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CEDC Annual Report FY09/10 COPPELL EDUCATION DEVELOPMENT CORPORATION ANNUAL REPORT FY09-10 ANNUAL PERFORMANCE REVIEW FY10-11 PROJECTION OF GOALS FY11 BUDGET OCTOBER 14, 2010 ANNUAL CORPORATE BUDGET FY09-10 ANNUAL PERFORMANCE REVIEW, FY10-11 PROJECTION OF GOALS AND FY11 BUDGET FY09-10 ANNUAL PERFORMANCE REVIEW FY09-10 (October 1, 2009 through September 30, 2010) was the ninth fiscal year for the Coppell Education Development Corporation (CEDC). The following seven individuals comprised the CEDC Board of Directors: 1)Brian Letzkus, 105 Branchwood Trail, Coppell, TX 75019 2)Gina Mote, 1523 Falls Road, Coppell, TX 75019 3) Bill Elieson, 369 E. Parkway Blvd., Coppell, TX 70519 4)Thomas Massimi, 1018 Gibbs Crossing, Coppell, TX 75019 5)April Terry, 164 Bricknell Lane, Coppell, TX 75019 6)Robert Brummitt, 610 Pheasant Lane, Coppell, TX 75019 7)Eric Pratt, 630 Oakbend Dr., Coppell, TX 75019 The CEDC Board of Directors met on Thursday, October 8, 2009 at Coppell Town Center. At this first meeting the CEDC Board voted unanimously to appoint the following officers as allowed per its bylaws: Brian Letzkus, President  Thomas Massimi, Vice President  Gina Mote, Secretary  With these officers presiding, staff liaison Clay Phillips, Coppell City Manager and Debbie Cravey, Recording Secretary joined the CEDC Board of Director meetings on October 8, 2009 and June 10, 2010; staff liaison Mario Canizares, Coppell Deputy City Manager and Debbie Cravey, Recording Secretary joined the CEDC Board of Director meeting on November 12, 2009. The regularly scheduled December 2009, January, February, March, April, May, July, August and September, 2010 meetings were cancelled because there were no grants to review. GRANT APPLICATIONS AND REVIEW At the October 8, 2009 meeting the Board unanimously approved three grants from the Coppell Independent School District. They included: A grant in the amount of $1,987,162 to fund salaries and benefits for eleven (11) Spanish teachers at Coppell High School, three (3) Spanish teachers at New Tech High, and one (1) Spanish teacher each at the three middle schools; a grant in the amount of $1,103,438 to fund the salaries for thirteen (13) Literacy 2 Intervention support teachers in 2009-2010 and six (6) Literacy Intervention support teachers in 2010-2011; and a grant in the amount of $2,579,515 to fund the salaries for twenty-three (23) campus level personnel units and one-half (1/2) administrative personnel unit in 2009-10 and twenty-five (25) personnel units in 2010-11 for approximately 638 pre-kindergarten through twelfth grade students. At the November 12, 2009 meeting the Board unanimously approved to adjust the distribution of remaining fund balances to the respective school district from $1,000 to $10,000. There were no grants submitted for approval. At the June 10, 2010 meeting the Board unanimously approved a grant from the Carrollton- Farmers Branch Independent School District in the amount of $180,882 and authorized the City Manager to grant any remaining funds from previous grants up to the total amount of $219,600 as originally requested in the grant application to fund interactive, 3D projection technology and electronic book readers (Apple IPads), hire a part time instructional technology coach, and provide transportation for students who require extra academic support to meet instructional goals at Ranchview High School. The Board also unanimously approved an addendum from the Coppell Independent School District for the continuation of funding four personnel units for the promotion of literacy in 2010-2011 in the amount of $239,918 and authorized the City Manager to grant any remaining funds from previous grants up to the total amount of $250,000 as originally requested in the addendum. SCHOOL # OF % OF BUDGET ALLOCATION STUDENTS FUNDS AS OF 08/31/10 PLUS CARRYOVERS Coppell ISD 8,292 94.15% $ 5,725.38 Carrollton/Farmers 515 5.85% $54,444.27 Branch ISD North Hills School 0 0.00% 0.00 Lewisville ISD 0 0.00% 0.00 TOTAL 8,807 100.00% $60,169.95 SUMMARY OF FY 2009-10 GRANT AWARDS 2010-S01 CISD Spanish Teachers $ 1,987,162.00 2010-L01 CISD Literary Intervention Teachers $ 1,103,438.00 2010-L02 CISD Limited English Proficient Program $ 2,579,515.00 3 2010-T01 CFBISD Technology $ 180,882.00 2010-L01Addendum CISD Literary Intervention Teachers $ 239,918.00 TOTAL $ 6,090,915.00 DISTRIBUTION OF REMAINING FUND BALANCES North Hills Technology $ 4,650.51 LISD Technology/Literacy $ 3,386.67 TOTAL $ 8,037.18 GRAND TOTAL $6,098,952.18 FY10-11 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 FY10-11 (October 1, 2010 through final disbursement in 2011) are represented in brief by the following bulleted list: Continue to convene the CEDC Board of Directors at regularly scheduled  meetings throughout FY11 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 FY11 Grant Applications from October 2010 through final distribution  of all remaining revenue. Finalize FY11 Grant Agreements from October 2010 through final disbursement  of all funds. Develop and submit final CEDC Annual Report to Council after September 30,  2010 and the Fiscal Year is completed. Work with the remaining school districts to expend all remaining funds in as  expedient a manner as possible. 4 FY11 BUDGET The CEDC FY11 Budget included herein is based on the most current available estimate of FY10 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 $3,350,706 This Annual Corporate Budget report is respectfully submitted in accordance with the th Bylaws of the Coppell Education Development Corporation (CEDC) this 14 day of October 2010. ON BEHALF OF THE CEDC BOARD OF DIRECTORS By: ___________________________________ Brian Letzkus, President 5