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HomeMy WebLinkAboutBudget Retreat Presentation 06-03-2019FY 2019-2020 Monday June 3rd, 2019 An oasis of natural beauty that maintains our open spaces in balance with distinctive development, trails, and quality of life amenities amidst an ever expanding urban landscape. MUNICIPAL VISION STATEMENT 2 THEME: Exemplary Education Westlake Academy RESULT: Westlake is an international educational leader; where each individual’s potential is maximized. THEME: High Quality Design, Planning & Development RESULT: A desirable, well planned, high quality community distinguished by exemplary design standards. THEME: Exemplary Service and Governance RESULT: We set the standard by delivering unparalleled municipal and educational services at the lowest cost. THEME: Natural Oasis RESULT: Preserve and maintain a perfect blend of the community’s natural beauty. STRATEGIC THEME OVERVIEW 3 HIGH IMPACT SERVICES & SURVEY FEEDBACK 4 (2015 and 2017 results) Reasons Residents Moved/Will Stay in Westlake •Quality of Life (#1) •Low crime rate / public safety (#2) •Westlake Academy (#2) •Aesthetics / development standards (#3) •Small town feel (#3) •Quality of subdivision (#4) •Types of housing (#5) DIRECTION FINDERS –MUNICIPAL FEEDBACK 5 •Governance Practices •Servant Leadership •Council / BOT Policies •Survey Results •Community Engagement •Shared Services •Strategic Plan / Vision •Budget •Comprehensive Plan •Building Quality Manual •Affiliate Groups TOOLS TO ACHIEVE RESULTS/SERVICE DELIVERY 6 Service Delivery Satisfaction •Overall satisfaction w/services 80% -86% •Public safety 94% -96% •Emergency preparedness 89% -90% •Parks/trails/open spaces/fac.82% •Communications 92% Areas of Focus •Parks/trails/open spaces/facilities •Value of Westlake Academy to the Town •Value received from Tax Dollar •Quality of town streets DIRECTION FINDERS –MUNICIPAL FEEDBACK (2015 and 2017 results) 7 RESIDENTIAL & COMMERCIAL GROWTH 8 RESIDENTIAL/DAYTIME POPULATION GROWTH 9 RESIDENTIAL SQ. FT PROJECTIONS PER COMP PLAN 10 RESIDENTIAL GROWTH PROJECTIONS Population Estimates –Census vs Comp Plan 2,000,000 2,850,000 3,529,701 4,979,601 3,263,158 4,267,241 6,517,241 8,146,552 1,197 1,514 2,191 3,311 2,000 2,750 4,200 5,250 - 1,000 2,000 3,000 4,000 5,000 6,000 - 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 RESIDENTIAL POPULATIONRESIDENTIAL SQUARE FEETSum of Census SF Sum of Comp Plan SF Sum of Census Pop Sum of Comp Plan Pop 2015 2019 2024 2030 11 Commercial Square Footage and Daytime Population COMMERCIAL GROWTH PROJECTIONS 3,600,000 5,800,000 7,800,000 6,125,000 11,500,000 16,125,000 13,345 23,416 29,732 16,118 30,263 42,434 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 DAYTIME POPULATIONCOMMERCIAL SFSum of Actual SF Sum of Comp Plan SF Sum of Actual Pop Sum of Comp Plan Pop 2019 2024 2030 Actual vs Comp Plan 12 LEGISLATIVE UPDATE 13 LEGISLATIVE IMPACT OVERVIEW SIGNED BILLS •HB 2/SB2 Property Tax Relief •HB 852/SB 855 Permit and Inspection Fees PENDING BILLS •HB 2439/SB 1266 Building Materials IN COMMITTEE/FAILED BILLS •HB 281/SB 29 Lobbying •HB 3778 Short Term Rentals •HB 3535/SB 1152 Telecommunication Fees •HB 1371/SB 3 & HB 197/SB 95 –Teacher Pay 14 FINANCIAL OVERVIEW ALL FUNDS (MUNICIPAL) 15 $(1,637,112) Proposed use of fund balance (all funds) $ 409,000 Proposed increases to fund balance (all funds) $(1,228,112) Net Change to Fund Balance CURRENT YEAR Beginning Fund Balance Revenues & Other Sources Expenditures & Other Uses Net Change To Fund Balance Ending Fund Balance Percent Of Total General Fund 9,893,770 10,148,246 10,625,138 (476,892)9,416,878 54% Enterprise Funds 963,839 4,897,966 4,618,856 279,110 1,242,950 7% Internal Service M&R 2,607,629 618,746 926,131 (307,385)2,300,244 13% Special Revenue Funds 998,157 2,599,162 2,710,924 (111,762)886,395 5% Debt Service Funds 41,700 2,726,130 2,767,830 (41,700)0 0% Capital Projects Funds 4,220,595 479,526 1,178,899 (699,373)3,521,222 20% Municipal Total $18,725,690 $21,469,776 $22,827,777 $ (1,358,001)$17,367,689 100% Westlake Academy 1,212,231 9,034,404 8,904,514 129,890 1,342,121 TOTAL $ 19,937,921 $ 30,504,180 $31,732,292 $(1,228,112)$18,709,810 100% FY 19/20 BUDGET –ALL FUNDS 16 5-YEAR FORECAST ASSUMPTIONS REVENUES Current Year •No Sales Tax Rebates related to Economic Development Agreements •Schwab: •No Sales Tax related to Phase II (situs) •No Sales Tax related to Phase I operating •Schwab Phase I property tax abatements (70%) Abatement began in tax year 2016 •Reduced by 10% through FY 25/26 •Last year for Fidelity property tax abatement •Westlake Reserve (operations) reduced to $150K Future Years •Sales tax increased 2% in future years •Deloitte property tax abatements ends FY 20/21 (approximate increase of $150K) •Fidelity Property Tax abatement ended (approximate increase of $110K) •Revenues increase 1% annually •Court Fines and Forfeitures increase 1/2% annually •Beverage Tax & Hotel/Motel Tax increased in future years for Entrada Hotel and Front 44 •Westlake Reserve (operations) reduced to $150K 17 5-YEAR FORECAST ASSUMPTIONS EXPENDITURES Current Year •5.25 Increase in FTE •2.75% increase in payroll (overall) •7.5% increase in Medical Insurance •2.5% increase in SS/Medicare and TMRS •1% increase in all expenditures Future Years •2.5% increase in payroll •7.5% increase in Medical Insurance •2.5% increase in SS/Medicare and TMRS •1% increase in all expenditures 18 GENERAL FUND –FIVE YEAR FORECAST ESTIMATED PROPOSED 1 2 3 4 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 Total Revenues and Other Sources $13,118,545 $10,148,246 $9,783,903 $10,026,948 $10,311,673 $10,043,517 Total Expenditures and Other Uses 12,986,624 10,625,138 10,641,121 10,706,605 10,868,675 11,056,929 NET CHANGE TO FUND BALANCE 131,921 (476,892)(857,218)(679,657)(557,002)(1,013,412) Beginning Fund Balance 9,761,849 9,893,770 9,416,878 8,559,660 7,880,004 7,323,001 Ending Fund Balance 9,893,770 9,416,878 8,559,660 7,880,003 7,323,002 6,309,589 Restricted/Committed/Assigned 288,155 288,155 288,155 288,155 288,155 288,155 Unassigned Ending Balance $ 9,605,615 $ 9,128,723 $8,271,505 $ 7,591,848 $ 7,034,847 $ 6,021,434 Operating Expenditures 9,819,559 10,161,768 9,886,121 10,051,605 10,213,675 10,401,929 Operating Cost per Day 26,903 27,840 27,840 27,840 27,840 27,840 Operating Days 357 328 305 276 251 211 19 GENERAL FUND –OPERATING DAYS 20 PERSONNEL STAFFING LEVELS Dept Position Name FY 18/19 Estimated Positions FY 19-20 Proposed Positions Increase Total Payroll Impact Payroll Transfers In from Other Funds General Fund Payroll Impact General Fund Payroll Transfer out to WA 14 Firefighter/Paramedics Change to FT 1.50 3.00 1.50 $122,132 -$122,132 - 14 Fire Admin Assistant New Position -1.00 1.00 $79,728 -$79,728 - 18 WA Accounting Tech I New Position -.50 .50 $16,218 -$16,218 - FORECASTED POSITIONS 1.50 4.50 3.00 $218,078 -$218,078 - 16 Utility Technician #2 New Position -1.00 1.00 $69,577 $(52,183)$17,394 - 10 WAF Assistant Reallocated -.50 .50 ---$17,191 10 WAF Executive Director Reallocated -.50 .50 ---59,365 15 Marshal Increase Hours .50 .75 .25 $20,025 -$20,025 - POSITIONS NOT FORECASTED .50 2.75 2.25 $89,602 $(52,183)$37,419 $76,556 2.00 7.25 5.25 $307,680 $(52,183)$255,497 $76,556 GF Impact $332,053 21 AD VALOREM RATE 22 PROPERTY TAX RATES is the total tax rate calculated to raise the same amount of property tax revenue from the same properties. 23 PROPERTY TAX RATES FY 19/20 Proposed M&O Rate $ 0.10069 I&S Rate $ 0.05531 TOTAL $ 0.15600 Current Adopted Tax Rate is $0.15600 24 Tax Rate Tax Levy Revenue Tax Levy Increase Last Year’s Tax Rate 0.15600 $2,397,268 $555,674 2019-2020 Effective Tax Rate 0.11984 $1,841,594 $192,683 One Cent per $100 Tax Increase 0.12984 $1,995,265 $153,671 Rollback Tax Rate 0.15704 $2,413,250 $764,357 PROPERTY TAX RATES 25 PROPERTY TAX RATES 26 PROPERTY TAX RATES 27 0.47300 0.46200 0.43000 0.37512 0.29025 0.28927 0.22000 0.15600 Trophy ClubSouthlakeKellerRoanokeHasletGrapevineHighlandParkPROPERTY TAX RATE COMPARISON 28 CAPITAL IMPROVEMENT PROJECTS 29 FUNDED CAPITAL PROJECTS Project Description Totals Thru FY17/18 FY 18-19 Estimated Budget FY 19-20 Proposed Budget FY 20-21 Projected Budgeted Grand Total Road and Street Improvements 3,954,499 546,991 106,806 711,840 5,320,136 Facility Improvements -132,000 50,000 -182,000 Trail/Park/Cemetery Improvements 93,082 106,918 193,860 540,000 933,860 Trail and Road Improvements --603,233 1,382,806 1,986,039 Information Technology Improvements -25,000 275,000 -300,000 $4,047,581 $810,909 $1,228,899 $2,634,646 $8,722,035 30 FUNDED CAPITAL PROJECTS Road and Street Improvements Project Description Totals FY 18-19 FY 19-20 FY 20-21 PROJECT Dept Proj thru Estimated Proposed Projected GRAND No.No.FY 17/18 Budget Budget Budget TOTAL 16 CP20 FM1938 Town Improvements 3,310,317 112,300 --3,422,617 16 CP34 Roanoke Road Reconstruction & Drainage South 2,900 --540,000 542,900 16 CP40 Sam School Road Reconstruction & Drainage ---50,000 50,000 16 CP68 FM 1938 & Dove Road Traffic Signal (Cash)278,370 159,360 --464,119 FM 1938 & Dove Road Traffic Signal (Contribution)26,389 --- 16 CP70 FM 1938 and Solana Traffic Signalization 305,479 8,375 --313,854 16 CP75 Flashing Crosswalk -Dove/Pearson & Dove/Ottinger 31,044 48,956 -51,840 131,840 16 CP78 Solana Pavement Repairs -90,000 --90,000 16 CP79 Wyck Hill Pavement Resurface --58,806 -58,806 16 CP80 FM1938 Pavement Repairs -80,000 --80,000 16 CP82 SH114 Service Road Construction -48,000 48,000 -96,000 16 CP83 GPS Opticom Traffic Control ---70,000 70,000 Sub-Total -Road/Street Improvements 3,954,499 546,991 106,806 711,840 5,320,136 Cash Funded Projects Bond Funded Projects Contribution Funded Projects 31 FUNDED CAPITAL PROJECTS Facilities, Trails, Parks, IT Improvements Project Description Totals FY 18-19 FY 19-20 FY 20-21 PROJECT Dept Proj thru Estimated Proposed Projected GRAND No.No.FY 17/18 Budget Budget Budget TOTAL 17 CP65 Maintenance & Storage Facility -50,000 50,000 -100,000 17 CP77 WA Pond Repairs -82,000 --82,000 Sub-Total -Academic Facilities Improvements -132,000 50,000 -182,000 19 CP42 Trail Connection at Hwy 114 & Solana Blvd.--193,860 -193,860 19 CP67 Wayfinding Signage -50,000 -540,000 590,000 19 CP76 Cemetary Improvements 93,082 56,918 --150,000 Sub-Total -Trail/Park/Cemetery Improvements 93,082 106,918 193,860 540,000 933,860 19 CP52 Trail -Academy to Cemetery ---319,006 1,382,806 16 CP58 Ottinger Road Recon/Drainage ---1,063,800 19 CP53 Trail -Dove/Pearson/Aspen --313,217 -603,233 16 CP60 Pearson Lane Recon/Drainage --290,016 - Sub-Total -Trail and Road Improvements --603,233 1,382,806 1,986,039 20 CP81 Firber Connectivity Project -25,000 275,000 -300,000 Sub-Total -Information Technology Improvements -25,000 275,000 -300,000 Cash Funded Projects Bond Funded Projects Contribution Funded Projects 32 UNFUNDED CAPITAL PROJECTS Project Description Totals FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 PROJECT Thru Estimated Proposed Projected Projected Projected Projected GRAND FY 17/18 Budget Budget Budget Budget Budget Budget TOTAL SH114 and Schwab Way Traffic Signal Upgrade $ -$ -$ -$ 257,500 $ -$ -$ -$ 257,500 Hwy 170 and 377 Traffic Signal Upgrade ---265,000 ---265,000 Dove Road & Randol Mill Traffic Circle ----674,238 892,427 -1,566,665 Hwy 170 and Roanoke Traffic Signal Upgrade ---15,000 257,500 --272,500 Glenwyck Farms Telecommunications Ductbank ---806,400 ---806,400 SH 114/170 Enhancements 239,433 ----830,592 -1,070,025 Sub-Total -Road/Street Improvements 239,433 --1,343,900 931,738 1,723,019 -4,238,090 Trail Connection from Fire Station West --475,000 ----475,000 Hwy 377 Landscape Improvements (Phase I and II) ---411,100 436,000 --847,100 Trail -Fidelity Campus to WL Parkway at Hwy 114 ---330,338 ---330,338 Westlake Academy Pedestrian Underpass -----741,600 -741,600 Cemetery Improvements ----73,609 77,904 -151,513 15-30 Acre Community Park ----8,623,423 183,706 -8,807,129 Sub-Total -Trail/Park/Cemetery Improvements --475,000 741,438 9,133,032 1,003,210 -11,352,680 TOTAL UNFUNDED (UNDER DISCUSSION) 239,433 -$475,000 2,085,338 10,064,770 2,726,229 -$ 15,590,77033 WESTLAKE ACADEMY 34 ENROLLMENT PROJECTIONS Founders 3 Non-lottery totals 371 Staff 49 40% of enrollment w/staff children Grade Level Target Numbers Enrolled Returning Students 2019-2020 Residents Returning Resident Entry via Permits Pending Residents Returning + Pending Residents Staff Siblings Total with Pending Residents Lottery Predicted Enrollment Counts % of Resident Enrollment Kinder 45 0 11 1 4 16 4 22 42 347 5 31% G1 66 54 18 2 4 24 3 3 30 224 60 40% G2 56 54 15 0 2 17 2 2 21 178 56 30% G3 59 53 26 1 3 30 3 14 47 177 57 53% G4 64 55 26 1 2 29 5 7 41 174 58 50% G5 62 53 22 0 2 24 5 14 43 151 55 44% Primary 352 269 118 5 17 140 22 62 224 1251 291 48% G6 76 62 31 3 4 38 7 9 54 172 69 55% G7 81 73 26 0 3 29 5 10 44 120 76 38% G8 76 68 24 2 4 30 1 1 32 112 74 41% G9 88 68 23 1 6 30 2 6 38 101 75 40% G10 90 74 20 1 0 21 5 3 29 45 75 28% G11 88 77 17 1 1 19 1 5 25 38 79 24% G12 83 77 11 1 0 12 6 0 18 4 78 15% Secondary 582 499 152 9 18 179 27 34 240 592 526 34% Total 934 768 270 14 35 319 49 96 464 1843 817 39% 35 FIVE YEAR FORECAST ASSUMPTIONS STATE REVENUE (HOUSE BILL 3)•549,334 FY20 additional allotment: $635 x current ADA •$742,387 FY21 additional allotment: $855 x estimated ADA•-FY22–FY24 projected to increase at ½% STATE FACILITIES ALLOTMENT •$179,813 Allotment•-50% assigned fund balance•-50% allocated transfer to Municipal Maint/Repair for Academy LOCAL REVENUE•$(165,000) Reduction in Municipal contribution by 52% •$ 30,000 Increase in WA Foundation donation $30,000 TECHNOLOGY•$182,937 FY20 new lease for iPad Initiative•-Pay off prior lease (offsets: $85K eqpt sales, $56K tech-assigned fund balance)•$25,618 Budgetary impact PAYROLL•-No provision for substantial teacher increases in HB3•-Forecast 2% increase to salary schedule to stay within 0.5% of estimated median•$555,224 Addition of 6.25 FTEs (4.25 in instruction) $555,224 36 FIVE YEAR REVENUE OVERVIEW Adopted Amended Amount Proposed Amount Projected Projected Projected Projected FY 18/19 FY 18/19 Inc/(Dec) FY 19/20 Inc/(Dec)FY 20/21 FY 21/22 FY 22/23 FY 23/24 1 Transportation 10,500$ 10,500$ -$ 10,500$ -$ 10,500$ 10,500$ 10,500$ 10,500$ 2 Parking 15,000 15,000 - 15,000 - 15,000 15,000 15,000 15,000 3 Athletic Activities 94,200 94,200 - 88,100 (6,100) 88,100 88,100 88,100 88,100 4 Interest Earned 9,000 9,000 - 15,000 6,000 15,000 15,000 15,000 15,000 5 WAF Blacksmith Donation 1,000,000 1,000,000 - 1,030,000 30,000 1,030,000 1,030,000 1,030,000 1,030,000 6 Salary Reimbursement for WAF staff 69,834 69,834 - 69,834 - 71,231 72,655 74,108 75,591 7 Town Contribution - Westlake Reserve 300,000 300,000 - 150,000 (150,000) 150,000 150,000 150,000 150,000 8 Town Contribution 15,000 15,000 - - (15,000) - - - - 9 Other Local Revenue (sub, tech, prnt, misc)47,300 47,300 - 47,300 - 47,300 47,300 47,300 47,300 10 Technology Equipment Sale Proceeds - - - 85,000 85,000 - - - - 11 Food Services 7,000 7,000 - 7,000 - 7,000 7,000 7,000 7,000 12 Total Local Revenues 1,567,834 1,567,834 - 1,517,734 (50,100) 1,434,131 1,435,555 1,437,008 1,438,491 13 Percent of total revenues 18%18%0%16%-7%15%14%14%14% 14 TEA - Proposed per pupil allotment increase - - - 549,334 549,334 742,387 746,099 749,830 753,579 15 TEA - Available School Funds 365,166 379,402 14,236 365,166 (14,236) 366,992 368,827 370,671 372,524 16 TEA - Foundation School Funds (Inc. accrual)5,741,074 6,131,006 389,932 6,089,328 (41,678) 6,119,775 6,150,374 6,181,125 6,212,031 17 CTE Funding (addt'l TEA-FSP Funds)508,316 219,766 (288,550) 521,204 301,438 523,810 526,429 529,061 531,707 18 Facilities Allotment (addt'l TEA-FSP Funds)184,856 179,813 (5,043) 179,813 - 179,813 179,813 179,813 179,813 19 TEA - Advanced Placement Training 3,000 3,000 - 3,000 - 3,000 3,000 3,000 3,000 20 TRS On-behalf/Medicare Part B 477,583 477,583 - 486,211 8,628 491,073 495,984 500,944 505,953 21 Total State Revenues 7,279,995 7,390,570 110,575 8,194,056 803,486 8,426,850 8,470,525 8,514,444 8,558,607 22 Percent of total revenues 82%82%100%84%107%85%86%86%86% 23 TOTAL REVENUES 8,847,829$ 8,958,404$ 110,575$ 9,711,790$ 753,386$ 9,860,980$ 9,906,081$ 9,951,452$ 9,997,097$ 37 FIVE YEAR EXPENDITURE OVERVIEW Adopted Amended Amount Proposed Amount Projected Projected Projected Projected FY 18/19 FY 18/19 Inc/(Dec) FY 19/20 Inc/(Dec)FY 20/21 FY 21/22 FY 22/23 FY 23/24 24 EXPENDITURES by FUNCTION 25 Est PR changes & salary accrual (August)555,224 26 Function 11 - Instructional 5,008,974$ 5,031,390$ 26,817$ 5,593,503$ 6,889$ 27 Function 12 - Resources & Media 90,935 90,935 - 92,281 1,346 28 Function 13 - Curriculum & Staff Development 84,545 83,545 - 83,545 - 29 Function 21 - Instructional Leadership 170,216 170,216 - 170,216 - 30 Function 23 - School Leadership 924,198 932,548 - 942,448 9,900 31 Function 31 - Guidance & Counseling 321,467 331,667 1,000 308,867 (22,800) 32 Function 33 - Health Services 72,919 72,919 - 72,919 - 33 Function 36 - Co/Extracurricular Activities 219,169 220,127 658 227,547 7,420 34 Function 41 - Administrative 308,772 296,322 - 271,054 (25,268) 35 Function 51 - Maintenance & Operations 947,445 947,445 - 877,645 (69,800) 36 Function 51 - Town M & R - 89,907 - 89,907 - 37 Function 52 - Security & Monitoring 40,000 40,000 - 50,000 10,000 38 Function 53 - Data Processing 216,103 216,103 - 216,103 - 39 Function 61 - Community Services 138,322 138,322 - 138,322 - 40 Function 71 - Debt Service 167,068 167,068 - 350,005 182,937 41 TOTAL EXPENDITURES BY FUNCTION 8,710,132$ 8,828,514$ 28,475$ 9,484,362$ 655,848$ 555,224 42 Object Code 61XX - Salaries 6,585,303$ 6,615,488$ 30,185$ 7,170,712$ 555,224$ 7,314,126$ 7,460,409$ 7,609,617$ 7,761,809$ 43 Object Code 62XX - Contracted Services 1,056,667 1,044,188 (12,479) 928,179 (116,009) 937,461 946,835 956,304 965,867 44 Object Code 63XX - Supplies & Materials 425,124 434,320 9,196 455,480 21,160 460,035 464,635 469,281 473,974 45 Object Code 63XX - Town M & R - 89,907 89,907 89,907 - 89,907 89,907 89,907 89,907 46 Object Code 64XX - Other Operating Costs 475,970 477,543 1,573 490,079 12,536 494,980 499,930 504,929 509,978 47 Object Code 65XX - Debt Service 167,068 167,068 - 350,005 182,937 184,000 184,000 200,000 200,000 48 TOTAL EXPENDITURES BY OBJECT 8,710,132$ 8,828,514$ 118,382$ 9,484,362$ 655,848$ 9,480,508$ 9,645,715$ 9,830,037$ 10,001,535$ 38 FIVE YEAR FUND BALANCE OVERVIEW Adopted Amended Amount Proposed Amount Projected Projected Projected Projected FY 18/19 FY 18/19 Inc/(Dec) FY 19/20 Inc/(Dec)FY 20/21 FY 21/22 FY 22/23 FY 23/24 49 Other Resources - Local -$ -$ -$ -$ -$ -$ -$ -$ -$ 50 Transfer in - Athletics/Transportation 76,000 76,000 - 76,000 - 76,000 76,000 76,000 76,000 51 Other Uses - Local (76,000) (76,000) - (76,000) - (76,000) (76,000) (76,000) (76,000) 52 NET OTHER RESOURCES (USES)- - - - - - - - - 53 EXCESS REVENUES OVER(UNDER) EXP 137,697$ 129,890$ 82,100$ 227,428$ 97,538$ 380,472$ 260,365$ 121,415$ (4,438)$ 54 FUND BALANCE BEGINNING 1,212,231 1,212,231 - 1,342,121 129,890 1,569,549 1,950,021 2,210,387 2,331,801 55 FUND BALANCE ENDING 1,349,928 1,342,121 (7,807) 1,569,549 227,428 1,950,021 2,210,387 2,331,801 2,327,363 56 Assigned - Bus Maintenance 19,000 19,000 - 19,000 - 18,050 17,148 16,290 15,476 57 Assigned - Facilities Allotment - 89,907 89,907 179,813 89,907 269,720 359,626 449,533 539,439 58 Assigned - Technology/FFE - 56,450 56,450 - (56,450) - - - - 59 Assigned - Uniform/Equip replacement 15,000 15,000 - 15,000 - 15,000 15,000 15,000 15,000 60 FUND BALANCE ENDING (Unassigned)1,315,928$ 1,161,764$ (64,257)$ 1,355,736$ 193,972$ 1,647,252$ 1,818,613$ 1,850,979$ 1,757,449$ 61 Number of Operating Days (365)55 48 (7) 52 - 63 69 69 64 62 Dollars per Operating Day 23,863$ 24,188$ 324 25,985$ 1,797 25,974$ 26,427$ 26,932$ 27,401$ 63 Total Students Enrolled 876 869 (7) 906 37 911 916 921 926 64 TEA Funding per Student (Inc. CTE & SPED)7,551$ 7,745$ 194 7,699$ (45) 7,695$ 7,692$ 7,688$ 7,685$ 65 Operating Cost per Student (Academic Only)9,943$ 10,159$ 216 10,468$ 309 10,407$ 10,530$ 10,673$ 10,801$ 66 Teachers 66.25 66.25 - 70.50 4.25 70.50 70.50 70.50 70.50 67 Student/Teacher Ratio 13.22 13.12 (0.11) 12.9 (0.3) 12.92 12.99 13.06 13.13 68 ALL Faculty & Staff 94.75 94.75 - 101.00 6.25 101.00 101.00 101.00 101.00 39 GENERAL FUND BUDGET SUMMARY 40 Amended Proposed $ Increase % Increase FY 2018/19 FY 2019/20 (Decrease)(Decrease) 1 Revenues 8,958,404$ 9,711,790$ 753,386$ 8% 2 Expenditures 8,828,514 9,484,362 655,848 7% 3 Other Resources 76,000 76,000 - 0% 4 Other Uses (76,000) (76,000) - 0% 5 Excess Revenues Over(Under) Expenditures 129,891 227,428 97,538 75% 6 FUND BALANCE BEGINNING 1,212,231 1,342,121 129,890 11% 7 FUND BALANCE ENDING 1,342,121 1,569,549 227,428 17% 8 Assigned 180,357 213,813 33,457 19% 9 FUND BALANCE ENDING (Unassigned)1,161,764$ 1,355,736$ 193,972$ 17% 10 # Days Operating (Based on 365)48 52 4 9% 11 Daily Operating Expenditure 24,188 25,985 $1,797 7% 12 Students Enrolled 869 906 37 4% 13 TEA Funding per Student 7,745$ 7,699$ (45)$ -1% 14 Operating Cost per Student 10,159$ 10,468$ 309$ 3% 15 Teachers 66.25 70.50 4.25 6% 16 Student/Teacher Ratio 13.12 12.85 (0.27) -2% 17 Total Faculty & Staff 94.75 101.00 6.25 7% GENERAL FUND Academic Only FIVE-YEAR FORECAST Proposed Projected Projected Projected Projected FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 Total Revenues 9,711,790 9,860,980 9,906,081 9,951,452 9,997,097 Total Expenditures 9,484,362 9,480,508 9,645,715 9,830,037 10,001,535 Net Other Sources/Uses - - - - - Excess Revenues Over(under) Expenditures 227,429 380,472 260,365 121,415 (4,438) Fund Balance Beginning 1,342,121 1,569,549 1,950,021 2,210,387 2,331,801 Fund Balance Ending 1,569,549 1,950,021 2,210,387 2,331,801 2,327,363 Operating Days 52 63 69 69 64 GENERAL FUND FIVE YEAR FORECAST 41 SHARED SERVICE MODEL Combined: General Fund Academic & Municipal Services GENERAL FUND EXPENDITURES Amended Proposed $ Increase % Increase Academic & Municipal Expenditure Costs FY 2018/19 FY 2019/20 (Decrease)(Decrease) Operating Expenditures 8,513,514$ 9,334,362$ 820,848$ 10% Municipal-Transfer to WA Operating Budget 315,000 150,000 (165,000) -52% Total Academic Costs 8,828,514 9,484,361.50 655,848 7% Annual Debt Service (Municipal budget)1,830,961 1,835,190 4,229 0% In-direct Operating Costs 832,965 968,671 135,706 16% Major Maintenance and Replacement 362,218 373,443 11,225 3% Total Municipal Costs 3,026,144 3,177,304 151,160 5% Academic & Municipal Expenditure Costs 11,854,658$ 12,661,666$ 807,008$ 7% Number of Students 869 906 37 4% Total Expenditure Cost per Student 13,642$ 13,975$ 334$ 2% 42 PERSONNEL STAFFING LEVELS Employee Type FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 Estimate FY 19/20 Proposed Change Principals 4.00 4.50 4.50 4.50 4.50 4.75 4.75 - Coordinators 3.50 3.50 5.00 4.50 3.50 4.25 4.25 - Primary 19.90 23.59 27.00 27.00 27.00 26.50 27.00 0.50 Secondary 24.91 30.92 32.06 32.55 34.26 35.00 37.75 2.75 Support 13.97 18.10 15.50 15.00 14.00 14.00 14.00 - Specialist 3.50 5.00 6.25 6.00 5.00 4.75 5.75 1.00 Foundation 1.50 1.50 1.50 1.50 1.50 1.50 1.50 - Facilities 1.60 2.00 2.00 2.00 2.00 2.00 4.00 2.00 IT Dept 1.80 1.10 2.00 2.00 2.00 2.00 2.00 - Total Staff 74.68 90.21 95.81 95.05 93.76 94.75 101.00 6.25 Total Teachers 48.31 59.51 65.31 65.55 66.26 66.25 70.50 4.25 43 PERSONNEL STAFFING LEVELS Defined Employee Groups by FTE 44 FUTURE CONSIDERATIONS FOR WESTLAKE 45 1.Comp Plan Update (targeted) 2.Growth and Development 3.Building Quality Manual Implementation 4.Westlake Academy Enrollment 5.Town Commons Concept 6.Financial Forecasts and Fund Balance Monitoring 7.Charter Research for Municipality as We Approach 5K 8.Crime Control District Option 9.Tax Rate Cap Impact