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WA Budget Pres to BOT 2 (approval)-Wrkshp 8-31-09 Westlake Academy August 31, 2009 (Originally presented 8-3-09) 1 “Governing and managing for outcomes.” Integrating: Strategic Planning 5 year financial forecasting Budgeting Performance measures Priorities, objectives and outcomes Resource alignment Maintaining core services 2 Challenges: “Flat” per student revenue sources Enrollment growth flattening in FY 2010-11 Municipal funding limited/capped No State facilities funding Increased program demand (DP) Organizational structure 3 Opportunities: Increased Blacksmith funding G 9-12 class size Organizational structure Aggressive marketing and development programs New funding streams Pursue partnerships 4 Inc/Dec Beg Fund Balance $ 471,129 -26% Revenues $4, 172, 869 14% Expenditures $3, 918, 033 4% Other Uses $ 100,000 -53% Net $ 154,836 Ending Fund Balance $ 483, 045 6.34% (Undesignated) 5 Student enrollment pages 7-8 Programmes pages 9-11 Organizational Structure page 15 Capital Costs (Facilities) pages 16-17 Direct Operating Costs (Facilities) pages 16-17 Indirect Operating Costs pages 16-17 6 Proposed ASB $4,057,713 Est. Town Direct Op. Costs 248, 638 Subtotal Direct Op. Costs 4,306,351 Est. Town Indirect Costs 339,469 Subtotal All Op. Costs 4,645, 820 Annual Debt Service Payments 1,499, 751 GRAND TOTAL $6,145, 571 7 State Foundation Funding $3,443,120 (83%) Per Student $7,279 Other State Funding $174,285 (TRS On-behalf Payments) Admin Cost Transfer $100,000 Donations – Blacksmith $420,000 (10%) Total Revenues $4,172,869 Total Expenditures $4,057,713 with Payroll/Benefits = 77% of total expenditures 8 Additional Staff (pages 24-25) Teachers 4.0 Desired Outcome: High Academic Achievement IT Support 1.0 Desired Outcomes: High Academic Achievement, Effective Teachers & Staff, Strong Parent & Community Connections Administrative Support .5 Desired Outcomes: High Academic Achievement, Effective Teachers & Staff, Strong Parent & Community Connections 9 Employee Compensation (page 26) Professional Development (page 26) $36,655 New Operating Costs (page 26) (A&S Building) $43,000 10 Staff appreciation Any questions and/or further discussion 11