Leman Academy of Excellence - Parker FY 2020-2021 Proposed Budget - - PowerPoint PPT Presentation

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Leman Academy of Excellence - Parker FY 2020-2021 Proposed Budget - - PowerPoint PPT Presentation

Nov 05, 2022 134 likes •229 views

Leman Academy of Excellence - Parker FY 2020-2021 Proposed Budget Forecast Current School Year FY 2019-2020 Financial Forecast Funded Pupil Count of 714.82 Revenues of $7M Expenses of $6.76M Net Income of $290k Debt Service

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SLIDE 1

Leman Academy of Excellence - Parker

FY 2020-2021 Proposed Budget

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SLIDE 2

Current School Year

Forecast

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SLIDE 3

FY 2019-2020 Financial Forecast

  • Funded Pupil Count of 714.82
  • Revenues of $7M
  • Expenses of $6.76M
  • Net Income of $290k
  • Debt Service Coverage Ratio 1.57x
  • Days Cash on Hand of 84 days
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SLIDE 4

Next School Year

Proposed Budget

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SLIDE 5

Revenues

  • Assumes NO inflation adjustment to Revenue
  • Enrollment of 870; Funded Pupil Count of 857.40
  • Total Revenue of $8.34M
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SLIDE 6

Expenditures

Salaries: New positions

  • Vice Principal
  • 8 Teachers
  • 1 Social Worker
  • 1 Facilities Position (PT)
  • 1 Health Office Asst (PT)
  • 1 Admin Asst (PT)
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SLIDE 7

Expenditure Increases

Salaries

  • Cost of Living Adjustment of 6%
  • 11.5 FTE increase

Benefits

  • Employer Health Benefits 9%

increase

  • PERA .45% increase to 20.9% ER

cost

Management Fee

  • 9% of Revenue
  • Revenues = $8.343M
  • Expenditures = $8.288M*
  • Net Income $55k
  • DSCR 1.43x
  • Days Cash on Hand = 126

*includes $650k in depreciation

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SLIDE 8