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HomeMy WebLinkAboutOrdinance No. 2026-10 Don Soffer Aventura High School FY 2026-2027 Budget - May 21, 2026Don Soffer Aventura High School FY 2027 Budget April 23, 2026 Key Assumptions ■ FEFP per student is flat year -over -year: $7,920. ■ Enrollment is budgeted at 837 students. ■ Headcount is budgeted at 66 positions. ■ Capital Outlay rate increased as per FDOE guidance. ■ Federal Revenues budgeted relate to Title IV- $22.2K. ■ Referendum Stipends revenue: $1.4M- estimated FY27 allocation. In addition to salary supplements, safety and security related expenses are covered by these revenues. ■ Base salaries include Merit increases of 2%. Financial Summary Category Operating Revenue Adopted Budget 11,312,557 Projected Forecast 11,642,670 2026127 Proposed Budget 12,296,323 VAR Bud 26 v Bud 27 983,767 VAR % 9% Proceeds from Long Term Debt- Lease - 48,275 - - 0% City Subsidy (Advance from the City's General Fund Total Revenues Operating Expenditures 11,312,557 10,665,792 11,690,945 10,835,225 12,296,323 11,965,018 983,767 (1,299,226) 9% -12% Capital Expenditures 139,124 1 186,357 315,265 (176,141) -127% Repayment of Debt - 16,039 16,040 (16,040) 0% Total Expenditures 10,804,916 11,037,621 12,296,323 (1,491,407) -14% Revenues over/(under) Expenditures 507,640 653,324 - (507,640) -100% .4 Enrollment Breakdown 9th 10th 210 210 242 213 222 222 12 12 11th 205 196 218 13 12th 175 185 175 - Total 800 835 837 37 4.6% .10 Budget Highlights ■ Enrollment is budgeted to increase by 4.6% to 837 students. Revenue ADOPTEEM Consolidated Financial Report BUDGET 2025-2026 Budget Highlights Enrollment 800 835 837 37 5% FEFP rate per Student $ 8,094 $ 7,920 $ 7,920 $ (174) -2% Rate per FTE is kept flat to the FY 2025-2026 forecast. REVENUE: FTE $ 6,475,204 $ 6,613,578 $ 6,629,419 $ 154,215 2% Capital Outlay 1,333,600 1,233,150 1,582,332 248,732 19% NSLP Revenue (National School Lunch Program) 140,000 131,453 131,768 (8,232) -6% Food Service Revenue 47,945 54,028 54,157 6,212 13% Grants - Federal/State/Local - 61,055 22,252 22,252 0% Miscellaneous Revenues 27,760 25,746 76,260 48,500 175% ' Other Program Revenue ■ AP/AICE 2,000,000 2,068,327 2,350,000 350,000 18% Referendum Stipends 1,288,048 1,455,333 1,450,136 162,088 13% Subtotal Operating Revenue $ 11,312,557 $ 11,642,670 $ 12,296,323 $ 983,767 9% State Capitation increased with enrollment. Capital Outlay increased as per FDOE guidance. Federal Grants: Title IV grant in FY27. Miscellaneous revenues include interest income. Referendum Stipends are budgeted at the same rate per FTE as FY26. Other Non- Revenue Lease proceeds relate to computer equipment required. Proceeds from Long Term Debt- Lease - 48,275 - - 0% ■ TOTAL REVENUE $ 11,312,557 $ 11,690,945 $ 12,296,323 $ 983,767 9% Compensation Expense Consolidated Financial Report ADOPTED, BUDGET 2025-2026 EXPENDITURES Administrative Staff Principal 1.0 Assistant Principal 3.0 School Operations Administrator 1.0 Administrative Assistant 2.0 Receptionist 1.0 Enrollment Management 1.0 Guidance Counselor 2.0 IT Support 1.0 1.0 4.0 1.0 2.0 1.0 1.0 3.0 1.0 Budget Highlights Subtotal Administrative Staff 14.0 $ 1,021,788 13.a 917,487 1 $ 1,092,009 $ (70,221) -7% Instruction Staff Teachers 43.0 45.0 ESE/Special Education Teachers 2.0 2.0 Curriculum Resource Teacher 1.0 1.0 Athletic Director 1.0 143,025,657 1.0 Subs 2.0 2.0 Subtotal Instructional Staff 49. 3,226,083 51 $ 3,336,430 $ (110,347) 3% ■ Base compensation includes Merit increase of 2%. Tutoring 1r$ 76,862 IS 76,862 $ 76,862 $ - 0% Bonuses 132,270 268,367 238,583 (106,313) -80% Stipends 1,220,533 1,375,655 1,424,934 (204,401) -17% Benefits 450,425 425,874 483,016 (32,590) -7% Workers' Compensation 23,368 14,492 23,368 - 0% Payroll Taxes 445,670 470,397 482,005 (36,334) -8% Subtotal Other Compensation - Group Insurance, Benefits, and Payroll Taxes $ 2,349,129 $ 2,631,647 $ 2,728,767 $ (379,638) -16% Total Compensation 63.0 $ 6,597,000 62.0 $ 6,577,791 66.0 $ 7,157,206 $ (560,206) -8% ■ Bonuses include an increase payout for AP/AICE. ■ Stipends increase is in line with increased Referendum revenues. Professional &Vendor Services ADOPTED Consolidated Financial Report BUDGET 2025-2026 Professional Services Management Fee $ 905,005 $ 905,005 $ 1,475,559 $ (570,554) -63% Legal Fees 11,529 11,529 11,529 - 0% Fee to County Board 101,175 96,505 54,290 46,885 46% Outside Staff Development 73,854 73,854 76,397 (2,543) -3% Accounting Services -Audit 11,900 12,523 12,523 (623) -5% Professional Fees - Other 18,300 18,300 43,140 (24,840) -136% Computer Services Fees 160,800 167,835 174,933 (14,133) -9% Advertising/Marketing Expenditure 16,363 16,363 15,084 1,280 8% Subtotal Professional Services $ 1,298,926 $ 1,301,913 $ 1,863,454 $ (564,528) -43% Vendor Services Contracted Pupil Transportation $ 199,595 $ 199,595 $ 206,626 $ (7,031) -4% Contracted Mental Health Services 68,385 68,385 68,385 - 0% Extra -Curricular A ctivi ties 195,234 195,234 208,234 (13,000) -7% Contracted Food Services 163,809 179,511 179,941 (16,132) -10% Drug Testing Fees 665 665 665 - 0% Licenses & Permits 2,012 2,012 2,012 - 0% Contacted Custodial Services 269,536 269,536 283,012 (13,477) -5% Contracted Security 216,777 217,262 224,538 (7,761) -4% Subtotal Vendor Services $ 1,116,013 $ 1,132,200 $ 1,173,412 $ (57,399) -5% Budget Highlights Management fees are at contractual level (12%). Computer Service Fees increased in line with enrollment. School Administration & Instructional Expenses .. ' . nsolidated Financial Re ort : i Administration Expenditures Travel $ 14,871 Meals 1,034 Lodging 3,000 Business Expenditures -Other 1,287 Dues & Subscriptions 4,379 Pri nti ng 9,463 Office Supplies 17,194 Medical Supplies 2,610 Subtotal Administration Expenditures $ 53,837 Instructional Expenditures Textbooks & Reference Books $ 44,084 Consumable Instructional (Student) 45,087 Consumable Instructional (Teacher) - Instructional Licenses 57,548 Testing Materials 563,600 Florida Teacher Lead Program - Contracted SPED Instruction 26,760 Subtotal Instructional Expenditures $ 737,078 . I $ 15,737 $ 15,737 $ (866) -6% 2,255 2,255 (1,221) -118% 3,500 3,500 (500) -17% 965 965 322 25% 4,379 4,379 - 0% 10,252 10,252 (789) -8% 17,194 17,605 (412) -2% 2,610 2,610 - 0% $ 56,890 $ 57,302 $ (3,465) -6% $ 50,586 $ 30,750 $ 13,334 30% 49,758 52,013 (6,927) -15% 5,492 3,000 (3,000) 0% 51,601 54,292 3,256 6% 563,500 575,474 (11,874) -2% 12,600 - - 0% 26,760 26,824 (64) 0% $ 760,297 $ 742,352 $ (5,274) -1% Budget Highlights Instruction expenses are based on assessed student needs. Other Operating & Fixed Expenses ADOPTED, Consolidated Financial Report BUDGET 0. Other Operating Expenditures Telephone & Internet $ 33,963 $ 31,864 $ 62,164 Postage 2,476 2,476 2,535 Electricity 132,944 132,944 136,135 Water & Sewer 13,461 13,461 13,784 Waste Disposal 46,919 46,919 49,265 Pest Control 3,935 3,935 3,935 Cleaning Services 26,778 26,778 26,778 Building Repairs & Maintenance 211,489 413,837 259,968 Equipment Repairs & Maintenance - - 5,803 Personal Property Tax - 3,150 3,150 Temporary Agency Fees 37,075 37,075 37,075 Subtotal Other Operating Expenditures $ 509,041 $ 712,439 $ 600,592 Fixed Expenditures Office Equipment - Leasing Expenditures Professional Liability & Other Insurance Subtotal Fixed Expenditures TOTAL OPERATING EXPENDITURES 1, $ (28,201) -83% (59) -2% (3,190) -2% (323) -2% (2,346) -5% 0% 0% (48,479) -23% (5,803) 0% (3,150) 0% - 0% $ (91,551) .18% Budget Highlights ■ Telephone & Internet expenses exclude any eRate reimbursement in FY27. ■ BR&M budget includes some contingency for maintenance projects. $ 13,560 $ 13,560 $ 13,560 $ - 0% $ 340,338 $ 280,136 $ 357,140 $ (16,802) -5% Insurance cost is budgeted based on latest available $ 353,898 $ 293,695 $ 370,700 $ (16,802) .5% rates with an increase of 7%. $ 10,665,792 $ 10,835,225 $ 11,965,018 $ (1,299,226) -12% Capital Expenses & Debt Repayment ADOPTED,. -. .PROPOSED, Consolidated Financial Report = • - BUDGET 2026-2026 �j 2026-2027 Variance Variance Capital Expenditures Computers - Hardware $ 90,673 $ 66,114 $ 85,605 $ 5,068 6% Computers - Software 25,000 20,720 180,000 (155,000) -620% IT Infrastructure - 57,232 37,160 (37,160) 0% FF&E 14,564 31,303 12,500 2,064 14% Improvements Other than Building 8,887 10,987 - 8,887 100% Total Capital Expenditures $ 139,124 $ 186,357 $ 315,265 $ (176,141) -127% Total Operating and Capital Expenditures Revenues over/(under) Expenditures Long term Debt Repayment Total Operating, Capital Expenditures & Debt Repayment Change in Fund Balance $ 10,804,916 $ 11,021,582 $ 12,280,283 $ (1,475,367) -14% $ 507,640 $ 669,363 $ 16,040 $ (491,600) -97% $ - $ 16,039 $ 16,040 $ (16,040) 0% $ 10,804,916 $ 11,037,621 $ 12,296,323 $ (1,491,407) -14% $ 507,640 $ 653,324 $ - $ (507,640) -100% Budget Highlights ■ FY 27 budget includes refresh of computer hardware for students and staff and a Security system upgrade. ■ Payments relate to finance lease used to purchase IT equipment. 3151 NE 213th Street Aventu ra, Florida 33180 Office Telephone: (786) 481-3032 Website: https://aventuracharterhs.org/ UrA CSUSA 11