tires will be exhausted thiscurrent fi scal year. This has also allowed Wake County Public School System(WCPSS) to have tires readily available for unexpected repairs and not beadversely affected by the current tire company strike.Code:01.6550.056.417.0225.0980 – Fuel**16,215,153/6.6 x $1.97 = $4,839,977This percentage ratio is being used to divide the budget between Stateand Local dollars.2007-08 Amount CodePurchase of Oil, Fuel,Tires, and Bus Parts andSupplies2008-09Purchase of Oil, Fuel,Tires, and Bus Parts andSupplies2009-10$ 17,15881,464230,679103,062$ 432,363 State10,5009,1866,541$ 26,227 LocalTotal: $ 458,590$ 25,51120,965145,19911,561180,168$ 383,404 State10,81510,0137,129$ 27,957 LocalTotal: $ 411,361Oil 01.6550.056.414.0225.0980Tires 01.6550.056.415.0225.0980Fuel 01.6550.056.417.0225.0980Parts 01.6550.056.416.0225.0980Fuel 02.6550.706.417.0225.0980Supplies 02.6550.706.412.0225.0980Parts 02.6550.706.416.0225.0980Oil 01.6550.056.414.0225.0980Tires 01.6550.056.415.0225.0980Fuel 01.6550.056.417.0225.0980Supplies 01.6550.056.412.0225.0980Parts 01.6550.056.416.0225.0980Fuel 02.6550.706.417.0225.0980Supplies 02.6550.706.412.0225.0980Parts 02.6550.706.416.0225.0980**Fuel costs are in constant fl ux. It is expected that costs will rise during thecurrent fi scal year. Request is being lowered by expected reimbursementthrough TD-19 of $124,000.Implementation Timeline & Budget Needed:It is estimated that $7,841,104 (71 percent) will be covered by Statedollars. The remaining balance of $3,287,641 (29 percent) will be paidfrom local dollars.Purchase of Oil, Fuel,Tires, and Bus Parts andSupplies$ 4,00921,611149,55612,602196,384$ 384,162 StateOil 01.6550.056.414.0225.0980Tires 01.6550.056.415.0225.0980Fuel 01.6550.056.417.0225.0980Supplies 01.6550.056.412.0225.0980Parts 01.6550.056.416.0225.0980226