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:
An Ordinance considering approval of the Pre-K 4 SA program FY 2018 Budget adopted by the Pre-K 4 SA Board of Directors on April 18, 2017.
BACKGROUND INFORMATION:
City staff provided City Council with an overview of the Pre-K 4 SA program's FY 2018 Budget during the May 10 "B" session. The Pre-K 4 SA Board of Directors bylaws, which were approved by City Council, require that the 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 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 2018 Operating Budget on April 18, 2017. This item is for City Council's consideration of the approval of the Board's FY 2018 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 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
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