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2007-09 ORDINANCE NO. 2007-09 AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, ADOPTING THE ATTACHED CHARTER SCHOOL OPERATING AND CAPITAL BUDGET FOR THE AVENTURA CITY OF EXCELLENCE SCHOOL FOR FISCAL YEAR 2007/08 (JULY 1 - JUNE 30), PURSUANT TO SECTION 4.05 OF THE CITY CHARTER; AUTHORIZING EXPENDITURE OF FUNDS ESTABLISHED BY THE BUDGET; PROVIDING FOR BUDGETARY CONTROL; PROVIDING FOR PERSONNEL AUTHORIZATION; PROVIDING FOR GIFTS AND GRANTS; PROVIDING FOR AMENDMENTS; PROVIDING FOR ENCUMBRANCES; PROVIDING FOR SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AS FOLLOWS: Section 1. The 2007/2008 Operating and Capital Improvement Program Budget for the Aventura City of Excellence School, a copy of said budget being attached hereto and made a part hereof as specifically as if set forth at length herein, be and the same is hereby established and adopted. Section 2. Expenditure of Funds Appropriated in the Budoet Authorized. Funds appropriated in the Budget may be expended by and with the approval of the City Manager in accordance with the provisions of the City Charter and applicable law. Funds of the City shall be expended in accordance with the appropriations provided in the Budget adopted by this Ordinance and shall constitute an appropriation of the amounts specified therein. Supplemental appropriations or the reduction of appropriations, if any, shall be made in accordance with Section 4.07 of the City Charter. Section 3. Budoetarv Control. The Budget establishes a limitation on expenditures by department total. Said limitation requires that the total sum allocated to the Charter School department for operating and capital expenses may not be increased or decreased without specific authorization by a duly-enacted Resolution affecting such amendment or transfer. Therefore, the City Manager may authorize transfers from one Ordinance No. 2007-09 Page 2 individual line item account to another, so long as the line item accounts are within the same department and fund. Section 4. Personnel Authorization. The "Personnel Allocation Summary" enumerates all authorized budgeted positions. However, the City Manager may amend said authorized budgeted positions in order to address the operating needs of the department so long as sufficient budgeted funds are available. Section 5. Grants and Gifts. When the City of Aventura receives monies from any source, be it private or governmental, by Grant, Gift, or otherwise, to which there is attached as a condition of acceptance any limitation regarding the use or expenditures of the monies received, the funds so received need not be shown in the Operating Budget nor shall said budget be subject to amendment of expenditures as a result of the receipt of said monies, but said monies shall only be disbursed and applied toward the purposes for which the said funds were received. To ensure the integrity of the Operating Budget, and the integrity of the monies received by the City under Grants or Gifts, all monies received as contemplated above must, upon receipt, be segregated and accounted for based upon generally accepted accounting principles and where appropriate, placed into separate and individual trust and/or escrow accounts from which any money drawn may only be disbursed and applied within the limitations placed upon the Gift or Grant as aforesaid. Section 6. Amendments. Upon the passage and adoption of the Charter School Fund Budget for the City of Aventura, if the City Manager determines that the Department Total will exceed its original appropriation, the City Manager is hereby authorized and directed to prepare such Resolutions as may be necessary and proper to modify any line item from the Budget hereby. 2 Ordinance No. 2007-09 Page 3 Section 7. Encumbrances. All outstanding encumbrances at June 30, 2007 shall lapse at that time; and all lapsed capital outlay encumbrances shall be re-appropriated in the 2007/2008 fiscal year. Section 8. Severabilitv. The provisions of this Ordinance are declared to be severable and if any section, sentence, clause or phrase of this Ordinance shall for any reason be held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, clauses, and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part. Section 9. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading. The foregoing Ordinance was offered by Vice Mayor Stern, who moved its adoption on first reading. This motion was seconded by Commissioner Joel, and upon being put to a vote, the vote was as follows: Commissioner Zev Auerbach yes Commissioner Bob Diamond yes Commissioner T eri Holzberg yes Commissioner Billy Joel yes Commissioner Luz Urbaez Weinberg yes Vice Mayor Michael Stern yes Mayor Susan Gottlieb yes The foregoing Ordinance was offered by Commissioner Weinberg, who moved its adoption on second reading. This motion was seconded by Commissioner Diamond, and upon being put to a vote, the vote was as follows: Commissioner Zev Auerbach yes Commissioner Bob Diamond yes Commissioner Teri Holzberg yes Commissioner Billy Joel yes Commissioner Luz Urbaez Weinberg yes Vice Mayor Michael Stern yes Mayor Susan Gottlieb yes PASSED AND ADOPTED on first reading this 19th day of April, 2007. 3 Ordinance No. 2007-.Q1 Page 4 PASSED AND ADOPTED on second reading this 1st day of May, 2007. ~dL~ SAN GOTTLIEB, MAYOR RM AND LEGAL SUFFICIENCY: ~ CITY ATTORNEY 4 CITY OF AVENTURA CHARTER SCHOOL BUDGET ~ eq~ oi &~~~L~ FISCAL YEAR 2007/08 AVENTURA CITY OF EXCELLENCE SCHOOL 3333 N E 188 TH Street Aventura, Florida 33180 Telephone: 305-466-1499 Fax: 305-466-1339 Website: www.aventuracharter.orq Board of Directors Mayor Susan Gottlieb Commissioner Zev Auerbach Commissioner Bob Diamond Commissioner Teri Holzberg Commissioner Billy Joel Commissioner Michael Stern Commissioner Luz Urbaez Weinberg City Manager Eric M. Soroka, ICMA-CM Acting Director Julie Aim Assistant Principal Daniel Sandberg Administrative and Educational Services Provided by: Charter Schools USA CITY OF AVENTURA CHARTER SCHOOL FUND FISCAL YEAR 2007/08 TABLE OF CONTENTS TOPIC CITY MANAGER'S BUDGET MESSAGE PAGE NO. 1 BUDGET PROCESS 10 BUDGET DEVELOPMENT GUIDELINES 11 VISION STATEMENT 14 PHILOSOPHY AND ESSENTAIL ELEMENTS 14 CURRICULUM 14 PERFORMANCE CRITERIA 16 SUMMARY 19 DESCRIPTION AND ORGANIZATION CHART 20 ,- REVENUE PROJECTIONS 21 ACTIVITIES Expenditures: K-3 Basic 22 4-8 Basic 23 Exceptional Student Program 24 Substitute Teachers 25 Instructional Media Services 26 School Administration 27 Pupil Transit Services 28 Operation of Plant 29 Child Care Supervision 30 Capital Outlay 31 ,- ADOPTING ORDINANCE 32 ,,-.... City or A ventura Government Center 19200 Wesr CountrY Club Drive A1Ientuta. Rorida 33180 Office of the City Manager The Honorable Mayor and City Commission Aventura City of Excellence School Board of Directors City of Aventura Aventura, Florida 33180 RE: 2007/08 Charter School Fund Budget Message Members of the City Commission: In accordance with Article IV, Section 4.05 of the Charter of the City of Aventura, I hereby submit the proposed Budget for the Charter School Fund for the fiscal year beginning July 2007, for your review and consideration. This budget document represents the fifth year of operation of the Aventura City of Excellence School. Our goal in the development and preparation of a realistic balanced budget was to insure that the expanded middle school ~ component and school functions were funded to provide a quality education for our students whereby lifelong learning skills are acquired. Budaet Format The format of the budget is in accordance with guidelines adopted by the State and School Board of Miami-Dade County, Florida and utilizes the school system's accounts codes as well. The proposed budget was prepared in conjunction with Charter Schools USA (CSUSA). Various meetings were held between the City, school staff and CSUSA in order to develop a balanced budget. Sianificant Factors Affectina Budaet Preparation The 2007/08 school year represents the fifth year of operations of the school. Our past has shown that we can continue to operate the school at a high level and provide quality education for our students, within the school based revenues and without outside subsidies. We have also been fortunate to have a strong business community and involved parents participate in fund raising activities for school improvements. The budget includes funds to provide an eighth grade for 100 students. This impacted the budget by $340,000 including capital outlay. ~ City of Aventura Page 1 Charter School Fund Budget .-.. The revenues have been estimated on the conservative side, based on actions taken by the State Legislature as it related to school funding. The budget includes revenue in the amount of $125,000 from the Clear Channel agreement for proceeds from the billboard advertising. In order to retain and recruit highly qualified teachers and staff, the budget reflects the implementation of a pay plan that to coincide with the Miami -Dade County school system. In addition returning teachers will be rewarded with a service bonus based on years of service. Mirroring national industry trends, we will experience significant increases in health insurance premiums. In our quest to provide technology to our students, funds were allocated to provide computers in each classroom that will be utilized for eighth grade. In addition, each classroom will be equipped with a "smart board" teaching aide to provide for interactive teaching and learning opportunities. In order to address the Florida Class Size Mandate Legislation, funding has been included to provide for additional teacher positions to participate in the Literacy Team and the establishment of a capital reserve fund to provide seed money for the possible expansion of the school. The overall budget increased by 13.7%. This is due to the addition of the eighth grade and establishment of the capital reserve fund. The budget includes funding for lease payments to the Debt Service Fund to pay annual costs associated with the long term debt borrowed for the ~ construction of the elementary school wing. It is important that we continue to maximize the school dollars as much as possible and maintain efficient use of budgeted funds. Expansion of the Middle School Component The following represents the key points relating to the addition of the eighth grade and expansion of the middle school operations: . Six fulltime teachers will be added for the core classes of Language Arts, Math, Science, American History, Spanish and the elective that includes Physical Education. A teacher from the Exceptional Student Program Activity was reassigned to the Literacy Team. A Teacher's Aide position was also added. . Intramural Sports Program will be offered for basketball, tennis and volleyball. . Seven periods of classes along with lunch and homeroom will be provided. . Each eighth grade student will be required to take five core classes (Language Arts, Math, Comprehensive Science III, American History, and Spanish), one required elective - Career Exploration and Entrepreneurship and one student selected elective (TV Production, Guitar, Web Design, Art, Journalism, and Team Sports I or II. . All at risk students will be required to take reading and all other students will be required to take Spanish. . Gifted instruction will be provided in Language Arts and Science. Math and Spanish programs will allow multiple offerings from introduction to high school credit level classes. .-.. City of Aventura Page 2 Charter School Fund Budget .--- . After school clubs and select sports programs will be provided. . The school will begin at 8:30 a.m. and end at 3:30 p.m. Summary of All BudQetary Funds The total proposed budget for 2007/08, including all operating and capital outlay, is $6,510,259. The majority of the budget is Personnel Services at $3,882,168. Operating expenditures total $1,464,569. Other Uses expenditures, which primarily represent lease payments to the Debt Service Fund to cover school construction debt payments and transfers to the General Fund, total $554,000. Capital Outlay expenditures are $609,522. The following chart shows a comparison of the department's budgets for the past two years. Total costs increased by 13.7%. Budget Category Summary Increase 2006/07 2007/08 (Decrease) % Change Revenues State Shared Revenues $4,897,052 $ 5,724,309 $ 827,257 16.9% Charges for Services 151, 1 00 131,645 (19,455) -12.9% Misc. Income 358,000 350,000 (8,000) -2.2% ,-. Other Non-Revenues 320,000 304,305 (15,695) -4.9% Total Revenues $5,726,152 $ 6,510,259 $ 784,107 13.7% Expenditures K-3 Basic $ 1,181,329 $ 1,359,558 $ 178,229 15.1% 4-8 Basic 1,495,684 1,815,627 319,943 21.4% Exceptional Student Program 309,393 269,426 (39,967) -12.9% Substitute Teachers 94,973 47,903 (47,070) -49.6% Instruct Media Services 150,551 66,570 (83,981 ) -55.8% School Administration 712,199 689,600 (22,599) -3.2% Pupil Transit Services 175,000 175,000 0.0% Operation of Plant 1,277,218 1,367,898 90,680 7.1% Child Care Supervision 144,805 109,156 (35,649) -24.6% Capital Outlay 185,000 609,522 424,522 229.5% Total Expenditures $ 5,726,152 $ 6,510,259 $ 784,107 13.7% .- City of Aventura Page 3 Charter School Fund Budget ,-.. Charter School Fund This fund is used to account for revenues and expenditures specifically earmarked for the City's Charter School. The fund accounts for operating and capital revenues, expenditures and capital outlay. Charter School Fund Budget Revenues State Shared Revenues 88.4%~ Charges for Services 2.0% Misc. Income 5.4% Other Non- Revenue 4.2% ,-.. Charter School Fund Budget Expenditures School Transit Services Media Services Administration 2.7% 1.0% 10,6%\_- Substitute 0.7% .../^ Operation of Plant 20.7% Exceptional Student Program 4.2% Child Care Supervision 1.7% Capital Outlay 10.1% 4.8 Basic 28.0% K-3 Basic 20.3% ,'-" City of Aventura Page 4 Charter School Fund Budget ,,-... ,,-... ,-.. Goals The 2007/08 school year represents the fifth year of operations for Aventura City of Excellence School (ACES). This past year a great deal of time and effort was expended on expanding parental involvement, intramural sport programs and identifying and working with students at risk. In 2007/08 ACES will continue to expand middle school operations to include eighth grade and related curriculum offerings. ACES will enrich a child's learning and social atmosphere through: . Safe School Campus - The City provides a fulltime certified police officer to the school that serves as the School Resource Officer. Traditional security methods including cameras are in place at the School. . Before/After School Care - The service is available from 7:30 A.M. to 8:30 A.M. and 3:00 P.M. to 6:00 P.M. every school day on a fee basis to all children attending the school. . Small Class Sizes - Kindergarten classes are limited to 20 students and all other grades are limited to 25 students. . Technology Integrated in Every Classroom - At least 4 state-of-the-art computers will be available in every classroom and 3 fully equipped computer labs including smart boards is based at the school. . Low Student-Teacher Ratio . Parental Involvement Opportunities - Parents must sign a "contract" agreeing to volunteer a minimum of 20 hours per year. . Personalized Learning Plans - Student's individual needs are assessed, instructional strategies are implemented to target individual needs and student progress is documented annually in student portfolios. . Progressive Curriculum - Standards based curriculum that adds depth and breath to subject matter above state and national standards. . Specialty Classes - Includes music, art, physical education, media, computers, foreign language and science at the elementary level and elective offerings at the Middle School. . Character-Building Education ("Living Values") . Experienced Faculty . Exceptional Student Education (ESE), English for Speakers of Other Language (ESOL), Gifted Students Programs - The budget provides 4 full time staff members to ensure the efficacy of these programs. In addition each grade level is staff with at least one teacher who has or is working on completing a "gifted certificate endorsement . Enthusiastic and Nurturing Teachers and Staff . Transportation - Students residing within 2 miles of the school site will not be eligible for transportation. Those living greater than 2 miles but less than 3.5 miles will be eligible for transportation. Students living greater than 3.5 miles must furnish their own transportation. . Physical Fitness - All elementary students have recess daily. A full size gym located next door at the City's Community Center is available to the school for physical education classes and special events in addition to an outside basketball court and track. City of Aventura Page 5 Charter School Fund Budget ,,-. . Life Long Learners - A 4,000 square foot media center is equipped with a sympodium, ceiling projector, surround sound and a motorized viewing screen. The facilities capabilities are maximized daily for classroom instruction as well as special events and before school use. Revenues The revenues, available for allocation in the 2007/08 Fiscal Year, are anticipated to be $6,510,259. This is an increase of $784,107 or 13.7% compared to the prior year. Approximately $507,000 of the increase was directly related to 100 new students for eighth grade. State Shared Revenues - The amount projected for Florida Education Finance Program revenues is $5,202,820 and is based on $5,780 per student after the deductions for the transportation reimbursement component and the 2% held back by the School Board for administrative costs. School lunch reimbursement revenues are estimated to be $32,577. The transportation reimbursement amount is $136,932 and is based on 350 students requiring bus service. Capital Outlay revenue amounts are based on $391 per student. The final amount will be based on the actions of the State Legislature. Charoes for Services - The amount projected for reimbursement from the food service vendor is projected to be $6,100. After School Program includes revenues derived from fees charged for Before and After School Programs and is estimated to be $125,545. Miscellaneous Income - The total amount is $350,000. This includes revenues from the Clear Channel agreement for proceeds from the billboard advertising, field trips/special programs --- revenues and fundraising activities. This is offset by specific expenditures in the budget. Other Non-Revenues - This represents anticipated fund balance amounts from the prior year's budget. Expenditures The estimated 2007/08 expenditures contained within this budget total $6,510,259 and are balanced with the projected revenues. Total expenditures are $784,107 or 13.7% higher than the 2006/07 fiscal year amount. Personnel Services Personnel Services are budgeted at $3,882,168 or 60% of the budget. Personnel Services reflects the implementation of a pay plan to coincide with the Miami -Dade County school system. In addition returning teachers will be rewarded with a service bonus based on years of service. The pay plan will continue to meet or exceed Miami-Dade County Schools. The total number of employees is 74 full time and 16 part-time compared with 67 full-time and 15 part- time positions included in last year's budget Included in the full-time positions are 60 teachers, 2 aides, 7 part-time para-professionals assisting K-3 and 1 Instructional Counselor. Eight part- time positions are utilized to provide Before and After School Programs. In addition, a Media Specialist and a computer network/technician position are included in the budget. All employees except the Principal, Vice Principal and Janitor are under contract with CSUSA. A major impact on the budget is attributed to health insurance costs. .--- City of Aventura Page 6 Charter School Fund Budget ,-- The following outlines the staffing level comparisons to the prior fiscal year: 2006/07 2007/08 Function Job Class Full Time Part Time Full Time Part Time 5101 Teacher 20.00 22.00 Para-Professionals 5.00 7.00 Reading Specialist 1.00 1.00 Instructional Counselor 0.50 1.00 Aide 1.00 5102 Teacher 27.00 33.00 Instructional Counselor 0.50 Aide 1.00 1.00 5250 Teacher 5.00 4.00 5901 Substitute Teacher 2.00 6200 Media Specialist 1.00 1.00 1.00 7300 Principal 1.00 1.00 Vice Principal 1.00 1.00 ,-- Assistant Principal 1.00 1.00 Business Manager 1.00 1.00 Administrative Secretary 1.00 1.00 Receptionist 1.00 1.00 Registar/Compliance 1.00 1.00 Computer NetworklTech 1.00 1.00 Special Projects Coordinator 1.00 1.00 7900 Janitor 1.00 1.00 9102 Site Coordinator 1.00 PIT After School Counselor I 4.00 6.00 PIT After School Counselor II 4.00 2.00 Qperatinq Expenses The expenditures for operating expenses are $1,464,569, which represents 22% of the budget. This is $38,264 less than the prior year. The major expenses are as follows: .-... . CSUSA education/administrative fee - $312,204 City of Aventura Page 7 Charter School Fund Budget --- . Textbooks - $119,000 . Transportation services contract - $175,000 . Other materials and supplies - $163,000 . Electricity - $145,000 . Building maintenance contract - $127,300 . Field Trip and School Events - $100,000 . Repairs and Maintenance -$57,500 . SPED Services - $46,000 Other Uses Other Uses expenditures total $554,000, primarily represent lease payments to the Debt Service Fund to cover the elementary school wing construction debt payments. Other expenditures include a contingency account and transfers to the General Fund. Capital Outlav A total of $205,000 has been budgeted for furniture, fixtures, equipment, computers and smart boards. A capital reserve fund in the amount of $404,522 has been established to provide seed money for the possible expansion of the school in order to address the Florida Class Size Mandate Legislation. This is an increase of $424,522. Summary ,,-.... I am pleased to submit the detailed budget contained herein. The budget document and its related funding levels represent the City's continued commitment to providing a school of excellence for our community. The budget contains funding levels to address the following key objectives: . Hiring and retaining administrators and teachers who are well prepared for creating life- long learners in their students as well as acting as role models in their own quest for knowledge on the latest "best practices" in educational research to enhance their teaching abilities. . Putting into place a strong accountability system that will hold everyone at the school responsible for maximizing learning opportunities. . Creating a school climate that enables students and teachers to feel they are cared for, respected, and contributing members of the school. . A low staff-pupil ratio in order to enhance the development of the individual strengths of each student. . Establishing initial baseline assessment data to identify and measure student progress. . Providing additional staff members and costs association with providing an eighth grade. . Developing a strong parent-teacher relationship. . Maximizing the use of technology imbedded in classroom instruction as well as in a lab setting. ,- City of Aventura Page 8 Charter School Fund Budget .--- The preparation and formulation of this document could not have been accomplished without the assistance and dedicated efforts of the School's Administration and Charter Schools USA. All questions relating to the budget should be referred to my attention. Respectfully submitted, c:d Eric M. Soroka City Manager --- ,,-.... City of Aventura Page 9 Charter School Fund Budget .-- BUDGET PROCESS --- Budget Preparation/Development 1. January: Meetings are held with CSUSA, Principal and City Manager to develop Goals and to discuss issues that may impact the budget for the upcoming school year. 2. February: Preliminary Revenue projections and forecasts are developed by the City Manager. The following steps are followed to project revenues: . Forecast student enrollment . The State's Florida Education Finance Program (FEFP) per student allocation is projected by the State and provided to the charter school. . Capital Outlay funding is determined by the State based on available funding. 3. March: Personnel needs are developed based on input from the Principal and staff. The following steps are utilized to forecast personnel: . Review existing staffing requirements to ensure adequate coverage for student needs and new programs. . Review salary structure to ensure competitiveness with the school district. . Benefits calculations such as Workers Compensation, Life Insurance, Health Insurance, and Pension are provided by CSUSA and developed for each qualifying employee 4. April: Individual expenditure line items are developed by the City Manager based on input from the Principal, CSUSA and historical data. A draft of the budget document is prepared by the City Manager. The draft is reviewed by the Principal, CSUSA and the Finance /Support Services Department. 5. May: The budget is reviewed by the School Advisory Board. The City Manager submits budget to the City Commission who act as the Board of Directors for the School. 6. June: The budget is loaded into the accounting system. 7. July: Budget goes into effect. Budget Adoption The Charter School budget is approved via Ordinance at two public meetings scheduled for May and June conducted by the City Commission. The adopted budget is integrated into the accounting software system effective July 1 st. Budget Control/Monitoring Funds appropriated in the Budget may be expended by and with the approval of the City Manager in accordance with the provisions of the City Charter and applicable law. Funds of the City shall be expended in accordance with the appropriations provided in the Budget and shall constitute an appropriation of the amounts specified therein. Supplemental appropriations or the reduction of appropriations, if any, shall be made in accordance with Section 4.07 of the City Charter. The Budget establishes a limitation on expenditures by department total. Said limitation requires that the total sum allocated to the Charter School department for operating and capital expenses may not be increased or decreased without specific authorization by a duly-enacted Resolution affecting such amendment or transfer. Therefore, the City Manager may authorize transfers from one individual line item account to another, so long as the line item accounts are within the same department and fund. ,,-. City of Aventura Page 10 Charter School Fund Budget ,.- The "Personnel Allocation Summary" enumerates all authorized budgeted positions. However, the City Manager may amend said authorized budgeted positions in order to address the operating needs of the department so long as sufficient budgeted funds are available. The budget is monitored on a monthly basis to track variances between actual and budgeted amounts. Significant variances are investigated and monitored for corrective action. Quarterly review meetings are held with the Principal and City Manager. Encumbrances do not constitute expenditures or liabilities in the current year, but instead are defined as commitments related to unperformed contracts for goods or services, which are only reported in governmental funds. Budget Amendment Upon the passage and adoption of the Charter School Fund Budget for the City of Aventura, if the City Manager determines that the department total will exceed its original appropriation, the City Manager is authorized to prepare such Resolutions for consideration by the City Commission as may be necessary and proper to modify any line item from the Budget. Basis of Accounting Basis of Accounting refers to the time period when revenues and expenditures are recognized in the accounts and reported on the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The accrual basis of accounting is followed for the proprietary fund types. The modified accrual basis of accounting is followed in the governmental fund types and the expendable trust funds ,- type. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual, that is, when they are both measurable and available. Available means collectible within the current period or soon enough thereafter to pay current liabilities. Expenditures are generally recognized under the modified accrual accounting when the related fund liability is incurred. Exceptions to the general rule are principal and interest on general long-term debt which is recognized when due. The Charter School Department Budget applies all applicable GASB pronouncements as well as the following pronouncements issued on or before November 30, 1989, unless those pronouncements conflict with or contradict GASB pronouncements: Financial Accounting Standards Board (FASB) statements and interpretations, Accounting Principles Board (APB) opinions and Accounting Research Bulletins (ARBs). During June 1999, the Government Accounting Standards Board (GASB) issued Statement No. 34. This statement established new accounting and financial reporting standards for state and local governments. The Charter School implemented the new financial reporting requirements of GASB 34. BUDGET DEVELOPMENT GUIDELINES Financial Policies The Charter School's financial policies, compiled below, set forth the basic framework for the overall fiscal management of the school. Operating independently of changing circumstances and conditions, these policies assist the decision-making process of the City Manager and ,'- City of Aventura Page 11 Charter School Fund Budget "... School's Administration. These policies provide guidelines for evaluating both current activities and proposals for future programs. Most of the policies represent long-standing principles; traditions and practices that have guided the Charter School in the past and have helped maintain financial stability over the last 2 years. They are reviewed annually as a decision making tool and to ensure their continued relevance in an ever-changing environment. Operating Budget Policies 1. The Charter School will maintain at a minimum, an accessible cash reserve equivalent to four weeks of operating costs. 2. No new or expanded services shall be implemented without a corresponding revenue source or the implementation of trade-offs of expenses or revenues at the same time. This applies to personnel, equipment and any other peripheral expenses associated with the service. 4. The Charter School shall continue to support a scheduled level of maintenance and replacement of its infrastructure. 5. The Charter School shall support capital expenditures that reduce future operating costs. Capital Budget Policies 1. The Charter School will develop a multi-year plan for capital improvement that is updated annually with documentation of deviations from the plan. 2. The Charter School will maintain its physical assets at a level adequate to protect the Schools' capital investment and minimize future maintenance and replacement costs. The budget will provide for the adequate maintenance and the orderly replacement of the capital equipment from current revenues wherever possible. 3. The Charter School will provide sufficient funds to replace and upgrade equipment as well as to take advantage of new technology thereby ensuring that employees have safe and efficient tools to provide their service. It reflects a commitment to further automation and use of available technology to improve productivity in the Charter School's work force. The objective for upgrading and replacing equipment includes: (1) normal replacement as equipment completes its useful life, (2) upgrades to new technology, and (3) additional equipment necessary to service the needs of the Charter School. 4. The Charter School will use the following criterion to evaluate the relative merit of each capital project. Capital expenditures will foster goals of: a. Projects specifically included in an approved replacement schedule. b. Projects that reduce the cost of operations. c. Projects that significantly improve safety and reduce risk exposure. Revenue Policies 1. The School will attempt to maintain a diversified and stable revenue system as a shelter from short-run fluctuations in any single revenue source. 2. The School will attempt to obtain new revenue sources as a way of ensuring a balanced budget. 3. The School will review fees/charges annually and will design or modify revenue systems to include provisions that automatically allow charges to grow at a rate that keeps pace with the cost of providing the service. ,,- City of Aventura Page 12 Charter School Fund Budget .--- Cash Management/Investment Policies 1. The School will deposit all funds received by 2:00 PM the next day. 2. Investment of School funds will emphasize preservation of principle; the objective will be to match or exceed the yield of the State Board of Administration. 3. The School will collect revenues aggressively, including any past due amounts owed. Reserve Policies 1. The School will maintain a fund balance of at least $75,000. Accounting, Auditing, and Financial Reporting Policies 1. An independent audit will be performed annually. 2. The Charter School will produce annual financial reports in accordance with Generally Accepted Accounting Principles (GAAP) as outlined by the Governmental Accounting Standards Board (GASB). .'- City of Aventura Page 13 Charter School Fund Budget ,,-. - AVENTURA CITY OF EXCELLENCE SCHOOL VISION STATEMENT To join with our community to become the premier charter school in the nation where academic excellence coexists with the promotion of social responsibility grounded in an atmosphere of human dignity. AVENTURA CITY OF EXCELLENCE SCHOOL PHILOSOPHY AND ESSENTIAL ELEMENTS The Aventura City of Excellence School staff believes that we have a responsibility to create a school climate that enables every individual to feel cared for, respected and to act as contributing members of the school culture. All students can learn and will be encouraged to strive for academic excellence and personal growth that will enable them to be productive and active members of society. In the practical application of this philosophy, opportunities shall be provided to: 1. Develop in each student and professional staff member a sense of self-worth and a positive self-concept 2. Imbue such character traits as honesty, integrity, compassion, respect, cooperation, humility, happiness and responsibility toward each other, our community and our world 3. Develop in each student an understanding of and responsibility for making positive personal and social choices 4. Improve upon the quality of instruction and curriculum by increasing the effectiveness of teachers and their teaching through ongoing professional development 5. Provide each student with experiences to develop an awareness of good health habits and attitudes for living by encouraging each student to perceive learning as a life-long continuing process from pre-school through adulthood 6. Encourage, through educational reporting, city and district officials, the citizens of Aventura, and the professional staff to support quality education in the school 7. Use assessment data to identify and track student achievement and learning goals 8. Develop school programs based on "best practices" to promote learning gains 9. Develop strong parent-teacher-student relationships 10. Provide a strong accountability system that will hold everyone at the schoolhouse responsible for maximizing learning opportunities 11. Provide a low student-teacher ratio in order to enhance the development of the individual strengths of each student 12. Provide additional staff members for enrichment and remediation services 13. Develop in each student the ability to think critically, make inferences, apply knowledge to new settings and use these skills to make wise choices CURRICULUM The ACES curriculum is connected to state and national content standards and the school's goals for student learning are coordinated or integrated across different disciplines. The curriculum's sequence is rational, with more complex ideas building on simpler ones, respecting each student's developmental levels and prior learning. Teachers and students are accountable for all state and local assessments in addition to internal formal and informal assessments and observations. City of Aventura Page 14 Charter School Fund Budget ~ Classroom teachers utilize technology daily to reinforce instruction and offer opportunities for independent practice. ACES students have access to Internet-based instructional programs at home and at school. Students in kindergarten through fifth grade utilize the ACES computer lab weekly. Sixth grade students enroll in a nine-week technology course, exposing them to all Microsoft Office Applications. Seventh grade students are required to enroll in a year long Computer Concepts courses designed to expose them to all facets of the technology available to them. Beginning in the 2007-2008 school year eight grade students will take a year-long technology aided career awareness and entrepreneurship course. Middle School students may also enroll in a Web Design course where they can use industry standard technology to create authentic projects. ACES offers a variety of programs to meet the needs of all learners. The English Speakers of Other Languages program is offered to students who are working toward English language proficiency. Classroom teachers servicing ESOL students have undergone special training related to strategies that enhance language acquisition. ACES ESOL Coordinator collaborates with classroom teachers related to instructional modifications that aide in content comprehension. Exceptional Education students are serviced within the class reducing social stigmas and enhancing the continuity of instruction. The ESE teacher collaborates with classroom teachers to ensure that "strategies for success" are implemented in all subject areas. Students with speech and language needs are serviced by a Speech and Language ~ Pathologist. This program is offered to students who qualify for services based on school district requirements. At risk readers are targeted through a variety of intervention courses and strategies. ACES Literacy Team teaches at-risk-readers grades Kindergarten through eighth grade in small group settings. This supplemental reading program provides intensive instruction using research based programs such as guided reading, Kaleidoscope and Read 180. ACES is focused on meeting the needs of all students. To this end, ACES offers a variety of extended school day programs. These programs target specific student needs and are offered both before and after school. These programs include small group writing instruction, focused math tutorials, science study group and a Saturday reading program. Gifted students in grades 1 and 2 receive "Gifted Instruction" in Language Arts and Reading daily. Project-based applications encompassing the sciences; arts, math, and language allow students an opportunity to combine their creativity and practical knowledge. Eligible students in grades 3rd, 4th, and 5th have an opportunity to enroll in a gifted language Arts/Reading course and a gifted Math course. Eligible students in middle school have an opportunity to enroll in gifted Language Arts and Science courses. ACES science laboratory program provides students with hands-on application of core curriculum. Students in second through fifth grade visit the science lab weekly and students in kindergarten and first grade conduct experiments within their classrooms. All middle school students enroll in a comprehensive science course that emphasizes hands-on investigation. City of Aventura Page 15 Charter School Fund Budget .,- ACES Modern Language Program places emphasis on four basic components of language acquisition (e.g., listening, speaking, reading and writing). Students build an understanding of the relationship between perspectives and products of various cultures. Students in grades 3, 4 and 5 receive Spanish instruction twice each week. Middle School students are required to enroll in Spanish courses throughout their Middle School career at ACES. ACES Middle School Program offers academic rigor in conjunction with an extraordinary selection of extracurricular activities and elective programs. ACES students have the opportunity to enroll in high school level Spanish, Algebra and Geometry courses and to select one of six elective courses. These elective courses include Television Production, Guitar, Graphic Arts/ Web Design, Journalism, Team Sports and Drama. During the 2006 - 2007 school year, ACES began offering a dynamic intramural sports program. All middle school students are invited to participate in after school teams including volleyball, basketball, tennis and modern dance. These programs are funded through the school budget and offered at no cost to students. Elementary school students also enjoy a variety of special subject classes daily. These programs include art, physical education, technology, media and music. Each Friday Elementary students participate in a club. Clubs vary from year to year based on student interest. Currently ACES is offering the following clubs; Chess, Money and Me, Jazz dance, Middle Eastern Dance, Ballroom Dance, Latin Dance, Israeli Dance, Red Cross, Technology, TV Production, Soccer, Basketball, Guitar, Spanish Song Club, Arts and Crafts, Science and French. PERFORMANCE CRITERIA 1) Indicator: All students will maintain a portfolio demonstrating and charting improvement and mastery of skills required at that grade level. This portfolio will be part of the Personal Learning Plan (PLP) that is the compendium of parent, student and teacher conferences. Each PLP will establish academic goals for each individual student in relation to his/her performance and progress. 2003/04 Actual: Complete 2004/05 Actual: Complete 2005/06 Actual: Complete 2) Indicator: The State of Florida A+ Plan Grade shall be no lower than a "B". 2003/04 Actual: B 2004/05 Actual: A 2005/06 Actual: A 3) Indicator: Meet the requirements delineated in Florida State Board of Education Administrative Rule 6A-1.09981, Implementation of Florida's System of School Improvement and Accountability, as may be amended from time to time. 2003/04 Actual: Complete 2004/05 Actual: Complete 2005/06 Actual: Complete ,- City of Aventura Page 16 Charter School Fund Budget ,- 4) Indicator: Percent of parents that completed all 20 required volunteer hours by the end of the year. 2003/04 Actual: 98% 2004/05 Actual: 100% 2005/06 Actual: 100% 5) Indicator: Number of students enrolled shall be 95% of the number allowed by the School Charter. 2003/04 Actual: 100% 2004/05 Actual: 100% 2005/06 Actual: 100% 6) Indicator: The year-to-year retention rate shall be 90%. 2003/04 Actual: 98% 2003/04 Actual: 99% 2005/06 Actual: 99% 7) Indicator: The percentage of parents who on the Parent Survey agree or strongly agree to the statement that "I would recommend the Charter School to a friend" is 90%. 2003/04 Actual: 99% 2004/05 Actual: 100% 2005/06 Actual: 99% ..- 8) Indicator: The audits required by State Law and the Charter shall indicate that the financial statements are presented fairly and that tests of compliance with laws and regulations and consideration of the internal control over financial reporting disclose no instances of non- compliance, nor any material weaknesses. 2003/04 Actual: All in compliance 2004/05 Actual: All in compliance 2005/06 Actual: All in compliance 9) Indicator: Class size and student/classroom teacher ratios shall be maintained throughout the school year at 20: 1 for kindergarten and 25: 1 for grades 1 trough 5. 2003/04 Actual: All in compliance 2004/05 Actual: All in compliance 2005/06 Actual: All in compliance 10) Indicator: Reading - Percent of Students in the school on grade level and above in Reading. This is based on the Sunshine State Standards and exhibited in proficiency on the Florida Comprehensive Assessment Test (FCAT). 2003/04 Actual: 70% 2004/05 Actual: 81 % 2005/06 Actual: 99% City of Aventura Page 17 Charter School Fund Budget ,,-- 11) Indicator: Math - Percent of Students in the school on grade level and above in Math. This is based on the Sunshine State Standards and exhibited in proficiency on the Florida Comprehensive Assessment Test (FCAT). 2003/04 Actual: 69% 2004/05 Actual: 79% 2005/06 Actual: 89% 12) Indicator: Writing - Percent of students in the school on grade level and above in Writing. This is based on the Sunshine State Standards and exhibited in proficiency on the Florida Comprehensive Assessment Test (FCA T). 2003/04 Actual: 85% 2004/05 Actual: 82% 2005/06 Actual: 81 % 13) Indicator: All Students will achieve high science standards as measured by Sunshine State Standards Performance Standards. 2003/04 Actual: A mean score of 266 was recorded, which is 20 points below the states average. 2004/05 Actual: A mean score of 301 was achieved which is above the state and district average. 2005/06 Actual: A mean score of 316 was achieved which is above the state and district average. - - City of Aventura Page 18 Charter School Fund Budget CITY OF AVENTURA BUDGET CATEGORY SUMMARY 2007/08 (July 1 - June 30) REVENUE PROJECTIONS State Shared Revenues Charges for Services Misc. Income Disposition of Fixed Assets Other Non-Revenues $ 4,897,052 $ 151,100 358,000 o 320,000 5,724,309 131,645 350,000 o 304,305 EXPENDITURES K-3 Basic 4-8 Basic Exceptional Student Program Substitute Teachers Instruct Media Services School Administration Pupil Transit Services Operation of Plant Child Care Supervision Capital Outlay $ 1,181,329 $ 1,495,684 309,393 94,973 150,551 712,199 175,000 1,277,218 144,805 185,000 1,359,558 1,815,627 269,426 47,903 66,570 689,600 175,000 1,367,898 109,156 609,522 City of Aventura Page 19 Charter School Fund Budget CITY OF AVENTURA Personnel Services Operating Expenditures Other Uses Capital Outaly $3,464,319 1,502,833 574,000 185,000 $3,882,168 1,464,569 554,000 609,522 Charter School Department Organization Chart City Manager CSUSA Educationall Administrative Services School Advisory Board Principal School Operations City of Aventura Page 20 Charter School Fund Budget CITY OF AVENTURA State Shared Revenues: 335910 3310 Florida Education Finance Program $ 4,418,533 $ 5,202,820 331600 3399 Grants 335905 School Lunch Reimbursement 32,557 32,557 335980 3354 Transportation 135,962 136,932 335991 3391 Capital Outlay 310,000 352,000 Subtotal $ 4,897,052 $ 5,724,309 Charaes for Services: 3478050 3450 Food Service Fees 6,100 6,100 3479050 3473 After School Programs 145,000 125,545 Subtotal $ 1 51 , 1 00 $ 131,645 Misc. Income: 3611000 3431 Interest Earnings 3,000 15,000 3661955 Field Trips/Special Programs 125,000 125,000 3661966 Media Center Donations 5,000 3665000 Other Private Source Revenue 140,000 125,000 3661900 3495 Misc. Revenues 85,000 85,000 Subtotal $ 358,000 $ 350,000 Disposition of Fixed Assets 364010 3780 Sale of Equipment $ $ Other Non-Revenues 3999000 3489 Beginning Surplus 320,000 304,305 3811001 3610 Transfer from General Fund Subtotal 320,000 304,305 City of Aventura Page 21 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6001-569 K-3 Basic 5101 Personnel Services 1220 120 Teacher 769,059 873,525 1250 150 Kindergarten Aides (PIT) 5 40,375 42,750 Classroom Assistants (PIT) 2 0 17,1 00 Aide 25,000 1230 130 Other Certified Instruction 77,689 85,790 Reading Specialist Instructional Counselor 2101 221 Social Security- matching 65,953 79,879 1502 291 Bonuses 33,500 18,000 2201 211 Pension 6,163 7,195 1503 291 Stipends 4,000 11,650 2301 231 Health 89,290 97,596 2302 232 Life Insurance & Disability 3,396 3,862 2401 241 Workers compensation 10,231 12,739 1505 291 Sick Day Buyout 7,200 7,200 subtotal $1,106,856 $1,282,285 OperatinQ Expenditures/Expenses 4001 330 T ravellConferenceslT rai n i ng 2,773 2,773 5290 590 Other Mat'I & Supply 26,200 25,000 5299 790 Miscellaneous Expense 4,500 4,500 5410 521 Mem bersh i ps/d ues/su bscri ption 1,000 1,000 5411 520 Textbooks 40,000 44,000 subtotal $74,473 $77,273 City of Aventura Page 22 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6002-569 4-8 Basic 5102 Personnel Services 1220 120 1250 150 1230 130 2101 221 1502 291 1503 291 2201 211 2301 231 2302 232 2401 241 1505 291 Teacher Aide Other Certified Instruction Social Security- matching Bonuses Stipends Pension Health Life Insurance & Disability Workers compensation Sick Day Buyout subtotal Operatina Expenditures/Expenses 4001 330 Travel/conferences/training 5290 590 Other Mat'l & Supply 5299 790 Miscellaneous Expense 5410 521 Memberships/dues/subscription 5411 520 Textbooks subtotal 1,051,695 o 18,772 79,978 32,500 16,550 7,841 114,208 4,374 12,467 3,960 $1,342,345 4,500 75,000 3,000 839 70,000 $153,339 1,307,544 25,000 o 101,940 18,000 27,450 9,807 137,049 5,282 16,257 3,960 $1,652,288 4,500 85,000 3,000 839 70,000 $163,339 City of Aventura Page 23 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6003-569 Exceptional Student Program 5250 Personnel Services 1220 120 2101 221 2201 211 1502 291 1503 291 2301 231 2302 232 2401 241 1505 291 Teacher Social Security- matching Pension Bonuses Stipends Health Life Insurance & Disability Workers compensation Sick Day Buyout subtotal Operatina Expenditures/Expenses 4001 330 Travel/Conferences/Training 3190 310 Prof & Tech Services-SPED 4420 590 Leasing Expense 5290 590 Other Mat'l & Supply 5299 790 Miscellaneous Expense 5410 521 Memberships/dues/subscription 5411 520 Textbooks subtotal 193,873 14,831 1 ,454 8,000 1,200 20,000 790 2,317 1 ,440 $243,905 167,463 12,811 1,256 4,500 1,150 16,612 663 2,043 1 ,440 $207,938 4,000 46,000 3,000 5,000 2,500 988 4,000 $65,488 4,000 46,000 3,000 5,000 2,500 988 o $61,488 City of Aventura Page 24 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6004-569 Substitute Teachers 5901 Personnel Services 1220 120 1225 140 2101 221 2201 211 1502 291 2301 231 2302 232 2401 241 1505 291 Teacher Teacher - PIT Social Security- matching Pension Bonuses Health Life Insurance Workers compensation Sick Day Buyout 58,561 18,000 4,097 402 4,000 8,306 256 631 720 94,973 47,903 44,000 3,366 537 subtotal OperatinQ Expenditures/Expenses 3190 310 Prof & Tech Services subtotal $ $ City of Aventura Page 25 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6005-569 Instruct Media Services 6200 Personnel Services 1230 130 2101 221 2201 211 1502 291 1503 291 2301 231 2302 232 2401 241 Media Specialist Social Security- matching Pension Bonuses Stipends H ea Ith Life Insurance Workers compensation Sick Day Buyout 39,915 3,053 299 2,500 o 4,153 161 470 o $50,551 subtotal OperatinQ Expenditures/Expenses 5411 520 Textbooks 100,000 $100,000 subtotal 50,916 3,895 318 1,500 o 4,214 106 621 o $61,570 5,000 $5,000 City of Aventura Page 26 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6006-569 School Administration 7300 Personnel Services 1260 160 Other Support Personnel 171 , 1 99 194,972 Receptionist Administrative Secretary Registar/Compliance/ESE Business Manager Network/Comp Tech -PIT Special Projects Coordinator 1211 110 Administrators 246,270 239,205 Assistant Principal Vice Principal Principal 4041 201 Automobile allowance 4,800 4,800 2201 211 Pension 18,426 14,649 2101 221 Social Security- matching 31,936 33,215 1502 291 Bonuses 23,000 13,000 1503 291 Stipends 0 0 2301 231 Health 38,383 40,367 2302 232 Life Insurance 1,885 2,096 2401 241 Workers compensation 4,800 5,297 2501 251 Unemployment compensation 1,000 1,000 subtotal $541,699 $548,600 OperatinQ Expenditures/Expenses 4001 330 Trave I/conferences/traini ng 3,000 3,000 3190 310 Prof & Tech Services 0 0 4855 Field Trips/School Events 125,000 100,000 4901 391 Legal/Employment Ads 5,000 5,000 5290 590 Other Mat'I & Supply 35,000 30,000 5410 521 Mem be rshi ps/d u es/su bscri ption 2,500 3,000 subtotal $170,500 $141 ,000 City of Aventura Page 27 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6007 -569 Pupil Transit Services 7800 Operatino Expenditures/Expenses 3190 310 Prof & Tech Services subtotal 175,000 $175,000 175,000 $175,000 City of Aventura Page 28 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6008-569 Operation of Plant 7900 1260 160 Other Support Personnel 18112 21840 Janitor 2201 211 Pension 2,174 2948 2101 221 Social Security- matching 1,386 1671 2301 231 Health 6,296 6449 2302 232 Life Insurance 103 55 2401 241 Workers compensation 214 266 subtotal $28,285 $33,229 Operatina Expenditures/Expenses 3201 312 Accounting & auditing fees 13,500 13,500 3147 316 School Advisory Consultant 7,500 5,000 3148 312 Planning/Management Fee CSUSA 258,740 312,169 4620 350 Contract- Building maintenance 120,000 120,000 3431 310 Contract-Food Services 20,000 15,000 4101 370 Communications 32,000 42,000 4320 380 Pub Ut Svc Othr Energy Sv 11,000 15,000 4301 430 Electricity 135,000 135,000 4501 320 Insurance & Bond Premium 28,460 36,000 4635 350 Repairs & Maintenance 65,733 50,000 5295 510 Cleaning/janitorial supplies 6,000 6,000 5290 590 Other Mat'I & Supply 6,000 6,000 4440 Office Equip - Leasing Expense 15,000 25,000 subtotal $718,933 $780,669 Other Uses 9101 971 Transfer to General Fund 30,000 30,000 5901 Contingency 100,000 80,000 9129 921 Lease Payments to City Debt Service I 400,000 444,000 subtotal 530,000 554,000 City of Aventura Page 29 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6009-569 Child Care Supervision 9102 Personnel Services 1503 291 Site Director- Stipend 2,000 2,000 1260 160 Other Support Personnel 48,870 42,120 Site Coordinator After School Counselor I After School Counselor II 2501 Unemployment Compensation 500 500 2101 221 Social Security- matching 3,739 3,222 2401 241 Workers compensation 596 514 subtotal 55,705 48,356 OperatinCl Expenditures/Expenses 3113 Contract-Recreation Programs 3,000 19,000 3147 316 School Advisory Consultant 3,500 0 3201 312 Accounting & auditing fees 1,000 2,000 4301 430 Electricity 5,000 10,000 4501 320 Insurance & Bond Premium 2,000 3,000 4620 350 Contract- Building maintenance 7,300 7,300 4635 350 Repairs & Maintenance 2,500 7,500 5290 590 Other Mat'I & Supply 20,800 12,000 subtotal $45,100 $60,800 Other Uses 9129 921 Lease Payments to Debt Service Fund 44,000 subtotal $44,000 $0 City of Aventura Page 30 Charter School Fund Budget CITY OF AVENTURA CHARTER SCHOOL 2007/08 BUDGETARY ACCOUNT SUMMARY 190-6010-569 Capital Outlay 7400 Capital Outlav subtotal 15,000 50,000 120,000 o $185,000 10,000 48,000 147,000 404,522 $609,522 6401 6410 6401 6999 692 640 643 Computer Software> 750 Furniture, Fixture & Equipment Computer Equipment> 750 Capital Reserve City of Aventura Page 31 Charter School Fund Budget ORDINANCE NO. 2007-_ AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, ADOPTING THE ATTACHED CHARTER SCHOOL OPERATING AND CAPITAL BUDGET FOR THE AVENTURA CITY OF EXCELLENCE SCHOOL FOR FISCAL YEAR 2007/08 (JULY 1 - JUNE 30), PURSUANT TO SECTION 4.05 OF THE CITY CHARTER; AUTHORIZING EXPENDITURE OF FUNDS ESTABLISHED BY THE BUDGET; PROVIDING FOR BUDGETARY CONTROL; PROVIDING FOR PERSONNEL AUTHORIZATION; PROVIDING FOR GIFTS AND GRANTS; PROVIDING FOR AMENDMENTS; PROVIDING FOR ENCUMBRANCES; PROVIDING FOR SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AS FOLLOWS: Section 1. The 2007/2008 Operating and Capital Improvement Program Budget for the Aventura City of Excellence School, a copy of said budget being attached hereto and made a part hereof as specifically as if set forth at length herein, be and the same is hereby established and adopted. Section 2. Expenditure of Funds Appropriated in the BudQet Authorized. Funds appropriated in the Budget may be expended by and with the approval of the City Manager in accordance with the provisions of the City Charter and applicable law. Funds of the City shall be expended in accordance with the appropriations provided in the Budget adopted by this Ordinance and shall constitute an appropriation of the amounts specified therein. Supplemental appropriations or the reduction of appropriations, if any, shall be made in accordance with Section 4.07 of the City Charter. Section 3. BudQetarv Control. The Budget establishes a limitation on expenditures by department total. Said limitation requires that the total sum allocated to the Charter School department for operating and capital expenses may not be increased or decreased without ,- specific authorization by a duly-enacted Resolution affecting such amendment or transfer. City of Aventura Page 32 Charter School Fund Budget City of Aventura Page 33 Charter School Fund Budget Section 7. Encumbrances. All outstanding encumbrances at June 30, 2006 shall lapse at that time; and all lapsed capital outlay encumbrances shall be re-appropriated in the 2006/2007 fiscal year. Section 8. Severabilitv. The provisions of this Ordinance are declared to be severable and if any section, sentence, clause or phrase of this Ordinance shall for any reason be held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, clauses, and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part. Section 9. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading. ,- City of Aventura Page 34 Charter School Fund Budget