HomeMy WebLinkAboutBOT Budget Presentation 08112014FY 2014/15 Proposed Budget decreases
Fund Balance by $236,031
FY 14/15 Total
Operating Budget (All Funds)
Proposed Westlake Academy:
Operating Revenues $ 7,567,293 (8%)
Operating Expenditures $ 7,803,324 (12%)
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Fund Balanced to Maintain 45
Operating Days
FY 14/15 Westlake Academy
Fund Balance
Est. Beginning Fund Balance 9/1/14 $1,060,242
Est. Ending Fund Balance 8/31/15 $824,393
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FY 14/15 Total SLAs
Salary Expenditures $ 439,787
Professional Services 126,960
Supplies & Materials 233,301
Other Operating Costs 65,194
Debt Service 77,781
Grand Total $ 943,023
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(For Details See Page 13)
Personnel Changes (+14.62 FTEs)
•Asst. to Principals (.50)
•PYP Kindergarten (1.0)
•PYP Grade 1 (1.0)
•PYP Grade 2 (1.0)
•Primary Art (.50)
•Strings Staff (.67)
•Secondary Theater Arts (-.75)
•Special Education (1.0)
•Grade 6 (1.0)
•Secondary Art (.50)
•Secondary English (1.0)
•Secondary Humanities (-.50)
•Secondary Economics (1.0)
•Secondary Math (2.0)
•Secondary Science (-.16)
•Secondary Phys. Ed (.50)
•Speech (-.17)
•Counselors (-.30)
•Teaching Aides (1.93)
•Director of Student Life (1.0)
•Director of Curriculum (.50)
•IT Tech (-.70)
•Office Aide (1.10)
•Lunchroom Personnel (-.40)
•Day Porter (1.4)
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May 2014 Budget Retreat
Changes from Board Direction
•Reclassification of Employees
–IT Director
–Finance – Accounts Payable
•Update to Financial & Budgetary Policy
–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.).
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FY 14/15 Westlake Academy
Total Cost
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Overall Cost Summary
Estimated Proposed
FY 2013/14 FY 2014/15
Proposed Operating Expenditures $6,668,062 $7,503,324
Municipal-Transfer to WA Operating Budget 390,000 315,000
Sub-Total 7,058,062 7,818,324
Annual Debt Service Payment (paid from Municipal budget) 1,935,529 2,137,954
Major Maintenance and Replacement 165,000 71,000
In-direct Operating Costs 325,000 450,500
Grand Total All Costs $9,483,591 $10,477,778
FY 14/15 Challenges
& Opportunities
•Phase 1 Enrollment Growth
•Continued Emphasis on Academic Excellence
•Heightened Importance of Town and WAF
Contributions
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Five -Year Forecast
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