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HomeMy WebLinkAbout08-03-20 BOT Agenda Packet �������� � - • � WESTLAKE ACADEMY BOARD OF TRUSTEES MEETING AGENDA { { 1500 SOLANA BLVD, BUILDING 7, SUITE 7100, WESTLAKE, TX 76262 � _ , ,� August 3, 2020 �������� 5:00 PM VIA VIRTUAL MEETING In accordance with Order of the Office of the Governor issued March 16, 2020 and March 19, 2020, the Board of Trustees of Westlake Academy will conduct this virtual meeting at 5:00 p.m. on Monday, August 3, 2020 by video and telephonic conference in order to advance the public health goal of limiting face-to-face meetings (also called "social distancing") to slow the spread of the Coronavirus (COVID-19). There will be no public access to the physical location described above. A recording of the telephonic meeting will be made and will be available to the public in accordance with the Open Meetings Act. Instructions for public participation in the meeting by video conference and telephonic conference are as follows: By Video: https://bit.ly/wa bot0803 Password: 195202 Bv Telephone• US: +1 346 248 7799 or 888 788 0099 (Toll Free) Webinar ID: 975 2739 8680 Password: 195202 �ision Statement Westlake Academy inspires col%ge bound students to achieve their highest individual potential in a nurturing environment that fosters the traits found in the IB Learner Profile:Inquirers, Knowledgeable, Thinkers, Communicators, Principled, Open-Minded, Caring, Risk-takers, Balanced and Reflective Regular Session 1. CALL TO ORDER 2. CITIZEN COMMENTS: This is an opportunity for citizens to address the Board on any matter whether or not it is posted on the agenda. For those joining by videoconference: Any person desiring to make a public comment using a Windows computer must first press the ��Raise Hand" button on the screen. Alternatively, the AIt+Y keyboard shortcut may be used to raise or lower their hand. Any person desiring to make a public comment using a Mac computer must first press the'�Raise Hand" button on the screen. Alternatively, the Option+Y keyboard shortcut may be used to raise or lower their hand. Page 1 of 3 For those joining by teleconference: Any person desiring to make a public comment must first press star-nine (*9) on their telephone keypad to "Raise their hand" to speak. Persons joining the meeting by teleconference may mute and unmute their phones by pressing star-6 (*6). Citizens will be placed in a queue based on the order the hands were raised. The presiding officer will recognize callers based on the order of the queue, where they will be asked to state their name and address. Individual citizen comments are normally limited to three (3) minutes; however, time limits can be adjusted by the presiding officer. The presiding officer may ask the citizen to hold their comment on an agenda item if the item is posted as a Public Hearing. The Board cannot by law take action nor have any discussion or deliberations on any presentation made to the Board at this time concerning an item not listed on the agenda. The Board will receive the information, ask staff to review the matter, or an item may be noticed on a future agenda for deliberation or action. 3. ITEMS OF COMMUNITY INTEREST: President and Trustee Reports on Items of Community Interest pursuant to Texas Government Code Section 551.041: The Board of Trustees may report on the following items: (1) expression of thanks, congratulations or condolences; (2) information about holiday schedules; (3) recognition of individuals; (4) reminders about upcoming Board of Trustee events; (5) information about community events; and (6) announcements involving imminent threat to public health and safety. 4. CONSENT AGENDA: All items listed below are considered routine by the Board of Trustees and will be enacted with one motion. There will be no separate discussion of items unless a Board Member or citizen so requests, in which event the item will be removed from the general order of business and considered in its normal sequence. a. Consider approval of Resolution 20-08, Authorizing the Superintendent to execute a Contract with the Education Service Center Region 11 for various Business and Student Support Services for the operations of Westlake Academy. 5. DISCUSSION ITEMS: a. Presentation and discussion of the 2020-2021 Academic Calendar. b. Presentation and discussion concerning the 2020 Westlake Academy (WA) student performance on International Baccalaureate (IB) and Advanced Placement (AP) assessments. c. Discussion Regarding the Back to School Plan for the 2020-2021 Academic School Year. 6. CONDUCT A PUBLIC HEARING AND CONSIDERATION OF RESOLUTION 20- 09, APPROVING THE AMENDED YEAR-END BUDGET FOR WESTLAKE ACADEMY FOR THE FISCAL YEAR ENDING AUGUST 31, 2020 AND ADOPTING THE PROPOSED BUDGET FOR THE FISCAL YEAR ENDING AUGUST 31, 2021. 7. BOARD RECAP / STAFF DIRECTION Page2of3 8. FUTURE AGENDA ITEMS: Any Board member may request at a workshop and/or Board meeting, under"Future Agenda Item Requests", an agenda item for a future Board meeting. The Board Member making the request will contact the Superintendent with the requested item and the Superintendent will list it on the agenda. At the meeting, the requesting Board Member will explain the item, the need for Board discussion of the item, the item's relationship to the Board's strategic priorities, and the amount of estimated staff time necessary to prepare for Board discussion. If the requesting Board Member receives a second, the Superintendent will place the item on the Board agenda calendar allowing for adequate time for staff preparation on the agenda item. 9. AD70URNMENT ANY ITEM ON THIS POSTED AGENDA COULD BE DISCUSSED IN EXECUTIVE SESSION AS LONG AS IT IS WITHIN ONE OF THE PERMITTED CATEGORIES UNDER SECTIONS 551.071 THROUGH 551.076 AND SECTION 551.087 OF THE TEXAS GOVERNMENT CODE. CERTIFICATION I certify that the above notice was posted at the Town Hall of the Town of Westlake, 1500 Solana Blvd., Building 7, Suite 7100, Westlake, TX 76262, on July 31, 2020, by 5:00 p.m. under the Open Meetings Act, Chapter 551 of the Texas Government Code. Todd Wood, Town Secretary If you plan to attend this public meeting and have a disability that requires special needs or translation services, please advise the Town Secretary 48 hours in advance at 817-490-5711 and reasonable accommodations will be made to assist you. Page3of3 Board of Trustees Item # 2 — Citizen Comments CITIZEN COMMENTS: This is an opportunity for citizens to address the Board on any matter whether or not it is posted on the agenda. For those joining by videoconference: Any person desiring to make a public comment using a Windows computer must first press the "Raise Hand" button on the screen. Alternatively, the AIt+Y keyboard shortcut may be used to raise or lower their hand. Any person desiring to make a public comment using a Mac computer must first press the "Raise Hand" button on the screen. Alternatively, the Option+Y keyboard shortcut may be used to raise or lower their hand. For those joining by teleconference: Any person desiring to make a public comment must first press star-nine (*9) on their telephone keypad to "Raise their hand" to speak. Persons joining the meeting by teleconference may mute and unmute their phones by pressing star-6 (*6). Citizens will be placed in a queue based on the order the hands were raised. The presiding officer will recognize callers based on the order of the queue, where they will be asked to state their name and address. Individual citizen comments are normally limited to three (3) minutes; however, time limits can be adjusted by the presiding officer. The presiding officer may ask the citizen to hold their comment on an agenda item if the item is posted as a Public Hearing. The Board cannot by law take action nor have any discussion or deliberations on any presentation made to the Board at this time concerning an item not listed on the agenda. The Board will receive the information, ask staff to review the matter, or an item may be noticed on a future agenda for deliberation or action. ITEMS OF COMMUNITY INTEREST: Mayor/Board President goa rd of and Council/Board of Trustees Reports on Items of Community Interest pursuant to Texas Government Code Section 551.0415 the Town Council/Board may report on the following items: (1) Trustees expression of thanks, congratulations or condolences; (2) information about holiday schedules; (3) recognition of individuals; (4) reminders about upcoming Town Council events; (5) information about community events; and (6) announcements involving imminent threat to public health and safety. It2111 ,# 3 — It2111S Of Community Interest Calendar of Meetings/Events: ✓ Board of Trustees Work Session/Meetinq (includes Budget Adoption) Monday,August 3, 2020; 5:00 pm* Westlake Town Hall, Solana Terrace-BIdg.7, Suite 7100-Council Chambers OR via Teleconferencing ✓ Town Council Work Session/Meetinq for Proposed Budget&Tax Rate (IfNeeded) Wednesday, August 8, 2020; Time TBD* Westlake Town Hall, Solana Terrace-BIdg.7, Suite 7100-Council Chambers OR via Teleconferencing ✓ Planninq &Zoninq Work Session/Meeting Monday,August 10, 2020; 5:00 pm* Westlake Town Hall, Solana Terrace-BIdg.7, Suite 7100-Council Chambers OR via Teleconferencing ✓ Westlake Academv First Day of School for new 2020-2021 school year Monday,August 24, 2020 (Via Remote Learning) ✓ Westlake Municipal Offices CLOSED for Labor Day Holiday Monday, September 7, 2020 -There will be NO INTERRUPTION to trash and recycling services during this holiday week. Col%ctions will occur on the normal Friday schedule of Sept. 11, 2020. ✓ Town Council Meetinu &Public Hearin4 regarding Proposed Budget&Tax Rate Monday, September 8, 2020; 5:00 pm* Westlake Town Hall, Solana Terrace-BIdg.7, Suite 7100-Council Chambers OR via Teleconferencing ✓ Possib/e Coffee&Conversation with the Mayor/School Board President Monday, September 14, 2020; 8:00—9:30 am (Date moved to Zid Monday due to Labor Day Holiday) Westlake Fire-EMS Station OR via Facebook Live event ✓ Board of Trustees and Town Council Work Session/Meetin4 for Budget/Tax Rate Adoption Monday, September 14, 2020; 5:00 pm* Westlake Town Hall, Solana Terrace-BIdg.7, Suite 7100-Council Chambers OR via Teleconferencing ✓ Westlake Academv First Day of School for in-person instruction Monday, September 28, 2020 (Tentative) Community Interest Items: Westlake Academy New Hires(See attached link for bios for all 3 staff members) https://myemail.constantcontact.com/Secondary-School-Staffin� Announcements.html?soid=1102881281632&aid=ADfZmoOdJ I . Dr.]ames Owen (DP Principal) • Kaylene Rudd (MYP Principal) . Maxwell Ituah (MYP Assistant Principal) (Dr. Bryson will speak about the hiring of each staff inember) *Reminder:Aqendas for all municipal/acacfemic meetings are posted a minimum of72 hours beFore the meeting begins and can be founcf on our Town's website under the tab "Government/.4aendas&Minutes." **For meetin9 aqendas and detai/s on WA ca/endar events or Municipa/ca/endar events,p/ease visit the West/ake Academy website or the Town of Westlake website for further assistance. Board of Trustees Item # 4 — Consent Agenda CONSENT AGENDA: All items listed below are considered routine by the Board of Trustees and will be enacted with one motion. There will be no separate discussion of items unless a Board member or citizen so requests, in which event the item will be removed from the general order of business and considered in its normal sequence. a. Consider approval of Resolution 20-08, Authorizing the Superintendent to execute a Contract with the Education Service Center Region 11 for various Business and Student Support Services for the operations of Westlake Academy. f x��Y���� �,��'� �' { � !�r��t estlake Academy Board of Trustees �� � �"��...,�,��r- TYPE OF ACTION Regular Meeting - Consent Westlake Board Meeting Monday, August 03, 2020 ToP�c: Approval of a Resolution Authorizing the Superintendent to Execute a Contract with the Education Service Center Region 11 for various Business and Student Support Services for the operation of Westlake Academy. STAFF CONTACT: Debbie Piper, Finance Director Marlene Rutledge, Academic Business Manager Strategic Alignment Vision, Value, Mission Perspective Curriculum Outcome Obiective Vision:Westlake Academy inspires college bound students to achieve their highest individual Fiscal Stewardship PYP/MYP/DP Improve Financial potential in a nuturing Stewardship environment that fosters the traits found in the IB Learner Profile. Strategic Initiative Outside the Scope of Identified Strategic Initiatives Time Line - Start Date: September 1, 2020 Completion Date: August 31, 2021 Funding Amount: $60,534 Status - Funded Source - General Fund EXECUTIVE SUMMARY (INCLUDING APPLICABLE ORGANIZATIONAL HISTORY) The Education Service Center Region 11 currently provides support to Westlake Academy for business and student services. This includes training sessions for faculty and staff at discounted rates, compliance training for public education rules and regulations, access to the Technology Resources Education Consortium, as well as software applications and support. These software applications include: payroll, student attendance and registration, special education, grade book, health services, PEIMS, and off-site hosting of the Academy's information systems. New to the contract for FY 2020-2021 is the implementation of ASCENDER, which will replace TxEIS for business and student services. ASCENDER has recently gone live with the student registration portal. The additional services currently operating through TxEIS will be implemented in stages throughout FY 2020-2021. Also new for FY 2020-2021 is the inclusion of the Instructional Solutions and Support contract. This contract includes instructional/professional development, administrator training, digital learning opportunities, classroom resources, and the Canvas Learning Management System for online instruction, which will assist campus administrators and faculty with distance learning. Approval of this resolution authorizes use of those services by Westlake Academy over the next twelve (12) month, fiscal year period beginning September 1, 2020 and ending August 31, 2021. RECOMMENDATION Staff Recommends approval of the resolution authorizing the Superintendent to Execute a Contract with the Education Service Center Region 11 for various Business and Student Support Services for the operation of Westlake Academy. ATTACHMENTS Resolution Contract Summary Report Contract Summary for: • Master Interlocal Agreement (MIA) • ASCENDER Service Fees-previously TXEIS (Co-op Fee, Hosting Fee, EXtracts) • Business Services • Comprehensive Services Basic Contract • Instructional Solutions and Support (new) • Management Information Systems Software & Support Service (ASCENDER Student and Business) • Technology Resources Education Consortium (TREC) • Technology Services • TSDS (PEIMS, student GPS, Dashboard, TIMS, UID, ECDS) • TxTracts WESTLAKE ACADEMY RESOLUTION NO. 20-OS A RESOLUTION OF THE BOARD OF TRUSTEES OF WESTLAKE ACADEMY AUTHORIZING THE SUPERINTENDENT TO ENTER INTO A CONTRACT WITH THE EDUCATION SERVICE CENTER REGION 11 FOR VARIOUS BUSINESS AND STUDENT SUPPORT SERVICES FOR THE OPERATION OF WESTLAKE ACADEMY. WHEREAS, the Westlake Academy has utilized the business and student services of the Education Service Center Region 11, which is responsible for providing training for faculty and staff, providing compliance training for public education rules and regulations, performing the payroll functions in full compliance with the Texas Education Agency (TEA) Financial Accountability System Resource Guide, as well as offering software and information technology training and hosting services to Westlake Academy; and, WHEREAS, additional personnel costs for the Academy would have a greater impact to the Academy's operating budget than utilizing these contracted services offered by the Education Service Center Region 11, and the quality of these services has been exceptional; and WHEREAS, the Board of Trustees finds that the passage of this Resolution is in the best interest of the citizens of Westlake as well as the students, their parents, and faculty of Westlake Academy. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE WESTLAKE ACADEMY, TEXAS: SECTION 1: The above findings are hereby found to be true and correct and are incorporated herein in its entirety. SECTION 2: The Board of Trustees of the Westlake Academy hereby approves the contract with the Education Service Center Region 11 functions at Westlake Academy attached hereto as Exhibit "A"; and further authorizes the Superintendent to execute this agreement. SECTION 3: If any portion of this Resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Board hereby determines that it would have adopted this Resolution without the invalid provision. WA Resolution 20-08 Page 1 of 2 SECTION 4: That this resolution shall become effective from and after its date of passage. PASSED AND APPROVED BY THE BOARD OF TRUSTEES OF WESTLAKE ACADEMY, A CHARTER SCHOOL OF THE STATE OF TEXAS, ON THE 3rd DAY OF AUGUST 2020. Laura Wheat, President ATTEST: Todd Wood, Board Secretary Amanda DeGan, Superintendent APPROVED AS TO FORM: L. Stanton Lowry or Janet S. Bubert, School Attorney WA Resolution 20-08 Page 2 of 2 �D[JCATIDN SERV�CE GENTER � I �� �. 1451 S.Cherry Lane White Settlement,TX 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary Report Last Year Enrollment: 901 Contract Lock Date Enroll Start Enroll End Total ASCENDER Service Fees-Previously 06/18/2020 09/01/2020 08/31/2021 $3,350.00 TXEIS (Co-op Fee, Hosting Fee, Extracts) Benefits Co-op 04/07/2020 09/01/2020 08/31/2021 -- Business Services 06/18/2020 09/01/2020 08/31/2021 $22,500.00 Comprehensive Services Basic Contract 06/18/2020 09/01/2020 08/31/2021 $650.00 Instructional Solutions and Support 07/24/2020 09/01/2020 08/31/2021 $8,604.00 Management Information Systems 06/18/2020 09/01/2020 08/31/2021 $17,130.00 Software&Support Service(ASCENDER Student and Business) Technology Resources Education 06/26/2020 09/01/2020 08/31/2021 $2,300.00 Consortium (TREC) Technology Services 07/24/2020 09/01/2020 08/31/2021 $2,000.00 TSDS (PEIMS, studentGPS 06/18/2020 09/01/2020 08/31/2021 $2,750.00 Dashboard,TIMS, UID,ECDS) TxTracts 07/24/2020 09/01/2020 08/31/2021 $1,250.00 Print Date: 7/24/2020 $60,534.00 Each party paying for the performance of governmental functions or services must make those payments from current revenues available to the paying party. Signature of Board President or Designee Date Approved by Board of Trustees Signature of Superintendent or Designee Date Marlene Rutledge,Academic Business Mgr mrutledge@westlake-tx.org Designated District Contact E-mail of District Contact Please fax or e-mail to: For additional information,contact: Education Service Center Region 11 Dr. Clyde W. Steelman,Jr. Atten:Dr.Clyde W. Steelman,Jr. (817)740-3630 1451 S. Cherry Lane clydes@escl l.net White Settlement,Texas 76108 Fax (817)740-7675 clydes@escll.net ESC Region 11 Executive Directar Signature Print Date: 7/24/2020 EDUCATION S�RV1C� CEf�TER � I �- 1 r M r In rl al aste te oc Agreement (MIA) This Master Interlocal Agreement ("Agreement") is made by and between Education Service Center Region 11 (`BSC Region 11") and Westlake Academy Charter School ("Local Government"), (collectively referred to as the "Parties" or individually as the"Party") acting herein by and through their respectively authorized officers or employees. PREMISES WHEREAS, Chapter 791 of the Texas Government Code authorizes local governments to contract with each other to provide governmental functions and services; and WHEREAS, The Parties wish to enter into this Agreement to provide local governments with greater efficiency and economy in purchasing products and services; and WHEREAS, the governing bodies of the Parties, individually and together , do hereby adopt and find the foregoing promises as findings of said governing bodies; and NOW THEREFORE, premises considered, and in consideration of and conditioned upon the mutual covenants and agreements,herein, the Parties hereto mutually agree as follows: AGREEMENT 1. Term: This Agreement is effective from the date of the last signature and shall automatically renew annually unless either party gives sixty (60) days prior written notice of non-renewal. 2. Purpose: This Agreement sha1L• (1)Allow the Local Government to purchase products or services by purchase orde� contract, agreement, or other appropriate legal method from ESC Region ll; and(2) Allow the Local Government to join ESC Region 11-sponsored purchasing cooperatives in order to purchase products or services from vendors which have been properly awarded contracts through statutorily authorized methods. 3. Relationship: The relationship between the Parties is that of Independent Contractor. Neither Party has the authority to bind the other in any manner The Local Government may be required to enter into subsequent contractual arrangements with ESC Region 11 for specific products or services. 4. Agreement and Interpretation: The Parties covenant and agree that any litigation relating to this agreement, the terms,and conditions of the agreement will be interpreted according to the laws of the State of Texas and venue shall be exclusively in Tarrant County, Texas. 5. Each party paying for the performance of governmental functions or services must make those payments from current revenues available to the paying party. Local Government ESC Region 11 Westlake Academy Charter School 220-810 1451 S. Cherry Lane White Settlement, Texas 76108 Name of Local Government Attn: Purchasing 2600 JT Ottinger Rd, Westlake, TX 76262 Address of Local Government Marlene Rutledge, Academic Bus Mgr (817)490-5737 Authorized Representative Signature Date Contact Name and Telephone Number Board President or Authorized Rep Signature/Date Authorized Representative Title Board Approval Date (if applicable) oz/13/zozo EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for Master Interlocal Agreement .2 Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price The Master Interlocal Agreement allows districts to participate in purchasing services through ESC Region XI bidding processes. NOTE: Even if your district has signed an Interlocal Agreement in the past, this automated contract system REQUIRES YOU TO SIGN UP for this new Interlocal Agreement this year only. This new Interlocal Agreement allows districts to sign up for the following contracts: Benefits Cooperative, Bus Driver Drug Testing,Web Hosting, TETPC, and MrLibs as well as future services/contracts that require an Interlocal Agreement. If it is your intent to utilize the Master Interlocal Agreemen, please check the 0 box on the right. Please click the box on the right and"Save Contract."Click on "Contract Home"and print the pdf of this Interlocal Agreement to take to your Board for approval. Total: $- Contract Contact: Marlene Rutledge mrutledge@westlake-tx.org (817)490-5737 NOTE: Please print the pdf file for this Master Interlocal Agreement and take it to your Board for approval.This signed agreement page must be submitted to ESC Region 11 with Board President signature. 84 CID#: 2517 Print Date: 6/18/2020 Page 1 of 1 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for ASCENDER Service Fees-Previously TXEIS (Co-op Fee, Hosting Fee, Extracts) „25 Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price Please indicate in the box on the right whether your district is self-hosting ESC Region 11 the TxEIS Business and/or Student software or if it is being hosted by ESC Hosted Region 11. If your district is self-hosted, please indicate the number of users in the box to the right. Please select the number of users that will use the TxEIS software. (Do not 1 -30 users include teachers that use Gradebook) TxEIS Co-op License Fee $350.00 TxEIS Hosting Fee $3,000.00 Adjustment Total: $3,350.00 Contract Contact: Marlene Rutledge mrutledge@westlake-tx.org (817)490-5737 90 CID#: 16870 Print Date: 6/18/2020 Page 1 of 1 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for Business Services v33 Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price If you wish to sign up for Business Services, please indicate the service for Payroll Support which you wish to contract in the box on the right. Services Only Fee(see Business Service Contract Price List in the"Business Center $22,500.00 Handbook") Do you wish to sign up for the Requisition Module? If yes, please enter the amount of users in the box on the right. "A Requisition Module fee of$580+$20 per user will be applied. Bank Reconciliation: Enter the number of bank accounts that will be reconciled by ESC Region 11's Business Center in the box on the right. $250 per month for the first bank account,$50 per month for each additional account. Contract Adjustment Business Manager Service Fees(Call for quote Brandilyn DePalma (817)740-7610) By clicking the box on the right, I,as an authorized representative of the 0 above mentioned LEA/Charter,agree to the terms of the attached"Business Center Handbook"stating LEA/Charter Responsibility and ESC Region 11 Business Center Responsibility and Business Center Price List. Total: $22,500.00 Contract Contact: Marlene Rutledge, mrutledge@westlake-tx.org, (817)941-4464 36 CID#: 17098 Print Date: 6/18/2020 Page 1 of 2 Additional fees will be charged for public schools having more than five campuses or more than one payroll frequency. Superintendent or Approved Designee Date Executive Director Education Service Center Region 11 Date Note: 1.Use the Printer Icon located to the right of the contract name on the Contract Home page to print a copy of this contract. Click on Review/Submit Contracts on the contract home page. ESC Region 11: Return a signed and dated copy to the district. 36 CID#: 17098 Print Date: 6/18/2020 Page 2 of 2 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for Comprehensive Services Basic Contract �� Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price Do you wish to sign up for the Comprehensive Services Basic Contract?If Public $650.00 yes, please select your LEA's classification from the box on the right. (Independent) Public(Charter) Total: $650.00 Contract Contact: Marlene Rutledge mrutledge@westlake-tx.org (817)490-5737 32 CID#: 16606 Print Date: 6/18/2020 Page 1 of 1 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for Instructional Solutions and Support �z5 Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price ESC Region 11 has combined three of its most popular contracts into one inclusive package that provides exceptional offerings at an incredible value. The Administrative Services, Instructional Services,and Digital Learning contracts are now blended to form the new Instructional Support and Solutions Contract.This new contract provides all of the major benefits of each individual contract and features an added bonusa€;virtually no registration fees! If you would like your LEA to use the Instructional Services and Support 0 $8,604.00 Services, please check the box on the right. Total: $8,604.00 Contract Contact: ESC 11 Shannon Johnson sjohnson@esc11.net District Contact: Marlene Rutledge mrutledge@westlake-tx.org (817)490-5737 127 CID#: 16607 Print Date: 6/18/2020 Page 1 of 1 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for Management Information Systems Software 8� Support Service (ASCENDER Student and Business) �,z Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price ASCENDER STUDENT If you wish to sign up for the ASCENDER Student Software Contract, please 1.00 enter the number of regular instructional campuses using this software in the box on the right. ASCENDER Student Annual License Fee $6,065.00 Please indicate the number of alternative campuses in your district using this software in the box on the right. ASCENDER Student Software License Fee(Alternative Campuses) Is this your FIRST year to contract with ESC Region 11 for your student system software?If yes, please select the option(s)you wish to purchase in the boxes below: First-Year LEA Installation Fee First-Year Campus Training Fee First-Year Conversion of Data from Prior Vendor Fee Do you wish to add the ASCENDER Teacher Gradebook Portal Option?If yes, 40.00 $1,200.00 enter the number of district-wide ASCENDER Teacher Portal users(Number of TEACHERS) in the box on the right. Do you wish to add the ASCENDER Teacher Attendance Portal Option?If 1.00 $500.00 yes,enter the number of campuses using ASCENDER Teacher Portal in the box on the right. 91 CID#: 16948 Print Date: 6/18/2020 Page 1 of 2 Do you wish to add the ASCENDER Health Application System?If yes, please 1.00 $450.00 enter the number of campuses using this system in the box on the right. ASCENDER BUSINESS If you wish to sign up for the ASCENDER Business Software Contract, please 0 check the box on the right. ASCENDER Business System Annual License Fee $7,415.00 Please indicate the number of employees in your LEA in the box on the 100.00 $500.00 right. Is this your FIRST year to contract with ESC Region 11 for your Business software? If yes, please select the option(s)you wish to purchase in the boxes below: First-Year Installation and Training Fee First-Year Conversion of Data from Prior Vendor If you wish to sign up for the Requisition/Purchase Order System, please 20.00 indicate the number of users in the box on the right. Requisition/Purchase Order Annual License Fee $600.00 Requisition/Purchase Order User Fee $400.00 Adjustment Total: $17,130.00 Contract Contact: Marlene Rutledge mrutledge@westlake-tx.org (817)490-5737 *Annual licensing fee provides software maintenance, support, and all regularly scheduled training sessions,workdays, and user meetings. 91 CID#: 16948 Print Date: 6/18/2020 Page 2 of 2 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for Technology Resources Education Consortium (TREC) „46 Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price The following fees reflect your LEA's quoted TREC services. TREC Library Management Service 1,450.00 $1,450.00 TREC Resource Management Services 850.00 $850.00 TREC Data Services Enter ESC Region 11 quoted adjustment(if any) Total: $2,300.00 Contract Contact: ESC11: Kayla Steiner, ksteiner@esc11.net, 817-740-7659 District contacts:Amy Hess ahess@westlakeacademy.org Marlene Rutledge mrutledge@westlake-tx.org (817)490-5737 48 CID#: 17055 Print Date: 6/18/2020 Page 1 of 1 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for Technology Services �5 Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price If your district would like to participate in the Tech 11 Services contract, 0 $2,000.00 please check the box to the right. CLOUD AND COLOCATION SERVICES DDoS Mitigation-Included This network-based cloud solution offers advanced detection and mitigation technology that minimizes the impact of DDoS attacks by re-routing all traffic to one or more scrubbing centers.As a result, only clean traffic is delivered.This service provides scalable and flexible protection, including authorized,automatic and self mitigation support options. Unlimited amount of scrubs are provided to contract districts. DNS Services-Included ESC Region 11's authoritative name servers can host your districta€T"'s DNS zones as a primary or secondary source.Secondary zone hosting can provide off-site redundancy for your districta€T"^s existing primary name server. Primary zone hosting includes management of any new records or adjustments via support requests to a dedicated ESC Region 11 support technician. Offsite Backup Storage-Reduced Rate ESC Region 11 will provide offsite storage for districts on a monthly subscription agreement.Storage is available in 1TB increments. Connectivity will be set up to the district to ensure secure transport of files to the ESC Region 11 data center. Storage needs can be expanded as needed,and districts will be billed monthly only for the allocated amount. 130 CID#: 17023 Print Date: 6/18/2020 Page 1 of 3 Rackspace-Reduced Rate(As Available) Space in a standard 19"rack within the ESC Region 11 data center can be purchased as available. Rackspace service includes attachment to the UPS with backup power from a dedicated generator. Location is secured with video monitoring as well as guided access to the room with a log of all visitors and timestamps. Badge and fingerprint verification is on both access doors with a separate badge access between the telecom equipment room and server racks. Rackspace is available in increments as small as 1 standard Rack Unit(1RU). Needs can be expanded as needed,and districts will be billed monthly for the allocated space. INFRASTRUCTURE SERVICES Bandwidth Monitoring-Included Access to the portal will provide visibility to bandwidth utilization graphically and in report formats. Core, hub, and local router paths will be displayed for connectivity link status for quick views of network availability. Logins are provided for districts to view their content from any web-based location and device.Access to this service is available to FIBER11 districts only. Network Assessment-Reduced Rate A full assessment of the district network will include documentation, diagrams,findings,and recommendations.A full list of questions and deliverables is available on request.A further reduced rate is available for return visits within two years of the initial or repeat assessments to keep all documentation current for the district. Network Diagramming-Reduced Rate The purpose of the network diagram is to demonstrate how one computer or system is linked to others within the network. ESC Region 11 will provide logical and physical diagrams in small or large format as well as in Visio and PDF format for portions or the entirety of the district network.A custom quote will be provided based on the number of locations within the WAN.The engagement will consist of both on-site and remote discovery by trained ESC staff. Local Network Monitoring-Reduced Rate Monitoring of the local district network is available to assist and notify districts in a timely manner of network failures and outages within the district.Setup and configuration services are included with this service, with notifications delivered to specified district personnel and ESC Region 11 personnel (if requested). TECHNICAL ASSISTANCE Onsite Technical Support or Planning Services- 1-Day Incl., Reduced Rate ESC Region 11 technicians and engineers can provide on-site support for PCs, devices,applications, network,strategic planning,security planning,and more. Needs and assistance are provided on an as-needed basis and can be scheduled in half-day or full-day increments. Excluding emergency situations, it is recommended to schedule the day(s)in advance to ensure availability of appropriate personnel to fulfill the request. 130 CID#: 17023 Print Date: 6/18/2020 Page 2 of 3 TEA/NIST Security Se/f-Assessment Assistance-Included ESC Region 11 will provide two days per year for district staff to attend the self-assessment workshops to assist in completion, updating, and policy creation.Templates are developed and updated throughout the year and will be available to help districts stay ahead of the game on requirements and to strengthen the security posture of the district. Disaster Recovery Framework Planning-Included ESC Region 11 will provide two days per year for district staff to attend disaster recovery planning workshops to assist in completion, updating, testing and evaluation of the district disaster recovery plan.Templates will be provided to contract members to assist in getting started with or enhancing the district disaster recovery plan. Recommendations and reduced rate solutions will be available for districts. Onsite or Remote Server Assistance-Reduced Rate To assist districts with costs,the existing ESC Region 11 Network Server Contract will be rolled into the membership costs and provided for all districts on an as-needed basis at a reduced rate per instance. Assistance will be provided by skilled technicians and engineers to ensure that servers are performing at an optimal level. TECHNICAL TRAINING Customized Technical Training-Reduced Rate ESC Region 11 offers customized technical training that will be delivered at your location of choice. Experienced staff will provide technical training to meet the need of each individual district.Training can be provided to meet professional development requirements or for new or existing technologies within the district. Customized sessions will also include an online platform for the session that will house documents and provide the ability to review the content at a later date. Proper lead time for customized training is required for scheduling and preparation. Staff Security Awareness Training-Reduced Rate ESC Region 11 will provide proactive face-to-face Security Awareness training of district employees.Training will include best practices, policies, procedures, popular attack methods,and trends.Some customization will occur to identify items specific to your district,such as password policies, procedures,etc. Offsite Meeting Space-Reduced Rate Meeting space will be available for member districts at a reduced rate at the new ESC Region 11 Technology Center opening in Spring of 2020.The conference center space will accommodate 35-40 people comfortably with amenities that include audio/visual equipment, wireless Internet,coffee, microwaves, catering (available), parking,and cleaning services.The conference center is available for half-day or full-day rental. Total: $2,000.00 130 CID#: 17023 Print Date: 6/18/2020 Page 3 of 3 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for TSDS (PEIMS, studentGPS Dashboard,TIMS, UID,ECDS) �,o Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price Please select the following TSDS services for which your district will use. TSDS PEIMS Support-Please select the options(s1 that applies to vour district: PEIMS Support(all districts and charter schools) 0 $2,750.00 PEIMS TSDS First Year Training (also select this checkbox if this is your district's first year to submit TSDS PEIMS) Adjustment Total: $2,750.00 Contract Contact: Marlene Rutledge mrutledge@westlake-tx.org (817)490-5737 106 CID#: 16871 Print Date: 6/18/2020 Page 1 of 1 EDL.ICATIDI� SERViC� CENTER I 1451 S.Cherry Lane White Settlement, Tx 76108 WESTLAKE ACADEMY CHARTER SCHOOL Contract Summary for TxTracts �2 Enrollment Period: 09/01/2020 - 08/31/2021 Last Year Enrollment: 901 Answer Price TxTracts is a solution that streamlines the data import and export process with TxEIS and third-party publishers.TxTracts offers a dynamic approach to integrating business and student information with a web-based management interface to improve your TxEIS data integration and reporting. Will your district use TxTracts solutions this year?If yes, check the box � to the right. Select the Tier level of Daily Extracts your district will use: Tier 1: 1-5 Daily Select the Tier level of Monthly Imports your district will use: No Monthly Imports Base Plan fee $1,000.00 Daily Extracts fee $250.00 Monthly Imports fee Total: $1,250.00 Contract Contact: ESC11-Stephanie Smelley ssmelley@esc11.net 817-740-7602 District Contact: Marlene Rutledge mrutledge@westlake-tx.org (817)490-5737 133 CID#: 16872 Print Date: 6/18/2020 Page 1 of 1 Board of Trustees Item # 5 — Discussion Items a. Presentation and discussion of the 2020-2021 Academic Calendar. b. Presentation and discussion concerning the 2020 Westlake Academy (WA) student performance on International Baccalaureate (IB) and Advanced Placement (AP) assessments. c. Discussion Regarding the Back to School Plan for the 2020-2021 Academic School Year. ' �������� � � ��•.' R '� ��}���� estlake Academy Board of Trustees �� { �������� TYPE OF ACTiON Workshop - Discussion Item Westlake Board Meeting Monday, August 03, 2020 ToP�C: Presentation and Discussion Regarding 2020-2021 Academic Calendar STAFF CONTACT: Dr. Mechelle Bryson, Executive Director and Alan Burt, AD/Student Life Coordinator Strategic Ali�nment Vision, Value, Mission Perspective Curriculum Outcome Ob'ective Mission: Westlake Academy is an IB World School whose mission is to provide students with an Improve the internationally minded Academic pyp�MYP/DP Efficiences of education of the highest Operations Operational Systems quality,so they are well- balanced life-long learners. Strate�ic Initiative Outside the Scope of Idenrified Strategic lnitiatives Time Line - Start Date: August 10, 2020 Completion Date: June 1, 2021 Funding Amount: N/A Status - N/A Source - General Fund EXECUTIVE SUMMARY (INCLUDING APPLICABLE ORGANiZATIONAL HISTORY) Westlake Academy's mission is to provide students with an internationally minded education of the highest quality, so they are well-balanced life-long learners. In light of COVID-19, the 2020- 2021 Academic Calendar needed adjusting. The purpose of this presentation is to provide an update to the Board of Trustees of Westlake Academy to the changes made to the 2020-2021 Academic Calendar. The presentation will focus on the following: Page 1 of 2 • Start of school; • Parent-Student-Teacher Conference days; • Professional Learning prior to the start of the school year; • Professional Learning within the school calendar; • School day extended by five minutes; and • Holidays. Indeed, even in the unprecedented era of COVID-19, Westlake Academy was able to pivot and adjust operations to meet the unique needs of our community. RECOMMENDATION Staff recommends approval of the Proposed 2020-2021 Academic Calendar. ATTACHMENTS 2020-2021 Proposed Academic Calendar Page 1 of 2 Yearly Calendar �..,.,� STAFF-169 school days+14 PD Days+0 Conference Days+Graduation+3 FLEX Days=187 �'} Westlake Academy Sem. 1 Sem. 2 Total � } Academic Calendar 2020-2021 75 92.5 167.5 a � ��Kw�.,�`'� A Da s B Da S Minutes- 74,360+ 630+ 2050= 77,040(1,440 "extra"minutes) � � - . . - � � • . � - � � 1 . S M T W Th F Sd S M T W Th F Sd S M T W Th F Sd August 20-PYP Back to School(Remote) 1 1 2 3 4 5 1 2 3 20-Secondary Back to School(Remote) 2 3 4 5 6 7 8 6 7 8 9 10 11 12 4 5 6 7 8 9 10 24-First Day of School 9 10 11 12 13 14 15 13 14 15 16 17 18 19 11 12 13 14 15 16 17 September 7-Holiday NO SCHOOL 16 17 18 19 20 21 22 20 21 22 23 24 25 26 18 19 20 21 22 23 24 October 8-End of First Quarter(Ql) 23 24 25 26 27 28 29 27 28 29 30 25 26 27 28 29 30 31 9-Professional Development/Student Holiday 30 31 6 21 19 12-Holiday NO SCHOOL 28-Professional Development/Student Holiday • � " � � � ' � " � � � November 20-Half Day/Early Release S M T W Th F Sa S M T W Th F Sa S M T W Th F Sd 23-27 Thanksgiving Break 1 2 3 4 5 6 7 1 2 3 4 5 1 2 December IS-18-Final Exams 8 9 10 11 12 13 14 6 7 8 9 10 11 12 3 4 5 6 7 8 9 18-Half Day/End 2nd Second Qtr(Q2) 15 16 17 18 19 21 13 14 19 10 11 12 13 14 15 16 End 1 st Semester/Early Release 22 23 24 25 26 27 28 20 21 22 23 24 25 26 17 18 19 20 21 22 23 21-January 5 Winter Break 29 30 27 28 29 30 31 24 25 26 27 28 29 30 January 5-Professional Development/Student Holiday 15.5 13.5 31 17.0 18-Holiday NO SCHOOL February 12-Professional Development/Student Holiday ' � � � ' � � 15-Holiday NO SCHOOL S M T W Th F Sa S M T W Th F Sa S M T W Th F Sd March 12-End of Third Quarter(Q3) 1 Z 3 4 5 6 1 2 3 4 5 6 1 2 3 15-19 Spring Break 7 8 9 10 11 12 13 7 8 9 10 11 12 13 4 5 6 7 8 9 10 April 1 -Professional Development/Student Holiday 14 15 16 17 18 19 20 14 15 16 17 18 19 20 11 12 13 14 15 16 17 2-Holiday NO SCHOOL 21 22 23 24 25 26 27 21 22 23 24 25 26 27 18 19 20 21 22 23 24 May 25-28 Final Exams 28 28 29 30 31 25 26 27 28 29 30 28-Half Day/End of Fourth Quarter(Q4) 18 17 21 End 2nd Semester/Early Release May 29-Senior Commencement � � � June 1-Professional Development/Student Holiday S M T W Th F Sa S M T W Th F Sa S M T W Th F Sa 1 1 2 3 4 5 1 2 3 2 3 4 5 6 7 8 6 7 8 9 10 11 12 4 5 6 7 8 9 10 9 10 11 12 13 14 15 13 14 15 16 17 18 19 11 12 13 14 15 16 17 16 17 18 19 20 21 22 20 21 22 23 24 25 26 18 19 20 21 22 23 24 23 24 29 27 28 29 30 25 26 27 28 29 30 31 30 31 19.5 First/Last Day of School � Early Release Days Parent/Student Conferences-All Day Holiday NO SCHOOL Semester Exams/PYP Assessments Professional Day/Student Holiday Senior Commencement �x��Y��� { • �, �,��ti�'� ,�• { # ��r�t estlake Academy Board of Trustees �� � �"��...,�,��r- TYPE OF ACTION Workshop - Discussion Item Westlake Board Meeting Monday, August 03, 2020 ToP�c: Presentation and discussion concerning the 2020 Westlake Academy(WA) student performance on International Baccalaureate (IB) and Advanced Placement (AP) assessments. S'rAFF CoNTAC'r: Dr. James Owen, DP Principal and DP Coordinator Strategic Alignment Vision, Value, Mission Perspective Curriculum Outcome Ob'ective Academic Increase the Future Academic Excellence Operations MYP/DP Readiness of All Students Strategic Initiative Outside the Scope of Identified Strategic Initiatives Time Line - Start Date: June 1, 2010 Completion Date: Ongoing Funding Amount: N/A Status - Not Funded Source - N/A EXECUTIVE SUMMARY(INCLUDING APPLICABLE ORGANIZATIONAL HISTORY) This presentation will examine and discuss the 2020 student performance on IB and AP assessments. It will include data analysis in the context of IB global performance, AP global performance, and WA historical trends. RECOMMENDATION N/A ATTACHMENTS N/A .��������5 {� • �4 ;�.����'� .�• { # dr� r ; t estlake Academy Board of Trustees � { ���4������ TYPE OF ACTiON Workshop - Discussion Item Westlake Board Meeting Monday, August 03, 2020 ToPiC: Discussion Regarding the Back to School Plan for the 2020-2021 Academic School Year STAFF CONTACT: Amanda Degan, Superintendent Strate�ic Alignment Vision, Value, Mission Perspective Curriculum Outcome Ob'ective Mission: Westlake Academy is an IB World School whose mission is to provide students with an Academic Optimize Student internationally minded Operations PYP�MYP�DP Potential education of the highest quality,so they are well- balanced life-long learners. Strate�ic Initiative Outside the Scope of Idenrified Strategic lnitiatives Time Line - Start Date: August 10, 2020 Completion Date: June 1, 2021 Funding Amount: N/A Status - N/A Source - General Fund EXECUTIVE SUMMARY (INCLUDING APPLiCABLE ORGANiZATIONAL HISTORY) The Academic and Municipal team has been thinking ahead to the fall and diligently working on developing a draft back to school plan for many months. Faced with ever-changing regulations and evolving public health information,we have created a committee to discuss,review and evaluate the recommendations that are contained within the draft plan. We created four committees: • The Food Services, Extra Curricular Activities and Sports committee chaired by Alan Burt and Maru Busico-Flight Page 1 of 2 • Operations committee chaired by Becki Paquin and Carl Tippen • Academic committee chaired by James Owen, Alison Schneider and Terri Watson • Health and Safety committee chaired by Rod Harding and Troy Meyer These committees met frequently throughout the summer and reported weekly to a group consisting of Amanda DeGan, Mechelle Bryson,Noah Simon, Jarrod Greenwood and the principals of the Academy to formulate the draft plan. Additionally, this group took into consideration the ever-changing recommendations for re-opening schools coming from state leaders and public health officials. The team sent surveys to staff parents, soliciting their feedback to help guide the planning efforts. Additional information and guidance came from the superintendents of other districts, TEA Commissioner Mike Morath, Tarrant and Denton County Judges and local public health officials. RECOMMENDATION Staff will be available to present the plan and answer questions. ATTACHMENTS Academic Protocols for the 2020-2021 Year Page 1 of 2 Academic Protocols for the 2020-2021 School Year Dear Westlake Academy Families, Westlake Academy utilized a committee to organize and develop the academic systems for the start of the 2020-2021 school year. The committee, led by the International Baccalaureate (IB) Coordinators, is composed of inembers from various departments and grade levels to build upon a diverse set of knowledge, perspective and expertise. The committee met weekly throughout June and July in preparation for August 2020. The following information is based on official guidance given by TEA as of July 17, 2020. Any changes in official TEA guidance may lead to changes in the instructional delivery options. All instructional options must address the required curriculum per the Texas Education Code 28.002. Instructional delivery for August 24, 2020 to September 25, 2020 (and if a mandatory school closure occurs) During mandatory school closures, remote learning offered by Westlake Academy will consist of both synchronous and asynchronous learning activities, aligned with the Planning Guidance provided by TEA. • The remote learning aspect of hybrid learning will use both asynchronous and synchronous learning. • Synchronous learning is defined as two-way, real-time, live, instruction between teachers and students, through the computer or other electronic devices. • Asynchronous learning is a curricular experience where students engage in the learning materials on their own time, interacting intermittently with the teacher via the computer or other electronic devices. • Parents will support their students to encourage preparedness for the remote learning environment. This includes managing the device to ensure it is charged, creating an appropriate place to work at a table or desk, and engaging their child in remote learning activities. • Students will be expected to be engaged and will be held accountable for their learning, including homework assignments, and both informal and formal assessments. • Due to these rigorous demands of the Texas Essential Knowledge and Skills, the requirements of the IB, and TEA attendance guidelines, students will be required to participate in learning activities Monday through Friday. • Teaching and learning will embrace the mission and vision of the IB through a focus on Approaches to Learning, the Learner Profile, International Mindedness and an inquiry-based approach. Page 1 of 13 • Attendance will be taken synchronously at the beginning of each class. It is expected that students are logged in and ready to engage in learning activities on time. Primary Years Programme Schedule PYP teachers will provide a detailed schedule for students to follow for their synchronous lessons. Students will have both scheduled and flexible learning times daily. Families can expect to spend the following average times per week: • Kindergarten-2nd: 2 hours 30 minutes (synchronous) plus and additional 3 hours (asynchronous) • 3rd-5th grade: 3 hours (synchronous) plus and additional 2 hours 45 minutes (asynchronous) • These times are an average and these times will vary depending on a variety of factors such as student strengths, the type of assignment, and the work assigned by all the teachers cumulatively (including art, music, PE, and Spanish) • Flex time has been built into the daily schedule. This allows for students to complete assignments independently, attend small group instruction, and conference with teachers as needed. The following is a DRAFT of the PYP weekly remote learning schedule: Page 2 of 13 Au�ust 24- September 25, 2�2a f aurth fi111A� Kin�r art�n �irst Gr2de 5ec�nd Grade '�hrrd Gr�de Grad� �ifth Gra�e T:S�-5:0� Students�ep�ar+e far the day 8:04-8-15 Flex Time 5�pan�st+ Flex TiRle 8:15�$:3� �'O°�k Meet Govgle Meet �'�oogle AAeet ---__._ Lan�sage Arts La�gu.age Arls Language M� . _ . 8:3Q�S:45 �UDf Flex Tlme � �aq�e kAaet 8:4$-9:�0 B-eaklT�nsrtion T rn� �:QQ-9_15 �� . Spe�aea k1t?I - Spepa�a U� ����� ^ �ai�+Tfarts�t� Gaogie i4F� 9:15-9:3p _ � -,�, :. � .;c�ogle Meex C'�agle Meet Gaogle Meet firea�Irar�,_ .-�eaw�Irans�t+an �angu�e Ans L�+�uBge Arts L�ngu�ge Atts 9:3d-9:45 an Tim�e Sp�,y��U� , Time 9:��-1 g:�� �"�r' G°°q�s Meek ��� ti�:d0-ta.'t5 �reak�Trans�t�on T�rne B��1a r..� -.r �., ? -,tie �a.i'�-t�.3b � 5pa�els U�1 ' 10:30-TD;45 �i°Ogle Meet Google AAee! C,00gk Meet S�� � �+o��� : Mamemat�cs Malhemaucs hAalhematic� - ,�oagle Meet fikatt�ema�ic5 1a:s�-11:ao &eaklrrans�tior,r�r,e 11_DO-71:15 Flex Time: Breaklfirans�b 'Studer+�s�omplete aN seld•paced ass�gnnne��ls le Meet le AAect �sr T�mt� i 1:15-41:3� iar the day.�r�cludirtig s�ience and social studies_ �'� �'� - -- i�:30-t 1:45 'Smal�gfoup�nstruc�ort aptio�s M8�Bm8IiCS M�them�bCs ` 'Taachers hos!Rematie DIf�Nnurs �pad�e LIDI £�Me�t 11:�5-42:6� 12:00-12:�5 - - 1Z-1v-�2;30 Break lor Lunch 12;00-1;D� 1�:3Q-12:45 1 Z:45-1.44 1:00-1:15 1:15•�:30 1:30-�:AS �#ex Time: FEex�irrre: •�tudents aomWete an se��-v�ced as�me++i� 'St+adants aa+r+u�etc an sel�-vaoed 1:�1b-2:OG �or�ne day,+r�dudfng sc�enc�and social studies- �"ments far Ine Oay, inc�uding sdence 2:d��:1d '�rnart�+n�W�slruC�dn op�br�s and soaal s�ud+es. '7escf�ers has!RemoUe Df'fic�Fioura 'Sma#I gro�p�nstru�t�an vp4ons 2:16-2:9d •Tear�hers r�t Remote Dlfiae Hcurs 2:3Q-2:4� 3;G0-3:1 S TEA Requirements Westlake Academy PYP Requirements Page 3 of 13 • Seesaw will be used for grades K-5. Daily Progress in . In addition, Showbie will be used for grades 2-5. Learning Management Seesaw and Showbie will be the platforms used to track daily student System engagement with self-paced, independent assignments (asynchronous learning). This time would be used for skill practice,reading, and creating products to showcase learning. Daily Progress via The homeroom teacher designs learning and teaching student/teacher assignments/assessments to be delivered remotely via Google Meet interaction sessions (synchronous instructional delivery). Daily interaction could take on many forms such as: • Whole group instruction at a scheduled time • Small group collaborative learning sessions with the teacher at a scheduled time • Individual learning sessions with the teacher, scheduled in coordination with the student's caregiver. In addition, we strive to strike a balance between academic instruction and social/emotional education during Google Meets. This will be especially important at the beginning of the school year as we create a community of learners. Relationships set the tone for a successful learning environment. The following is a DRAFT of the MYP and DP weekly remote learning schedule PERIOD MYP: 6-8 MYP: 9-10 PERIOD DP 1/5 7:55-9:20 7:55-9:20 1/5 7:55-9:20 Break 9:20-9:35 9:20-9:35 Break 9:20-9:35 2/6 9:40-11:05 9:40—ll:05 2/6 9:40-11:05 Lunch 11:05-11:35 11:05-11:35 3/7 11:10-12:35 3/7 11:40-1:00 11:40-1:00 Lunch 12:35-1:05 Page 4 of 13 Break 1:00-1:15 1:00-1:15 4/8 1:15-2:35 1:15-2:35 4/S 1:10-2:35 Flex time 2:40-3:15 2:40-3:15 Flex time 2:40-3:15 • Each course will be synchronous and asynchronous each day, with a minimum threshold of 50% of class time each week taught synchronously or actively engaged with a teacher. • Teachers have the flexibility to provide more than 50% synchronous learning depending on the content, place and order of the learning, or to provide additional support or enrichment. • Synchronous learning, conducted via Google Meet, will fully embrace the IB philosophy, promoting discussion, inquiry and reflection. • Assignments undertaken during asynchronous learning will allow for individualized feedback from teachers. • Asynchronous learning may also take the form of students watching their teacher's pre-recorded lecture, which will be followed by synchronous discussion. (This is often referred to as a "flipped classroom".) • In the Diploma Programme, asynchronous learning time, where appropriate, will also be used strategically to focus on the Internal Assessments. • Additional student support is available each day during the flex time at 2:40- 3:15pm. Instructional delivery options starting on September 28, 2020 Westlake Academy families with students in grades K-8 will be asked to choose either in- person or fully remote learning. Families with students in grades 9-12 will be offered either a hybrid option or fully remote learning. This selection must be made prior to August 10, 2020 pending any other Tarrant County Health Orders. It will come into effect on September 28, 2020 and remain in place for the first nine-week grading period. The exception to this is if a student is participating in on-campus education and develops symptoms of COVID-19 or must quarantine. In-Person Learnin K-12 Commonalities PYP Grade K-5 MYP Grades 6-8 Hybrid Learning (Grades 9-12 only) • In-person instruction is • In-person • Students who • See hybrid traditional at-school instruction is attend in-person information learning, with regular traditional at- instruction will below class sizes, following the school learning, be scheduled into regular school schedule. with regular the courses they Page 5 of 13 • All staff and students class sizes, selected last will receive training on following the spring during safety and health regular school course selection. protocols consistent with schedule. these guidelines. • Additional safety protocols and social distancing will be implemented based on guidelines given by public health officials and government entities. These protocols are outlined earlier in this plan. Remote learnin K-12 Commonalities PYP Grade K-5 MYP Grades 6-8 Hybrid Learning (Grades 9-12 only) • Teachers will use the • On September • Where possible, • See hybrid same curriculum as 28, remote students will information students who attend in- learning have access to below person instruction and procedures for recordings of will design strategies for PYP students direct-teaching learning in the remote will continue as and in-class environment. outlined above. learning. • Grading will be • Where possible, consistent with the students will be guidelines and practices able to used in all in-person collaborate with instruction. their in-person learning peers. Hybrid learning (grades 9-12 only) Following guidance given by the TEA on July 17, 2020, in grades 9-12, school systems may offer a less than daily on campus instructional experience if there is a need to reduce the total count of people on campus at any one time to maintain social distancing. Per TEA guidelines, for campuses that select a hybrid model (a combination of in-person learning and remote learning), in-person learning must be available for at least 40% of the instructional days during a grading period. For grades 9-12, families will choose either the hybrid option or fully remote. It is important to note that we will not offer face-to-face instruction 5 days a week for students in grades 9-12. This is due to the logistical nature of the campus. Hybrid schedule Page 6 of 13 Students in each grade level from 9 to 12 will be divided into two cohorts: Navy and Maroon. Navy will be for students with last names from A to L; Maroon for students with last names M to Z. Students living in the same household will be scheduled into the same cohort. Students will receive two days of in-person instruction using the traditional A/B block schedule, followed by two days of remote learning. Over the course of every four weeks, each cohort will receive ten days of in-person learning (five A days and five B days) and ten days of remote learning (five A days and five B days). In-person instruction will therefore be available for 50% of the time. DRAFT Four-Week Hybrid Schedule A/B Day Week 1 In-person cohort Remote learning cohort A ii � i � . � - � B � �- � r A • i i . � • i i ' � � - . - � i B � . � - • � A � . � . �- � Week 2 In-person cohort Remote learning cohort g u � � � . � � . �- � A � �- • i B � i � , • i i . � - • A � . B � �i- � � Week 3 Page 7 of 13 In-person cohort Remote learning cohort A ii � . B A • � � � , i i B � �- i A � . � �- . Week 4 Week 4 In-person cohort In-person cohort B � � � A • � . . i i B • � i • i , • � � , A � . �- . i B � . � �- In-person learning in the hybrid model: • Fewer students on campus will allow for safety measures and social distancing to take place. • Smaller class sizes will allow for in-depth learning aligned with the respective IB programmes. • Smaller classes will allow for greater individualized support and feedback from teachers. • In-person classes will build directly upon the previous learning done remotely. • Instruction will remain student-centered and collaborative. Remote learning in the hybrid model: Page 8 of 13 • During the remote learning portion, student learning will be largely asynchronous, though teachers will be available at certain times to provide support virtually when it is needed. • Participation in the form of completed assigned work during remote learning will be expected and will count towards attendance for that day. • In the Diploma Programme, remote learning time, where appropriate, will be used strategically to work on Internal Assessments and the Extended Essay. Fully remote learning for students in grades 9-12 • Students will be assigned a normal class schedule and each day will be expected to complete assigned work for each of their classes which will count towards attendance. • Students will have the opportunity for synchronous, remote learning with their teacher during the scheduled class times. Additional, synchronous support can be provided when it is needed. • Students will have the opportunity to collaborate remotely with their peers who are following the hybrid model. • For families who choose to have their children learn exclusively from home, parents will be asked to partner even more strongly than usual with their child's teacher to ensure their child's academic progress. Assessment and Reporting For the 2020-21 school year, assessment will follow the guidelines as outlined in the Primary and Secondary IB assessment policies. The pass/fail model implemented in the Spring of 2020 will no longer be used. IB assessment strategies, such as open-ended tasks, performance tasks, selected response tests and quizzes, and observations, are central to the assessment process. They cover a broad range of approaches and provide a balanced view of the student. Students are also required to complete external assessments as directed by the Texas Education Agency (TEA) and the IB. These strategies apply not only to in-person instruction, but also to students participating in remote learning. Assessment Procedures • Assessment procedures and tools will vary by grade-level and age- appropriateness. • Assessments will require students to demonstrate their learning in a variety of formats (written, visual, speaking, multimedia) using a range of digital platforms. Teachers will provide students with age-appropriate instruction and practice with digital tools required for assessment. • Students will be asked to submit assessments in a variety of formats, including but not limited to: digital scan of handwritten responses, handwritten response in a digital document using a stylus, typed responses, selected responses in digital platform, image files, video recording, audio recording, multimedia, participation in Google Meet. • Some assessments may take place synchronously while others may take place asynchronously. Page 9 of 13 • If assessments require students to demonstrate their learning by performing a task in a timed situation, teachers may require students participating in remote learning to be available for synchronous assessment during a designated class time. Students participating in remote learning will adhere to the same time constraints as students taking the assessment in person. Teachers will plan and communicate procedures for students participating in remote learning to have access to assessment instructions, resources, and rubrics. • When an assessment requires access to physical resources (such as a science lab), teachers may replace the assessment with a comparable substitution such as a digital lab simulation if the materials are not readily available to the student at home. In some cases, teachers may prepare kits of materials to make available for pick-up for families participating in remote learning. • If assessment involves collaboration, teachers will support students in defining roles and establishing time and procedures for collaboration both in-person and digitally. • All assessments (formative and summative) must be completed and submitted on time to ensure that the curriculum can be delivered effectively and efficiently. Formative assessments are designed to prepare students for the summative assessment. Submitting formative assessments late may result in the student not being able to receive feedback in a timely manner before the summative assessment. Students participating in remote learning and in-person learning will be held to the same expectations for late and missing work as defined in the Westlake Academy Parent/Student Handbook. • In the event that technology issues prevent a student from completing or submitting an assessment, the student and parent should make the teacher aware of the issue as soon as possible and make arrangements with the teacher to make up the assessment in a timely manner. Please see "Technologv Support" section below for more information on how to receive help for technology issues on school devices. Assessment in the Primary Years Programme • The PYP Assessment Policy will guide all assessment monitoring, documenting, measuring, and reporting practices. Link • PYP teachers will use a blend of assessment strategies to inform learning and teaching in accordance with IB standards and practices. • Students who have opted for complete remote learning will receive the same holistic assessments that incorporate the concepts, skills, knowledge, and action students demonstrate. • Students, regardless of instructional delivery model, will be encouraged to self- assess themselves through rubrics, checklists, and reflections. These tools allow students to set goals related to how they can continue to intrinsically demonstrate the attributes of the IB learner profile and the IB Approaches to Learning (ATL) skills. • PYP teachers will provide timely and effective feedback to students so they can reflect on their performance. • Beginning in the 2020-2021 school year, the Primary Years Programme (PYP) will implement a new K-5 Standards-Based Report Card that aligns with the Page 10 of 13 International Baccalaureate's stance on measuring and reporting on learning. This new reporting process is designed in a manner that is objective and aligned with the state curriculum standards, the Texas Essential Knowledge and Skills (TEKS). PYP reports will now be issued at the conclusion of a 9-week period, dividing the length of the school year into four terms. A parent guide to the standards-based report card will be issued in September 2020. Assessment in the Middle Years Programme • MYP teachers will use a blend of formative and summative assessments, with teaching using their knowledge of IB summative assessment expectations and practices to help students improve performance. • Students who have opted for complete remote learning will receive the same holistic assessments that incorporate the concepts, skills, and knowledge students demonstrate (see below for more details on academic integrity). • Formative and summative assessments will be assessed as usual utilizing the MYP criteria for each subject. • It is expected that for each quarterly reporting period (usually every eight to nine weeks), MYP students will have undertaken either one or two summative assessments, supported by multiple formative assessments. • For students in Grades 9 and 10, it is expected that Semester exams will still take place. Assessment in the Diploma Programme • DP teachers will use a blend of formative and summative assessments, with teaching using their knowledge of IB summative assessment expectations and practices to help students improve performance. • Students who have opted for complete remote learning will take the same assessments as those who have elected hybrid, in-person learning (see below for more details on academic integrity) • Formative and summative assessments will be given a percentage grade, from 0- 100. • It is expected that for each quarterly reporting period (usually every eight to nine weeks), DP students will have undertaken either two or three summative assessments, supported by multiple formative assessments. • It is expected that Semester exams will still take place. • Grade 12 students will be registered in October 2020 for the May 2021 IBDP exam session. Academic Integrity • Whether taking part in remote or in-person learning, students are expected to adhere to the same academic integrity expectations as defined by the Westlake Academy Academic Inteqrity Policy. Teachers will use age-appropriate methods to review the policy with students to ensure that all students understand how to be principled and maintain academic integrity in their learning. • In remote and in-person learning, students are expected to only access resources allowed by the teacher for the summative assessment. Page 11 of 13 • If students need assistance during an assessment, they should reach out to the teacher through the method designated by the teacher (i.e. Google Meet, email). Students may not receive assistance from a family member, classmate, tutor, or any other individual during an individual summative assessment. • If students need assistance during formative assessments, any assistance they receive beyond the teacher should only be supportive in nature. In order for teachers to best assess student progress, student work needs to reflect the student's individual ability. • When necessary, teachers will utilize technological tools to help maintain academic integrity. For example, teachers may require students to submit typed assessments to Turnitin.com to check for originality and proper acknowledgement of original authorship (citations and references). Technology Support All Kindergarten-G12 students will have access to Westlake Academy issued iPads with keyboard cases for in-person and remote learning. Technology staff will be available in both instructional models to assist students and staff with technology support. • All support will be remote unless physical access to the device is needed, arrangements will then be made via appointment for in-person access to the device. Students and staff should not visit the IT offices without an appointment. • If in-person support is necessary, arrangements will be made to provide support in the safest way possible - IT Staff will wear protective gear, practice social distancing, and do as much work as possible outside of the classroom or office area. • Staff will continue to use SchoolDude to report issues or request support. • Students will use this Gooqle Form to report issues or request support. If a student is unable to use the Gooqle Form (due to age or broken device), a parent or teacher should complete the Form, or Staff can submit a SchoolDude on the student's behalf Special Education Westlake Academy will fulfill the student's IEP as laid out by the ARD committee, in accordance with federal law, regardless of the delivery of instruction chosen by the parents. Section 504 Services Westlake Academy will fulfill the student's 504 plan, in accordance with federal law, regardless of the delivery of instruction chosen by the parents. Teacher training and in-service Professional learning is critical to the success of remote learning and face-to-face learning. It requires a specialized skill sets including establishing online norms, identifying expectations for synchronous and asynchronous learning, building relationships with remote learners, crafting teacher clarity at a distance, establishing students' submissions protocols, and more. Page 12 of 13 • Teachers will receive expert training on the full use of ManageBac to provide rich, rigorous learning opportunities aligned with the tenets of successful distance learning. Teachers and students are capable of integrating tech, apps, and digital tools within the ManageBac ecosystem to personalize their learning experiences. • Teachers will receive expert training on that social and emotional learning aspects of teaching in a COVID-19 environment. • Teachers will receive expert training on developing a classroom management plan for distance learning. • Teachers will receive expert training on identifying expectations for synchronous and asynchronous distance learning. • Teachers will receive expert training on crafting teacher clarity at a distance. • Teachers will receive expert training on how to engage students at a distance. • Teachers will receive expert training on how to establish student submission of learning. As we prepare for the 2020-2021 school year, building our teachers' capacity to effectively teach in these unprecedented times is at the heart of our professional learning plan. The Westlake Academy Administrative Team has faith in the WA staff and believes in the power of the Academy's collective teacher efficacy. Together, we can provide an exceptional educational experience for all. Do not hesitate to contact me with your questions. ���� Mechelle Bryson, Ed.D. Executive Director Westlake Academy, IB World School ��� ���� � �� �� �, e � �7 } � *�- �ti-� _-,�'� •t.,- _ IB Education For All: Building a Continuum of Excellence Page 13 of 13 f ��������y ��F';. .. � 7 , , + { { r r��` estlake Academy Board of Trustees � � �k����r��.� TYPE OF ACTION Regular Meeting - Action Item Westlake Board Meeting Monday, August 03, 2020 ToP�c: Conduct a Public Hearing and Consider a Resolution Approving the Amended Year-End Budget for Westlake Academy for the Fiscal Year Ending August 31, 2020 and Adopting the Proposed Budget for the Fiscal Year Ending August 31, 2021. STAFF CONTACT: Amanda DeGan, Superintendent Dr. Mechelle Bryson, Executive Director Debbie Piper, Finance Director Marlene Rutledge, Academic Business Manager Strategic Alignment Vision, Value, Mission Persuective Curriculum Outcome Ob'ective Vision: Westlake Academy inspires college bound students to achieve their highest individual Fiscal Stewardship PYP/MYP/DP Improve Financial potential in a nuturing Stewardship environment that fosters the traits found in the IB Learner Profile. Strate�ic Initiative Outside the Scope of Identified Strategic Tnitiatives Time-Line- Start Date: September l, 2020 Completion Date: August 31, 2021 Funding Amount: GF - $9,393,877 Status - Funded Source - General Fund EXECUTIVE SUMMARY(INCLUDING APPLICABLE ORGANIZATIONAL HISTORY) The proposed budget reflects Westlake Academy's (WA) continuing initiatives that support the vision, mission, and values established by the governing Board. The Academy's International Baccalaureate (IB) curriculum is built to prepare students for post-secondary success in our fast paced and knowledge-rich world. With the understanding that our graduates must compete on a global stage, we prepare our students with 21st century specific skills to be able to successfully navigate an ever- changing globally minded marketplace. Therefore, we remain a school focused on future readiness and providing students with an internationally minded education of the highest quality, so they are well- balanced and respectful life-long learners. Page 1 of 2 The proposed budget is prepared with conservative revenue projections and expenditures that are targeted to create a safe learning environment designed for student success. This document contains a summary showing the proposed academic budget numbers for School Year 2020-21. Statistical data, summaries, and charts are intended to provide a review of the proposed budget, which is a strategic guidance tool for the upcoming school year and beyond. The proposed budget reflects the following updates: * Stable student enrollment; * New MYP Principal position; and � Fiscal impacts of COVID-19. In accordance with directives from the Board of Trustees, our theme for the new school year is Building a Futur�e of Responsibility, Understanding, and Compassion. The Board of Trustees reviewed the proposed budget for FY 2020/2021 at the Budget Meeting held on July 21, 2020. During these discussions, staff presented the projected year end expenditures, an analysis of the coming year revenues and expenditures related to the academic services of Westlake Academy and a five-year financial forecast. The only major change from the meeting is the addition of the capital lease for iPads that was approved by the Board in the prior fiscal year. The total amount of the 3-year lease totaled $585,623. Although this will skew our FY 19-20 expenditures; the proper recording of a lease is to recognize the lease proceeds in "Other Resources" and the total amount of the lease in expenditures — netting to zero with no effect to fund balance. Additionally, to cover the expenditures in the Athletics Fund, the transfer to that fund has been increased. For audit purposes, Funds 197 (Transportation Fund), 198 (Athletics Fund) and 199 (General Fund) are combined; therefore, there is no effect to the total ending fund balance. The final proposed FY 20/21 expenditures of$9,393,877 for the General Fund represents a decrease of$622,165 from the FY 19/20 expenditures which includes the $585,623 lease entry and the remaining decrease of$36,542. This budget presentation is the final opportunity for Board follow-up and review of the proposed information for the coming fiscal and school year. Legal requirements for charter school budgets are formulated by the state and the TEA. A Board typically adopts an appropriated budget on a basis consistent with GAAP for the general fund, debt service fund and child nutrition program (which is included in special revenue funds). However, the Academy does not maintain a debt service fund nor a child nutrition program; therefore, only the General Fund is required to be adopted. Special Revenue Funds are not adopted by the governing body and are shown for informational purposes only. In accordance with State law, the staff has prepared and presents the FY 2020-2021 operating budget for the Academy outlining the anticipated revenues and expenditures of all funds for the Board's review and consideration, including the amended year-end budget for FY 2019-2020. RECOMMENDATION Following presentation of the final proposed FY 2020-2021 operating budget and holding of the required public hearing, staff recommends approval of this resolution. ATTACHMENTS Resolution Proposed FY 2020-2021 Budget, including amended year-end budget for FY 2019-2020 Page 2 of 2 r"" ��"'�-� WESTLAKE ACADEMY �F . Li FISCAL YEAR 2019-2020 4 �} REQUEST TO AMEND ORIGINAL BUDGET � r x. , r- '4.f�...��-'` Fund 199 GeneralFund 2019-2020 2019-2020 2019-2020 (Includes Transportation 197 and Athletics 198) Adopted Budget Proposed Amendment Amended Budget Revenues: 197-5700 Local Sources(Transportation) $ 25,500 - $ 25,500 198-5700 Local Sources(Athletics) 88,100 - 88,100 199-5700 Local Sources(General Fund) 1,476,961 (83,480) 1,393,481 5800 State Programs 8,127,372 (18,515) 8,108,857 Total Revenues 9,717,933 (101,995) 9,615,938 Expenditures(by function) 11 Instructional $ 5,273,570 $ 569,254 $ 5,842,824 12 Resources&Media 96,371 - 96,371 13 Staff Development 83,545 - 83,545 21 Instructional Leadership 182,919 - 182,919 23 School Leadership 1,030,836 - 1,030,836 31 Guidance&Counseling 568,295 (1,341) 566,954 33 Health Services 75,686 4,000 79,686 36 Co-curricular&Extracurricular Activities 279,323 13,710 293,033 41 Administrative 253,649 - 253,649 51 Maintenance&Operations 970,081 - 970,081 52 Security&Monitoring 37,000 - 37,000 53 Data Processing 228,360 - 228,360 61 Community Services 142,862 - 142,862 71 Debt Service 350,005 (142,083) 207,922 Total Expenditures $ 9,572,502 443,540 $ 10,016,042 Other Financing Sources(Uses) 79 Capital Lease Proceeds - 585,623 585,623 79 Other Resources 90,000 90,000 - 89 Other Uses (90,000) (90,000) - Total Other Financing - 585,623 585,623 Excess(Deficiency)of Revenues Over(Under)Expenditures 145,431 40,088 185,519 FUND BALANCE, BEGINNING $ 1,373,837 - $ 1,373,837 FUND BALANCE, ENDING 1,519,268 40,088 1,559,356 Assigned-Bus Maintenance 19,000 - 19,000 Assigned-Tech/FF&E Replacement - 54,000 54,000 Assigned-Uniforms/Equip Rep 15,000 - 15,000 FUND BALANCE,UNASSIGNED $ 1,485,268 $ (13,912) $ 1,471,356 Board Approval: Date: I ' i i � / � I I I ' k . � � , � . • �.� ` � _ �� � , • � ,�,+. 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INTRODUCTION SECTION 6. STUDENT DATA • IBO Programme • 5 Mission,Vision,Values o 86 IBO Programme Overview • 6 Financial Budget Awards o 87 IB Attitudes o ASBO Award Certificate o 89 IB Learner Profile 0 90 Enrollment Boundaries Z. EXECUTIVE SECTION o 91 Student Enrollment • 10 Executive Summary Letter • Achievements • 15 Strategic Planning&Management o 92 Academic Achievements 0 95 Athletic Achievements • 21 Challenges,Goals,Strategies,initiatives and long-term financial planning 7, POLICY SECTION • 143 Academic Policies 3. BUDGET STRUCTURE o 991nvestment Policy • 24 Budget Overview and Process o 104 Fiscal and Budgetary Policies • 30 Budget Document Structure o 113 Risk Management • 32 Fund Balance Components o 114 Future Polices to be discussed/implemented • Fund/Object/Function Classifications 0 33 Fund Types and Structure 0 35AccountCodingStructure $• APPENDIX SECTION • 118 Glossary 0 36 Revenue Classifications • 126 Acronyms 0 37 Revenue Allocations • 127 Academic Calendar 0 38 Expenditure Classifications �. : 0 42 Expenditures Shared Service Model ;e�: 0 43 Relationship between Funds and Departments i 4. FINANCIAL ANALYSIS �� �.,,:,: • 47 Financial Forecast Assumptions � �' • 48 General Fund Five Year � ';h� n..�.•'"� �.' , .�,• 1: .. �.��, • All Governmental Funds y� �' • 0 49 Governmental Funds Financial Summary �` �;I'� � ' 0 53 Combined Statement `3�` .: F �,{{'. ��: �� '.t 0 54 All Governmental Funds _�,� , y. ' `i;4 • General Fund ; `�, - 0 56 General Fund Financial Summary - � '��rr ' .�'�� 0 58 Statement of Revenues,Expenditures& � '� r �� , • �'_.�.�.� �` � Changes in Fund Balance ,, I;:. � !�•_ g �;: ��: -:_ ��� � � 0 59 Combinin Statement � y 0 61 Schedule of Expenditures by Function&Object ��� � - - - 0 64 Revenue and Expenditure Comparison - ��e�,.., �� - . 0 65Fund197-Transporation/Parking - � . � - . � � � 0 6 6 Fun d 1 9 8-A t h le tic Ac tivi ties '.� ' 0 67 Fund 199-General Fund �f� - • Special Revenue Funds � � 0 685pecial RevenueSchedule of Expenditures � ��' - '• ��„w = t �,: � 0 79 Combined Statement L �� ��++`°■I=�■+m�+������� • 70 Municipal Debt Service "The Tree LetterArt"Artwork by:G Potter S. 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T�is page is intentionaLLy �bLan� MISSION, VISION, & VALUES Founded in 2003 with a vision to achieve academic excellence and develop life-long learners who become well-balanced, responsible global citizens, Westlake Academy is the first and only municipally-owned charter school in the State of Texas.The Academy was the fifth school in the United States, and the only public school,to offer the full IB curriculum for grades K-12. During each year's budget retreat, great care and consideration is given to review the mission,vision and values of the Academy and the impact these have on both the long-term goals and its day-to-day operation. The mission,vision, and value statements represent the outcome of these discussions and confirm the Board's continued dedication to academic excellence and personal achievement. MissioN "Westlake Academy is an IB World School whose mission is to provide students with an internationally minded education of the highest quality, so they are well-balanced and respectful life-long learners." �,�'° VISION "Westlake Academy inspires college bound students to achieve their highest individual potential in a nurturing environment that fosters the traits found in the IB learner profile." �Inquirers, Knowledgeable, Thinkers, Communicators, Principled, Open-minded, Caring, Risk-takers, Balanced, and Reflective� �,�'° VALUES Maximizing Personal Development Academic Excellence Respect for Self and Others Personal Responsibility Compassion and Understanding �,�'° DESIRED OUTCOMES The following desired outcomes summarize the goals and objectives established by the Board of Trustees and Leadership Staff at the Academy: High StudentAchievement Strong Parent& Community Connections Financial Stewardship&Sustainability Student Engagement-Extracurricular Activities Effective Educators&Staff 5 �ssoc����or� o� �CHOOL BUSINES� OFFICIALS INTERNATIONAL This Meritorious Budget Award is presented to WESTLAKE ACADEMY for excellence in the preparation and issuance of its budget for the Fiscal Year 2019-2020. The budget adheres to the principles and standards of ASBO International's Meritorious Budget Award criteria. • ♦ . • . . � ' � . ��� Claire Hertz, SFO David ). Lewis President Executive Director 6 Westlake Academy has been awarded the Meritorious Budget Award by the Association of School Business Officials (ASBO) for the preparation and issuance of the 2019-2020 annual budget. The award has been received annually since September 1, 2010. x xi�,y�"�"��,,rd y�"����,.�i�f�'s'.,�,��,'�"�i:.'�� This award is the highest form of recognition and a significant ;'� ' ��' achievement that reflects the commitment of the governing `" ' -, f ` � � body and staff in meeting the highest principles of academic � � ` � , ' budgeting. ' ��- The Meritorious Budget Award (MBA) recognizes school districts that demonstrate proficiency in creating clear, sound budgets while enhancing skills in developing, analyzing, and presen ing a c ear an e ec ive budget. To receive this award, Westlake Academy must publish a budget document that meets program criteria such as • Understanding the importance of presenting an accurate and transparent budget year after year. • Discovering best practices in budgeting that will improve the budget's accuracy and �� �����-�������,. _ . '- '�� transparency �1ER[TORIUUS �� • Developing a reader-friendly document that presents � clear budget guidelines. �'�,��# l, �~ -r •V • Promoting communication between departments and ;�! ( � the community. �` � `` • Encouraging short- and long-range budget goals. ' � • Supporting effective use of educational resources. Congratulations to Debbie Piper, Finance Director; Marlene Rutledge, Academic Business Manager; Dr. Mechelle Bryson, Executive Director, and the Instructional Leadership Team for preparing this award-winning budget for Westlake Academy. � i � '�s', . . .. . ,., ... �. ,. . ,. .'I ,,� ; . . ,y /� �,� : r,n. 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T�is page is intentionaLLy �bLan� August 3, 2020 To the Honorable Board of Trustees of Westlake Academy, I am pleased to present the 2020-2021 Academic Budget for your consideration.The shared services team, academic and municipal staff inembers, worked together to prepare a comprehensive document to encompass the fiscal impacts of the novel coronavirus(COVID-19),the health and safety of our students and staff, and the commitment in continuing to provide an outstanding educational service to our students. On behalf of our entire community, I would like to thank the Board for the governance, leadership, dedication, and support in making Westlake Academy a school committed to educational excellence and allowing our students to reach their highest individual potential. I. INTRODUCTION The proposed budget reflects Westlake Academy's (WA) continuing initiatives that support the vision, mission, and values established by the governing Board. The Academy's International Baccalaureate (IB) curriculum is built to prepare students for post-secondary success in our fast paced and knowledge-rich world. With the understanding that our graduates must compete on a global stage, we prepare our students with 21St century specific skills to be able to successfully navigate an ever-changing globally minded marketplace. Therefore, we remain a school focused on future readiness and providing students with an internationally minded education of the highest quality, so they are well-balanced and respectful life-long learners. The proposed budget is prepared with conservative revenue projections and expenditures that are targeted to create a safe learning environment designed for student success. This document contains a summary showing the proposed academic budget numbers for School Year 2020-21. Statistical data, summaries, and charts are intended to - _- s _ ,�, P:-_�r. .�; provide a review of the proposed budget, which is a , � lnternativnat Saccalaureate Worlc�School strategic guidance tool for the upcoming school year and beyond. . _. . Fisca�Year avao-soai The proposed budget reflects the following updates: - - - r�: 1' tt Stable student enrollment• � L • , �i•' • 1 * New MYP Principal position; and � ' �l * Fiscal impacts of COVID-19. � � I �� In accordance with directives from the Board of Trustees, ,�� , } �r our theme for the new school year is Building a Future of —� , 1r� , Responsibility, Understanding, and Compassion. ,-. ■ . �c��. � � . ,.,-,..;: � • � �� � . West�afee Academy's6 0o U tfinger Rvad'W est�ake,Texas�6s6x www.west�a�eeacademy.org 10 General Fund Bud�et Summary As a public charter school, the Academy's operating budget is legally required to include General Operating, Debt Service, and Food Service Funds. Given that the Academy does not have Debt Service or Food Service, the General Fund is the only legally adopted fund. Please note that Special Revenue Funds are included in the budget for informational purposes only. GENERAL FUND Amended Proposed $Increase %Increase Academic Only FY 2019/20 FY 2020/21 (Decrease) (Decrease) Revenues $ 9,615,938 $ 9,431,978 $ (183,960) -1.91% Expenditures 10,016,042 9,393,877 (622,165) -6.21% Other Resources 90,000 140,000 50,000 55.56% Other Uses (90,000) (140,000) (50,000) 0.00% Excess Revenues Over(Under)Expenditures (400,104) 38,101 438,205 -109.52% FUND BALANCE BEGINNING 1,373,837 973,733 (400,104) -29.12% FUND BALANCE ENDING 973,733 1,011,834 38,101 3.91% Assigned (88,000) (88,000) - 0.00% FUND BALANCE ENDING(Unassigned) $ 885,733 $ 923,834 $ 38,101 4.30% #Days Operating(Based on 365) 54 59 5 9.38% DailyOperatingExpenditure $ 27,441 $ 25,737 $ (1,705) -6.21% Students Enrolled 889 885 (4) -0.45% TEAFundingperStudent 8,567 8,655 $ 89 1.04% OperatingCostperStudent $ 11,267 $ 10,615 (652) -5.79% Teachers 70.30 69.88 (0.42) -0.60% Student/Teacher Ratio 12.65 12.66 0.02 0.15% Total Faculty&Staff 101.13 100.26 (0.87) -0.86% II. CURRENT CONDITIONS AND FUTURE CONSIDERATIONS The Town of Westlake is committed to the education, safety and wellbeing of its students, staff, and their families. The COVID-19 public health crisis has presented unique challenges to our academic budget and the upcoming school year. In response to these challenges, the Town of Westlake, including Academy leadership, has been closely monitoring federal, state, and local guidance.As guidance continues to change and new information is available,the Town is prepared to maintain the Academy's educational excellence and provide a safe learning environmentfor our students and staff. The fiscal impact of COVID-19 on the Academic budget consists of new software for remote learning, personal protective equipment(PPE),and increased disinfection/cleaning practices.These expenses have been offset by CARES act funding, Texas Education Agency (TEA) PPE supplies, TEA service agreements, and our partnership with the Westlake Academy Foundation.While the proposed budget is based on current conditions, it also accounts for future years with consideration of the following: 11 DFW Metro-Area and Westlake Population Growth: With a population of nearly 7.2 million, the Dallas Fort Worth Metroplex is the fourth largest metropolitan area in the country. Forecasts from the North Central Texas Council of Governments predict employment to grow, in this 12-county standard metropolitan statistical area, by almost 70% over the next 30 years. Population growth over this same 30-year period is also forecasted to be 69%. This regional growth will impact the Westlake community and any further residential growth will affect the demand for enrollment opportunities at Westlake Academy. In 2019-20, the Town of Westlake had approximately 1,610 permanent residents. As the mentioned forecasts and our Westlake Comprehensive plan have indicated, the growth of our community and the number of Westlake residents who are selecting Westlake Academy as their educational choice continues to increase. Resident surveys continually indicate that the Academy is a strong motivator for our residents to locate in Westlake, along with other quality of life amenities and our public safety services. Planning for student enrollment expansion due to organic residential growth continues to be a challenge. Public Education Funding: Funding of public education remains a prominent topic across the state and within the legislature. With the coming legislative session, public school funding will likely be a topic of discussion given the shortfall in state revenue. Staff will monitor any directives or information from the state and update the Board of Trustees throughout the year. While public education funding is the main revenue source for the Academy, the municipality and affiliate organizations continue to support the school so it can maintain its high level of quality service delivery.The municipal staff remain committed to our shared services model in order to provide significant resources to the school and reduce the overhead costs that are associated with administration,facilities, etc. The Westlake Academy Foundation (WAF) raises significant operating funds for the Academy, without which the school could not offer its rich slate of special programs, professional development, and technology-based applications. The Academy also benefits from the House of Commons (HOC) and Westlake Academy Athletic Club (WAAC) fundraising efforts. The HOC helps to provide additional support to our teachers and staff teams through appreciation-based events, spirit wear, and other parent/teacher type events. The WAAC supports the student athletic program for both students and coaches across all sports offered at Westlake Academy,which includes athletic equipment upgrades,funding for team travel, and team registration scholarships. Continued Emphasis on Long-Range Financial Planning:The proposed budget also contains an updated Long-Range Financial Forecast which identifies key revenue and expenditure drivers for the Academy while assessing historical financial trends and their potential impact upon our financial stability.The forecast must be monitored and updated during the budget formulation process, as well as reviewed with the Board as the budget is prepared. Staff continues to produce quarterly financial reports for the Board that monitors and analyzes trends. These reports serve as a valuable tool to assist in developing a proactive, ratherthan reactive, approach to our changing financial position. Facility Planning for Today and the Future: Immediate needs for lab space have been identified. Based on primary boundary enrollment projections, the facility space continues to be reviewed to help plan for educational offerings and physical space needs. We will continue the facility needs review in light of any disruptions associated with the pandemic and our enrollment in the coming years. 12 III. SHARED SERVICES MODEL Westlake Academy operates under a shared services model whereby the municipal operations team provides human resources, communications, financial, facilities, information technology and administrative support services to the school. General maintenance and replacement of infrastructure and equipment for the school is expensed to the municipal budget. The shared services model is an integral part of the state charter application process, supporting the Town's case for having a community school. This model conserves resources and avoids the duplication of efforts across the municipal and academic functions. DEBT SERVICE - As part of the Academy's unique financial structure, the Town of Westlake is responsible for debt service payments associated with the Academy's capital infrastructure. The Municipal Debt Service Fund is used to manage debt service payments, and the Academy debt is accounted for in the annual municipal budget. CAPITAL PROJECTS -There are no major capital projects budgeted or planned through Fiscal Year (FY) 2020/21. At the Board's direction,the Town of Westlake's Capital Improvement Plan will be updated during the municipal budget preparation M UNICIPAL ALLOCATIONS Amended Proposed $Increase %Increase FY 2019/20 FY 2020/21 (Decrease) (Decrease) Municipal-TransfertoWAOperatingBudget $ 219,750 $ - $ (219,750) -100.00% Municipal-TransfertoWAWAFStaff 71,431 71,235 (196) -0.27% Annual Debt Service (Municipal budget) 1,835,180 1,829,413 (5,767) -0.31% Major Maintenance and Replacement 263,480 221,000 (42,480) -16.12% In-direct OperatingCosts (Payroll & Related) 989,820 1,268,314 278,494 28.14% Total Municipal Costs $ 3,379,661 $ 3,389,962 $ 10,301 0.30% IV. FY2020/21 GENERAL FUND BUDGET The proposed budget encompasses all teaching and extra-/co-curricular operating expenditures as well as State public school funding, local funds, and private donations used to support and enhance the daily operations of Westlake Academy. The FY 2020/21 General Fund budget totals $9,393,877, representing a 6.21% decrease from the prior year. The FY 2020/21 projections will increase fund balance by $38,101 for an ending unassigned fund balance of $1,509,457. This balance represents 59 operating days. As mentioned previously, Westlake Academy's recent enrollment increases have been mainly driven by residential developments and housing opportunities within the community. This trend will continue with the addition of our developments that are in progress - Spencer Ranch, The Knolls, Quail Hollow, Entrada, Granada, and Vaquero. Our projected enrollment numbers for the coming school year are budgeted conservatively at 885 students. We will continue to evaluate enrollment options and manage the number of students as we navigate the disruptions that are associated with the current pandemic. With the option for parents to choose in-person or remote learning for their students this year, we may see fluctuating numbers that will affect our forecasts. 13 COMBINED: GENERAL FUND ACADEMIC AND MUNICIPAL SERVICES GENERAL FUND EXPENDITURES Amended Proposed $ Increase %Increase Academic&Municipal Expenditure Costs FY 2019/20 FY 2020/21 (Decrease) (Decrease) OperatingExpenditures $ 10,016,042 $ 9,393,877 $ (622,165) -6.21% Municipal-TransfertoWAOperatingBudget 219,750 - (219,750) -100.00% Municipal-TransfertoWAWAFStaff 71,431 71,235 (196) 100.00% Total Academic Costs 10,307,223 9,465,112 (842,111) -8.17% Annual Debt Service (Municipal budget) 1,835,180 1,829,413 (5,767) -0.31% Major Maintenance and Replacement 263,480 221,000 (42,480) -16.12% In-direct Operating Costs (Payroll & Related) 989,820 1,268,314 278,494 28.14% Total Municipal Costs 3,088,480 3,318,727 230,247 7.46% Academic(General) &Municipal Expenditure Costs $ 13,395,703 $ 12,783,839 $ (611,864) -4.57% NumberofStudents 889 885 (4) -0.45% Total Expenditure Cost perStudent $ 15,068 $ 14,445 $ (623) -4.14% Over the last year, many hours have been spent to further develop our vision of the future, determine the best methodologies that help us accomplish our mission, and truly become the school where students can reach "their highest individual potential". While we have many successes to celebrate, we are constantly striving to improve the Academy through multiple avenues. We restructured our administrative executive leadership team with dedicated Middle Years and Diploma Programme Principals and an administrative oversight position. All ofthese roles will work together with the Superintendent and the Executive Director to support our staff teams, students, and parents. These past several months of responding to COVID-19 and planning for the next school year have brought into sharp focus,the dedicated staff inembers who are committed to our educational efforts—many of whom gave up personal time or worked through vacations with their families to help us plan for the fall. We have also been fortunate to have the support of our governing and parent body—with an open-minded approached to health and safety efforts for our campus and through consistent feedback received over the summer. And, let's not forget the commitment of our students—who continued to learn and demonstrate the IB Learner Profile traits during the spring semester and now into the fall. We would not be able to navigate these unprecedented times if it weren't for all the stakeholders who work together to make our school a success. Our efforts will continue to focus on the health and safety of our students, our staff, and the commitment to offer a robust educational environment for our students. Respectfully submitted, ��/jy1d��R�. �� Amanda DeGan Town Manager/Superintendent Westlake Academy 14 STRATEGIC PLANNING & MANAGEMENT SYSTEM The Academy has designed a strategic planning and performance management system framework based on the Balanced Scorecard System. The Balanced Scorecard is a strategic planning and management tool that is '3 � y`'�`�+.�a^a✓'"�^" G''ssk,' f used extensively in business and industry, government, and : �y ��� °,� � nonprofit organizations worldwide to align operational :��� _ � ,, activities to the vision and strategy of the organization, `' ' - .,_ ���„� r improve internal and external communications, and monitor �-� � organization performance against strategic goals. ��c��R�ac, S�EWA DSy/a The Board of Trustees and staff utilize this methodology to �Q� q;, ' �-� �- implement and review our existing strategic framework, along Q= ' �= with the vision, mission, and values statement of the Academy. ��� ' y� The balanced scorecard system is designed to communicate � - our strategy throughout the organization/community with our �bN�11 ZN��� stakeholders, align our daily work activities to the overall ^ .:;�... vision, serve as the framework for prioritizing services, and "��; utilize performance measures to evaluate our successes and opportunities. � • - In short, it is a tool that businesses use to ensure that their work meets their goals in a measurable way by connecting organizational strategy to the work people do on a day-to-day basis, i.e. "You said...we did..." L��a...�rc.'�t�a���..t�...'�t��..�a_ �-- ��. ,1■1, �_ I �'��,,......��� . , � �'� ." - � ',{ �{ } ,i � r , _ � ,i — � S.,[ .!t' ; •' `•-••,,�.�`- STRATEGIC THEME AND RESULTS ' � T , , , - - : � , � ; :. � r � -.:,�, c,.�: - Go.arr��.e �N�n:ia• .r. � _�+�Ipprrrrt �caMTv II zcwtr 3ES471'- 9ESS!►L �L . �r�Gt W�uitN Pr�f�rv�A W�iif1�� � „e�•pl�rr+4 ft�ro�OCr �n ••["G��en W4.erM MMC<OM�O n[�m�tenal u�.a ���K�� a� w�c.w�r e....w. �vnN�n.o ��q m„r.ya �scn •••�wn �a,c.�o.� 1wura�s�.h �w�.wVr's � � c a�s�p se..uart nu«mri� .,,ro.e. ww.�.: T,.,T.�.a cm� ENGAGED LEADERSHIP—INTERACTIVE COMMUNICATIONS—CORE VALUES 15 STRATEGIC PLANNING & MANAGEMENT SYSTEM ;_�'.' nrws:k 'k': - �.Sri'.�:5' �{:�:'.5! Yr...' _ _ -Y=''�'y':'< _`1�5' '+,f" _ The graphic to the left illustrates the Balanced Scorecard approach and the following pages " of this section demonstrate how Westlake Academy has aligned with this framework. Each element is critical to the success of the '�°o°� municipality and helps us evaluate and � communicate our performance. _S,DDOft. 1V116810N _�,00�r�. �,s,oN Upon review of the existing strategic initiatives ' �` and performance measures,the Board Va�u�s ==.�ft. provided feedback to the staff and requested � ��ReP��r"`�� an updated version for review. Staff updated � _�,CDDft. THEMES &�ZESLJLT6 the framework to include all the related r performance measures and identified the STRAT'E�IC�BJECTfYE6 � ���0� strategic initiatives that will be goals for the � MEA6C1RE6 &TAR�ET6 ,�t � entire organization this coming school year. -"'"" STRATEC-3C IHiTiA?IVES MissioN The mission statement describes what must Westlake Academy is an IB World School whose mission be done to achieve the adopted vision.The is to provide students with an internationally minded Board of Trustees has adopted the following education of the highest quality, so they are Mission statement for Westlake Academy. well-balanced and respectful life-long learners. Westlake Academy inspires college VISION bound students to achieve their highest The Academy's vision statement outlines what we strive to be. individual potential in a nurturing Upholding such a statement is a task that requires effort on environment that fosters the traits multiple levels.The balanced scorecard system will help ensure found in the IB Learner Profile. the Vision of the Academy remains true in years to come. IB LEARNER PROFILE The International Baccalaureate° (IB) learner profile describes a broad range of human capacities and responsibilities that go beyond Inquirer Caring academic success.The aim of all IB programmes is to develop Knowledgeable Balanced internationally-minded people who, recognizing their common Open-Minded Reflective humanity and shared guardianship of the planet, help to create a Principled Communicators better and more peaceful world. Thinkers Risk-takers 16 STRATEGIC PLANNING & MANAGEMENT SYSTEM VALUES Maximizing Personal Development Driving how the Academy accomplishes its work are our Academic Excellence corporate values.These are the principles we hold Respect for Self and Others important and standards by which the Academy operates. Personal Responsibility These values, as adopted by the Board of Trustees, are Compassion and Understanding designed to guide staff in their day to day work and the Board as it conducts its business. STRATEGIC PERSPECTIVES A Perspective is a view of the Academy operations from a specific vantage point. Four basic perspectives are traditionally used to encompass a Balanced Scorecard organization's activity—people &facilities, operational efficiency,financial stewardship, and customer service.The Academy's business model, which encompasses vision, mission, and strategy, utilizes the four Perspectives as a framework.The four perspectives of the plan, which were customized by the Board, are as follows: STRATEGIC PERSPECTIVES Citizens,Students, Financial Academic People, Facilities, &Stakeholders Stewardship Operations &Technologies Viewed through the Financial oversight; Focuses on processes that Involves,work culture, innovation, eyes of our customers effective use create value for the leadership,governance,tools and and stakeholders of resources customers and stakeholders technology necessary to provide services STRATEGIC THEMES The Academy won't have their own 'strategic themes' as they are considered a Exemplary department of the Town. Therefore, under the strategic themes for the Town is a Education goal for"Exemplary Education"that will encompass the direction for the Academy. The Town Council (Board of Trustees) grouped this information along with the major components of our previous strategic plan and ranked the importance of the concepts Westlake is an per each area of concern. international educational Staff then created strategy maps, identified a strategic result, populated the maps leader where with strategic objectives and created an objective commentary document. These each individual's were evaluated against the direction of the community and set the framework for a potential comprehensive Tier One map for the municipal program of services. The Town is maximized. Council has worked closely with staff to adopt a management system based on the Balanced Scorecard framework.This was developed to help the Academy direct its own destiny rather than allow future events to do so. Through sound business principles the Academy can more effectively provide services to their stakeholders, increasing both efficiency and customer satisfaction. Ultimately, it guides the way the Academy does business and helps us determine how we should invest our time and resources. In the budget process,this allows for increased transparency, clarity, and accountability, providing the Academy a framework for demonstrating results.The continued quality and success of this community does not happen without the diligent effort of a committed team of residents, businesses, community leaders, and staff. Years of consistent planning and strategic thinking has brought Westlake where it is today. 17 STRATEGIC PLANNING & MANAGEMENT SYSTEM OBJECTIVES AND PERFORMANCE MEASURES Performance measures hold government departments accountable to their stakeholders, while allowing them to recognize their successes and adjust programs of service that are under performing. Performance measures are determined according to the strategic objectives found on the Strategy Map and help to align the goals for the department. PERSPECTIVES OBJECTIVES PERFORMANCE MEASURES � . . � ° Percentage of students who enrolled into college • Increase the Future o Readiness of All Students Percentage of students who were accepted into college ° Length of time students take to earn college degrees CITIZENS, ° Rate of retention for students(start/quit or K thru 12) STUDENTS, • Increase Stakeholder ° Re-authorization attainment for PYP,MYP and DP AND Satisfaction ° Parents Survey Satisfaction Results(Confidence Level) STAKEHOLDERS ° National Rankings(TEA Performance Index) ° Volunteer Hours • Enhance Westlake Academy's ° Percentage of staff with international experience Unique Sense of Place ° Percentage of students involved in club/activity through WA ° Percentage of graduations wo attend/send regrets for diploma ceremony ° Number of external grant applications submitted ° Percentage of externalgrantsreceived/given • Increase ExternalRevenues o Sources Percentage of income/gifts from new sources FINANCIAL ° Number of days in Fund Balance $TEWARDSHIP ° Number of corporate volunteer experiences ° Percentage of audits with unmodified opinion • Improve Financial o Stewardship Quarterlyfinancial report data(measure?) ° Awards from GFOA and ASBO and Texas Comptroller ° STAAR,SAT,ACT,AP,DP IB exam results ° Teacher Appraisals/Reviews • Optimize Student Potential o Student&Staff Annual Survey ° Student to Teacher Ratios • Improve Efficiencies of ° Programs aligned with mission,vision,IBO&state standards(measure?) Operational Systems ° Per Pupil Expenditure Costs ACADEMIC ° Parent Survey Results(listed above in Stakeholder Satisfaction) OPERATIONS ° Exit Survey—Leavers • Strengthen our Westlake o Academy Culture Lottery Waiting lists—internal/external ° Annual Feedback—Appraisal System ° Percentage of parents who attend school hosted meetings • Strengthen IB Philosophy and ° Rubric results of PYP Exhibition,MYP Personal Project,&DP Extended Essay Implementation ° Results of IB Programme evaluations ° Time to fill positions/turnover rate(Tier One) • Attract,Recruit,Retain& o Develop the Highest Quality Offer to acceptance ratio(Tier One) ° Numberoftrainingopportunitiesperyear PEOPLE, Workforce o FACILITIES, Employee satisfaction results AN D • Increase the Capacity of ° Teacher&Administration Feedback Teachers and Staff ° Staff Survey(linked from above objective) TECHNOLOGIES ° Annual number of devices available to students/staff • Improve Technology, o Facilities&Equipment School Dude requests for service/time to completion ° Number of staff inembers/students supported through IT/per IT staff allocations 18 STRATEGIC PLANNING & MANAGEMENT SYSTEM These performance measures also help determine the quantity and quality of our work, as identified in our plans. We consistently evaluate our work and review our performance quarterly because we firmly believe what gets measured gets done.As we improve our ability to gather and mine data about our work, we will be able to expand our performance measures to the departmental business plans as a gauge of success.The departmental efficiency and effectiveness measures along with the outcome based measures will be grouped with the appropriate strategic objective to give an overall picture of the Academy's performance. As the Academy continues to develop these scorecards and measurement units, data sources, and targets will be refined.Through quarterly performance reviews,trends are also tracked over time through budget documents. STRATEGIC INITIATIVES � Research feasibility to create a facilities master plan � Outdoor learning center � Create opportunities for students&teachers to expand their international mindedness by extending learning beyond the classroom walls � Implement new student/family orientation program to enculturate student/families into WA's culture of success � Integrate a balance of assessments including high-quality standardized testing along with effective classroom formative and summative assessments � Elevate the WA House System presence on campus through authentic learning experiences and through the Learner Profile � Establish and"Angel Fund" designed to support need-based students for international travel &field trips � Create a new teacher mentoring program designed to support& develop teachers' pedagogical expertise � Integrate technology into the teaching& learning in a seamless and organic design that promotes the 4 Cs (creativity,critical thinking,collaboration,communication)of 21st century learning WESTLAKE ACADEMY'S DESIRED OUTCOMES Five desired outcomes have been identified and linked to the Academy's strategic planning efforts: Westlake Academy's strategic � �' planning structure is the product High Develop inquiring, knowledgeable, caring and of many hours of analysis, review Student disciplined young people who use their unique Achievement talents to create a better and more peaceful and discussion. world through intercultural understanding and respect. Academy staff, under the Strong Parent To involve all stakeholders in building a better direction of the Board of Trustees, and Community Westlake Academy community. • continually gathers Connections information and input from stakeholders Financial To ensure sufficient, well-managed resources • carefully tracks and analyzes Stewardship and to support and advance the mission of Sustainability Westlake Academy. student achievement • considers economic and Student To ensure that all athletics, community service demographic trends Engagement and and extracurricular activities are held to the Extracurricular same standard of excellence as the curricula • formulates long-range goals ro rams to romote well-balanced students. • plans for future challenges Activities p g p • develops comprehensive Effective Recruit, develop and retain a core faculty and guidelines that ensure student Educators staff with the personal qualities, skills and and Staff expertise to work effectively with the IB success. inquiry-based,student-centered curricula. 19 STRATEGIC PLANNING & MANAGEMENT SYSTEM WESTLAKE ACADEMY—TIER TWO STRATEGY MAP Increase the nhance Citizen, Student & Future Increase Westlake Stakeholder Readiness of Stakeholder Academy's All Students Satisfaction Unique Sense of Place Financial Increase Extern a I I m pro�e Stewardshi Re�enue Financial p Sources Stewardship Strengthen our Westlake Academic Academy Optimize Impro�e the Culture O erations Student Efficiencies of p Potential Dperational Strengthen IB Systems Philosophy & Implementation People, Attract, Recruit, Increase the Impro�e Facilities & Retain & De�elop Capacity of Technology, the Highest Teachers & Facilities, & echnology 4uality Workforce Staff Equipment A Tier Two Strategy Map is cascaded from the Tier One map that is developed by the elected officials. The Board of Trustees worked with staff teams to identify the strategic objectives that are important to our overall success and service provision levels for the stakeholders of the Academy. The Tier One map is drafted at the municipal level of the organization and then cascaded to the educational department of the school. This ensures alignment with our values and vision throughout the Town. PARENT SURVEY RESULTS In addition to monitoring these performance measures,the Academy also values the opinion of its parents. Every two years Westlake undertakes a broad stakeholder survey designed to measure academic performance and to gauge the current and future needs of the students.This survey is an incredibly useful tool within the strategic management system, and it allows Academy services to be tailored based upon parent feedback. Westlake's performance measures are dynamic and undergo on-going review. 20 CHALLENGES As a charter school owned by a municipality, Westlake Academy has some unique challenges. These challenges drive and shape the budget process. The most pressing driver is the task of balancing the projected enrollment of Westlake residents; while maintaining an Academy enrollment level that generated a revenue stream that can sustain the school. It is important to note that the only requirement for admittance into the Academy is based upon student residency. Westlake Academy admits students from two distinct geographic areas called primary and secondary boundaries: • PRIMARY boundary: concurrent with geographic boundary of the Town of Westlake • SECONDARY boundary: adopted by the Board of Trustees and approved by the Texas Education Agency in June 2008 and include identified Independent School Districts who are admitted through a lottery system. The Town of Westlake is currently experiencing high growth and development. Many of these new residents have moved to the Town of Westlake so their children can attend Westlake Academy without having to experience the variable of the lottery system. As such, there is an expectation that space is available throughout the school year for the children of Westlake residents. GOALS, STRATEGIES, INITIATIVES AND LONG TERM FINANCIAL SUSTAINABILITY Overall, Westlake Academy utilizes the balanced scorecard (BSC) approach to strategic planning and management. It is used to: • Communicate what we are trying to accomplish • Align the day-to-day work that everyone is doing with strategy • Prioritize projects, products and services • Measure and monitor progress towards strategic targets. The BSC approach connects the dots between big picture strategy elements such as mission, vision and values to the Academy's actions and focus priorities. This approach leads to long term sustainability. 21 ��,� � ..�« e . . � _ - _. ti . � �_ . �� . � w.�,.. , }r� `� s,, ;/ ��''' ;,,�,�, �. �� ;�; �, �� i , : ., ., . . ., . ry � � � . .. � ;. ,., , , . w�s�r� . . , -. . �Y:" r;' F wES , �;F: O ���os �� x.`: ��/�� .9 �;, ���� ,� o � � � � � _ �� � �.. � 1 � , , � �'?, c • ► w _ ' � a�� � � �KE A��' .. ��, .� ,_ T�is page is intentionaLLy �bLan� BUDGET OVERVIEW AND PROCESS Projecting the budget allocations of the Academy is a continual process that responds to the changing needs of the Academy students and staff as well as variations in the fiscal environment such as State funding. The development of the Academy budget for fiscal year 2020/21 began in January 2020, presented to the Westlake Board of Trustees meeting that was held in June 2020 for additional input, and adopted in August 2020. The Academy approach to balancing the combination of fast student growth in a restricted funding environment along with increasing academic standards requires that the budget process be instructionally driven and guided by the Academy's Strategic Plan. During the budget development process,the staff reviewed all revenues and expenditures and focused on aligning the allocation of resources, both personnel and financial, with the accomplishment of established goals and outcome objectives contained in our Strategy Map. The Board of Trustees regularly receives quarterly budget updates, some of which are detailed in the trend analysis and the five-year financial forecast discussed later in this document. Upon receipt of the adopted annual budget, the Board holds budget workshops to review adopted changes,their associated outcomes for the next fiscal year, as well as their impact in a five (5)year financial forecast. Following is a summary of the nine main steps taken in preparation of the adopted budget: 1. Budget Preparation 2. Fund Types and Structure 3. Basis of Accounting and Budgeting �� 4. The Budget Process : 5. ealanced eudget , 6. BudgetAmendments �� 7. BudgetAdoption Q 8. Long Term Forecasting 9. eudget Calendar '� BUDGET PREPARATION As in previous years, efforts have been made to control expenditures while continuing to deliver an excellent level of service to our citizens. Concentrated efforts have been made to produce a document that clearly illustrates the uses of Academy resources in a format that may be utilized as a resource tool by the Board of Trustees,Academy staff, and the citizens of Westlake. Our budget preparation process continues to be refined on an annual basis, operating within clearly defined budget preparation guidelines. Budgeting is an essential element of the financial planning, control and evaluation process. The "operating budget" is the Academy's annual financial operating plan. The budget includes all the operating departments of the Academy included in the General Fund and Special Revenue funds. The budget is prepared with the cooperation of all Academy departments and is submitted to the Superintendent who makes any necessary changes and transmits the document to the Board of Trustees. A budget preparation calendar and timetable are established and followed in accordance with State law. A"bottom-up"approach is used to solicit input from the staff Leadership Team as to their operations' needs with an emphasis on: • Identifying costs to provide the current level of services. • Identifies additional cost increases needed to maintain the current level of service. • Additional resources necessary to provide new or increased levels of service. • Delineating changes in fund balance levels for each fund. 24 BUDGET OVERVIEW AND PROCESS The following procedures,which are guided by generally accepted budgeting practices, have been established: • The annual operating budget presents appropriations of expenditures and estimates of revenues for all government funds. These revenues include federal, state, and local revenues. • The annual operating budget illustrates expenditures, anticipated revenues, and the estimated impact on reserves. • Budgets for each function are broken down into specific object codes, including payroll and payroll related, professional and contracted services, supplies and materials, other operating costs, and debt service. • Revenue projections are prepared for each revenue source based on an analysis of historical revenue trends and current fiscal conditions. • Goals and objectives have been developed and are incorporated into the evaluation of employees and performance of the organization. • A budget message summarizing local financial conditions and principal budget issues is presented to the governing board along with the annual budget. BUDGET CALENDAR The Budget Process covers the financial cycle starting with budget planning and ending with the audited annual financial report. Timeline Description of Activities October- December Strategic Plan review and development occurs December Westlake Academy Instructional Leadership Team (ILT) begins planning upcoming budget January ILT meets with Westlake Academy affiliates forjoint planning Jan - March Review and develop Capital Improvement Plan, Five-Year Projection, and Personnel Cost Estimates April Develop improvement plans for each grade level and department May Strategic Plan preparation process occurs; preliminary budgets developed June Board of Trustees(BOT) Budget Retreat June Current budget review; budget amendments for current year if necessary BOT consideration and adoption of Westlake Academy Budget for Upcoming August School Year October Annual financial audit BALANCED BUDGET As per State Law, current operating revenues will be sufficient to support current operating expenditures. Annually recurring revenue will not be less than annually recurring operating budget expenditures. Debt or bond financing will not be used to finance current expenditures. FUND TYPES AND STRUCTURE The accounts of the Academy are organized and operated on a basis of funds.A fund is an independent fiscal and accounting entity with a self-balancing set of accounts. Fund accounting segregates funds per their intended purpose and is used to aid management in demonstrating compliance with finance related legal and contractual provisions.The minimum number of funds is maintained consistent with legal and managerial requirements. 25 BUDGET OVERVIEW AND PROCESS Academy funds are classified into the following two categories; • GOVERNMENTAL FUNDS-The funds are used to account for the Academy's general government activities, including the collection and disbursement of specific or legally restricted monies. Governmental funds use the flow of current financial resources measurement focus and the modified accrual basis of accounting. • The General Fund is the Academy's primary operating fund. It accounts for all financial resources of the Academy, except those required to be accounted for in another fund. • Special Revenue Funds account for the revenue sources that are legally restricted to expenditures for specific purposes. • FIDUCIARY FUNDS-The fund's account for resources that are held in trust for individuals or other governments, in this case monies that are held in a custodial capacity for the benefit of student organizations BASIS OF BUDGETING AND ACCOUNTING The term basis of budgeting is used to describe when events or transactions are recorded and recognized. In the Modified Accrual Basis- • revenues are recognized in the period when they became available and measurable • expenditures are recognized when the liability is incurred In the Accrual Basis- • revenues are recorded when earned • expenses when the liability is incurred Annual Audited The basis of budgeting Governmental Fund Operating Budget Financial Statements and accounting is General Fund Modified Accrual Modified Accrual shown in the chart to the right: Special Revenue Funds Modified Accrual Modified Accrual Budgets are prepared on the same basis of accounting that is used in financial statements. The basis of budgeting refers to when revenues and expenditures are recognized in the corresponding accounts and reported in financial statements. Governmental fund types, including the general fund, are budgeted using the Current Financial Resources Measurement Focus and the Modified Accrual Basis of Accounting. Westlake Academy's only Fiduciary Fund (the Agency Fund, described below) is not a budgeted fund. Under the modified accrual basis of accounting, revenue is recognized when it becomes susceptible to accrual, i.e., when it becomes measurable and available. Measurable means the amount of the transaction can be determined and available means collectible within the current period or soon enough thereafter to pay liabilities of the current period.The Academy considers revenues available if they are collected within 60 days after year-end. Expenditures are recognized when the related fund liability is incurred. • Foundation State Program (FSP)funds are susceptible to accrual. • Miscellaneous revenue items, which are not susceptible to accrual, are recognized as revenue only as they are received in cash. • Entitlements and grants are recognized as revenue at the time of receipt or earlier if the susceptible to accrual criteria are met. • Expenditure driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other grant requirements have been met. 26 BUDGET OVERVIEW AND PROCESS THE BUDGET PROCESS The Academy's fiscal year begins each year on September 1st and ends on August 31st of the following calendar year. Prior to the beginning of the fiscal year,the Superintendent must submit a budget to the Board of Trustees which includes: • A budget message • A consolidated statement of anticipated revenues and expenditures for all funds • Resources for General Fund and Special Revenue Funds in detail • A summary of expenditures by function and object code • Detailed estimates of expenditures shown separately to support expenditures The budget preparation process begins early in the calendar year with the establishment of overall Academy goals, objectives, and analysis of current year operations compared to expenditures. • Budget policies and procedures are reviewed at the same time to reduce errors and omissions. • In May,the Finance Department prepares budget forms and instructions for estimating revenues and expenditures. • Leadership Team members submit baseline expenditures for current service levels and any additional one- time or on-going request they may have for their department. • A round-table meeting is subsequently held with the Superintendent,the finance staff and each department head for review. • After all funding levels are established and agreed upon the budget is presented to the Board of Trustees. • A public hearing on the budget is conducted in accordance with state and local law. • This meeting is held after the Board has reviewed the budget during a workshop. • The Board of Trustees approves a level of expenditure (or appropriation)for each fund to go into effect on September 1st, prior to the expenditure of any Academy funds for that budget year. BUDGET AMENDMENT PROCESS The Superintendent may request that the current year budget be amended at the function level. In this process,the • Superintendent will review the documentation and draft an ordinance to formally amend the current budget. • This ordinance is presented to the Board of Trustees for consideration. •Budget Amendment is requested I • Following the consideration of the amendment,the Board 1. •Forwarded to Finance department will vote on the amendment ordinance. • If the amendment is approved,the necessary budget •Finance Director reviews changes are then made. 2. •If approved-forward to Superintendent • All budget amendments will be approved by the Board of _ Trustees prior to the expenditure of funds more than the •Superintendent reviews previously authorized budgeted amounts within each 3 •If approved-forward to Board of Trustees fund. • Often,these amendments influence the shaping of the current budget as actual trends in revenues and •Board of Trustees reviewfor approval 4. expenditures are realized and accounted for at that time. Program principals and coordinators are responsible for monitoring their respective programme budgets. •Finance enters budget amendment 5. • The Finance Department will monitor all financial operations. The budget team will decide whether to proceed with a budget amendment and, if so, will then present the request to the Board of Trustees. 27 BUDGET OVERVIEW AND PROCESS • If the Board decides a budget amendment is necessary,the amendment is adopted in resolution format and the necessary budgetary changes are then made. • The Final Amended Budget for the Year Ending August 31, 2019 will be submitted at the August 2020 Board meeting. It will reflect all amendments previously approved by the Board of Trustees plus any final amendments. LONG TERM FORECASTING Most annual operating budget documents focus on a single 12-month period where spending and revenue decisions made today will have effects that extend beyond that fiscal year. Because of that,the Academy requires that long-term forecasting be made part of the Annual Operating Budget document. The purpose of the policy is to: • Ensure on-going financial sustainability beyond a single fiscal year or budget cycle • Achieve the Academy's mission and vision • Systematically link the annual budget to a multi-year master financial plan. Should long term forecasts and analysis show that the school system does not have a "positive operating balance" over the multi-year period,the Academy shall bring this to the attention of the Superintendent. A"positive operating balance" means that the ending fund balance meets or exceeds the minimum levels prescribed in the Academy's reserve policies.The policy states the Academy shall strive to maintain the General Fund unassigned fund balance at 45 days of operation. As can be seen below,the fund balance, if as projected, will decline to less than the 45 days in the final 2 years. Positive Fund Dollars per Fiscal Operating Balance Operating Operating Year Balance (Unassigned) Day Days FY 20/21 YES $ 1,509,457 $ 25,737 59 FY 21/22 YES 1,461,523 25,998 56 FY 22/23 YES 1,307,955 26,302 50 FY 23/24 YES 1,084,150 26,509 41 FY 24/25 YES 813,792 26,768 30 BUDGET ADOPTION Legal requirements for charter school budgets are formulated by the state and the TEA. A Board typically adopts an appropriated budget on a basis consistent with GAAP for the general fund, debt service fund and child nutrition program (which is included in special revenue funds). However,the Academy does not maintain a debt service fund or a child nutrition pro�ram;therefore,only the General Fund is required to be adopted. Special Revenue Funds are not adopted bv the�overnin�bodv and are shown for informational purposes onlv. At a minimum,the Academy is required to present the original and the final amended budgets for revenues and expenditures compared to actual revenues and expenditures for the General Fund. The Board of Trustees conducts the required public meeting and adopts the budget in August prior to beginning the fiscal year which runs from September 1st to August 31st. 2s BUDGET OVERVIEW AND PROCESS � � Annual A budget is required to be adopted annually for the General Fund (Westlake Academy Budget does not maintain a Debt Service Fund or child nutrition program). The budget is adopted on a basis consistent with generally accepted accounting principles. All appropriations lapse at fiscal year-end. On or before August 31st of each year,the Superintendent submits for review by the Board of Trustees a budget for the upcoming school year. After reviewing the budget and holding public meetings as necessary,the final budget is prepared and adopted. The appropriated budget is prepared by fund and function. The Board may make transfers between functions within a fund and may amend the total budget following the same procedures required to adopt the original budget. The legal level of budgetary control is at the fund level. Key Public charter schools in the State of Texas do not have taxing authority, nor do they Revenues receive facility funding. Consequently,the Academy receives most General Fund revenues via the State Funded Foundation School Program (FSP) and is disproportionately affected by changes in FSP funding levels set by the Texas legislature. State funding of public education was decreased by the State Legislature in 2001. While it has increased somewhat since then,the allocation has not kept pace with basic cost increases. And, in the Legislature's most recent 2017 session,the per student funding for public education was not increased for the next biennium. Note that the amount of state aid received through the Foundation School Program is a function of the total number of students enrolled at the Academy as well as the additional funding from Career and Technical Education classes. Key Compensation and benefits are the largest operating cost for Westlake Academy, Expenditures comprise most total operating expenditures. The current forecast assumes no further expansions of curriculum or other programme areas that would necessitate additional staff. Other costs including utilities, supplies, and professional services are held at 1% unless additional revenue sources are realized. Fund The Superintendent and Board of Trustees are devoted to safeguarding and improving Balance the financial condition of Westlake Academy. The Academy shall strive to maintain an unassigned General Fund Balance of 45 days of operation, and Fund Balance monies will only be used with Board approval for specific needs. Board policy stipulates that all future increases in expenditures must be offset by new or additional revenues. A full listing of Fund Balance policies can be found at the end of this section. � � 29 BUDGET DOCUMENT STRUCTURE The goal of the budget document is to provide timely,transparent information concerning the past, current, and projected financial status of the Academy. The budget is a holistic planning document used in concert with our strategic plan to facilitate decisions that support the educational goals and strategic objectives of the Academy. The budget document is but one part of a system designed to link together critical governance and management decision making tools. This system is designed to integrate: • Strategic planning • Five-year financial forecasting, budgeting, and performance measurement linked to priorities, objectives, and outcomes • Reporting to monitor progress in outcome achievement and accountability for results • Aligning human and financial resources to prioritized outcomes and objectives • Long term approach to ensure financial sustainability • Working within Board adopted financial policies for the Academy • Maintaining core services Discussion and review of the information contained in both the strategic plan and the budget document consistently leads to operational and educational improvements that impact the students and parents of Westlake Academy. The development, review, and consideration of the Governmental Fund budgets (the General Fund and Special Revenue Funds)were completed with a detailed and exhaustive review of every revenue and expenditure item within the context of the Academy's Vision, Mission and Values statements, strategic planning efforts, and Board policy. The Board of Trustees provides governance and policy direction, while the Superintendent,finance department and campus and administrative staff develop the budget document for the Board's review. Staff reviews each existing expenditure request and the allocations for the coming school year and asks, "is this the best use of public funds?" The budget document and the year-end comprehensive annual financial audit are the primary vehicles through which the Academy's financial plans are presented. , _ _ � ` l Z � , f � � � � 30 BUDGET DOCUMENT STRUCTURE The budget document is organized into the following sections for submission to ASBO for the Meritorious Budget Award. 1. Executive Introduces the reader to the document as a whole. It highlights important information contained in the budget. Users rely on this section to get an overview of what they can expect to find in the rest of Summary the document. 2. Organizational Provides the context and framework within which the budget is developed and managed. This section includes the Academy's organizational and financial structure as well as the controls that $eCt1011 direct and regulate the development and administration of the budget. 3. Financial Presents the heart of the Academy's budget document. The adopted budget is presented as a series of financial schedules along with past budget figures and future projections. Section 4. Informational Contains additional information about the Academy,including descriptions of the IB curriculum and programmes,enrollment and employment figures,testing and performance scores, benchmark data, 5. $eCt1011 academic achievements,and other miscellaneous data. 31 FUND BALANCE COMPONENTS In February 2009,the Governmental Accounting Standards Board (GASB) issued GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions.This Statement established five components of fund balance and because circumstances differ among governments, not everyone will report all components. GASB 54 shifts the focus of fund balance reporting from the availability of fund resources for budgeting to "the extent to which the government is bound to honor constraints on the specific purposes for which amounts in the fund can be spent." • Fund Balance Reporting-The Academy shall report governmental fund balances per GASB 54 definitions in the balance sheet as follows: Non-spendable, Restricted, Committed,Assigned, Unassigned • General Fund Unassigned Fund Balance-The Academy shall strive to maintain the General Fund unassigned fund balance at 45 days of operation. • Use of Fund Balance- Fund Balance will be targeted to only be used with Board approval and can only be used for the following: emergencies, non-recurring expenditures, such as technology/FF&E (furniture,fixtures and equipment), or major capital purchases that cannot be accommodated through current year savings. Should such use reduce the balance below the appropriate level set as the objective for that fund, recommendations will be made on how to restore it. • Approval of Commitments-The Board of Trustees shall approve all commitments by formal action. o The action to commit funds must occur prior to fiscal year-end,to report such commitments in the balance sheet of the respective period, even though the amount may be determined after fiscal year-end. o A commitment can only be modified or removed by the same formal action. o The Board of Trustees delegates the responsibility to assign funds to the Superintendent or his/her designee. o The Board of Trustees shall have the authority to assign any number of funds. o Assignments may occur after fiscal year-end. o The Board of Trustees will utilize funds in the following spending order: Restricted, Committed, Assigned, and Unassigned. The following items are Assigned in the Westlake Academy Budget;Technology, Furniture, Fixtures& Equipment Replacement, and Uniforms& Equipment Replacement •Portion of net •This term will is used •This term is used to •The residual net •The portion of fund resources that cannot to describe net fund describe the portion of resources in excess of balance constrained be spent because of resources subject to fund balance that what is properly by limitations imposed their form and externally enforceable reflects a categorized in one of by government at its because they must be legal restrictions. governmenYs the other four highest level and maintained intact. intended use of categories. remains binding unless resources. removed in the same manner. 32 FUND TYPES AND STRUCTURE Westlake Academy, along with other School Districts throughout the State of Texas, record and report all financial transactions using standard set by the Governmental Accounting Standards Board (GASB) and General Accepted Accounting Principles(GAAP). Accordingly,these standards require all School Districts to use individual funds that must be categorized into one of 11 Funds Types. ALL FUND TYPES Governmental Proprietrary I Fiduciary Funds Funds Funds General Fund Internal Service Funds Pension Trust Funds 3 Funds N/A N/A Special Revenue Funds Investment Trust Funds � Enterprise Funds N�A 7 Funds N/A Debt Service Fund Private Trust Funds N/A N�A Capital Project Funds Agency Funds N/A lfund Permanent Funds N/A GENERAL FUND The General Fund is comprised of three subordinate funds: General,Athletic Activities, and Transportation. This fund accounts for most the operational activities required to maintain the Academy's facilities and pay its employees and supported by State and local revenues. GOVERNMENTAL • Fund 199 General Fund -This classification must be used for funds in FUNDS TYPES which the local governing board designates. The local governing board has wide discretion in their use as provide by law. This fund usually includes transactions because of revenues from local sources and State Foundation School Program Sources. Any locally defined code that is used at the local General Fund option is to be converted to Fund 199 for PEIMS reporting. • Fund 198 Athletic Activities-This locally defined fund code is used to 199 General Fund account for expenditures for athletics that normally involve competition between schools (and frequently involve offsetting gate receipts or fees 198Athletic Fund such as football, baseball,volleyball,track,tennis and golf). This fund is converted to Fund 199 for PEIMS reporting. 19�rran5portat�on Fund • Fund 197 Transportation/Parking-This locally defined fund code is used to account for revenues and expenditures related to transportation for students.This fund is converted to Fund 199 for PEIMS reporting. 33 FUND TYPES AND STRUCTURE SPECIAL REVENUE FUNDS Special Revenue Funds account for local, state GOVERNMENTAL and federally financed programs or FUNDS TYPES expenditures legally restricted for specified purposes or where unused balances are returned to the grantor at the close of a specified project period. These funds are not Special Revenue Funds adopted by the governing body and shown here for informational purposes only. Fund 224 Fund 410 IDEA-B Formula Material Allotment • Fund 224 IDEA-B Formula (Federally funded)- Fund is used, on a project F,,,,a n6i FUna 4aa basis,for funds granted to operate Campus Activities Local Grants educational programs for children with disabilities. Fund 497 Fund 498 • Fund 410 Material Allotment (State WAF Student Travel International Mindedness funded) - Funds to purchase the instructional materials that will be Fund 491 used to support the Texas Essential COVID-19 Knowledge and Skills(TEKS) • Fund 461 Campus Activities (Locally funded) - Fund is to be used to account for transactions related to a principal's activity fund if the monies generated are not subject to recall by the school district's Board of Trustees into the general fund. These funds provide after-school activities and local/international travel at Westlake Academy. • Fund 484 Local Grants(Locally funded)—These funds represent grants from Westlake Academy Foundation and the House of Commons for specific purposes. • Fund 491 COVID-19(State funded)—These funds represent unbudgeted expenditures made during the mandated school closure beginning in March 2020 and include such items as technology equipment for distance learning, counseling supplies,additional janitorial services and cleaning supplies.As part of the CARES Act,these expenditures will be reimbursed by TEA. • Fund 497 Westlake Academy Foundation Financial Assistance(Locally funded) -This grant from the Westlake Academy Foundation provides financial assistance for student activities. • Fund 498 International Mindedness Educator Symposium (Locally funded)—Fund will be used for the annual symposium hosted by Westlake Academy focusing on global collaboration. FIDUCIARY FUND TYPES Westlake Academy has a single Fiduciary-type fund, called the Agency Fund, which accounts for resources held in a custodial capacity for the benefit of student organizations. The Agency Fund is not a budgeted fund. 34 ACCOUNT CODING STRUCTURE Financial transactions within funds are organized minimum requirements of the State Board of and classified through the account code system. Education, subject to review and comment by the Section 44.007 of the Texas Education Code (Code state auditor.The annual audit must include the or TEC) requires that a standard school district performance of certain audit procedures for fiscal accounting system be adopted by each reviewing the accuracy of the fiscal information school district.The system must meet at least the provided by the district through the Public minimum requirements prescribed by the State Education Information Management System Board of Education and be subject to review and (PEIMS). comment by the state auditor. The audit procedures are to be adequate to detect Additionally,the accounting system must conform material errors in the school district's fiscal data to Generally Accepted Accounting Principles reported through the PEIMS system for the fiscal (GAAP).This section further requires that a report period under audit.A major purpose of the be provided at the time that the school district following accounting code structure is to establish budget is filed, showing financial information the standard school district fiscal accounting sufficient to enable the state board of education to system required by law. monitor the funding process and to determine educational system costs by school district, campus Although certain codes within the overview may be and program. used at local option,the sequence of the codes within the structure, and the funds and chart of The Texas Education Code, Section 44.008, accounts, are to be uniformly used by all school requires each school district to have an annual districts in accordance with Generally Accepted independent audit conducted that meets the Accounting Principles (GAAP). ACCOUNT CODE STRUCTURE Sub Organization Program Local Fund Function Object Code Object Code Year Intent Option Code Code XXXX Code XXX Code Code Code XXX XX XX X XX XXX (lxxx- (11-99) 1X—Assets (xx) (001-999) (0-9) (11-99) (xxx) 8xxx) 2X—Liabilities Account 3X—Fund Equity Groups 4X—Clearing Accts (9xx) 5X—Revenues 6X—Expenditures 7X—Other Resources 8X—Other Uses �� � ��� 35 REVENUE CLASSIFICATIONS LOCAL FUNDING REVENUES , :�iLi;��'�i;�,,;y::.,, Local funding consists of the following major sources from the Town of ��r'�'�Fr��� ,�,�. �. Westlake and the Westlake Academy Foundation (WAF). }����� .�i� '���---�r:. 3 , ,tl� r�i�i� - • The Town of Westlake provides administrative, human resources, Nr _ -_ - �:,,: ��..:! - - - � �m�� facilities, and financial services for the Academy and is responsible for all � ':1�RKfTI��f,R1:M,�./��"";�;:fr+i�'� debt service payments relating to Academy facilities and infrastructure. ipTkL: �„s-_; r--���,}�, . �, : -i..tVl:•,� �..��.. �:o��- J.�-�'�.�i�4� �.rJ� �_��=� �.�, • The Westlake Academy Foundation is an independent, non-profit �,����x organization that raises funds through donations and various fundraising efforts. The WAF conducts several annual fundraising activities, including the Blacksmith Campaign, an annual fund drive that was started to bridge the funding gap between what charter schools receive in state allocations in comparison to local ISDs. It mainly directs fund raising efforts towards the parents of Academy students and tries to leverage these donations with the employers who have matching programs for individuals that contribute time or money to non-profits.The Blacksmith Campaign is held each year in the month of October and each family is asked to contribute $2,500 per student to help cover the gap between the state public education funding and what the Academy spends on each student. FEDERAL FUNDING • Federal funding is received through grants that support special education. STATE FUNDING • State funding,through the Foundation School Program (FSP), is the Academy's largest revenue source. Funding for public education has increased slightly since the implementation of HB 3 but along with the increase came several state mandated expenditures, i.e. Statutory Minimum Compensation. � - { � r f �� ���� I���� � �k � F . � ������ ��� � , � ..- � . ��� �- -� ���, � � � } � ... . _ � 36 REVENUES ALLOCATED BY STAFF TYPE & FUNCTION REVENUES ALLOCATED BY STAFF TYPE Allocation process includes all available funding$9,914,899 Budgetary allocations are an integral FY 20/21 � element of financial planning for Employee Adopted Percent Revenue learning organizations. Type Staffing of Total Allocation As such,they indicate the level of resources Principals 5.50 5.49% $ 543,988 an organization is committing to a Coordinators 4.38 4.36% 432,717 department or program. Primary 27.50 27.43% 2,719,933 Westlake Academy and the Town of Secondary 37.37 37.27% 3,696,142 Westlake under their shared services model Support 14.00 13.97% 1,384,693 work in harmony to determine resource Specialist 5.00 4.99% 494,533 and revenue allocations. Foundation 1.50 1.50% 148,360 _ Facilities 3.00 2.99% 296,720 Technology 2.00 2.00% 197,813 TOTAL 101.25 Zoo.00/ $ 9,914,899 REVENUES ALLOCATED BY FUNCTION Allocation process includes all available funding$9,914,899 FY 20/21 Proposed Percent Revenue Function Description Staffing Of Total Allocation 11 Instructional 70.37 70.15% $ 6,959,716 12 Media/Library 1.00 1.00% 98,902 21 Instructional 2,00 2.00% 197,803 Leadership The leadership of the Academy 23 Campus Leadership 12.38 12.35% 1,224,403 works directly with the Directors 31 of the finance and human Guidance/Counselors 6.50 6.50% 642,861 resource departments to 33 Health o 1.00 1.00/ 98,902 determine staffing needs as Service/Nurses well as program needs. 36 Extra-Curricular 0.50 0.50% 49,451 41 General Within the scope of the Administration 0.00 0.00% 0 51 Facilities Academy's strategic plan, Maintenance 3.00 3.00% 296,705 staffing and program 53 Information allocations are determined. Technology 2•00 2.00% 197,803 61 W.A. Foundation 1.50 1.50% 148,353 100.25 100.00% $9,914,899 TOTAL 37 EXPENDITURE CLASSICATIONS OBJECT CODE GENERAL DESCRIPTIONS The object number is a 4-digit code that describes the type of wars Sajg �°S��e dor�9 i�,��;;, revenue or expenditure incurred and is comprised of the ���������hnOl� r''::'�rio�s,��, ���� Poss¢� � fifteenth throu h ei hteenth di its in the code structure. For � " ` �°�� ���'p e'pe°e�9f0"' g g g loh�;:impads mohdee�Ce U�IId oo��e� �r�dE�.,��� e�,:,��r�o� child�e�.. dnen�'¢o;,�p���f�e.. p ,o��.= exam le: e��a�� �C11Ye� a;���enYICO�mB�f�s�"� p �ep �g���s���Q� plac��� applieahl� d���iafetl • 61XX Payroll and Payroll Related 8�50 r.,de�s � ��gauP-�.�;.: hB�dS-Ofl, ae�i��es 01� • 62XX Professional &Contracted Services ��p�����C�siop��ey,,{, ���{ c�ca�es f�;�� �,:de:'���: used acf�eme��ommuo� f�Vlul� ��f�����I V�1�I� • 63XX Su lies and Materials e�a39co I�al�ys�nu��' � pp t:od p°��.oc+eofial oaou�uoil���� �es:�os1�S�I������ ��ass • 64XX Other Operating Costs pcys���u�e�:E�� �28f�Ci5 • 65XX Debt Service • 66XX Capital Outlay (not applicable to charter schools) FUNCTION CODES — GENERAL DESCRIPTIONS A function code represents a general operational area at the Academy and groups together related activities. The assignment and use of function numbers is based on the financial accountability standards established by the Texas Education Agency in accordance with the Texas Administrative Code. The function code is a 2-digit number that follows the 3-digit fund code in the accounting number scheme. FUNCTION CODE FUNCTION CODE DECRIPTION 11 Instruction 12 Instructional Resources& Media Sources 13 Curriculum Development& Instruction/Staff Development 21 Instructional Leadership 23 School Leadership (Principal) 31 Guidance, Counseling& Evaluation Services 32 Social Work Services 33 Health Services 34 Student (Pupil)Transportation 35 Food Services 36 Co-curricular/Extracurricular Activities 41 General Administration (Superintendent/Board) 51 Plant Maintenance and Operations 52 Security and Monitoring Services 53 Data Processing Services 61 Community Services 71 Debt Service 81 Facilities Acquisition and Construction 38 EXPENDITURE CLASSICATIONS 10 INSTRUCTION AND INSTRUCTIONAL RELATED SERVICES • Function 11- Instruction-This function is used for activities that deal directly with � the interaction between teachers and students.This function includes expenditures for direct classroom instruction and other activities that deliver, enhance, or direct the delivery of learning situations to students. Expenditures for the delivery of instruction in regular program basic skills, bilingual and ESL programs, ' compensatory, remedial or tutorial programs, gifted and talented education � programs, and vocational education programs are classified in function 11. For - example,function 11 includes classroom teachers,teacher assistants, and graders, but does not include curriculum development(function 13) or principals(function 23). • Function 12- Instructional Resources and Media Services-This function is used for expenditures that are directly and exclusively used '` � ' if��a� for resource centers establishin and maintainin libraries and other r ' I 4� t� , g g � +, major facilities dealing with educational resources and media. For � - M - _ .Y� example,function 12 includes librarians, but does not include textbooks (function 11)or reference books in the classroom (also function 11). • Function 13-Curriculum Development and Instructional Staff Development-This function is used for expenditures that are directly and exclusively used to aid instructional staff in planning, developing, and evaluating the process of providing learning experiences for students.This function also includes expenditures related to research and development activities that investigate, experiment and/or follow-through with the development of new or modified instructional methods,techniques, procedures, services, etc. For example,this function includes staff that research and develop, innovative new or modified instruction and staff who prepare in-service training for instructional staff, but does not include salaries of instructional staff when attending in-service training(function 11 or 12). 20 INSTRUCTIONAL AND SCHOOL LEADERSHIP • Function 21- Instructional Leadership-This function encompasses those °,chan�es i,�;;�,�,����� district-wide activities which have as their purpose managing,directing,and = _ -;� _ �U ��1�:1��;_'�'s supervising the general and specific instructional programs and activities. For � -�""` ,.,•• en ��3sivn example,function 21 includes instructional supervisors but does not include `�`,".;1°T"'�„"`'"",� nr�anizaiiun principals(function 23). L�1��ERSHII �or��ic;tinn W1R� - �f �['ii�•�4�i' �i � ^ �qn:,liiy�_ • Function 23-School Leadership-This function includes expenses for directing, -'- �-� � ; �' %diverse M. .. . , � managing,and supervising a school. It includes salaries and supplies for the _ ,...,;.,,. Y i��,�i�� principal,assistant principal,and other administrative and clerical staff, including attendance clerks. 30 SUPPORT SERVICES—STUDENT • Function 31-Guidance,Counseling,and Evaluation Service-This function includes expenses for testing and assessing student abilities,aptitudes,and interests with respect to career and educational goals and opportunities. It includes psychological services,testing, and counseling. 39 EXPENDITURE CLASSICATIONS • Function 32-Social Work Services-This function includes expenditures which directly and exclusively promote and improve school attendance. Examples include social workers, non-instructional home visitors, home visitor aides,and truant officers. � `+�� de • Function 33- Health Services-This function embraces the area of �' __�„ responsibility y providing health services which are not a part of direct instruction. It includes medical, dental,and nursing services. � i� � �--�`� '� - F,���a.�w.i:,�e��a>...,�s= �.. • Function 34-Student Transportation- — """"` This function includes the cost of providing management and operational services for transporting students to and from school. Function 34 includes transportation supervisors and bus drivers, but does not include field trips (function 11) or student organization trips(function 36). • Function 35- Food Services-This function includes the management of the food service program at the schools and the serving of ineals, lunches, or snacks in connection with school activities. Function 35 includes cooks and food purchases, but does not include concession stands (function 36). • Function 36-Co-curricular/Extracurricular Activities-This function incorporates those activities which are student and curricular related, but which are not necessary to the regular instructional services. Examples of co-curricular activities are scholastic competition, speech, debate, and band. Examples of extracurricular activities are football, baseball, etc. and the related activities (drill team, cheerleading) that exist because of athletics. Function 36 includes athletic salary supplements paid exclusively for coaching, directing, or sponsoring extracurricular athletics, but does not include salaries for teaching physical education (function 11). 40 SUPPORT SERVICES-ADMINISTRATIVE • Function 41-General Administration-This function includes expenses incurred for the overall administrative responsibilities of the District. It includes expenses for the school board, superintendent's office, personnel services, and financial services. 50 SUPPORT SERVICES- NON STUDENT BASED • Function 51- Plant Maintenance-This function deals with expenditures made to � S�H°o�, keep buildings, grounds, and equipment safe for use and in efficient working � -�� '.o I ,li condition.This function also includes expenditures associated with warehousing �`� services. Examples include janitors,facility insurance premiums, utilities, and - warehouse personnel. • Function 52-Security and Monitoring Services-This function is used for expenditures that are for activities to keep student and staff surroundings safe, whether in transit to or from school, on a campus, or participating in school-sponsored events at another location. 40 EXPENDITURE CLASSICATIONS • Function 53- Data Processing Services-This function is for non-instructional Wekome data processing services which include computer facility management, ��d��,� computer processing, systems development, analysis, and design. Personal computers that are stand alone are to be charged to the appropriate function. t:;��;�;��J_'.�:;�:���_:��s;;.� Peripherals including terminals and printers are also to be charged to the appropriate function. 60 ANCILLARY SERVICES • Function 61-Community Services-This function encompasses all other activities of the school district, which are designed to provide a service or benefit to the community or a portion of the community. Examples would include recreation programs, natatorium, and parenting programs. T 70 DEBT SERVICE - • Function 71- Debt Service-This function includes expenditures for bond and lease purchase principal, and all types of interest paid. 80 CAPITAL OUTLAY • Function 81-Capital Acquisition&Construction-This function includes expenditures that are acquisitions, construction, or major renovation of Academy facilities. - � - � - -•� �:�.� i. -: ` _• ' • ..-��� - .'��- � , � . , � � . .-��y� i>-_� �.' • -. -� � . � la - � ` �.... --�} '� � - '.;'x-�� r S� ,.,;;.�: ... - .�-...y'=`� .. �. 5_� -- _"c a... i>' ::��: . - .:� . :1�.:'. - '.r�.2s•: � -�. � •�.. .�W,�1'„�,�� ��'- . .r..a di' a. . •��Z..��' ���;,�'. r,_.r.:_. " -=° �;� r� - - "Sunrise Beach" ,�� . "�, ��w'�;��" ;'.:.. �.•..,:; : r• � Artwork by: L Terrell, .2o"�i- �h ��a = Grade 4 41 EXPENDITURES SHARED SERVICE MODEL The Academy operates under a shared service model �J=,,��:,•;.��, -;::;-�.:•�;�, . '► �:�s;�y �r...,..�.- .- with the Town of Westlake, whereby the municipal ;:��� �-;;.:�.�,,,��;, operations team provides Human Resources, � ,._. _'y . � �_`�� � _ �. Financial, Facilities, and Administrative support � �,' • _-- � - services to the Academy. General maintenance and �� ��� _� ; ' ��,�„ . ,., -'�_ ••!.�� y_ ,,...�� � , replacement of infrastructure and equipment for the "�; ` ���� ���i�'�w��e� - : � _._ : + . �__:.v:,'�._.s.�`-�. � _ . _ - • ' _�__ _ school is also expensed tothe municipal budget. � ' - �r—=; ..-.. " ,--. f'i ` - These service costs were previously booked to the _ -- � � �- =_ . - ; -�� ; -;��_°•,_.. ; __�,- : .. _-_ Westlake Academy operating budget, but were `:,� � ,:�ti:�:„ �� r "'�"�� � "� � ' . . �. y:� �, � �. ,�--:.-,': _�` removed from the operating budget in the 12/13 school year. The following operating costs are booked to the Town of Westlake's General Fund and Debt Service Fund. • Municipal-Transfer to WA Operating Budget • Municipal-Transfer to WA for WAF staff(50% between Town and WA) • Annual Debt Service Payments • General Major Maintenance and Replacement • In-direct Operating Costs (Payroll and Related) Amended Proposed $Increase %Increase FY 2019/20 FY 2020/21 (Decrease) (Decrease) Municipal-Transfer to WA Operating Budget $ 219,750 $ -0- $ (219,750) -100.00% Municipal-Transfer to WA WAF Staff 71,431 71,235 (196) -0.27% Annual Debt Service(Municipal budget) 1,835,180 1,829,413 (5,767) -0.31% Major Maintenance and Replacement 263,480 221,000 (42,480) -16.12% In-direct Operating Costs 989,820 1,268,314 278,494 28.14% Total Municipal Costs $ 3,379,661 $ 3,389,962 $ 10,301 0.30% The support services for the Academy that generate indirect costs paid by the Town of Westlake are: • Finance and Accounting Services • Facility Maintenance Services • Human Resources • Information Technology • General Managerial Oversight(Superintendent) • Town Secretary records maintenance and election administration • Board Support Services including policy advisement and strategic planning As part of the Academy's unique financial structure the Town of Westlake is responsible for debt service payments associated with the Academy's capital infrastructure. The Municipal Debt Service Fund is used to manage debt service payments, and Academy debt is accounted for in the annual municipal budget. DEBT SERVICE-As part of the Academy's unique financial structure the Town of Westlake is responsible for debt service payments associated with the Academy's capital infrastructure. The Municipal Debt Service Fund is used to manage debt service payments, and Academy debt is accounted for in the annual municipal budget. CAPITAL PROJECTS—There are no major Academic capital projects budgeted or planned through FY 20/21. 42 RELATIONSHIP BETWEEN FUNDS AND FUNCTIONS � � � 0 � � � _ � Q ° � Q '� o �, � � � C O U O -C dA � co � � +� � +� co c L ,� a v v � � v ' v � p Q v� +, p v c� �� N � t 7 O LL1 N C — GA i 6! J '� 0 N � � � C O c N � 0 � v U c) C c6 � +�+ � vNi N 6! C C � C c�6 � i � 7 � � �S V � •L O O � � J � v�i ~ c� �n Q 'co p C 3 3 � 3 O c�o t � L +� � � *' a 3 v�i +� N 7 •> N +� � +� ++ ++ i ++ 0 "6 �p "6 c� � � C V +�+ � � � � U � �n (7 2 v� U Q (7 a v�i 0 U � FUND NAME 11 12 13 21 23 31 33 34 36 41 51 52 53 61 71 GENERAL FUND Fund 199 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ General Fund Fund 198 � � Athletics Fund 197 � � � Transportation SPECIAL REVENUE FUNDS FUND NAME 11 12 13 21 23 31 33 34 36 41 51 52 53 61 71 Fund 224 � IDEA-B Formula Fund 410 � Material Allotment Fund 461 � � Campus Activities Fund 484 � � � � Local Grants Fund 491 � � � � � � � COVID-19 Fund 497 Student Travel ✓ Award Fund 498 � � I.M.E.S. 43 FINANCIAL REPORTING ENTITY LEGAL AUTONOMY The Board of Trustees consists of six trustees (five trustees and the Board President)that also serve as the Town Council for the Town of Westlake,the entity that owns and operates the Academy. The Academy prepares its basic financial statements in conformity with generally accepted accounting principles promulgated by the Government Accounting Standards Board (the "GASB") and other authoritative sources identified in Statement on Auditing Standards No. 69 of the American Institute of Certified Public Accountants, and it complies with the requirements of the appropriate version of the Texas Education Agency(TEA) Financial Accountability System Resource Guide (the "Resource Guide") and the requirements of contracts and grants of agencies from which it receives funds. The Board has the authority to make decisions, appoint administrators and managers, and significantly influence operations. It also has the primary accountability for fiscal matters. Therefore,the Academy is a financial reporting entity as defined by the GASB in its Statement No. 14, "The Financial Reporting Entity." The Academy's basic financial statements include a separate entity that is controlled by or dependent on the Academy. The determination to include separate entities is based on the criteria of GASB Statement No. 24, "The Financial Reporting Entity" as amended by GASB Statement No. 39, "Determining Whether Certain Organizations are Component Units." GASB defines the reporting entity as the primary government and those component units for which the primary government is financially accountable. To be financially accountable, a voting majority of the component unit's ruling body must be appointed by the primary government, and either • the primary government can impose its will, or • the primary government may potentially benefit financially or be financially responsible for the component unit. Wes�Iake Academ Foundatian � Y The Westlake Academy Foundation (the "Foundation") is a 501(c)3 nonprofit organization which was established exclusively for the purposes of supporting the Academy. This includes fundraising for and contributing raised funds to the Academy. The Foundation is discretely presented in the Westlake Academy financial statements and reported in a separate column to emphasize that it is � legally separate from the Academy. Separate audited i financial statements of the Foundation are prepared --.;ti: annually. ,;' . � � - � � —�� � 44 i � :. . . . , . ,. . . ���r .p', � • , •v � . "� , �i, „ -�.,. , ...- _ . . ,, .._ . ..a_ ,,;;,,, ' ,•'A ,..g. ,�x � . ��. ., , ;...:�:� ,,,.,,,.... ,� �r, • � �s ti�� , ' 'J. r".y. n���� � .,, ��,� � '. ��).i...�- . .� ����.C��'� .F „�.4e�;L ri;.,Y I:����,���"� =�� 'f y 5:��¢� ,r• .�,�, 1HX.., . ::�'�� ,,,,� r ih5, ��: �S" ' " Y�y� :`�r ,,:<�,i,".?:.. . ,.. .;„ . .d�..�ia l, ,. ,,.-. ,..,., �. „ ... ;.,- .• .�,., . .,:. , ;' 1, � 11l ,. _ .. .., .. �. ... „ . , . .. . .. , . .... , .. . .... _ f ,�8 �„ 4 a : . (�v S':, S 3's'��4,%1� ��+���,���'�n���s�r�,���.��� e,��'��^ , .. "P��,�,"' -".�" _ ;•� � �;,; �.�.�.�` . r _. .. � �., � � , S''��'�,v' ' , , e �` ,, �-�' "�� `'y'�► d r �r':',,�'S 5+`'1``' ' r ''� � ���:r, , , .. . � , � �,�$1�,r. � �` � .,. , p, ¢ 'r."' ' ... 1 � { , I_ ' �.,'�,='t r,' ��a.s�,' V r� '�A ti � � ; � � � � � '� �. .., ♦ ,� � � ' � � � � '�--��,,r``-- '�5' ,.�}:� . .. , . .. .. .. ,__ _ . '"Ffi ���i 'h _ '.�v� . ' ' �.��. ; Y�Yl; ' .�' �. . ;�,�nd"y., )s�'i:'i`+: ' „-'�f �.; N�k �ry,'F' :,f Mr.'J4��� ,, �..::',,' r•�: .l.�v�'. '�tiV�`�t'�.�k•i � :�'Sa.�,. .. ��ti��1..F,`[��f����� . . ... .��j'�• ��f� ' ,,���.` � , ,..; `�, ,`+ �' ,�. J ,�-^�g-� :;�:�. S,Y,.F{.4� i.:� '.�., .�� '•7.:�� .4 , � ..rr�ili , � �'� r� i (: ' 4 �1: �'�. ' . ' �� •.' .'�1�V. '�S'1"K. .4}:�'�. �;�...:. , '.1��1`���� 1%r`l� '��. 'iJ j:}":. . ., , , ,������. W� '���pf S S�1 fI' "�,',>,:� ,._... ��fy ,., ,_ ���:,�. T�is page is intentionaLLy �bLan� FINANCIAL FORECAST ASSUMPTIONS Student Enrollment Assumptions: • Decrease of 4 students in FY 2020/21 • Student enrollment will remain flat at 885 through FY 23/24 • Average Daily Attendance rate of 97%. .. �rl� Revenues: � �VII� • 100%use of Westlake Academy Foundation (WAF)Annual - �qT `- �' �fVH��� Program revenues(proposed $1.03 million). �E _ ' • Municipal contributions have been discontinued. � NY� ' yy • Future revenue projections are based on the student �hQV� � average daily attendance (ADA), which is used to calculate the cost of public education for the next biennium. With the school closures �UESTIDNS SWERS due to COVID-19, revenues are expected to remain flat for FY 20/21 and are calculated based on the ADA from the prior year. • Charter schools do not have taxing authority, making them reliant upon state and local funding sources. • As an open enrollment charter school, all State funding is determined each legislative session and channeled to Westlake Academythrough the Foundation School Program (FSP). • Due to the uncertainty of state funding,the Academy adopted a new policy in FY 14/15 which only allows increases in expenditures if there is an offsetting increase in revenues. Charter schools are funded based on their weighted average daily attendance (WADA). A school's WADA is determined not only by the number of students attending, but by their participation in special programs, such as special education and career and technology • Most Academy General Fund revenue is derived from the Foundation School Program. • Secondary sources include the Westlake Academy Foundation and the Blacksmith Campaign. • Growth in local revenues has been significant and is a result of strong parent and community support of the Academy. Expenditures: • Personnel costs are estimated to increase approximately 2.0%for FY 2020/21 and 1.0% ,�:==`_=__.. ��:—=_-_� annually in subsequentyears. �_ - _- • Due to the uncertainty of state funding �� � � .�: ��`� �f professional services,supplies and other ' � � ��`" ,,�: �,::-' � �,. -_ operating expenditures are being held flat in �,� / - - -''� ' '' WELCO f cT�UE k': i F -i? �� .. outer years and will only increase if revenues ;� - . ' '� � - ,,. , � , . I � ! � increase to offset additional expenditures. / 4 ���� �- �,, �,t,��` x:;, � • House Bill 3 mandates remain in effect as the � � ���. ������ [ � � 4 �li �, . �;. grade kindergarten through 3rd Reading � � Academy training begins in FY 2020/21 and will continue through FY 2022/23. 47 Westlake Academy - General Fund Statement of Revenues, Expenditures & Changes in Fund Balance Fiscal Years 2017/2018 through 2022/2023 Audited Audited Adopted Amended Proposed Amount Projected Projected Projected Projected FY 17/18 FY 1S/19 FY 19/20 FY 19/20 FY 20/21 Inc/(Dec) FY 21/22 FY 22/23 FY 23/24 FY 24/25 REVENUE Transportation $ 17,979 $ 21,725 $ 10,500 $ 10,500 $ 10,500 $ - $ 10,500 $ 10,500 $ 10,500 $ 10,500 Parking 14,911 18,277 15,000 15,000 15,000 - 15,000 15,000 15,000 15,000 AthleticActivities 82,602 104,378 88,100 88,100 88,100 - 88,100 88,100 88,100 88,100 Interest Earned 9,878 22,558 20,000 18,000 10,000 (8,000) 10,000 10,000 10,000 10,000 WAF Blacksmith Donation 1,012,367 1,059,860 1,030,000 1,030,000 1,030,000 - 1,030,000 1,030,000 1,030,000 1,030,000 Salary Reimbursement(liaison to WAF) 67,313 67,054 67,911 71,431 71,235 (196) 71,947 72,667 73,394 74,128 Municipal Transfer 315,000 224,806 219,750 219,750 - (219,750) - - - - Other Local Revenue(sub,tech,prnt,misc) 44,133 39,812 47,300 47,300 47,300 - 47,300 47,300 47,300 47,300 Technology EquipmentSale Proceeds - 79,683 85,000 - - - - - - - Food Services 7,000 7,000 7,000 7,000 7,000 - 7,000 7,000 7,000 7,000 Total Local Revenues 1,571,182 1,645,153 1,590,561 1,507,081 1,279,135 (227,946) 1,279,847 1,280,567 1,281,294 1,282,028 Percent of total revenues IB% 18% 16% 16% 14% 14% 14% 14% 13% .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. TEA-Available5choolFunds 186,422 384,031 212,000 271,051 212,000 (59,051) 212,000 212,000 212,000 212,000 TEA-Foundation School Funds(incl accr) 6,018,152 6,053,789 6,774,800 6,910,121 7,024,142 114,021 7,024,142 7,024,142 7,024,142 7,066,512 CTEFunding(addt'ITEA-FSPFunds) 424,933 239,000 495,800 263,366 263,366 - 263,366 263,366 263,366 263,366 Facilities Allotment(addt'I TEA-FSP Funds) - 180,300 160,500 171,125 160,500 (10,625) 160,500 160,500 160,500 160,500 .......................... ......................................................... ......................................... ................................ ............................ .......................... ........... .... ........ .............. . .... ....................................... TEA-Advanced PlacementTraining 2,850 4,800 3,000 6,750 6,750 - 6,750 6,750 6,750 6,750 SB-500 SPED Services - - - 5,172 - (5,172) - - � - - TRS On-behalf/Medicare Part B 444,663 442,267 481,272 481,272 486,085 4,813 490,946 495,855 500,814 505,822 TotalState Revenues 7,077,020 7,304,187 8,127,372 8,108,857 8,152,843 43,986 8,157,704 8,162,613 8,167,572 8,214,950 Percen[ofto[alrevenues 82% 82% 84% 84% 86% 86% 86� 86% 87� TOTAL REVENUES $ 8,645,202 $ 8,949,340 $ 9,717,933 $ 9,615,938 $ 9,431,978 $ (183,960) $ 9,437,551 $ 9,443,180 $ 9,445,866 $ 9,496,975 EXPENDITURES by FUNCTION Function 11-Instructional $ 4,924,708 $ 4,843,246 $ 5,273,570 $ 5,842,824 $ 5,141,964 $ (700,860) Function 12-Resources&Media 86,094 90,039 96,371 96,371 95,802 (569) Function 13-Curriculum&Staff Development 83,902 92,192 83,545 83,545 64,045 (19,500) Function 21-Instructional Leadership 153,295 154,969 182,919 182,919 191,240 8,321 Function 23-School Leadership 888,589 948,814 1,030,836 1,030,836 1,117,395 86,559 Function 31-Guidance&Counseling 311,250 479,388 568,295 566,954 604,282 37,328 Function 33-Health Services 72,233 71,810 75,686 79,686 82,673 2,987 Function 36-Co/Extracurricular Activities 215,236 256,287 279,323 293,033 272,047 (20,986) Function4l-Administrative 324,975 211,992 253,649 253,649 241,995 (11,654) Function 51-Maintenance&Operations 931,623 990,511 970,081 970,081 983,676 13,595 Function 52-Security&Monitoring - 35,753 37,000 37,000 26,800 (10,200) Function 53-Data Processing 192,034 210,088 228,360 228,360 221,565 (6,795) Function 61-Community Services 130,862 130,014 142,862 142,862 142,471 (391) Function 71-Debt Service 167,067 166,005 350,005 207,922 207,922 - TOTAL EXPENDITURES by FUNCTION $ 8,481,868 $ 8,681,108 $ 9,572,502 $ 10,016,042 $ 9,393,877 $ (622,165) EXPENDITURES by OBJECT ObjectCode61XX-Salaries $ 6,449,360 $ 6,616,166 $ 7,412,546 $ 7,409,904 $ 7,425,791 $ 15,887 $ 7,500,049 $ 7,575,049 $ 7,650,800 $ 7,727,308 Object Code 62XX-Contracted Services 1,093,302 1,047,450 916,889 922,401 932,785 10,384 932,785 932,785 932,785 942,113 Object Code 63XX-Supplies&Materials 286,372 350,509 394,229 974,790 362,074 (612,716) 362,074 362,074 362,074 365,695 Object Code 64XX-Other Operating Costs 485,766 500,978 498,833 501,025 465,305 (35,720) 486,305 504,305 504,305 509,348 Object Code 65XX-Debt Service 167,067 166,005 350,005 207,922 207,922 - 207,922 226,002 226,002 226,002 TOTAL EXPENDITURES by OBJECT $ 8,4S1,S6S $ 8,681,108 $ 9,572,502 $ 10,016,042 $ 9,393,877 $ (622,165) $ 9.489,135 $ 9,600,215 $ 9,675,966 $ 9,770,466 CapitalLease Proceeds $ - $ - $ - $ 585,623 $ - $ �585,623) $ - $ - $ - $ - Transfer in-Athletics(198) 85,000 90,000 90,000 90,000 140,000 50,000 100,000 100,000 100,000 100,000 Transfer out-GeneralFund(199) (85,000) (90,000) (90,000) (90,000) (140,000) (50.000) (100,000) (100,000) (100,000) (100,000) NET OTHER RESOURCES&USES - - - SS5,623 - (585,623) - - - - EXCESS REVENUES OVER(UNDER)EXP $ 166,334 $ 268,232 $ 145,431 $ 185,519 $ 38,101 $ (147,418) $ (51,584) $ (157,035) $ (227,100) $ (273,487) FUND BALANCE BEGINNING 939,271 1,105,605 1,373,837 1,373,837 1,559,356 185,519 1,597,457 1,545,873 1,388,837 1,161,738 FUND BALANCE ENDING 1,105,605 1,373,837 1,519,268 1,559,356 1,597,457 38,101 1,545,873 1,388,837 1,161,738 888,251 Less:Assignedfor Bus Maintenance (24,090) (24,090) (19,000) (19,000) (19,000) - (18,050) (17,148) (16,290) (15,476) Less:AssignedforTechnology R&M - - - (54,000) (54,000) - (51,300) (48,735) (46,298) (43,983) Less:Assigned for Ath Uniform/Equip Rplcmnt (15,000) (15,000) (15,000) (15,000) (15,000) - (15,000) (15,000) (15,000) (15,000) FUND BALANCE ENDING(Unassigned) $ 1,066,515 $ 1,334,747 $ 1,485,268 $ 1,471,356 $ 1,509,457 $ 38,301 $ 1,461,523 $ 1,307,955 $ 1,084,150 $ 813,792 Number of Operating Days 46 56 57 54 59 5 56 50 41 30 Dollars per Operating Day $ 23,238 $ 23,784 $ 26,226 $ 27,441 $ 25,737 (1,705) $ 25,998 $ 26,302 $ 26,509 $ 26,768 TotalStudentsEnrolled 856 869 910 889 885 (4) 885 885 885 890 TEA Funding per Student $ 7,745 $ 7,683 $ 8,399 $ 8,567 $ 8,655 89 $ 8,655 $ 8,655 $ 8,655 $ 8,654 Operating Cost per Student(Academic Only) $ 9,909 $ 9,990 $ 10,519 $ 11,267 $ 10,615 (652) $ 10,722 $ 10,848 $ 10,933 $ 10,978 Teachers 66.26 66.25 70.30 70.30 69.88 (0.42) 70.50 70.50 70.50 70.50 Student/Teacher Ratio 12.92 13.12 12.94 12.65 12.66 0.01 12.55 12.55 12.55 12.62 ALL Faculty&Staff 93.76 94.75 101.13 101.13 100.25 (0.88) 100.25 100.25 100.� 100.25 GOVERNMENTAL FUNDS FI NANCIAL SU M MARY The following schedules present a comparison of revenues and expenditures for all Governmental Funds in the Academy's Budget.As a reminder,Governmental Funds include the General Fund and Special Revenue Funds. BUDGET SUMMARY Amended Proposed $Increase % Increase FY 19/20 FY 20/21 (Decrease) (Decrease) Total Revenues $ 9,985,798 $ 9,914,899 $ (70,899) -0.71% Total Expenditures 10,385,902 9,876,798 (509,104) -4.90% Net Other Sources/Uses 585,623 - (585,623) -100.00% Excess Revenues Over(under) Expenditures 185,519 38,101 (147,418) -79.46% Fund Balance Beginning 1,387,690 1,573,209 185,519 13.36% Fund Balance Ending $ 1,573,209 $ 1,611,310 $ 38,101 2.42% A public charter school operating budget is legally required to include the Academy's General,Debt Service,and Food Service Funds. However,the Academy does not maintain a Food Service Fund or a Debt Service Fund,so the General Fund is the only legally adopted fund. Budgets for Special Revenue Funds are included throughout the presentation for informational purposes only. GOVERNMENTAL REVENUE The Academy's primary revenue sources continue to be the State Foundation School Program and the Westlake Academy Foundation. Revenues received by Westlake Academy are classified into three broad categories: Amended Proposed $Increase %Increase FY 19/20 FY 20/21 (Decrease) (Decrease) State Program Revenues $8,120,959 $8,302,843 $ 181,884 2.23% Local Revenues 1,751,169 1,496,635 (254,534) -14.53% Federal Revenues 113,670 115,421 1,751 1.54% Total Revenues $9,985,798 $9,914,899 $(70,899) -0.71% LOCAL REVENUES Local funding consists of the following major sources: The Town of Westlake,Westlake Academy Foundation(WAF)and the House of Commons. o The Westlake Academy Foundation(WAF) is an independent, non- profit organization that raises funds through donations and various Federal Program fundraising efforts. The WAF conducts several annual fundraising Revenues activities, including the Blacksmith Campaign,an annual fund drive 1/0 . Local which started as a way to close the funding gap between what charter Revenues schools receive in state allocations in comparison to local ISDs. It 18% mainly directs fundraising efforts towards the parents of Academy students and tries to leverage these donations with the employers who have matching programs for individuals that contribute time or money to non-profits. The Blacksmith Campaign is held each year in State October,and each family is asked to contribute$2,500 per student to help Program cover the gap between the state public education and what the Academy Revenues spends on each student. 81� o Other Local Revenues include athletic activities,transportation and parking fees, interest earned,food services,TEA/ESC Region 11 substitute reimbursement,and municipal contributions. 48 GOVERNMENTAL FUNDS FI NANCIAL SU M MARY o The Westlake Academy House of Commons(HOC)is the 501(c)3 parent/teacher organization of Westlake Academy. Members of the HOC assist with fundraising projects, participate in educational and social programs,or volunteer time to help show the teachers and staff at Westlake Academy that they are appreciated. Through fundraising efforts,the HOC provides needed support to the school. FEDERAL PROGRAM REVENUES Federal funding is received through grants that support special education and accounts for approximately one(1%)of revenues for all funds. STATE PROGRAM REVENUES State funding is the Academy's largest revenue source,making up approximately 81%of all General Fund revenues. Funding for public education has increased slightly over the last two legislative sessions,but overall funding still falls short of the FY 2009/10 school year. The Texas economy has been strong,but ongoing litigation regarding public education funding has created a hesitancy to adjust funding projections until the courts have ruled upon the constitutionality of the current funding methodology. Consequently,the Academy continues to utilize prior year funding levels when developing financial models and forecasts. Staff estimates that the average level of total state aid received through the Foundation School Program (FSP) in FY 2020/21 will be approximately$8,6552 per student. State Funding Per Student $10,000 $S,ODG - _ ..ag I I ^ ' I � $6,000 � � �� � 54,000 $7,166 $7,438 57,46b 57,745 5,'�ua"3 58,399 $8.567 $8,655 52.U00 I �� 5- FY 14/15 fY 15/16 FY 15/17 FY 17/18 FP 15/19 FY 3.9/20 FY 19/20 FY 20/21 Actual Actual Actual Actual Actual Adopted Amended Proposed GOVERNMENTAL EXPENDITURES Amended Proposed Budget Budget $Increase %Increase Expenditure FY 19/20 FY 20/21 (Decrease) (Decrease) Percent 11-Instructional $ 6,050,546 $ 5,494,185 $ (556,361) -9.20% 55.62% 12-Resources& Media 96,371 95,802 (569) -0.59% 0.97% 13-Staff Development 96,791 89,045 (7,746) -8.00% 0.90% 21-Instructional Leadership 182,919 191,240 8,321 4.55% 1.94% 23-School Leadership 1,030,974 1,120,595 89,621 8.69% 11.35% 31-Guidance&Counseling 572,007 604,282 32,275 5.64% 6.12% 33-Health Services 79,686 82,673 2,987 3.75% 0.84% 36-Extra-/Co-Curricular Activities 428,410 374,547 (53,863) -12.57% 3.79% 41-General Administration 254,623 241,995 (12,628) -4.96% 2.45% 51-Maintenance&Operations 971,136 983,676 9,540 0.98% 9.96% 52-Security& Monitoring 40,295 26,800 (13,495) -33.49% 0.27% 53-Data Processing 228,360 221,565 (6,795) -2.98% 2.24% 61-Community Services 142,862 142,471 (391) -0.27% 1.44% 71-Debt Service 207,922 207,922 0 0.00% 2.11% 49 GOVERNMENTAL FUNDS FI NANCIAL SU M MARY 65XX Debt Service For FY 2020/21, step increases were approved for Z� Teachers, Librarians and Nurses. One percent increases 64xx- Other 61XX were approved for Administrative and hourly staff.The Operating Payroll& combined total financial impact is less than 16K. These s� Related Items �4 io adjustments to compensation and benefits will allow the 63XX Academy to remain competitive and serve as a valuable Supplies& Materials component in our recruiting and retention efforts. �o� 62XX Contracted Services 12% Amended Proposed EXPENDITURES Bud et Bud et o Employee compensation g g $Increase /Increase BY OBJECT CODE FY 19/20 FY 20/21 (Decrease) (Decrease) and benefits are Westlake 61XX-Payroll & Related Items $7,671,888 $7,767,860 $95,972 1.25% Academy's largest operating expenditures. Board policy 62XX-Contracted Services 944,249 961,308 17,062 1.81% states a desire to maintain 63XX-Supplies& Materials 1,032,704 437,691 (595,013) -57.62% a salary scale within three 64XX-Other Operating 529,142 502,017 (27,125) -5.13% percent(3%)ofthe districts 65XX-Debt Service 207,922 207,922 0 0.00% surveyed for market TotalExpenditures THE SHARED SERVICES MODEL Administrative,financial, human resources and facilities services are provided by the Town of Westlake under a shared services model. These service costs were previously booked to the Westlake Academy operating budget but were removed in the FY 12/13 school year. The following table illustrates indirect operating costs which are booked to the Town of Westlake's General Fund and Debt Service Fund. 1 --- ___ - — � �-I � � °� � �\ �(V�.1 � L i� 'I � � ; + � � t ? � I �� � r � w �. �1 �0�� `, � � � 'i_-- � ---__ r i_ - _ —___- _ 50 GOVERNMENTAL FUNDS FI NANCIAL SU M MARY GENERAL FUND EXPENDITURES Amended Proposed $Increase %Increase Academic&Municipal Expenditure Costs FY 2019/20 FY 2020/21 (Decrease) (Decrease) Operating Expenditures $ 10,016,042 $ 9,393,877 $ (622,165) -6.21% Municipal-TransfertoWAOperatingBudget 219,750 - (219,750) -100.00% Municipal-TransfertoWAWAFStaff 71,431 71,235 (196) 100.00% Total Academic Costs 10,307,223 9,465,112 (842,111) -8.17% Annual Debt Service (Municipal budget) 1,835,180 1,829,413 (5,767) -0.31% Major Maintenance and Replacement 263,480 221,000 (42,480) -16.12% In-direct OperatingCosts (Payroll & Related) 989,820 1,268,314 278,494 28.14% Total Municipal Costs 3,088,480 3,318,727 230,247 7.46% Academic(General) &Municipal Expenditure Costs $ 13,395,703 $ 12,783,839 $ (611,864) -4.57% NumberofStudents 889 885 (4) -0.45% Total Expenditure Cost perStudent $ 15,068 $ 14,445 $ (623) -4.14% PROJECTED ENDING FUND BALANCES Historically,revenues and expenditures have increased at relatively the same rate which has dictated the need for a higher fund balance. The Academy strives for a 45-day minimum requirement established by Board policy. It is anticipated that this trend will continue over the next five years,with a relatively slow but steady growth in fund balance. The Academy anticipates that the General Fund balance will remain above the TEA's recommended 45 days(School FIRST Rating),barring any unforeseen circumstances. � • � � . . � • � • , . General Fund $1,559,356 $9,571,978 $9,533,877 $1,597,457 99% $38,101 2% Special Revenue Funds 13,853 482,921 482,921 13,853 1% - 0% r � � � �� -: __ . ..��"""� ._ �� 0. � A R - . ..; .. k. _ ` ., � ;� .� .. __�:,.. ,��' �-- _�. •�''---, 7 � _.. 1 i�`� -� ��".....- ��.�! .�ww• y.�` M�..i. ._ T1-�_.� � ��,� ��- ���.. .apiU�G �e.1�xF y�-�-M : c-�� i �-.-��, b �` � r_� - • , r : - ,b.,, _,:,.-ti�.—... ---.. - —� '� .���. - — "=�a�� _ ..,. ` �-�s�.�__--�i�,t"��`"3.i����B4a.`�a���'�'�Y . �.. . c�,�,.; � -- y � 7_I ' ' 7 i .����� �'ji`� �a—� . ,_ � �r I'.L_ _'J �������'��-- � -I, -i 9� [� Y k0 Y:�; I I� ' _ � 51 . ' �' 3� �'�' - - � _ ._.,. �m. -�,. , WESTLAKE ACADEMY COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL GOVERNMENTAL FUNDS For the Year Ending August 31, 2021 Adopted Amended Proposed Variance Audited Audited Audited Audited Budget Budget Budget Amended to FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Adopted REVENUES Local Revenues $ 1,618,064 $ 1,896,101 $ 1,845,003 $ 1,903,725 $ 1,819,061 $ 1,751,169 $ 1,496,635 $ (254,534) State Program Revenues 6,545,178 6,603,358 7,217,383 7,415,237 8,277,372 8,120,959 8,302,843 181,884 Federal Program Revenues 98,564 140,152 114,797 110,248 111,772 113,670 115,421 1,751 8,261,806 8,639,611 9,177,183 9,429,210 10,208,205 9,985,798 9,914,899 (70,899) EXPENDITURES(BY FUNCTION) 11 - Instructional 5,760,357 5,034,101 5,311,083 5,143,333 5,548,843 6,050,546 5,494,185 (556,361) 12 - Resources & Media 77,692 81,227 86,094 91,002 96,371 96,371 95,802 (569) 13 -Staff Development 184,198 128,717 109,486 114,011 122,545 96,791 89,045 (7,746) 21 - Instructional Leadership 210,591 266,090 153,295 158,531 182,919 182,919 191,240 8,321 23 -School Leadership 885,787 898,643 896,686 958,343 1,033,836 1,030,974 1,120,595 89,621 31 -Guidance & Counseling 248,153 267,033 311,250 483,711 568,295 572,007 604,282 32,275 33 - Health Services 62,328 67,489 72,233 73,078 75,686 79,686 82,673 2,987 36 - Extra-/Co-Curricular Activities 179,779 338,817 326,519 387,039 452,323 428,410 374,547 (53,863) 41 -General Administration 372,986 307,304 324,975 214,198 253,649 254,623 241,995 (12,628) 51 - Maintenance & Operations 895,334 886,943 939,649 993,042 970,081 974,136 983,676 9,540 52-Security& Monitoring Services - - - 35,753 37,000 40,295 26,800 (13,495) 53 - Data Processing 164,330 173,352 192,034 212,117 228,360 228,360 221,565 (6,795) 61 -Community Services 118,429 126,614 130,862 132,555 142,862 142,862 142,471 (391) 71 - Debt Service 91,092 256,795 167,067 166,005 350,005 207,922 207,922 - Total Expenditures 9,251,056 8,833,125 9,021,233 9,162,718 10,062,774 10,385,902 9,876,798 (509,104) Excess (Deficiency) of Revenues Over (Under) Expenditures (989,250) (193,514) 155,950 266,492 145,431 (400,104) 38,101 438,205 OTHER FINANCING SOURCES (USES) 79- Capital Lease Proceeds 474,300 585,623 (585,623) 79- Other Resources - - 85,000 90,000 90,000 90,000 140,000 50,000 89-Other Uses - (37,090) (85,000) (90,000) (90,000) (90,000) (140,000) (50,000) Total Other Financing Sources (Uses) - (37,090) - - - 585,623 - (585,623) NET CHANGES IN FUND BALANCE (989,250) (230,604) 155,950 266,492 145,431 185,519 38,101 (147,418) FUND BALANCE, BEGINNING 1,673,712 1,158,762 965,248 1,121,198 1,387,690 1,387,690 1,573,209 185,519 FUND BALANCE, ENDING 684,462 928,158 1,121,198 1,387,690 1,533,121 1,573,209 1,611,310 38,101 Assigned - Bus Maintenance - - (24,090) (24,090) (19,000) (19,000) (19,000) - Assigned -Tech/FF&E Replacemt (125,000) - - - - (54,000) (54,000) - Assigned - Uniforms/Equip Rep (5,000) (5,000) (15,000) (15,000) (15,000) (15,000) (15,000) - FUND BALANCE, UNASSIGNED $ 814,462 $ 933,158 $ 1,160,288 $ 1,426,780 $ 1,567,121 $ 1,661,209 $ 1,699,310 $ 38,101 52 WESTLAKE ACADEMY COMBINING REVENUES AND EXPENDITURES ALL GOVERNMENTAL FUNDS For the Year Ending August 31, 2021 TOTAL REVENUES Adopted Amended Proposed Variance Audited Audited Audited Audited Budget Budget Budget Amended to FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed General Fund $ 7,868,978 $ 8,218,417 $ 8,648,202 $ 8,949,340 $ 9,717,933 $ 9,615,938 $ 9,431,978 $ (183,960) Special Revenue Funds 392,828 421,194 528,981 479,870 490,272 369,860 482,921 113,061 Total Governmental Funds $ 8,261,806 $ 8,639,611 $ 9,177,183 $ 9,429,210 $ 10,208,205 $ 9,985,798 $ 9,914,899 $ (70,899) TOTAL EXPENDITURES Adopted Amended Proposed Variance Audited Audited Audited Audited Budget Budget Budget Amended to FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed General Fund $ 8,754,399 $ 8,387,272 $ 8,481,868 $ 8,681,108 $ 9,572,502 $ 10,016,042 $ 9,393,877 $ (622,165) Special Revenue Funds 496,657 445,853 539,365 481,610 490,272 369,860 482,921 113,061 Total Governmental Funds $ 9,251,056 $ 8,833,125 $ 9,021,233 $ 9,162,718 $ 10,062,774 $ 10,385,902 $ 9,876,798 $ (509,104) EXPENDITURES BY OBJECT CODE Adopted Amended Proposed Variance Audited Audited Audited Audited Budget Budget Budget Amended to FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed 61XX- Payroll & Related Items $ 6,335,239 $ 6,532,614 $ 6,593,118 $ 6,849,576 $ 7,692,417 $ 7,671,888 $ 7,767,860 $ 95,972 62XX-Contracted Services 1,147,193 1,035,579 1,126,098 1,083,571 955,360 944,246 961,308 17,062 63XX-Supplies & Materials 1,105,162 356,494 589,490 513,260 502,830 1,032,704 437,691 (595,013) 64XX-Other Operating 572,370 651,643 545,459 550,306 562,162 529,142 502,017 (27,125) 65XX- Debt Service 91,092 256,795 167,067 166,005 350,005 207,922 207,922 - Total Expenditures $ 9,251,056 $ 8,833,125 $ 9,021,233 $ 9,162,718 $ 10,062,774 $ 10,385,902 $ 9,876,798 $ (509,104) PROPOSED EXPENDITURES BY O BJ ECT 62XX Contracted Services .A 12% 61XX Payroll&Related Items - 74% �'��. 63XX Supplies&Materials 7% 64XX- - Other Operating 5% 65XX Debt Service 2% 53 WESTLAKE ACADEMY COMBINED REVENUE AND EXPENDITURES ALL GOVERNMENTAL FUNDS For the Year Ending August 31, 2021 Adopted Amended Proposed Audited Audited Audited Audited Audited Audited Budget Budget Budget FY 11/12 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 REVENUE SUMMARY Local Revenues $ 1,237,004 $ 2,190,629 $ 1,618,064 $ 1,896,101 $ 1,845,003 $ 1,903,725 $ 1,819,061 $ 1,751,169 $ 1,496,635 State Program Revenues 4,362,921 6,181,480 6,545,178 6,603,358 7,217,383 7,415,237 8,277,372 8,120,959 8,302,843 Federal Program Revenues 152,351 162,270 98,564 140,152 114,797 110,248 111,772 113,670 115,421 Total Revenues $ 5,752,276 $ 8,534,379 $ 8,261,806 $ 8,639,611 $ 9,177,183 $ 9,429,210 $ 10,208,205 $ 9,985,798 $ 9,914,899 Adopted Amended Proposed Audited Audited Audited Audited Audited Audited Budget Budget Budget EXPENDITURES(BY FUNCTION) FY 11/12 FY 14/15 FY 15/16 FY 16/17 FY 16/17 FY 18/19 FY 19/20 FY 19/20 FY 20/21 11 - Instructional $ 3,170,372 $ 4,716,639 $ 5,760,357 $ 5,034,101 $ 5,311,083 $ 5,143,333 $ 5,548,843 $ 6,050,546 $ 5,494,185 12 - Resources & Media 89,129 67,933 77,692 81,227 86,094 91,002 96,371 96,371 95,802 13 -Staff Development 74,656 222,521 184,198 128,717 109,486 114,011 122,545 96,791 89,045 21 - Instructional Leadership 135,962 248,087 210,591 266,090 153,295 158,531 182,919 182,919 191,240 23 -School Leadership 347,515 712,023 885,787 898,643 896,686 958,343 1,033,836 1,030,974 1,120,595 31 -Guidance & Counseling 232,419 255,286 248,153 267,033 311,250 483,711 568,295 572,007 604,282 33 - Health Services 60,917 64,285 62,328 67,489 72,233 73,078 75,686 79,686 82,673 36 - Extra-/Co-Curricular Activities 131,972 142,799 179,779 338,817 326,519 387,039 452,323 428,410 374,547 41 -General Administration 675,763 351,087 372,986 307,304 324,975 214,198 253,649 254,623 241,995 51 - Maintenance & Operations 596,913 865,719 895,334 886,943 939,649 993,042 970,081 974,136 983,676 52- Security& Monitoring Services - - - - 35,753 37,000 40,295 26,800 53 - Data Processing 173,587 100,757 164,330 173,352 192,034 212,117 228,360 228,360 221,565 61 -Community Services 76,880 111,620 118,429 126,614 130,862 132,555 142,862 142,862 142,471 71 - Debt Service - 89,949 91,092 256,795 167,067 166,005 350,005 207,922 207,922 Total Expenditures $ 5,793,561 $ 7,948,705 $ 9,251,056 $ 8,833,125 $ 9,021,233 $ 9,162,718 $ 10,062,774 $ 10,385,902 $ 9,876,798 ;+i�, Local Revenues State 19.4% Program Revenues 79.5% _�� Federal Program Reven s 1. � 54 GENERAL FUND FINANCIAL SUMMARY The General Fund is a governmental fund with budgetary control which is used to show transactions resulting from operations of on-going organizations and activities from a variety of revenue sources. BUDGET SUMMARY Amended Proposed $Increase %Increase FY 2019/20 FY 2020/21 (Decrease) (Decrease) Total Revenues $ 9,615,938 $ 9,431,978 $ (183,960) -1.91% Total Expenditures 10,016,042 9,393,877 (622,165) -6.21% Other Resources 675,623 140,000 (535,623) -79.28% Other Uses (90,000) (140,000) (50,000) 55.56% Excess Revenues Over(Under)Expenditures 185,519 38,101 (147,418 -79.46% FUND BALANCE BEGINNING 1,373,837 1,559,356 185,519 13.50% FUND BALANCE ENDING 1,559,356 1,597,457 38,101 2.44% Assigned 88,000 88,000 0 0.00% FUND BALANCE ENDING(Unassigned) $ 1,471,356 $ 1,509,457 $ 38,101 2.58% #Days Operating(Based on 365) 54 59 5 9.25% GENERAL FUND REVENUES Amended Proposed $Increase %Increase Revenue FY 2019/20 FY 2020/21 (Decrease) (Decrease) Percent Local Revenues $ 1,507,081 $ 1,279,135 $ (227,946) -15.12% 14% State Program Revenues 8,108,857 8,152,843 43,986 0.54% 86% TOTAL REVENUES $ 9,615,938 $ 9,431,978 $ (183,960) -1.91% 100% General Fund Revenue ���,� - Total Local Revenues Total State 14% Revenues 86% \� - 56 GENERAL FUND FINANCIAL SUMMARY STATE FUNDING REVENUES With the upcoming legislative session, public school funding is expected to be a topic of discussion given the shortfall in state revenue due to the COVID-19 public health crisis. Currently, state funding for FY 2020/21 is expected to be stable based on the Texas Education Agency funding template and past attendance rates. Any directives or other information from the state will provided to the Board of Trustees throughout the year. In order to maintain the its high level of service delivery,the Academy is dependent upon private donations for operating costs and the shared services model support from Town of Westlake. Funding ongoing operating costs with one-time dollars raised through private donations places the Academy in a potentially tenuous situation. If private donations do not meet the levels necessary to offset expenditures,the Town of Westlake must increase financial support or consider reducing the associated service levels. GENERAL FUND EXPENDITURES Amended Proposed $Increase %Increase Expenditure Expenditures(by Object Code) FY 2019/20 FY 2020/21 (Decrease) (Decrease) Percent 61XX-Salaries $ 7,409,904 $ 7,425,791 $ 15,887 0.21% 79% 62XX-Contracted Services 922,401 932,785 10,384 1.13% 10% 63XX-Supplies& Materials 974,790 362,074 (612,716) -62.86% 4% 64XX-Other Operating Costs 501,025 465,305 (35,720) -7.13% 5% 65XX-Debt Service 207,922 207,922 0 0.00% 2% TOTAL EXPENDITURES $ 8,775,132 $ 9,572,502 $ 797,370 9.09% 100% 62XX Contracted Services Expenditures 10� ..� , by ��� 63XX Supplies& Materials Object / � 4, Code 61XX Payroll&Related Items 64XX- �g�o �Other Operating 5% 65XX �Debt Service 2% 57 WESTLAKE ACADEMY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND - 199 For the Year Ending August 31, 2021 Adopted Amended Proposed Variance Audited Audited Audited Audited Audited Budget Budget Budget Amended to FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed REVENUES Local Revenues $ 1,521,693 $ 1,339,130 $ 1,530,437 $ 1,455,691 $ 1,500,773 $ 1,476,961 $ 1,393,481 $ 1,165,535 $ (227,946) State Program Revenues 6,139,829 6,407,744 6,590,485 7,075,983 7,302,602 8,127,372 8,108,857 8,152,843 43,986 Total Revenues 7,661,522 7,746,874 8,120,922 8,531,674 8,803,375 9,604,333 9,502,338 9,318,378 (183,960) EXPENDITURES(BY FUNCTION) 11 - Instructional 4,315,487 5,355,712 4,748,066 4,923,738 4,838,971 5,267,059 5,842,824 5,141,964 (700,860) 12 - Resources & Media 67,933 73,983 81,227 86,094 90,039 96,371 96,371 95,802 (569) 13 -Staff Development 165,308 147,559 86,871 83,902 92,192 83,545 83,545 64,045 (19,500) 21 - Instructional Leadership 212,942 210,591 266,090 153,295 154,969 182,919 182,919 191,240 8,321 23 -School Leadership 620,382 860,150 875,439 888,589 948,814 1,030,836 1,030,836 1,117,395 86,559 31 -Guidance & Counseling 255,193 248,153 267,033 311,250 479,388 568,295 566,954 604,282 37,328 33 - Health Services 64,285 62,328 67,489 72,233 71,810 75,686 79,686 82,673 2,987 36 -Co-/Extra Curricular Activities 8,075 27,665 19,007 25,414 33,842 30,906 24,942 13,149 (11,793) 41 -Administrative 344,087 372,961 307,304 324,975 211,992 253,649 253,649 241,995 (11,654) 51 - Maintenance & Operations 865,719 895,334 886,943 931,623 990,511 970,081 970,081 983,676 13,595 52 -Security& Monitoring Services - - - - 35,753 37,000 37,000 26,800 (10,200) 53 - Data Processing 100,757 164,330 173,352 192,034 210,088 228,360 228,360 221,565 (6,795) 61 - Community Services 111,620 118,429 126,614 130,862 130,014 142,862 142,862 142,471 (391) 71 - Debt Service 89,949 91,092 256,795 167,067 166,005 350,005 207,922 207,922 - Total Expenditures 7,221,737 8,628,287 8,162,230 8,291,076 8,454,388 9,317,573 9,747,951 9,134,979 (612,972) Excess (Deficiency) of Revenues Over (Under) Expenditures 439,785 (881,413) (41,308) 240,598 348,987 286,760 (245,613) 183,399 429,012 OTHER FINANCING SOURCES (USES) 79- Capital Lease Proceeds - 474,300 - - - - 585,623 - (585,623) 79-Transfers In 16,740 - - - - - - - - 89-Transfer Out (Use) (45,000) - (60,000) (85,000) (90,000) (90,000) (90,000) (140,000) (50,000) Total Other Financing Sources (Uses) (28,260) 474,300 (60,000) (85,000) (90,000) (90,000) 495,623 (140,000) (635,623) NET CHANGES IN FUND BALANCE 411,525 (407,113) (101,308) 155,598 258,987 196,760 250,010 43,399 (206,611) FUND BALANCE, BEGINNING 913,116 1,324,641 917,528 816,220 971,818 1,230,805 1,230,805 1,480,815 250,010 FUND BALANCE, ENDING 1,324,641 917,528 816,220 971,818 1,230,805 1,427,565 1,480,815 1,524,214 43,399 Less Assigned -Technology/FF&E - (125,000) - - - - (54,000) (54,000) - ENDING FUND BALANCE (UNASSIGNED) $ 1,324,641 $ 792,528 $ 816,220 $ 971,818 $ 1,230,805 $ 1,427,565 $ 1,426,815 $ 1,470,214 $ 43,399 61 WESTLAKE ACADEMY COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND For the Year Ending August 31, 2021 Variance Audited Audited Audited Audited Audited Adopted Amended Proposed Amended to FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed REVENUES Local Revenues $ 1,664,363 $ 1,459,838 $ 1,626,401 $ 1,571,182 $ 1,645,153 $ 1,590,561 $ 1,507,081 $ 1,279,135 $ (227,946) State Program Revenues 6,141,189 6,409,140 6,592,016 7,077,020 7,304,187 8,127,372 8,108,857 8,152,843 43,986 Total Revenues 7,805,552 7,868,978 8,218,417 8,648,202 8,949,340 9,717,933 9,615,938 9,431,978 (183,960) EXPENDITURES(BY FUNCTION) 11 - Instructional 4,343,503 5,369,348 4,749,555 4,924,708 4,843,246 5,273,571 5,842,824 5,141,964 (700,860) 12 - Resources & Media 67,933 73,983 81,227 86,094 90,039 96,371 96,371 95,802 (569) 13 -Staff Development 165,308 147,559 86,871 83,902 92,192 83,545 83,545 64,045 (19,500) 21 - Instructional Leadership 212,942 210,591 266,090 153,295 154,969 182,919 182,919 191,240 8,321 23 -School Leadership 620,382 860,150 875,439 888,589 948,814 1,030,836 1,030,836 1,117,395 86,559 31 -Guidance & Counseling 255,193 248,153 267,033 311,250 479,388 568,295 566,954 604,282 37,328 33 - Health Services 64,285 62,328 67,489 72,233 71,810 75,686 79,686 82,673 2,987 36 - Extra-/Co-Curricular Activities 122,974 140,141 242,560 215,236 256,287 279,323 293,033 272,047 (20,986) 41 -General Administration 344,087 372,961 307,304 324,975 211,992 253,649 253,649 241,995 (11,654) 51 - Maintenance &Operations 865,719 895,334 886,943 931,623 990,511 970,081 970,081 983,676 13,595 52 -Security and Monitoring Services - - - - 35,753 37,000 37,000 26,800 (10,200) 53 - Data Processing 100,757 164,330 173,352 192,034 210,088 228,360 228,360 221,565 (6,795) 61 -Community Services 111,620 118,429 126,614 130,862 130,014 142,862 142,862 142,471 (391) 71 - Debt Service 89,949 91,092 256,795 167,067 166,005 350,005 207,922 207,922 - Total Expenditures 7,364,652 8,754,399 8,387,272 8,481,868 8,681,108 9,572,502 10,016,042 9,393,877 (622,165) Excess (Deficiency) of Revenues Over (Under) Expenditures 440,900 (885,421) (168,855) 166,334 268,232 145,431 (400,104) 38,101 438,205 OTHER FINANCING SOURCES(USES) 79-Capital Lease Proceeds - 474,300 - - - - 585,623 - (585,623) 79-Other Resources 61,740 - 97,090 85,000 90,000 90,000 90,000 140,000 50,000 89-Other Uses (45,000) - (60,000) (85,000) (90,000) (90,000) (90,000) (140,000) (50,000) Total Other Financing Sources (Uses) 16,740 474,300 37,090 - - - 585,623 - (585,623) NET CHANGES IN FUND BALANCE 457,640 (411,121) (131,765) 166,334 268,232 145,431 185,519 38,101 (147,418) FUND BALANCE, BEGINNING 1,024,517 1,482,157 1,071,036 939,271 1,105,605 1,373,837 1,373,837 1,559,356 185,519 FUND BALANCE, ENDING 1,482,157 1,071,036 939,271 1,105,605 1,373,837 1,519,268 1,559,356 1,597,457 38,101 Less Assigned - Bus Maintenance - - - (24,090) (24,090) (19,000) (19,000) (19,000) - Less Assigned -Tech/FF&E Rplc - (125,000) - - - - (54,000) (54,000) - Less Assigned - Uniforms/Eqpt Rplc - (5,000) (5,000) (15,000) (15,000) (15,000) (15,000) (15,000) - FUND BALANCE, UNASSIGNED $ 1,482,157 $ 941,036 $ 934,271 $ 1,066,515 $ 1,334,747 $ 1,485,268 $ 1,471,356 $ 1,509,457 $ 38,101 62 WESTLAKE ACADEMY COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND For the Year Ending August 31, 2021 REVENUE & EXPENDITURE COMPARISON (in millions) iz io s ------ �---------- 6 4 2 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Audited Audited Audited Audited Audited Adopted Amended Proposed Total Revenues Total Expenditures PROPOSED EXPENDITURES (by function) 11 - Instructional 12 - Resources & Media 23 -School Leadership ■ 13 -Staff Development 12� � ■ 21 - Instructional Leadership 11 - Instructional 55% ■ 23 - School Leadership 31 -Guidance &... ■ 31 - Guidance & Counseling _--=� �' � 33 - Health Services 51 - Maintenance & 36 - Extra-/Co-Curricular Activities Operations 41 -General Administration 10% i 51 - Maintenance & Operations � 52 -Security and Monitoring Services ■ 53 - Data Processing 61 - Community Services 71 - Debt Service 63 WESTLAKE ACADEMY SCHEDULE OF EXPENDITURES BY FUNCTION & OBJECT CODE GENERAL FUND For the Year Ending August 31, 2021 Adopted Amended Proposed Variance Audited Audited Audited Audited Audited Budget Budget Budget Amended to EXPENDITURES FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed 11 Instructional 6100 Payroll $ 3,915,926 $ 4,445,106 $ 4,410,145 $ 4,543,718 $ 4,457,889 $ 4,931,753 $ 4,918,043 $ 4,856,126 $ (61,917) 6200 Contracted Services 107,213 69,223 65,785 96,437 98,605 63,055 62,896 40,976 (21,920) 6300 Supplies & Materials 252,965 745,919 132,636 125,712 145,074 150,673 734,796 127,173 (607,623) 6400 Other Operating 67,399 109,100 140,989 158,841 141,678 128,089 127,089 117,689 (9,400) Totallnstructional 4,343,503 5,369,348 4,749,555 4,924,708 4,843,246 5,273,570 5,842,824 5,141,964 (700,860) 12 Resource & Media 6100 Payroll 56,186 68,030 73,302 75,668 77,496 82,245 82,245 81,676 (569) 6200 Contracted Services 2,650 - - - 149 1,100 1,100 1,100 - 6300 Supplies & Materials 7,057 5,774 6,241 9,476 8,464 10,926 10,926 10,926 - 6400 Other Operating 2,040 179 1,684 950 3,930 2,100 2,100 2,100 - Total Resource& Media 67,933 73,983 81,227 86,094 90,039 96,371 96,371 95,802 (569) 13 Staff Development 6100 Payroll 2,522 - - - - - - - - 6200 Contracted Services 14,320 21,998 - - - - - - - 6300 Supplies & Materials 762 7,224 339 40 1,614 400 400 400 - 6400 Other Operating 147,704 118,337 86,532 83,862 90,578 83,145 83,145 63,645 (19,500) Total Staff Development 165,308 147,559 86,871 83,902 92,192 83,545 83,545 64,045 (19,500) 21 Instructional Leadership 6100 Payroll 202,096 199,183 259,259 147,671 149,783 173,019 173,019 181,340 8,321 6200 Contracted Services 3,200 - - - - - - - - 6300 Supplies & Materials 2,092 4,606 46 - - - - - - 6400 Other Operating 5,554 6,802 6,785 5,624 5,186 9,900 9,900 9,900 - Total Instructional Leadership 212,942 210,591 266,090 153,295 154,969 182,919 182,919 191,240 8,321 23 School Leadership 6100 Payroll 599,702 810,668 845,228 858,666 901,712 979,359 979,359 1,081,618 102,259 6200 Contracted Services 150 - - - 2,178 9,900 9,900 - (9,900) 6300 Supplies & Materials 4,330 18,689 597 2,488 4,501 4,426 4,426 4,426 - 6400 Other Operating 16,200 30,793 29,614 27,435 40,423 37,151 37,151 31,351 (5,800) Total School Leadership 620,382 860,150 875,439 888,589 948,814 1,030,836 1,030,836 1,117,395 86,559 31 Guidance&Counseling 6100 Payroll 137,129 160,308 202,138 257,769 414,185 520,995 518,313 555,641 37,328 6200 Contracted Services 110,079 73,358 53,741 42,322 52,583 29,490 28,331 28,331 - 6300 Supplies & Materials 5,258 9,076 4,113 3,587 3,278 5,700 5,700 5,700 - 6400 Other Operating 2,727 5,411 7,041 7,572 9,342 12,110 14,610 14,610 - Total Guidance&Counseling 255,193 248,153 267,033 311,250 479,388 568,295 566,954 604,282 37,328 33 Health Services 6100 Payroll 62,653 59,536 64,487 70,486 70,167 73,186 73,186 76,173 2,987 6200 Contracted Services 520 520 145 243 145 1,000 5,000 5,000 - 6300 Supplies & Materials 1,112 2,272 2,857 1,504 1,498 1,500 1,500 1,500 - 6400 Other Operating - - - - - - - - - Total Health Services 64,285 62,328 67,489 72,233 71,810 75,686 79,686 82,673 2,987 36 Co-/Extra Curricular Activities 6100 Payroll 54,382 64,626 82,245 85,474 140,587 142,977 156,687 144,576 (12,111) 6200 Contracted Services 19,370 26,428 28,379 30,700 31,179 35,110 35,110 35,110 - 6300 Supplies & Materials 28,743 21,743 44,474 21,920 39,809 47,918 47,918 39,825 (8,093) 6400 Other Operating 20,479 27,344 87,462 77,142 44,712 53,318 53,318 52,536 (782) Total CoCurricular Activities 122,974 140,141 242,560 215,236 256,287 279,323 293,033 272,047 (20,986) 69 WESTLAKE ACADEMY SCHEDULE OF EXPENDITURES BY FUNCTION & OBJECT CODE GENERAL FUND For the Year Ending August 31, 2021 Adopted Amended Proposed Variance Audited Audited Audited Audited Audited Budget Budget Budget Amended to EXPENDITURES FY 13/14 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed 41 Administrative 6100 Payroll 93,706 38,554 39,924 39,480 20,647 22,056 22,096 - (22,096) 6200 Contracted Services 168,012 247,576 190,208 213,250 97,246 129,330 134,060 145,264 11,204 6300 Supplies & Materials 19,413 16,150 21,970 21,818 28,154 31,073 27,511 27,511 - 6400 Other Operating 62,956 70,681 55,202 50,427 65,945 71,190 69,982 69,220 (762) Total Administrative 344,087 372,961 307,304 324,975 211,992 253,649 253,649 241,995 (11,654) 51 Maintenance&Operations 6100 Payroll 99,798 100,192 109,985 103,367 112,015 189,434 189,434 155,305 (34,129) 6200 Contracted Services 619,660 664,518 655,474 696,653 722,555 604,204 604,204 645,404 41,200 6300 Supplies & Materials 55,623 50,201 43,331 62,868 60,852 84,713 84,713 87,713 3,000 6400 Other Operating 90,638 80,423 78,153 68,735 95,089 91,730 91,730 95,254 3,524 Total Maintenance&Operations 865,719 895,334 886,943 931,623 990,511 970,081 970,081 983,676 13,595 52 Security& Monitoring Services 6100 Payroll - - - - - - - - - 6200 Contracted Services - - - - 33,838 30,000 28,200 18,000 (10,200) 6300 Supplies & Materials - - - - 1,915 7,000 7,000 7,000 - 6400 Other Operating - - - - - - 1,800 1,800 - Total Security& Monitoring Services - - - - 35,753 37,000 37,000 26,800 (10,200) 53 Data Processing 6100 Payroll 73,492 124,899 130,931 136,199 141,672 154,660 154,660 150,865 (3,795) 6200 Contracted Services 11,153 8,639 8,306 13,697 8,971 13,700 13,600 13,600 - 6300 Supplies & Materials 14,926 24,994 32,778 36,960 55,349 49,900 49,900 49,900 - 6400 Other Operating 1,186 5,798 1,337 5,178 4,096 10,100 10,200 7,200 (3,000) Total Data Processing 100,757 164,330 173,352 192,034 210,088 228,360 228,360 221,565 (6,795) 61 Community Services 6100 Payroll 111,620 118,429 126,614 130,862 130,014 142,862 142,862 142,471 (391) Total Community Service 111,620 118,429 126,614 130,862 130,014 142,862 142,862 142,471 (391) 71 Debt Service 6500 Debt Service 89,949 91,092 256,795 167,067 166,005 350,005 207,922 207,922 - Total Debt Service 89,949 91,092 256,795 167,067 166,005 350,005 207,922 207,922 - Total Expenditure $ 7,364,652 $ 8,754,399 $ 8,387,272 $ 8,481,868 $ 8,681,108 $ 9,572,502 $ 10,016,042 9,393,877 $ (622,165) �o WESTLAKE ACADEMY SCHEDULE OF EXPENDITURES BY FUNCTION & OBJECT CODE GENERAL FUND For the Year Ending August 31, 2021 Adopted Amended Proposed Variance Audited Audited Audited Audited Audited Budget Budget Budget Amended to FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed EXPENDITURES BY OBJECT CODE 61XX- Payroll & Related Items $ 5,409,212 $ 6,189,531 $ 6,344,258 $ 6,449,360 $ 6,616,167 $ 7,412,546 $ 7,409,904 $ 7,425,791 $ 15,887 62XX-Contracted Services 1,056,327 1,112,260 1,002,038 1,093,302 1,047,449 916,889 922,401 932,785 10,384 63XX-Supplies & Materials 392,281 906,648 289,382 286,373 350,508 394,229 974,790 362,074 (612,716) 64XX-Other Operating 416,883 454,868 494,799 485,766 500,979 498,833 501,025 465,305 (35,720) 65XX- Debt Service 89,949 91,092 256,795 167,067 166,005 350,005 207,922 207,922 - Total Expenditures $ 7,364,652 $ 8,754,399 $ 8,387,272 $ 8,481,868 $ 8,681,108 $ 9,572,502 $ 10,016,042 9,393,877 $ (622,165) EXPENDITURES BY OBJECT CODE 62XX-Contracted Services 10% 63XX-Supplies&Materials _ 4% --� i i. � 64XX-Other Operating 5% i i� �� i , �,65XX-Debt Service 2% �� i ii }yr i ,; �� 61XX-Payroll&Related Items 79% 71 WESTLAKE ACADEMY REVENUE AND EXPENDITURE COMPARISON GENERAL FUND Fiscal Years 03/04 through 20/21 Fiscal Year Revenues incr % Expenditures incr % Net Change FY 03/04 Audited $ 1,094,608 $ 1,068,857 $ 25,751 FY 04/05 Audited 1,831,898 67.4% 1,612,198 50.8% 219,700 FY 05/06 Audited 2,407,526 31.4% 2,211,897 37.2% 195,629 FY 06/07 Audited 2,879,531 19.6% 2,615,511 18.2% 264,020 FY 07/08 Audited 3,168,968 10.1% 3,226,254 23.4% (57,286) FY 08/09 Audited 3,661,645 15.5% 3,709,086 15.0% (47,441) FY 09/10 Audited 4,280,723 16.9% 3,917,886 5.6% 362,837 FY 10/11 Audited 4,608,573 7.7% 4,518,107 15.3% 90,466 FY 11/12 Audited 5,244,170 13.8% 5,287,757 17.0% (43,587) FY 12/13 Audited 5,640,934 7.6% 5,496,181 3.9% 144,753 FY 13/14 Audited 6,874,150 21.9% 6,808,873 23.9% 65,277 FY 14/15 Audited 7,867,292 14.4% 7,409,652 8.8% 457,640 FY 15/16 Audited 8,343,278 6.1% 8,754,399 18.1% (411,121) FY 16/17 Audited 8,315,507 -0.3% 8,447,272 -3.5% (131,765) FY 17/18 Audited 8,733,202 5.0% 8,566,868 1.4% 166,334 FY 18/19 Audited 9,039,340 3.5% 8,771,108 2.4% 268,232 FY 19/20 Amended 10,291,561 13.9% 10,106,042 15.2% 185,519 FY 20/21 Proposed 9,571,978 -7.0% 9,533,877 -5.7% 38,101 S12 Revenue & Expenditure N �, Comparison � � � � � m � � s10 (in millions) � M o � �. � � � � � �; � � � M �. M � � � � � � � � � � � � � � $s � � z o � � o � � JC �� j/} G � O � � � � $6 N N �/T � �1j � i/} � N '�/} t/� W � N N � � � � � � i/} � � M M t/} �4 {� � $2 $0 FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 20/21 Amended Proposed Revenues Expenditures 65 WESTLAKE ACADEMY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE TRANSPORTATION/PARKING FUND - 197 For the Year Ending August 31, 2021 Adopted Amended Proposed Variance Audited Audited Audited Audited Audited Budget Budget Budget Amended to FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed REVENUES Local Revenues $ 53,417 $ 22,768 $ 17,097 $ 32,889 $ 40,002 $ 25,500 $ 25,500 $ 25,500 $ - State Revenues - - - - 18 - - - - Total Revenues 53,417 22,768 17,097 32,889 40,020 25,500 25,500 25,500 - EXPENDITURES(BY FUNCTION) 11 - Instructional 28,016 13,597 1,489 970 4,275 6,512 - - - 36 -Co-/Extra Curricular Activities 14,876 13,055 18,556 61,063 31,843 31,200 46,738 45,545 (1,193) Total Expenditures 42,892 26,652 20,045 62,033 36,118 37,712 46,738 45,545 (1,193) Excess (Deficiency) of Revenues Over ( � � � � � � � � � � � 10,525 3,884 2,948 29,144 3,902 12,212 21,238 20,045 1,193 (Under) Expenditures OTHER FINANCING SOURCES(USES) 79 -Other Resources - - 37,090 25,000 - - - - - 89 -Other Uses - - - - - - - - - Total Other Financing Sources (Uses) - - 37,090 25,000 - - - - - NET CHANGES IN FUND BALANCE 10,525 (3,884) 34,142 (4,144) 3,902 (12,212) (21,238) (20,045) 1,193 FUND BALANCE, BEGINNING 51,823 62,348 58,464 92,606 88,462 92,364 92,364 71,126 (21,238) FUND BALANCE, ENDING 62,348 58,464 92,606 88,462 92,364 80,152 71,126 51,081 (20,045) Less Assigned - Bus Maintenance - - - (24,090) (24,090) (19,000) (19,000) (19,000) - Less Assigned - Parking - - - - - - - - - ENDING FUND BALANCE (UNASSIGNED) $ 62,348 $ 58,464 $ 92,606 $ 64,372 $ 68,274 $ 61,152 $ 52,126 $ 32,081 $ (20,045) �`kl � � fi� � � _��,.:{4�;�...��" , �,w��.?.�':��`-";�:` • - � a '� '} �� �., '. . - �. ; ,,;;. .- _ - - ; _ 1, - - :�� r'��• . _ - 4-�;�a - - - •-- -� -^�-•�--� _ -: :- ,� --- --�= i - � . � , .a r I � _ _ __:,J� •_ '� _ � � � � � 1dESTLA�£ A��,DEMY �l-- � �£ ��u r � i _ + - _ _��� � --- - � 59 WESTLAKE ACADEMY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ATHLETIC ACTIVITIES FUND - 198 For the Year Ending August 31, 2021 Adopted Amended Proposed Variance Audited Audited Audited Audited Audited Budget Budget Budget Amended to FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed REVENUES Local Revenues $ 89,253 $ 97,940 $ 78,867 $ 82,602 $ 104,378 $ 88,100 $ 88,100 $ 88,100 $ - State Revenue 1,360 1,396 1,531 1,037 1,567 - - - - Total Revenues 90,613 99,336 80,398 83,639 105,945 88,100 88,100 88,100 - EXPENDITURES(BY FUNCTION) 11 - Instructional - 39 - - - - - - - 36 -Co-/Extra Curricular Activities 100,023 99,421 204,997 128,759 190,602 217,217 221,353 213,353 (8,000) Total Expenditures 100,023 99,460 204,997 128,759 190,602 217,217 221,353 213,353 (8,000) Excess (Deficiency) of Revenues Over (Under) Expenditures (9,410) (124) (124,599) (45,120) (84,657) (129,117) (133,253) (125,253) 8,000 OTHER FINANCING SOURCES (USES) 79- Other Resources 45,000 - 60,000 60,000 90,000 90,000 90,000 140,000 50,000 89- Other Uses - - - - - - - - - Total Other Financing Sources (Uses) 45,000 - 60,000 60,000 90,000 90,000 90,000 140,000 50,000 NET CHANGES IN FUND BALANCE 35,590 (124) (64,599) 14,880 5,343 (39,117) (43,253) 14,747 58,000 FUND BALANCE, BEGINNING 59,578 95,168 95,044 30,445 45,325 50,668 50,668 7,415 (43,253) FUND BALANCE, ENDING 95,168 95,044 30,445 45,325 50,668 11,551 7,415 22,162 14,747 Less Assigned - Uniform/Eqpt Rplc - (5,000) (5,000) (15,000) (15,000) (15,000) (15,000) (15,000) - ENDING FUND BALANCE (UNASSIGNED) $ 95,168 $ 90,044 $ 25,445 $ 30,325 $ 35,668 $ (3,449) $ (7,585) $ 7,162 $ 14,747 I - - � � �� r � - � i r� L� �ti r � � � `, i � � . . - � I ����� i� . f� �.� � •� . , �� � .��. ��•. � �� i � 60 WESTLAKE ACADEMY COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND For the Year Ending August 31, 2021 Proposed FY 2020/2021 197 198 199 Total Transportation/ Athletic General General Parking Fund Activities Fund Fund FY 20/21 FY 20/21 FY 20/21 FY 20/21 REVENUES Local Revenues $ 25,500 $ 88,100 $ 1,165,535 $ 1,279,135 State Program Revenues - - 8,152,843 8,152,843 Total Revenues 25,500 88,100 9,318,378 9,431,978 EXPENDITURES (BY FUNCTION) 11 - Instructional - - 5,141,964 5,141,964 12 - Resources & Media - - 95,802 95,802 13 -Staff Development - - 64,045 64,045 21 - Instructional Leadership - - 191,240 191,240 23 -School Leadership - - 1,117,395 1,117,395 31 -Guidance & Counseling - - 604,282 604,282 33 - Health Services - - 82,673 82,673 36 - Extra-/Co-Curricular Activities 45,545 213,353 13,149 272,047 41 -General Administration - - 241,995 241,995 51 - Maintenance & Operations - - 983,676 983,676 52 - Security and Monitoring Services - - 26,800 26,800 53 - Data Processing - - 221,565 221,565 61 -Community Services - - 142,471 142,471 71 - Debt Service - - 207,922 207,922 Total Expenditures 45,545 213,353 9,134,979 9,393,877 Excess (Deficiency) of Revenues Over (Under) Expenditures (20,045) (125,253) 183,399 38,101 OTHER FINANCING SOURCES(USES) 79 - Other Resources - 140,000 - 140,000 89 -Other Uses - - (140,000) (140,000) Total Other Financing Sources (Uses) - 140,000 (140,000) - NET CHANGES IN FUND BALANCE (20,045) 14,747 43,399 38,101 FUND BALANCE, BEGINNING 71,126 7,415 1,480,815 1,559,357 FUND BALANCE, ENDING 51,081 22,162 1,524,214 1,597,458 Assigned - Bus Maintenance (19,000) - - (19,000) Assigned -Technology/FF&E Replacement - - (54,000) (54,000) Assigned - Uniform/Equipment Replacement - (15,000) - (15,000) ENDING FUND BALANCE (UNASSIGNED) $ 32,081 $ 7,162 $ 1,470,214 $ 1,509,458 64 WESTLAKE ACADEMY SCHEDULE OF EXPENDITURES ALL SPECIAL REVENUE FUNDS For the Year Ending August 31, 2021 Variance Audited Audited Audited Audited Audited Adopted Amended Proposed Amended to FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed Federal Grants disbursed throu�h TEA Fund 224- IDEA Part B Formula $ 87,797 $ 98,564 $ 104,937 $ 114,797 $ 110,248 $ 111,772 $ 113,670 $ 115,421 $ 1,751 Fund 226- IDEA Part B Discretionary 74,473 - - - - - - - - Fund 315 - IDEA Part B High Needs Grant - - 35,215 - - - - - - Sub-total Federal Grants 162,270 98,564 140,152 114,797 110,248 111,772 113,670 115,421 1,751 State Grants through TEA Fund 397-Texas Advanced Placement Initiative - - - - 336 - - - - Fund 410- Material Allotment Disbursment 33,588 136,038 8,223 139,098 110,654 150,000 2,071 150,000 147,929 Sub-total State Grants 33,588 136,038 8,223 139,098 110,990 150,000 2,071 150,000 147,929 Local &Community Grants Fund 461- Local Campus Activity 20,336 49,984 96,257 80,138 83,945 70,000 43,383 50,000 6,617 Fund 480- Hudson Foundation Grant - 16,946 3,458 - - - - - - Fund 481- Hudson Foundation Grant 3,673 - - - - - - - - Fund 482- Hudson Foundation Grant - - 89,448 3,437 - - - - - Fund 484- Local Grants (HOC&WAF) 53,182 73,854 87,651 192,939 172,927 150,000 198,205 165,000 (33,205) Fund 485- Hudson Fnd Leadership & Development 105,714 - - - - - - - - Fund 491-COVID-19 - - - - - - 10,030 - (10,030) Fund 493- Hudson Fnd Development &Student Programs 55,605 - - - - - - - - Fund 494-WA Foundation Science Program 18,712 9,138 - - - - - - - Fund 495-WA Foundation FAI & Giving Day 77,773 - - - - - - - - Fund 496- Hudson Fnd Student Support Programs 52,000 106,411 16,966 - - - - - - Fund 497-Student Travel Awards 1,200 2,500 2,500 2,500 2,500 2,500 2,500 2,500 - Fund 498- International Mindedness Syposium - 3,222 1,198 6,456 1,000 6,000 - - - Sub-total Local Activities 388,195 262,055 297,478 285,470 260,372 228,500 254,118 217,500 (36,618) Grant Total - Expenditures $ 584,053 $ 496,657 $ 445,853 $ 539,365 $ 481,610 $ 490,272 $ 369,859 $ 482,921 $ 113,062 NOTE: Special Revenue Funds account for local, state and federally financed programs or expenditures legally restricted for specified purposes or where unused balances are returned to the grantor at the close of a specified project period. 66 WESTLAKE ACADEMY COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS For the Year Ending August 31, 2021 Variance Audited Audited Audited Audited Audited Adopted Amended Proposed Amended to FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed REVENUES Local Program Revenues $ 526,266 $ 158,226 $ 269,700 $ 273,821 $ 258,572 $ 228,500 $ 244,088 $ 217,500 $ (26,588) State Program Revenues 40,291 136,038 11,342 140,363 111,050 150,000 12,102 150,000 137,898 Federal Program Revenues 162,270 98,564 140,152 114,797 110,248 111,772 113,670 115,421 1,751 Total Revenues 728,827 392,828 421,194 528,981 479,870 490,272 369,860 482,921 113,061 EXPENDITURES(BY FUNCTION) 11 - Instructional 373,136 391,009 284,546 386,375 300,087 275,272 207,722 352,221 144,499 12 - Resources & Media - 3,709 - - 963 - - - - 13 -Staff Development 57,213 36,639 41,846 25,584 21,819 39,000 13,246 25,000 11,754 21 - Instructional Leadership 35,145 - - - 3,562 - - - - 23 -School Leadership 91,641 25,637 23,204 8,097 9,529 3,000 138 3,200 3,062 31 -Guidance & Counseling 93 - - - 4,323 - 5,053 - (5,053) 33 - Health Services - - 1,268 - - - - 36 -CoCurricular/Extracurricular Activities 19,825 39,638 96,257 111,283 130,752 173,000 135,377 102,500 (32,877) 41 -Administrative 7,000 25 - - 2,206 - 974 - (974) 51 - Maintenance & Operations - - - 8,026 2,531 - 4,055 - (4,055) 53 - Data Processing - - - - 2,029 - 3,295 - (3,295) 61 -Community Services - - - - 2,541 - - - - Total Expenditures 584,053 496,657 445,853 539,365 481,610 490,272 369,860 482,921 113,061 Excess (Deficiency) of Revenues Over (Under) Expenditures 144,774 (103,829) (24,659) (10,384) (1,740) - - - - OTHER FINANCING SOURCES(USES) 79- Other Resources - - - - - - - - - 89- Other Uses - - (37,090) - - - - - - Total Other Financing Sources (Uses) - - (37,090) - - - - - - NET CHANGES IN FUND BALANCE 144,774 (103,829) (61,749) (10,384) (1,740) - - - - FUND BALANCE, BEGINNING 46,781 191,555 87,726 25,977 15,593 13,853 13,853 13,853 - FUND BALANCE, ENDING 191,555 87,726 25,977 15,593 13,853 13,853 13,853 13,853 - FUND BALANCE, ENDNG (Unassigned) $ 191,555 $ 87,726 $ 25,977 $ 15,593 $ 13,853 $ 13,853 $ 13,853 $ 13,853 $ - Variance Audited Audited Audited Audited Audited Adopted Amended Proposed Amended to FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 19/20 FY 20/21 Proposed EXPENDITURES BY OBJECT CODE 61XX- Payroll & Related Items $ 301,481 $ 145,708 $ 188,356 $ 143,758 $ 233,409 $ 279,871 $ 261,984 $ 342,069 $ 80,085 62XX-Contracted Services 43,063 34,933 33,541 32,796 36,122 38,471 21,845 28,523 6,678 63XX-Supplies & Materials 154,820 198,514 67,112 303,117 162,752 108,601 57,914 75,617 17,703 64XX-Other Operating 84,689 117,502 156,844 59,693 49,327 63,329 28,117 36,712 8,595 Total Expenditures $ 584,053 $ 496,657 $ 445,853 $ 539,365 $ 481,610 $ 490,272 $ 369,860 $ 482,921 $ 113,061 67 WESTLAKE ACADEMY COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS For the Year Ending August 31, 2021 WAF WAF Total IDEA-B Materials Campus Local Student Special Formula Allotment Activity Grants Travel Awards Revenue 224 410 461 484 497 Funds REVENUES Local Program Revenues $ - $ - $ 50,000 $ 165,000 $ 2,500 $ 217,500 State Program Revenues - 150,000 - - - 150,000 Federal Program Revenues 115,421 - - - - 115,421 Total Revenues 115,421 150,000 50,000 165,000 2,500 482,921 EXPENDITURES(BY FUNCTION) 11 - Instructional 115,421 150,000 - 84,300 2,500 352,221 13 -Staff Development - - - 25,000 - 25,000 21- Instructional Leadership - - - - - - 23 -School Leadership - - - 3,200 - 3,200 36 -Co-Curricular Activities - - 50,000 52,500 - 102,500 Total Expenditures 115,421 150,000 50,000 165,000 2,500 482,921 Excess (Deficiency) of Revenues Over (Under) Expenditures - - - - - - NET CHANGES IN FUND BALANCE - - - - - - FUND BALANCE, BEGINNING - - 13,853 - - 13,853 FUND BALANCE, ENDING $ - $ - $ 13,853 $ - $ - $ 13,853 68 MUNICIPAL DEBT SERVICE The Town of Westlake owns the land on which the Academy is located,and including all facilities associated with the school. The Town has issued approximately$30M in debt to construct campus facilities and is responsible for debt service payments associated with Westlake Academy's capital infrastructure. The Town's Debt Service Fund is used to manage debt service payments,and Academy debt is accounted for in the annual municipal budget. Average annual debt service payments for Academy facilities and infrastructure total approximately$1.8M and are funded primarily by municipal sales and property tax receipts. Academy related debt is approximately 60%of the Town's debt burden. However,the school is also considered the Town's primary economic development tool. FY 20/21 debt service payments related to the construction of Westlake Academy facilities include: Amount Series Fund Debt Service Type Bond Type $ 877,550 Series 2011 300 General Obligation Refunding eonds Refunding of 2002/2003 446,875 Series 2013 300 Certificates of Obligation Westlake Academy Expansion 172,463 Series 2013 301 General Obligation Refunding Bonds Refunding of 2008 69,500 Series 2014 300 General Obligation Refunding eonds Refunding of 2003 260,675 Series 2017 300 General Obligation Refunding eonds Refunding of 2007(orig 2002J $ 1,827,063 TOTAL DEBT For more information, see the Town of Westlake Municipal Budget, available online at www.westlake-tx.or�. THE TOWN OF WESTLAKE BOND RATING Standard & Poor's Ratings Services, a division ofthe , STANDARD & POOR'� McGraw-Hill Inc., increased the Town's rating from RATI N GS S E RVI CES AA+to AAA/stable during FY 2016/17, which has continued through today. Below is an excerpt from Standards and Poor's rating letter: • Very strong economy, with access to a broad and diverse metropolitan statistical area(MSAJ but a concentrated local tax base; • Strong management, with good financial policies and practices under our Financial Management Assessment methodology; • Strong budgetary performance, with operating surpluses in the general fund and at the total governmental fund level in fisca12015; • Very strong budgetary flexibility with a high available fund balance in fisca12015 of 100%of operating expenditures; • Very strong liquidity, with total government available cash at 81.7%of total governmental fund expenditures and 7.4x governmental debt service, and access to external liquidity that we consider strong; • Weak debt and contingent liability position, with debt service carrying charges at 11%of expenditures and net direct debt that is 99%of total governmental fund revenue;and • Strong institutional framework score. 58 ... . . �...- , . , „ . ° . ,, �, �,��< ,p�f; ,. ., x � a ;r�,'�'. � . �, e��.�.��.�„��� �. .� � _ �:, . . _ _ .:. Y. � ' �� .w� , _. ,�.r� .� � , °y.. , � d,,.ti,; � � ,q,rr^ , :i i, r "Y� �.r�h�� /,/, ,� d. I �j" .. . . .. . . . �. . . ��f7 1: pi�' 1. Kh.. r�'i.�l.. . �� F WES ��' ����f� ..� . / o far.i9-� �'� .,��'�,;, %� �-/�_ ;;;., , � � r O � �.�. ''!�y � � %,,�,',Y�„,1 �J' _,I�y . Aw �`„ �r'4; , � � ' � , %r'/.n��. � � � � \ �t ^\. � / � � V� �� • � �`s����,,iJ�'... �`\ � � �r�;�;:'. � �Q1� AC�' .��.;:,� . � E .,�. :.:. ,�� _�, ,,�:,�,� .�,.,: �..��,y,:;,'�s� :� - �y�; ��.��� � :��Fh��,�.� y. � �.� .��., '��"; '; �., — .� ��!'. �� � ;�� 1�f '.r.�4,�, :.���.� �'{�""'t�' ,� �; �r�Rr' 'p.ti f } '.� A �.5.:: I� { W5 '.�:, ,y.U�P{' nt ' .. a;_,+?�r �, Yrf'` �':4�� �y. ? � '�",L"�� . � �'1�J�4i� ��l . �, '.t.i';'r: ��, �,r . ,�I � ' . J! :i/4� 5'1:1� y]� ��/•r���n Iff1ih'�' ��ti . . . __. ..._. ...._ ..... ......... T�is page is intentionaLLy �bLan� 73 PERSONNEL STAFFING & PAYROLL OVERVIEW Given the funding constraints we are facing, accurate expenditure projections are more important than ever. Since salaries make up the greatest portion of the expenditure budget, it is logical to apply forecasting techniques that can provide a true picture of where payroll dollars are headed. Personnel staffing levels for Westlake Academy are presented in full-time equivalents (FTE) positions. For example, a position staffed for 40 hours per week for 52 weeks per year(2,080 hours) equals one full-time equivalent position. An FTE position of.50 refers to a position that is funded for 1,040 hours per year (2,080 x .50). The personnel count includes vacant positions. PAYROLL AND RELATED COSTS �GENERAL FUND ONLY� FY 18/19 FY 19/20 Change Change Amended Proposed Amount Percent Payroll Wages $ 5,741,919 $6,358,884 $ 616,965 10.745% Social Security/Medicare 87,970 96,658 8,688 9.876% Health Insurance 288,916 323,721 34,805 12.047% Workers' Compensation 27,600 27,654 54 0.197% TRS On-Behalf 415,563 469,279 53,716 12.926% UnemploymentTaxes 5,382 1,563 (3,819) -70.953% Retirement(TRS) 136,939 134,787 (2,152) -1.572% GRAND TOTAL $6,704,289 $7,412,546 $708,257 10.564% EMPLOYEE POSITIONS BY TYPE FY 5/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 20/21 Employee Type Actual Actual Actual Actual Actual Proposed Change Principals 4.50 4.50 4.50 4.75 4.75 5.50 0.75 Coordinators 4.50 4.50 3.50 4.25 4.58 4.38 (0.21) Primary 27.00 27.00 27.00 26.5 27.50 27.50 - Secondary 32.06 32.55 34.26 34.92 37.55 37.37 (0.17) Support 15.50 15.00 14.00 14.00 14.00 14.00 - Specialist 6.25 6.00 5.00 4.75 5.25 5.00 (0.25) WA Foundation 1.50 1.50 1.50 1.50 1.50 1.50 - Facilities 2.00 2.00 2.00 2.00 4.00 3.00 (1.00) Technology 2.00 2.00 2.00 2.00 2.00 2.00 - Total Staff 95.31 95.05 93.05 94.67 101.13 100.25 (0.88) Total Teachers 65.31 65.55 66.26 66.17 70.3 69.87 (0.43) 74 PERSONNEL STAFFING & PAYROLL OVERVIEW The following charts break down the number of employees byjob function (Instructional,Administration and Support). Employee growth has been driven by Academy expansions as the school matured into a full K-12 campus. DEFINED EMPLOYEE GROUPS BY FTE Instructional � Administration Support ioo 21.20 19.50 19.00 18.00 18.00 20.00 19.00 75 11.00 10.50 9.50 10.50 10.83 11.38 17.37 9.50 50 9•00 25 48.31 59.51 6531 65.55 66.26 66.17 70.30 69.87 0 — FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 20/21 Proposed Annual Pvsittvn Sc�mmary � - _ 101_13 �00.25 � -9�.�- 4 67 ��-` 0.21 i Fv 1af1s �r 1s/i� �r is/1� Fv 1�11s Fr ss/1� Fv 19/zo �v zo/zz � Proposed I �- — 7� r.• ��� �AT• .''f.. ���f. � � 1 I �• �� � �� I ; �f ' �r `� ��ww'_� �� �� ' � . � � �.� 4 � .;, _ 1���'.� .�1�� �►'�� _ - ._ - 4 !'m warking as a... � .�:��n� tu b� c�.. � � � . � � �r•�� , � K Hargrave, DP English/TOK at �. � , f J '/,r�r�r A Lee, grade S student �'����°. 75 PERSONNEL STAFFING & PAYROLL OVERVIEW PERSONNEL POSITION SUMMARY � � � . . . . . -. Classes Served K-12 K-12 K-12 K-12 K-12 1.00 - Executive Director 1.00 1.00 1.00 1.00 1.00 1.00 - Primary Principal 1.00 1.00 1.00 1.00 1.00 1.00 - Asst Primary Principal - - 1.00 1.00 1.00 1.00 0.50 MYP Principal 1.00 1.00 .SO .50 .50 1.00 0.63 Asst MYP Principal 1.00 1.00 - .37 .37 0.50 - Secondary (DP) Principal 0.50 0.50 .50 .SO .SO - (0.38) Asst Secondary Principal - - 0.50 .38 .38 1.00 - Principal Staffing 4.50 4.50 4.50 4.75 4.75 5.50 0.75 DP Coordinator 0.50 0.50 0.50 0.50 0.50 0.50 - MYP Academic Dean 1.00 1.00 - - - - - MYP Coordinator 1.00 1.00 0.50 0.50 0.50 0.50 - PYP Coordinator 1.00 1.00 1.00 1.00 1.00 1.00 - CTE Coordinator 0.50 - 0.50 0.25 0.33 0.38 0.05 Student Services Coordinator 1.00 1.00 0.50 0.25 0.50 0.50 - Compliance Coordinator - - - 0.25 0.25 - (0.25) Athletic Director - - 0.50 0.50 0.50 0.50 - Alumni/Communications - - - 1.00 1.00 1.00 - Specialist Coordinator Staffing 5.00 4.50 3.50 4.25 4.58 4.38 (0.21) Primary- Kindergarten 3.00 3.00 3.00 3.00 3.00 3.00 - Primary-Grade 1 3.00 3.00 3.00 3.00 3.00 3.00 - Primary-Grade 2 3.00 3.00 3.00 3.00 3.00 3.00 - Primary-Grade 3 3.00 3.00 3.00 3.00 3.00 3.00 - Primary-Grade 4 3.00 3.00 3.00 3.00 3.00 3.00 - Primary-Grade 5 3.00 3.00 3.00 3.00 3.00 3.00 - Primary-Art 1.00 1.00 1.00 1.00 1.00 1.00 - Primary-Counselor 1.00 1.00 1.00 1.00 1.00 1.00 - Primary- Math 1.00 1.00 1.00 1.00 1.00 1.00 - Primary- Music 1.00 1.00 1.00 1.00 1.00 1.00 - Primary- PE 2.00 2.00 2.00 2.00 2.00 2.00 - Primary- Reading Specialist 1.00 1.00 1.00 1.00 1.00 1.00 - Primary-Spanish 2.00 2.00 2.00 1.50 1.50 1.50 - Primary Interventionist - - - - 1.00 1.00 - Primary Staffing 27.00 27.00 27.00 26.50 27.50 27.50 Secondary-Art 2.32 2.16 1.67 1.50 1.50 (0.16) - Secondary- Business - 0.50 1.00 0.25 0.38 0.05 - Management Secondary-Counselor 1.00 1.30 2.00 2.00 3.00 - - Secondary- Economics 1.00 1.00 1.00 1.00 0.50 (0.33) - Secondary- English 3.50 3.50 3.50 3.84 4.75 (0.25) - Secondary- Foreign Language 4.32 4.00 4.17 5.00 5.00 - - 76 PERSONNEL STAFFING & PAYROLL OVERVIEW � � � ���� � . .. -. Secondary-Grade 6 3.00 3.00 3.00 - - - Secondary- Humanities 3.92 4.25 3.92 4.00 4.58 4.88 0.30 Secondary- Math 5.50 5.50 5.67 5.34 6.32 6.25 (0.07) Secondary- PE 2.00 2.00 2.00 2.00 2.00 2.00 - Secondary- Performing A&D 1.00 1.00 1.00 1.00 1.00 1.00 - Secondary- Personal Project 0.50 0.50 0.50 0.50 - - - Secondary-Science 4.00 3.84 4.33 5.50 5.50 5.00 (0.50) Secondary-CTE/STEM - - 0.50 2.00 2.00 2.75 0.75 Secondary-Librarian - - - - 0.33 0.38 0.05 Secondary-Theater Arts - - - - - - - Secondary Staffing 32.06 32.55 34.26 34.92 37.55 37.38 (0.18) Teaching Aides 8.50 8.00 7.00 7.00 7.00 7.00 - Librarian/Aide 1.00 1.00 1.00 1.00 1.00 1.00 - N u rse 1.00 1.00 1.00 1.00 1.00 1.00 - Office Aide 4.00 4.00 4.00 4.00 4.00 4.00 - Registrar 1.00 1.00 1.00 1.00 1.00 1.00 - Support Staffing 15.50 15.00 14.00 14.00 14.00 14.00 Diagnostician/Literacy - 1.00 1.00 1.00 0.50 1.00 0.50 Occupational Therapist - - - 0.25 0.25 - (0.25) IT Integration 1.00 1.00 1.00 0.50 0.50 - - Special Education 3.25 3.00 3.00 3.00 3.50 3.00 (0.50) Speech 1.00 - - - 0.50 0.50 - Strings Staff 1.00 1.00 - - - - - Specialist Staffing 6.25 6.00 5.00 4.75 5.25 5.00 (0.25) WAF Director 1.00 1.00 1.00 1.00 1.00 1.00 - WAF Office Aide 0.50 0.50 0.50 0.50 0.50 0.50 - Foundation Staffing 1.50 1.50 1.50 1.50 1.50 1.50 Facilities Supervisor - - - - 1.00 1.00 Facilities Technician 1.00 2.00 2.00 2.00 1.00 1.00 Janitors - - - - 2.00 1.00 (1.00) Facilities Day Porter 1 - - - - - Facilities Staffing 2.00 2.00 2.00 2.00 4.00 3.00 IT Coordinator 1.00 1.00 1.00 1.00 1.00 - IT Tech 1.00 1.00 1.00 1.00 1.00 - IT Dept Staffing 2.00 2.00 2.00 2.00 2.00 - . � . . � •� � �� � . � �� - _ � 77 PERSONNEL STAFFING & PAYROLL OVERVIEW Fair Labor Standards Act(FLSA) The Fair Labor Standards Act established minimum wage, overtime, recordkeeping, and child labor standards and applies to all full-time and part-time employees. As amended in 1985,the FLSA provides the option for compensatory time in lieu of overtime compensation for non-exempt employees. Executive, administrative, and professional employees meeting Department of Labor exemption guidelines are exempt from FLSA overtime requirements. The Town will comply with the FLSA for all employees. Non-Exempt Positions All non-exempt(hourly) positions are eligible for overtime compensation. Bi-weekly wages are based on a 40-hour work week(2,080 hours per year), equaling one full-time equivalent(FTE) position. There are 26 pay periods per year. Exempt Positions Exempt(salaried) positions are not eligible for overtime compensation. Salary amounts are not calculated or based on the number of hours worked. Exempt positions include managers and directors, and classifications are determined by Department of Labor guidelines. Vacancy Adiustments Not all positions will be filled 52 weeks per year, and so these expected vacancies are addressed in the salary budgeting process. 1. Start Dates- Expected start dates for open positions may vary. Keeping track of those assumptions is important because a large dollar variance may result when an actual start date differs from the budgeted date. 2. Attrition (Planned Retirements)- Budget consideration should be given for those positions where employees have indicated specific retirement dates. Payouts need to be budgeted. 3. Impact of Inflation- Inflation can have a significant impact on payroll forecasting. Cost-of-living adjustments often are used when forecasting personnel costs. The Consumer Price Index(CPI), a broad measure of consumer inflation, is the cost-of-living index used most often for determining salary increases.The U.S. Bureau of Labor Statistics' Employment Cost Index might be a better index for this purpose, as it measures the change in the cost of labor, free from the influence of employment shifts among occupations and industries. 4. Seasonal and Temporary Positions-Some divisions orjurisdictions use part-time or seasonal employees. 5. Other Considerations-Some governments make more use of overtime as an option instead of hiring fulltime workers.The use of retired employees for contractual services is another alternative to adding headcount. 78 BOARD OF TRUSTEES Westlake Academy is governed by a President and a five-member Board of Trustees. Each of the members is elected for a two-year term, and members currently serve on the Town Council for the Town of Westlake. The Board of Trustees establishes school policy, approves the Academy's annual operating budget, and serves as the legislative body of the Academy. . . Q 0 �� � , , � ` . . ' r ��' � i ;:- F i ' / I I _ Laura Wheat, President Carol Langdon Alesa Belvedere Term expires May 2022 Term expires May 2021 Term expires May 2022 . . �� � � `_ � j���r:: .� �;'` � Rick Rennhack Greg Goble Rajiv Trivedi Term expires May 2021 Term expires May 2021 Term expires May 2022 The Board holds regular meetings on one Monday of each month.These meetings typically begin with a work shop at 5 p.m. and the regular meeting follows at 6 p.m. All meetings are held at Westlake Town Hall, 1500 Solana Blvd, Bldg 7 in the Council Chambers/Municipal Courtroom. T H E T 0 W N 0 F WESTLAKE DISTINCTIVE BY DESIGN 79 WESTLAKE ACADEMY LEADERSHIP TEAM *AMANDA DEGAN DR. MECHELLE BRYSON SUPERINTENDENT OF SCHOOLS EXECUTIVE DIRECTOR *Noah Simon Alan Burt Deputy Director of Athletics Town Manager Student Life Coordinator *Jarrod Greenwood Rod Harding Assistant Town Manager PYP Principal *Debbie Piper Beckie Paquin Director of Finance PYP Assistant Principal *Troy Meyer Alison Schneider Director of Facilities PYP Coordinator & Public Works Primary Curriculum Coordinator *Jason Power Kaylene Rudd Director of Information Technology MYP Principal *Ginger Awtry Maxwell Ituah Director of Administrative Services MYP Assistant Principal *Todd Wood Terri Watson Town Secretary and Organizational MYP Coordinator Performance Manager Secondary Curriculum Coordinator Dr. Shelly Myers Dr. James Owen Executive Director of the WAF DP Principal/Coordinator & Director of Development Secondary Curriculum Coordinator �'"-..-�. *Asterisk denotes shared services �'' �'�, personnel between the academic tf �i and municipal service teams of � � the Town of Westlake. ��'`.._.,,,.�--`r 80 ORGANIZATIONAL STRUCTURE MUNICIPAL OVERSIGHT Westlake Academy is a municipally owned, open enrollment K-12 charter school that is accredited by the Texas Education Agency. • The Academy is governed by a six-member Board of Trustees that also serves as the Town Council for the Town of Westlake. • The Board of Trustees appoints a Superintendent to oversee the Academy's management and operations. The Superintendent also serves as Westlake's Town Manager. • The Academy's organizational structure is based on research into management of municipally owned charter schools. • The current structure was adopted by the Board in Resolution 09-23 on December 7, 2009. The Superintendent is responsible for the implementation of the Board's policy agenda for Westlake Academy, facilitating the Board's strategic plan,formulating policy recommendations for Board consideration, and providing managerial oversight of the Academy's budget administration,finances, and budget preparation. Town Manager/ Executing the Board of Trustees adopted policies and hiring and Superintendent managing all employees and department directors Assistant Town Supporting the Town Manager/Superintendent in assigned duties, Manager/ overseeing departmental directors, and working on special projects Superintendent as assigned Financial oversight of accounts payable, accounts receivable, payroll, Finance general ledger,journal entries, capital projects,fixed assets, Department depreciation, revenues, expenditures, assets, liabilities, and coordinating the annual budget and audit processes for both Municipal and Academic. Human Resource Managing personnel needs for both the Municipal and Academic Department staff The Academy's Superintendent oversees the Westlake Academy Executive Leadership Team which is charged with the responsibility of managing the school's on-going academic and extracurricular operations. Each principal is responsible, with advisement from the Superintendent,for selection and evaluation of the faculty and staff involved in providing their Programme's academic services. 81 ORGANIZATIONAL STRUCTURE ACADEMIC MANAGEMENT EXECUTIVE DIRECTOR • The Executive Director is the instructional leader for the whole school as well as administrative head. • This position is responsible for implementing board policies and direction from the Superintendent, and heads the instructional leadership team (ILT)which focuses on whole school issues. PRIMARY YEARS PRINCIPAL (PYP� • The Primary Years Principal is the instructional leader for the Primary Years �;•� Programme (PYP). , • The PYP is a curriculum framework for children aged 3-12 that prepares students for the intellectual challenges and focuses on the development of the whole child as an inquirer, in and beyond the classroom walls. • The PYP Principal is responsible for ensuring proper implementation of the IB curriculum, student achievement as well as recruiting, mentoring, and retaining talented faculty. • The Primary Years Principal is a member of the ILT. PRIMARY ASSISTANT PRINCIPAL • The PYP Assistant Principal is also an instructional leader for the PYP. • The PYP Assistant Principal supports the efforts of the Primary Principal in carrying out the duties of the programme. • The PYP Assistant Principal also supports the proper implementation of the IB curriculum, student achievement as well as supports the positive culture and climate of the programme. • The PYP Assistant Principal is a member of the ILT. PRIMARY YEARS CURRICULUM COORDINATOR • The PYP Curriculum Coordinator is primarily responsible for the vertical and horizontal articulation of curriculum. • The position supports the efforts of the Primary Principal in ensuring the proper implementation of the PYP IB curriculum. • The main responsibility is to work with staff to develop, maintain and review curriculum, while developing and delivering effective staff development to support the IB mission. • The PYP Curriculum Coordinator is a member of the ILT. SECONDARY PRINCIPAL (MYP Hc DP PRINCIPALS� • The MYP Principal is the instructional leader for the Middle Years ', ,, � � - II Programme (MYP) and the DP Principal is the instructional leader for the � Diploma Programme (DP). � � � � ' II • The MYP is a curriculum framework for children in grades six through ten ' that prepares students to make connections between their studies and the real world. It is designed to prepare students for the Diploma Programme. • The DP is a challenging two-year curriculum for students in grades 11 and 12 that provides an inquiry based, college preparatory education. • These positions are responsible for ensuring proper implementation of the IB curriculum, student achievement as well as recruiting, mentoring, and retaining talented faculty. • The Secondary Principals are members of the ILT. s2 ORGANIZATIONAL STRUCTURE ACADEMIC MANAGEMENT SECONDARY (MYP� ASSISTANT PRINCIPAL • The Secondary MYP Assistant Principal is also an instructional leader for the MYP programme. • The Secondary MYP Assistant Principal supports the efforts of the MYP and DP Principals by carrying out the duties of the programme. • The Secondary MYP Assistant Principal also supports the proper implementation of the IB curriculum, student achievement as well as supports the positive culture and climate of the programme. • The Secondary MYP Assistant Principal is a member ofthe ILT. r � ! ■ . SECONDARY (MYP� CURRICULUM COORDINATOR � • , � . _ • The MYP Curriculum Coordinator is primarily responsible for the vertical and horizontal articulation of curriculum and support the efforts of the Secondary Principal in ensuring the proper implementation of the MYP IB curriculum. • The main responsibility is to work with staff to develop, maintain and review curriculum, while developing and delivering effective staff development to support the IB mission. • The Secondary Curriculum Coordinators are members of the ILT. SECONDARY (DP) CURRICULUM COORDINATOR � w � � -� . • The Secondary Curriculum Coordinators are primarily responsible for the � ' ■ . . vertical and horizontal articulation of curriculum. • The positions support the efforts of the Secondary Principal in ensuring the proper implementation of the DP IB curriculum. • The main responsibility is to work with staff to develop, maintain and review curriculum, while developing and delivering effective staff development to support the IB mission. • The DP Curriculum Coordinators are members of the ILT. . ATHLETIC DIRECTOR AND STUDENT LIFE • The Athletic Director/Student Life Coordinator is primarily responsible for the ��- .� development of the co-curricular and extra-curricular activities of the Academy. • The Athletic Director/Student Life Coordinator designs, implements and supports activities that build the student's leadership capacity and enriches their social and emotional growth. • The position interfaces with principals in scheduling events that enrich the learning environment. • The Athletic Director/Student Life Coordinator is a member of the ILT. DIRECTOR OF DEVELOPMENT • The Director of Development and Westlake Academy Foundation Executive Director is primarily responsible for the fundraising activities of the Academy. • The Director creates, implements, and manages donor activities, including the annual Westlake Academy Blacksmith Drive, Baja, Gallery Night, grant applications, and other Academy or Foundation related solicitations. • The Executive Director of the Education Foundation is a member of the ILT. 83 'M1 :_:. ..�� . . ` . . � . .'� s .. . .. .. . . ...:.�.��. .. . ,.. ?< . . ..,..... _ .'�. .. ..:. �,.. :� �M1 1 �h / � .f.'�. .f". , �nx�i1.�.45'.i �i i7 j''�F��� � �.,�„� .Y� rN. ,.C. ,� d. jj. � . . � i . ..� . . . . . . . . . r. .,.F '�f 1: Ni�' Kh.. r�'i.�l.. . OF WES .. f.r.�� �� , �' ��I\_ , ,� '� O �' � � � - �� � � � , � , ,C�' � , �' .. S� �� � � � ��f��w: �I � I''� '`rN`l': �K p,C�' ����:��''������ E �� � � ��.¢��,'a ___�_—-- , � � ��.��r,y;;�,�i►�. ����`,�.. :��Fh��,�.� y. /���i�1� (�r ri��� ,. `��.iJ�`��-'���+ ,� ''�J'�'. �f�� ,����5 .�.i i�'�:�. :i?:�' .c�t�� .:w} s Q'kk;.Y` , ;.� '' .���'y' . . . . ;;�I�.A. �,�l,y.��,}��, ��� �f,-! �:"t°�„` . , ' . �ff' A�� �;,,.y. ��,.�. . '��n�'�� � r��; � . '.y�J5 "�,. �J'•�.�; ''f�"'!�E'N� ' Ih" . ;i�,'�f� �{� �r�� , , . T�is page is intentionaLLy �bLan� 85 International I BO PROG RAM M E OVERVI EW Baccalaureate° (IB) programmes aim to do more than other curricula WESTLAKE ACADEMY IS AUTHORIZED BY THE by developing inquiring, INTERNATIONAL BACCALAUREATE (IB) TO OFFER: knowledgeable and caring young people who are � primary Years Programme (PYP)—grades K-5 motivated to succeed. • Middle Years Programme (MYP)—grades 6-10 �'° • Diploma Programme (DP)—grades 11-12 We strive to develop students who will build a These three linked curricula form the IB Continuum and all three programmes are better world through consistent in their pedagogical approach. intercultural understanding • The PYP gives students an excellent foundation for the IB's other and respect. programmes, providing the essential elements that young students need to equip themselves for successful lives, both now and in the �° future. IB programme frameworks • The MYP builds on the knowledge, skills, and attitudes developed by can operate effectively with the Primary Years Programme and prepares students for the national curricula at all demanding requirements of the Diploma Programme. ages; more than 50%of IB • All three programmes are philosophically aligned, each centered on World Schools are state- developing attributes of the IB learner profile, described below. funded. � 6�m�op�hr defl6^bl[� f�i.inla! 4knary�h. d The International �m ���� Baccalaureate (IB) offers a inweshgate continuum of international education.The programmes ,�� � � a��� encourage both personal "��;�^ � ���a� and academic achievement, challenging students to ��,,,�p �� plan excel in their studies and in their personal development. E"''�� �� �'� �hr�W ���,r �� ��� �'° Create All IB programmes are �,�e�: ;��P�1e�: flexible enablin teachers +�'w°�°`°� °n''^'°""^d , g ����� #¢�� .����aM to respond to local �k,��, LhE' requirements. �w� - � � When schools implement the full continuum of IB programmes, students realize several benefits including: The Academy prepares . Improved standardized test scores. students for all . An understanding and appreciation of the world's cultures and standardized testing histories among their students. required by the State of , A sense of community and shared goals among parents, students, Texas but endeavors to do so in a much more teachers, and administrators. transdisciplinary manner • Graduates complete college faster than their peers,feel more and without "teaching to prepared for college-level coursework involving research, and the test." are better able to cope with demanding workloads and time-management challenges. �'° 86 I B ATTITU DES � Appreciation-Appreciating the wonder and � Empathy- Imagining themselves in another's beauty of the world and its people. situation in order to understand his or her reasoning and emotions, so as to be open-minded � Commitment- Being committed to their own and reflective about the perspectives of others. learning, persevering and showing self- discipline and responsibility. � Enthusiasm- Enjoying learning and willingly putting the effort into the process � Confidence- Feeling confident in their ability as learners, having the courage to take risks, � Independence-Thinking and acting applying what they have learned and making independently, making their own judgments appropriate decisions and choices. based on reasoned argument, and being able to defend theirjudgments � Cooperation-Cooperating, collaborating, and leading or following as the situation demands. � Integrity- Being honest and demonstrating a considered sense of fairness. � Creativity- Being creative and imaginative in their thinking and in their approach to problems � Respect- Respecting themselves, others and and dilemmas. the world around them. � Curiosity- Being curious about the nature of � Tolerance- Being sensitive about differences learning, about the world, its people and and diversity in the world and being responsive cultures. to the needs of others. .� � � � � � � �� � - �, r�. . �j - ■ , r� �,�'� n ^� . � r�j�jJ - � -• a `--',�-��, . ]• N �J��J � I ■ � � � �I / ��)� I , .! ! ��f J M � • • � � �� `�,�_�r��� J �� � � • • . �- , �' • , ► s � . � � � r � • � + • . . ! � ! • r " " � � - . / ~ � • �''' ti � "��j��;} •,��� � � � . � � � f . . . � r • • � • • ' � � � . . . . • - � • � r • � � . � �• � � �' ' r • , � • � � 87 IB LEARNER PROFILE The IB learner profile represents 10 attributes valued by IB World Schools. We believe these attributes,and others like them can help to develop internationally minded people,who recognizing their common humanity and shared guardianship of the planet, will help to create a better and more peaceful world. � Inquirers—We nurture our curiosity, developing skills for inquiry and research. We know how to � learn independently and with others. We learn with enthusiasm and sustain our love of learning ���� throughout life. �;� � � Knowledgeable—We develop and use conceptual understanding,exploring knowledge across a � � range of disciplines. We engage with issues and �� � ideas that have local and global significance. ~ � Thinkers—We use critical and creative thinking skills to analyze and take responsible action on complex problems. We exercise initiative in making reasoned, ethical decisions. � .� � � � Communicators—We express ourselves � � confidently and creatively in more than one language and in many ways. We collaborate effectively, listening carefully to the perspectives of other individuals and groups. � Principled—We act with integrity and honesty, � with a strong sense of fairness and justice,and �r � with respect for the dignity and rights of people � everywhere. We take responsibility for our : � actions and their consequences. � Open-minded—We critically appreciate our own � cultures and personal histories, as well as the values and traditions of others. We seek and evaluate a range of points of view,and we are willing to grow from the experience. � Balanced—We understand the importance of balancing different aspects of our lives—intellectual, � Caring—We show empathy,compassion and physical, and emotional—to achieve well-being for respect. We have a commitment to service, and ourselves and others. We recognize our we act to make a positive difference in the lives of interdependence with other people and with the others and in the world around us. world in which we live. � Risk-takers—We approach uncertainty with � Reflective—We thoughtfully consider the world and forethought and determination,and we work our own ideas and experience. We work to independently and cooperatively to explore new understand our strengths and weaknesses to support ideas and innovative strategies. We are our learning and personal development. resourceful and resilient in the face of challenges and change. 88 IB LEARNER PROFILE K�uo�4�LEn������.� PRINCIPLED �; � �;� �� C ' � � � � fi ��: � �� �PEN-MINI7ED RISEC-TAKERS � � � � � � �� �- "� r � � � "� � �1 f 4 � ' �- � �� �_ � � � � _.,� � _ � `' ��� ' � � , � � = I'`, ,, �` � � �' � � �� �� �_: CARING . � � CObiMUNICATORS � .�.,� `� ' "� ' � � � �' � � �' ` � - ' � ' .� � � � � � . .�. �� .� �� ,�� � __ . A� � � ,� ,_ -,� _ � 4 � �y� BALANCEI} � , � ��� ^ � � ''� �� � �� � � � � � � THINICERS� � �� � "� �:r� � � � ' - � � r� � � ��1 �� �r�� � � ,` � � � � ri � �� � � � � � REFLECTIVE INQUIRERS ��� � �� � � �� ' 1 � The � B Learner Profire - � � and Attitudes APPREGIATIUN TflLEHANCE C�MMITMENT - • RESPECT CUNFIDENCE �� r '7 � ;^ � � � INTEGRITY {1[3S3F'p;;��6'i'I4]'� � f � i ��'s•'..s-.:4 i 1'•.'IT�• ' INDEPENI?E1VCE CURI05ITY ENTHUSI�15:4I E:4IPATHY 89 ENROLLMENT BOUNDARIES Westlake Academy's student enrollment is established by two sets of boundaries: • The primary boundary encompasses the Town of Westlake and allows Westlake residents automatic entry into Westlake Academy. • The secondary boundaries are comprised of 30 of the surrounding school district's boundaries. Argyle ISD Duncanville ISD Krum ISD Arlington ISD Eagle Mountain-Saginaw ISD Lake Dallas ISD Azle ISD Fort Worth ISD Lewisville ISD Birdville ISD Frisco ISD, Garland ISD Little Elm ISD Boyd ISD Grand Prairie ISD McKinney ISD Carroll ISD Grapevine-Colleyville ISD Northwest ISD Coppell ISD Highland Park ISD Paradise ISD Carrollton-Farmers Branch ISD Hurst-Euless-Bedford ISD Ponder ISD Decatur ISD Irving ISD Springtown ISD Denton ISD Keller ISD Weatherford ISD Secondary boundaries in communities neighboring Westlake, are comprised of the following Independent School District boundaries: Students by Neighbarir�g ISD � �oo� 12.U9'o 18 Do�4 Z� D�a 11.09rn 11.09b 11.09'0 13.096 80% 11.0� 15.0% 15.0% 15.0°fo 1$.Q% 0 60/ 18 0� 17.0 0 �p.Ql 15.0% 15.0�'0 17.Of 17 0% Otfier 0 24.0% 40% Z�•��° Narthwest 59.D� 59.0% 59.0% 54.Of 53.0% Carroll 20% 41.0% 32.O1 Keller Ol FY 14�15 FY 15�1b FY1b�17 FY 17�18 FY 18�19 FY 19�20 FY 20�21 Actual Actual Actual Actual Actual Amended Proposed .F- �—b ,. ,y; ' � . ,t� : 5�r'_ ,�.; �'�'i;� =�' -r.:-�,. �.�. .�'' r.�• i.`� F While any school-age child , r.1;�.!�' s � • ��:� �r � � .. i � {„. .+ � �' .. residing within these ��_ , ,.� • � _ c � • .�. �--.-� . "'•��� -�• � district boundaries can At.sA.,.�,� � _v`_� ', " -Y`� � � attend the Academy, �.:. -.-• -�;__.� ,.y , ���. � � demand for entrance Y' H� t�i � }` � .. f � !� �r„ 'L�. .�� . ;i� ...-r �f � � �� �� exceeding capacity may � l f �� •�.�- �� . � r, ��:, � " =j ,�.• _ necessitate that child � ',j�' � � �"T� � V� �-" ' �� being placed on the �"'�' � �' �� � ��4T',',�'',�W. . .,. �! j ? - _ =�::. ,- '+� waiting list. � •C.� .. � . i. i� -' . ��;, � _ . ��t'��: � �. � .� 90 STUDENT ENROLLMENT As an open enrollment charter school, Westlake Academy can set and maintain enrollmentnumbersatlevelsdetermined 5tudent Enrollment History by the Board of Trustees. �'° Westlake Academy has added 394 �s• ' � students since FY 09/10 as the result of ; a ' � increased demand and planned �� � i ' expansions. �.. � �` FY 14�'I5 FY 15�16 FY 15�3�7 FY 17�18 FY 18J14 FV 19�20 FY 20�21 Actual Actual Actual Actual Actual Actual Proposed The Academy will be able to serve approximately 885 students in the 2020/21 school year. �'° Student Ertrallment F�re�ast Future enrollment must be carefully managed to ensure adequate space for � ' � primary boundary residents. An average class size is maintained: � , � � � � • 19 students per class in grades K-5 ,.�n3 • 25 students per class in grades 6-12. FV 19�20 FY 20�21 FY 21/22 FY 22�23 FY 23�24 FY�4�Z5 � Actual Propo�e� Projected Projected Proje�ted Proje�ted The Academy currently has under 2,000 students on a waiting list spanning Lotte ry Wa it i n g Li st kindergarten through grade eleven. The waiting list is developed each year through a lottery process that allows the Academy to fill seats if student attrition occurs and maintains a stable student population and classroom size. While any school-age child residing Fv 1��sa Fv Zs�29 Fv�9�za Fv zo/z1 within district boundaries can attend the N�:rua� actua� nctua� Propose�� Academy, demand for entrance exceeding capacity may necessitate that child being placed on the waiting list. � Expenditures per Student - Academic ❑nly Enrollment forecasting is based on several items; • Residents growth and those residents choosing the Academy � � . • Lottery waiting list � ` • Facility Master Plan � ���� ��' � , All the above circumstances are reviewed � � continually to assess to appropriate Fv 1�11s Fv 16/2� Fr 1��1s Fv Zs�zs Fv ss�zo Fr 19/zo Fv zo!z1 Actu��l r�ctual Nctua9 Actu�;! Adopted an:er.ded Proposed enrollment for each school year. 91 ACADEMIC ACHIEVEMENTS NATIONAL RECOGNITION * Westlake Academy (WA) was ranked #100 of all high schools and #21 of all charter high schools in the United States according to the US News and World Report. In addition, US News and World Report ranked Westlake Academy#11 of all high schools in Texas. * Westlake Academy is also nationally ranked in the Jay Mathews Challenge Index, formerly the Washington Post High School Challenge Index. This year WA ranked 26t" out of 22,000 high schools scored across the nation. STATE 8c LOCAL RECOGNITION ���� `�ay * Westlake Academy was ranked #41 of all Mathews Texas high schools by the Children at Risk ► ' ► �OZ� organization. Additionally, Westlake Academy was ranked #35 of all middle schools and #75 in all elementary schools across the state of Texas. * Niche rankings revealed Westlake Academy as the 2nd best charter high school in Texas, THE BEST(#1) charter middle school, and 3rd best charter elementary school in Texas. Nationally, Niche ranks WA charter elementary school at 17t" in the nation, 215t in best charter middle and 28tn in best charter high schools across the U.S. and compared to all public school in Texas, we ranked 8t" in elementary schools, 6t" in middle schools, and 8t" across the state of all public high schools. STUDENT ACCOMPLISHMENTS * 67 Academy graduates received the prestigious IB Diploma. * All students were accepted into at least one college/university, with many into top tier schools ��f� f�jr r� ��' -��� across the State and the United States - ��J ' � __�, 1 * 7 graduates were named a National Merit Commended � +` ^ � ' :ia� ��f� � i Scholar. ! a; ;'s * 2 graduates were named a National Hispanic Scholar. �7� * 19 graduates were named an AP Scholar. 2020 Graduation, Texas Motor Speedway * 5 graduates were named an AP Scholar with Honor. * 18 graduates were named an AP Scholar with Distinction. * 55% of the Class of 2020 applied to a college/university through an Early Admissions Prograrrrr�2 ACADEMIC ACHIEVEMENTS NOTABLE SCHOOLS �WITH LESS THAN 25% ACCEPTANCE RATE PER US NEWS 8c WORLD REPORT� 2020 WA GRADUATES ACCEPTED * Brown University * Swarthmore College * Cornell University * University of California, Los Angeles * Emory University * University of Chicago * Geoergia lnstitute of Technology * University of North Carolina, Chapel Hill * Pomona College * University of Southern California * Tulane University * Washington University, St. Louis r"^ ���� L1�f 1�,� r` o � � �� � � B I��� I�T � - - � � - - � � - - �� ���� �..�� ���� .:t,� � ��1��1� ,��..-r.� _ r.ia l-vnr �n � iJ1 � � � � � � # # * * � — � � i *� � � �n�in ��Y���� �����--�J�� � ���lilll,�� � � SWARTHM�RE _,�� ! �°{•�. ' '� �., � . � ■ ,��� 93 ACADEMIC ACHIEVEMENTS �� I� �6 ;;. � '���� -�s�: I � _ �: `'-k-.�.( 'i , �y `!.;'1 .f �.y�,. _� .. � �d;' '-."� 1� 1 1 S�� �vt 4._ . �-. s i ,,' Y� �A ��{ .�. 'l�� r'�A r . ti �IC t 'f1 x' r�� f � �, ��. � ��. y''��� � ���;`y�„ � _ � x� , t .':� .}� P". xi t' � �;�;'r j' � .'� r�''_ �,,.�` 'Ys �j ;.�,r�� J .��' afF,' -�, Js� 41� HR '�'Tr. . �1. t, 1 �:•1�� � �:1-�r ` T-.� -t{�_- � ' ' ;. y � �:�._ ��,�'C.. 4. . r a�-'��T."�' � �L �:r [A i �� 1� � ,� � A •{.1.� �� 3T � �. ��l . �g F , � � �. � `+�' '�"• �,' .x"� �.' ''�-..._ ,�,`� ;, ,�. � ''�,a�''�y i\ - -'` y� - ����'� F� i�� �.:,��� �`;d 1 � '� �'�.: .y�..�: ; 1 � c ���:'�� y 1 1��'�`� {r-+� 1 ��:. '��� �r _ ,~y� '�(i�"-�' +� 4"r � �._ - y 1 1 ! , ,., I � t 'd J.�"' �� .�,�p+��: �i + k ' ,� {��'` .� _ ; �� __ J +. `;� �� � :�i,i� _ F� � ,� --— r - , � '� _ . _ - �.,_ •,Y - - _� - — _ -- - - �� ' - . - - , .�`- *� -��� - --. ; , �. . - •� Senior Retreat�Class of 2020 �-�v �. '��l�. � ���;��4 � -�::� - - �� `b` `��; � ���'�=_ , -;r_ ----�-�_ ���� ,��:;' ''Y� 'i +� ' ••�-_��---� 4���`�� - -- = - ' •• - �`�� _ . �J -�.t ''��.'��a�-_�.�_"...' . r t� `� �� �__���.i 'x ;�. " ' �: -���..r 1 F +�"� `� t�+� �`� r=-���1: __ �i����t' _ ?"_ _. ���k�y .. . .._ „ ^�-� -- •J� �-: ��.� :!�`~..y.j���~� ����~�e�_ 7.a• -.� _ �-.- �--� . � ��r.r �r',��-��r '�����'��� � ��. •' - ��- `"}: ��' ��'a r�*r�`-ti�,�•,� `��•--1��� -:r -'r 'C' - f '/�/q!r�``_• "t� .�l�d�ea��b���� i�.���r 17���r,-'��,�`{-^`.- '� _ - . . ■ �r �� _ - �+�Y . ■��iYN- �r.ri-.. - �r��a-}.�ew� _ ._ -- _ . .. - .-:�._._ �., .`-!'_'�.� .--'� . • ,�,, ���� *� �"'�� I��. f._ . . �' '��.��° ,��,.,� �'���r �� r ,�, 1; `' `� ���. '`��� ' i �• ` �, �=� _- 'k:. �,� � ��� � ;1� , ;�,, �. � r - , . �r , �� m � ;���(�.. � . .� +,• �} �' ''�•titi k " � � .,�_� . � � __ . . _ � , - , � - - _ F .� - ' � ,�: 2020 Graduation, Texas Motor Speedway 94 WESTLAKE ACADEMY BLACKSMITHS ATHLETIC ACHIEVEMENTS Westlake Academy believes athletics to be an integral part _ ____ ---- -- of the student's overall education. Values and lessons --- - - learned benefit that person in his or her future adult life. Participation in athletics is a privilege, not a right, which carries a varying degree of honor, responsibility, and sacrifice. When a young man or woman signs up for athletics and ��� becomes a member of the team, they make a commitment. The student and their parents should know they are ��teQ���ad���. $ea����tks obligated to follow rules and regulations of the program. __--- Every effort should be made by the student to fully fulfill ----—"- --- their commitment. Realizing that the athletes represent their school, it is the duty of the athlete to conduct themselves on and off the field of play in a manner that is becoming to themselves, their team, their family, the Westlake Academy student body, and the Westlake community. Varsity Volleyball Varsity Track & Field Varsity Baseball Varsity Basketball � — � ■ ■ i ri�e''nfl I°S�'1 Y� t3 �R�I '' ' � ,. "�� j ,_���. :_ i � � ' �• �.� �R•. ,t� . '_ :,�i,jy r ` l4 }�' � � � �� � � �� . ,j, � - ��, +• � �, �� � ; ,�"'° ,,, - `.. t -- �{r � r ' ,.. . . � ! �- -" � �-� :� Varsity Softball Varsity Football Varsity Tennis Varsity Cross Country , ��� �' ' y n � ` 3` *; _�� , g •�� n • �. �. � �,r� �� � ��► asl� 8 .�'F•.i k �l{���■.�'Y 7 4 ��dr�.n V i'i. :.i.�i� � `�"' . .,.�i .._�w �; � � tll.'� S ' . F, - .__. r `ee,i �1..�� � �r � . � ,� �;�� _ - _ Varsity Soccer Varsity Golf Varsity Cheerleadin� All Girls Soccer � -..— .�,� .�..���:__-� _ _ � - ::�� ;:J ^�... � � � �i �.. 'w _�-,Z, -,, e _ _ Rr+. . � �' r:n �r1 t Y � � ►"_ � _ � f � - ��"� > � � � �� � ,� . - . .,� � .�-...—f . . � ` __-.. � . �... �,;.. ���� - 95 WESTLAKE ACADEMY BLACKSMITHS ATHLETIC ACHIEVEMENTS � The 2019-2020 athletic season began with much success and ended with something that no one could have imagined. The spring athletic season was just underway when COVID-19 closed schools. The athletes and teams were forced to miss the remainder of the season. Texas Christian Athletic Fellowship canceled the spring seasons and therefore no ability for the teams to compete in playoff scenarios. We are extremely proud of our resilient athletes and coaches and know they will return to competition even stronger in the coming year. The 2019-2020 athletic achievements include: Varsity Volleyball Junior Varsity Volleyball 6t" Consecutive District Champions District & Regional Champions 3rd in State Varsity Soccer Junior High Soccer 3rd Consecutive State Champions District & Regional Champions Varsity Cross Country Junior High Cross Country Women's Team 3rd in State Women's Team 3rd in Regional Individual Men's State Champion Men's Team Regional Runner Up Men's Team State Champion Overall Men's & Women's Team State Champions I Varsity Football Junior High Men's &Women's Basketball District &State Champions Men's Team 3rd in Regional Women's Team 3rd in District Varsity Men's Basketball Junior Varsity Men's Basketball No Post Season Regional Runner UP Varsity Women's Basketball Varsity Softball 3rd place State Tournament No Season Due to COVID-19 Varsity Men's Golf Varsity Women's Golf No Season Due to COVID-19 No Season Due to COVID-19 Varsity Track& Field Junior High Track& Field No Season Due to COVID-19 No Season Due to COVID-19 I Varsity Baseball Varsity Tennis No Season Due to COVID-19 No Season Due to COVID-19 96 bf, } , _, ,.�, •y���(�� y , r� ,�.:,�e,�_6r� .�'; �''}',� ,,r� '.�' u ''�.`��, ;�.� ':h� Yi', �,f. ' � ''� ^,`�;. Z����•.�1r���I + , ':x°��y.''�i� � . j''�F��� � �.,�„� .Y� ,�4rY, � _� 9 .��J ,��, ?g;�.a� .�. . .. .. , ..�....e. =Y�::S ��.Y � . ,q y _ � . . � . .. �,.. .. , . -. . .�.�, . .. ,,.��,T �� .� �.� . �j fi:, ^i . , F wES , � O �,� �� ����� , � o � � � � � � _ .�, � � , 1 ,, � , , � . s� ��' � w , � � �K ACA .., E .� � ��r'.' � �'� �ti� ' , ' i��I,'.�, I' �. `�,� n}' .i'� � �i��w��� . �.}^� , ,�':.�:�/�:. . ' ,.A�, .iy ..��...1'�/,1' . '.`A r"- '.'' �u ., r �9`� '.r 4 �' ,�/•�4 Y , ��`���� ��,,3 4r�?'�;u;, . , :;��,,`,,��., r �;.�,r: .. . �;tif�'; � 1� ��,i;ti���� T.:a�'� c *�+�.� ., �'!•, '11J1.� .i �Ak�'r'4' �, � �:�� .�,�, r ry L�.�;��-.r' . ' "�'��.T. :'r!' �;, 'Y. ,�A��i'�� i.1 4, •,��'i� . �, . y�,� :.;,,v:{,' �Z�l .„Jn'.� r7:;.�a,d,. �' �< ���'•��1x�F�� .. :;� 4�� �yL�,�f'S�;, K '����fh(�,hf,. , . .� :r- '".��,r;. � T�is page is intentionaLLy �bLan� 98 INVESTMENT POLICY I. POLICY STATEMENT It is the policy of Westlake Academy(the "Academy")that the administration of its funds and the investment of those funds shall be handled as its highest public trust. Investments shall be made in a manner which will provide the maximum security of principal invested through limitations and diversification while meeting the daily cash flow needs of the Academy and conforming to all applicable state and Academy statutes governing the investment of public funds. The receipt of a market rate of return will be secondary to the requirements for safety and liquidity. It is the intent of the Academy to be in complete compliance with local law and the Texas Public Funds Investment Act(the "Act",Texas Government Code 2256). The earnings from investments will be used in a manner that best serves the public trust and interests of the Academy. II. SCOPE This Investment Policy applies to all the financial assets and funds held of the Academy. Any new funds created by the Academy will be managed under the provisions of this Policy unless specifically exempted by the Academy Board of Trustees and this Policy. III. OBJECTIVES AND STRATEGY It is the policy of the Academy that all funds shall be managed and invested with four primary objectives, listed in order of their priority:safety, liquidity, diversification and yield. These objectives encompass the following. • Safety of Principal-Safety of principal is the foremost objective of the Academy. Investments shall be undertaken in a manner that seeks to insure the preservation of capital in the overall portfolio.The suitability of each investment decision will be made on the basis of safety. • Liquidity-The Academy's investment portfolio will remain sufficiently liquid to enable it to meet all operating requirements which might be reasonably anticipated. Investment decisions will be based on cash flow analysis of anticipated expenditures. • Diversification - Diversification is required in the portfolio's composition. Diversification will include diversification by maturity and market sector and will include the use of a number of broker/dealers or banks for diversification and market coverage. Competitive bidding will be used on each sale or purchase. • Yield -The Academy's investment portfolio shall be designed with the objective of attaining a reasonable market yield, considering the Academy's risk constraints and cash flow needs. A reasonable market yield for the portfolio will be defined as the six-month (180 day) U.S.Treasury Bill which compares to the portfolio's maximum weighted average maturity of six months. 99 INVESTMENT POLICY The authorized investment purchased will be of the highest credit quality and marketability supporting the objectives of safety and liquidity. Securities, when not matched to a specific liability, will be short term to provide adequate liquidity. The portfolio shall be diversified to protect against market and credit risk in any one sector. The maximum weighted average maturity of the portfolio will be no more than 180 days and the maximum stated maturity of any security will not exceed two years. The funds are combined for investment purposes but the unique needs of all the funds in the portfolio are recognized and represented. Effective cash management is recognized as essential to good fiscal management. Cash management is defined as the process of managing monies to ensure maximum cash availability. The Academy shall maintain a cash management program which includes timely collection of accounts receivable, prudent investment, disbursement of payments within invoice terms and the management of banking services. IV. LEGAL LIMITATIONS, RESPONSIBILITIES AND AUTHORITY Specific investment parameters for the investment of public funds in Texas are stipulated in the Public Funds Investment Act, Chapter 2256,Texas Government Code, (the "Act"). The Act is attached as Exhibit A. The Public Funds Collateral Act, Chapter 2257,Texas Government Code, specifies collateral requirements for all public funds deposits. The Collateral Act is attached as Exhibit B. The Interlocal Cooperation Act, Chapter 791,Texas Government Code, authorizes local governments in Texas to participate in a Texas investment pool established thereunder. V. DELEGATION OF INVESTMENT AUTHORITY The Finance Director of the Town of Westlake, acting on behalf of the Board of Trustees, is designated as the Investment Officer of the Academy and is responsible for all investment management decisions and activities. The Board of Trustees is responsible for considering the quality and capability of staff, investment advisors, and consultants involved in investment management and procedures. All participants in the investment process shall seek to act responsibly as custodians of the public trust. The Investment Officer shall develop and maintain written administrative procedures for the operation of the investment program which are consistent with this Investment Policy. Procedures will include safekeeping, wire transfers, banking services contracts, and other investment related activities. The Investment Officer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials and staff. The Investment Officer shall designate a staff person as a liaison/deputy in the event circumstances require timely action and the Investment Officer is not available. 100 INVESTMENT POLICY No officer or designee may engage in an investment transaction except as provided under the terms of this Policy and the procedures established by the Investment Officer and approved by the Superintendent. VI. PRUDENCE The standard of prudence to be used in the investment function shall be the "prudent person" standard and shall be applied in the context of managing the overall portfolio. This standard states: "Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the expected income to be derived." • Limitation of Personal Liability-The Investment Officer and those delegated investment authority, when acting in accordance with the written procedures and this Policy and in accord with the Prudent Person Rule, shall be relieved of personal liability in the management of the portfolio provided that deviations from expectations for a specific security's credit risk or market price change are reported in a timely manner and that appropriate action is taken to control adverse market effects. VII. INTERNAL CONTROLS The Investment Officer shall establish a system of written internal controls which will be reviewed annually with the independent auditor of the Academy. The controls shall be designed to prevent loss of public funds due to fraud, employee error, and misrepresentation by third parties, or imprudent actions by employees of the Academy. VIII. AUTHORIZED INVESTMENTS Acceptable investments under this policy shall be limited to the instruments listed below. The choice of high-grade government investments and high-grade, money market instruments are designed to assure the marketability of those investments should liquidity needs arise. • Obligations of the United States Government, its agencies and instrumentalities, not to exceed two (2)years to stated maturity and excluding mortgage backed securities; • Fully insured or collateralized certificates of deposit from a bank doing business in the State of Texas and under the terms of a written depository agreement with that bank, not to exceed one year to stated maturity; • No-load, SEC registered money market mutual funds. No more than 80%of the entity's monthly average balance may be invested in money market funds and; • Constant dollar,AAA-rated Texas Local Government Investment Pools as defined by the Public Funds InvestmentAct. 101 INVESTMENT POLICY If additional types of securities are approved for investment by public funds by state statute,they will not be eligible for investment until this Policy has been amended and the amended version adopted by the Board of Aldermen. • Delivery versus Payment-All investment security transactions shall be conducted on a delivery versus payment(DVP) basis to assure that the Academy has control of its assets and/or funds at all times. IX. AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS Securities broker/dealers may be primary or regional broker/dealers and will meet other criteria as determined by the Investment Officer including state registration and completion of an Academy Broker/Dealer questionnaire (attached as Exhibit D). The following criteria must be met by authorized firms. • annual provision of an audited financial statement, • proof of certification by the National Association of Securities Dealers (NASD) • proof of current registration with the Texas State Securities Commission, and • completion of the Academy's broker/dealer questionnaire. Every bank and broker/dealer with whom the Academy transacts business will be provided a copy of this Investment Policy to assure that they are familiar with the goals and objectives of the investment program. The firm will be required to return a signed copy of the Certification Form certifying that the Policy has been received and reviewed and only those securities approved by the Policy will be sold to the Academy. X. DIVERSIFICATION AND MATURITY LIMITATIONS It is the policy of the Academy to diversify its investment portfolio. Invested funds shall be diversified to minimize risk or loss resulting from over-concentration of assets in a specific maturity, specific issuer, or specific class of securities. Diversification strategies shall be established and periodically reviewed. XI. SAFEKEEPING AND COLLATERALIZATION The laws of the State and prudent treasury management require that all purchased securities be bought on a delivery versus payment(DVP) basis and be held in safekeeping by either an approved, independent third party financial institution or the Academy's designated depository. Securities Owned by the Academy-All safekeeping arrangements shall be approved by the Investment Officer and an agreement of the terms executed in writing. The safekeeping bank may not be within the same holding company as the bank from which the securities are purchased.The custodian shall be required to issue original safekeeping receipts to the Academy listing each specific security, rate, description, maturity, cusip number, and other pertinent information. Collateral-Collateralization shall be required on all bank time and demand deposits for principal and accrued interest amounts over the FDIC insurance coverage of$100,000 (by tax identification number). In order to anticipate market changes and provide a level of additional security for all funds, collateral with a market value equal to 102%of the total deposits are required. The pledging bank will always be made contractually liable for monitoring and maintaining the 102 INVESTMENT POLICY collateral levels . All collateral will be held by an independent third-party bank outside the holding company of the bank, pledged to the Academy. Authorized collateral will include only: • Obligations of the US Government, its agencies and instrumentalities to include mortgage backed securities which pass the bank test, • Municipal obligations rated at least A by two nationally recognized rating agencies. The custodian shall be required to provide original safekeeping receipts clearly marked that the security is pledged to the Academy. XII. REPORTING The Investment Officer shall submit quarterly reports to the Board of Trustees containing sufficient information to permit an informed outside reader to evaluate the performance of the investment program and in full compliance with the Act. At a minimum the report shall contain: • Beginning and ending market value of the portfolio by market sector and total portfolio • Beginning and ending book value of the portfolio by market sector and total portfolio • Change in market value during the period • Detail on each asset(book, market, description, par ad maturity date) • Earnings for the period • Overall weighted average maturity of the portfolio The report will be prepared jointly by all involved in the investment activity and be signed by the Investment Officer. It will contain all elements as required by the Act and be signed by the Investment Officers as in compliance with the Act and this Policy. Market prices for assignment of market values will be obtained from an independent source. XIII. DEPOSITORIES The Academy will designate one banking institution through a competitive process as its central banking services provider at least every five years. This institution will be used for normal banking services including disbursements, deposits, and safekeeping of Academy owned securities. Other banking institutions from which the Academy may purchase only certificates of deposit will also be designated as a depository. All banking arrangements will be in written form in accordance with FIRREA which requires a resolution of approval of the agreement by the Bank Council or Bank Loan Committee. XIV. INVESTMENT POLICY ADOPTION BY BOARD The Academy's Investment Policy and its incorporated strategies shall be adopted by resolution annually by the Board.The approval and any changes made to the Policy will be noted in the approving resolution. 103 FISCAL AND BUDGETARY POLICIES I. STATEMENT OF PURPOSE The broader intent of the following Fiscal and Budgetary Policy Statements is to enable the Academy to achieve a long-term stable and positive financial condition. The watchwords of the Academy's financial management include integrity, prudent, stewardship, planning, accountability, and full disclosure. The more specific purpose is to provide guidelines to the Finance Director in planning and directing the Academy's day-to-day financial affairs and in developing recommendations to the Academy Superintendent or his designate and Academy Board of Trustees. The scope of these policies generally span, among other issues, accounting, purchasing, auditing,financial reporting, internal controls, operating budgeting, revenue management, cash and investment management, expenditure control, asset management, debt management, and planning concepts,to: • Present fairly and with full disclosure the financial position and results of the financial operations of the Academy in conformity with generally accepted accounting principles (GAAP), and • Determine and demonstrate compliance with finance related legal and contractual issues in accordance with provisions of the Texas Local Government Code and other pertinent legal documents and mandates. The Academy Board of Trustees will annually review and approve the Fiscal and Budgetary Policy Statements as part of the budget process. II. SUMMARY OF POLICY INTENDED OUTCOMES This policy framework mandates pursuit of the following fiscal objectives: 1. Operating Budget: Prepare conservatively, estimate revenues, present and adopt the Academy's annual operating plan. 2. Revenues Management: Design, maintain and administer a revenue system that will assure a reliable, equitable, diversified and sufficient revenue stream to support desired Academy services. 3. Expenditure Control: Identify priority services, establish appropriate service levels and administer the expenditure of available resources necessary to assure fiscal stability and the effective and efficient delivery of services. 4. Fund Balance: Maintain the fund balance of the various operating funds at levels sufficient to protect the Academy's creditworthiness as well as its financial position from emergencies. S. Intergovernmental Relationships: Coordinate efforts with other agencies to achieve common policy objectives, share the cost of providing governmental services on an equitable basis and support favorable legislation at the State and Federal level. 6. Grants: Seek, apply for and effectively administer Federal, State, and foundation grants-in-aid which address the Academy's current priorities and policy objectives. 7. Fiscal Monitoring: Prepare and present regular reports that analyze, evaluate, and forecast the Academy's financial performance and economic condition. 104 FISCAL AND BUDGETARY POLICIES 8. Financial Consultants: With available resources, seek out and employ the assistance of qualified financial advisors and consultants in the management and administration of the Academy's financial functions. 9. Accounting,Auditing,and Financial Reporting: Comply with prevailing Federal, State and local statues and regulations. Conform to generally accepted accounting principles as promulgated by the Government Accounting Standards Board (GASB),the American Institute of Certified Public Accountants (AICPA), and the Government Finance Officers Association (GFOA). 10. Internal Controls:To establish and maintain an internal control structure designed to provide reasonable assurances that the Academy's assets are safeguarded and that the possibilities for material errors in the Academy's financial records are minimized. III. OPERATING BUDGET 1. Preparation—Budgeting is an essential element of the financial planning, control, and evaluation process. The "operating budget" is the Academy's annual financial operating plan related to educational service instructional costs. The Academy operating budget is legally required to include the Academy's General, Debt Service, and Food Service Funds. Currently, Westlake Academy only has one fund,the General Fund, which must be legally adopted annually. The Academy budgets the Special Revenue Funds for informational purposes only. Information to be prepared includes documentation related to Service Level Adjustments (SLAs)for increases to existing service levels or additional services, position control schedules, general and administrative cost implications, etc. will be submitted and reviewed during the budget process. SLA's related to new position requests will include an assessment of their impact on additional internal services necessary to support these positions as it relates to General &Administrative (G&A) charges in the Academy budget(subject to funding availability)to fund these costs. A budget preparation calendar and timetable will be established and followed in accordance with State law. 2. Revenue Estimates for Budgeting-To maintain a stable level of services,the Academy shall use a conservative,objective,and analytical approach when preparing revenue estimates.The process shall include analysis of probable economic changes and their impacts on revenues, number of students, and trends in revenues. It will also include an assessment of the State legislative environment related to public charter school funding levels. This approach should reduce the likelihood of actual revenues falling short of budget estimates during the year and should avoid mid-year service reductions. 3. Balanced Budget—A balanced budget is a budget with total expenditures not exceeding total revenues and monies available in the fund balance within an individual fund. 4. Proposed Budget Content and Process—A proposed budget shall be prepared by the Superintendent or his designate with the participation of the Academy's Leadership Team, Finance Director and Academy staff, and then submitted to the Superintendent for review. Following the Superintendent's review,the proposed budget will be presented to the Board for its consideration. 105 FISCAL AND BUDGETARY POLICIES The proposed budget shall include five basic segments for review and evaluation: • personnel costs, • base budget for operations and maintenance costs, • service level adjustments for increases of existing service levels or additional services, • revenues, and • General Administrative (G&A) costs. The proposed budget review process shall include Board of Trustees review of each of the five segments of the proposed budget and a public hearing to allow for citizen participation in the budget preparation process. Concurrent with the Academy budget preparation,Town staff will identify and provide to the Board all direct Academy expenses contained in the Town's municipal budget. The proposed budget process shall allow sufficient time to provide review as well as address policy and fiscal issues by the Board of Trustees. A copy of the proposed budget shall be filed with the Town Secretary when it is submitted to the Board of Trustees as well as placed on the Academy's website. 5. Budget Adoption- Upon the determination and presentation of the final iteration of the proposed budget document as established by the Board of Trustees, a public hearing will be set and publicized. The Board will subsequently consider a resolution which, if adopted, such budget becomes the Academy's Annual Budget. The adopted budget will be effective for the fiscal year beginning September 1. 6. Budget Amendments—The Superintendent or his designate and Finance Department will monitor all financial operations. A school district must amend the official budget before exceeding a functional expenditure category, i.e., instruction, administration, etc. in the total budget.The budget team will decide whether to proceed with the budget amendment and, if so, will then present the request to the Board of Trustees. If the Board decides a budget amendment is necessary, the amendment is adopted in resolution format and the necessary budgetary changes are then made. 7. Planning—The budget process will be coordinated to identify major policy issues for the Board of Trustees by integrating it into the Board's overall strategic planning process for the Academy. 8. Reporting- Monthly financial reports will be prepared by the Finance Department and distributed to the Superintendent or his designate. Information obtained from financial reports and other operating reports is to be used by personnel to monitor and control the budget. Summary financial reports will be presented to the Board quarterly. IV. REVENUE MANAGEMENT A. REVENUE DESIGN PARAMETERS. The Academy will strive for the following optimum characteristics in its revenue system: 1. Simplicity-The Academy, where possible and without sacrificing accuracy, will strive to keep the revenue system simple to reduce costs, achieve transparency, and increase parent and citizen understanding of Academy revenue sources. 106 FISCAL AND BUDGETARY POLICIES 2. Certainty-A thorough knowledge and understanding of revenue sources increases the reliability of the revenue system. 3. Administration-The benefits of a revenue source will exceed the cost of administering that revenue. Every effort will be made for the cost of administration to be reviewed annually for cost effectiveness as a part of the indirect cost and cost of service analysis. 4. Equity-The Academy shall make every effort to maintain equity in its revenue system: i.e. the Academy shall seek to minimize or eliminate all forms of subsidization between entities. 5. Adequacy, Diversification and Stability—To the extent practical,the Academy shall attempt to achieve a balance in its revenue system. The Academy shall also strive to maintain a balanced and diversified revenue system to protect the Academy from fluctuations in any one source due to changes in local economic conditions which adversely impact that source. B. REVENUE CLASSIFICATION AND SOURCES. The revenues received by Westlake Academy are classified into one of three broad categories: Federal, State or Local and come from the following sources: 1. State Education Funding 2. State and Federal Grants 3. General Donations—The Academy recognizes that private donations comprise a significant part of the Westlake Academy budget. All funds received will become part of the budget and be subject to appropriation for Academy general operations. • Westlake Academy Foundation • House of Commons • Westlake Academy Athletic Club • Local Merchants • Specific Purpose Donations—Funds donated for a specific purpose C. REVENUE MONITORING. Revenues as they are received will be regularly compared to budgeted revenues and variances will be investigated. This process will be summarized in the appropriate budget report. V. EXPENDITURE CONTROL 1. Appropriations—The point of budgetary control is at the function level in the General Fund and Special Revenue Funds. When budget adjustments among functions are necessary,they must be approved by the Board of Trustees. 2. Current Funding Basis-The Academy shall operate on a current funding basis. Expenditures shall be budgeted and controlled so as not to exceed current revenues plus the planned use of fund balance accumulated through prior year savings. (The use of fund balance shall be guided by the Fund Balance/Retained Earnings Policy Statements.) 3. Avoidance of Operating Deficits-The Academy shall take immediate corrective actions if at any time during the fiscal year expenditure and revenue re-estimates are such that an operating deficit (i.e., projected expenditures more than projected revenues) is projected at year-end. Corrective actions can include a hiring freeze, expenditure reductions, or use of fund balance within the Fund. 107 FISCAL AND BUDGETARY POLICIES Use of fund balance must be recommended by the Superintendent and approved by the Board of Trustees. • Expenditure deferrals into the following fiscal year, short-term loans, or use of one-time revenue sources shall be avoided to balance the budget. • All service level adjustments that result in increases to the operating budget must be aligned with offsetting increases in operating revenues(FSP, Local Sources, etc.). 4. Periodic Program Reviews-The Superintendent or his designate shall undertake periodic staff and third-party reviews of Academy programs for both efficiency and effectiveness. Where appropriate, privatization and contracting with other governmental agencies will be evaluated as alternative approaches to service delivery. Service delivery which is determined to be inefficient and/or ineffective shall be reduced in scope or eliminated. 5. General and Administrative(G&A)Charges—To the extent practical, an annual analysis of G&A charges will be performed and, if available,funding may be allocated at the Board's discretion. The analysis shall involve an objective consideration of the service demands currently being met by municipal staff to support Academy operations and a determination of factors that will continue to affect and increase the time needed for the performance of these services. For example, new Academy staff requires additional support staff time to perform tasks related to insurance, payroll, etc. Where feasible, G&A costs will be charged to all funds for services of indirect general overhead costs, which may include general administration,finance,facility use, personnel,technology, engineering, legal counsel, and other costs as deemed appropriate. If funding is not available,these costs will be shown below the line of the financial statement in the five-year financial forecast to promote transparency and provide the Board with a full cost accounting of services. The charges will be determined through an indirect cost allocation study following accepted practices and procedures. 6. Purchasing-The Academy shall make every effort to maximize any discounts offered by creditors/vendors. Staff shall also use purchasing cooperatives as well as competitive bidding in accordance with State law to attain the best possible price on goods and services. 7. Prompt Payment-All invoices will be paid within 30 days of receipt in accordance with the prompt payment requirements of State law. 8. Salary-The Academy shall strive to maintain competitive salary levels for faculty and staff. A salary survey will be conducted annually, sampling surrounding Independent School Districts and Charter Schools,to create a comparison. The Academy will strive to maintain salary levels within three percent(3%) of the median of surveyed schools. VI. FUND BALANCE 1. Fund Balance Reporting-The District shall report governmental fund balances per GASB 54 definitions in the balance sheet as follows: Non-spendable, Restricted, Committed,Assigned, and Unassigned. 108 FISCAL AND BUDGETARY POLICIES 2. General Fund Unassigned Fund Balance(General Fund Reserve)-The Academy shall strive to maintain the General Fund unassigned fund balance at 45 days of operation. 3. Use of Fund Balance- Fund Balance will be targeted to only be used with Board approval and can be only be used for the following: emergencies, non-recurring expenditures, such as technology/FF&E (furniture,fixtures and equipment), or major capital purchases that cannot be accommodated through current year savings. Should such use reduce the balance below the appropriate level set as the objective for that fund, recommendations will be made on how to restore it. 4. The Board of Trustees shall approve all commitments by formal action. The action to commit funds must occur prior to fiscal year-end,to report such commitments in the balance sheet of the respective period, even though the amount may be determined after fiscal year-end. A commitment can only be modified or removed by the same formal action.The Board of Trustees delegates the responsibility to assign funds to the Superintendent or his/her designee. The Board of Trustees shall have the authority to assign any number of funds. Assignments may occur after fiscal year-end. S. The Board of Trustees will utilize funds in the following spending order: Restricted, Committed, Assigned, and Unassigned. VII. INTERGOVERNMENTAL RELATIONSHIPS 1. Inter-local Cooperation in Delivering Services-To promote the effective and efficient delivery of services,the Academy shall actively seek to work with other local entities in joint purchasing consortium, sharing facilities, sharing equitably the costs of service delivery, and developing joint programs to improve service to its students. 2. Legislative Program-The Academy shall cooperate with other entities to actively oppose any state or federal regulation or proposal that mandates additional Academy programs or services and does not provide the funding to implement them. Conversely, as appropriate,the Academy shall support legislative initiatives that provide additional funding. VIII. GRANTS 1. Grant Guidelines-The Academy shall apply, and facilitate the application by others,for only those grants that are consistent with the objectives and high priority needs previously identified by Academy Board of Trustees.The potential for incurring ongoing costs,to include the assumption of support for grant funded positions from local revenues, will be considered prior to applying for a gra nt. 2. Grant Review-All grant submittals shall be reviewed for their cash match requirements,their potential impact on the operating budget, and the extent to which they meet the Academy's policy objectives. If there are cash match requirements,the source of funding shall be identified prior to application. Staff will focus on one-time grants to avoid long-term implications related to additional expenditures in future years. 109 FISCAL AND BUDGETARY POLICIES 3. Grant Program Termination-The Academy shall terminate grant funded programs and associated positions when grant funds are no longer available unless alternate funding is identified and obtained. IX. FISCAL MONITORING 1. Financial Status and Performance Reports-Quarterly reports comparing expenditures and revenues to current budget, noting the status of fund balances to include dollar amounts and percentages, and outlining any remedial actions necessary to maintain the Academy's financial position shall be prepared for review by the Superintendent and the Board of Trustees. Student roster information will also be included in the quarter reports submitted to the Board of Trustees. 2. Compliance with Board Policy Statements-The Fiscal and Budgetary Policies will be reviewed annually by the Board of Trustees and updated, revised or refined as deemed necessary. Policy statements adopted by the Board of Trustees are guidelines, and occasionally, exceptions may be appropriate and required. However, exceptions to stated policies will be specifically identified, and the need for the exception will be documented and fully explained. X. FINANCIAL CONSULTANTS The Academy employs the assistance of qualified financial advisors and consultants as needed in the management and administration of the Academy's financial functions.These areas include but are not limited to investments, debt administration,financial accounting systems, program evaluation, and financial impact modeling.Advisors shall be selected on a competitive basis using objective questionnaires and requests for proposals based on the scope of the work to be performed. XI. ACCOUNTING, AUDITING, AND FINANCIAL REPORTING 1. The Academy strives to comply with prevailing local, state, and federal regulations relative to accounting, auditing, and financial reporting. Accounting practices and financial reporting shall conform to generally accepted accounting principles as promulgated by the Governmental Accounting Standards Board (GASB),the American Institute of Certified Public Accountants, (AICPA), and the Government Finance Officers Association (GFOA).The Board shall select an independent firm of certified public accountants to perform an annual audit of all operations. Required Texas Education Agency(TEA) account coding will be used for all revenue and expenditure reporting. 2. Accounting-Currently,the Education Service Center(Region 11) books all revenues and expenditures, and prepares bank reconciliations. Academy staff is responsible for all coding and approval of expenditures and revenues. Documentation and coding of deposits are forwarded to the Town's Finance Department for review and preparation of deposit slips. Town's Finance Director and staff are responsible for review and transfer of invoices and other documentation to the Service Center for processing as well as the physical deposit of funds. It is the responsibility of the Superintendent or his designate and Academy staff to review the monthly reports for any discrepancies and report to the Town's Finance Director for analysis and re-class of questioned bookings, if appropriate. 110 FISCAL AND BUDGETARY POLICIES 3. External Auditing-Academy will be audited annually by outside independent accountants (auditors). The auditors must be a CPA firm and must demonstrate significant experience in the field of local government auditing. They must conduct the Academy's audit in accordance with generally accepted auditing standards. The auditors' report on Academy's financial statements will be completed within a timely period of the Academy's fiscal year-end. The auditor will jointly review the management letter with the Academy Board of Trustees, if necessary. In conjunction with this review,the Finance Director shall respond in writing to the Academy Board of Trustees regarding the auditor's Management Letter, addressing the issued contained therein. The Academy will not require auditor rotation, but will circulate request for proposal for audit services on a periodic basis as deemed appropriate. 4. Responsibility of Auditor to Academy Board of Trustees-The auditor is retained by and is accountable directly to the Academy Board of Trustees and will have access to direct communication with the Academy Board of Trustees if the Academy Staff is unresponsive to auditor recommendations or if the auditor considers such communication necessary to fulfill its legal and professional responsibilities. 5. Internal Financial Reporting-The Finance Department will prepare internal financial reports sufficient for management to plan, monitor, and control Academy's financial affairs. XII. INTERNAL CONTROLS 1. Written Procedures-Whenever possible, written procedures will be established and maintained by the Finance Director and utilized by all Academy personnel for all functions involving purchasing, cash handling and/or accounting throughout the Academy. These procedures will embrace the general concepts of fiscal responsibility set forth in this policy statement. 2. Academy Staff Responsibilities-The Superintendent or his designate, in consultation with the Finance Director, will be responsible for ensuring that appropriate internal controls are followed throughout the Academy,that all directives or internal controls are implemented, and that all independent auditor internal control recommendations are addressed. Staff will develop and periodically update written internal control procedures. XIII. ASSET MANAGEMENT 1. Investments—The Finance Director shall promptly invest all Academy funds with the depository bank in accordance with the provisions of the current Bank Depository Agreement or in any negotiable instrument authorized by the Academy Board of Trustees. The Academy Board of Trustees has formally approved a separate Investment Policy for Westlake Academy that meets the requirements of the Public Funds Investment Act(PFIA), Section 2256 of the Texas Local Government Code. The Academy's investment practices will be conducted in accordance with this policy.The Finance Director will issue quarterly reports on investment activity to the Academy Board of Trustees. 111 FISCAL AND BUDGETARY POLICIES 2. Cash Management-Academy's cash flow will be managed to maximize the cash available to invest. Such cash management will entail the centralization of cash collections, where feasible, including field trips, and other collection offices as appropriate. Periodic review of cash flow position will be performed to determine performance of cash management and conformance to investment policies. The underlying theme will be that idle cash will be invested with the intent to (1) safeguard assets, (2) maintain liquidity, and (3) maximize return. 3. Capital Assets and Inventory-Such assets will be reasonably safeguarded, properly accounted for and prudently insured. The capital assets inventory will be updated regularly. 4. Capital Assets—Currently all capital assets of Westlake Academy are owned and purchased by the Town of Westlake. In subsequent years, additional asset purchases may be paid with Westlake Academy funds. S. Capitalization Criteria—For purposes of budgeting and accounting classification, the following criteria must be capitalized: ■ The asset is owned by Westlake Academy ■ The expected useful life of the asset must be longer than one year, or extend the life on an identifiable existing asset by more than one year ■ The original cost of the asset must be at least$5,000 ■ The asset must be tangible ■ On-going repairs and general maintenance are not capitalized ■ New Purchases—All costs associated with bringing the asset into working order will be capitalized as a part of the asset cost. This includes startup costs, engineering or consultant type fees as part of the asset cost once the decision or commitment to purchase the asset is made. The cost of land acquired should include all related costs associated with its purchase ■ Improvements and Replacement—Improvement will be capitalized when they extend the original life of an asset or when they make the asset more valuable than it was originally. The replacement of assets components will normally be expensed unless they are a significant nature and meet all the capitalization criteria. 6. Computer System/Data Security—The Academy shall provide security of its computer/network system and data files through physical and logical security systems that will include, but are not limited to: network user authentications, firewalls, content filtering, spam/virus protection, and redundant data backup. 112 RISK MANAGEMENT Westlake Academy is insured through the private market for property, liability, and workers' compensation coverage. • Bids for all insurance programs are obtained on an annual basis, and selection is based on price, quality of coverage, financial strength of carrier(s), and level of service provided by brokers. • Property and Workers' Compensation coverage is underwritten through Travelers Insurance. • General liability, auto, crime, and umbrella coverage is provided by Utica. The Academy also has obtained specialized policies for student accident and international travel. These policies are carefully selected to meet the needs of our operations and for the 2020-2021 school year. • Westlake Academy has a combined insurable property value of$48,516,000. • This is a blanket policy, inclusive of contents and business income coverage. • Three buses are insured on the automobile policy. • Student data indicates 855 students will be enrolled for the 2020-2021 school year, a 0.45% decrease of 4 students from the prior year. Insurance Coverage Summary(September 1, 2020—August 31, 2021) Insurance Type Provider Amount Commercial Property Travelers $ 88,080 Workers Compensation Travelers 29,883 Crime Travelers 2,850 General Liability (Education Suite) Utica 14,429 Umbrella— Liability Utica 6,996 Business Auto Utica 4,004 Student Accident Allen J. Flood 5,943 International Travel Chubb 2,000 $ 154,185 113 FUTURE POLICIES TO BE DISCUSSED & IMPLEMENTED Westlake Academy has several relevant financial policies to preserve and enhance the fiscal health of the Academy. We also identify acceptable and unacceptable courses of action, and provide a standard to evaluate the school's fiscal performance. GFOA is recommending that all school districts include the following policies that guide the development of their budget and that are central to a strategic long-term approach to financial management. Westlake Academy is in the process of reviewing these policies. 1. Operating Budget Policy This section of the Fiscal and Budgetary Policies should include the following policies that guide the development of the budget and are central to a strategic approach to our financial management. These components will need to be reviewed, updated if necessary, and/or added and approved by the Board of Trustees in subsequent years. 1. Basis of Budgeting 2. Budget Adoption 3. Budget Classification and Format 4. Organization of the Budget 5. Budget Message Requirement 6. Funds Budgeted 7. Length of the Budget Year - 8. Presentation of Proposed Budget 9. Revenue Forecasting Requirements 10. Expenditure Forecasting Requirements 11. Performance Measurements 12. Line-Item Transfer Authority i 13. Retention of Budget Records 2. Budget Crisis Procedures This policy is intended to provide Westlake Academy with options when responding to unexpected fiscal issues that can and do arise. Should budget problems materialize,these procedures will support comprehensive risk analysis and contingency plans. 3. Long Term Forecasting The annual operating budget focuses on a single 12-month period. However, spending and revenue decisions made today have effects that extend beyond a 12-month period. The purpose of this policy is to o Ensure on-going financial sustainability beyond a single fiscal year or budget cycle o Achieve the Academy's mission and vision o Systematically link the annual budget to a multi-year master financial plan. 114 FUTURE POLICIES TO BE DISCUSSED & IMPLEMENTED 4. Reserve Policy in Other Funds While the General Fund Reserve is the most important for the Westlake Academy, reserves in other funds are just as important. For that reason,the funds listed in this policy shall have reserves that are restricted or committed for specific purposes. 5. General Fund Budget Reserves The General Fund is the primary fund used by the Westlake Academy to account for revenues and expenditures. Accordingly,the General Fund Reserve Policy is intended to provide the Academy with options when responding to unexpected issues and to afford a buffer against shocks and other forms of risk. One of two things must happen in the future if we cannot spend equal to or less than the revenues received: (1) increase future revenues (2) make future expenditure reductions. 6. Capital Asset Management (already incorporated into the Fiscal and Budgetary Policies) Westlake Academy operates an extensive amount of buildings, equipment,furniture and vehicles. The purpose of this policy is to: o provide a management framework to ensure that all capital assets are repaired, maintained and replaced and, o identify the responsible parties who shall protect, oversee and report needed repairs. ,E�d wRrtra ��S PRO�EM ��� SEYICES i,y�•,qpE p��N fRpMEWdRk 6EST pfCfiLAi:04 OISC�VERE� CON�YCf QECPROS �1 hAH6E HE�WURK �:�.��;<< PHY'S�[b_PRIYACt FIHANCIAL ��;iEI�i„ °�M?AN• PdAT MEA$I� �PPLICATIONS upo�rE�������kFtili'�i PROYIDE �t OPfRkiIBNS s���E C�NTI N U ITY '"°°�' , , , PROCE��RES VULHERABILIn '-� '�""�'`p='p�/ou�s wuKH�ssEs �IlQ4LJJ F[aio�M �. � IHfORMATIOH p��A E%i.11i�l4� ACC0�911SICE qISASTE�s�TF EYENi REOIiIRENENTS OFIERNINE �FIREa � ����� ������ EIpIYENiE�CLIEIf10RGANIIATI��I GEHEASRED �b�kESSE� FIRE1N14LL COMPIITE�ACCESS p�ac� r�f�os QUD�TURS HELF PRACTiCES ��`"'` FINDlNGS IHTE�H�L MiAStlRd&LE INCf�EN�S , , 1COlS WHIpOLS� �� �� 6EF�E31dES CORSISiENT �HALYSi; PRE�AIUS C�MMEIIi�M� hCNNICAI HISi�klC�ll ���I���� fC3vdl OPfAAfINC C4YfB otiEk4fwRHAL lSSETS EkdM�NE kALvIABE A�S'kERSfF#ECTiPE t 9AIEf1X6 MEENICS Si�VFF F�I1GN' DAIIT 115 � I � ;., . , ,., ,. ,. ,. 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( {.r �,�r.�� :.� , ,�ih; � a{`',r,..�.Y, '��°� �'� ; .;,� �. .. ; � , �� :�. .:L�+�.,..,,r; "S;a:�'���.'V......, ���� � , . ,,, , . �I�'I':�'! .e..���7,�a�4. Tl�is -page is intentiona��y b�anl� �'F _s,; . ..i. ;y��TM ':s::P� .�::..�:u;S�Se:-.r ..._�,.a.�;_�x-..� - - 'P. .y... -�� 117 GLOSSARY This glossary contains definitions of terms used in this document with additional terms as seems necessary to common understandings concerning financial accounting procedures for schools. Several terms which are not primarily financial accounting terms have been included because of their significance for school financial accounting. • Account: A descriptive heading under which are • ADA: Average Daily Attendance is based on the recorded financial transactions that are similar in number of days of instruction in the school year. terms of a given frame of reference, such as The aggregate day's attendance is divided by the purpose, object or source. number of days of instruction to compute average daily attendance. ADA is used in the formula to • Accounting Period: A period of the end of which, distribute funding to Texas public school districts. and for which,financial statements are prepared; for example, September 1 through August 31. See � Administration: Those activities which have as also FISCAL PERIOD. their purpose the general regulation, direction, and control of the affairs of the local education agency • Accounting Procedure: The arrangement of all that are system-wide and not confined to one processes which discover, record, and summarize school subject, or narrow phase of school activity. financial information used to produce financial statements and reports and to provide internal • Appropriation: An authorization granted by a control. legislative body to make expenditures and to incur obligations for specific purposes. An appropriation • Accounting System: The total structure of records is usually limited in amount and as to the time and procedures which discover record, classify and when it may be expended. report information on the financial position and operations of a school district or any of its funds, • Academic Excellence Indicators System (AEIS): A balanced account groups, and organizational system of indicators established by the Legislature components. and adopted by the State Board of Education to help determine the quality of learning on a campus • Accrual Basis of Accounting: The basis of and in a school district.The indicators include accounting, under which revenues are recorded passing rates on the state assessment tests, when earned, and expenditures are recorded as attendance,graduation rates, dropout rates, and soon as they result in liabilities, regardless of when scores on college entrance exams.The state will revenue is received or a payment is made. assess district and school performance compared with state-level standards. AEIS is the foundation • Accrue:To record revenues when earned or when for a school district's accountability rating. levies are made and to record expenditures as soon as they result in liabilities, regardless of when the • Accountability Ratings: The Accountability Ratings revenue is received or the payment is made. System ranks campuses and districts as exemplary, Sometimes,the term is used in a restricted sense to recognized, acceptable, and low performing based denote the recording of revenues earned but not on the percentage of students who pass the state yet due, such as accrued interest on investments assessment instruments and the dropout rate. and the recording of expenditures which result in liabilities that are payable in another accounting • Assigned Fund Balance: Reports amount that are period, such as accrued interest on bonds. constrained by the government's intent that they will be used for specific purposes. Decision making 118 GLOSSARY This glossary contains definitions of terms used in this document with additional terms as seems necessary to common understandings concerning financial accounting procedures for schools. Several terms which are not primarily financial accounting terms have been included because of their significance for school financial accounting. about these amounts may be made by a committee • Budget: A plan of financial operation embodying an or other governmental official. Compared to estimate of proposed expenditures for a given Committed Fund Balance,the resources period or purpose and the proposed means of represented by the Assigned Fund Balance can be financing them.The budget usually consists of three more easily redeployed and the constraints are not parts.The first part contains a message from the as stringent. Except for the General Fund, fund budget-making authority together with a summary balance amounts that are not labeled as non- of the proposed expenditures and the means of spendable, restricted or committed would be financing them.The second part is composed of reported in the Assigned Fund Balance category. drafts of the appropriation, revenue, and borrowing Therefore,the Assigned Fund Balance becomes the measures necessary to put the budget into effect. residual amount for the Special Revenue Fund, The third part consists of schedules supporting the Capital Project Fund and Debt Service Funds. summary.These schedules show in detail the proposed expenditures and means of financing • Association of School Business Officials them together with information as to past years' International (ASBO): The Association of School actual revenues and expenditures and other data Business Official' International, founded in 1910, is used in making the estimates. a professional association which provides programs and services to promote the highest standards of . Budgetary Control: The control management of school business management practices, the business affairs of the school district in professional growth, and the effective use of accordance with an approved budget with a educational resources. responsibility to keep expenditures within the authorized amounts. • Audit: A comprehensive review of the way the government's resources were utilized. A certified • Basic Allotment:The basic allotment is the initial or public accountant issues an opinion over the starting number that, after adjustment, is used to presentation of financial statements,tests the calculate foundation program costs and state aid controls over the safekeeping of assets and makes to school districts and charters. recommendations for improvements for where necessary. • Budgetary Basis of Accounting:The method used to determine when revenues and expenditures are • Balanced Budget: A balanced budget is a budget recognized for budgetary purposes. with total expenditures not exceeding total revenues and monies available in the fund balance . Capital Expenditures: Capital expenditures are within an individual fund. defined as charges for the acquisition at the delivered price including transportation, costs of • Balance Sheet: A summarized statement, as of a equipment, land, buildings, or improvements of given date, of the financial position of a local land or buildings,fixtures, and other permanent education agency per fund and/or all funds improvements with a value more than $5,000 and a combined showing assets, liabilities, reserves, and useful life expectancy of greater than 1 year. fund balance. 119 GLOSSARY This glossary contains definitions of terms used in this document with additional terms as seems necessary to common understandings concerning financial accounting procedures for schools. Several terms which are not primarily financial accounting terms have been included because of their significance for school financial accounting. • Career and Technical Education (CTE): The costs • Committed Fund Balance: Represents amounts incurred to evaluate, place and provide educational that have internally imposed restrictions mandated and/or other services to prepare students for by formal action of the government's highest level gainful employment, advanced technical training or of decision-making authority. The committed for homemaking. This may include apprenticeship amounts cannot be redeployed for other purposes and job training activities. unless the same type of formal action is taken by the highest level of decision-making authority to • Classification, Function: A function represents a reserve or modify the previously imposed general operational area in a school district and restriction. groups together related activities; for example, instruction, campus administration, maintenance • Comprehensive Annual Financial Report (CAFR): A and operations, etc. financial report that encompasses all funds and component units of the government.The CAFR • Classification, Object: An object has reference to should contain (a)the basic financial statements an article or service received; for example, payroll and required supplementary information, (b) costs, professional and contracted services, supplies combining statements to support columns in the and materials, and other operating expenses. basic financial statements that aggregate information from more than one fund or • Co-curricular Activities: Direct and personal component unit, and (c) individual fund statements services for public school pupils such as as needed.The CAFR is the governmental unit's interscholastic athletics, entertainments, official annual report and should contain publications, clubs, and strings, which are managed introductory information, schedules necessary to or operated by the student body under the demonstrate compliance with finance-related legal guidance and direction of an adult and are not part and contractual provisions, and statistical data. of the regular instructional program. • Cost of Education Index(CEI)or Adjustment: An • Coding: A system of numbering, or otherwise index the state uses to adjust the basic allotment to designating, accounts, entries, invoices,vouchers, account for geographic or other cost differences etc., in such a manner that the symbol used reveals beyond local school district control.The current quickly certain required information. index has not been updated since 1990. • Consultant: A resource person who aids the • Current Budget: The annual budget prepared for regular personnel through conference, and effective during the present fiscal year. demonstration, research, or other means. • Current Expenditures per Pupil: Current • Contracted Services: Labor, material and other expenditures for a given period divided by a pupil costs for services rendered by personnel who are unit of ineasure (average daily attendance, etc.) not on the payroll of the Academy. • Debt: An obligation resulting from the borrowing of money or from the purchase of goods and 120 GLOSSARY This glossary contains definitions of terms used in this document with additional terms as seems necessary to common understandings concerning financial accounting procedures for schools. Several terms which are not primarily financial accounting terms have been included because of their significance for school financial accounting. services. Debts of local education agencies include period may be a month, or a year, depending upon bonds, leases, etc. the scope of operations and requirements for managerial control and reporting. • Diploma Programme(DP): A challenging two-year curriculum for students in grades 11 and 12 that • Fiscal Year: A twelve-month period to which the provides an inquiry-based, college preparatory annual budget applies and at the end of which a education. By emphasizing knowledge, skills, local education agency determines its financial critical thinking and the fostering and development position and the results of its operations. The of universal human values, students learn the District's fiscal year is July 1 through June 30. valuable skills of construction and deconstruction knowledge. • Foundation School Program (FSP): A program for the support of a basic instructional program for all • Education Service Center(ESC):Twenty Texas school children. Money to support the intermediate education units located in regions program comes from the Permanent School Fund, throughout Texas that assist and provide Available School Fund, Foundation School Fund, services for local school districts. state general revenue, and local property taxes. Currently,the FSP described in the Texas Education • Estimated Revenue: This term designates the Code consists of three parts or tiers.The first tier amount of revenue expected to be earned during a provides funding for a basic program.The second given period. tier provides a guaranteed-yield system so that school districts have substantially equal access to • Expenditures: This includes total charges incurred, revenue sufficient to support an accredited whether paid or unpaid, for current expense, program.The third tier equalizes debt service capital outlay, and debt service. (Transfers requirements for existing facilities debt. between funds, encumbrances, exchanges of cash for other current assets such as the purchase • Fund: An independent fiscal and accounting entity stores and investment of cash in U.S. Bonds, with a self-balancing set of accounts recording payments of cash in settlement of liabilities already cash and/or other resources, together with all accounted as expenditures, and the repayment of related liabilities, obligations, reserves, and the principal of current loans are not considered equities which are segregated for carrying on in as expenditures.) accordance with special regulations, restrictions, or limitations. • Fiduciary Funds: Fiduciary Funds account for assets held in a trustee or agent capacity for • Fund Balance: It is the resources remaining from outside parties, including individuals, private prior years and which are available to be budgeted organizations, and other governments. in the current year. • Fiscal Period: Any period at the end of which a • General Fund: A fund group with budgetary local education agency determines its financial control used to show transactions resulting from position and the results of its operations. The operations of ongoing organizations and activities 121 GLOSSARY This glossary contains definitions of terms used in this document with additional terms as seems necessary to common understandings concerning financial accounting procedures for schools. Several terms which are not primarily financial accounting terms have been included because of their significance for school financial accounting. from a variety of revenue sources for which fund student's needs.An IEP is intended to help ensure balance is controlled by and retained for the use that disabled students have equal access to public by the local education agency. The General Fund is education in the least restrictive environment. used to finance the ordinary operations of a governmental unit except those activities required • Individuals with Disabilities Education Act(IDEA): to be accounted for in another fund. The 1997 IDEA strengthens academic expectations and accountability for the nation's • Government Finance Officers Association (GFOA): 5.4 million children with disabilities. A professional association of state/provincial and local finance officers in the United States and • International Baccalaureate Program (IB): A non- Canada and has served the public finance profit foundation whose mission is to help profession since 1906.The association's nearly students "develop the intellectual, personal, 15,000 members are dedicated to the sound emotional, and social skills to live, learn and work management of government financial resources. in a rapidly globalizing world." It was founded in 1968 and runs in over 3,000 schools in 141 • Governmental Funds: Funds generally used to countries. Its Diploma Program (DP) is designed for account for tax-supported activities.There are five high school juniors and seniors, and offers classes in different types of governmental funds: the general the same areas as traditional schools: math, fund, special revenue funds, debt service funds, science, English, foreign language, social studies, capital projects funds and permanent funds. and the arts. Additionally, students have three extra requirements: a class about the theory of • Grant: A contribution by one governmental unit to knowledge, a community service obligation, and an another.The contribution is usually made to aid in extended essay on a research topic of their choice. the support of specified function (for example,job Along the way, students complete assessments that training), but it is sometimes also for general help them prepare for the final written exams, purposes. which are graded by external examiners. Upon graduation, students earn a diploma that is • House Bill 3: School finance bill that was passed respected worldwide. by the 86t"Texas Legislature. The bill provides more money for Texas classrooms, increases • Middle Years Programme (MYP): A curriculum teacher compensation, reduces recapture and cuts framework for children in grades six through ten local property taxes for Texas taxpayers. that encourages students to make practical connections between their studies and the real • Independent Audit: An audit performed by an world. The MYP builds on the knowledge; skills independent auditor. and attitudes developed by the Primary Years Programme (PYP) and prepare the students for • Individual Education Plan (IEP): A document the demanding requirements of the Diploma required by federal law that details the special Programme (DP). education requirements for each disabled student and explains how the school intends to address the 122 GLOSSARY This glossary contains definitions of terms used in this document with additional terms as seems necessary to common understandings concerning financial accounting procedures for schools. Several terms which are not primarily financial accounting terms have been included because of their significance for school financial accounting. • Modified Accrual Basis of Accounting: Basis of granted. Other charter programs include home-rule accounting per which (a) revenues are recognized in school district charters and campus or campus the accounting period in which they become program charters. available and measurable and (b) expenditures are recognized in the accounting period in which the • Personnel, Full-Time: Academy employees who fund liability is incurred, if ineasurable, except for occupy positions with duties which require them to un-matured interest on general long-term debt and be on the job on school days throughout the school certain similar accrued obligations,which should be year, or at least the number of hours the school is recognized when due. in session. • Non-spendable Fund Balance: Includes amounts • Personnel, Part-Time: Personnel who occupy that cannot be spent and are,therefore, not positions with duties which require less than full- included in the current year appropriation. Two time service. components: 1) Not in spendable form—previously recorded disbursements and include items that are • Primary Years Programme(PYP): A curriculum not expected to be converted into cash, i.e. framework for children aged 3-12 that prepared inventories, pre-paid items, etc. and 2) Legally or students for the intellectual challenges of future contractually required to be maintained intact— education and their future careers,focusing on the refers to an amount that has been received that development of the whole child as an inquirer, both must be invested indefinitely, i.e. a donation in the classroom and in the world outside. received by the government from a citizen,the principal of which is to be invested in a permanent . Proprietary Funds: Funds that focus on the fund and the earnings used for general determination of operating income, changes in net governmental purposes. assets(or cost recovery),financial position, and cash flows.There are two different types of • Object Code: As applied to expenditures,this term proprietary funds: enterprise funds and internal has reference to an article or service received; for service funds. example, payroll costs, purchased and contracted services, materials and supplies. • Public Education Information Management System (PEIMS): A data management system that includes • Open-Enrollment Charters: Open-enrollment information on student demographics, charter schools may be established by private performance,teacher salaries, etc.The information nonprofit organizations, colleges and universities, for PEIMS is transmitted from local school districts and other governmental entities that apply to the to the Texas Education Agency by the education State Board of Education.The law authorizes the service centers. State Board to approve up to 215 open-enrollment charter schools. Law also provides for creation of . Public Information Act(PIA): PIA defines public college or university charter schools at "public information as information collected, assembled, or senior colleges and universities."There is no limit maintained under a law or about a governmental on the number of these charter schools that may be body's transaction of official business. PIA provides 123 GLOSSARY This glossary contains definitions of terms used in this document with additional terms as seems necessary to common understandings concerning financial accounting procedures for schools. Several terms which are not primarily financial accounting terms have been included because of their significance for school financial accounting. that public information must be made available to management practices and that they improve those the public upon request during the normal business practices. The system is designed to encourage hours of the district, unless an exception applies Texas public schools to better manage their that allows or requires that the information not be financial resources to provide the maximum made public. allocation possible for direct instructional purposes. • Restricted Fund Balance: Reports on resources • Special Revenue Funds: Funds that are used to that have spending constraints that are either: 1) account for funds awarded to the Academy for externally imposed by creditors, grantors, accomplishing specific educational tasks as defined contributors or laws and regulations of other by grantors in contracts or other agreements. governments, i.e. grants, etc. -or-2) imposed by law through constitutional provision or enabling • State Board for Educator Certification (SBEC): SBEC legislation.The amounts represented by this fund is a quasi-independent body that gives educators balance category have very stringent conditions more authority to govern the standards of their imposed by external parties or by law. Therefore, profession. SBEC regulates and oversees all aspects the amounts are restricted to very specific purposes of the certification, continuing education, and and cannot be redeployed for other purposes. The standards of conduct of public school educators.As government can be compelled by an external party a state agency, SBEC is responsible for certification to undertake the spending requirements testing, accountability programs for educator represented by the Restricted Fund Balance. preparation programs, and certification of teachers and administrators. • Refined ADA: Refined Average Daily Attendance is based on the number of days of instruction in the • State Board of Education (SBOE): A 15-member school year.The aggregate eligible day's body elected by general election (staggered, four- attendance is divided by the number of days of year terms)from various regions statewide to instruction to compute the refined average daily provide leadership and to adopt rules and policies attendance. See also ADA. for public education in the state.The board's primary responsibility is to manage the Permanent • School Board Authority: Statute gives local school School Fund. boards the exclusive power and duty to govern and oversee the management of the public schools. • Statutory Minimum Salary (Stat Min): HB3 Powers and duties not specifically delegated to the requires that open enrollment charter schools Texas Education Agency or the State Board of begin paying the state's contribution on the Education are reserved for local trustees. portion of a member's salary that exceeds the statutory minimum salary for members entitled • School FIRST Rating: The purpose of the financial to the minimum salary schedule and for members accountability rating system, known as the School who would be entitled to the minimum salary for Financial Integrity Rating System of Texas (FIRST), is certain school personnel under Section 21.402. to ensure that open-enrollment charter schools are held accountable for the quality of their financial 124 GLOSSARY This glossary contains definitions of terms used in this document with additional terms as seems necessary to common understandings concerning financial accounting procedures for schools. Several terms which are not primarily financial accounting terms have been included because of their significance for school financial accounting. • Teacher Retirement System (TRS):TRS delivers • Texas Education Code (TEC):This code applies to all retirement and related benefits authorized by law educational institutions supported in whole or in for members and their beneficiaries. part by state tax funds. • Technology Allotment: This allotment is part of the • Texas Essential Knowledge and Skills(TEKS): state textbook fund and can be used to purchase Subject-specific state leaning objectives adopted by electronic textbooks or technological equipment the State Board of Education.The State's academic that contributes to student leaning or teacher tests. [see Texas Assessment of Knowledge and training.The allotment is$30 per ADA. Skills (TAKS)] are aligned with the TEKS. • Texas Assessment of Academic Skills (TAAS): A • Texas Open Meetings Act(TOMA):TOMA makes state-developed test administered each year to school board meetings to discuss and decide public students in grades 3 through 8 and 10 (exit-level)to business accessible.The TOMA Decision requires determine student achievement levels on state- governmental entities to provide prior public notice established leaning objectives. Replaced by the of what is to be discussed and where and when Texas Assessment of Knowledge and Skills (TAKS) discussion will take place. Closed meetings are effective for the 2002-03 school year. permitted only when specifically authorized by law. Civil and criminal penalties can result when a board • Texas Assessment of Knowledge and Skills(TAKS): violates provisions of this act. TAKS replaces the Texas Assessment of Academic Skills (TAAS), a criterion-referenced test used in • Unassigned Fund Balance:The residual fund Texas schools for 12 years.TAKS began in spring balance for the General Fund. It represents the 2003,with tests in reading in grades 3 through 9; amount of fund balance remaining after allocation language arts in grades 10 and 11; mathematics in to the Non-spendable, restricted, committed and grades 3 through 11.The 11th grade exit-level test assigned fund balances. This amount reflects the will assess English III, algebra I, geometry, biology, resources that are available for further integrated chemistry and physics, early American appropriation and expenditure for general and U.S. history,world geography, and world governmental purposes. history.TAKS will be a more challenging examination for Texas students, per the results of • Weighted Students in Average Daily Attendance field tests. (WADA): In Texas, students with special educational needs are weighted for funding • Texas Education Agency(TEA):The administrative purposes to help recognize the additional costs of and regulatory unit for the Texas public education educating those students.Weighted programs system managed by the commissioner of education. include special education, career and technical, TEA is responsible for implementing public bilingual, gifted and talented, and compensatory education policies as established by the Legislature, education.A weighted student count is used to State Board of Education, and commissioner of distribute guaranteed-yield funding and establish education. Chapter 41 thresholds. 125 ACRONYMNS � - TERM STANDS FOR TERM STANDS FOR ACCT Account � GL General Ledger ADA Average Daily Attendance � GO'S General Obligation Bonds AEIS Academic Excellence Indicators System � HR Human Resources AP Accounts Payable ' IB International Baccalaureate Program AR Accounts Receivable ' IEP Individual Education Plan ASBO Association of School Business Officials ' IDEA Individuals with Disabilities Education Act BS Balance Sheet IT Information Technology CAFR Comprehensive Annual Financial Report ' LTL Long-term Liability CEI Cost of Education Index 7 MYP Middle Years Programme CIP Capital Improvement Plan , PIA Public Information Act CO'S Certificates of Obligations ' PYP Primary Years Programme CPA Certified Public Accountant ' R&M Repair and Maintenance CTE Career and Technical Education ' S&P Standard and Poor's DP Diploma Years ' SBOE State Board of Education DS Debt Service i SLA Service Level Adjustment EF Enterprise Fund ' SRF Special Revenue Fund ESC Education Service Center(ESC) 7 TAKS Texas Assessment of Knowledge and Skills FTE Full-Time Equivalent ' TEA Texas Education Agency FY Fiscal Year i TEKS Texas Essential Knowledge and Skills G&O Goals and Objectives ' TOMA Texas Open Meetings Act GAAP Generally Accepted Accounting Principles � TRS Teacher Retirement System GASB Government Accounting Standards Board ' WA Westlake Academy GF General Fund ' WADA Weighted Average Daily Attendance GFOA Government Finance Officers Association , XFR Transfer 126 WESTLAKE ACADEMY 2021 ACADEMIC CALENDAR Yearly Calendar STAFF-169 school days+16 PD Days+0 Conference Days+Graduation+1 FLEX Days=187 �,��'"�'"' , «estlake Academy Sem.1 Sem.2 Total 4 �y Academic Calendar 2020-2021 75 92.5 167.5 � � ;ti�+�Y r,r A Days B Days Minutes-73515+630+2050=76,195(595"extra"minutes} r' ft�inutes-74,360+630+2Q50= 77,040(9,440"extra"mrnutesJ � � � � r � � I �i S M T W Th F Sa S M T W Th F Sa S M T W Th F Sa �ugust 1 i-PYPSack to School 1 1 2 3 4 5 1 2 3 18-Secondary Back to School 2 3 4 5 b 7 8 6 7 8 9 10 11 12 4 5 G 7 8 9 10 19-FirstDavofSchool 9 10 11 1� 13 14 15 13 14 15 16 ll 18 19 il 12 13 14 15 iG 17 Septem6e�7-Holidacn65CHOOL 16 17 18 19 20 21 22 20 21 22 23 24 25 26 18 19 2� 21 22 23 24 Octo6er 8-EndofFirstQ�arta(Ql) 23 24 25 26 27 28 29 27 28 29 30 25 26 27 28 29 30 31 9-Pmfessi�al Da elopmaiUStudent Holiday 30 31 6 21 19 1:-Holidav n0 SCHOOL 28-Professional Decelqrment5 tudmt Holiday � � � ' " � � � Srn�em6ei 20-HalfDac S M T W Th F Sa S M T W Th F Sa S M T W Th F Sa 23�7I'hanks�i��in�Break 1 2 3 4 5 6 7 1 2 3 4 5 1 2 Decem6er15-18-FinalExams 8 9 10 11 12 13 14 6 7 8 9 10 11 12 3 4 5 6 7 8 9 18-HalfDay�End of Second Quarter(QZa End of lst Semester 15 16 17 1 S 19 20 �1 13 14 19 10 11 12 13 14 15 16 21-7anuary 5��inter Er�k 22 23 24 25 26 27 28 20 21 22 23 24 25 26 17 1S 19 20 21 22 23 Jaouan 5-Pmfessi�alDerelopmaiti5tudentHoliday 29 30 D 28 29 30 31 24 25 26 27 28 29 30 18-Holidav n0 SCHOOL 15.5 13.5 31 17.0 Fe6ivan� 1ZProfessionalDecelopmentl5tudmtHoliday 15-Holidav h0 SCHO�L � � � 1la�eh 12-End of Third Quarter{�3) S M T W Th F Sa S M T W Th F Sa S M T W Th F Sa 15-195pnn�S:eak 1 2 3 4 5 G 1 2 3 4 5 6 1 2 3 April 1-PmfessionalDe,-elopmmti5tudentHolidap 7 8 9 iD 11 12 13 7 8 9 10 11 12 13 4 5 G 7 8 9 10 ZHolidarnoSCHOOL 14 15 1G 17 18 19 20 14 15 15 17 18 19 20 11 12 13 14 15 1G 17 1lac 25-ZSFinalExams 21 22 23 24 25 26 27 �1 22 23 24 25 26 27 1S 19 20 �1 22 23 24 ?8-HalfDap;End ofFourth Quarter(QA);End of 3�d Semester 2S 28 29 30 31 25 26 27 28 29 30 Juoe 1-Pmfessi�alDaelopmaiti5tudentHoliday 18 17 21 "ppSeo ior Cammeocemeot TBD . 1 - 1 1 S M T W Th F Sa S M T W Th F Sa S M T W Th F Sa 1 1 2 3 4 5 1 2 3 2 3 4 5 G 7 8 6 7 8 9 10 11 12 4 5 5 7 8 9 10 9 10 11 12 13 14 15 13 14 15 16 17 18 19 11 12 13 14 15 16 17 16 17 18 19 20 21 2Z 20 21 22 23 24 25 26 18 19 20 21 22 23 24 23 24 29 �7 28 �9 30 25 �6 27 �8 29 30 31 30 31 195 First;'Last Day of Scheel 0 Early Release Days Farei�tlStudent Conferences-All Day Holiday NO SCHOOL Semester Exams!PYP Assessments Rofessional DaylShident Holidav Sevior Comwenrement IBD 127 WESTLAKE ACADEMY RESOLUTION NO. 20-09 A RESOLUTION OF THE BOARD OF TRUSTEES OF WESTLAKE ACADEMY TO ADOPT THE REVISED OPERATING BUDGET FOR FISCAL YEAR ENDING AUGUST 31, 2020 AND THE PROPOSED BUDGET FOR FISCAL YEAR ENDING AUGUST 31, 2021 INCLUDING INVESTMENT POLICY, FISCAL AND BUDGETARY POLICIES, COMMITTED AND ASSIGNED FUND BALANCES. BE IT RESOLVED BY THE BOARD OF TRUSTEES OF WESTLAKE ACADEMY: WHEREAS, Section 44.002 of the Education Code of the Texas Education Agency Texas School Law Bulletin states the budget must be prepared according to generally accepted accounting principles, and WHEREAS, the budget must be approved by the Board of Trustees prior to August 31st according to Texas Education Agency's Financial Accountability System Resource Guide, Section 2.6.2—TEA Legal Requirements; and WHEREAS, the Board of Trustees held a Public Hearing on August 3rd, 2020; and WHEREAS, the Board of Trustees finds that the passage of this Resolution is in the best interest of the citizens of Westlake as well as the students, their parents, and faculty of Westlake Academy. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF WESTLAKE ACADEMY: SECTION 1: That, all matters stated in the recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: That the Board of Trustees hereby adopts the amended Westlake Academy Operating Budget for the fiscal year ending August 31, 2020 and the proposed Westlake Academy Annual Operating Budget for the fiscal year ending August 31, 2021 and appropriates the funds contained therein attached to this resolution as Exhibit "A': SECTION 3: That the Board of Trustees hereby adopts the Fiscal and Budgetary Policies, Investment Policies, and the Committed and Assigned Fund Balance designations that are also included in `Bxhibit A". SECTION 4: That a copy of the official adopted 2020-2021 Budget shall be kept on file in the office of the Town Secretary. WA Resolution 20-09 Page 1 of 2 SECTION 5: If any portion of this resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. SECTION 6: That this resolution shall become effective from and after its date of passage. PASSED AND APPROVED ON THIS 3rd DAY OF AUGUST 2020. Laura Wheat, President ATTEST: Todd Wood, Board Secretary Amanda DeGan, Superintendent APPROVED AS TO FORM: L. Stanton Lowry or Janet S. Bubert, School Attorney WA Resolution 20-09 Page 2 of 2 Board of Trustees Item # 7 — Board Recap/ Staff Direction Board of Trustees Item # 8 — Future Agenda Items Any Board member may request at a workshop and / or Board meeting, under "Future Agenda Item Requests", an agenda item for a future Board meeting. The Board Member making the request will contact the Superintendent with the requested item and the Superintendent will list it on the agenda. At the meeting, the requesting Board Member will explain the item, the need for Board discussion of the item, the item's relationship to the Board's strategic priorities, and the amount of estimated staff time necessary to prepare for Board discussion. If the requesting Board Member receives a second, the Superintendent will place the item on the Board agenda calendar allowing for adequate time for staff preparation on the agenda item. Board of Trustees Item # 9 — Adjournment