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HomeMy WebLinkAboutWestlake Academy Academic Budget Overview (2)Westlake Academy Academic Services Budget Overview FY 2010/11 Strategic Planning/Budget Schedule •January 2010 – Present Strategic Plan •February 1, 2010 – Discuss with BOT a broad overview of WA’s 2010/11 Academic Budget –Early input from staff –Financial forecast •March 2010 – Collect SLA’s •April 2010 – Compile SLA’s / Conduct Parent Survey •May 2010 – Prepare Draft Budget Document •June 2010 – BOT Strategic Planning Retreat •August 2010 – BOT Adoption of WA FY 2010/11 Budget 4/5/2013 2 BOT Meeting Budget Snapshot Academic Services Budget 66% Municipal Funded Direct Operational Costs 4% Municipal Funded Indirect Operational Costs (Support Services) 6% Annual Debt Service Payment 24% BUDGET SNAPSHOT 4/5/2013 3 BOT Meeting Fiscal Year 09-10 Adopted Academic Services Budget $ 4,057,713 Municipal Funded Direct Operational Costs 248,638 Subtotal Direct Operation Expenditures 4,306,351 Municipal Funded Indirect Costs (Support Services) 339,469 Subtotal All Operating Costs 4,645,820 Annual Debt Service Payment 1,499,751 Grand Total $ 6,145,571 Budget Snapshot 10% 3% 3% 84% Blacksmith Revenue $420,000 Federal Revenue $119,976 Local Revenue $135,464 State Revenue $3,637,109 REVENUES 76% 12% 6% 5% 1% Payroll & Related $3,090,575 Contracted Services $506,290 Supplies & Materials $234,205 Other Operating $184,643 Debt Service/Lease $42,000 EXPENDITURES 4/5/2013 4 BOT Meeting Financial Forecast •See handout (Five Year Forecast) •Revenues are flat •Increasing expenditures 4/5/2013 5 BOT Meeting Staff Input (First Round SLAs) Summary FY 2010/11 Equipment/Supplies $ 169,226 Technology $ 44,150 Sub-Total $ 213,376 Primary Personnel $ 175,000 Secondary Personnel $ 468,000 Sub-Total $ 643,000 Grand Total $ 856,376 See handout WA SLA Summary 4/5/2013 6 BOT Meeting Census of Students 55% 19% 17% 9% Keller ISD Carroll ISD Northwest ISD Other ISD's 32% 68% Westlake Residents Students Residing Outside of Westlake 4/5/2013 7 BOT Meeting Census of Students 4/5/2013 8 BOT Meeting 2% 8% 90% Town Staff Children School Staff Children Open Enrollment Children 34 39 37 39 44 40 40 41 39 39 35 36 24 K G1 G2 G3 G4 G5 G6 G7 G8 G9 G10 G11 G12 0 20 40 60 Enrollment Levels 4/5/2013 BOT Meeting 9 0 100 200 300 400 500 2003-2004 1-6 2004-2005 K-7 2005-2006 K-8 2006-2007 K-9 2007-2008 K-10 2008-2009 K-11 2009-2010 K-12 195 264 324 346 379 417 473 (Actual – 487) Total Students Parent Survey 4/5/2013 BOT Meeting 10 Discussion of Alternatives Affecting Course Offerings •Current schedule •Traditional schedule •A/B Block schedule 4/5/2013 11 BOT Meeting Block Scheduling •What is a block schedule? •Why go to a block schedule? –Technology (RSCCC) –Time Slots –Supports IB Curriculum 4/5/2013 12 BOT Meeting Block Schedule Options •Transforms current schedule to block –More efficient facility usage –Does not affect PYP/Flag –Equalizes teacher student contact hours –Enhances AP offerings •Similar to Option A; expands IB course offerings –Makes us more competitive –More student choices; the ability to tailor –Improved sequencing of courses –Requires additional students and teachers –Uses existing facilities Option B Option A 4/5/2013 13 BOT Meeting Potential New Course Offerings (Requires 5 additional teachers) MYP •French •Theater •Art •Athletics •Band DP •Physics •IB Physics •IB Environmental Systems •IB French •IB Theater •IB Mathematics HL •Athletics •IB Music 4/5/2013 BOT Meeting 14 Increase in Student Population (Required for Option B) Grade 2009 Sibling Waiting List 2009 Open Enrollment Waiting List KG 167 G1 3 89 G2 3 90 G3 4 96 G4 2 71 G5 4 75 G6 3 73 G7 10 69 G8 9 49 G9 1 28 G10 1 23 G11 14 Totals 40 844 4/5/2013 BOT Meeting 15 Grade Grade Size Change (Negative) KG 32 - G1 34 - G2 39 - G3 37 - G4 39 - G5 44 - G6 40 - G7 54 14 G8 54 13 G9 54 15 G10 54 15 G11 54 19 G12 54 18 Totals 589 94 Financial Impacts of Option B 4/5/2013 16 BOT Meeting Adopted Budget Estimated Budget Estimated Budget FY 09/10 FY 10/11 FY 11/12 Local & Intermediate Sources Blacksmith Apprentice Program $ 420,000 $ 553,813 $ 570,738 Investment Earnings 6,750 6,750 6,750 Lunchroom Revenues 8,600 8,600 8,600 Other Local Sources 90,400 75,858 75,858 Athletic Activities Income 45,189 48,006 48,006 Total Local & Intermediate Sources 570,939 693,027 709,952 State & Federal Revenues Foundation School Program 3,443,120 4,287,331 4,418,353 TRS – On-Behalf Payments 174,285 174,285 174,285 Federal Revenue 119,976 56,625 58,324 Total State Revenues 3,737,381 4,518,241 4,650,962 TOTAL REVENUES $ 4,308,320 $ 5,211,268 $ 5,360,914 Financial Impacts of Option B 4/5/2013 17 BOT Meeting Adopted Budget FY 09/10 Estimated Budget FY 10/11 Estimated Budget FY 11/12 Expenditures by Object Code Payroll and Related Items $ 3,090,575 $ 3,458,292 $ 3,562,041 Contracted Services 486,550 501,147 516,181 Supplies & Materials 259,695 267,486 275,510 Other Operating 178,893 184,260 189,788 Debt Service 42,000 43,260 44,558 TOTAL EXPENDITURES $ 4,057,713 $ 4,454,444 $ 4,588,078 Financial Impacts of Option B 4/5/2013 18 BOT Meeting Adopted Budget FY 09/10 Estimated Budget FY 10/11 Estimated Budget FY 11/12 Summary of Impact Total Revenues $ 4,308,320 $ 5,211,268 $ 5,360,914 Total Expenditures 4,057,713 4,399,444 4,531,428 GRAND TOTAL $ 250,607 $ 811,824 $ 829,486 Possible Uses of Additional Revenues •Debt servicing •Capital replacement fund •Set aside funds towards new or expanded facilities •Expanded curricular and extra-curricular activities 4/5/2013 BOT Meeting 19 Next Steps •More detailed analysis needed –Sequencing and coordination –Develop mock schedule •Board Direction – Should we invest staff resources into pursuing Option B? 4/5/2013 20 BOT Meeting