HomeMy WebLinkAbout08-23-04 packet material
WESTLAKE ACADEMY
M EMO
TO: Honorable President and Members of the Board of Directors
FROM: Trent Petty, CEO
SUBJECT: Regular Meeting of August 23, 2004
DATE: August 16, 2004
ITEM
Consider a resolution adopting a Westlake Academy Investment Policy.
RECOMMENDATIONS
Staff recommends approval.
BACKGROUND
Chapter 2256 of the Government Code, commonly known as the “Public Funds Investment Act”
requires the Academy to adopt an investment policy by rule, order, ordinance or resolution.
Debbie Piper, Finance Director for the Town, has completed the required Investment Training
required by this act. The adoption and adherence to the attached policy is recommended.
WESTLAKE ACADEMY
MEMO
TO: Honorable President and Members of the Board of Directors
FROM: Trent Petty, CEO
DATE: August 16, 2004
SUBJECT: August 23, 2004 meeting
ITEM
Consider a resolution adopting the proposed FY 2004/2005 budget including final amendments
to FY 2003/2004 for the Westlake Academy.
RECOMMENDATIONS
Staff recommends approval.
BACKGROUND
The Town staff has prepared the FY 2004/2005 and the attached document includes all expected
revenues and expenditures of the Academy. This year represents the most aggressive expansion
that the Academy will experience, by adding two additional grades in the same year. As a result,
the student body will increase by approximately 36%. Staff has increased by 9 people due to the
addition of part-time specialty teachers as well as kindergarten and 7th grade staff. This budget
also includes the addition of extra-curricular sports programs for the 7th grade.
The staff has reviewed and proposed necessary changes and adjustments to the General Fund
(Fund 199) of the Academy. The attached detail suggests amendments that need to be
considered by the Board.