HomeMy WebLinkAboutWA Budget Retreat PresentationWestlake Academy
Budget Retreat
“Continued Excellence in the
Face of Change”
June 09, 2011
Challenges
•Continued Focus on Enrollment Growth
–Completion of “Option B” Plan
•Continued Emphasis on Academic Excellence
–Class Size, Campus Facilities at capacity
•Reduction of Financial Resources
–State funding reduced by 8% in FY 11/12 & 12/13
•Declining Fund Balance
–Below 45 days in FY 12/13; depleted in FY 16/17
3/21/2013 WA Budget Retreat 2
Target Revenues
3/21/2013 WA Budget Retreat 3
Level of Service
Factors That Significantly Shape the Proposed
Budget:
•Compensation is the Largest Driver of Operating
Costs
•Transfer of the Town’s Indirect and Direct
Operating Costs into the WA Budget
•“Discretionary” Dollars are Limited
•WA Debt Service charged to the Municipal Budget
•Student Enrollment Drives Operating Revenues
3/21/2013 WA Budget Retreat 4
Target Expenditures
•Salaries include step increase only (approx.
1%) for FY 11/12 and FY 12/13
•3% annual increase thereafter
•3% growth in all other expenditures
•Transfer Indirect costs from Town to WA
beginning in FY 11/12
3/21/2013 WA Budget Retreat 5
Total All-In Costs
3/21/2013 WA Budget Retreat 6
$10,628
$11,930 $12,014
$12,305
$13,012
$13,865
$12,933
$11,464
$10,396
$9,000
$10,000
$11,000
$12,000
$13,000
$14,000
$15,000
FY 03/04 FY 04/05 FY 05/06 FY 06/07 FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12
General Fund Expenditures per Student
(Including Debt Service)