HomeMy WebLinkAboutBOT Budget Presentation 081511FY 2011/2012 Proposed Operating Budget
Reviewed with BOT on June 9, 2011
Westlake Academy
“Continued Excellence in the Face of
Change”
August 15, 2011
FY 2011/2012
• Proposed WA Operating Budget $ 5,334,446
• Proposed WA Operating Revenues $ 5,244,068
FY 2011/2012 Proposed Budget Requires the Use of
Fund Balance
Change in Westlake Academy Fund Balance
• Estimated Beginning Fund Balance 9/1/11 $760,220
• Estimated Ending Fund Balance 8/31/12 $657,002
Fund Balanced to Reduce from 52 to 45 Operating Days
Westlake Academy FY 11/12 Total Cost
• Operating Costs $ 5,334,446
• Debt Service Costs $ 1,498,450
Grand Total All WA Costs $ 6,832,896
Challenges / Opportunities
• Enrollment Growth
• Continued Emphasis on Academic Excellence
• Reduction of State Funding
• Heightened Importance of Blacksmith Campaign
• Declining Fund Balance
Changes from June 9th Budget Retreat
• Increased Blacksmith estimate from $500,800
($800 avg. per student) to $627,000 ($1,000
avg. per student)
• This covers most previously proposed, but unfunded,
Service Level Adjustments
• New Maint. Engineering position & budgeting ½
WAF Exec. Dir./Dir. of Development position
• Portable building site preparation cost increase
• No monies reserved in Fund Balance for technology
purchase & replacement
• Grant Awards from WA Foundation
Westlake Academy Foundation Grant Awards
1. Math Coach $ 35,000
2. Rosetta Stone $ 15,000
3. Technology Purchase $100,000
4. Professional Development $ 66,000
Total $216,000
Proposed Service Level Adjustments
• Fac. Mtce. & Operations Cost Increases $ 44,858
• Classroom/Instructional Supplies $ 34,784
• Employee Comp. & Benefits $ 24,716
• Rosetta Stone $ 15,000
• Indirect Operating Cost Payment $303 ,695
• New Positions $410,289
Grand Total $833,342
8.4 FTE’s - New Employees for FY 11/12
• MYP / DP Theater Arts
Teacher
• MYP / DP Humanities
Teacher
• MYP / DP Math Teacher
• MYP English Teacher
• MYP Student Counselor
• IT Tech
• Secondary SPED Aide
• Primary SPED Aide
• Technology Integration
Specialist
• Maint. Engineer
• Exec. Dir. WAF / Dir. of
Development
Proposed Vision Statement
Westlake Academy inspires students to achieve their
highest individual potential in a nurturing
environment that fosters the traits found in the IB
Learner Profile.
~Inquirers, Knowledgeable, Thinkers, Communicators,
Principled, Open-minded, Caring, Risk-takers,
Balanced, and Reflective~
Proposed Value Statements
• Maximizing Personal Development
• Academic Excellence
• Respect for Self and Others
• Personal Responsibility
• Compassion and Tolerance
Proposed Mission Statement
Westlake Academy is an IB World school whose
mission is to provide students with an internationally
minded education of the highest quality so they are
well-balanced and respectful life-long learners.
Desired Outcomes
• High Student Achievement
• Strong Parent & Community Connections
• Financial Stewardship & Sustainability
• Student Engagement & Extra-curricular Activities
• Effective Educators & Staff