DEPARTMENT: Pre-K 4 SA
DEPARTMENT HEAD: Kathy Bruck, CEO
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Pre-K 4 SA FY 2016 Budget
SUMMARY:
An Ordinance considering City Council approval of the Pre-K 4 SA program FY 2016 Budget adopted by the Pre-K 4 SA Board of Directors on April 7, 2015.
BACKGROUND INFORMATION:
City staff provided City Council with an overview of the Pre-K 4 SA program's FY 2016 Budget during the May 13 "B" session. The Pre-K 4 SA Board of Directors bylaws, which were approved by City Council, require that the City Council approve the corporation'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 before May 1 each year and approved by City Council prior to the start of the new program year on July 1.
ISSUE:
The Pre-K 4 SA Board of Directors adopted the FY 2016 Operating Budget on April 7, 2015. This item is for City Council's consideration of the approval of the Corporation's FY 2016 annual operating budgets.
The Pre-K 4 SA fiscal year begins July 1 and ends June 30 of each year.
Below is an overview of the 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 adopted Budget reflects a 7% increase from the FY 2015 Adopted Annual Budget. Pre-K 4 SA will serve a total of 1,700 students for the 2015-2016 school year, which reflects over a 13% increase in students from the 2014-2015 school year. Appropriations are required for the hiring of Education Center staff, food service, and other expenses required for the daily operations of each Education Center.
ALTERNATIVES:
City Council could choose to not approve the FY 2016 Pre-K 4 SA Budget and request changes to the budgets by the Corporation. In this event, the Corporation's Board of Directors would need to amend their adopted Budget(s) and forward the budget(s) to the City Council for approval.
FISCAL IMPACT:
This action will not impact the City's General Fund Budget. It does allow City Council to approve the fiscal year budgets for the Pre-K 4 SA program: the FY 2016 budget.
RECOMMENDATION:
Staff recommends the City Council approve the FY 2016 Annual Budget as recommended and adopted by the Pre-K 4 SA Board of Directors on April 7, 2015.