DEPARTMENT: Pre-K 4 SA
DEPARTMENT HEAD: Sarah Baray, Ph.D.
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Pre-K 4 SA FY 2018 Budget
SUMMARY:
During the May 10, 2017 "B" Session, staff will present City Pre-K 4 SA FY 2018 Budget adopted by the Pre-K 4 SA Board of Directors on April 18, 2017. The Council is scheduled to consider approving the FY 2018 Pre-K 4 SA Budget on May 11, 2017 as required by the Pre-K 4 SA bylaws.
BACKGROUND INFORMATION:
City staff will provide City Council with an overview of C Pre-K 4 SA program's Board of Directors Adopted FY 2018 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 2018 Budget is scheduled for the Council "A" session on May 11, 2017.
ISSUE:
Below is an overview of the Board of Director's Adopted Operating Budget for FY 2018 to include major program areas.
Operating Expenses
Adopted Budget FY 2018
Pre-K 4 SA Education Center Services
$ 25,415,717
Facilities Leases & Maintenance
$ 6,123,605
Competitive Grants
$ 4,954,719
Professional Learning
$ 2,250,433
Administration
$ 1,606,285
Public Relations/Marketing
$ 952,994
Transportation Services
$ 869,554
Enrollment/Attendance Services
$ 750,065
Program Assessment
$ 313,111
Sales Tax Collection Fee
$ 704,043
Debt Service Payments
$ 4,333,810
Total Budget
$ 48,274,336
Revenues
Adopted Budget FY 2018
Dedicated Sales Tax
$ 35,202,167
Planned Use of Fund Balance
$ 6,519,779
State/Local Match
$ 4,464,000
USDA (Food)
$ 1,454,575
Sliding Scale Tuition
$ 600,000
Interest/Misc Revenue
$ 33,815
Total Revenues & Transfers
$ 48,274,336
The FY 2018 sales tax assumes ...
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