P.M. Wells Charter Academy Actual vs. vs. Forecast Analysis For the Period Ended 12/31/217 YTD Actual YTD % $ YTD Effect Explanation (15% and $2,) ENROLLMENT (per school's record) 628 78 (8) -11% ENROLLMENT (per funding source) 583 78 (125) -18% RATE PER STUDENT $ 6,599 $ 6,849 $ (25) -4% $ (352,45) REVENUES Earned Capitation (19,799) 4,144,47.34 State/Local Per Student Funding $ 2,82,75 $ 2,424,585 $ (341,835) -14% ~Reduction due to enrollment shortfall Florida Teacher Lead Program 1,841-1,841 1% Title Grant Revenue 13,891 141,75 (127,859) -9% ~ Based on revised Grant Funding Capital Outlay Funding 86,39 115,26 (28,816) -25% ~ Based on revised funds allocation from FLDOE Local Capital Outlay Funding 9,65-9,65 1% ~ HB 769 Revenue District Fee Refund [>25 students] 62,86 78,42 (15,56) -2% ~Reduction due to enrollment shortfall Total Earned Capitation 2,266,337 2,759,961 (493,624) -18% Before and Aftercare Revenue 26,911 34,641 (7,73) -22% Interest Income - 112 (112) -1% Miscellaneous Income 19,238 16,311 2,927 18% 1 TOTAL REVENUES 2,312,486 2,811,25 (498,539) -18% ~Reduction due to enrollment shortfall EXPENSES Cost of Compensation School Leadership 78,561 73,427 (5,134) -7% Administrative 87,775 96,234 8,459 9% Teachers 622,427 73,9 17,582 15% ESE/Special Education 36,314 38,635 2,321 6% Resource Teachers 42,326 41,831 (495) -1% Guidance 2,45 22,455 2,5 9% Other Support - 17,52 17,52 1% IT Support 1,55 1,2 (53) -1% Daily Substitute Teachers 45,77 26,6 (18,477) -69% Permanent Subs 14,327 - (14,327) -1% Aides - Instructional 47,351 36,65 (1,71) -29% ~ Lower than budgeted due to 5 less position ~ Due to 1 vacant (SRO) position ~ Actuals includes 5 Perm Subs Aftercare 25,263 26,5 787 3% Nurse 6,543 8,64 1,521 19% Plant Operations 1,93 1,994 64 1% Tutoring 1,24 11,274 1,34 89% ~ Less need for tutoring Bonuses 2,438 51,5 49,62 95% ~ To be paid out later on in the year Stipends 5,994 8,563 2,569 3% ~ To be paid out later on in the year Contracted SPED - Instruction 24,368 23,744 (624) -3% Total Taxes & Benefits 178,266 178,458 192 % 2 Total Cost of Compensation 1,349,75 1,411,992 62,287 4%
P.M. Wells Charter Academy Actual vs. vs. Forecast Analysis For the Period Ended 12/31/217 YTD Actual YTD % $ YTD Effect Explanation (15% and $2,) Professional Services Legal Fees 1,437 4,463 3,26 68% ~ To be paid out later on in the year Accounting Services - Audit 11, 11, Outside Staff Development 3 - (3) -1% Support Center General Overhead 44,88 44,88 Computer Service Fees 38,474 34,68 (3,794) -11% ~Reduction due to enrollment shortfall Temporary Agency Fees 375 - (375) -1% Fee:County School Board 14,17 121,23 17,123 14% ~Reduction due to enrollment shortfall Professional Fees - Other 4,865 575 (4,29) -746% ~Includes Cost for Traffic Officer Advertising/Marketing Exp 12,762 12,865 13 1% Staff Recruitment 964 358 (66) -169% 3 Total Professional Services 578,12 589,259 11,157 2% Vendor Services Contracted Pupil Transportation 41,344 54,685 13,341 24% Extra-Curricular Activity Events 735 - (735) -1% Licenses & Permits 618 27 (348) -129% Bank Charges & Loan Fees 434 5 66 13% Contracted Custodial Services 7,832 7,832 4 Total Vendor Services 113,963 126,287 12,324 1% ~Fewer students utitlizing Transportation Administrative Expenses Travel / Auto / Meals / Lodging/Airfare 1,96 1,23 134 11% Business Expense - Other 28,73 34,36 5,36 16% Dues & Subscriptions 1,254 1,81 (173) -16% Printing & Copying 431 2,735 2,34 84% Office Supplies 8,916 13,751 4,835 35% Supplies - Aftercare - 46 46 1% Medical Supplies 533 33 (23) -62% In-house Food Service 1,19 1,26 16 1% 5 Total Administrative Services 42,15 54,415 12,265 23% ~ Foundation Admin Fees
P.M. Wells Charter Academy Actual vs. vs. Forecast Analysis For the Period Ended 12/31/217 YTD Actual YTD % $ YTD Effect Explanation (15% and $2,) Instruction Expense Textbooks 19,779 3,756 1,977 36% Instructional Licenses 5,483 61,746 11,263 18% Consumable Instr. Supplies & Equip.-Students 23,172 18,658 (4,514) -24% Consumable Instr. Supplies & Equip.-Teachers - - Library & Reference Books 236 - (236) -1% Testing Materials 1,578 3,481 1,93 55% Instructional Supplies - Florida Lead Teacher Progra 1,84 - (1,84) -1% 6 Total Instruction Expense 16,88 114,641 8,553 7% ~ Unplanned grant which is offset with Revenue Other Operating Expenses Telephone/Internet/Cable/Satellite 25,689 44,328 18,639 42% Postage & Express Mail - 296 296 1% Electricity & Natural Gas 74,758 74,716 (42) % Water & Sewer 4,358 3,648 (71) -19% Waste Disposal 12,962 7,65 (5,312) -69% Pest Control 1,4 1,4 Maintenance & Cleaning Supplies 5,75 7,41 1,75 23% Building Repairs & Maintenance 75,519 79,62 4,11 5% Equipment Repairs & Maintenance 6,19 869 (5,24) -63% Miscellaneous Expenses 66 2,428 1,768 73% 7 Total Other Operating Expenses 26,8 222,5 15,25 7% ~ Usage/Rates lower than planned ~ Usage slightly higher than planned ~ Montly charges higher than planned Fixed Expenses Office Equipment - Leasing Expense 9,42 9,15 (27) -3% Property & Liability Insurance 34,277 38,872 4,595 12% 8 Rent Expense 291, 291,11 11 % Total Fixed Expenses 334,697 339,33 4,336 1% ~ Savings due to lower insurance premium than budgeted 9 TOTAL EXPENSES 2,731,55 2,857,632 126,127 4% Operating Surplus/(Deficit) (419,19) (46,67) (372,412) 799% Non-Operating Expenses 1 Capital Expenditures (NonCap) 7,743 - (7,743) -1% ~ Offset in capitalized expenditures 11 Capital Expenditures (Capitalized) 136,889 161,588 24,699 15% 12 CHANGE IN FUND BALANCE (563,651) (28,195) (355,456) 171%
Review at Osceola County, FL Fiscal Year 217-18 Narrative Assumptions: 1. Revenue Enrollment: First Count of 628 vs of 78 Rate per Student: $6,599 vs of $6,849 FEFP decreased of 4% for PM Wells Includes Title 1 Revenue of $235,2 Include Revenue for HB 769 for $19,21 Capital Outlay Revenue reduction of $57,787 2. Compensation School Resource Officer (SRO) forecasted for 2/18 New Director of Student Services hired for 21 st Century Bonus decrease of $5, due to enrollment shortfall Stipends mitigated by $6,4 3. Professional Services Fee to County School board and Computer Service Fee as a result of lower enrollment 4. Instructional Expense Overall reduction of $34,44 5. Other Operating Expense Overall Reduction of $36,463 primarily due to Telephone/Internet/Cable 6. Fixed Expenses Property & Liability Insurance savings of $8,952 7. Capital Expenditures Overall savings of $36,637 primarily due to mitigation of Computer Hardware costs
217-18 AMENDED BUDGET Consolidated -PMWCA 217-18 217-18 Bdgt to Fcst FY 17-18 % Highlights Enrollment 628 78 (8) -11% Rate per student 6,599 6,849 (25) -4% Square footage 56,254 56,254 Revenues State Capitation / Student $ 4,144,47 $ 4,849,99 (74,628) -15% ~Reduction due to enrollment shortfall Florida Teacher Lead Program 1,841-1,841 Title Grant Revenue 235,2 283,5 (48,3) -17% ~ Based on revised Grant Funding Capital Outlay Revenue 172,628 23,415 (57,787) -25% ~ Based on revised funds allocation from FLDOE Local Capital Outlay Funding 19,21 19,21 ~ HB7 769 Board Fee Refund 124,99 156,842 (31,933) -2% ~Reduction due to enrollment shortfall Total State Funded Revenue 4,77,258 5,519,856 $ (812,598) -15% Before and Aftercare Revenue 51,754 65,818 (14,64) -21% ~Reduction due to enrollment shortfall Interest Revenue 112 112 Miscellaneous Income 48,933 48,933 Total Other Revenue 1,799 114,863 $ (14,65) -12% Revenue Total $ 4,88,56 $ 5,634,719 $ (826,662) -15% Expenses School Leadership $ 162,542 $ 146,855 (15,687) -11% Administrative-Salaried 11,765 116,14 14,375 12% Teachers 1,42,811 1,66,18 23,27 13% ~ Lower than budgeted due to 5 less positions ESE/Special Education 82,769 85, 2,231 3% Resource Teachers 93,115 92,28 (1,87) -1% Guidance 45,27 49,42 4,195 8% Permanent Subs 194,449 - (194,449) ~ Actuals includes 5 Perm Subs Other Support 7,292 35, 27,78 79% ~ Lower than budgeted due to 1 vacant (SRO) position IT Support 2,256 2, (256) -1% Total Salaries $ 2,11,26 $ 2,15,443 $ 4,237 2% Administrative-Hourly $ 9,81 $ 76,325 (13,756) -18% ~ Due to 1 add'l position for 2 months & overtime Aides - Instructional 82,457 8,625 (1,832) -2% Aftercare 4,95 57,35 16,355 29% ~ Lower than budgeted due to 1 less position Plant Operations-Hourly 21,838 21,989 151 1% Nurse-Hourly 15,339 16,125 786 5% Daily Substitute Teachers 58,52 58,52 Tutoring 33,145 33,145 Total Hourly Wages $ 342,33 $ 344,33 $ 1,74 % Bonuses 49, 54, 5, 9% ~Reduction due to enrollment shortfall Stipends 19, 25,4 6,4 25% ~Stipend Mitigation Taxes & Benefits Group Insurance & Other $ 165,332 $ 174,527 9,195 5% Workers' Compensation 25,95 26,227 1,132 4% Payroll Taxes 197,58 229,194 31,615 14% Total Taxes & Benefits $ 388,7 $ 429,948 $ 41,941 1% Total Cost Of Compensation $ 2,98,543 $ 3,3,825 $ 95,282 3% Professional Services Legal Fees - Independent Counsel $ 11,196 $ 11,196 Accounting Services - Audit 11, 11, Outside Staff Development 12,25 17,75 5,5 31% ~Reduction due to Mitigation Support Center General Overhead 88,18 88,18 Computer Service Fees 65,495 69,365 3,87 6% ~Reduction due to enrollment shortfall Temporary Agency Fees 375 - (375) Fee to County School Board 27,193 242,455 35,262 15% ~Reduction due to enrollment shortfall Professional Fees - Other 9,556 1,372 (8,184) -597% ~Includes Cost for Traffic Officer Grant Expense - Title I 1, 2,46 (7,594) -316% Advertising/Marketing Exp 4, 4, Staff Recruitment 1,4 1,4 Total Professional Services $ 1,176,285 $ 1,24,764 $ 28,48 2% Vendor Services Contracted Pupil Transportation $ 114,63 $ 114,63 Extra-Curricular Activity Events 735 375 (36) -96% Background / Finger Printing 5 5 Drug Testing Fees 36 36
217-18 AMENDED BUDGET Consolidated -PMWCA 217-18 217-18 Bdgt to Fcst FY 17-18 % Licenses & Permits 618 27 (348) -129% Bank Charges & Loan Fees 2,234 2,643 48 15% Contracted SPED - Non Instruction 5 5 Contracted Custodial Services 141,664 141,664 Total Vendor Services $ 26,674 $ 26,374 $ (3) % Highlights Administrative Expenses Travel / Auto / Airfare / Meals / Lodging $ 11,973 $ 11,973 Business Expense - Other 68,742 68,742 ~ Foundation Admin Dues & Subscriptions 1,5 1,5 Printing & Copying 2,231 5,396 3,165 59% Office Supplies 15, 25,5 1,5 41% Aftercare Supplies 99 99 Medical Supplies 991 991 In-house Food Service 1,499 1,499 Total Administrative Expenses $ 12,35 $ 115,71 $ 13,665 12% Instruction Expense Textbooks $ 19,779 $ 43,592 23,813 55% Consumable Instr Supplies $ Equip - Students 23,172 2,483 (2,688) -13% Consumable Instr Supplies $ Equip - Teachers 7,811 1,5 2,689 26% Library & Reference Books 236 - (236) Testing Materials 14, 14, Instructional Supplies - Florida Lead Teacher Program 1,841 - (1,841) ~ Expense offset by Grant Revenue Instructional Licenses 51,28 61,746 1,466 17% Contracted SPED - Instruction 51,64 51,64 Total Instruction Expenses $ 178,757 $ 21,961 $ 23,23 11% Other Operating Expense Telephone & Internet $ 51,489 $ 94,69 42,58 45% ~ Usage/Rates lower than planned Postage/Express Mail 317 317 Electricity 147,829 147,829 Water & Sewer 8,738 9,433 695 7% Waste Disposal 24,962 15,3 (9,662) -63% ~ Monthly charges higher than planned Pest Control 2,81 2,81 Maintenance & Cleaning Supplies 11, 14,821 3,821 26% Building Repairs & Maintenance 159,24 159,24 Equipment Repairs & Maintenance 6,19 5,139 (97) -19% Miscellaneous Expenses 2,428 2,428 Total Other Operating Expense $ 414,193 $ 45,656 $ 36,463 8% Fixed Expenses Office Equipment - Leasing Expense $ 18,3 $ 18,3 Property & Liability Insurance 5,468 59,42 8,952 15% Depreciation 268,485 347,181 78,696 23% Total Fixed Expenses $ 337,252 $ 424,91 $ 87,649 21% Total Expenses $ 5,377,739 $ 5,662,181 $ 284,442 5% Operating Cash Surplus/(Deficit) (569,682) (27,462) (542,22) 1974% Rent Expense 582,11 582,11 Surplus/(Deficit) Before Capex (1,151,693) (69,473) (542,22) 89% Capital Expenditures (NonCap) Furniture, Fixture & Equipment (NonCap) $ 2,98 $ - (2,98) ~ Offset in Capitalized Expenditures Computer Hardware (NonCap) 2,551 - (2,551) ~ Offset in Capitalized Expenditures Computer Software (NonCap) 2,285 - (2,285) ~ Offset in Capitalized Expenditures Total Capital Expenditures (NonCap) $ 7,743 $ - $ (7,743) Capital Expenditures (Capitalized) Computers - Hardware $ 29,359 $ 6,113 3,754 51% ~Reduction due to Mitigation Computer - Software 12,526 11,5 (1,26) -9% IT Infrastructure 3, 12, 9, 75% ~Reduction due to Mitigation Furniture, Fixture & Equipment 8,685 8,466 (219) -3% Smartboards 81,75 9, 8,295 9% Other 2,423 - (2,423) ~ Unbudgeted Pavers Total Capital Expenditures (Capitalized) $ 137,699 $ 182,79 $ 44,38 24% Surplus/(Deficit) After Capital Expenses (1,297,135) (791,552) (55,583) 64% Add back Depreciation and Amortization 268,485 347,181 (78,696) -23%
217-18 AMENDED BUDGET Consolidated -PMWCA 217-18 217-18 Bdgt to Fcst FY 17-18 % Highlights Net Change in Fund Balance $ (1,28,651) $ (444,372) $ (584,279) 131% Beginning Fund Balance 1,894,923 (1,28,651) 866,272 Cumulative Committed Funds 21, Committed Funds 67, Cumulative Committed Funds 268, Unrestricted Fund Balance 598,272
217-18 AMENDED BUDGET Operating -PMWCA 217-18 217-18 Bdgt to Fcst FY 17-18 % Highlights Enrollment 628 78 (8) -11% Rate per student 6,599 6,849 (25) -4% Square footage 56,254 56,254 Revenues State Capitation / Student $ 4,144,47 $ 4,849,99 (74,628) -15% ~Reduction due to enrollment shortfall Florida Teacher Lead Program 1,841-1,841 Capital Outlay Revenue 172,628-172,628 ~ Based on revised funds allocation from FLDOE Local Capital Outlay Funding 19,21 ~ HB7 769 Board Fee Refund 124,99 156,842 (31,933) -2% ~Reduction due to enrollment shortfall Total State Funded Revenue 4,472,58 5,5,941 $ (533,882) -11% Before and Aftercare Revenue 51,754 65,818 (14,64) -21% ~Reduction due to enrollment shortfall Interest Revenue 112 112 Miscellaneous Income 48,933 48,933 Total Other Revenue 1,799 114,863 $ (14,65) -12% Revenue Total $ 4,572,857 $ 5,12,84 $ (547,947) -11% Expenses School Leadership $ 162,542 $ 146,855 (15,687) -11% Administrative-Salaried 11,765 116,14 14,375 12% Teachers 1,38,597 1,455,2 146,423 1% ESE/Special Education 82,769 85, 2,231 3% Resource Teachers 93,115 92,28 (1,87) -1% Guidance 45,27 49,42 4,195 8% Permanent Subs 194,449 - (194,449) ~ Actuals includes 5 Perm Subs Other Support 7,292 35, 27,78 79% ~ Lower than budgeted due to 1 vacant (SRO) position IT Support 2,256 2, (256) -1% Total Salaries $ 2,15,991 $ 1,999,445 $ (16,546) -1% Administrative-Hourly $ 9,81 $ 67,266 (22,815) -34% ~ Due to 1 add'l position for 2 months & overtime Aides - Instructional 32,537 32,25 (287) -1% Aftercare 4,95 57,35 16,355 29% ~ Lower than budgeted due to 1 less position Plant Operations-Hourly 21,838 21,989 151 1% Nurse-Hourly 15,339 16,125 786 5% Daily Substitute Teachers 58,52 58,52 Tutoring 33,145 14,725 (18,42) -125% Total Hourly Wages $ 292,41 $ 268,18 $ (24,23) -9% Bonuses 49, 54, 5,1 9% ~Reduction due to enrollment shortfall Stipends 19, 25,4 6,4 25% ~Stipend Mitigation Taxes & Benefits Group Insurance & Other $ 165,332 $ 174,527 9,195 5% Workers' Compensation 25,95 26,227 1,132 4% Payroll Taxes 171,795 229,194 57,399 25% Total Taxes & Benefits $ 362,222 $ 429,948 $ 67,726 16% Total Cost Of Compensation $ 2,738,623 $ 2,776,973 $ 38,349 1% Professional Services Legal Fees - Independent Counsel $ 11,196 $ 11,196 Accounting Services - Audit 11, 11, Outside Staff Development 12,25 15, 2,75 18% ~Reduction due to Mitigation Support Center General Overhead 88,18 88,18 Computer Service Fees 65,495 69,365 3,87 6% ~Reduction due to enrollment shortfall Temporary Agency Fees 375 - (375) Fee to County School Board 27,193 242,455 35,262 15% ~Reduction due to enrollment shortfall Professional Fees - Other 9,556 1,372 (8,184) -597% ~Includes Cost for Traffic Officer Advertising/Marketing Exp 4, 4, Staff Recruitment 1,4 1,4 Total Professional Services $ 1,166,285 $ 1,199,68 $ 33,324 3% Vendor Services Contracted Pupil Transportation $ 114,63 $ 114,63 Extra-Curricular Activity Events 735 375 (36) -96% Background / Finger Printing 5 5 Drug Testing Fees 36 36 Licenses & Permits 618 27 (348) -129% Bank Charges & Loan Fees 2,234 2,643 48 15%
217-18 AMENDED BUDGET Operating -PMWCA 217-18 217-18 Contracted SPED - Non Instruction 5 5 Contracted Custodial Services 141,664 141,664 Total Vendor Services $ 26,674 $ 26,374 $ (3) % Bdgt to Fcst FY 17-18 % Highlights Administrative Expenses Travel / Auto / Airfare / Meals / Lodging $ 11,973 $ 11,973 Business Expense - Other 68,742 68,742 ~ Foundation Admin Dues & Subscriptions 1,5 1,5 Printing & Copying 2,231 5,396 3,165 59% Office Supplies 15, 25,5 1,5 41% Aftercare Supplies 99 99 Medical Supplies 991 991 In-house Food Service 1,499 1,499 Total Administrative Expenses $ 12,35 $ 115,71 $ 13,665 12% Instruction Expense Textbooks $ 19,779 $ 43,592 23,813 55% Consumable Instr Supplies $ Equip - Students 19,539 16,486 (3,54) -19% Consumable Instr Supplies $ Equip - Teachers 7,443 1,5 3,57 29% Library & Reference Books 236 - (236) Testing Materials 14, 14, Instructional Supplies - Florida Lead Teacher Program 1,84 - (1,84) ~ Expense offset by Grant Revenue Instructional Licenses - 14,251 14,251 1% Contracted SPED - Instruction 51,64 51,64 Total Instruction Expenses $ 123,477 $ 15,468 $ 26,991 18% Other Operating Expense Telephone & Internet $ 51,489 $ 94,69 42,579 45% ~ Usage/Rates lower than planned Postage/Express Mail 317 317 Electricity 147,829 147,829 Water & Sewer 8,738 9,433 695 7% Waste Disposal 24,962 15,3 (9,662) -63% ~ Monthly charges higher than planned Pest Control 2,81 2,81 Maintenance & Cleaning Supplies 11, 14,821 3,821 26% Building Repairs & Maintenance 159,24 159,24 Equipment Repairs & Maintenance 6,19 5,139 (97) -19% Miscellaneous Expenses 2,428 2,428 Total Other Operating Expense $ 414,193 $ 45,656 $ 36,463 8% Fixed Expenses Office Equipment - Leasing Expense $ 18,3 $ 18,3 Property & Liability Insurance 5,468 59,42 8,952 15% Depreciation 268,485 347,181 78,696 23% Total Fixed Expenses $ 337,252 $ 424,91 $ 87,649 21% Total Expenses $ 5,142,539 $ 5,378,68 $ 236,141 4% Operating Cash Surplus/(Deficit) (569,682) (257,876) (311,86) 121% Rent Expense 582,11 582,11 Surplus/(Deficit) Before Capex (1,151,693) (839,887) (311,86) 37% Capital Expenditures (NonCap) Furniture, Fixture & Equipment (NonCap) $ 2,98 $ - (2,98) ~ Offset in Capitalized Expenditures Computer Hardware (NonCap) 2,551 - (2,551) ~ Offset in Capitalized Expenditures Computer Software (NonCap) 2,285 - (2,285) ~ Offset in Capitalized Expenditures Total Capital Expenditures (NonCap) $ 7,743 $ - $ (7,743) Capital Expenditures (Capitalized) Computers - Hardware $ 29,359 $ 6,113 3,754 51% ~Reduction due to Mitigation Computer - Software 12,526 11,5 (1,26) -9% IT Infrastructure 3, 12, 9, 75% ~Reduction due to Mitigation Furniture, Fixture & Equipment 8,685 8,466 (219) -3% Smartboards 81,75 9, 8,295 9% Other 2,423 - (2,423) ~ Unbudgeted Pavers Total Capital Expenditures (Capitalized) $ 137,699 $ 182,79 $ 44,38 24% Surplus/(Deficit) After Capital Expenses (1,297,135) (1,21,966) (275,169) 27% Add back Depreciation and Amortization 268,485 347,181 (78,696) -23% Net Change in Fund Balance $ (1,28,65) $ (674,785) $ (353,865) 52%
217-18 AMENDED BUDGET Grants -PMWCA Title I 217-18 217-18 Enrollment 628 78 (8) -11% Rate per student - - - Square footage 56,254 56,254 Revenues Title Grant Revenue 235,2 283,5 (48,3) -17% Total State Funded Revenue 235,2 283,5 $ (48,3) -17% Revenue Total $ 235,2 $ 283,5 $ (48,3) -17% Expenses Teachers 94,215 15,998 56,784 38% Total Salaries $ 94,215 $ 15,998 $ 56,784 38% Administrative-Hourly $ - $ 9,59 9,59 1% Aides - Instructional 49,92 48,375 (1,545) -3% Tutoring - 18,42 18,42 1% Total Hourly Wages $ 49,92 $ 75,854 $ 25,934 34% Bdgt to Fcst FY 17-18 % Highlights Taxes & Benefits Payroll Taxes 25,785 - (25,785) Total Taxes & Benefits $ 25,785 $ - $ (25,785) Total Cost Of Compensation $ 169,92 $ 226,852 $ 56,932 25% Professional Services Outside Staff Development - 2,75 2,75 1% Grant Expense - Title I 1, 2,46 (7,594) -316% Total Professional Services $ 1, $ 5,156 $ (4,844) -94% Instruction Expense Consumable Instr Supplies $ Equip - Students 3,632 3,998 365 9% Consumable Instr Supplies $ Equip - Teachers 368 - (368) Instructional Licenses 51,28 47,495 (3,785) -8% Total Instruction Expenses $ 55,28 $ 51,493 $ (3,788) -7% Total Expenses $ 235,2 $ 283,5 $ 48,3 17% Net Change in Fund Balance $ - $ - $ -
217-18 AMENDED BUDGET Consolidated (Including HVAC)-PMWCA 217-18 217-18 Bdgt to Fcst FY 17-18 % Highlights Enrollment 628 78 (8) -11% Rate per student 6,599 6,849 (25) -4% Square footage 56,254 56,254 Revenues State Capitation / Student $ 4,144,47 $ 4,849,99 (74,628) -15% ~Reduction due to enrollment shortfall Florida Teacher Lead Program 1,841-1,841 Title Grant Revenue 235,2 283,5 (48,3) -17% ~ Based on revised Grant Funding Capital Outlay Revenue 172,628 23,415 (57,787) -25% ~ Based on revised funds allocation from FLDOE Local Capital Outlay Funding 19,21 19,21 ~ HB7 769 Board Fee Refund 124,99 156,842 (31,933) -2% ~Reduction due to enrollment shortfall Total State Funded Revenue 4,77,258 5,519,856 $ (812,598) -15% Before and Aftercare Revenue 51,754 65,818 (14,64) -21% ~Reduction due to enrollment shortfall Interest Revenue 112 112 Miscellaneous Income 48,933 48,933 Total Other Revenue 1,799 114,863 $ (14,65) -12% Revenue Total $ 4,88,56 $ 5,634,719 $ (826,662) -15% Expenses School Leadership $ 162,542 $ 146,855 (15,687) -11% Administrative-Salaried 11,765 116,14 14,375 12% Teachers 1,42,811 1,66,18 23,27 13% ~ Lower than budgeted due to 5 less positions ESE/Special Education 82,769 85, 2,231 3% Resource Teachers 93,115 92,28 (1,87) -1% Guidance 45,27 49,42 4,195 8% Permanent Subs 194,449 - (194,449) ~ Actuals includes 5 Perm Subs Other Support 7,292 35, 27,78 79% ~ Lower than budgeted due to 1 vacant (SRO) position IT Support 2,256 2, (256) -1% Total Salaries $ 2,11,26 $ 2,15,443 $ 4,237 2% Administrative-Hourly $ 9,81 $ 76,325 (13,756) -18% ~ Due to 1 add'l position for 2 months & overtime Aides - Instructional 82,457 8,625 (1,832) -2% Aftercare 4,95 57,35 16,355 29% ~ Lower than budgeted due to 1 less position Plant Operations-Hourly 21,838 21,989 151 1% Nurse-Hourly 15,339 16,125 786 5% Daily Substitute Teachers 58,52 58,52 Tutoring 33,145 33,145 Total Hourly Wages $ 342,33 $ 344,33 $ 1,74 % Bonuses 49, 54, 5, 9% ~Reduction due to enrollment shortfall Stipends 19, 25,4 6,4 25% ~Stipend Mitigation Taxes & Benefits Group Insurance & Other $ 165,332 $ 174,527 9,195 5% Workers' Compensation 25,95 26,227 1,132 4% Payroll Taxes 197,58 229,194 31,614 14% Total Taxes & Benefits $ 388,7 $ 429,948 $ 41,941 1% Total Cost Of Compensation $ 2,98,543 $ 3,3,825 $ 95,282 3% Professional Services Legal Fees - Independent Counsel $ 11,196 $ 11,196 Accounting Services - Audit 11, 11, Outside Staff Development 12,25 17,75 5,5 31% ~Reduction due to Mitigation Support Center General Overhead 88,18 88,18 Computer Service Fees 65,495 69,365 3,87 6% ~Reduction due to enrollment shortfall Temporary Agency Fees 375 - (375) Fee to County School Board 27,193 242,455 35,262 15% ~Reduction due to enrollment shortfall Professional Fees - Other 9,556 1,372 (8,184) -597% ~Includes Cost for Traffic Officer Grant Expense - Title I 1, 2,46 (7,594) -316% Advertising/Marketing Exp 4, 4, Staff Recruitment 1,4 1,4 Total Professional Services $ 1,176,285 $ 1,24,764 $ 28,48 2% Vendor Services Contracted Pupil Transportation $ 114,63 $ 114,63 Extra-Curricular Activity Events 735 375 (36) -96% Background / Finger Printing 5 5 Drug Testing Fees 36 36 Licenses & Permits 618 27 (348) -129%
217-18 AMENDED BUDGET Consolidated (Including HVAC)-PMWCA 217-18 217-18 Bdgt to Fcst FY 17-18 % Bank Charges & Loan Fees 2,234 2,643 48 15% Contracted SPED - Non Instruction 5 5 Contracted Custodial Services 141,664 141,664 Total Vendor Services $ 26,674 $ 26,374 $ (3) % Highlights Administrative Expenses Travel / Auto / Airfare / Meals / Lodging $ 11,973 $ 11,973 Business Expense - Other 68,742 68,742 ~ Foundation Admin Dues & Subscriptions 1,5 1,5 Printing & Copying 2,231 5,396 3,165 59% Office Supplies 15, 25,5 1,5 41% Aftercare Supplies 99 99 Medical Supplies 991 991 In-house Food Service 1,499 1,499 1 % Total Administrative Expenses $ 12,35 $ 115,71 $ 13,665 12% Instruction Expense Textbooks $ 19,779 $ 43,592 23,813 55% Consumable Instr Supplies $ Equip - Students 23,172 2,483 (2,688) -13% Consumable Instr Supplies $ Equip - Teachers 7,811 1,5 2,689 26% Library & Reference Books 236 - (236) Testing Materials 14, 14, Instructional Supplies - Florida Lead Teacher Program 1,841 - (1,841) ~ Expense offset by Grant Revenue Instructional Licenses 51,28 61,746 1,466 17% Contracted SPED - Instruction 51,64 51,64 Total Instruction Expenses $ 178,757 $ 21,961 $ 23,23 11% Other Operating Expense Telephone & Internet $ 51,489 $ 94,69 42,58 45% ~ Usage/Rates lower than planned Postage/Express Mail 317 317 Electricity 147,829 147,829 Water & Sewer 8,738 9,433 695 7% Waste Disposal 24,962 15,3 (9,662) -63% ~ Monthly charges higher than planned Pest Control 2,81 2,81 Maintenance & Cleaning Supplies 11, 14,821 3,821 26% Building Repairs & Maintenance 159,24 159,24 Equipment Repairs & Maintenance 6,19 5,139 (97) -19% Miscellaneous Expenses 2,428 2,428 Total Other Operating Expense $ 414,193 $ 45,656 $ 36,463 8% Fixed Expenses Office Equipment - Leasing Expense $ 18,3 $ 18,3 Property & Liability Insurance 5,468 59,42 8,952 15% Depreciation 268,485 347,181 78,696 23% Total Fixed Expenses $ 337,252 $ 424,91 $ 87,649 21% Total Expenses $ 5,377,739 $ 5,662,181 $ 284,442 5% Operating Cash Surplus/(Deficit) (569,682) (27,462) (542,22) 1974% Rent Expense 582,11 582,11 Surplus/(Deficit) Before Capex (1,151,693) (69,473) (542,22) 89% Capital Expenditures (NonCap) Furniture, Fixture & Equipment (NonCap) $ 2,98 $ - (2,98) ~ Offset in Capitalized Expenditures Computer Hardware (NonCap) 2,551 - (2,551) ~ Offset in Capitalized Expenditures Computer Software (NonCap) 2,285 - (2,285) ~ Offset in Capitalized Expenditures Total Capital Expenditures (NonCap) $ 7,743 $ - $ (7,743) Capital Expenditures (Capitalized) Computers - Hardware $ 29,359 $ 6,113 3,754 51% ~Reduction due to Mitigation Computer - Software 12,526 11,5 (1,26) -9% IT Infrastructure 3, 12, 9, 75% ~Reduction due to Mitigation Furniture, Fixture & Equipment 8,685 8,466 (219) -3% Smartboards 81,75 9, 8,295 9% HVAC and Chillers 274,5 (274,5) Other 2,423 - (2,423) ~ Unbudgeted Pavers Total Capital Expenditures (Capitalized) $ 412,199 $ 182,79 $ (23,12) -126% Surplus/(Deficit) After Capital Expenses (1,571,635) (791,552) (78,83) 99% Add back Depreciation and Amortization 268,485 347,181 (78,696) -23%
217-18 AMENDED BUDGET Consolidated (Including HVAC)-PMWCA 217-18 217-18 Bdgt to Fcst FY 17-18 % Net Change in Fund Balance $ (1,33,151) $ (444,372) $ (858,779) 193% Highlights Beginning Fund Balance 1,894,923 (1,33,151) 591,772 Cumulative Committed Funds 21, Committed Funds 67, Cumulative Committed Funds 268, Unrestricted Fund Balance 323,772
Capacity Attending OpenSeats Pipeline* WaitList School-wide K 1 2 3 4 5 6 7 8 9 4 66 652 718 1 1 1 2 3 1 1 2 1 3 4-15 18 8 4-4 17 31 75 74 94 62 71 75 83 62 56 78 78 79 8 79 79 79 79 87 PMWCA-EnrolmentSummaryReport Pipeline:Offered+Accepted+ConfirmationPending 1.18.218
est.29 PMWCA K-8 FRL% 96% Minority% 93% 215-216 216-217 SchoolGrade D B Enhancerecruitment,retentionandPD Expandacceleratedmathopportunities Implement21stCCLCprogram 217-218 P.M.WelsCharterAcademyDashboard ImplementPBIS/improveclassroom manage. 3.1 Increaseparentandcommunityinvolvement Strengthenscience/STEM End-of-YearOutcomes StrategicInitiativeslinkedtoKIOs KIOs B 4.3,4.4 1.1 1.3,1.4,1.5,1.6,1.7 2.2,3.2,4.2 1.8 ProgressTowardsKIOs Monitoring In-ProcessMeasures Diff.from KIO LastUpdate:1/19/218 Legend Monitoring ProjectedtomeetKIO ProjectedtonotmeetKIO MostrecentIn-ProcessMeasures* ( % or % changefrom lasttime) 2% AboveKIO 2% WithinKIO 2% Below KIO Differencefrom KIO 1.1 Points 38% 55% 59% Current&NextUpdates StudentSuccess StateAccountability 1.2 MathProficiency 1.3 MathLearning Gains 1.4 MathLearning Gains-Lowest25% 1.5 ELAProficiency 1.6 ELALearningGains 1.7 ELALearningGains Low 25% 1.8 ScienceProficiency 3% 29% 26% 42% 47% 5% 29% 44% 65% 66% 49% 67% 7% 3% 48% 67% 68% 51% 69% 72% 4% 44% ( 7%) 46% ( 5%) -4% -5% NWEA *Projectedproficiency CurrentUpdate Nov/Dec:NWEAFalProjection* (ComparedtoLastFal's) NextUpdates Feb/Mar:NWEAWinterProjection* (comparedtofal) Jul/Aug:NWEASpringProjection* (comparedtowinter) Enrolment 1.9 SocialStudies 52% 75% 78% CurrentUpdate 1.1 MSAccelerated Performance 35% 27% 42% January(1/2/218)Enrolment (ComparedtoDecember's) CustomerFocus MaximizedResources WorldClassTeam &Culture 2.1 Enrolment 2.2 Recommit% 3.1 Safe/Orderly Environment 3.2 SchoolLevel Factors 4.1 Marzano21 (Leadership) SA TA SA TA SA TA 4.2 ParentLoyalty SA TA 4.3 Staff Loyalty SA 4.4 Workforce Engagement TA SA TA 4.5 Staff Particip.N. 4.6 ParentPartici.N. 848 5% N/A 96% 32% 87% 24% 78% 39% 78% 17% 64% 27% 78% 775 38% 94% 29% 87% 4% 93% 28% 8% 42% 87% 4% 9% 56% 9% 23% 18% 74% 85% RefertotheFinancialReportforfinancialupdates 718 652( 8) -66 48% 94% 34% 87% 5% 93% 38% 8% 47% 87% 5% 9% 75% 25% 52% ( 6%) 98% ( 3%) 46% ( 9%) 96% ( 7%) 38% ( 21%) 87% ( 12%) 49% ( 15%) 95% ( 15%) 42% ( 3%) 83% ( 3%) 4% ( 17%) 86% ( 1%) 1% ( 21%) 3% ( 6%) 4% 4% 12% 9% -12% -6% 11% 15% -5% -4% -1% -4% 25% 5% NextUpdates FebruaryEnrolment (ComparedtoJanuary's) Survey CurrentUpdate Nov/Dec:FalStaff &Parent Survey (ComparedtolastFal's) NextUpdates May/Jun:FalStaff &ParentSurvey (ComparedtolastFal's) Cumulative ed VacantPositions InstructionalStaff Projected NonInstructionalStaff Q1FundBalance