HomeMy WebLinkAboutWA Budget Presentation 08-07-17Westlake Academy * 2600 Ottinger Road * Westlake, Texas 76262
www.westlakeacademy.org
ENGAGE ...EXPLORE...EMPOWER!
is the MATHEMATICS
TECHNOLOGY
SPANISH BIOLOGYENGLISHCHEMISTRYPHYSICSHUMANITIESMUSIC AND THE ARTS
Increased student achievement
Purchased new computers for teachers and repurposed
current teacher laptops for student use
Leased new iPads for students (continuation of 1-to-1 device
initiative)
Transformed a portable classroom into a life skills
classroom
Increased costs related to legal fees, student counseling
services and student transportation
08/07/2017 Proposed Budget FY17/18 2
Decreased FTEs (from 95.31 to 95.05)
Prepared budget document
according to BOT policies
Maintained consistent funding
through WAF
The amended budget projects
fund balance to be 41 operating
days
08/07/2017 Proposed Budget FY17/18 3
Increase student achievement
Increase teacher instructional pedagogical skills
Continue to build a highly effective leadership team with
strong instructional leadership expertise
Increase open, multi-directional communication
Continue the efficient use of Town and WAF contributions
08/07/2017 Proposed Budget FY17/18 4
508/07/2017
VARIANCES FROM COUNCIL RETREAT FOR FY 16-17 AMENDED EXPENDITURES
$ 21K Contracted Services (Increase for student counseling services and legal
fees)
$ 24K Other Operating Costs (increase in bus rentals for student
transportation)
$ (50)K All Expenditure Categories (decreased to offset the reduction of state
funding due to change in student count from 866 to 830)
$ (5)K TOTAL CHANGES TO AMENDED FY16/17 EXPENDITURES
Proposed Budget FY17/18
608/07/2017
VARIANCES FROM COUNCIL RETREAT FOR FY 17-18 PROPOSED EXPENDITURES
$ 56K Payroll & Related (2% salary increase after Retreat; total overall payroll
will decrease by .17% )
$ (2)K Contracted Services (contracted services vs Strings Program)
$ 21K General Supplies (increase cost for printing and Maintenance &
Operation supplies)
$ (33)K Other Operating Costs (position changes in Administration decreased
travel budgets)
$ 42K TOTAL CHANGES TO PROPOSED FY17/18 EXPENDITURES
Proposed Budget FY17/18
08/07/2017 Proposed Budget FY17/18 7
Amended Proposed $ Increase % Increase
FY 2016/17 FY 2017/18 (Decrease)(Decrease)
Total Revenues 8,227,963$ 8,584,100$ 356,137$ 4%
Total Expenditures 8,360,471 8,322,199 (38,272) -0.458%
Other Resources 117,090 60,000 (57,090) -49%
Other Uses (60,000) (60,000) - 0%
Excess Revenues Over(Under) Expenditures (75,418) 261,901 337,319 -447%
FUND BALANCE BEGINNING 1,072,464 997,046 (75,418) -7%
FUND BALANCE ENDING 997,046 1,258,947 261,901 26%
Assigned 48,090 39,090 (9,000) -19%
FUND BALANCE ENDING (Unassigned)948,956$ 1,219,857$ 270,901$ 29%
# Days Operating (Based on 365)41 54 12 29%
Daily Operating Expenditure 22,905 22,801 (105) 0%
Students Enrolled 830 856 26 3%
TEA Funding per Student 7,382$ 7,646$ 264$ 4%
Operating Cost per Student 10,073$ 9,722$ (351)$ -3%
Teachers 65.55 65.59 0.04 0%
Student/Teacher Ratio 12.66 13.05 0.39 3%
Budget Book: page 11
For FY 17/18,
State funding
will make up
76% of all
General Fund
Revenues.
08/07/2017 Proposed Budget FY17/18 8
Budget Book: page 52, 58-60
State Revenue
WAF Blacksmith
Athletic Activities
Transportation/Parking
WAF Salary Reimbursement
WAF Fund-an-Item
Other Local Revenue
Food Services
Interest Earned
TOW Facility Contribution
TOW Operating Contribution
State Revenue 76%
TOW Contribution 4%
08/07/2017 Proposed Budget FY17/18 9
Budget Book: page 52 (state funding), page 59
Foundation
Sch Funds
88%
Available
Sch Funds
3%
Career &
Tech
9%
State Revenue
Sources
FY 12/13
Actual
FY 13/14
Actual
FY 14/15
Actual
FY 15/16
Actual
FY16/17
Adopted
FY16/17
Amended
FY 17/18
Proposed
$6,713 $6,980 $7,157 $7,285
$5,544 $5,955 $5,852
$1,698 $1,427 $1,794
FSP/CTE Funding per Student
CTE
FSP
Total FSP $7,646
Blacksmith revenues represent approximately 12% of the
Academy’s total revenue.
These dollars are used to bridge the funding gap between
State Funding for charter schools in comparison to local ISDs.
08/07/2017 Proposed Budget FY17/18 10
$822
$899
$1,046
$933
$1,000 $1,025 $1,000
FY 12/13
Actual
FY 13/14
Actual
FY 14/15
Actual
FY 15/16
Actual
FY16/17
Adopted
FY16/17
Amended
FY 17/18
Proposed
Budget Book: page 50, 53
Operating Revenues $ 8,584,100
4% increase of $356,137 from FY16/17 Amended from a combination of
higher enrollment and CTE funding.
Operating Expenditures $ 8,322,199
0.458% decrease of $38,272 from FY16/17 Amended
Excess Revenues over/(under) Expenditures $ 261,901
08/07/2017 Proposed Budget FY17/18 11
Budget Book: page 58
FY16/17 Amended $ 997,046
Ending Fund Balance (unassigned)
FY17/18 Proposed $ 1,219,857
Ending Fund Balance (unassigned)
Fund Balance Increased $ 270,901
From 41 to 54 Operating Days
08/07/2017 Proposed Budget FY17/18 12
Budget Book: page 48, 58
The shared services model that the Municipal and Academic teams utilize
provides for our administrative services.
08/07/2017 Proposed Budget FY17/18 13
Budget Book: page 15
Amended Proposed $ Increase % Increase
FY 2016/17 FY 2017/18 (Decrease)(Decrease)
Operating Expenditures 8,045,471$ 8,007,199$ (38,272)$ -0.48%
Municipal-Transfer to WA Operating Budget 315,000$ 315,000$ -$ 0.00%
Total Academic Costs 8,360,471 8,322,199 (38,272) -0.46%
Annual Debt Service (Municipal budget)1,874,385 1,869,870 (4,515) -0.24%
Major Maintenance and Replacement 279,565 200,000 (79,565) -28.46%
In-direct Operating Costs 674,130 727,659 53,529 7.94%
Total Municipal Costs 2,828,080$ 2,797,529$ (30,551)$ -1.08%
TOTAL EXPENDITURE COSTS 11,188,551$ 11,119,728$ (68,823)$ -0.62%
Number of Students 830 856 26 3.13%
Total Expenditure Cost per Student 13,480$ 12,990$ (490)$ -3.63%
08/10/2016 Proposed Budget FY16/17 14
Amount Percentage
Per
Student
Total
Percentage
Academy
Blacksmith 1,000,000$ 9%1,168$
FSP 6,544,700 59%7,646
Local 462,499 4%540 71%
Municipal
Operating Transfer 315,000 3%368
Debt Service 1,869,870 17%2,184
MM & R 200,000 2%234
Indirect 727,659 7%850 29%
11,119,728$ 100%12,990$ 100%
Revenue Sources
08/07/2017 Proposed Budget FY17/18 15
70.57 74.68
90.21 95.31 95.05 93.09
FY 12/13
Actual
FY 13/14
Actual
FY 14/15
Actual
FY 15/16
Actual
FY16/17
Estimated
FY 17/18
Proposed
Staff recommends a 2.0% increase for faculty and staff.
Due to changes in administration and the realignment of
faculty positions, there is an overall decrease in salaries,
reducing FY 2017/18 FTEs by 1.96
Budget Book: page 16
08/10/2016 Proposed Budget FY16/17 16
SALARY AND RELATED EXPENDITURES $ (10,850)
Balanced Scorecard Perspective: People, Facilities, & Technology
Outcome Objective: Attract, Recruit, Retain, & Develop the Highest Quality
Workforce
PROFESSIONAL AND CONTRACTED SERVICES $ 18,609
Balanced Scorecard Perspective: Academic Operations
Outcome Objective: Improve the Efficiencies of Operational Systems
SUPPLIES AND MATERIALS $ 4,631
Balanced Scorecard Perspective: Academic Operations
Outcome Objective: Optimize Student Potential
OTHER OPERATING COSTS $ (15,289)
Balanced Scorecard Perspective: People, Facilities, & Technology
Outcome Objective: Increase the Capacity of Teachers & Staff
DEBT SERVICE COSTS $ (91,070)
Balanced Scorecard Perspective: People, Facilities & Technology
Outcome Objective: Improve Technology, Facilities % Equipment
Budget Book: page 16
Decrease 0.17%
Increase 2.0%
Increase 2.0%
Increase 3.0%
Decrease 35.0%
08/07/2017 Proposed Budget FY17/18 17
08/07/2016 Proposed Budget FY17/18 18
Enrollment is anticipated to
increase 26 students in 17/18.
The increase is due to the
Town’s residential growth and
students of new employees.
812
825
866
830
856
FY 14/15
Actual
FY 15/16
Actual
FY16/17
Adopted
FY16/17
Amended
FY 17/18
Proposed
Enrollment History
Future enrollment is projected to increase by 10 students per
year.
Available lottery spaces will decrease as residential growth
increases.Budget Book: page 95
Basic Assumptions:
o 17-20 students per class in Kindergarten through G5
o 23-25 students per section in G6-G12
08/07/2017 Proposed Budget FY17/18 19
o 26 student increase in
FY 17-18 and 10
additional students in
subsequent years
o Average Daily
Attendance rate of
97%
Revenues:
o 100% use of WAF Annual Program revenues -$1M
o Career and Technical (CTE) funding
•Implemented with 210 students in FY 2016/17
•Continue with 319 students in FY 2017/18
o Foundation School Program Funding remains flat
08/07/2017 Proposed Budget FY17/18 20
Payroll & Related Expenditures:
Personnel costs estimated to increase 1.5% for subsequent years
08/07/2017 Proposed Budget FY17/18 21
Operating Expenditures: (currently
estimated at 1.0% increase in future
years)
Per BOT Policy, expenditures will
only increase if revenues increase
Professional Services
Supplies & Materials
Other Operating Costs
08/07/2017 Proposed Budget FY17/18 22
FY 16/17 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 20/21
Total Revenues 8,399,173$ 8,227,963$ 8,584,100$ 8,540,178$ 8,549,372$ 8,558,750$
Total Expenditures 8,397,745 8,360,471 8,322,199 8,435,155 8,549,551 8,499,693
Net Other Sources/Uses - 57,090 - - - -
Excess Revenues Over(under) Expenditur 1,428 (75,418) 261,901 105,022 (180) 59,057
FUND BALANCE BEGINNING 1,071,036 1,072,464 997,046 1,258,947 1,363,969 1,363,789
FUND BALANCE ENDING 1,072,464 997,046 1,258,947 1,363,969 1,363,789 1,422,846
Assigned 11,000 48,090 39,090 27,090 15,000 15,000
FUND BALANCE ENDING (Unassigned)1,061,464$ 948,956$ 1,219,857$ 1,336,879$ 1,348,789$ 1,407,846$
Number of Operating Days (365)46 41 54 58 58 60
Dollars per Operating Day 23,008$ 22,905$ 22,801$ 23,110$ 23,423$ 23,287$
Total Students Enrolled 866 830 856 866 876 886
TEA Funding per Student (incl CTE/SPED)7,241$ 7,382$ 7,646$ 7,557$ 7,471$ 7,387$
Operating Cost per Student 9,697$ 10,073$ 9,722$ 9,740$ 9,760$ 9,593$
Teachers 65.55 65.55 65.59 65.59 65.59 65.59
Student/Teacher Ratio 13 13 13 13 13 14
GENERAL FUND FIVE YEAR FORECAST
Adopted Amended Proposed Projected Projected Projected
Budget Book: page 48
Enrollment Constraints
o Current facility size
o Charter
o BOT previous direction
o All equals slow revenue growth
08/07/2017 Proposed Budget FY17/18 23
$4,417 $4,865
$5,812 $6,010 $6,271 $6,127 $6,545
FY 12/13
Actual
FY 13/14
Actual
FY 14/15
Actual
FY 15/16
Actual
FY16/17
Adopted
FY16/17
Amended
FY 17/18
Proposed
Foundation State Program Revenues
(in millions)
Slow Growth in Revenues
o State FSP will not increase for FY 2017/18 or FY 2018/19
o Blacksmith donations projected as static
08/07/2017 Proposed Budget FY17/18 24
Future Bond Issuance = Ad
Valorem tax increase for
facilities
Static or slow growth
revenues can impact
adding new academic
service levels
Local funding under
pressure
o More about that on
Wednesday, August 9th
Picture by Jaymi Ford
08/07/2017 Proposed Budget FY17/18