Page 22 - PowerPoint Presentation

REVENUES
Revenues are budgeted at $9.37M; a decrease of $290K from prior year revised.

 Enrollment is projected at 875 students
 The proposed allotment is projected at $154K
 Municipal contributions have been discontinued
 Bank Interest: Calculated at 0.50% rate
 Westlake Academy Foundation support remains steady at $1.03M

EXPENDITURES
Expenditures are budgeted at $9.432M; a decrease of $20K from prior year revised. This decrease in
expenditures is due to allocating payroll cost to the federal ESSER III-Supplemental Grant.

 The Board of Trustees approved a step increase plus 1% for Teachers, Librarians, Counselors, &
Nurses, a 2% increase for Administration, and a 3% increase for Admin Support-Hourly staff; a
combined total impact less than $18K.
 FTE: 103.52 (1.65 increase from FY20/21).
 Maintenance & Operations: $5.8K increase for janitorial services & supplies.
 In accordance with Texas House Bill 3, kindergarten through 3 grade teachers must complete
rd
reading training. This training started in FY20/21 and will continue through FY22/23.
 Administrative: $15.6K increase for general legal services.
 The ESC Region 11 contract is expected to remain the same from prior year revised. This includes
the Instructional Solutions Contract for Canvas distance learning support & remote professional
development opportunities.

FUND BALANCE
The FY 21/22 projections will decrease fund balance by $61,237 for an ending unassigned fund
balance of $1,785,979. The unassigned balance represents coverage for 69 operating days.

Change in Operating Days

65 62 69 63
56 50 56 61 60 59
42 45

Actual Actual Actual Actual Actual Actual Amended Proposed Projected Projected Projected Projected
FY 14/15 FY 15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 FY25/26

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