HomeMy WebLinkAboutRes 20-09 Adopting the FY 20-21 budget and amending the FY FY 19-20 budgetWESTLAKE 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 31"
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 "Exhibit 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 20-0y
Page I 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.
ATTEST:
A -y
TodTodJ Wood, Board Secretary
APPROVFD AS-1,O FORM:
Janet S. Bubert,
School A
Laura Wheat, President
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Amanda DeGan, Superintendent