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WA Budget Pres to BOT-Wrkshp 8-3-09 Westlake Academy August 3, 2009 1 Unique Moving to program based budget Expanded format 2 “Governing and managing for outcomes.” Integrating: Strategic Planning 5 year financial forecasting Budgeting Performance measures Priorities, objectives and outcomes Resource alignment Maintaining core services 3 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 4 Opportunities: Increased Blacksmith funding G 9-12 class size Organizational structure Aggressive marketing and development programs New funding streams Pursue partnerships 5 Vision/Mission (page 6) Values Desired Outcomes High academic achievement Strong parents & community connections Financial stewardship & sustainability Student engagement Effective educators & staff 6 Inc/Dec Beg Fund Balance $ 469,606 -26% Revenues $4, 156, 170 14% Expenditures $4, 056, 468 8% Other Uses $ 50,000 -76% Net $ 49,702 Ending Fund Balance $ 519,308 10.58% 7 Student enrollment pages 7-8 Programmes pages 9-11 Organizational Structure page 16 Capital Costs (Facilities) pages 16-17 Direct Operating Costs (Facilities) page 17 Indirect Operating Costs page 17 8 Proposed ASB $4,196,148 Est. Town Direct Op. Costs 248, 638 Subtotal Direct Op. Costs 4,444,786 Est. Town Indirect Costs 330,038 Subtotal All Op. Costs 4,474, 824 Annual Debt Service Payments 1,499, 751 GRAND TOTAL $6,274, 575 9 State Foundation Funding $3,428,496 (83%) Per Student $7,133 Other State Funding $173,232 (TRS On-behalf Payments) Donations – Blacksmith $420,000 (10%) Total Revenues $4,156,170 10 Payroll / Benefits = 77% of expenditures Page 23 – Personnel Summary Page 90 – Personnel Summary Page 92 – Detail by position 11 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 12 Employee Compensation (page 26) Professional Development (page 26) $36,655 New Operating Costs (page 26) (A&S Building) $43,000 13 Athletics pages 10 and 27 Admin Cost Transfer page 28 Fund Balance page 28 Unfunded Needs page 29 Performance Measurement pages 11-15 and (metrics) pages 93 - 96 14 Recognition Special Meeting Questions and Discussion 15