HomeMy WebLinkAboutWA Resolution 22-20 Academy Operating BudgetkW-&1tW3'-X X10—VII-RUTAI-1
A 2EA SOL4TIO11 OF TAE—. i, .,-% OF TR-4STEES OF
APPROVING THE AMENDED OPERATING BUDGET FOR FISCAL YEAR ENDING
AUGUST 31, 2022 AND ADOPTING THE PROPOSED BUDGET FOR FISCAL YEAR
ENDING AUGUST 31, 2023, INCLUDING FISCAL AND BUDGETARY POLICIES,
THE INVESTMENT POLICY, AND COMMITTED AND ASSIGNED FUND
BALANCES.
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 3 1 "
according to Texas Education Agency's Financial Accountability System Resource Guide,
Section 2.6.2 — TEA Legal Requirements; and
WHERE AS, the Board of Trustees held a Public Hearing on August 8, 2022; 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 and staff of
Westlake Academy.
NOW, THE, REFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
WESTLAKE ACADEMY:
SECTION I: 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 of Westlake Academy hereby adopts the
amended Westlake Academy Operating Budget for the fiscal year ending August 31, 2022, and
the proposed Westlake Academy Annual Operating Budget for the fiscal year ending August 3 1,
2023, 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 Fiscal Year 2022-2023 Budget shall be
kept on file in the office: of the Town Secretary.
WA Resolution 22-20
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.
MM71712VIII 11,12 Fil.
AmBf y PiulZana, and Secretary
L
OVI NOT a-GIM
I Attorney
Sean Kilbride, President
Sean -Wilson, Head of School
WA Resolution 22-20
Page 2 of 2
w WESTLAKE ACADEMY
FISCAL YEAR 2021- 2022
REQUEST TO AMEND ORIGINAL BUDGET
2021-2022
Fund 199 Consolidated General Fund Adopted Budget
Revenues:
2021-2022 2021-2022
Proposed Amendment Amended Budget
197-5700 Local Sources (Transportation) $ 25,500 $ - 25,500
198-5700 Local Sources (Athletics) 88,100 - 88,100
199-5700 Local Sources (General Fund) 1,148,771 116,210 1,264,981
5800 State Programs 8,109,375 (78,406) 8,030,969
Total Revenues $ 9,371,746 $ 37,804 $ 9,409,550
Expenditures (by function)
11 Instructional
4,884,668
92,505
4,977,173
12 Resources & Media
135,797
48,957
184,754
13 Staff Development
55,795
37,622
93,417
21 Instructional Leadership
225,326
(2,504)
222,822
23 School Leadership
1,258,754
7,028
1,265,782
31 Guidance & Counseling
618,426
(82,634)
535,792
33 Health Services
81,257
(7,268)
73,989
36 Co -curricular & Extracurricular Activities
228,089
(1,604)
226,485
41 Administrative
241,964
4,800
246,764
51 Maintenance & Operations
967,763
(7,536)
960,227
52 Security & Monitoring
26,800
(800)
26,000
53 Data Processing
356,879
(57,123)
299,756
61 Community Services
143,543
(5,828)
137,715
71 Debt Service
207,922
14,300
222,222
Total Expenditures
9,432,983
39,915
9,472,898
Excess (Deficiency) of Revenues
Over (Under) Expenditures
FUND BALANCE, BEGINNING
Audited as of 813112021
FUND BALANCE, ENDING
Assigned - Bus Maintenance
Assigned - Tech/FF&E Replacement
Assigned - Uniforms/Equip Rep
FUND BALANCE, UNASSIGNED
Daily Operating Cost
Operating Days
(61,237) (2,111) (63,348)
$ 2,078,833 $
2,078,833
2,017,596 (2,111) 2,015,485
(19,000) 2,000 (17,000)
(79,782) - (79,782)
(15,000) - (15,000)
$ 1,903,814 $ (4,111) $ 1,903,703
25,844
74
25,953
73
Board Approval: Date: