Page 283 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 8
Westlake Academy Fund Overview

August 15, 2018

Honorable Board of Trustees,

As Superintendent of Westlake Academy, and in tandem with the administrative teams for both municipal and academic
services, I am pleased to submit for your consideration, the Academic Budget for FY 2018/ 19.

On behalf of our entire learning community, I would like to thank the Board for their leadership, dedication to excellence,
and support in making Westlake Academy and the Town of Westlake a truly shining example of what can be accomplished
when people come together with a common purpose: great educational success can happen!

I. INTRODUCTION

First, this budget reflects Westlake Academy’ s commitment to its strategic plan and the initiatives that support the Academy’ s
mission, vision, and values. At the core of the Academy is college readiness. Throughout each Programme in the IB continuum,
the objective is to prepare students for post- secondary success and beyond. There is no doubt that today’ s graduates must
compete on a global stage and will need specific 21st century skills to be able to successfully navigate an ever- changing
internationally minded marketplace. As such, alignment to that mission is paramount. The following is reflective of the
proposed budget, which:
shows a steady increase in student enrollment that is indicative of the growth of the Town of Westlake, and the
success the Academy has had in preparing students for post- secondary achievements.
contains an increase in Career and Technology Education ( CTE) funding due to an increase in student enrollment in
CTE courses.
includes a facilities allotment for Charter Schools passed by the 84th Texas Legislative Session.
contains a 3% increase in staff salaries on average to move the salary scale within 0.5% of the median of surrounding
school districts ( assuming surrounding school districts implement market adjustments).

Second, as with our previous budget submittals, this financial information has been prepared according to conservative
revenue projections, i.e., State funding and Westlake Academy Foundation ( WAF) donation levels. This document contains a
high- level summary showing proposed WA revenues and expenditures for FY 2018/ 2019. Statistical data, summaries, and
charts are intended to provide a comprehensive review of the proposed budget, which will provide both staff and
administration with a guidance tool for this year and a forecast for the future.

This new year will be unique in that we will be celebrating 15 years of educational success at Westlake Academy! In addition,
the IB was founded 50 years ago, paving the way for groundbreaking developments in international education.

Therefore, with keeping our tradition of utilizing an associated theme focusing on the coming school year, the proposed theme
for FY 2018/ 2019 is:

Celebrate 15WA/ 50IB:

A Legacy of

Leading and Learning

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