Page 321 - City of Westlake FY20 Budget

Section 8 Academic Funds
Executive Transmittal Letter

As mentioned previously, Westlake Academy’s current enrollment increase has been driven by residential
developments and housing opportunities within the Town of Westlake. This trend will continue with the
addition of Spencer Ranch – a 38 acre planned development with 38 single family residential units.

We will also see additional demand when the developments that are in progress continue or are nearing
completion – Quail Hollow, Entrada, Granada, Carlyle Court, and Vaquero. With the estimated increase of
41 students from our previous school year, total enrollment will rise to a projected 910 this fall. We will
continue to evaluate enrollment options and manage the number of students as we move toward the
maximum campus capacity.

With this trend of growth in the Academy’s resident (primary boundary) student population, a
corresponding outcome will likely be that overall lottery enrollment opportunities for secondary boundary
students will decline or will be held static. Growth will be monitored and managed until financial resources
become available and the Board of Trustees reviews and approves any update to the Facility Master Plan.

COMBINED: GENERAL FUND ACADEMIC Amended Proposed $ Increase % Increase
AND MUNICIPAL SERVICES FY 18/19 FY 19/20 (Decrease) (Decrease)
Operating Expenditures $ 8,565,326 $ 9,284,841 $ 719,515 8.40%
Municipal-Transfer to WA Operating Budget 209,806 219,750 9,944 4.74%
Municipal – Transfer to WA WAF Staff - 67,911 67,911 100.00%
Total Academic Costs (General Fund Only) 8,775,132 9,572,502 797,370 9.09%
Annual Debt Service (Municipal budget) 1,830,961 1,835,190 4,229 0.23%
Major Maintenance and Replacement 377,182 388,407 11,225 2.98%
In-direct Operating Costs 837,873 966,144 128,271 15.31%
Total Municipal Costs 3,046,016 3,189,741 143,725 4.72%
TOTAL EXPENDITURE COSTS $ 11,821,148 $ 12,762,243 $ 941,095 7.96%
Number of Students 869 910 41 4.72%
Total Expenditure Cost per Student $ 13,603 $ 14,024 $ 421 3.10%

Over the last year, many hours have been spent to further develop our vision of the future, determine the
best methodologies that help us accomplish our mission and truly become the school where students can
reach “their highest individual potential”. 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 successes and making course corrections where
needed.

The Academy is a one-of-a-kind educational opportunity for our community and region – offering the full
continuum of the International Baccalaureate programmes. We are proud of our successes and look
forward to all the future has to offer. It is through our talented faculty, staff, students, and their supportive
families, that help make us unique and ensure we prepare students for their future educational goals. 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.

Respectfully submitted,

Amanda DeGan
Town Manager/Superintendent Westlake Academy

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