Operating Budget: Projected Revenues and Expenditures

Transcription

1 Operating Budget: Projected Revenues and Expenditures Name of CMVS TEC Connections Academy, a Commonwealth Virtual School Pre- Operational Period FY2014 Year 1 Year 2 Year 3 FY2015 FY2016 FY2017 MAJOR ASSUMPTIONS A Per Pupil Tuition 4,925 4,925 4,925 B Student Enrollment 1,500 3,000 4,000 C Administrative Facility Cost D Staff FTE: (1.0 FTE = 40 hours) D1. Administrative (Professional) D2. Administrative (Support/Clerical) D3. Instructional: Teachers D4. Instructional: Other (Professional) D5. Instructional: Paraprofessionals D6. Instructional: Salaries - Support/Clerical D7. Other Student Services D8. Operations and Maintenance E Staff FTE: Subtotal: OPERATING REVENUES 1 Tuition 2 Grants - State 3 Grants - Federal 4 Grants - Private 5 Nutrition Funding - State & Federal 6 Program Fees 7 Contributions, in-kind 30,000 8 Contributions, in-cash 9 Investment Income 10 TOTAL OPERATING REVENUES 30,000 7,387,500 14,775,000 19,700, ,000 50,000 7,737,500 14,825,000 19,700,000 Version 1 (Jan 2013) Page 1 of 6

2 OPERATING EXPENDITURES Administration 11 Salaries - Administrative (Professional) 12 Salaries - Administrative (Support/Clerical) 13 Accounting-Audit 14 Legal 15 Payroll 16 Other Professional Services 17 Information Management and Technology 18 Office Supplies and Materials 19 Professional Development, Administrative/Board 20 Dues, Licenses, and Subscriptions 21 Fundraising 22 Recruitment/Advertising - staff and board members 23 Recruitment/Advertising - students 24 Travel expenses for staff/board 25 Bank Charges - Current (Short Term) 26 Purchased Management Services (Partner Provider) 27 Subtotal: 0 98, , ,080 90, , ,000 10,000 5,000 5, , ,250 1,153,500 49,500 99, ,000 15,000 5,000 5,000 25,000 15,000 25, ,000 75, , ,000 1,204,000 1,600,000 1,373,130 2,631,410 3,498,180 Instructional Services General Special General Special General Special Education Education Education Education Education Education 28 Salaries - Teachers 1,241, ,000 2,542, ,200 3,484, , Salaries - Other (Professional) 369,750 77, ,750 77, ,250 77, Salaries - Paraprofessionals 31 Salaries - Support/Clerical 32 Contracted Services, Instructional 10, Instructional Technology - Staff 25,800 49,800 66, Instructional Supplies & Materials - Staff 17,500 35,000 47, Instructional Technology - Students 1,001,096 2,002,192 2,669, Instructional Supplies & Materials - Students 2,147,207 4,295,934 5,748, Testing & Assessment 50,000 75, , Professional Development, Instructional 10,000 15,000 20, Dues, Licenses, and Subscriptions 40 Staff Stipends in addition to base salary 41 Purchased Management Services (Partner Provider) 189, , , , , , Subtotal: 10,000 5,051, ,500 9,951, ,450 13,292,002 1,003,400 Version 1 (Jan 2013) Page 2 of 6

3 Other Student Services 43 Salaries - Other Student Services MASSACHUSETTS DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION 44 Contracted - Other Student Services 23,000 38,000 53, Student Transportation 46 Purchased Management Services (Partner Provider) 47 Subtotal: 0 Operation and Maintenance of Plant (Admin Facilities) 48 Salaries - Operation and Maintenance of Plant 49 Utilities 3,333 40,000 42,500 45, Maintenance of Buildings & Grounds 20,000 20,000 20, Rental/Lease of Buildings & Grounds 15, , , , Rental/Lease of Equipment 53 Rental/Lease of Testing Facilities 54 Capital Debt Service 55 Acquisition of Capital Equipment 50,000 50,000 50, Subtotal: 18,667 23,000 38,000 53, , , ,000 Fixed Charges 57 Payroll taxes 58 Fringe Benefits 59 Insurance (non-employee) 60 Purchased Management Services (Partner Provider) 61 Subtotal: 0 Community Services (Including Dissemination) 62 Civic Activities 63 Subtotal: 0 175, , , , , ,491 1,500 1,500 1, ,008 1,003,351 1,325, Contingency Fund 65 TOTAL OPERATING EXPENDITURES 28, SURPLUS/(DEFICIT) 1,333 7,697,992 14,710,437 19,470,819 39, , ,181 Version 1 (Jan 2013) Page 3 of 6

4 Operating Budget: Instructions/Notes Please specify each time period by fiscal year. MAJOR ASSUMPTIONS Assume school choice tuition amount minus the $75 ESE administration feel ($4,925) Should correspond to growth projections from the application. Should reflect the cost of the administrative facility(ies) Provide FTE hours assumption (e.g., 1.0 FTE = 40 hours) and the projected FTE's, if applicable, for personnel on payroll by category. Corresponds to line 11 in expenditures below. Corresponds to line 12 in expenditures below. Corresponds to line 28 in expenditures below. Corresponds to line 29 in expenditures below. Corresponds to line 30 in expenditures below. Corresponds to line 31 in expenditures below. Corresponds to line 43 in expenditures below. Corresponds to line 48 in expenditures below. OPERATING REVENUES Tuition paid to the CMVS from the sending district through the state (funds go from state to sending district to state to CMVS) Grants awarded directly by the Commonwealth of MA. Grants awarded by the federal government (including those that pass through the MADOE such as Title I, IDEA, etc.). Grants awarded by private foundations or corporations. Funding for nutrition programs is split between the federal and state governments. If applicable Monetary value of in-kind donations for services that would otherwise need to be purchased. (This should be expensed below to avoid overstating revenues). Donations from individuals or corporations. Income generated from investments. (Please be aware of restrictions on investing government funds, specifically federal grants funds.) Total Operating Revenues calculates automatically. Version 1 (Jan 2013) Page 4 of 6

5 OPERATING EXPENDITURES Administration (Non-instructional costs) Non-instructional personnel on payroll such as executive director, business manager, etc. on payroll. (Principals and Instructional Leaders should be noted in line 210). Non-instructional administrative support personnel on payroll who support the organization as a whole. Contracted professional services for accounting, independent audits, bookkeeping, etc. Contracted professional services for legal counsel. Contracted professional services for payroll. Other contracted professional services. Non-capitalized computers, servers, networks, scanners, software and licenses used for data processing that supports the needs of the administration as a whole. Non-instructional administrative support including postage, printing, etc. Professional development for non-instructional administrative staff and the Board of trustees. Dues, licenses, and subscriptions for non-instructional administrative staff or that support the organization as a whole. Contracted professional services and related costs. Recruiting/advertising for staff and board members. Recruiting/advertising for students. Travel expenses for staff/board that are paid for or reimbursed by the school. Short-term lines of credit interest or regular bank charges. Non-instructional administrative services provided by a Partner Provider as specified in the contract. Instructional Services Classroom teachers and specialists on payroll (potential bonuses that are considered part of an employees salary compensation should be included, if applicable). Instructional personnel on payroll such as Principals, Curriculum Directors (including SPED), Instructional Technology Coordinators, Occupational/Speech Therapists, Guidance Counselors, etc. Classroom instructional aids/assistance and paraprofessionals on payroll. Administrative support personnel on payroll who support classroom instruction by preparing, transcribing, systematizing or preserving communications, records and transactions. (e.g., a SPED clerical assistant). Contracted professional services, including all related expenses covered by the contract, for guidance, psychological, occupational therapy, etc. (non-payroll substitute teachers should be included here). Non-capitalized computers, servers, networks, scanners, digital cameras, etc. and software and licenses used for instruction (including non-capitalized hardware/software) for staff. Textbooks, paper, supplies, including bulk photocopying for instructional purposes for staff. Non-capitalized computers, servers, networks, scanners, digital cameras, etc. and software and licenses used for instruction (including non-capitalized hardware/software) for students Textbooks, paper, supplies, including bulk photocopying for instructional purposes for students. Materials and services related to the administration of tests and assessments. (except transportation) Professional development of instructional personnel. Dues, licenses, and subscriptions for instructional staff. Staff stipends for additional duties that are not included as part of their salary contract. Instructional services provided by a Partner Provider as specified in the contract. Version 1 (Jan 2013) Page 5 of 6

6 Other Student Services School nurses, food service coordinators, coaches, etc. on payroll. Contracted professional services and related costs. Testing, field trips, etc. (including reimbursements to parents/guardians) Other students services provided by a Partner Provider as specified in the contract. Operation and Maintenance of Plant Plant managers, custodians, maintenance staff, etc. on payroll. Coal, fuel, oil, electivity, gas, water, trash, waste disposal, telephone services, etc. Custodial and maintenance services including building security. Operating lease/rental for building and grounds. Operating lease/rental for equipment, such as a photocopier. Operating lease/rental for testing facilities. Annual payments for long-term capital debt. Annual costs for acquisition of capital equipment (including computer labs, furniture, etc.). Fixed Charges Includes school contributions on behalf of its employees for Medicaid, social security, worker's compensation, and unemployment insurance. Health and life insurance premiums or payments, pension plans, and other employee retirement systems paid by the school for the benefit of the employee (school's portion). Insurance premiums for property, fire, liability, fidelity bonds; judgments against the school resulting from self-insurance. Fixed charges provided for by an Educational Management Organization (EMO) as specified in the contract. Services provided by the school for the community such as parent meetings, school council meetings, etc. Funds purposefully set aside as a contingency. Total Operating Expenditures calculates automatically. Surplus/(Deficit) calculates automatically. Version 1 (Jan 2013) Page 6 of 6