DEPARTMENT: Pre-K 4 SA
DEPARTMENT HEAD: Sarah Baray, Ph.D.
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Pre-K 4 SA FY 2019 Budget
SUMMARY:
During the May 9, 2018 "B" Session, staff will present the Pre-K 4 SA FY 2019 Budget adopted by the Pre-K 4 SA Board of Directors on April 3, 2018. The Council is scheduled to consider approving the FY 2019 Pre-K 4 SA Budget on May 17, 2018 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 FY 2019 Budget adopted by the Pre-K 4 SA Board of Directors. 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 fiscal year on July 1. Council consideration of the Board of Director's Adopted FY 2019 Budget is scheduled for the Council "A" session on May 17, 2018.
ISSUE:
Below is an overview of the Board of Director's Adopted Operating Budget for FY 2019 to include major program areas.
Revenues
Adopted Budget FY 2019
Dedicated Sales Tax
$36,355,835
Planned Use of Fund Balance
4,334,403
State/Local Match
4,352,400
USDA (Food)
1,480,139
Sliding Scale Tuition
731,250
Interest/Misc Revenue
51,270
Total Revenues & Transfers
$47,305,297
Operating Expenses and Transfers
Adopted Budget FY 2019
Pre-K 4 SA Education Center Services
$24,606,700
Facilities Leases & Maintenance
6,294,438
Competitive Grants
4,808,462
Professional Learning
1,977,879
Administration
1,682,587
Public Relations/Marketing
868,759
Transportation Services
789,337
Enrollment/Attendance Services
775,730
Program Assessment
307,035
Sales Tax Collection Fee
727,117
Debt Service Payments
3,400,803
Transfers to other Funds
1,066,450
Total Budget
$47,305,297
The Pre-K 4 SA program utilizes 1/8 cent of a local sales tax le...
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