Drew Charter school 2016-2017 budget
DREW CHARTER SCHOOL 2016-2017 BUDGET
April 26, 2016
BUDGET PLANNING PROCESS Date
Task
February 22, 2016
Budget kickoff meeting with Head of Schools
February 24, 2016
Administration and Departments kickoff meeting
February 26, 2016
Budget templates emailed to Department Heads by Finance
March 8, 2016
1st Budget meeting with Principals
March 15, 2016
2nd Budget meeting with Principals - Templates Due
March 22, 2016
3rd Budget meeting with Principals
March 29, 2016
4th Budget meeting with Principals
March 30, 2016
Regular Finance Committee meeting - Non Budget oriented (9:30 am - 10am)
March 30, 2016
Draft Budget review with Finance Committee
April 13, 2016
2nd Budget review with Finance Committee (Dial-in)
April 20, 2016
Final Budget presented to Finance Committee
April 25, 2016
Public Hearing on Budget (8:30 am)
April 26, 2016
Public Hearing on Budget (6:00 pm)
April 28, 2016
Treasurer presents the Fiscal Year 2016 Budget to the Board (Final adoption)
ENROLLMENT PROJECTIONS
2016-2017 Projections
180 160 140 120 100 80 60 40 20 0 Current Enrollment Projected 2016-17
PK
K
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
11th
12th
91 90
162 160
162 160
159 165
160 160
139 160
137 144
127 140
120 135
127 135
131 125
82 125
84 95
0 86
Current Enrollment
1,681
Projected 2016-17
1,880
REVENUE SOURCES Source Base Revenue (K-12)
2016-2017 Projected
2015-2016 Projected
$21,686,745
$19,762,834
$443,564
$443,564
Rotary Literacy Center
$50,000
$50,000
ELF: Goizueta Foundation/Coca-Cola
$97,733
$271,333
ELF: Pre-K (Cox)/ELELA
$500,000
$783,564
Bright From the Start Pre-K
$310,000
$313,857
ELF: Extended Services
$306,981
$250,355
ELF: College and Career Readiness
$200,456
124,044
GOSA Innovation Fund
$350,000
__
FFE/Tech Hardware Grant
$226,854
$157,696
Private Funding
$1,118,918
$1,463,726
Gates Foundation
$1,030,964
$876,875
__
$11,750
$26,322,215
$24,509,599
Title IA
Other/Misc Revenue Total Revenue
Revenue Assumptions: $12,300 per student from Atlanta Public Schools Projected enrollment of 1,880 Continued support from various foundations Continued educational partnerships
*Projected for May and June 2016
REVENUE BREAKDOWN Base Title IA Rotary Goizueta Pre-K OES GOSA Private Gates
3%
2%
1% 0%
1% 4% 2%
4%
83%
Expenses Breakdown Total Expenses 15%
Instructional Technology
11%
Facility Administrative
7% 67%
Combined Educational Expenses (Instructional + Technology): 74%
Personnel Expenses: 68% Non-Personnel Expenses: 32%
HOW DOES SPENDING AFFECT STUDENTS? •
Drew students are able to participate in innovative enrichment programing in the arts and sciences that are not available in traditional public schools
•
A grant from the Governor’s Office of Student Achievement will help prevent summer learning loss for Elementary Academy students and support a Maker Space culture at all academies with new technology
•
The College and Career Readiness Office provides targeted support to ensure all students graduate and are prepared for post-secondary options
INVESTING IN OUR TEACHERS •
Generous professional development funding from the Gates Foundation allows teachers to attend trainings around the country to improve their craft
•
Teachers receive generous compensation and stipends for their hard work and dedication
•
Teachers have the opportunity to advance professionally and gain leadership roles within the school
CHANGES IN 2016-2017 •
New positions include- Dean of Students for EA, JA and SA, JA Spanish, SA Spanish, Project-Based Learning Coach, STEAM Coordinator, 12th Grade teachers, Additional SA Counselor, Early College Support Liaison
•
Business office transition from Edison- Controller, Payroll and AP, Finance Business Manager, Director of Talent and Human Resource Analyst
•
2016-2017 will mark the completion of the cradle to college pipeline with the 12th grade class
April 26, 2016
BUDGET PLANNING PROCESS Date
Task
February 22, 2016
Budget kickoff meeting with Head of Schools
February 24, 2016
Administration and Departments kickoff meeting
February 26, 2016
Budget templates emailed to Department Heads by Finance
March 8, 2016
1st Budget meeting with Principals
March 15, 2016
2nd Budget meeting with Principals - Templates Due
March 22, 2016
3rd Budget meeting with Principals
March 29, 2016
4th Budget meeting with Principals
March 30, 2016
Regular Finance Committee meeting - Non Budget oriented (9:30 am - 10am)
March 30, 2016
Draft Budget review with Finance Committee
April 13, 2016
2nd Budget review with Finance Committee (Dial-in)
April 20, 2016
Final Budget presented to Finance Committee
April 25, 2016
Public Hearing on Budget (8:30 am)
April 26, 2016
Public Hearing on Budget (6:00 pm)
April 28, 2016
Treasurer presents the Fiscal Year 2016 Budget to the Board (Final adoption)
ENROLLMENT PROJECTIONS
2016-2017 Projections
180 160 140 120 100 80 60 40 20 0 Current Enrollment Projected 2016-17
PK
K
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
11th
12th
91 90
162 160
162 160
159 165
160 160
139 160
137 144
127 140
120 135
127 135
131 125
82 125
84 95
0 86
Current Enrollment
1,681
Projected 2016-17
1,880
REVENUE SOURCES Source Base Revenue (K-12)
2016-2017 Projected
2015-2016 Projected
$21,686,745
$19,762,834
$443,564
$443,564
Rotary Literacy Center
$50,000
$50,000
ELF: Goizueta Foundation/Coca-Cola
$97,733
$271,333
ELF: Pre-K (Cox)/ELELA
$500,000
$783,564
Bright From the Start Pre-K
$310,000
$313,857
ELF: Extended Services
$306,981
$250,355
ELF: College and Career Readiness
$200,456
124,044
GOSA Innovation Fund
$350,000
__
FFE/Tech Hardware Grant
$226,854
$157,696
Private Funding
$1,118,918
$1,463,726
Gates Foundation
$1,030,964
$876,875
__
$11,750
$26,322,215
$24,509,599
Title IA
Other/Misc Revenue Total Revenue
Revenue Assumptions: $12,300 per student from Atlanta Public Schools Projected enrollment of 1,880 Continued support from various foundations Continued educational partnerships
*Projected for May and June 2016
REVENUE BREAKDOWN Base Title IA Rotary Goizueta Pre-K OES GOSA Private Gates
3%
2%
1% 0%
1% 4% 2%
4%
83%
Expenses Breakdown Total Expenses 15%
Instructional Technology
11%
Facility Administrative
7% 67%
Combined Educational Expenses (Instructional + Technology): 74%
Personnel Expenses: 68% Non-Personnel Expenses: 32%
HOW DOES SPENDING AFFECT STUDENTS? •
Drew students are able to participate in innovative enrichment programing in the arts and sciences that are not available in traditional public schools
•
A grant from the Governor’s Office of Student Achievement will help prevent summer learning loss for Elementary Academy students and support a Maker Space culture at all academies with new technology
•
The College and Career Readiness Office provides targeted support to ensure all students graduate and are prepared for post-secondary options
INVESTING IN OUR TEACHERS •
Generous professional development funding from the Gates Foundation allows teachers to attend trainings around the country to improve their craft
•
Teachers receive generous compensation and stipends for their hard work and dedication
•
Teachers have the opportunity to advance professionally and gain leadership roles within the school
CHANGES IN 2016-2017 •
New positions include- Dean of Students for EA, JA and SA, JA Spanish, SA Spanish, Project-Based Learning Coach, STEAM Coordinator, 12th Grade teachers, Additional SA Counselor, Early College Support Liaison
•
Business office transition from Edison- Controller, Payroll and AP, Finance Business Manager, Director of Talent and Human Resource Analyst
•
2016-2017 will mark the completion of the cradle to college pipeline with the 12th grade class
