CEDC Annual Report FY06/07COPPELL EDUCATION DEVELOPMENT CORPORATION
ANNUAL REPORT
FY06 -07 ANNUAL PERFORMANCE REVIEW
FY07 -08 PROJECTION OF GOALS
FY08 BUDGET
SEPTEMBER 25, 2007
ANNUAL CORPORATE BUDGET
FY06 -07 ANNUAL PERFORMANCE REVIEW, FY07 -08 PROJECTION OF GOALS
AND FY07 BUDGET
FY06 -07 (October 1, 2006 through September 30, 2007) was the sixth fiscal year for the
Coppell Education Development Corporation (CEDC). Sales tax collection for the CEDC is
scheduled to end December 31, 2007. The following seven individuals comprised the CEDC
Board of Directors:
1) Antonio Altemus
2) Gina Mote
3) JoAnn Schauf*
4) Carrie Mamantov
5) Brian Letzkus
6) Thomas Massimi
7) April Terry**
* *Filled unexpired term D. Michaels.
FY06 -07 ANNUAL PERFORMANCE REVIEW
• Antonio Altemus, President
• JoAnn Schauf, Vice President
• Gina Mote, Secretary
467 Clear Creek Lane, Coppell, TX 75019
1523 Falls Road, Coppell, TX 75019
215 Westwind Drive, Coppell, TX 70519
126 Turnberry Lane, Coppell, TX 75019
105 Branchwood Trail, Coppell, TX 75019
1018 Gibbs Crossing, Coppell, TX 75019
164 Bricknell Lane, Coppell, TX 75019
*Removed July 2007 due to failure to meet attendance requirements.
The CEDC Board of Directors met on Wednesday, October 11, 2006 at Coppell Town
Center. At this first meeting the CEDC Board elected the following to serve as officers per its
bylaws:
With these officers presiding, joined by the CEDC staff liaison Jim Witt, Coppell City
Manager, and Kathy Bowling, Recording Secretary, the CEDC held five Board of Director
meetings throughout FY06 -07 including October 11, 2006, November 8, 2006, December 13,
2006, June 13, 2007 and September 12, 2007. The regularly scheduled January, February,
March, April, May, July, and August 2007 meetings were cancelled because there were no
grants to review.
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2 -yr. term
2 -yr. term
2 -yr. term
1 -yr. term
2 -yr. term
2 -yr. term
1 -yr. term
SCHOOL
# OF
STUDENTS
% OF
FUNDS
BUDGET ALLOCATION
FOR AS OF 6/30/07 PLUS
CARRYOVERS
Coppell ISD
8,292
92.68%
$8,444,401.41
Carrollton/Farmers
Branch ISD
515
5.76%
$633,116.02
North Hills School
84
.94%
$48,358.64
Lewisville ISD
56
.63%
$5,246.18
TOTAL
8,947
100.00%
$9,131,122.26
GRANT APPLICATIONS AND REVIEW
At the October 11, 2006 meeting the Board unanimously approved three grants from the
Coppell Independent School District. They included: A grant in the amount of $804,917 for
13 Literacy Intervention Support teachers; a grant in the amount of $1,083,600 for nine
certified teachers and three aides for ESOL; and a grant in the amount of $644,375 for 12
Spanish teachers. Two grants from The North Hills School were also approved. The first grant
was for computers, projectors, screens, etc., to update technology in the amount of $16,311.53.
The second grant was in the amount of $21,746.40 to purchase hardware and software for
promoting foreign language.
At the November 8, 2006 meeting the Board voted to approve a grant application from the
Coppell Independent School District in the amount of $128,833 for three certified Spanish
teachers. The Board then viewed a film on Open Meetings.
At the December 13, 2006 meeting three grant applications from the Lewisville
Independent School District (LISD) were approved unanimously. The first was in the amount
of $7,675 for technology at Killough High School North. The second application was in the
amount of $8,872 to provide funding for technology at Durham Middle School. And the third
grant application was in the amount of $41,193 for books and technology at Rockbrook
Elementary. A fourth grant application in the amount of $9,917 was approved contingent upon
a correction to the amount listed on page 8. The representative from LISD emailed the
corrected page 8, which was forwarded to all Board members for their approval, which was
received.
At the June 13, 2007 meeting two grants from the Coppell Independent School District
were approved unanimously. The first grant was for library print material in the amount of
$126,000. The second grant was for equipment in the Engineering Technologies Pathway
program at Coppell High School in the amount of $35,000. City Manager Jim Witt distributed
the estimated sales tax collections as of March 31, 2007.
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At the September 12, 2007 meeting the Board voted unanimously to approve two grant
applications from the Carrollton- Farmers Branch Independent School District. The first was
for a half -time technology support specialist and substitutes for 27 days of staff development in
the amount of $54,525. The second grant was for four full -time paraprofessional salaries and
additional printed material to improve reading skills in the amount of $139,550. Also at this
meeting the Board approved the Annual Corporate Budget for the Coppell Education
Development Corporation.
2006 ACTUAL RESULTS
CISD Total: $2,859,392 of $4,804,315 leaving $1,944,923
CFBISD Total: $154,800 of $295,444 leaving $140,644
NHS Total: $38,058 of $36,371 leaving $ -0-
LISD Total: $28, 531 of $31, 895 leaving $3, 364
$3,080,781 of $5,168,024
Original sales tax projection was $3,045,000. Actual collections were $4,047,864 --
$1,002,864 excess due to revenues being higher than anticipated. Any unspent funds roll
forward to the next year.
SUMMARY OF FY 2006 -07 GRANT AWARDS
2006 -L03 CISD ESOL $1,083,600.00
2006 -L04 CISD Literacy $804,917.00
2006 -SO1 CISD Spanish Teachers $644,375.00
2006 -S02 CISD Spanish Teachers $128,833.00
2006 -T02 North Hills Technology $ 16,311.53
2006 -L05 North Hills Language Labs $ 21,746.40
2007 -TO1 LISD Technology $ 7,675.00
2007 -T02 LISD Technology $ 8,872.00
2007 -T03 LISD Technology $ 9,917.00
2007 -LO1 LISD Books $ 41,193.00
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2007 -L02 CISD Books $126,000.00
2007 -T04 CISD Technology $ 35,000.00
2007 -T05 C -FB Technology $ 54,525.00
2007 -L03 C -FB Books $139,550.00
TOTAL $3,173,624.93
FY07 -08 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 is scheduled to end on
December 31, 2007. Members who take office in October 2007, along with the remaining
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 FY07 -08 (October 1, 2007 through
final disbursement in 2008) are represented in brief by the following bulleted list:
• Continue to convene the CEDC Board of Directors at regularly scheduled
meetings throughout FY08 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. The current CEDC education
development plan, in accordance with city of Coppell budgetary estimates,
expects to administer in the remaining months of FY08 the following levels of
grant awards:
FY07 379A Sales Tax Revenue Estimate $10,312,372
• Successfully integrate new members into the CEDC Board of Directors in
October 2007.
• Process FY08 Grant Applications from October 2007 through the final
collections in December 2007 that will be paid to the City sometime in 2008.
• Finalize FY08 Grant Agreements from October 2007 through collections in
2008.
• Develop and submit final CEDC Annual Corporate Budget report by October 1,
2008.
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FY08 BUDGET
The CEDC FY08 Budget included herein is based on the most current available estimate of
FY08 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.
Revenues
Section 379A (Municipal Education Development Act) Sales Tax Revenue
Expenditures
Salary & Benefits
Supplies
Maintenance
Services
Grant Award Services $10,312,372
This Annual Corporate Budget report is respectfully submitted in accordance with the
Bylaws of the Coppell Education Development Corporation (CEDC) this 25 day of September
2007.
ON BEHALF OF THE CEDC BOARD OF DIRECTORS
By:
Antonio Altemus, President
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$0
$0
$0
$1,181,250