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No, can be completed with
existing debt capacity.
No, can be completed with
existing debt capacity.
Yes, this would require a $6 -8 Yes, we would build a cafetorium,
million debt issuance. a secondary building, a science
building, media center,
Annual Debt Service auditorium / performance hall, and
$342K-$456K a field house.
Yes, this would require a $8
million debt issuance. Yes, we would build a cafetorium,
a secondary building, and field
Annual Debt Service house.
$456K
If enrollment is not increased
No, this would require an
Yes, provides space in PYP for PE, lunch, and
to 1040, then property
additional $8 million debt
Yes, we would build a cafetorium,
08/13/2012
issuance for a total of $16
a secondary school, a science
increased by $0.055.
million.
(
building, a media center, an
g,
additional students, but operational costs would
Does this meet the TC '
Does this require an
Does this fit within our
Does this provide
Does this provide additional
1040, then property taxes
?
direction?
increase in property
current debt capacity?
additional space?
p
educational programming ?
the number of students needed for new
increased property taxes
rates?
to be subsidized.
!
Yes, provides space in PYP for PE, lunch, and
Yes, this would require a $2 -3
theater arts
v
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No not interested
No, can be completed with
million debt issuance.
Yes, we would build a cafetorium,
- -
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in maintaining
existing debt capacity.
a G12 classroom building, and
Secondary, limited, this option does not provide
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Status Quo.
Annual Debt Service
admin space.
the number of students needed for new
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$114K - $171K
programming and the operating costs would need
to be subsidized.
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No, can be completed with
existing debt capacity.
No, can be completed with
existing debt capacity.
Yes, this would require a $6 -8 Yes, we would build a cafetorium,
million debt issuance. a secondary building, a science
building, media center,
Annual Debt Service auditorium / performance hall, and
$342K-$456K a field house.
Yes, this would require a $8
million debt issuance. Yes, we would build a cafetorium,
a secondary building, and field
Annual Debt Service house.
$456K
If enrollment is not increased
No, this would require an
Yes, provides space in PYP for PE, lunch, and
to 1040, then property
additional $8 million debt
Yes, we would build a cafetorium,
taxes would need to be
issuance for a total of $16
a secondary school, a science
increased by $0.055.
million.
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building, a media center, an
g,
additional students, but operational costs would
Annual Debt Service
auditorium / performance hall, a
If enrollment is increased to
$456K from Town, the balance
field house, and specialized
1040, then property taxes
from enrollment growth or
classrooms.
would remain unchanged.
Secondary, limited, this option does not provide
out, see Option 2.
the number of students needed for new
increased property taxes
programming and the operating costs would need
No, can be completed with
existing debt capacity.
I
Yes, this would require a $8.5
million debt issuance.
Annual Debt Service
$485K
Yes, we would build a cafetorium,
a secondary school, and field
house. The field house would
be built slightly larger to
accommodate future growth;
keeps 1,200 student option open.
Yes, provides space in PYP for PE, lunch, and
theater arts
Secondary, limited, this option does not provide
the number of students needed for nE!w
programming and the operating costs would need
to be subsidized.
Yes, provides space in PYP for PE, lunch, and
theater arts
Secondary, limited, this option does not provide
the number of students needed for new
programming and the operating costs would need
to be subsidized.
Operating
Cost Implications
New building operating costs
are approximately $85,000
We must fill all 100 seats, and will
still have approximately
a $300,000 annual shortfall for
operating expenses.
Depends on the Westlake fill rate
for 100 new students, if maxed
out, see Option 2.
Regardless of whether the
Yes, provides space in PYP for PE, lunch, and
enrollment reaches 1040 or an
theater arts
increased property tax covers the
additional debt service, the
Academy will have a net operating
Secondary, limited, this option would provide
loss of approximately $300,000;
additional students, but operational costs would
this will increase if subjects
need to be subsidized.
are added.
Yes, provides space in PYP for PE, lunch, and
theater arts
'.
Depends on the Westlake fill rate
for 100 new students, if maxed
Secondary, limited, this option does not provide
out, see Option 2.
the number of students needed for new
programming and the operating costs would need
to be subsidized.
- --
Enrollment Narratives -x Facility Acquisition
,
--- . ........... _. .... ....._.. - - -- - -- .... .... ............... ... . .... . ........ _ ... _ .... -- ... _... -- 14 Sections of 20 students in PYP (K -5) & 4 Sections of 25 students in
F - - -- -- -- --
MYP /DP (6 -12). Cost approximately $12 million to build necessary
Phase l
facilities and will take 28 months from start to finish. Cost of
High School Building, Middle
expansion (debt service) is covered by the increased student
!School Buildin, Media Center,
enrollment. This model's revenues exceed expenditures, and the
Cafetorium
Fund Balance will build to approximately $210,040 over five years, I
High School Building
but does not meet the 45-Day Reserve Requirement.
_
4 Sections of 20 students in PYP (K -6) & 4 Sections of 25 students in
IF
MYP /DP (7 -12). Cost approximately $12 million to build necessary
1 High School Building, Middle
facilities and will take 28 months from start to finish. This model's
'School Buildin, Media Center,
revenues are less then expenditures. This model's revenues exceed
I Cafetorium, Primary School
expenditures, and the Fund Balance will be depleted within three i
'Addition
years.
5 Sections of 20 students in PYP (K -5) & 4 Sections of 25 students in
MYP /DP (6 -12). Cost approximately $15 million to build necessary
facilities and will take 28 months from start to finish. Cost of
expansion (debt service) is covered by the increased student
enrollment. This model's revenues exceed expenditures. The Fund
Balance will build to approximately $2.1 million over five years I
with approximately $812,000 undesignated.
_.
5 Sections of 20 students in PYP (K -6) & 4 Sections of 25 students in
MYP /DP (7 -12). Cost approximately $14 million to build necessary
facilities and will take 28 months from start to finish. Cost of
expansion (debt service) is covered by the increased student
enrollment. This model's revenues exceed expenditures. The Fund
Balance will build to approximately $250,000 over five years, but
does not meet the 45 -Day Reserve Requirement.
High School Building, Middle
(School Building, Performance Hall,
Cafetorium, Primary School
Addition, Media Center
i
.... .... ...... _ ...... . - - ------
.... - -- - -- -- -
High School Building, Middle
,School Buildin, Media Center,
I Cafetorium, Primary School
Addition
4 Sections of 20 students in PYP (K -5) & 4 Sections of 25 students in I
MYP /DP (6-12). Cost approximately $12 million to build necessary i
Phase l
'facilities and will take 37 months from start to finish. Cost of
Middle School Building, Media
expansion (debt service) is covered by the increased student
j Center, Cafetorium
enrollment. This model's revenues exceed expenditures. The Fund
Phase 2
Balance will build to approximately $116,572 over five years, but
High School Building
does not meet the 45 -Day Reserve Requirement.
_......
- . ... .._..... . _ ...... _.._ .- - -. -..— — - . -- — - -- —. ...._. -- ..... . _... --
5 Sections of 20 students in PYP (K -5) & 4 Sections of 25 students in
MYP /DP (6 -12). Cost approximately $13 million to build necessary
facilities and will take 37 months from start to finish. Cost of j
expansion (debt service) is covered by the increased student
enrollment. This model's revenues exceed expenditures. The Fund
Balance will be depleted within two years.
_.._... — ..... ...... ... _ .........
Phase 1
Middle School Building, Media
Center, Cafetorium
Phase 2
1 High School Building, Primary
,School Addition
3 Sections of 20 students in PYP (K -6) & 3 Sections of 25 students in
MYP /DP (7 -12). This model's revenues exceed expenditures, and Cafetorium, 6 new portable
the Fund Balance will build to approximately $281,016 over the buildings
j next five years, but does not meet the 45 -Day Reserve
Requirement.
4 Sections of 20 students in PYP (K -6) & 4 Sections of 20 students in
MYP /DP (7 -12). This model's revenues are less then expenditures,
and the Fund Balance will be depleted within one year due to
setup, FFE, and lease costs.
i
4 Sections of 20 students in PYP (K -6) & 4 Sections of 25 students in
MYP /DP (7 -12). This model's revenues exceed expenditures, and
the Fund Balance will build to approximately $2.8 million over the
next five years.
2 Section of 20 students in PYP (K -6), 3 Sections of 20 students in
MYP (7 -10), & 4 Sections of 24 students in DP. This model's
revenues are less then expenditures, and the Fund Balance will be
depleted within two years.
Cafetorium, 12 new portable
buildings
Cafetorium, 12 new portable
buildings
... - - -- ........ .. _ .... - .............. ---- ......
- -
I
Cafetorium, 4 new portable
buildings
I
i
2 Section of 20 students in PYP (K -6), 3 Sections of 20 students in
MYP (7 -10), & 5 Sections of 24 students in DP. This model's Cafetorium, 5 new portable
revenues are less then expenditures, and the Fund Balance will be buildings
I depleted within three years.
2 Section of 20 students in PYP (K -6), 3 Sections of 25 students in
MYP /DP (7 -12). This model's revenues exceed expenditures, and No additional facilities
the Fund Balance will build to approximately $1.5 million over the
1 next five years with approximately $747,000 undesignated.
I
4 Sections of 20 students in PYP (K -6) growing into 4 Sections of
students in MYP /DP (7 -12) over the next 7 years. This model's Cafetorium, 9 new portable
j revenues are less then expenditures, and the Fund Balance will be buildings
I depleted within one year due to setup, FFE, and lease costs.
' I
This is a combination of Option 6 -B and 7 -B. Will result in 4
Sections of 20 students in PYP (K -6) & 4 Sections of 25 students in j Cafetorium, 12 new portable
MYP /DP (7 -12). This model's revenues exceed expenditures, and n s
the Fund Balance will build to approximately $2.1 million over the I 1 ! Cafetorium,
g
next five years with approximately $980,000 undesignated.
2 Sections of 20 students in PYP (K -6) & 3 Sections of 20 students in
MYP /DP (7 -12). This model's revenues are less then expenditures,
No additional facilities
and the Fund Balance will be depleted within three years without
changes to the revenues /expenditures. !
----- - - -- ..— _......- -- ..__.._..._._..._.._._. _.�
.._ _....__.._ _. _.
-- .. ............ .... -
......... -
i
3 Sections of 20 students in PYP (K -6) & 3 Sections of 20 students in
MYP /DP (7 -12). This model's revenues are less then expenditures,
Cafetorium, 6 new portable
and the Fund Balance will be depleted within one year due to i
buildings
setup, FFE, and lease costs. !
I
3 Sections of 20 students in PYP (K -6) & 3 Sections of 25 students in
MYP /DP (7 -12). This model's revenues exceed expenditures, and Cafetorium, 6 new portable
the Fund Balance will build to approximately $281,016 over the buildings
j next five years, but does not meet the 45 -Day Reserve
Requirement.
4 Sections of 20 students in PYP (K -6) & 4 Sections of 20 students in
MYP /DP (7 -12). This model's revenues are less then expenditures,
and the Fund Balance will be depleted within one year due to
setup, FFE, and lease costs.
i
4 Sections of 20 students in PYP (K -6) & 4 Sections of 25 students in
MYP /DP (7 -12). This model's revenues exceed expenditures, and
the Fund Balance will build to approximately $2.8 million over the
next five years.
2 Section of 20 students in PYP (K -6), 3 Sections of 20 students in
MYP (7 -10), & 4 Sections of 24 students in DP. This model's
revenues are less then expenditures, and the Fund Balance will be
depleted within two years.
Cafetorium, 12 new portable
buildings
Cafetorium, 12 new portable
buildings
... - - -- ........ .. _ .... - .............. ---- ......
- -
I
Cafetorium, 4 new portable
buildings
I
i
2 Section of 20 students in PYP (K -6), 3 Sections of 20 students in
MYP (7 -10), & 5 Sections of 24 students in DP. This model's Cafetorium, 5 new portable
revenues are less then expenditures, and the Fund Balance will be buildings
I depleted within three years.
2 Section of 20 students in PYP (K -6), 3 Sections of 25 students in
MYP /DP (7 -12). This model's revenues exceed expenditures, and No additional facilities
the Fund Balance will build to approximately $1.5 million over the
1 next five years with approximately $747,000 undesignated.
I
4 Sections of 20 students in PYP (K -6) growing into 4 Sections of
students in MYP /DP (7 -12) over the next 7 years. This model's Cafetorium, 9 new portable
j revenues are less then expenditures, and the Fund Balance will be buildings
I depleted within one year due to setup, FFE, and lease costs.
' I
This is a combination of Option 6 -B and 7 -B. Will result in 4
Sections of 20 students in PYP (K -6) & 4 Sections of 25 students in j Cafetorium, 12 new portable
MYP /DP (7 -12). This model's revenues exceed expenditures, and n s
the Fund Balance will build to approximately $2.1 million over the I 1 ! Cafetorium,
g
next five years with approximately $980,000 undesignated.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
16
17
19
20
21
22
23
24
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
44
45
46
47
48
49
51
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
92
93
94
95
96
97
99
loc
101
104
10E
30E
11(
11:
11:
11z
11`
Five Year Financial Forecast - FY 12/13 thru FY 16/17
Audited Adopted Estimate Proposed Projected Projected Projected Projected
FY to /17. FY 7.7./12 FY 11/12 FY 12/13 Variance FY 13/14 FY 14/15 FY 15/16 FY 16/17
GENERAL FUND BEG. BALANCE
$ 767,934
$ 916,962
$ 916,962
$ 683,309
$ (233,653)
$
691,088 $
685,865
$ 544,996
$ 331,112
REVENUES
Local Revenues
WAF Salary Reimbursement
65,003
31,662
31,662
54,594
22,932
55,685.88
55,686
56,800
56,800
Other Local Revenue
28,035
15,000
58,000
28,000
(30,000)
59,740
28,840
61,532
29,705
WAF Blacksmith
524,038
627,000
680,000
720,000
40,000
720,000
720,000
720,000
720,000
WAF Contribution
303,700
300,000
300,000
300,000
300,000
Interest Earned
2,295
1,500
1,278
2,500
1,222
1,367
1,382
1,372
1,090
Food Services
2,000
3,000
3,000
3,000
-
3,090
3,183
3,278
3,377
Donations
3,950
-
-
-
-
-
-
-
Athletic Activities
49,198
37,980
35,922
33,500
(2,422)
39,000
39,000
39,000
39,000
Transportation /Parking
7,996
37,840
23,250
35,000
11,750
35,700
36,414
37,142
37,885
Local Grant Revenue
191,691
85,430
405,573
101,640
(255,457)
Total Local Revenues
874,206
839,412
1,238,685
1,281,934
(211,974)
1,214,582
1,184,505
1,219,124
1,187,856
Federal Revenue
Federal Grant Revenues
157,445
150,844
163,919
69,239
(94,680)
State Revenue
TEA - FSPFunds
3,744,757
4,281,649
4,133,603
4,260,809
127,206
4,260,809
4,260,809
4,260,809
4,260,809
TRS On- behalf /Medicare Part B
181,301
208,437
234,803
227,452
(7,351)
268,517
273,887
279,365
284,952
State Grant Revenues
19,600
4,500
11,911
-
(5,220)
Total State Revenues
3,945,658
4,494,586
4,380,317
4,488,261
114,635
4,529,326
4,534,696
4,540,174
4,545,761
TOTAL REVENUES
4,977,309
5,484,842
5,782,921
5,839,434
(192,020)
5,743,908
5,719,201
5,759,298
5,733,617
EXPENDITURES by FUNCTION
Function 11- Instructional
2,493,252
2,839,281
2,878,291
3,262,468
384,177
Function 12 - Resources & Media
73,398
90,134
82,929
140,756
57,827
Function 13 - Curriculum & Staff Development
49,351
87,800
30,367
80,600
50,233
Function 21- Instructional Leadership
121,795
131,742
137,013
127,812
(9,202)
Function 23 - School Leadership
294,326
333,805
339,111
353,683
14,572
Function 31- Guidance & Counseling
165,245
220,628
233,373
234,011
638
Function 33 - Health Services
53,513
59,700
60,853
58,324
(2,529)
Function 35 - Food Services
7,275
9,657
12,363
9,544
(2,819)
Function 36 - Co /Extracurricular Activities
94,713
122,726
72,977
156,036
83,059
Function 41- Administrative
283,179
601,746
656,979
314,263
(342,716)
Function 51- Maintenance & Operations
525,273
587,169
618,362
607,211
(11,151)
Function 53- Data Processing
154,962
159,874
168,251
166,686
(1,565)
Function 6l- Community Services
69,739
66,244
79,010
91,890
12,880
Function 71- Debt Service
-
-
-
-
-
Function 81- Facility Acquisition /Construction
132,086
23,940
18,878
23,940
5,062
TOTAL EXPENDITURES
4,518,107
5,334,446
5,388,757
5,627,225
238,467
-
-
EXPENDITURES by OBJECT
Object Code 61XX - Salaries
3,292,938
3,772,080
3,913,390
4,387,525
474,134
4,475,275
4,564,781
4,656,076
4,749,198
Object Code 62XX - Prof. Contracted Services
791,907
962,025
1,056,202
719,490
(336,712)
733,880
748,557
763,529
778,799
Object Code 63XX - Supplies & Materials
221,871
258,447
223,211
240,936
17,725
244,550
248,218
251,942
255,721
Object Code 64XX - Other Operating Costs
211,391
341,894
195,954
279,274
83,320
282,067
284,887
287,736.28
290,614
Object Code 65XX - Debt Service
-
-
-
-
-
-
-
-
-
TOTAL EXPENDITURES
4,518,107
5,334,446
5,388,757
5,627,225
238,467
5,735,772
5,846,444
5,959,283
6,074,331
SPECIAL REVENUE FUNDS
Federal Grants through TEA
Fund 224 - IDEA B
85,134
61,541
72,544
69,239
(3,305)
Fund 225 - IDEA B Preschool
175
-
-
Fund 266 SFSF (ARRA)
72,136
-
Fund 287 - Education Jobs
89,303
91,375
-
(91,375)
Sub -total Federal Grants
157,445
150,844
163,919
69,239
(94,680)
State Grants through TEA
Fund 397 - Advanced Placement Incentive
4,500
4,500
5,220
-
(5,220)
Fund 404 - Student Success Initiative
2,200
Fund 410 - Material Allotment Disbursment
3,566
Fund 411- Technology
15,100
-
Fund 429 - AP/113 Campus Awards
925
Sub -total State Grants
19,600
4,500
11,911
-
(5,220)
Local Activities
Fund 461- Local Activity
12,617
12,000
31,143
30,000
Sub -total Local Activity
12,617
12,000
31,143
30,000
Hudson Foundation Grants
Fund 481- Hudson Foundation
58,527
-
-
Fund 483 - Hudson Technology
22,500
-
Fund 484 - Hudson Teacher Development
35,000
35,000
-
(35,000)
Fund 485 - Hudson Teacher Grant
200
10,000
10,000
10,000
Fund 486 - Hudson Ron Clark: Teacher Effectiveness
28,430
28,430
10,712
(17,718)
Sub -total Hudson Foundation Grants
81,227
73,430
73,430
20,712
(52,718)
Westlake Academy Foundation Grants
Fund 482 - WAF Fund100
97,847
19,259
-
(19,259)
Fund 487 - WAF Technology for the Next Generation
100,000
(100,000)
Fund 488 - WAF Support Mathematics Teacher
4,235
(4,235)
Fund 489 - WAF Rosetta Stone
10,995
(10,995)
Fund 490 - WAF Whole School Professional Development
36,980
(36,980)
Fund 491- WAF Accept the Best, Nothing Lessl Phase 1
15,167
(15,167)
Fund 492 - WAF Accept the Best, Nothing Lessl Phase II
26,742
36,000
9,258
Fund 493 - IB Learns Grant
-
35,640
35,640
Fund 494 - WAF Library Fund -an -Item
61,000
-
(61,000)
Fund 495 - WAF Coop Tables Grant
26,622
Sub -total Foundation WA Grants
97,847
301,000
71,640
(202,738)
TOTAL EXPENDITURES - ALLFUNDS
4,884,985
5,575,220
5,947,148
5,818,815
(116,889)
5,735,772
5,846,444
5,959,283
6,074,331
Excess Revenues Over(Under)Expenditures
92,324
(90,378)
(164,226)
20,619
(75,131)
8,136
(127,243)
(199,985)
(340,714)
OTHER RESOURCES (USES)
Other Resources
659,704
36,967
104,844
44,823
(60,021)
38,460
39,230
40,014
40,014
Other Uses
(603,000)
(49,807)
(49,807)
(57,663)
(7,856)
(51,819)
(52,856)
(53,913)
(53,913)
Otheruses - Insurance
-
-
(124,464)
-
124,464
Net -Other Resources (Uses)
56,704
(12,840)
(69,427)
(12,840)
56,587
(13,359)
(13,626)
(13,898)
(13,898)
Excess Revenues Over(Under)Expenditures
149,028
(103,218)
(233,653)
7,779
(18,544)
(5,223)
(140,869)
(213,884)
(354,612)
GENERAL FUND ENDING BALANCE
916,962
813,744
683,309
691,088
7,779
685,865
544,996
331,112
(23,500)
Assigned - Special Revenue Funds
20,712
Assigned - Technology /FFE
Assigned - Uniform /Equipment Replacement
100,000
4,499
-
3,684
-
3,684
-
-
-
(3,684)
-
14,838
-
14,838
-
14,838
-
14,838
ENDING FUND BALANCE (Unassigned)
812,463
810,0601
658,913
1 691,088
1 4,095
671,027
530,158
316,274
(38,338)
# of Operating Days (365)
66
55
45
45
6
43
33
19
(2)
Fund Balance if including Indirect Operating Costs
812,463
810,060
658,913
384,188
77,288
(229,612)
(536,512)
(843,412)
# of Operating Days if Including Indirect Operating Costs (365)
66
55
45
25
(2)
5
(14)
(33)
(51)
Students Enrolled
Primary
Secondary
296
234
309
301
309
301
300
330
300
330
300
330
300
330
300
330
Total Students Enrolled
530
610
610
650
650
650
650
650