2014–2015 REVISED BUDGET · 2016-06-27 · financial impact of annual enrollment variances on funding. The district’s overall 2014–2015 averaged FTE adjusted down to 14,799.8

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Arapahoe County School District Number SixArapahoe County School District Number SixArapahoe County School District Number Six

LITTLETON PUBLIC SCHOOLSLITTLETON PUBLIC SCHOOLSLITTLETON PUBLIC SCHOOLS

201420142014–––201520152015 REVISED REVISED REVISED BUDGETBUDGETBUDGET

ON THE COVER—Clockwise from top left: Kylan Adamson (Moody Elementary School); Angela Young, Amy Caran, and Kimberly Nguyen (Heritage High School); Vincent Bilancia-Arcuri (Highland Elementary School); Brea Giancaterino and Kara Arnold (Arapahoe High School); Neharika Singh (Franklin Elementary School); Javon Moore and Wyatt Roos (Moody Elementary School); Gracie Fix (Franklin Elementary School); Miles Fu and Nathan Jeffries (Franklin Elementary School); Vivian Hartford (Franklin Elementary School); Alex Baxman and Hayden Chilton (Euclid Middle School); Davis Bonner, Riku Ochida, and David McCarrow (Heritage High School); Aiden Carlson (The Village Preschool); Davis Bonner (Heritage High School); and Katie Puchino (Euclid Middle School).

LITTLETON PUBLIC SCHOOLS Littleton, Colorado

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FISCAL YEAR 2014–2015 REVISED BUDGET TABLE OF CONTENTS

Introductory Section

Letter to Board of Education ............................................................................................................. 1

Executive Summary ............................................................................................................................ 2

Financial Section

Revised Budget Summary of All Funds for the Fiscal Year Ending June 30, 2015 .............................. 5

Revised Budget Appropriation Resolution Fiscal Year 2014–2015 .................................................... 7

Beginning Fund Balances for All Funds and Ending General Fund Reserve Balances ........................ 8

General Fund

Budgeted Revenues Summary ................................................................................................. 9

Expenditures by Service Area ................................................................................................... 10

Expenditures by Object ............................................................................................................ 11

Expenditures Budget Detail

Elementary Schools and Preschool Summary .......................................................................... 12

Middle Schools Summary ......................................................................................................... 13

High Schools Summary ............................................................................................................. 14

Special Instruction Summary .................................................................................................... 15

Governance Summary ............................................................................................................... 16

Support Components Summary ................................................................................................ 17

Other Funds

Risk Management Fund ............................................................................................................ 18

Bond Redemption Fund ............................................................................................................ 19

Building Fund ............................................................................................................................ 20

Capital Projects Fund ................................................................................................................ 21

Designated Purpose Grants Fund .............................................................................................. 22

Student Athletic and Activities Fund ......................................................................................... 23

Nutrition Services Fund ............................................................................................................. 24

Extended Day Care Services Fund ............................................................................................. 25

Component Units

Component Units—Charter Schools ......................................................................................... 26

Component Unit—Littleton Academy ....................................................................................... 27

Component Unit—Littleton Preparatory .................................................................................. 28

Fax Numbers Board/Superintendent 303-347-3439 • Instruction 303-347-4394 • Financial Services 303-347-3460 • Human

Resources 303-347-3384 • Operations/Maintenance 303-347-3454 Communications 303-347-3476

Serving the cities of Littleton and Centennial, southern suburbs of Denver, Colorado

Education Services Center 5776 South Crocker Street

Littleton, Colorado 80120-2094 303-347-3300

www.littletonpublicschools.net

LITTLETON PUBLIC SCHOOLS

January 15, 2015 Board of Education Littleton Public Schools (Arapahoe County School District Number Six) Littleton, Colorado Dear Board of Education Members: In June 2014, the Board of Education formally adopted the 2014–2015 Budget for Littleton Public Schools. Colorado Revised Statutes (§ C.R.S. 22-44-103) require the district to adopt the budget before the beginning of the fiscal year on July 1. Colorado Revised Statute 22-44-110 (5) allows the Board to review and change the Adopted Budget, with respect to both revenues and expenditures, at any time prior to January 31 for the fiscal year for which the budget was adopted. Revisions to the 2014–2015 Adopted Budget are necessary for a number of reasons. The Government Accounting Standards Board (GASB) approved Statement No. 68, Accounting and Financial Reporting for Pensions—An Amendment of GASB Statement No. 27. The primary objective of this statement is to improve accounting and financial reporting of pension liabilities by state and local governments. The new regulation would cause the two district Enterprise Funds to show negative fund balances in financial statements due to the inclusion of the pension liability. Federal regulations prevent this for the Nutrition Services Fund. A revision of the classification of the Nutrition Services Fund and the Extended Day Care Program Fund from Enterprise Funds to Special Revenue Funds allows the district to adhere to Statement No. 68 while still following federal guidelines on the operation of the Nutrition Services Fund. Additionally, the 2014–2015 Adopted Budget was prepared and adopted prior to the completion of negotiations between the district and the Littleton Education Association (LEA). While salary adjustments and accompanying benefit expenditures were included in the 2014–2015 Adopted Budget, the differences between actual negotiated increases for the various employee groups and the amounts in the budget are considered sufficiently material to warrant a revision. Furthermore, on November 13, 2014, the Board of Education passed a resolution for the sale of additional general obligation bonds up to $17.0 million. The sale of these bonds occurred on December 10, 2014, in the amount of $17.0 million, with a premium of $1.1 million. The Bond Redemption Fund and the Building Fund have been revised for this sale of bonds. Finally, revenue changes from the actual October student count full-time equivalent (FTE), the additional funding for the English Language Proficiency Act (ELPA), and decreased property taxes due to lower assessed valuations have been incorporated in the 2014–2015 Revised Budget along with actual audited beginning fund balances for all funds at June 30, 2014. Sincerely, Scott D. Murphy Diane M. Doney Superintendent Assistant Superintendent of Business Services/Chief Financial Officer


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EXECUTIVE SUMMARY Revised General Fund Revenues and Expenditures

The actual October 1 student count showed a decrease in enrollment of 171 students from projections, primarily in Grades 3 and 10. Table 1 below shows the changes in enrollment. This decrease did impact funding to the district, because the state bases School Finance Act (SFA) funding on full-time equivalent (FTE) pupil counts. Not all students qualify as full-time depending on their schedules and the grade they attend. The decrease in district enrollment represents a loss of 160.0 FTE pupils in fiscal year 2014–2015. While most school districts receive funding based on the number of FTE pupils counted in the current school year, a district experiencing enrollment fluctuations or declining enrollment may elect to use an average of up to four prior years' October pupil counts and the current year's October pupil count. LPS utilizes this five-year average funded pupil count option to mitigate the financial impact of annual enrollment variances on funding. The district’s overall 2014–2015 averaged FTE adjusted down to 14,799.8 from the projected 14,834.0 FTE when the final October count numbers were tallied. With per-pupil revenue of $6,761, increased slightly from $6,758 in the 2014–2015 Adopted Budget, the loss of 34.2 average funded pupil FTE will result in a reduction in School Finance Act (SFA) program revenues of $231,226 for fiscal year 2014–2015. Table 2 below illustrates all the changes in expected revenues, including student counts, additional funding from ELPA, and the impact on property taxes related to a lower assessed valuation.

General Fund Budgeted Revenue Adopted Budget Compared to Revised Budget — Table 2

2014–2015

Adopted Budget 2014–2015

Revised Budget Increase

(Decrease) Percent Change

Property Taxes $33,106,632 $32,607,010 $ (499,622) (1.51%) Mill Levy Overrides 28,813,581 28,813,581 - - Specific Ownership Taxes (SOT) 5,356,000 5,356,000 - - Interest Income 63,363 63,363 - - Other Local Income 4,204,133 4,104,133 (100,000) (2.39%) State Revenue 68,520,771 69,015,342 494,571 0.72% Federal Grants 1,087,392 1,087,392 - - Transfers 185,353 185,353 - - - Total $141,337,225 $141,232,174 $ (105,051) (0.07%)

State 49.0%

Federal 0.8%

SOT 3.8%

Mill Levy Override

20.4%

Property Taxes 23.1%

Other Local & Interest

2.9%

Student Enrollment —Table 1

Projected

2014–2015 Actual

2014–2015 Increase

(Decrease) Percent Change

Preschool 288 290 2 0.69% Elementary 6,535 6,493 (42) (0.64%) Middle School 3,314 3,262 (52) (1.57%) High School 5,210 5,116 (94) (1.80%) Programs 93 108 15 16.13% Total 15,440 15,269 (171) (1.11%)


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Local Sources 25.4%

Other State/Federal

Sources 3.7%

Specific Ownership Taxes

1.8%

State Equalization 45.9%

Property Taxes 23.2%

SFA Funding 70.9%

The majority of this revenue, $100.1 million or 70.9 percent, becomes available to the district through the Colorado Public School Finance Act of 1994 (as amended). This SFA program revenue is determined through a formula which utilizes local property taxes, state-equalized specific ownership taxes, and state funds.

Revised General Fund Expenditures

The district originally budgeted General Fund expenditures and transfers of $143.8 million in the 2014–2015 Adopted Budget. Negotiated employee compensation packages, finalized after the adoption of the document, indicated that actual combined salary and benefit expenditures would be nearly $1.0 million higher than budgeted. Table 3 below illustrates the changes made to budgeted expenditures for fiscal year 2014–2015.

General Fund Budgeted Expenditures and Transfers Adopted Budget Compared to Revised Budget — Table 3

2014–2015 Adopted Budget

2014–2015 Revised Budget

Increase (Decrease)

Percent Change

Salaries and Wages $85,989,274 $86,761,364 $772,090 0.90% Employee Benefits 27,415,606 27,562,301 146,695 0.54% Purchased Services 6,565,187 6,565,187 - - Supplies and Materials 8,616,497 8,616,497 - - Capital Outlay/Other 1,771,343 1,771,343 - - Charter Schools 7,509,865 7,509,865 - - Transfers 5,965,623 5,965,623 - - - Total $143,833,395 $144,752,180 $918,785 0.64%

Salaries 60.0%

Benefits 19.0% Purchased Services

4.5%

Supplies 6.0%

Capital/Other 1.2%

Transfers 4.1%

Charters 5.2%


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Revised Other Funds

The budget includes funds for the management of special activities and functions during fiscal year 2014–2015 which are not accounted for in the General Fund. The budget includes nine other funds to properly account for activities outside of the General Fund. There are several reasons these funds were revised. Effective July 1, 2014, the classification of two funds was changed in response to Statement No. 68. The Nutrition Services Fund and the Extended Day Care Services Fund, both of which were previously categorized as Enterprise Funds, will now be classified as Special Revenue Funds. This change will align the compliance, accounting, and reporting requirements in a manner that maintains the status of the Nutrition Services Fund as a federal grant program and allows both funds to utilize a modified accrual basis of accounting in the district financial reports. In addition, the district issued $17.0 million in general obligation bonds in December 2014 as part of the $80.0 million in bonds approved by voters in November 2013 for capital projects. The proceeds from the sale are shown in Building Fund while the initial interest expense related to the sale of the bonds appears in the Bond Redemption Fund. Lastly, the beginning fund balances of all funds were revised to the actual fund balances as reported in the Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2014. Bond Redemption Fund

This fund records the expenditures for principal, interest, and service fees related to the general obligation refunding bond issue dated September 28, 2010, the general obligation bond issue dated December 4, 2013, and the recent general obligation bond issue dated December 10, 2014. The Bond Redemption Fund appropriation is $19.6 million including a $8.9 million beginning fund balance and $10.7 million of current revenues. Building Fund

The district uses the Building Fund as a capital improvement fund to budget and account for the major capital outlays for district facilities that are funded by the voter‐approved 2013 general obligation bonds. As of December 31, 2014, the Building Fund includes proceeds of $17.0 million from recently issued general obligation bonds, premiums on the new bonds of $1.1 million, and approximately $161,000 of issuance costs. The beginning fund balance of $48.3 million results from the initial sale of $50.0 million in bonds in December 2013. Expenditures of $30.0 million are anticipated for projects scheduled in 2014–2015. The 2014–2015 Building Fund appropriation is $66.6 million including a $48.3 million beginning fund balance. Summary

Littleton Public Schools’ patrons can remain confident in the district’s determination to maintain a sound financial condition. The district continually strives to keep resources strategically focused on improving student learning while seriously accepting the responsibility of public funds’ stewardship by reviewing long‐range financial projections throughout the fiscal year. The rigorous and systematic budget process ensures that taxpayers’ monies are spent efficiently and responsibly while always maintaining the goal of providing our students a quality education.

FINANCIAL SECTION GENERAL FUND

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DebtSub-fund of the ServiceGeneral Fund Fund

Risk Bond CapitalGeneral Management Redemption Building Projects

Fund Fund Fund Fund FundBeginning fund balances $39,244,592 $1,451,194 $8,954,969 $48,282,639 $2,307,924

Revenues: Property taxes 61,320,591 - 10,662,433 - - Specific ownership taxes 5,356,000 - - - - Interest income 63,363 1,600 8,000 175,000 3,500 Other local income 3,113,080 87,247 - - 1,574,815 State/Federal revenue 70,102,734 - - - - Charter contracts 1,091,053 - - - - Transfers in 185,353 1,449,483 - - 2,701,737 Total revenues 141,232,174 1,538,330 10,670,433 175,000 4,280,052

Total available $180,476,766 $2,989,524 $19,625,402 $48,457,639 $6,587,976

Expenditures/Expenses: Salaries and wages $86,761,364 $262,296 -$ -$ -$ Employee benefits 27,562,301 82,075 - - - Purchased services 6,565,187 1,623,638 - - - Contracts with charter schools 7,509,865 - - - - Supplies and materials 8,616,497 22,063 - - - Debt service - - 10,703,667 - - Capital outlay 1,988,096 9,000 - 30,000,000 3,231,804 Other expenditures/contingency (216,753) 600 - 161,000 - Transfers out 5,965,623 - - - - Total expenditures/expenses 144,752,180 ★ 1,999,672 10,703,667 30,161,000 3,231,804

Other financing sources (uses) Bonds issued - - - 17,000,000 - Premium - - - 1,115,552 - Total other financing sources (uses) - - - 18,115,552 -

Ending fund balances 35,724,586 989,852 8,921,735 36,412,191 3,356,172

Total Appropriation $180,476,766 $2,989,524 $19,625,402 $66,573,191 $6,587,976

★ Includes one-time spending of $3.7 million.

Capital Projects Funds

REVISED BUDGET SUMMARY OF ALL FUNDSFOR THE FISCAL YEAR ENDING JUNE 30, 2015

WITH EXPENDITURES BY OBJECT

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Designated Student Extended ComponentPurpose Athletic and Nutrition Day Care UnitsGrants Activities Services Program CharterFund Fund Fund Fund Totals Schools

-$ $1,206,942 $1,666,275 $1,299,920 $104,414,455 $2,681,635

- - - - 71,983,024 - - - - - 5,356,000 - - 2,000 2,000 1,500 256,963 3,450

1,255,240 2,271,100 2,711,100 4,764,545 15,777,127 759,886 4,824,274 - 2,004,000 - 76,931,008 596,880

- - - - 1,091,053 7,509,865 - 1,814,403 - - 6,150,976 -

6,079,514 4,087,503 4,717,100 4,766,045 177,546,151 8,870,081

$6,079,514 $5,294,445 $6,383,375 $6,065,965 $281,960,606 $11,551,716

$3,536,087 $1,546,499 $1,473,089 $2,900,857 $96,480,192 $4,231,7431,051,922 361,526 620,892 1,081,806 30,760,522 1,341,810

447,825 204,591 250,151 169,124 9,260,516 1,520,727 - - - - 7,509,865 1,107,367

937,087 1,875,575 2,221,000 339,696 14,011,918 368,575 - - - - 10,703,667 -

17,000 6,912 135,000 11,755 35,399,567 890,425 89,593 90,400 16,968 77,454 219,262 22,170

- - - 185,353 6,150,976 - 6,079,514 4,085,503 4,717,100 4,766,045 210,496,485 ★ 9,482,817

- - - - 17,000,000 - - - - - 1,115,552 - - - - - 18,115,552 -

- 1,208,942 1,666,275 1,299,920 89,579,673 2,068,899

$6,079,514 $5,294,445 $6,383,375 $6,065,965 $300,076,158 $11,551,716

Special Revenue Funds


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REVISED BUDGET APPROPRIATION RESOLUTION FISCAL YEAR 2014–2015

BE IT RESOLVED by the Board of Education of Arapahoe County School District Number Six in Arapahoe County that the amount shown in the following schedule be appropriated to each fund as specified for the ensuing fiscal year beginning July 1, 2014, and ending June 30, 2015.

General Fund $180,476,766

Sub-fund of the General Fund—Risk Management Fund 2,989,524

Total General Fund 183,466,290

Bond Redemption Fund 19,625,402

Building Fund 66,573,191

Capital Projects Fund 6,587,976

Designated Purpose Grants Fund 6,079,514

Student Athletic and Activities Fund 5,294,445

Nutrition Services Fund 6,383,375

Extended Day Care Fund 6,065,965

Total Appropriation for All Funds $300,076,158

BE IT FURTHER RESOLVED, the Board of Education authorizes the use of a portion of the 2014–2015 beginning fund balance for the following funds:

General Fund, in the amount of $3,520,006 to balance the budget for Anticipated Funding Needs — Short- and Long-Term White Paper and one-time spending for student devices, mental health assistance, and staff development needs as well as a one-time salary adjustment.

Sub-fund of the General Fund—Risk Management Fund, in the amount of $461,342 to balance the budget.

Bond Redemption Fund, in the amount of $33,234 for interest payments related to the issuance of the 2014 general obligation bonds.

Building Fund, in the amount of $29,986,000 for capital projects funded by the issuance of the 2013 general obligation bonds.

BE IT FURTHER RESOLVED, the use of this portion of the beginning fund balance for the purposes set forth above will not lead to an ongoing deficit due to one-time expenditures and the anticipation of an expenditure rate savings based on historical trends. BE IT FURTHER RESOLVED, that the Board of Education authorizes the superintendent or his designee to borrow available unencumbered cash balances in the Capital Projects, Nutrition Services, Extended Day Care Program, Student Athletic and Activities, and Risk Management funds, in accordance with CRS 22-44-113, to be used to fund short-term cash needs of the district during fiscal year 2014–2015. BE IT FURTHER RESOLVED, this resolution, in accordance with CRS 22-44-113, excludes interfund borrowing from the Bond Redemption Fund.

LITTLETON PUBLIC SCHOOLSLittleton, Colorado

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The following table presents the revised beginning fund balances of all funds for fiscal year 2014–2015 as compared to the adopted fund balances of all funds for fiscal year 2014–2015.

2014–2015 2014–2015Adopted RevisedBudgeted Budgeted Change in

Beginning Fund Beginning Fund Beginning FundBalance Balance Balance

General Fund $37,921,143 $39,244,592 $1,323,449Risk Management Fund 1,461,342 1,451,194 (10,148) Debt Service Fund 8,657,962 8,954,969 297,007 Designated Purpose Grant Fund - - - Student Athletic & Activities Fund 1,293,965 1,206,942 (87,023) Building Fund 49,997,969 48,282,639 (1,715,330) Capital Projects Fund 1,473,362 2,307,924 834,562 Nutrition Services Fund 1,146,810 1,666,275 519,465 Extended Day Care Program Fund 1,180,314 1,299,920 119,606 Total Beginning Fund Balances $103,132,867 $104,414,455 $1,281,588

The chart below illustrates the general categories of fund balance in the district's budgeted General Fund ending fund balance as of 2014–2015.

BEGINNING FUND BALANCES FOR ALL FUNDSAND ENDING GENERAL FUND RESERVE BALANCES

Unassigned Fund Balance

$14,651,461 41.1%

Unassigned per Board Policy $6,649,240

18.6%

Restricted Fund Balance

4,345,872 12.2%

Assigned Fund Balance

9,693,350 27.1%

Non-Spendable Fund Balance

348,306 1.0%

Total 2014–2015 General Fund Ending

Fund Balance $35,724,586


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2014–20152011–2012 2012–2013 2013–2014 2014–2015 Revised

Actual Actual Actual Budget Budget

Beginning Fund Balance $28,880,327 $35,443,042 $38,600,527 $37,921,143 $39,244,592

Revenue:Local sources:

1988 Mill Levy Override 2,998,234 2,998,234 2,998,234 2,998,234 2,998,234 1997 Mill Levy Override 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 2004 Mill Levy Override 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 2010 Mill Levy Override 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 Hold Harmless 2,315,347 2,315,347 2,315,347 2,315,347 2,315,347 Property taxes 32,127,119 32,634,296 33,539,129 33,106,632 32,507,010 Specific ownership taxes 4,605,805 4,953,385 5,254,030 5,356,000 5,356,000 Interest on current/delinquent taxes 95,213 98,219 61,033 100,000 100,000 Interest on investments 42,780 54,528 41,663 63,363 63,363 Facility rental fees 70,607 81,102 79,675 78,400 78,400 Parking fees 49,413 52,583 36,683 50,000 50,000 Transportation fees—other 61,789 57,691 62,309 58,000 58,000 Tuition—driver education 229,887 241,635 248,838 233,850 233,850 Tuition—individual 19,668 12,471 19,193 10,000 10,000 Instructional materials fees 471,821 468,138 662,012 550,000 550,000 Gifts to schools 1,160,327 1,166,808 1,456,237 1,057,830 1,057,830 Miscellaneous revenue 1,655,906 1,776,983 1,358,318 970,000 970,000 Charter revenue 828,291 875,988 963,872 1,091,053 1,091,053 Other local income 34,967 230,698 6,391 5,000 5,000 Transfer from Risk Management Fund 2,634 - - - - Transfer from Student Athletic/Activities Fund 2,909 - - - - Transfer from Extended Day Care Fund 158,206 214,308 172,878 185,353 185,353 Total local revenue 70,430,923 71,732,414 72,775,844 71,729,062 71,129,440

State sources:Equalization 59,015,557 58,137,361 59,798,784 64,558,314 64,808,578 Special education 2,359,541 2,203,301 2,660,109 2,489,016 2,489,016 Transportation 842,627 940,261 948,862 943,500 943,500 Career/Technical Education 186,150 314,613 383,285 327,323 327,323 ELPA 61,643 52,905 68,273 56,100 300,407 Gifted and Talented 143,721 143,645 143,457 146,518 146,518 Total state revenue 62,609,239 61,792,086 64,002,770 68,520,771 69,015,342

Federal sources:Grants 1,241,679 867,926 1,174,163 1,087,392 1,087,392 ARRA—State Fiscal Stability - - - - - Ed Jobs revenue 94,355 - - - - Total federal revenue 1,336,034 867,926 1,174,163 1,087,392 1,087,392

Total Revenues 134,376,196 134,392,426 137,952,776 141,337,225 141,232,174

Total funds available $163,256,523 $169,835,468 $176,553,303 $179,258,368 $180,476,766

GENERAL FUNDBUDGETED REVENUES SUMMARY


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2014–20152011–2012 2012–2013 2013–2014 2014–2015 Revised

Actual Actual Actual Budget BudgetRegular Instruction Elementary Schools and Preschool $32,773,649 $33,922,767 $35,178,095 $35,476,280 $35,807,950 Charter Schools 6,584,682 6,677,510 7,117,981 7,509,865 7,509,865 Middle Schools 16,098,570 16,137,834 16,455,141 16,350,214 16,477,134 High Schools 26,896,816 27,815,577 28,576,785 28,846,976 29,517,430 Districtwide Fees and Gifts - - - 1,800,000 1,800,000 Subtotal 82,353,717 84,553,688 87,328,002 89,983,335 91,112,379 Special Instruction Special Education 15,411,091 15,537,345 16,221,374 17,074,683 17,265,102 Career and Technical Education 847,959 870,730 968,342 949,467 956,586 Subtotal 16,259,050 16,408,075 17,189,716 18,024,150 18,221,688 Governance Governance 1,340,093 1,417,156 1,623,983 1,597,699 1,541,353 Subtotal 1,340,093 1,417,156 1,623,983 1,597,699 1,541,353

Support Components at ESC Learning Services 6,758,429 6,788,636 8,295,973 9,636,653 9,024,194 Operations and Maintenance 4,155,859 4,416,194 4,453,682 4,702,983 4,729,724 Human Resource Services 1,878,487 1,842,179 2,362,233 2,285,538 2,480,249 Transportation Services 4,021,684 4,057,590 4,193,161 4,604,949 4,644,970 Information and Technology Services 3,894,652 4,476,950 4,157,915 5,212,498 5,198,084 Financial Services 1,284,005 1,351,681 1,456,261 1,819,967 1,833,916 Subtotal 21,993,116 22,933,230 24,919,225 28,262,588 27,911,137 Transfers 5,867,505 5,922,792 5,937,128 5,965,623 5,965,623 Subtotal, expenditures and transfers 127,813,481 131,234,941 136,998,053 ★ 143,833,395 ★ 144,752,180 ★

Fund Balance - - 31,861,214 35,724,586 35,724,586 Total Appropriation $127,813,481 $131,234,941 $168,859,267 $179,557,981 $180,476,766

★ For fiscal years 2013–2014 and 2014–2015, includes one-time spending.

GENERAL FUNDEXPENDITURES BY SERVICE AREA


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2014–20152011–2012 2012–2013 2013–2014 2014–2015 Revised

Actual Actual Actual Budget Budget Salaries and wages $80,215,301 $81,132,757 $83,523,095 $85,989,274 $86,761,364 Employee benefits 21,261,749 22,601,027 24,070,371 27,415,606 27,562,301 Purchased services 5,823,212 6,068,509 6,797,766 6,565,187 6,565,187 Contracts with charter schools 6,584,682 6,677,510 7,117,981 7,509,865 7,509,865 Supplies and materials 6,785,552 7,413,348 8,455,716 8,616,497 8,616,497 Capital outlay 1,353,170 1,457,100 1,104,313 1,988,096 1,988,096 Other expenditures/contingency (77,691) (38,102) (8,316) (216,753) (216,753) Transfers to other funds 5,867,505 5,922,792 5,937,128 5,965,623 5,965,623 Total Expenditures $127,813,480 $131,234,941 $136,998,053 ★ $143,833,395 ★ $144,752,180 ★


GENERAL FUNDEXPENDITURES BY OBJECT

Salaries and wages 60.0%

Employee benefits 19.0%

Transfers to other funds 4.1%

Purchased services 4.5%

Supplies and materials 6.0%

Other 16.9%

Revised 2014–2015 Budgeted Expenditures by Object

Capital outlay and other

expenditures/contingency

1.2%

Contracts with

charter schools

5.2%


12

ELEMENTARY SCHOOLS AND PRESCHOOL 2014–2015

2011–2012 2012–2013 2013–2014 2014–2015 Revised Actual Actual Actual Budget BudgetExpenditures by School: Preschool, The Village $990,585 $1,113,189 $1,120,711 $1,129,297 $1,147,517 Lewis Ames Facility 112,340 161,899 161,157 178,750 179,639 Centennial Academy for Fine Arts 3,499,278 3,501,175 3,496,372 3,537,005 3,572,415 East Elementary 2,248,054 2,385,714 2,255,947 2,414,086 2,438,310 Eugene Field Elementary 2,941,597 2,910,222 3,427,054 3,329,056 3,353,799 Benjamin Franklin Elementary 2,651,977 2,762,904 2,833,189 2,953,506 2,982,647 Highland Elementary 1,966,770 2,044,468 2,139,057 2,039,202 2,058,543 Mark Hopkins Elementary 1,837,880 1,994,389 2,013,879 2,028,357 2,042,730 Lois Lenski Elementary 2,854,273 2,991,991 2,945,100 2,947,853 2,977,429 Ralph Moody Elementary 2,205,522 2,260,933 2,398,154 2,328,713 2,346,147 Peabody Elementary 2,078,092 2,138,640 2,330,751 2,263,706 2,282,427 Damon Runyon Elementary 2,179,989 2,291,527 2,388,400 2,491,905 2,516,570 Carl Sandburg Elementary 2,343,785 2,410,451 2,435,817 2,462,131 2,487,123 Mark Twain Elementary 1,820,543 1,871,980 2,028,007 2,074,824 2,094,839 Walt Whitman Facility 109,125 109,638 108,637 126,248 126,806 Laura Ingalls Wilder Elementary 2,933,839 2,973,647 3,095,863 3,171,641 3,201,009

Total expenditures $32,773,649 $33,922,767 $35,178,095 $35,476,280 $35,807,950 Expenditures by Object: Salaries and wages $23,806,448 $24,391,374 $25,248,009 $25,277,387 $25,555,762 Employee benefits 6,284,710 6,744,920 7,179,401 8,176,482 8,229,777 Purchased services 602,320 679,802 602,726 457,502 457,502 Supplies and materials 1,838,576 1,868,595 1,932,694 1,492,655 1,492,655 Capital outlay 145,775 141,089 118,419 44,200 44,200 Other expenditures 95,820 96,987 96,845 28,054 28,054

Total expenditures $32,773,649 $33,922,767 $35,178,095 $35,476,280 $35,807,950

Personnel (full-time equivalents): Administrators 13.90 13.71 14.74 Ω 14.72 14.72 Clerical 26.02 24.48 26.40 26.29 26.29 Custodians 35.01 34.81 35.63 35.88 35.88 Paraprofessionals 72.17 78.24 76.49 79.20 79.20 Teachers 306.33 303.51 316.22 Ω 312.23 312.23 Total personnel 453.43 454.75 469.48 468.32 468.32 Number of Students Served* 5,942 6,064 6,083 6,111 6,064

Ω Increases in FTE are primarily due to staffing changes related to the extension of instructional time at Field Elementary School.

* Number of students served does not include students in any program or charter school not specifically referenced on this page.


13

MIDDLE SCHOOLS

2014–20152011–2012 2012–2013 2013–2014 2014–2015 Revised

Actual Actual Actual Budget BudgetExpenditures by School or Program: Euclid Middle School $4,148,881 $4,109,576 $4,261,001 $4,230,454 $4,270,437 Goddard Middle School 4,182,272 4,265,202 4,175,741 4,124,275 4,139,799 Isaac Newton Middle School 3,492,242 3,430,418 3,450,184 3,439,314 3,465,707 John Wesley Powell Middle School 4,275,175 4,332,638 4,568,214 4,556,171 4,601,191

Total expenditures $16,098,570 $16,137,834 $16,455,141 $16,350,214 $16,477,134 Expenditures by Object: Salaries and wages $11,527,206 $11,455,664 $11,569,890 $11,615,099 $11,721,674 Employee benefits 3,010,988 3,144,379 3,290,930 3,584,024 3,604,369 Purchased services 370,222 393,098 413,724 249,968 249,968 Supplies and materials 1,045,325 1,041,962 1,019,274 853,943 853,943 Capital outlay 109,308 71,943 128,767 44,830 44,830 Other expenditures 35,521 30,788 32,557 2,350 2,350


Personnel (full-time equivalents): Administrators 12.00 12.00 12.00 12.00 12.00 Clerical 15.00 15.00 14.80 15.00 15.00 Custodians 18.00 18.00 18.00 18.00 18.00 Paraprofessionals 10.62 12.46 14.02 10.13 10.13 Teachers 142.39 142.24 136.69 137.84 137.84 Total personnel 198.01 199.70 195.51 192.97 192.97 Number of Students Served* 3,059 2,953 2,948 2,968 2,919



14

HIGH SCHOOLS

2014–20152011–2012 2012–2013 2013–2014 2014–2015 Revised

Actual Actual Actual Budget BudgetExpenditures by School or Program: Arapahoe High School $9,971,057 $10,099,303 $10,465,924 $10,769,504 $10,845,341 Heritage High School 7,756,138 8,157,915 8,354,618 8,435,833 8,511,091 Littleton High School 7,364,389 7,578,552 7,355,066 7,513,159 7,584,399 Options Secondary Program 1,805,232 1,979,807 2,401,177 2,128,480 2,576,599 Districtwide Fees & Gifts - - - 1,800,000 1,800,000

Total expenditures $26,896,816 $27,815,577 $28,576,785 $30,646,976 $31,317,430 Expenditures by Object: Salaries and wages $19,310,910 $19,757,832 $20,061,049 $20,322,029 $20,845,331 Employee benefits 4,961,912 5,363,475 5,631,099 6,371,483 6,510,635 Purchased services 465,459 491,317 545,651 365,720 365,720 Supplies and materials 1,890,609 1,938,736 2,081,871 3,277,523 3,285,523 Capital outlay 201,125 209,131 207,176 295,746 295,746 Other expenditures 66,800 55,086 49,938 14,475 14,475


Personnel (full-time equivalents): Administrators 14.00 14.00 14.00 15.00 15.00 Professional/technical support - - 0.50 - - Clerical 35.17 31.87 32.38 30.81 30.81 Custodians 29.00 31.50 30.31 30.32 30.32 Paraprofessionals 16.93 19.11 19.49 24.84 24.84 Teachers 245.17 250.55 245.45 248.08 248.08 Total personnel 340.27 347.03 342.13 349.05 349.05 Number of Students Served* 5,218 5,330 5,258 5,239 5,135



15

SPECIAL INSTRUCTION

2014–20152011–2012 2012–2013 2013–2014 2014–2015 Revised

Actual Actual Actual Budget BudgetExpenditures by Support Component: Special Education $15,411,091 $15,537,345 $16,221,374 $17,074,683 $17,265,102 Career and Technical Education 847,959 870,730 968,342 949,467 956,586


Expenditures: Salaries and wages $11,749,859 $11,568,477 $11,976,990 $12,351,240 $12,513,068 Employee benefits 3,254,779 3,422,562 3,653,994 4,208,991 4,244,701 Purchased services 970,744 1,060,367 1,178,757 1,051,283 1,051,283 Supplies and materials 135,625 199,131 210,549 120,102 120,102 Capital outlay 13,438 19,631 26,508 193,800 193,800 Other expenditures 134,605 137,907 142,917 98,734 98,734

Total expenditures $16,259,050 $16,408,075 $17,189,716 $18,024,150 $18,221,688 Personnel (full-time equivalents): Administrators 2.00 2.00 2.00 2.00 2.00 Professional/technical support 0.98 0.98 0.98 0.98 0.98 Clerical 6.31 6.31 1.85 3.41 3.41 Paraprofessionals 120.65 120.65 121.45 114.45 114.45 Teachers 130.29 130.29 137.18 144.15 144.15 Total personnel 260.23 260.23 263.46 264.99 264.99


16

GOVERNANCE

2014–20152011–2012 2012–2013 2013–2014 2014–2015 Revised

Actual Actual Actual Budget BudgetExpenditures by Support Component: Board of Education $456,874 $419,786 $534,860 $539,700 $539,700 Office of the Superintendent 883,218 997,370 1,089,123 1,057,999 1,001,653


Expenditures: Salaries and wages $686,217 $745,680 $841,692 $696,695 $651,117 Employee benefits 153,978 176,289 198,271 204,280 193,512 Purchased services 435,868 410,644 518,278 621,190 621,190 Supplies and materials 24,301 28,338 26,114 28,728 28,728 Capital outlay 945 22,978 2,024 22,706 22,706 Other expenditures/contingency 38,783 33,227 37,603 24,100 24,100

Total expenditures $1,340,093 $1,417,156 $1,623,983 $1,597,699 $1,541,353 Personnel (full-time equivalents): Administrators 2.00 3.00 3.00 2.30 2.30 Professional/technical support 1.00 1.00 1.00 1.00 1.00 Clerical 2.40 3.52 3.52 3.52 3.52 Total personnel 5.40 7.52 7.52 6.82 6.82 Number of Students Served 15,328 15,445 15,429 15,440 15,269


17

SUPPORT COMPONENTS

2014–20152011–2012 2012–2013 2013–2014 2014–2015 Revised

Actual Actual Actual Budget BudgetExpenditures by Support Component: Learning Services $6,758,429 $6,788,636 $8,295,973 $9,636,653 $9,024,194 Operations and Maintenance 4,155,859 4,416,194 4,453,682 4,702,983 4,729,724 Human Resource Services 1,878,487 1,842,179 2,362,233 2,285,538 2,480,249 Transportation Services 4,021,684 4,057,590 4,193,161 4,604,949 4,644,970 Information and Technology Services 3,894,652 4,476,950 4,157,915 5,212,498 5,198,084 Financial Services 1,284,005 1,351,681 1,456,261 1,819,967 1,833,916

Total expenditures $21,993,116 $22,933,230 $24,919,225 ★ $28,262,588 ★ $27,911,137 ★ Expenditures by Object: Salaries and wages $13,134,661 $13,213,730 $13,825,465 $15,726,824 $15,474,412 Employee benefits 3,595,382 3,749,402 4,116,675 4,870,346 4,779,307 Purchased services 2,978,600 3,033,281 3,538,630 3,819,524 3,819,524 Supplies and materials 1,851,115 2,336,586 3,185,214 2,843,546 2,835,546 Capital outlay 882,579 992,328 621,418 1,386,814 1,386,814 Other expenditures/contingency (449,220) (392,097) (368,176) (384,466) (384,466)

Total expenditures $21,993,116 $22,933,230 $24,919,225 ★ $28,262,588 ★ $27,911,137 ★

Personnel (full-time equivalents): Administrators 15.50 14.53 15.90 15.00 15.00 Professional/technical support 32.00 33.74 32.88 35.88 35.88 Bus drivers 51.50 51.50 53.00 53.50 53.50 Clerical ‡ 32.89 32.44 32.78 42.84 42.84 Custodians 6.50 6.50 6.50 7.00 7.00 Maintenance 36.46 36.46 36.46 35.46 35.46 Paraprofessionals 巜 19.91 19.66 32.78 31.80 31.80 Teachers 37.27 37.69 38.01 46.17 46.17 Total personnel 232.03 232.52 248.31 267.65 267.65 Number of Students Served 15,328 15,445 15,429 15,440 15,269


‡ Beginning in fiscal year 2014–2015, FTE increased due to addition of micro-technician support at the elementary level.

巜 Beginning in fiscal year 2013–2014, FTE increase due to addition of health assistants needed to provide necessary support in the health offices of the schools.

FINANCIAL SECTION OTHER FUNDS


18

2014–20152013–2014 2014–2015 Revised

Actual Budget BudgetREVENUES Transfer from General Fund 1,593,369$ 1,449,483$ 1,449,483$ Services to Charter Schools 82,140 86,247 86,247 Insurance reimbursements 564,621 1,000 1,000 Federal grants 121,200 - - Investment earnings 1,645 1,600 1,600

Total revenues 2,362,975 1,538,330 1,538,330 EXPENDITURES Salaries 439,869 262,296 262,296 Employee benefits 118,673 82,075 82,075 Purchased services 1,628,145 1,623,638 1,623,638 Supplies and materials 112,377 22,063 22,063 Capital outlay 6,894 9,000 9,000 Other 20,847 600 600 Transfer to other funds - - -

Total expenditures 2,326,805 1,999,672 1,999,672 Excess of Revenues Over (Under) Expenditures 36,170 (461,342) (461,342)

Fund Balance—beginning 1,415,024 1,461,342 1,451,194

Fund Balance—ending 1,451,194$ 1,000,000$ 989,852$

Budget Appropriation 2,999,672$ 2,989,524$

RISK MANAGEMENT FUND(SUB-FUND OF THE GENERAL FUND)


19

2014–20152013–2014 2014–2015 Revised

Actual Budget BudgetREVENUES Property taxes 10,938,842$ 10,662,433$ 10,662,433$ Earnings on investments 7,495 8,000 8,000

Total revenues 10,946,337 10,670,433 10,670,433 EXPENDITURES Principal 7,340,000 5,210,000 5,210,000 Interest 4,108,464 5,216,126 5,490,917 Trustee bank fees 1,590 2,750 2,750 Bond issuance costs - - - Total expenditures 11,450,054 10,428,876 10,703,667

Excess of Revenues Over (Under) Expenditures (503,717) 241,557 (33,234)


Fund Balance—ending 8,954,969$ 8,899,519$ 8,921,735$


Mill Levy 8.497 8.497 8.497Assessed Valuation (in millions of dollars) 1,295.5$ 1,306.9$ 1,289.7$

BOND REDEMPTION FUND


20

2014–20152013–2014 2014–2015 Revised

Actual Budget BudgetREVENUES Earnings on investments 29,977$ 175,000$ 175,000$

Total revenues 29,977 175,000 175,000 EXPENDITURES Capital projects 3,719,407 30,000,000 30,000,000 Bond issuance costs 363,993 - 161,000 Total expenditures 4,083,400 30,000,000 30,161,000

Excess of Revenues Over (Under) Expenditures (4,053,423) (29,825,000) (29,986,000)

OTHER FINANCING SOURCES (USES) Bonds issued 50,000,000 - 17,000,000 Premium 2,336,062 - 1,115,552 Total other financing sources (uses) 52,336,062 - 18,115,552

Fund Balance—beginning - 49,997,969 48,282,639



BUILDING FUND


21

2014–20152013–2014 2014–2015 Revised

Actual Budget BudgetREVENUES Transfer from General Fund 2,564,931$ 2,701,737$ 2,701,737$ Transfer from Nutrition Services Fund - - - Earnings on investments 1,972 3,500 3,500 Other revenue 767,039 1,574,815 1,574,815

Total revenues 3,333,942 4,280,052 4,280,052 EXPENDITURES Facilities projects 2,179,389 2,614,000 2,614,000 Technology projects 40,000 40,000 40,000 Bus and vehicle replacement 38,595 489,804 489,804 Office equipment 19,611 88,000 88,000 Capital leases, photocopiers, equipment - - - Total expenditures 2,277,595 3,231,804 3,231,804 Excess of Revenues Over (Under) Expenditures 1,056,347 1,048,248 1,048,248




CAPITAL PROJECTS FUND


22

2014–20152013–2014 2014–2015 Revised

Actual Budget BudgetREVENUES Federal grants 4,663,612$ 4,291,306$ 4,291,306$ State grants 297,153 532,968 532,968 Local grants 220,325 1,255,240 1,255,240

Total revenues 5,181,090 6,079,514 6,079,514 EXPENDITURES Salaries 3,382,896 3,536,087 3,536,087 Employee benefits 1,043,901 1,051,922 1,051,922 Purchased services 421,218 447,825 447,825 Supplies and materials 107,164 937,087 937,087 Capital outlay 174,012 17,000 17,000 Other expenses 51,899 89,593 89,593

Total expenditures 5,181,090 6,079,514 6,079,514 Excess of Revenues Over (Under) Expenditures - - -

Fund Balance—beginning - - -

Fund Balance—ending -$ -$ -$


DESIGNATED PURPOSE GRANTS FUND


23

2014–20152013–2014 2014–2015 Revised

Actual Budget BudgetREVENUES Local sources, fees and gate receipts: Elementary schools 103,022$ 90,000$ 90,000$ Middle schools 155,981 149,000 149,000 High schools 1,892,468 2,015,300 2,015,300 Beverage sponsorship 17,014 16,800 16,800 Investment income 1,727 2,000 2,000 Transfer from General Fund 1,778,828 1,814,403 1,814,403

Total revenues 3,949,040 4,087,503 4,087,503 EXPENDITURES Salaries 1,516,036 1,546,499 1,546,499 Employee benefits 358,659 361,526 361,526 Purchased services 867,454 188,591 188,591 Supplies and materials 980,199 1,875,575 1,875,575 Beverage sponsorship fees 11,773 16,000 16,000 Capital outlay 138,933 6,912 6,912 Other 141,473 90,400 90,400

Total expenditures 4,014,527 4,085,503 4,085,503 Excess of Revenues Over (Under) Expenditures (65,487) 2,000 2,000




STUDENT ATHLETIC AND ACTIVITIES FUND


24

2014–20152013–2014 2014–2015 Revised

Actual Budget BudgetREVENUES Meal charges 2,285,578$ 2,560,000$ 2,560,000$ Federal aid 1,729,415 1,952,000 1,952,000 State aid 46,291 52,000 52,000 Investment earnings 1,793 2,000 2,000 Other revenue 122,285 151,100 151,100

Total revenues 4,185,362 4,717,100 4,717,100 EXPENDITURES Salaries 1,427,020 1,473,089 1,473,089 Employee benefits 549,047 620,892 620,892 Purchased services 224,452 250,151 250,151 Supplies and materials 192,136 32,000 32,000 Food 1,631,405 1,975,000 1,975,000 Donated commodities 212,596 214,000 214,000 Capital outlay 109,316 135,000 135,000 Other 24,281 16,968 16,968

Total expenditures 4,370,253 4,717,100 4,717,100 Excess of Revenues Over (Under) Expenditures (184,891) - -




NUTRITION SERVICES FUND


25

2014–20152013–2014 2014–2015 Revised

Actual Budget BudgetREVENUES PreK student care fees 1,202,519$ 1,279,937$ 1,279,937$ KED student care fees 493,602 505,275 505,275 K-Plus student care fees 429,201 454,722 454,722 B&A student care fees 2,594,500 2,512,611 2,512,611 Earnings on investments 1,419 1,500 1,500 Gifts to schools 12,899 12,000 12,000 Other revenue 335 - -

Total revenues 4,734,475 4,766,045 4,766,045 EXPENDITURES Salaries 2,917,993 2,900,857 2,900,857 Employee benefits 894,774 1,081,806 1,081,806 Purchased services 152,254 169,124 169,124 Supplies and materials 185,365 339,696 339,696 Capital outlay 41,308 11,755 11,755 Other expenses 39,238 77,454 77,454 Transfer to General Fund 172,878 185,353 185,353 Total expenditures 4,403,810 4,766,045 4,766,045 Excess of Revenues Over (Under) Expenditures 330,665 - -

Fund Balance—beginning 969,255 1,180,314 1,299,920



EXTENDED DAY CARE PROGRAM FUND

FINANCIAL SECTION COMPONENT UNITS


26

2014–20152013–2014 2014–2015 Revised

Actual Budget Budget

Beginning Funds Available 2,872,877$ 3,159,768$ 2,681,635$

Revenue:Per-pupil funding 6,380,473 6,772,357 6,772,357 Override election funding 737,508 737,508 737,508 State capital construction grant 301,082 596,880 596,880 Kindergarten and Preschool fees 376,376 410,000 410,000 Child care fees 199,002 185,660 185,660 Gifts to schools 81,923 58,400 58,400 Interest income 4,710 3,450 3,450 Book fees 32,310 32,000 32,000 Instructional materials fees 68,470 51,226 51,226 Grocery certificates 6,712 - - Other income 76,374 22,600 22,600

Total revenue 8,264,939 8,870,081 8,870,081

Total Funds Available 11,137,816 12,029,849 11,551,716

Expenses: Salaries 4,059,392 4,231,743 4,231,743 Employee benefits 1,198,259 1,341,810 1,341,810 Purchased services 1,229,405 1,520,727 1,520,727 District services 1,046,012 1,107,367 1,107,367 Supplies and materials 423,471 368,575 368,575 Capital outlay 484,702 890,425 890,425 Other expenses 14,940 22,170 22,170

Total expenses 8,456,181 9,482,817 9,482,817

Ending Fund Balance 2,681,635$ 2,547,032$ 2,068,899$

Number of Students Served 1,047 1,029 1,043

COMPONENT UNITS - CHARTER SCHOOLS


27

2014–20152013–2014 2014–2015 Revised



Revenue:Per-pupil funding 2,837,217 2,994,920 2,994,920 Override election funding 361,440 361,440 361,440 State capital construction grant 248,563 544,250 544,250 Child care fees 199,002 185,660 185,660 Instructional materials fees 68,470 51,226 51,226 Gifts to schools 68,185 58,400 58,400 Interest income 3,002 2,450 2,450 Other income 6,426 11,100 11,100

Total revenue 3,792,304 4,209,446 4,209,446


Expenses: Salaries 1,729,081 1,801,919 1,801,919 Employee benefits 513,510 578,837 578,837 Purchased services 618,454 823,052 823,052 District services 465,132 482,498 482,498 Supplies and materials 175,532 206,131 206,131 Capital outlay 446,279 880,425 880,425 Other expenses 7,934 18,670 18,670

Total expenses 3,955,922 4,791,532 4,791,532

Ending Fund Balance 1,655,147$ 1,168,476$ 1,073,061$

Number of Students Served 465 465 467

COMPONENT UNIT - LITTLETON ACADEMY


28

2014–20152013–2014 2014–2015 Revised



Revenue:Per-pupil funding 3,543,256 3,777,437 3,777,437 Override election funding 376,068 376,068 376,068 State capital construction grant 52,519 52,630 52,630 Kindergarten and Preschool fees 376,376 410,000 410,000 Gifts to schools 13,738 - - Interest income 1,708 1,000 1,000 Book fees 32,310 32,000 32,000 Grocery certificates 6,712 - - Other income 69,948 11,500 11,500

Total revenue 4,472,635 4,660,635 4,660,635


Expenses: Salaries 2,330,311 2,429,824 2,429,824 Employee benefits 684,749 762,973 762,973 Purchased services 610,951 697,675 697,675 District services 580,880 624,869 624,869 Supplies and materials 247,939 162,444 162,444 Capital outlay 38,423 10,000 10,000 Other expenses 7,006 3,500 3,500

Total expenses 4,500,259 4,691,285 4,691,285

Ending Fund Balance 1,026,488$ 1,378,556$ 995,838$

Number of Students Served 582 564 576

COMPONENT UNIT - LITTLETON PREPARATORY

Documents

2014–2015 REVISED BUDGET · 2016-06-27 · financial impact of annual enrollment variances on funding. The district’s overall 2014–2015 averaged FTE adjusted down to 14,799.8