DEPARTMENT: Pre-K 4 SA
DEPARTMENT HEAD: Kathy Bruck, CEO
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Pre-K 4 SA FY 2017 Budget
SUMMARY:
During the May 11, 2016 "B" Session, staff will present the Pre-K 4 SA FY 2017 Budget adopted by the Pre-K 4 SA Board of Directors on April 5, 2016. The Council is scheduled to consider approving the FY 2017 Pre-K 4 SA Budget on May 12, 2016, as required by the Pre-K 4 SA bylaws.
BACKGROUND INFORMATION:
City staff will provide City Council with an overview of the Pre-K 4 SA program's Board of Directors Adopted FY 2017 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 2017 Budget is scheduled for the Council "A" session on May 12, 2016.
ISSUE:
Below is an overview of the Board of Director's Adopted Operating Budget for FY 2017 to include major program areas.
Operating Expenses
Adopted Budget FY 2017
Pre-K 4 SA Education Center Services
$ 28,666,898
Transportation Services
$ 1,026,332
Facilities Leases & Maintenance
$ 5,653,342
Competitive Grants
$ 4,592,019
Professional Development
$ 1,966,810
Program Assessment
$ 237,467
Administration
$ 1,575,811
Transfers
$ 3,840,535
Total Budget
$ 47,559,214
Revenues
Adopted Budget FY 2017
Sales Tax
$ 34,101,742
State/Local Match
$ 4,166,400
USDA (Food)
$ 1,425,416
Sliding Scale Tuition
$ 900,000
Interest/Misc Revenue
$ 24,569
Fund Balance
$ 6,941,087
Total Revenues & Transfers
$ 47,559,214
The FY 2017 sales tax assumes a 3.1% growth rate from the FY 2016 estimate. Sales tax makes up 84% of the Pre-K 4 SA total revenue. State/Local Match, USDA and Slidi...
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