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Pacific Pathfinder Vocational Academy

Budget and Business Plan

PPVA will be housed on an existing school campus, utilizing their existing facilities, such as the existing auto shop area, wood shop, and empty temporary classrooms. Students will attend their core curriculum classes with the other students at Pacific High School. The ADA amount will be divided equally between Pacific Pathfinder Academy and Pacific High School as students will be splitting their time between the two schools. The following budget will provide some start up costs as well as an ongoing budget to allow the academy to continue running, and hopefully expand in the next year.

 

Resources

$   889,650          $7117.20 per student ADA amount times 250 students (39.54 per       

       student @ 180 days divided by 2 to allow half ADA amount to Pacific High)

$   250,000          Tech-Prep Demonstration Program Federal Grant

$     81,000          California Partnership Academies Grant (State of CA)

$     10,000          Cooper Industries Vocational Education Grant

$1,230,650          Total start up and first year operating budget

 

 

Administrators            1

Faculty                     10        Full Time

Support Staff              8        (1 secretary, 5 assistants, 1 custodian, 1 community liaison)

 

Expenses

                          Salaries

$  75,000            Principal

$  26,000            Secretary

$450,000            Teachers 10 @ 45,000 per year

$  71,820            Assistants 5 @ $79.80 per day for 180 days

$  42,000            Community Liaison

$  16,200            Custodian $15 per hour @ 6hrs per day for 180 days

$681,020

 

                          Benefits

$    4,726.32       Unemployment Insurance                    .711% of salaries

$  36,565.10       Workers Compensation                     5.5% of salaries

$  10,570.63       Medicare                                          1.59% of salaries

$  59,168.98       Medical coverage                              8.9% of salaries

$     6648.20       Life Insurance                                   1.0% of salaries

$   26858.78       Retirement                                        4.04% of salaries

$     7069.24       Social Security                                  6.2% for classified staff, $114,020

$151,617.25

 

                          General Expenses

$115,000            Insurance

$  10,000            Copier lease w/maintenance

$  10,000            Classroom supplies $1000 per teacher

$  25,000            Instructional Materials $100 per student

$  50,000            Equipment (computers, auto shop equipment and tools, wood shop

      equipment and tools, beauty school equipment and tools, the remainder will come through           community partner donations)

 

$210,000            Total expenses

      (Utilities expenses will be absorbed by Pacific High School as part of the Academy’s division
      of ADA resources)

 

 

      Yearly Cash Flow

$1,230,650.00     Revenues

$1,042,637.25     Expenses

$   188,012.75     Balance (The positive balance can be applied to the district’s General

                    Fund, or can be applied to expansion of the academy.)

 

 

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