_____________________________________________________________________________________________________
AGENDA
I.
Call to Order & Roll Call
Members of the Governing Board
Alicia Lara, Board Chair
Danny Corwin, Board Vice Chair
Melissa Schrift
Gabi Loeb, Board Treasurer
Ali Baird
Lindsay Sturman
Frances Hoge, Board Secretary
David Lee
Alan Dunn
Drew Furedi
Nick Grouf
Beatrice Hsu
II.
Public Comments
Larchmont welcomes the community to board meetings. Due to the constraints of the Brown
Act, the board does not engage in dialogue with public speakers but will refer items to the
staff for follow up as needed. At this time any person wishing to speak to any item not on the
agenda will be granted three minutes to make a public comment to the Board of Directors.
Any person wishing to speak to any item on the agenda can either make the public comment
(not to exceed three minutes) at this time or when the item comes up on the agenda.
III.
Consent Agenda
a.
Approval of Meeting Minutes: June 16, 2015
IV.
Discussion & Action Items
a.
Board Review and Action on the 2015-16 Draft Budget
b.
Board Review and Action to Adopt the Draft BOD 2015-16 Calendar
c.
Board Governance Committee Nominations
V.
Board Will Adjourn to Closed Session
a.
Section 54957: PUBLIC EMPLOYEE PERFORMANCE EVALUATION: Executive Director
Evaluation
b.
Section 54956.8: CONFERENCE WITH REAL PROPERTY NEGOTIATORS:
Property
- 1265 N. Fairfax Ave., West Hollywood, CA 90046
Negotiating Parties:
Amy Held for LCS
Under Negotiation:
Lease for Cost Term
VI.
Reconvene to Open Session & Report Out on Any Action Taken in Closed Session
The mission of Larchmont Schools is to provide a socio-economically, culturally and racially diverse community
of students with an exceptional public education. We foster creativity and academic excellence; our students
learn with and from each other in an experience-centered, inquiry-based learning environment. With
participation from our entire community, we strive to instill in each student a dedication to improving the world
we inhabit.
Larchmont Schools
Special Meeting of the Board of Directors
June 25, 2015 – 6:30 PM
Larchmont Charter School at La Fayette Park Place
Assembly Room
VII.
Adjournment
The following board members may join by phone: Danny Corwin may participate from 128 S. Van
Ness Ave., L.A. 90004
This legislative body conducts business under the meeting requirements of the Ralph M. Brown Act.
MEETING AGENDA & RELATED MATERIALS
Agendas for regular board meetings as defined by the Brown Act will be posted at the meeting site and the legislative body’s
website, if applicable, 72 hours prior to the start of the meeting. Agendas for special meetings as defined by the Brown Act will
be posted at the meeting site and the legislative body’s website, if applicable, 24 hours prior to the start of the meeting.
Materials relating to an agenda topic that is a matter of public record in open session, will be made available for public
inspection 72 hours prior to the start of the meeting, or, alternatively, when the materials are distributed to at least a majority of
board members.
THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE
Notice is hereby given that the order of consideration of matters on this agenda may be changed without prior notice.
REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY
The Governing Board’s presiding officer reserves the right to impose reasonable time limits on public testimony to ensure that the
agenda is completed.
SPECIAL PRESENTATIONS MAY BE MADE
Notice is hereby given that, consistent with the requirements of the
Bagley-Keene Open Meeting Act
, special presentations not
mentioned in the agenda may be made at this meeting. However, any such presentation will be for information only.
REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY
Pursuant to the
Rehabilitation Act of 1973
and the
Americans with Disabilities Act of 1990
, any individual with a disability who
requires reasonable accommodation to attend or participate in this meeting may request assistance by contacting Larchmont
Schools, 444 N. Larchmont Blvd, #207, Los Angeles, CA 90004; telephone: (323) 380-7893;
www.larchmontcharter.org
.
FOR MORE INFORMATION
For more information concerning this agenda or for materials relating to this meeting, please contact Larchmont Schools, 444 N.
Board Member
Present
Absent
Board Member
Present
Absent
Alicia Lara, Board Chair
X
Danny Corwin, Board Vice Chair
X
Gabi Loeb, Board Treasurer
X
Frances Hoge, Board Secretary
X
Beatrice Hsu
X
Ali Baird
X
Alan Dunn
X
Lindsay Sturman
X
Nick Grouf
X
Drew Furedi
X
Melissa Schrift
X
Shernice Lazare (Resigned from BOD)
X
David Lee
X
I.
Call to Order & Roll Call
The meeting was called to order by the Board Chair
II.
Public Comments
Sarah Boyd (Parent of rising 3
rdGrader at HGR): Offered to help with fundraising efforts.
Niloufar Esfandiari-‐Carnegie (parent of rising 7
thgrader at SEL): Expressed concerns over student discipline.
Kathleen Davidson (parent at FFX): Expressed concerns about equity between campus sites and new fundraising
policy.
III.
Reports to the Board
Executive Director Report – The ED shared an update on demographics, upcoming year-‐end events, full fundraising
report for the YTD and enrollment for 2015-‐16.
IV.
Consent Agenda
Approval of Meeting Minutes: May 12, 2015
Motion: Alicia Lara
Second: Frances Hoge
Member
Yay
Nay
Abstain
Absent
Member
Yay
Nay
Abstain
Absent
Lara
X
Corwin
X
Loeb
X
Hoge
X
Hsu
X
Baird
X
Dunn
X
Sturman
X
Grouf
X
Furedi
X
Schrift
X
Lazare
X
Lee
X
V.
Discussion & Action Items
Larchmont Schools
Board of Directors Meeting Minutes
June 16, 2015 – 6:30 PM
This meeting was held at:
Larchmont Charter School at La Fayette Park Place
Assembly Room, 2801 W. 6
thSt., Los Angeles, CA 90057
a.
Approval of April Financials
Motion: Gabi Loeb
Second: Bea Hsu
Member
Yay
Nay
Abstain
Absent
Member
Yay
Nay
Abstain
Absent
Lara
X
Corwin
X
Loeb
X
Hoge
X
Hsu
X
Baird
X
Dunn
X
Sturman
X
Grouf
X
Furedi
X
Schrift
X
Lazare
X
Lee
X
b. Board Review and Action to Adopt on Local Control Accountability Plan
Motion: Melissa Schrift
Second: Danny Corwin
Member
Yay
Nay
Abstain
Absent
Member
Yay
Nay
Abstain
Absent
Lara
X
Corwin
X
Loeb
X
Hoge
X
Hsu
X
Baird
X
Dunn
X
Sturman
X
Grouf
X
Furedi
X
Schrift
X
Lazare
X
Lee
X
a.
Review and Possible Action of 2015-‐16 Draft Budget
To be discussed at Special BOD Meeting on 6/25/15
b.
Board Review and Action on the Consolidated Application, Part II
Motion: Danny Corwin
Second: Frances Hoge
Member
Yay
Nay
Abstain
Absent
Member
Yay
Nay
Abstain
Absent
Lara
X
Corwin
X
Loeb
X
Hoge
X
Hsu
X
Baird
X
Dunn
X
Sturman
X
Grouf
X
Furedi
X
Schrift
X
Lazare
X
Lee
X
c.
Board Review and Action on Vendor Contracts including but not limited to MOUs and JPA Insurance
Renewal
Motion: Gabi Loeb
Second: Ali Baird
Member
Yay
Nay
Abstain
Absent
Member
Yay
Nay
Abstain
Absent
Lara
X
Corwin
X
Loeb
X
Hoge
X
Hsu
X
Baird
X
Dunn
X
Sturman
X
Grouf
X
Furedi
X
Schrift
X
Lazare
X
d.
Board Discussion and Action on School Wide Outcomes
Motion: Frances Hoge
Second: Melissa Schrift
Member
Yay
Nay
Abstain
Absent
Member
Yay
Nay
Abstain
Absent
Lara
X
Corwin
X
Loeb
X
Hoge
X
Hsu
X
Baird
X
Dunn
X
Sturman
X
Grouf
X
Furedi
X
Schrift
X
Lazare
X
Lee
X
e.
Board Review and Action to Adopt the Draft 2015-‐16 Calendar
Information regarding the calendar will be shared with community asap, including why the early release
day is important to teachers, dates and times of release.
Motion: Bea Hsu
Second: Melissa Schrift
Member
Yay
Nay
Abstain
Absent
Member
Yay
Nay
Abstain
Absent
Lara
X
Corwin
X
Loeb
X
Hoge
X
Hsu
X
Baird
X
Dunn
X
Sturman
X
Grouf
X
Furedi
X
Schrift
X
Lazare
X
Lee
X
VI.
Academic Excellence Committee Update
Academic Excellence Committee – Committee shared the March CAHSEE Results.
VII.
Board Chair Comments
VIII.
Closed Session:
Section 54957: PUBLIC EMPLOYEE DISCIPLINE/DISMISSAL/RELEASE
IX.
Adjournment
The next meeting of the Larchmont Schools Board of Directors is scheduled at
6:30 pm on June 25, 2015
at Larchmont Charter School at La Fayette Park Place Assembly Room, 2801 W. 6
thSt., Los Angeles, CA
Larchmont
Local Control Funding Formula (LCFF)
Review of LCFF calculation
LCFF “Target”
= $8,243 / ADA
Base Rates,
COLA adj.
Grade Span
“bonus”
20%
Supplemental
for
Unduplicated
50%
Concentration
for 55%+
Unduplicated
11
22
33
44
LCFF “Floor”
= $6,777 / ADA
(2014-15
Funding Level)
This implementation %
informs “transition funding”
level each year
LCFF Implementation
CY
Y1
FY 2015
FY 2016
Implementation % Towards Goal
29.97%
53.08%
Total Effective Implementation %
37.8%
70.8%
Rate / ADA
6,777
7,656
2015-16 LCFF Rate
Revenue projections heavily dependent on state budget;
Current expectation of 53.08% LCFF implementation in ’15-16
Enrollment & LCFF Drivers
Enrollment and ADA assumptions, in combination with Unduplicated Count,
will be the biggest driver in revenue.
2014-15
2015-16
Enrollment
1381
K-3
rd
: 456
4
th
-8
th
: 719
9
th
-12
th
: 206
1443
K-3
rd
: 456
4
th
-8
th
: 667
9
th
-12
th
: 320
ADA
94.9% attendance
1310.64
95% attendance
1371.63
Unduplicated
Revenue: Federal, State and Local
Conservative revenue projections include no expected growth
for Special Education or Lottery
2014-15
2015-16
Special Education per
ADA
$198.66 Federal
$559.72 State
$198.66 Federal
$559.72 State
Lottery per ADA
$162
$162
Title I per ADA
$99/ADA
$129.8k
$92/ADA (7% decrease)
$126.4k
Title II per ADA
$2.17/ADA
$2.8k
$2.02/ADA
$2.7k
Title III per ADA
$6.58/ADA
$8.6k
$6.12/ADA
$8.4k
SB 740
$750 per ADA or 75%
of Rent
$658k
(excludes FFX)
$793k
(includes FFX)
One Time Funds
per ADA
$
-$500/ADA
$655k
After School Program
$278k
$258k
Revenue: Fundraising
Conservative fundraising targets for 2015-16
Funding Source
2014-15 Budget
2014-15
Forecast
2015-16
Proposal
Pledge
$1.4M
$1.4M
$1.2M
Jogathon
$200k
$100k
$100k
Auction Gala
$300k
$150k
$125k
Music Night
$-
$25k
$40k
Community
Events
(World Fair, Carnival,
Party book, BBQ)
$100k
$80k
$100k
Other
$100k
$145k
$35k
Expenses: Certificated and Classified Staff
Salaries in 15-16 are at $8.7M,
a $903k increase since 14-15
Compensation
Teachers
- All staff moving up on salary schedule equates to 5% overall increase
- Added additional 2% increase to match more closely to LAUSD pay schedule
All Other Staff
Expenses: Books & Supplies
Books & Supplies
Base assumption of 3% increase for inflation, unless otherwise specified
Curriculum and materials
Additional one time funds dispersed to Textbooks, Educational Software, Professional
Development, and Computers
SPED Materials: $5k
Will be increased based on actuals. Will tie to incoming SPED grants
Teacher Supplies: $500-$1000 per Teacher, Elective Teachers, and Specialists
Furniture and equipment
Classroom furniture: $10k
$5k for only HS needs
$5k for all other sites
Computers: $100k
280 computers at $300 a piece
Expenses: Services & Op Expenses
Highlight of select services & operating costs and capital outlay
Services & Other Operating Expenses
Base assumption of 3% increase for inflation, unless otherwise specified
Rent
$1,266,301 ($105k/month)
Security
Budgeted $50k for increase in rate
Field Trips
$129k – increased from $98k in 14-15 per information provided by school leaders
Professional Development
$35k – one time funds
Substitutes
$98k – Contracted subs $200 per day x 70 teachers x 7 (avg. vacation days taken)
Special Ed Contractor
$377k – 3 NPS ($19k/NPS), plus 160 SPED students ($2k/student)
Enrollment projections and attendance rates
Staffing (e.g., unexpected departures, challenges finding staff at budgeted
salary, etc.)
Funding rates
Greater stability in projections this year, but May Budget Revision from Governor
and legislature’s negotiation to reach vote in June could bring unexpected
outcomes
Non-LCFF rates could change, e.g., Title funding, Special Education
Deferrals
Even if state budget is approved with no deferrals, economic conditions in California
could change quickly and necessitate deferrals at some point in year
Opportunities / Uncertainties
Larchmont Charter School
2014/15 2014/15 2015/16
Approved Budget Current Forecast Preliminary Budget
SUMMARY Revenue
General Block Grant 9,254,793 8,882,762 10,500,864
Federal Revenue 701,609 595,406 612,700
Other State Revenues 1,941,890 1,738,472 2,477,714
Local Revenues 309,728 840,707 485,025
Fundraising and Grants 2,100,000 1,901,000 1,600,000
Total Revenue 14,308,021 13,958,347 15,676,303
Expenses
Compensation and Benefits 9,832,256 9,565,770 10,771,756
Books and Supplies 809,842 772,997 863,200
Services and Other Operating Expenditures 3,014,632 3,377,113 3,366,880
Capital Outlay 326,000 132,393 75,000
Total Expenses 13,982,730 13,848,273 15,076,836
Operating Income (excluding Depreciation & CapEx) 651,290 242,467 674,467
Depreciation 203,348 159,668 135,370
Operating Income (including Depreciation) 447,942 82,800 539,097
Fund Balance
Beginning Balance (Unaudited) 2,009,073 2,009,073 2,091,872
Audit Adjustment - -
-Beginning Balance (Audited) 2,009,073 2,009,073 2,091,872
Operating Income (including Depreciation) 447,942 82,800 539,097
Ending Fund Balance (including Depreciation) 2,457,015 2,091,872 2,630,970 Ending Fund Balance as a % of Expenses 18% 15% 17%
PacWest Net Income Target 431,144 603,269 603,269 DCR 2.04 0.50 1.51
-Larchmont Charter School
2014/15 2014/15 2015/16
Approved Budget Current Forecast Preliminary Budget
Detail
Enrollment Breakdown
K 114 113 114
1 114 115 114
2 114 114 114
3 114 114 114
4 116 116 116
5 119 119 119
6 162 159 108
7 162 161 162
8 162 164 162
9 125 94 100
10 64 63 100
11 64 49 70
12 - - 50
Enrollment Summary -K-3 456 456 456
4-6 397 394 343
7-8 324 325 324
9-12 253 206 320
Total Enrolled 1,430 1,381 1,443
ADA %
K-3 96% 95% 96%
4-6 96% 95% 96%
7-8 96% 95% 95%
9-12 96% 95% 95%
Average 96.0% 94.9% 95.0%
ADA
K-3 437.8 432.8 435.5
4-6 381.1 373.9 327.6
7-8 311.0 308.4 306.2
9-12 242.9 195.5 302.4
Larchmont Charter School
2014/15 2014/15 2015/16
Approved Budget Current Forecast Preliminary Budget
REVENUES
General Purpose Entitlement
8011 Charter Schools General Purpose Entitlement - S 5,909,843 5,194,032 6,641,323 8012 Education Protection Account Entitlement 1,293,452 1,513,425 1,583,850 8019 State Aid - Prior Years - 804 -8096 Charter Schools in Lieu of Prop. Taxes 2,051,499 2,174,502 2,275,690
9,254,793
8,882,762 10,500,864
8100 Federal Revenue
8181 Special Education - Entitlement 272,720 260,371 272,487 8182 Special Education Reimbursement - - -8220 Child Nutrition Programs 261,000 193,679 202,691 8290 No Child Left Behind - - -8291 Title I 153,928 129,838 126,368 8292 Title II 5,684 2,841 2,765 8293 Title III 8,277 8,619 8,389 8297 PY Federal - Not Accrued - 58
-SUBTOTAL - Federal Income 701,609 595,406 612,700
8300 Other State Revenues
8319 Other State Apportionments - Prior Years - 18,321 -8381 Special Education - Entitlement (State) 768,384 733,589 767,726 8520 Child Nutrition - State 19,886 14,505 15,180 8545 School Facilities Apportionments 836,580 658,203 793,463 8550 Mandated Cost Reimbursements 19,219 101,530 23,823 8560 State Lottery Revenue 222,394 212,323 222,203 8593 One Time Funds 75,428 - 655,318
SUBTOTAL - Other State Income 1,941,890 1,738,472 2,477,714
8600 Other Local Revenue
8634 Food Service Sales 221,228 214,731 224,723 8650 Leases and Rentals 12,000 - -8660 Interest - 0 -8676 After School Program Revenue 50,000 158,000 140,302 8681 ASE (Enrichment) Fees - 120,000 120,000 8689 All Other Fees and Contracts - 10 -8699 All Other Local Revenue - 150,268 -8701 COP SELPA Grant (Staff) 26,500 197,698
-SUBTOTAL - Local Revenues 309,728 840,707 485,025
8800 Donations/Fundraising
8803 Fundraising 2,100,000 1,900,000 1,600,000 8818 Donations In Memoriam - 1,000
-SUBTOTAL - Fundraising and Grants 2,100,000 1,901,000 1,600,000
Larchmont Charter School
2014/15 2014/15 2015/16
Approved Budget Current Forecast Preliminary Budget
EXPENSES
Compensation & Benefits
1000 Certificated Salaries
1100 Teachers Salaries 3,788,621 3,482,830 4,067,406 1101 Teacher - Stipends 60,000 67,277 60,000 1103 Teacher - Substitute Pay - - -1111 Teacher - Elective - 579,731 551,782 1200 Certificated Pupil Support Salaries 840,459 935,016 984,732 1300 Certificated Supervisor & Administrator Salaries 828,878 900,633 862,354 1900 Certificated Other Salaries 234,723 80,900 86,303
SUBTOTAL - Certificated Employees 5,752,681 6,046,387 6,612,577
2000 Classified Salaries
2100 Classified Instructional Aide Salaries 696,795 457,796 604,243 2101 Classified - Electives 375,450 153,454 174,707 2200 Classified Support Salaries 60,690 - -2300 Classified Supervisor & Administrator Salaries 202,500 113,462 -2400 Classified Clerical & Office Salaries 885,949 745,331 869,602 2905 Other Classified - After School - 83,344 136,914 2908 Other Classified - ACE STIPENDS - - 35,277 2928 Other Classified - Food - 86,633 93,856 2930 Other Classified - Maintenance/grounds 112,869 112,870 154,881
SUBTOTAL - Classified Employees 2,334,254 1,752,889 2,090,080
3000 Employee Benefits
3100 STRS 505,510 517,853 698,249 3300 OASDI-Medicare-Alternative 302,095 263,694 263,581 3400 Health & Welfare Benefits 839,055 888,350 992,370 3500 Unemployment Insurance 4,043 3,860 4,350 3600 Workers Comp Insurance 94,617 87,737 105,550
SUBTOTAL - Employee Benefits 1,745,321 1,766,494 2,069,099
4000 Books & Supplies
4100 Approved Textbooks & Core Curricula Materials 60,000 67,661 110,000 4200 Books & Other Reference Materials 7,500 - -4315 Custodial Supplies 24,000 24,000 28,000 4320 Educational Software 8,000 10,681 40,000 4325 Instructional Materials & Supplies - SPED ONLY 5,000 26,719 5,000 4326 HS Fine Arts 10,000 10,000 10,449 4330 Office Supplies 60,000 38,050 36,000 4335 HS PE Supplies 10,000 7,869 8,000 4340 Professional Development Supplies 2,400 2,400 10,000 4345 Non Instructional Student Materials & Supplies - 4,880 2,000 4346 Teacher Supplies 70,000 46,000 63,500 4350 Uniforms 800 1,576 4,000 4351 Yearbook 2,500 2,500 4,000 4352 After School Program Supplies/Snacks - 7,381 7,381 4353 After School Vendors - 79,130 79,130 4410 Classroom Furniture, Equipment & Supplies 20,000 39,032 5,000 4420 Computers (individual items less than $5k) 15,000 44,826 100,000 4430 HS Non Classroom Related Furniture, Equipmen 10,000 29,803 5,000 4710 Student Food Services 497,142 322,761 337,780 4720 Other Food 7,500 7,727 7,959
Larchmont Charter School
2014/15 2014/15 2015/16
Approved Budget Current Forecast Preliminary Budget
5000 Services & Other Operating Expenses
5210 Conference Fees 2,500 4,105 2,000 5215 Travel - Mileage, Parking, Tolls 1,000 1,000 1,000 5220 Travel and Lodging 4,500 6,146 5,000 5223 Facility & Staff Parking 24,000 30,000 30,000 5225 Travel - Meals & Entertainment 1,200 - -5305 Dues & Membership - Professional 5,000 4,885 5,000 5310 Subscriptions 1,000 3,097 3,190 5450 Insurance - Other 119,445 119,445 114,463 5510 Utilities - Gas and Electric 65,000 65,000 65,000 5515 Janitorial, Gardening Services & Supplies 47,250 30,000 30,000 5520 Security 55,000 47,240 50,000 5605 Equipment Leases 75,000 65,000 75,000 5610 Rent 1,235,311 1,235,311 1,266,301 5615 Repairs and Maintenance - Building 25,000 31,714 30,000 5617 Repairs and Maintenance - Other Equipment 3,600 3,600 3,600 5625 Storage 1,353 1,353 -5631 Other Rentals, Leases and Repairs 1 54,000 - -5803 Accounting Fees 8,000 10,100 10,000 5809 Banking Fees 1,800 27,622 33,000 5812 Business Services 155,000 155,000 155,000 5816 Data Director 5,000 6,040 6,311 5820 Consultants - Non Instructional - Custom 1 5,000 5,607 6,000 5824 District Oversight Fees 92,548 88,828 105,009 5830 Field Trips Expenses 100,000 98,000 129,000 5836 Fingerprinting 4,000 5,883 6,000 5839 Fundraising Expenses 50,000 50,000 50,000 5843 Interest - Loans Less than 1 Year 95,449 111,810 85,966 5845 Legal Fees 50,000 22,000 22,988 5848 Licenses and Other Fees 10,000 157,633 10,000 5851 Marketing and Student Recruiting 1,500 1,500 2,500 5855 Consultants - Other 2 - 17,370 17,891 5857 Payroll Fees 18,000 18,000 18,540 5863 Professional Development 5,000 1,800 35,000 5869 Special Education Contract Instructors 324,500 341,000 377,000 5872 Special Education Encroachment 208,221 198,792 208,043 5875 Staff Recruiting 17,500 33,459 25,000 5877 Student Activities 5,000 3,933 4,109 5878 Student Assessment 3,600 5,043 5,270 5880 Student Health Services 1,500 1,500 1,567 5881 Student Information System 15,000 37,272 38,390 5884 Substitutes 75,000 96,204 98,000 5893 Transportation - Student - - -5900 Communications 60,000 56,342 60,000 5910 Communications - Internet / Website Fees 24,000 43,983 45,000 5915 Postage and Delivery 7,500 4,500 5,000 0000 Reductions (Staffing Timing & Step/Column) (98,644) - -0000 Larchmont Council Directed Expenditures 50,000 -
-SUBTOTAL - Services & Other Operating Exp 3,014,632 3,377,113 3,366,880
6000 Capital Outlay
6100 Sites & Improvement of Sites - - 75,000 6200 Buildings & Improvement of Buildings 206,000 132,393 -6410 Computers (capitalizable items) 120,000 -
-SUBTOTAL - Capital Outlay 326,000 132,393 75,000
TOTAL EXPENSES 13,982,730 13,848,273 15,076,836
6900 Total Depreciation (includes Prior Years) 203,348 159,668 135,370
Larchmont Charter School
Beginning Cash
Revenue
General Block Grant Federal Income Other State Income Local Revenues Fundraising and Grants
Total Revenue
Expenses
Compensation & Benefits Books & Supplies
Services & Other Operating Expenses Capital Outlay
Total Expenses
Operating Cash Inflow (Outflow)
Revenues - Prior Year Accruals Expenses - Prior Year Accruals Accounts Receivable - Current Year Accounts Payable - Current Year Summerholdback for Teachers Loans Payable (Current)
Due To Other Funds Current Loans Notes Payable Misc. PacWest LOC PacWest Term Loan Notes Payable - Board Member Loans Payable (Long Term) Capital Leases Payable Other Long Term Debt
Capital Expenditure & Depreciation Other Balance Sheet Changes
Ending Cash
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Forecast AP/AR
Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected
170,781
270,427 265,584 48,980 148,294 50,443 112,748 107,389 40,718 113,678 129,853 25,234
130,470
520,642 433,662 1,153,621 641,423 641,423 1,084,892 641,423 991,554 1,288,255 858,654 858,654 10,500,864 1,256,191 15,622
31,245 72,691 41,099 41,099 77,179 45,560 41,099 85,409 41,504 37,043 64,149 612,700 19,002 44,015
88,031 66,161 456,937 60,205 655,947 60,205 113,286 167,525 48,778 300,224 54,733 2,477,714 361,667
- 48,503 48,503 48,503 48,503 48,503 48,503 48,503 48,503 48,503 48,503 485,025 -27,663
27,663 46,927 225,016 208,719 314,839 164,440 95,958 111,170 118,634 129,486 129,486 1,600,000
-217,771
667,580 667,943 1,925,176 999,948 1,737,891 1,403,599 940,268 1,404,160 1,545,673 1,373,909 1,155,524 15,676,303 1,636,860
304,469
954,112 955,417 954,112 953,895 953,895 955,634 954,112 954,112 943,999 943,999 943,999 10,771,756 -82,091
82,091 126,702 63,146 63,146 63,146 63,813 63,813 63,813 63,813 63,813 63,813 863,200 -194,105
193,087 297,709 283,886 281,495 285,551 279,793 279,297 303,556 316,968 315,998 320,863 3,374,221 21,914
- - 20,000 20,000 20,000 5,000 5,000 5,000 - - - 75,000
-580,665
1,229,289 1,379,828 1,321,144 1,318,536 1,322,592 1,304,240 1,302,222 1,326,481 1,324,780 1,323,810 1,328,675 15,084,177 21,914 (362,894)
(561,709) (711,885) 604,032 (318,588) 415,299 99,359 (361,954) 77,679 220,893 50,099 (173,151) 592,126 1,614,947
867,258
367,801 - - 225,456 1,724 - - - - - -0 (6,218) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -(404,718)
195,282 495,282 (504,718) (4,718) (354,718) (104,718) 295,282 (4,718) (204,718) (154,718) 195,282
- - - - - - - - - -
- (250,000) - - - - - - - -
- - - - - - - - - - -(400,000)
200,000 750,000 (500,000) - (350,000) (100,000) 300,000 - (200,000) (150,000) 200,000 (4,718)
(4,718) (4,718) (4,718) (4,718) (4,718) (4,718) (4,718) (4,718) (4,718) (4,718) (4,718) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -270,427
265,584 48,980 148,294 50,443 112,748 107,389 40,718 113,678 129,853 25,234 47,365
2015/16 Projected
Larchmont Charter School
Total Enrollment 1,443 Total ADA 1,3722015/16 2015/16 2015/16 2015/16 2015/16 2015/16
Preliminary Budget FFX HG SEL LFP NET ALLOCATION
SUMMARY Enrollment 183 381 249 558
-Revenue % 13% 28% 18% 41%
-General Block Grant 10,500,864 1,394,367 2,862,809 1,841,677 4,402,011
-Federal Revenue 612,700 81,906 170,212 111,286 249,297
-Other State Revenues 2,477,714 361,952 752,182 305,913 1,057,668
-Local Revenues 1,602,494 64,839 134,743 88,096 197,348 1,117,469
Donation and Fundraising 1,600,000 513,984 501,217 335,443 249,356
Total Revenue 16,793,772 2,417,048 4,421,162 2,682,414 6,155,679 1,117,469
Expenses
Compensation and Benefits 10,771,756 1,309,362 2,906,268 1,745,980 3,748,473 1,061,673
Books and Supplies 863,200 109,297 223,902 155,075 369,526 5,400
Services and Other Operating Expenditures 4,484,349 637,974 1,245,068 693,505 1,857,406 50,396
Capital Outlay 75,000 35,000 - - 40,000
-Total Expenses 16,194,305 2,091,632 4,375,238 2,594,560 6,015,405 1,117,469
Operating Income (excluding Depreciation and CapEx)
674,467
360,416
45,924
87,853
180,274
-Depreciation 135,370 18,096 37,606 24,587 55,080
Operating Income (including Depreciation)
539,097
342,320
8,317
63,266
125,194
-Fund Balance
Beginning Balance (Unaudited) 2,091,872
Operating Income (including Depreciation) 539,097 342,320 8,317 63,266 125,194
-Ending Fund Balance (including Depreciation) 2,630,969 342,320 8,317 63,266 125,194
-PacWest Net Income Target 603,269 DCR 1.51
-Larchmont Charter School
Total Enrollment 1,443 Total ADA 1,3722015/16 2015/16 2015/16 2015/16 2015/16 2015/16
Preliminary Budget FFX HG SEL LFP NET ALLOCATION
Detail
Enrollment Breakdown
K 114 48 66 - -
-1 114 48 66 - -
-2 114 48 66 - -
-3 114 48 66 - -
-4 116 - 66 50 -
-5 119 - 69 50 -
-6 108 - - 54 54
-7 162 - - 54 108
-8 162 - - 54 108
-9 100 - - - 100
-10 100 - - - 100
-11 70 - - - 70
-12 50 - - - 50
-Enrollment Summary -K-3 456
4-6 343
7-8 324
9-12 320
Total Enrolled 1,443 192 399 262 590 Per School leaders ADA % K-3 96% 96% 96% 4-6 96% 96% 96% 96% 7-8 95% 95% 95% 9-12 95% 95% Average 95% 96% 96% 95% 95% Per FC ADA K-3 435 183 252 -
-4-6 328 - 129 147 52
7-8 306 - - 102 204
9-12 302 - - - 302
Larchmont Charter School
Total Enrollment 1,443 Total ADA 1,3722015/16 2015/16 2015/16 2015/16 2015/16 2015/16
Preliminary Budget FFX HG SEL LFP NET ALLOCATION
REVENUES
General Purpose Entitlement
8011 Charter Schools General Purpose Entitlement - State Aid 6,641,323 8012 Education Protection Account Entitlement 1,583,850
8019 State Aid - Prior Years
-8096 Charter Schools in Lieu of Prop. Taxes 2,275,690
10,500,864
1,394,367 2,862,809 1,841,677 4,402,011 - allocated by LCFF per grade level
8100 Federal Revenue
8181 Special Education - Entitlement 272,487 36,426 75,698 49,492 110,870
8182 Special Education Reimbursement
-8220 Child Nutrition Programs 202,691 27,096 56,309 36,815 82,471
8290 No Child Left Behind
-8291 Title I 126,368 16,893 35,106 22,952 51,417 8292 Title II 2,765 370 768 502 1,125 8293 Title III 8,389 1,121 2,330 1,524 3,413
SUBTOTAL - Federal Income 612,700 81,906 170,212 111,286 249,297 - allocated by ADA per site
8300 Other State Revenues
8381 Special Education - Entitlement (State) 767,726 102,630 213,279 139,443 312,374 8382 Special Education Reimbursement (State) -
-8520 Child Nutrition - State 15,180 2,029 4,217 2,757 6,177
8545 School Facilities Apportionments 793,463 136,800 284,288 - 372,376 allocated based on site facility SB 740 eligibility
8550 Mandated Cost Reimbursements 23,823 3,185 6,618 4,327 9,693 8560 State Lottery Revenue 222,203 29,704 61,729 40,359 90,411
8590 All Other State Revenue
-8593 One Time Funding 655,318 87,603 182,051 119,026 266,637
SUBTOTAL - Other State Income 2,477,714 361,952 752,182 305,913 1,057,668 - allocated by ADA per site
8600 Other Local Revenue
8631 Sales
-8632 Sale of Publications
-8634 Food Service Sales 224,723 30,041 62,429 40,817 91,436 8676 After School Program Revenue 140,302 18,756 38,977 25,483 57,086
8678 Parking Fees
-8681 ASE (Enrichment) Fees 120,000 16,042 33,337 21,796 48,826
8702 Payback to Network 1,117,469 1,117,469 payback to network from sites
SUBTOTAL - Local Revenues 1,602,494 64,839 134,743 88,096 197,348 1,117,469 allocated by ADA per site
8800 Donations/Fundraising
8801 Donations - Parents
-8802 Donations - Private
-8803 Fundraising 1,600,000 513,984 501,217 335,443 249,356
8804 Fundraising - Fund Development
-SUBTOTAL - Fundraising and Grants 1,600,000 513,984 501,217 335,443 249,356 - Allocated by % of actuals received in 14-15.
Larchmont Charter School
Total Enrollment 1,443 Total ADA 1,3722015/16 2015/16 2015/16 2015/16 2015/16 2015/16
Preliminary Budget FFX HG SEL LFP NET ALLOCATION
EXPENSES
Compensation & Benefits
1000 Certificated Salaries
1100 Teachers Salaries 4,067,406 466,204 1,108,431 666,745 1,826,026 -1101 Teacher - Stipends 60,000 7,164 16,119 8,955 27,761 -1103 Teacher - Substitute Pay - - - - - -1111 Teacher - Elective 551,782 127,123 202,241 149,988 72,430 -1200 Certificated Pupil Support Salaries 984,732 160,220 271,065 139,304 314,336 99,807 1300 Certificated Supervisor & Administrator Salaries 862,354 78,280 164,198 78,280 367,247 174,350 1900 Certificated Other Salaries 86,303 - - 45,000 - 41,303
SUBTOTAL - Certificated Employees 6,612,577 838,991 1,762,053 1,088,272 2,607,800 315,460 Allocated by staff at each site
Certificated Employees Summary
1100 Teachers Salaries 4,679,188 600,491 1,326,790 825,688 1,926,218 -1200 Certificated Pupil Support Salaries 984,732 160,220 271,065 139,304 314,336 99,807 1300 Certificated Supervisor & Administrator Salaries 862,354 78,280 164,198 78,280 367,247 174,350 1400 Certificated Bonuses & Extra Pay - - - - - -1900 Certificated Other Salaries 86,303 - - 45,000 - 41,303
SUBTOTAL - Certificated Employees 6,612,577 838,991 1,762,053 1,088,272 2,607,800 315,460 Allocated by staff at each site
2000 Classified Salaries
2100 Classified Instructional Aide Salaries 604,243 22,055 316,598 94,433 171,156 -2101 Classified - Electives 174,707 21,630 47,553 21,630 83,894 -2103 Classified - Classified Substitutes 20,600 2,741 5,696 3,740 8,423 -2400 Classified Clerical & Office Salaries 869,602 69,742 86,541 108,642 87,709 516,968 2905 Other Classified - After School 136,914 21,615 48,467 21,221 8,111 37,500 2908 Other Classified - ACE STIPENDS 35,277 7,839 15,679 7,839 3,920 -2928 Other Classified - Food 93,856 37,076 - 56,780 - -2930 Other Classified - Maintenance/grounds 154,881 36,133 67,022 7,725 44,001
-SUBTOTAL - Classified Employees 2,090,080 218,832 587,555 322,011 407,213 554,468 Allocated by staff at each site
Classified Employees Summary
2100 Classified Instructional Aide Salaries 799,550 46,426 369,847 119,804 263,473 -2200 Classified Support Salaries - - - - - -2300 Classified Supervisor & Administrator Salaries - - - - - -2400 Classified Clerical & Office Salaries 869,602 69,742 86,541 108,642 87,709 516,968 2600 Classified Bonuses & Extra Pay - - - - - -2900 Classified Other Salaries 420,927 102,663 131,167 93,565 56,031 37,500
SUBTOTAL - Classified Employees 2,090,080 218,832 587,555 322,011 407,213 554,468 Allocated by staff at each site
3000 Employee Benefits
Employee Benefits Summary
-Larchmont Charter School
Total Enrollment 1,443 Total ADA 1,3722015/16 2015/16 2015/16 2015/16 2015/16 2015/16
Preliminary Budget FFX HG SEL LFP NET ALLOCATION
4000 Books & Supplies
4100 Approved Textbooks & Core Curricula Materials 110,000 14,650 30,445 19,905 45,000 - Allocated based on information from ED and Site Leaders
4315 Custodial Supplies 28,000 4,480 8,680 12,320 2,520 Allocated by ADA and split between sites 4320 Educational Software 40,000 5,347 11,112 7,265 16,275 - Allocated by ADA per site
4325 Instructional Materials & Supplies - SPED ONLY 5,000 668 1,389 908 2,034 - Allocated by ADA per site, but this code is 4326 HS Fine Arts 10,449 - - - 10,449 - Only for HS
4330 Office Supplies 36,000 3,960 9,360 5,760 14,040 2,880 Allocated by ADA and split between sites 4335 HS PE Supplies 8,000 - - - 8,000 - Only for HS
4340 Professional Development Supplies 10,000 1,337 2,778 1,816 4,069 Allocated by ADA per site 4345 Non Instructional Student Materials & Supplies 2,000 267 556 363 814 Allocated by ADA per site
4346 Teacher Supplies 63,500 12,000 18,000 15,000 18,500 - Allocated by number of teachers and staff 4350 Uniforms 4,000 - - - 4,000 - Only for HS
4351 Yearbook 4,000 535 1,111 727 1,628 Allocated by ADA per site 4352 After School Program Supplies/Snacks 7,381 987 2,051 1,341 3,003 Allocated by ADA per site 4353 After School Vendors 79,130 10,578 21,983 14,372 32,197 Allocated by ADA per site 4410 Classroom Furniture, Equipment & Supplies 5,000 668 1,389 908 2,034 - Allocated by ADA per site
4420 Computers (individual items less than $5k) 100,000 7,600 19,000 23,912 49,488 - Allocated based on information from ED 4430 HS Non Classroom Related Furniture, Equipment & Suppl 5,000 - - - 5,000 - Only for HS
4710 Student Food Services 337,780 45,155 93,837 61,351 137,437 - Allocated by ADA per site 4720 Other Food 7,959 1,064 2,211 1,446 3,238 Allocated by ADA per site
SUBTOTAL - Books and Supplies 863,200 109,297 223,902 155,075 369,526 5,400
Books & Supplies Summary
4100 Approved Textbooks & Core Curricula Materials 110,000 14,650 30,445 19,905 45,000 -4200 Books & Other Reference Materials - - - - - -4300 Materials & Supplies 297,460 40,159 77,019 47,553 127,329 5,400 4400 Noncapitalized Equipment 110,000 8,268 20,389 24,820 56,522 -4700 Food 345,740 46,219 96,048 62,797 140,675
Larchmont Charter School
Total Enrollment 1,443 Total ADA 1,3722015/16 2015/16 2015/16 2015/16 2015/16 2015/16
Preliminary Budget FFX HG SEL LFP NET ALLOCATION
5000 Services & Other Operating Expenses
5210 Conference Fees 2,000 - - - - 2,000 Only for NET office 5215 Travel - Mileage, Parking, Tolls 1,000 - - - - 1,000 Only for NET office 5220 Travel and Lodging 5,000 - - - - 5,000 Only for NET office 5223 Facility & Staff Parking 30,000 - - - 30,000 Only for HS
5305 Dues & Membership - Professional 5,000 668 1,389 908 2,034 Allocated by ADA per site 5310 Subscriptions 3,190 426 886 579 1,298 Allocated by ADA per site 5400 Insurance - - - -
-5450 Insurance - Other 114,463 15,302 31,798 20,790 46,573 Allocated by ADA per site
5510 Utilities - Gas and Electric 65,000 10,400 20,150 - 28,600 5,850 Allocated by ADA and split between sites that have utility expenses
5515 Janitorial, Gardening Services & Supplies 30,000 4,800 9,300 - 13,200 2,700 Allocated by ADA and split between sites that have Janitorial services
5520 Security 50,000 - - - 50,000 Only for HS
5605 Equipment Leases 75,000 10,026 20,835 13,622 30,516 Allocated by ADA per site 5610 Rent 1,266,301 231,847 397,707 96,000 515,701 25,046 Allocated by site based on lease
agreements 5611 Prop 39 Related Costs - - - -
-5615 Repairs and Maintenance - Building 30,000 4,010 8,334 5,449 12,206 Allocated by ADA per site 5616 Repairs and Maintenance - Computers 2,000 267 556 363 814 Allocated by ADA per site 5617 Repairs and Maintenance - Other Equipment 3,600 481 1,000 654 1,465 Allocated by ADA per site 5699 Other Rentals, Leases and Repairs 6 54,000 7,219 15,001 9,808 21,972 Allocated by ADA per site 5800 Other Services & Operating Expenses - - - -
-5803 Accounting Fees 10,000 1,337 2,778 1,816 4,069 Allocated by ADA per site 5804 To Network 1,117,469 149,384 310,439 202,967 454,678 Allocated by ADA per site 5809 Banking Fees 33,000 4,411 9,168 5,994 13,427
5810 Service 4 - - - -
-5812 Business Services 155,000 20,721 43,060 28,153 63,067 Allocated by ADA per site 5816 Data Director 6,311 844 1,753 1,146 2,568 Allocated by ADA per site 5820 Consultants - Non Instructional - Custom 1 6,000 802 1,667 1,090 2,441 Allocated by ADA per site 5824 District Oversight Fees 105,009 14,038 29,172 19,073 42,726 Allocated by ADA per site
5830 Field Trips Expenses 129,000 8,000 18,000 75,000 28,000 Allocated based on information from ED and Site Leaders
5833 Fines and Penalties 1,500 201 417 272 610 Allocated by ADA per site 5836 Fingerprinting 6,000 802 1,667 1,090 2,441 Allocated by ADA per site 5839 Fundraising Expenses 50,000 6,684 13,890 9,082 20,344 Allocated by ADA per site 5843 Interest - Loans Less than 1 Year 85,967 11,492 23,882 15,614 34,978 Allocated by ADA per site 5845 Legal Fees 22,988 3,073 6,386 4,175 9,353 Allocated by ADA per site 5846 Loan and Financing Fees - - - -
-5848 Licenses and Other Fees 10,000 1,337 2,778 1,816 4,069 Allocated by ADA per site 5851 Marketing and Student Recruiting 2,500 334 695 454 1,017 Allocated by ADA per site 5855 Consultants - Other 2 17,891 2,392 4,970 3,250 7,280 Allocated by ADA per site 5856 Consultants - Other 3 - - - -
-5857 Payroll Fees 18,540 2,478 5,151 3,367 7,544 Allocated by ADA per site
5863 Professional Development 35,000 4,000 9,000 6,500 15,500 Allocated by number of teachers and staff per site.
5869 Special Education Contract Instructors 377,000 50,398 104,733 68,475 153,395 Allocated by ADA per site 5872 Special Education Encroachment 208,043 27,811 57,795 37,787 84,649 Allocated by ADA per site 5874 Sports 17,000 - - - 17,000 Only for HS
