Loading...
HomeMy WebLinkAboutBOT Budget Presentation 08-12-13FY 2013-2014 PROPOSED ANNUAL OPERATING BUDGET FY 2013/14 Proposed Budget increases Fund Balance by $71,368 FY 13/14 Total Operating Budget (All Funds) Proposed Westlake Academy: Operating Revenues $ 6,461,662 (11%) Operating Expenditures $ 6,390,294 (8%) 2 Fund Balanced to Maintain 45 Operating Days FY 13/14 Westlake Academy Fund Balance Estimated Beginning Fund Balance 9/1/13 $762,269 Estimated Ending Fund Balance 8/31/14 $833,636 3 FY 13/14 Total SLAs Salary Expenditures $ 318,665 Professional Services $ 60,470 Supplies & Materials $ 94,904 Other Operating Costs $ 34,387 Grand Total $ 508,425 4 (For Details See Page 13) May 2013 Budget Retreat Changes from Board Direction •Add two teachers (Grade 1 & 3) 5 FY 13/14 New SLAs New Grade 1 & 3 Teacher $120,000 Legal Fees 10,000 Insurance 19,750 ESC Service Contract 15,250 Salary/Wages Accruals 10,000 Grand Total $175,000 6 FY 13/14 Westlake Academy Total Cost Operating Costs $ 6,390,294 Indirect Operating Costs $ 325,000 Debt Service Costs $ 1,935,529 Grand Total $ 8,650,823 7 8 FY 13/14 Challenges & Opportunities •Phase 1 Expansion & Enrollment Growth •Continued Emphasis on Academic Excellence •Heightened Importance of Blacksmith Campaign