DEPARTMENT: Pre-K 4 SA
DEPARTMENT HEAD: Kathy Bruck, CEO
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Pre-K 4 SA FY 2016 Budget
SUMMARY:
During the May 6, 2015 "B" Session, staff will present the Pre-K 4 SA FY 2016 Budget adopted by the Pre-K 4 SA Board of Directors on April 7, 2015. The Council is scheduled to consider approving the FY 2016 Pre-K 4 SA Budget on May 14, 2015, as required by the Pre-K 4 SA bylaws.
BACKGROUND INFORMATION:
The Pre-K 4 SA Board of Directors approved the Pre-K 4 SA FY 2016 Budget on April 7, 2015. The Corporation's fiscal year begins on July 1 and ends on June 30.
ISSUE:
City staff will provide City Council with an overview of the Pre-K 4 SA program's Board of Directors Adopted FY 2016 Budget. The Board of Directors bylaws, approved by City Council, require that City Council approve the program's annual Budget on or before July 1 of each year. As stated in the bylaws, an Annual Budget is required to be adopted by the Board by May 1 each year and approved by City Council prior to the start of the new program year on July 1. Council consideration of the Board of Director's Adopted FY 2016 Budget is scheduled for the Council "A" session on May 14, 2015.
Below is an overview of the Board of Director's Adopted Operating Budget for FY 2016 to include major program areas.
Operating Expenses
Adopted Budget FY 2016
Pre-K 4 SA Education Center Services
$23,632,869
Transportation Services
$ 1,026,128
Facilities Leases & Maintenance
$ 8,950,706
Professional Development
$ 2,045,781
Program Assessment
$ 132,068
Public Relations/Marketing
$ 379,361
Sales Tax Collection Fee
$ 680,673
Administration
$ 1,762,162
Transfers
$ 235,553
Total Budget
$38,845,302
The FY 2016 proposed Board of Director's Adopted Annual Budget reflects a 7% increase from the FY 2015 Adopted Annual Budget. Pre-K 4 SA will accept a total of 1,700 students for the 2015-2016 school year, which reflect...
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