CEDC Annual Report FY02/03COPPELL EDUCATION DEVELOPMENT CORPORATION
RECEIVED
2 ':' '"" OCT 2 ~.; 2003
RECORDS CENTER
C!TY OF COPPELL
ANNUAL CORPORATE
BUDGET
FY03
FY04
FY04
ANNUAL PERFORMANCE REVIEW
PROJECTION OF GOALS
BUDGET
OCTOBER 8, 2003
ANNUAL CORPORATE BUDGET
FY03 ANNUAL PERFORMANCE REVIEW, FY04 PROJECTION OF GOALS AND
FY04 BUDGET
FY03 ANNUAL PERFORMANCE REVIEW
FY03 (October 1, 2002 through September 30, 2003) was the second fiscal year for the Coppell
Education Development Corporation (CEDC). The following seven individuals comprised the
CEDC Board of Directors:
1) Steve Brock 123 Georgian Drive, Coppell, TX 75019 2-year term
2) Diane Ebersberger 226 Crown Point, Coppell, TX 75019 2-year term
3) Valerie Strong P.O. Box 332, Coppell, TX 75019 2-year term
4) Jerry Coker 131 Tennyson Place, Coppell, TX 75019 1-year term
5) David Hermanski 730 Armstrong Blvd, Coppell, TX 75019 1-year term
6) Betty Carter 787 Pelican, Coppell, TX 75019 1-year team
7) Peggy Quinn 305 Beechwood Lane, Coppell, TX 75019 1-year term
8) Tony Dickensheets* 713 Allen Road, Coppell, TX 75019 2-year term
*Appointed January 14, 2003 to fill unexpired term ofD. Ebersberger who resigned
December 16, 2002.
The CEDC Board of Directors met on Wednesday, October 9, 2002 at Coppell Town Center. At
this first meeting the CEDC Board elected the following to serve as officers per its bylaws:
· Jerry Coker, President
· Peggy Quinn, Vice President
· Betty Carter, Secretary
With these officers presiding, joined by the CEDC staff liaison Jim Witt, Coppell City Manager,
and Kathy Bowling, Recording Secretary, the CEDC held eight (8) Board of Director meetings
throughout FY03 including October 9, 2002, November 13, 2002, December 11, 2002, January
8, 2003, February 12, 2003, May 28, 2003, July 30, 2003 and August 13, 2003. The regularly
scheduled March, April and June 2003 meetings were cancelled because there were no grants to
review.
GRANT APPLICATIONS AND REVIEW
At the October 9, 2002 meeting CISD requested additional funds in the form of amendments to
original grants previously approved. CISD explained that teacher salaries were higher than
expected. The Board denied all amendments, and requested teacher pay scales be submitted at
the beginning of each school year. A Technology Systems grant from CISD in the amount of
$24,700 was also denied at that meeting. Approved at that meeting:
Broadcast Journalism
$23,500
At the November 13, 2002 meeting the Board approved amendments for the following CISD
grants:
ESL Grant No. 2002-E01
$39,429
Spanish Teachers Grant No. 2002-S01
$10,473
Literacy Grant No. 2002-L02
$50,391
A subcommittee consisting of Steve Brock, Peggy Quinn and Valerie Strong was formed at this
meeting to revise the Grant Application.
At the January 8, 2003 meeting the Board unanimously approved the revised Grant Application,
and Jim Witt was asked to forward it to all three school districts.
On January 17, 2003 Dr. Jerry Roy, Superintendent of Schools, Lewisville ISD, wrote that they
would not be submitting any grant applications because of the small amount of money received
versus the paperwork involved.
At the February 12, 2003 meeting, the Board voted that LISD was not eligible for funds in 2003
because they did not submit enrollment numbers by the grant application deadline of February 1.
That money would be divided among the three schools that did submit enrollment numbers:
CISD, North Hills, and Carrollton-Farmers Branch ISD.
SCHOOL # OF % OF FUNDS BUDGET ALLOCATION FOR
STUDENTS 2003 PLUS CARRYOVERS
Coppell ISD 8,626 95.13% $2,131,797
Carrollton/Farmers 365 4.03% $123,589
Branch ISD
North Hills School 77 .85% $17,913
Lewisville ISD 0 0 $999
TOTAL 9,068 $2,274,298
At the May 28, 2003 meeting a North Hills School grant for textbooks was approved:
Foreign Language Textbooks
$17,223.52
At the July 30, 2003 meeting one citizen appeared against an ESL grant. Prior to that meeting,
36 emails had been received from citizens against awarding funds for ESL. The ESL grant
application failed to receive a second to bring it to vote, but the Board approved three other
CISD grant applications:
Library Print Collection
$129,390.00
Elementary/Middle School Spanish
$259,845.57
Literacy Support Teachers
$482,611.00
At the August 13, 2003 meeting one citizen appeared against an ESL grant. Mayor Doug Stover
read a Policy Statement that had been unanimously voted by City Council instructing the Board
to ensure that application guidelines are followed, and the application is administratively correct.
Mayor Stover said any issues regarding how grants were being utilized should be addressed
directly with the respective school board. The CEDC was only authorized to ensure the grant
met one of the three instructional subjects of eligibility: foreign language, literacy, and career
technology. The Board reviewed the ESL grant for a second time, and denied it.
Two grants from Carrollton-Farmers Branch ISD were approved at the August meeting:
Technology Support
$30,000
Books $50,000
At the August 26, 2003 City Council Meeting, the ESL grant from CISD was approved
unanimously:
ESL $816,300
2002 ACTUAL RESULTS
CISD Total: $1,489,944 of $1,784,151 leaving $294,207
CFBISD Total: $25,274 of $75,501 leaving $50,227
NHS Total: $1 O, 000 of $11,439 leaving $1,439
LISD Total: $4,200 of $5,199 leaving $999
$1,529,418 of $1,876,291 leaving $346,873
Original sales tax projection was $1,750,000. Actual collections were $1,876,291 -- $126,291
of $346,873 due to revenues being higher than anticipated. The remaining funds are due to the
conservative approach taken by the City in regards to sales tax. Any unspent funds, roll forward
to the next year.
SUMMARY OF FY03 GRANT AWARDS
2003-T01 CISD Technology $23,500
2003-T02 C-FBISD Technology $30,000
2003-L01 CISD Literacy (Books) $129,390
2003-L02 CISD Literacy (Teachers) $482,611
2003-L03 C-FBISD Literacy (Books) $50,000
2003-S01 No. Hills Foreign Language $17,223.52
2003-S02 CISD Spanish $259,845.57
2003-E01 CISD ESL $816,300
AMENDMENTS:
2002-E01 CISD ESL $39,429
2002S01 CISD Spanish $10,473
2002-L02 CISD Literacy $50,391
TOTAL $1,909,163.09
F¥03 PROJECTION OF GOALS
The purpose and overriding goal of the Coppell Education Development Corporation, a
nonprofit, non-stock corporation with no members, is to finance programs to publicly funded
institutions which will promote literacy, foreign language and career technology for a skilled
workforce, as authorized by Section 379A of the TEXAS LOCAL GOVERNMENT CODE, as
amended. In support of this goal, the objectives of the CEDC Board of Directors for FY04
(October 1, 2003 through September 30, 2004) are represented in brief by the following bulleted
list:
Continue to convene the CEDC Board of Directors at regularly scheduled meetings
throughout FY04 to faithfully administer the CEDC grant application, review and award
processes providing funding in accordance with our Bylaws, and the grant review policy
adopted by the Mayor and Council. The current CEDC education development plan, in
accordance with City of Coppell budgetary estimates, expects to administer in FY04
through FY06 the following levels of grant awards:
FY04 379A Sales Tax Revenue Estimate
FY05 379A Sales Tax Revenue Estimate
FY06 379A Sales Tax Revenue Estimate
TOTAL
$1,940,000
$2,037,000
$535,OOO
$4,512,000
· Successfully integrate four new members into the CEDC Board of Directors as of
October 1, 2003 with three terms expiring as of September 30, 2004.
· Review, revise, refine and republish the CEDC Grant Application document, processes,
criteria, guidelines and requirements for the 2004-05 school year. This activity to be
conducted during October to January 2004 with updated kits available to school districts
in February 2004.
· Process FY04 Grant Applications from March through September of 2004.
· Finalize FY04 Grant Agreements from April through September of 2004.
· Develop and submit the CEDC Annual Corporate Budget report by October 1, 2004.
FY04 BUDGET
The CEDC FY04 Budget included herein is based on the most current available estimate of
CY2004 collectable 379A sales tax revenues as provided by the Coppell City Manager. This
budget is also simply modeled to reflect the four (4) top-level account categories used as a
standard in the budgets of the City of Coppell.
Revenues
Section 379A (Municipal Education Development Act) Sales Tax Revenue $1,940,000
Expenditures
Salary & Benefits $0
Supplies $0
Maintenance $0
Services
Grant Award Services $1,940,000
This Annual Corporate Budget report is respectfully submitted in accordance with the Bylaws of
the Coppell Education Development Corporation (CEDC) this 8th day of October 2003.
ON BEHALF OF THE CEDC BOARD OF DIRECTORS
By:
Betty Carter, President
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