CEDC Annual Report FY08/09COPPELL EDUCATION DEVELOPMENT CORPORATION
ANNUAL REPORT
FY08 -09 ANNUAL PERFORMANCE REVIEW
FY09 -10 PROJECTION OF GOALS
FY 10 BUDGET
OCTOBER 8, 2009
ANNUAL CORPORATE BUDGET
FY08 -09 ANNUAL PERFORMANCE REVIEW, FY09 -10 PROJECTION OF GOALS
AND FY10 BUDGET
FY08 -09 ANNUAL PERFORMANCE REVIEW
FY08 -09 (October 1, 2008 through September 30, 2009) was the eighth fiscal year for the
Coppell Education Development Corporation (CEDC). The following seven individuals
comprised the CEDC Board of Directors:
1) Antonio Altemus
2) Gina Mote
3) Bill Elieson
4) Marilyn Kibler
5) Brian Letzkus
6) Thomas Massimi
7) April Terry
• Antonio Altemus, President
• Brian Letzkus, Vice President
• Gina Mote, Secretary
467 Clear Creek Lane, Coppell, TX 75019
1523 Falls Road, Coppell, TX 75019
369 E. Parkway Blvd., Coppell, TX 70519
306 Buttonwood Court, Coppell, TX 75019
105 Branchwood Trail, Coppell, TX 75019
1018 Gibbs Crossing, Coppell, TX 75019
164 Bricknell Lane, Coppell, TX 75019
The CEDC Board of Directors met on Wednesday, October 8, 2008 at Coppell Town
Center. At this first meeting the CEDC Board voted unanimously to reappoint the current
officers as allowed per its bylaws:
With these officers presiding, staff liaison Jim Witt, Coppell City Manager, and Kathy
Bowling, Recording Secretary joined the CEDC Board of Director meetings on October 8,
2008 and November 12, 2008; staff liaison Clay Phillips, Coppell City Manager, and Kathy
Bowling, Recording Secretary joined the CEDC Board of Director meeting on February 11,
2009; and staff liaison Clay Phillips, Coppell City Manager and Debbie Cravey, Recording _
Secretary joined the CEDC Board of Director meeting on September 9, 2009 throughout FY08-
09. The regularly scheduled December 2008, January, March, April, May, June, and July, 2009
meetings were cancelled because there were no grants to review. The regularly scheduled
August 12, 2009 meeting was cancelled due to a lack of a quorum. The agenda did not include
any grants to review.
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2 -yr. term
1 -yr. term
2 -yr. term
2 -yr. term
1 -yr. term
1 -yr. term
2 -yr. term
SCHOOL
# OF
STUDENTS
% OF
FUNDS
BUDGET ALLOCATION
AS OF 08/31/09 PLUS
CARRYOVERS
Coppell ISD
8,578
92.68%
$5,867,374.42
Carrollton/Farmers
Branch ISD
363
5.76%
$ 180,247.28
North Hills School
55
0.94%
$ 4,575.19
Lewisville ISD
25
0.63%
$ 3,336.46
TOTAL
9,021
100.00%
$6,055,533.36
GRANT APPLICATIONS AND REVIEW
At the October 8, 2008 meeting the Board unanimously approved four grants from the
Coppell Independent School District. They included: A grant in the amount of $1,113,132 for
90 ESOL teachers; a grant in the amount of $724,614 for 12 literacy intervention support
teachers; a grant in the amount of $1,046,326 for 13 Spanish teachers at the Coppell High
School, 2 Spanish teachers at New Tech High, and 1 Spanish teacher each at the 3 Coppell
Middle Schools; and a grant in the amount of $126,000 for library materials.
At the November 12, 2008 meeting the Board unanimously approved two grants from the
Lewisville Independent School District. They included: A grant in the amount of $9,754 for
licenses for test preparation software at Lewisville High School and a grant in the amount of
$8,871 for technology at the Durham Middle School.
At the February 11, 2009 meeting the Board unanimously approved a grant from the
Carrollton- Farmers Branch Independent School District in the amount of $540,524 for
technology; approved the distribution of additional funds to Lewisville Independent School
District and The North Hills Preparatory School; and approved an amendment to the
Professional Service Agreement with Kasner and Associates.
At the September 9, 2009 meeting the Board approved allowing the school districts the
ability to submit multiple year grants. There were no grants submitted for approval.
SUMMARY OF FY 2008 -09 GRANT AWARDS
2009-L01 CISD ESOL Teachers $ 1,131,132.00
2009 -L02 CISD Literacy $ 724,614.00
2009 -SO1 CISD Spanish Teachers $ 1,046,326.00
2009 -L03 CISD Library Materials $ 126,000.00
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2009 -TO1 LISD Licenses $ 9,754.00
2009 -T02 LISD Technology $ 8,871.00
2009 -T03 CFBISD Technology $ 540,524.00
TOTAL $ 3,587,221.00
FY09 -10 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. The collection of a half -cent sales tax for education ended on March 31, 2008.
Current board members will continue to serve until all funds have been expended. In support
of this goal, the objectives of the CEDC Board of Directors for FY09 -10 (October 1, 2009
through final disbursement in 2010) are represented in brief by the following bulleted list:
• Continue to convene the CEDC Board of Directors at regularly scheduled
meetings throughout FY 10 to faithfully administer the CEDC grant application,
review and award funding in accordance with the bylaws, and the grant review
policy adopted by the Mayor and Council.
• Process FY10 Grant Applications from October 2009 through final distribution
of all remaining revenue.
• Finalize FY10 Grant Agreements from October 2009 through final disbursement
of all funds.
• Develop and submit final CEDC Annual Report to Council after September 30,
2009 and the Fiscal Year is completed.
• Work with school districts to expend all remaining funds in as expedient a
manner as possible.
FY10 BUDGET
The CEDC FY 10 Budget included herein is based on the most current available estimate of
FY09 collectable 379A sales tax revenues as provided by the Coppell Finance Director. 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.
Grant Award Services $3,000,000
This Annual Corporate Budget report is respectfully submitted in accordance with the
Bylaws of the Coppell Education Development Corporation (CEDC) this 8 day of October
2009.
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ON BEHALF OF THE CEDC BOARD OF DIRECTORS
By:
Brian L
, Vice President