Page 287 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 8
Westlake Academy Fund Overview

C OMBINED: G ENERAL F UND A CADEMIC AND M UNICIPAL S ERVICES

Amended Proposed $ Increase % Increase
FY 2017/ 18 FY 2018/ 19 ( Decrease) ( Decrease)
Operating Expenditures $ 8,140,072 $ 8,395,132 $ 255,060 3.13%
Municipal-Transfer to WA Operating Budget 315,000 315,000 - 0.00%
Total Academic Costs (General Fund Only) 8,455,072 8,710,132 255,060 3.02%
Annual Debt Service ( Municipal budget) 1,666,337 1,828,791 162, 454 9.75%
Major Maintenance and Replacement 289,667 355,595 65,928 22.76%
In-direct Operating Costs 768, 469 854, 511 86,042 11.20%
Total Municipal Costs 2,724,473 3,038,897 314,424 11.54%
TOTAL EXPENDITURE COSTS $ 11,179,545 $ 11,749,029 $ 569,484 5.09%
Number of Students 856 876 20 2.34%
Total Expenditure Cost per Student $ 13,060 $ 13,412 $ 353 2.70%

Over the last year, many hours have been spent to further develop our vision of the future, determining the best opportunities
that lay before us to help accomplish our mission and truly become the “ shining school on the hill.” While we have many
successes to celebrate, we are constantly striving to improve the Academy through multiple avenues, including “ getting the
right people on the bus”, ensuring that we are consistently taking measure of our course, and adjusting as we move towards
our goal.

It is through our talented faculty, staff, students, and their supportive families, that we can unfailingly rise to challenges and
hold to our vision. The daily operation of the Academy is made possible through our partnerships with the Town of Westlake,
the Westlake Academy Foundation, and our affiliate groups.

As with all good teams, it becomes necessary to draw attention to individual performers and teams who go above and
beyond to help us accomplish our goals. I would like to recognize the hard work of the Academic and Municipal Leadership
Teams, and specifically the Finance Department and Dr. Mechelle Bryson for their efforts in completing this award- winning
document. I know with the teams we have in place, we will continue to “build a collective legacy of excellence.”

Thomas E. Brymer
Town Manager/ Superintendent Westlake Academy

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