I. Introduction Situated in the heart of North Carolina, the Town of Chapel Hill is located in Orange County (and part of Durham County), and dubbed the “Southern Part of Heaven” (Town of Chapel Hill, 2014). Serving home to the University of North Carolina at Chapel Hill, along with UNC Health Care and UNC Children’s Hospital, it is the 16th largest municipality in North Carolina, with an assorted population of over 58,424 residents (Chapel Hill Community Overview, 2014). The Town of Chapel Hill is a vibrant mix of college-aged students and younger families within the area. The demographics of the town provide to the town’s financial health, along with the region’s fiscal economy. With a major hospital and one of the best public schools in the state and country, much of the growth within the town can be attributed to employment opportunities, medical research, and the diversity in students that the university attracts. The town has seen strong population growth over the past 20 years, growing over 40% with 25% between 1990 and 2000, and 12.4% between 2000 and 2010 (Chapel Hill Community Overview, 2014). The following report is an analysis of the financial condition of the Town of Chapel Hill, and focuses primarily on the General Fund. The analysis draws upon the information given by the 2010-2011, 2011-2012, & 2012-2013 Budget Documents, as well as the 2008-2009, 2009-2010, 2011-2012, 2012-2013 Comprehensive Annual Financial Reports (CAFR). This paper provides an overview of the governance structure and the organizations who are responsible for fiscal supervision. Also covered are the cash solvency, budgetary solvency, and long-term financial condition. The conclusion will discuss the implications of Chapel Hill’s fin... ... middle of paper ... ...chapelhill.org/Modules/ShowDocument.aspx?documentid=21487 Budget Budget 2013-2014. http://www.townofchapelhill.org/Modules/ShowDocument.aspx?documentid=20969 Chapel Hill Community Overview, 2014. The Town of Chapel Hill – Residential Market Study. Retrieved from: http://www.ci.chapel-hill.nc.us/Modules/ShowDocument.aspx?documentid=9018 Mayor Comments for Council Committee on Economic Development (2011). Economic Development- Town of Chapel Hill. Retrieved from; http://www.ci.chapel-hill.nc.us/Modules/ShowDocument.aspx?documentid=9796 Financial Statements (2014). Town of Chapel Hill. Retrieved from: http://www.townofchapelhill.org/index.aspx?page=163 Mayor K. http://www.townofchapelhill.org/index.aspx?page=97 Business Management (2014). Finance Deparment – Town of Chapel Hill. Retrieved from: http://www.townofchapelhill.org/index.aspx?page=69
1. I am asked to compute the before-tax Net Present Value or NPV of a new ski lift for Deer Valley Lodge and advise the management there of the profitability. Before I am able to make this calculation there are a few calculations that I will need to make first. First the total amount of the investment, this will be the cost of a lift itself $2 million plus the cost of preparing the slope and installing the lift $1.3 million.
The financial status of the General Fund and the Street Fund seem to be in descent shape. The General Fund has a balance of $2,147,373. The General Fund was mention in the transmittal letter, which the city administrator and treasurer both stated that they hope to keep the fund at 25% of the operating expenditures to help prevent the city from any adverse economic conditi...
Since the 1980’s the cost of attending colleges have increased rapidly. Rising costs of for Medicare, highways and prisons have caused many states to reduce a percentage of their budget for higher education. Colleges and Universities currently face a very serious challenge:
The decision to do away with the long-standing community was reflected in academic studies and city-commissioned planning reports as a means t...
“When schools, parents, families, and communities work together to support learning, students tend to earn higher grades, attend school more regularly, stay in school longer, and enroll in higher level programs.” (Van Roeckel, 2008, p. 1) Deer Valley High School in Glendale, AZ is the first high school built in the Deer Valley Unified Scholl District, and with a population around 1800 students, the high school is one of the bigger schools in the state. It has a tradition of family on its’ campus, where there are still teachers teaching that were there when the school opened in 1980. A number of former students have become new teachers on campus and just about all the teachers’ children have attended and graduated from the campus. With a school like ours, there are many connections to the community around it and it is demonstrated by the programs that bring in parent and community to help with the development of our students. There are numerous booster clubs run on our campus to help support student achievement on the sports fields, a school to work programs to teach the students necessary skills in different areas of either nursing, sports medicine classes, and in the culinary arts classrooms, and funding to our school to help ensure all students graduate on time. There are many programs on our campus, but I will discuss four of the programs: baseball booster club, C2G program, “school-to-work”, and the special education program sponsored by Arrowhead Hospital. These programs are designed to improve the relationships between the campus and the people in the community, and give all students on campus every opportunity to succeed in their future.
Allan and Davis mention the spike of college cost since 1995 has increased by 150 percent; student debt has increased 300 percent since 2003, and with education, second to the mortgage industry in the nation’s debt, America needs to redirect their attention to the future and focus on education (Allan n. pg). Budget cuts from national to state
In 2001, Salem Telephone Company created a subsidiary, Salem Data Services (SDS). The intent of creating SDS was to provide a revenue stream to subsidize the telephone operations and alleviate the need for a rate increase. Unfortunately, after 3 years, SDS has not met profit expectations. In fact, SDS continued to experience losses at the rate of $40-$45k per month making it necessary to reassess operations. While providing services to both internal and external customers, SDS found that their computer system had surplus capacity to support additional commercial sales. Based on the amount of unsold monthly computer hours, Salem Data has about $190k of revenue potential from the commercial sales. With increasing pressure from shareholders and record low financial performance, Salem Telephone reexamined the current business model for SDS. However, Salem Data’s ability to reduce costs is limited based on 91% of expenses being fixed presents a challenge to overcome losses. The following analysis is an overview of performance, assessment of costs and estimates for possible effects of increasing profits concluded by a future recommendation for Sales Data Services.
The price of a four year institution has soared over three hundred percent in the past twenty-five years or so. We would have to factor in general inflation numbers in order to figure out the real significance. After that, we see that in those twenty-five years, tuition has risen at a rate of two to four times that of the national inflation. That has not been the case with college, however, as enrollments only continue to go up. Ultimately this means that families are paying for a luxury they can no longer afford with money they don’t have. Families are looking at an expense that is thirty-eight
When the time comes to talk about college, a large number of questions arise. Although many come forward, the first question is if college is even affordable. The main problem families’ face is the difficulty to pay for college, especially with the current economy’s condition. Patrick Callan, president of the National Center for Public Policy and Higher Education, states “Given the financial hardship of the country, it’s simply astonishing that colleges and universities would have this kind of increases” (Lewin). What if a young adult has a dream to attend a certain university in a different state? Residency regulations cause the cost of out-of-state schools to raise tuition to almost three times the cost of in-state; however, this alters many students’ decisions on where to attend college. While personally experiencing this problem, I was forced to go to an in-state school instead of following my dream and attending Auburn University. ...
United States. Census Bureau (1999) Statistical Abstract of the United States. Retrieved February 8, 2001 from the World Wide Web: http://www.census.gov/prod/99pub/99statab/sec31.pdf
U.S. Census Bureau (2003). 2003 American Community Survey data. Retrieved April 10, 2005 from: http://factfinder.census.gov/servlet/ACSSAFFPeople?_event=&geo_id=01000US&_geoContext=01000US&_street=&_county=&_cityTown=&_state=&_zip=&_lang=en&_sse=on&ActiveGeoDiv=&_useEV=
My group’s aggregate is in East Side Community of Buffalo, NY. For this assignment, a windshield survey of East Side Community was completed. The windshield survey is an assessment of the community through my personal observations. This survey will include an assessment of four categories. These consist of the physical aspects, economical standings, services provided, and social aspects of the community. In addition to the windshield survey, local census data was collected. Below are east side community’s results and local census data findings.
A college education has become the expectation for most youth in the United States. Children need a college education to succeed in the global economy. Unfortunately for the majority of Americans the price of an education has become the equivalent to a small house. The steep tuition of a college education has made it an intimidating financial hurdle for middle class families. In 1986-1987 school year the average tuition at a private university was $20,566 (adjusted to 2011 dollars) while in 2011 the average cost was $28,500 for an increase of 38.6%. Similarly in public universities there has been an increase in tuition: in the 1986-1987 school year the average tuition at a public university was $8,454 (adjusted to 2011 dollars) while in 2011 the average cost was actually $20,770 for an increase of 145.7%. Most families who are able to save for college try to do so, therefore their children are not left with large amounts of debt due to loans. Nevertheless, families are only able to save on average around $10,000, which is not enough to pay for a full educ...
College tuition will be the bane of certain student’s existence in the near future but it was not always this way. For quite a length of time, people did not pay much for their college degrees. However, in today’s day-of-age that is not nearly the case. A large portion of people are realizing that tuition is very unreasonable and want to change it to be more affordable. While researching college tuition I found not only that I was right about tuition being too high, but I also found that it has inflated more than I assumed it had. Since 1975 to now, tuition has increased by roughly four times the original amount at a four year university.
Discounted Dreams: High Hopes and Harsh Realities at America’s Community College. Prod. John Merrow. PBS Home Video 2007. DVD.