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2017-2018
PROPOSED BUDGET
April 17th, 2017
2
TABLE OF CONTENTSProposed Budget
1. Budget Process Overview
2. State of the State
3. FY 2017-18 Budget
1. Assumptions
2. SBB Changes
School use of 2016 Mill Levy for Whole Child
Federal Funding
Use of Funds
96/4
4. 5 Year Forecast
5. Flexibilities
6. Appropriation by Fund Summary
7. Appendix (Fund by Fund Summary)
BUDGET PROCESS
4
BUDGET PROCESS
STATE OF THE STATE
6
STATE OF THE STATE
Economic Overview
Colorado’s economy is expected to continue to expand at a moderate pace
Oil and gas is expected to rebound from a two year downturn
Consumer spending remains robust and expected moderate job growth
The unemployment rate is one of the lowest in the country and fell to 2.9% in February 2017
The real estate market remains one of the strongest in the country, however, the rapid price appreciation over the last 3 years is expected to dampen as new home owners are priced out of the market
Nonresidential construction continues to increase driven by demands for warehouses, office space and hotel real estate
Denver-Boulder-Greeley CPI is expected to be 2.8% in FY 2017-18
Budget Overview
Despite the strong economic growth, the state budget continues to face severe pressure due to mounting pressures from K-12 and Higher Education, Corrections, Transportation and Healthcare
Impacts from the Gallagher and Taxpayer’s Bill of Rights (TABOR) continue to hamper the state’s ability to fully fund K-12 Education
In order to meet the limits set by TABOR and Referendum C, the legislature is planning on reducing the Hospital provider fee by the expected overage of ~$264M
The Joint Budget Committee proposed to increase the negative factor by $48.8M or ~$5M to DPS bringing the total of funding withheld from DPS to ~$91M annually
Since 1980, Gallagher and TABOR have resulted in the share of a homeowner’s value invested in DPS has reduced ~78% from 0.77% to 0.17%
7
Gallagher
Amendment
passes
maintaining a
proportional
relationship
between
revenue raised
from business
and residential
property taxes
(55% / 45%)
1982 20142000
Amendment 23
passes establishing
minimum increase
in “base” per pupil
funding by at least
the rate of inflation
and with the goal of
catching K-12
funding up to 1988-
89 levels adjusted
for inflation
Due to the
declining local
dollars and lower
state revenues as a
result of the Great
Recession,
Legislators
introduce the
“negative factor”
reducing K-12
funding by ~$1B
per year
In the early 1980s
Colorado spent ~$500
more per student than
the national average
By 2000, Colorado was
spending `$900 less per
student than the national
average
The latest figures show
that Colorado spends
~$2,500 less per student
than the national
average
2009
Source: Colorado Fiscal Institute
1992
TABOR passes
establishing
limits on
revenues and
the ability of
elected officials
to increase
revenue or
change property
assessment
rates
IMPACT OF GALLAGHER AND TABORK-12 Education Funding
8
IMPACT OF GALLAGHER AND TABOR
The Gallagher Amendment, passed in 1982, fixes the ratio of taxes collected from Commercial and Residential property at 55% and 45% respectively
Fixed the assessment rate for Commercial property at 29% meaning the residential assessment rate is adjusted to maintain the overall ratio
TABOR, passed in 1992, requires that voters need to approve all tax increases including the residential assessment rate
The combined effect of Gallagher and TABOR has reduced the assessment rate on Residential property from 30% in 1980 to an estimated 6.56% for 2018
Since 1980, Gallagher and TABOR have resulted in the implied share of a homeowner’s value invested in DPS has reduced more than 78% from 1.46% to 0.32%
Property Taxes
$2,003
$1,498
$922$801
30.0%
21.0%
7.96%6.56%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
$0
$500
$1,000
$1,500
$2,000
$2,500
1980 1983 2016 2018
Impact of Gallagher and TABOR on Residential Assessment Rates and DPS Funding
Annual DPS SFA Mill Levy Tax $ Residental Assessment Rate
1980 1983 2016 2018
Average Assessed Value in 2018 dollars1
$137,572 $130,894 $235,075 $249,100
Residental Assessment Rate 30.0% 21.0% 7.96% 6.56%
2017 Denver Public Schools Mills2
48.54 54.50 49.28 49.04
Annual DPS SFA Mill Levy Tax $ $2,003 $1,498 $922 $801
Percent of Assessed Value Invested in DPS 1.46% 1.14% 0.39% 0.32%1Assumes 2018 ratio between home price and assessed valuation of ~65% remains constant across all years2 2016 and 2018 include the implied Mills required to cover State Equalization and excludes all Mill Levy Overrides
FY 2017-18 BUDGET
10
FY2017-18 PROPOSED BUDGET ASSUMPTIONS
Budget Input Assumption
Per Pupil Revenue: $7,829
Funded Pupil Count: 86,840 (K=.5) per Planning & Analysis forecast
Total Projected Enrollment: 95,128 (ECE & K = 1.00)
FRL 67.1% (including charters)
SBB Base allocation increased due to account for COLA increases and a higher FY2017-18
benefit expense
Student Based Budget Increased to provide an equivalent purchasing power for previous weights
Changes
Added additional weights for Direct Certify students, 2016 MLO allocations and additional
expenses that were previously budgeted including Military Ed, TLC, Math Fellows and
Newcomer Centers
SBB Allocations updated to account for changes in Enrollment and student demographics
Competitive compensation increase budgeted for all employees dependent on final state
budget
All ProComp-eligible DCTA members receiving additional incentives as earned
DPS is also contributing an additional .5% to cover the increasing SAED rate to PERA, for
total FY17-18 SAED rate of 5.25%
Total Program increase of 1.86% and CPI of 2.8%
11% growth in Denver Assessed Valuation, with no change to Assessment Rate
Donations and ECE Tuition revenue increased to more accurately reflect projected
revenue amounts
Enrollment
Other Revenue Factors
Compensation Increases
11
CHANGES TO SBB
DPS added a new weight that funds an additional $80 per student that are Direct Certified for Free Student Lunch
Added additional funding in SBB associated with the following 2016 MLO initiatives: Whole Child Teacher Leadership & Collaboration Technology Dual enrollment
Allocated costs associated with Math Fellows and Military Education that were centrally funded to SBB Consolidated ECE into General Fund from multi-funds (19 & 29) to enable greater transparency and
management for principals
All in, DPS is increasing SBB by over 16%, or more than $78M from FY16-17 to FY17-18
YoY Increase
SBB Enrollment & Purchasing Power $4,566,661
New SBB Funding
2016 MLO
While Child $7,615,656
Early Lit $2,401,663
Tech $3,574,808
Dual Enrollment $1,760,034
TLC $14,622,375
Total 2016 MLO $29,974,536
Direct Certification Weight $1,561,120
Total New SBB Funding $31,535,656
Previously Centrally Budgeted now in SBB
Math Fellows $13,506,958
Military $2,447,652
Newcomer Centers $1,149,461
ECE $25,579,352
Total Previously Centrall Budgeted now in SBB $42,683,423
Total Incremental Funding in SBB $78,785,740
12
WHOLE CHILD USE OF FUNDS
DPS requires schools to devote resources to the social and emotional health of its students with existing SBB funds
Depending on the number of the students in the schools and type of school, these required minimums can range from 2-3 days per week of both social workers and nurse staffing for small Elementary schools to 5 and 7 days respectively for large high schools totaling more than $12M of expense
With the addition of the 2016 Mill Levy Override resources dedicated to Whole Child supports, the funding equivalent of these minimums increased to more than $20M districtwide
DPS plans to spend $13M (64%) more than the required Whole Child minimums in 2017-18 Schools leaders must use Whole Child funds on a menu of acceptable expenses including
psychologists, social workers, nurses, health tech aids, counselors, restorative justice coordinators, deans of culture, 3rd party consultants, and other mental health & whole child expenses
Whole Child Resources at Schools (In Millions) FY 2017-18
Requirements
Minimum WC Expenses Based on Student Enrollment $12.8
2016 Mill Levy Whole Child Allocation $7.6
Subtotal Whole Child + Minimums $20.4
Use of Funds
Psych, Social Worker, Nurse/Health $20.0
Counselor, RJ Coord, Dean of Culture $12.9
3rd Parties & Other $0.5
Subtotal Use of Funds $33.5
Budgeted Expenses Above Minimum Requirements $13.1
13
CHANGES TO FEDERAL FUNDING OUTLOOKFY 2013-14 to Proposed FY 2017-18
FY 2017-18 proposed budget for federal funds to decrease YoY by 13%
$5.2M planned grant cliff reduction for Teacher Incentive Fund (TIF)
FY 2017-18 budget does not include new grants that may be awarded this year
Reduction in Title I and II allocations due to decreasing poverty levels in Denver
Other grant cliff reductions include TIG, YCC, 21st Century, Gear-Up
$30,849 $31,478 $32,725 $32,052 $31,219
$16,953 $15,946 $16,762 $16,253 $16,957
$3,432 $4,601 $4,525 $4,105 $3,846
$7,012 $6,586 $6,211 $8,947 $8,745
$26,481
$34,759 $25,169 $22,468
$11,449
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
TITLE I IDEA TITLE II OTHER FED FORMULA FEDERAL COMPETITIVE
$86,628
$95,231
$87,305 $85,938
$73,921
Federal
Formula
Federal
Competitive
14
Potential Changes due to Federal Legislation
CHANGES TO FEDERAL FUNDING OUTLOOK
ESSA Update The State has decided to not withhold an optional 3% withholding from Title allocations over the 3%
mandated in ESSA The Colorado state plan due date has been extended to May 3rd
March 16, 2017 – President Trump’s Budget Blueprint released to the public Majority of changes would not impact DPS until FY 2018-19 Proposed 13% reduction ($9 billion) to the U.S. Department of Education $2.4 billion proposed investment in private school choice programs and portability systems Appropriations will continue to change and must be still approved by Congress
April 28, 2017 – Continuing Resolution expires Additional reductions have been proposed for U.S. Department of Education budget Potentially reduce the Title I and II allocations
Proposed Change Program DescriptionProposed
Reduction
Eliminate
Title II Teacher and leader professional development $3.8 M
Gear-Up Counseling services for students $893 K
21st Century Programs for kids that occur before and after school $835 K
Teacher Quality Grants New teacher residency programs $679K
AmeriCorps Teacher and family/community engagement $2.8 M
Reduce
Title I Allocation Serves disadvantaged schools and students Less allocation
Medicaid Screen, health education, speech/language, OT/PT max $2.8 M
New Funding
TBD $1 billion to serve disadvantaged students via portability TBD
TBD $1.4 billion for private school choice program TBD
15
DISTRICT WIDE USE OF FUNDS
The 6 Cost Centers are as follows:
Principal Managed: includes all Principal managed & SBB expenditures and ProComp
Centrally Budgeted School Expenditures & School Support: includes expenses not managed by principals but predominately consists of school based employees that support schools & students directly; i.e. Textbooks, Career Tech Ed, Paid Leaves for Teachers, Principal Performance Compensation, Library Services, Unassigned Teachers, Student Board of Education, Portfolio Management, HR (Recruitment, Teacher Leadership management), FACE, Pupil Records, Assessments, CELT
Center Programs & SEO Services: excludes school based expenses like Mild Moderate teachers, Psychologists, and Social Workers. All Center Programs and Severe Needs are included
Operations: includes Facility related expenses for Utilities, Custodial, Maintenance, Property & Workers Compensation Insurance and other operational costs such as Transportation, Technology Services, and others.
Central: includes Office of Superintendent, Instructional Superintendent team, Legal, Communications, Finance, Planning & Analysis, Accounting, Purchasing, Payables, Payroll, Labor Relations, Grants, Board of Education, Chief Operating Officer
16
DISTRICT WIDE USE OF FUNDS
96% of expenditures support students with 4% funding Central/Headquarters
Nearly all funds directly support students through principal managed, centrally budgeted school expenditures & school supports and center programs & other SEO costs
By allocating the vast majority of the 2016 Mill Levy Override directly to schools, central administration decreased from 5% in FY16-17 down to 4% in FY 17-18
DPS plans to spend ~$11.5k per K-12 student in 2017-18
Includes all K-12 district managed General Fund and ProComp expenditures
Excludes all Charter expenses and ECE expenditures
Excludes all Federal & Private Grants, Capital/Bond, Food Service, and Other Funds
All Charter portions of Central, Center Programs and Operations adjusted
Cost Center (in millions)
Total FY17-18
Budget % of Total Budget
K-12 Per Student
Expenditure
School Support
Principal Managed Resources 476$ 62% 7,063
Operations 118$ 15% 1,745
Centrally Budgeted School Expenditures & School Supports 115$ 15% 1,708
Center Programs & SEO Services 31$ 4% 463
Central 33$ 4% 497
Grand Total $773 100% 11,476
K-12 Projected Students 67,335
17
SCHOOL USE OF FUNDS PER STUDENT
Of the $7,063 per student managed by school leaders (demonstrated on previous slide), Principals use 97% of their school student based allocation to fund staff
Schools use the principal managed budget overwhelmingly to fund instructional staff (generally classroom teachers ~ 50%)
Leadership & Community include the principal, administrative staff, community liaisons and other expenses for the general administration of the building
Student Supports include Whole Child qualifying expenses such as psych, social work, nurse, counselors and other eligible expenses
Summary is an average of all DPS District Managed Schools; Charters excluded
Category $ Per Student Percent
Instructional 3,848$ 54%
Leadership & Community Support 986$ 14%
Art & PE 502$ 7%
Student Supports 472$ 7%
Teacher PD 410$ 6%
Mild Moderate 353$ 5%
Instructional Tutoring / Intervention 296$ 4%
Library & Tech 196$ 3%
Total 7,063$ 100%
$6,827 97%
$228 3%
Compensation Non-Salary
5 YEAR FORECAST
19
5 YEAR FORECAST ASSUMPTIONS
Total Enrollment FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22
District Enrollment 67,335 66,718 66,307 65,836 64,873
Charter Enrollment 20,051 21,392 22,532 23,732 24,932
Total District Enrollment 87,386 88,110 88,839 89,568 89,805
FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22
District Enrollment 77.1% 75.7% 74.6% 73.5% 72.2%
Charter Enrollment 22.9% 24.3% 25.4% 26.5% 27.8%
FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22
CPI 2.8% 2.9% 2.3% 2.3% 2.3%
FY17-18 FY18-19 FY19-20 FY20-21 FY 21-22
At Risk Students 47,930 46,851 45,797 44,767 43,759
Total At Risk Funding 58,724$ 57,617$ 56,261$ 54,994$ 53,990$
Percentage of At-Risk Students (Free) 57.8% 56.1% 54.4% 52.7% 51.3%
Percentage of FRL 65% 63% 62% 60% 59%
Statewide Negative Factor increase of $75M in FY17-18 ($7.5M impact to DPS)
Does not incorporate any potential backfills for reductions in federal funding
Enrollment Projections from Planning & Analysis
SBB Increases based on Enrollment Trends, COLA impact on Average Teacher Salary (inclusive of turnover savings and benefits), and CPI
20
5 YEAR FORECAST $75M NEGATIVE FACTOR INCREASE
FY17-18 FY18-19 FY19-20 FY20-21 FY21-22
Revenue
Total Program Revenue Baseline1 $929,096 $960,804 $991,151 $1,017,813 $1,045,315
Change in Formula Revenue $17,390 $25,905 $21,958 $22,623 $20,013
Change in 2012 & 2016 MLO $5,216 $4,443 $4,703 $4,880 $4,228
Tuition & Other Revenue Increases $9,102 $0 $0 $0 $0
Total Program Revenue $960,804 $991,151 $1,017,813 $1,045,315 $1,069,556
Expense
Expense Baseline2 $910,476 $971,519 $1,002,770 $1,028,527 $1,054,985
Enrollment and Purchasing Power Expense Changes $24,184 $26,045 $23,632 $23,681 $21,574
Teacher Leadership & 2016 MLO programs $34,798 $2,777 $1,802 $2,321 $833
Mill Levy Equalization $1,132 $1,381 $373 $406 $429
Grant Cliffs $0 $2,060 ($50) $50 $0
Footprint Expansion (4 new schools) $940 $0 $0 $0 $0
Centrally Managed Programs ($11) ($1,012) $0 $0 $0
Total Expense $971,519 $1,002,770 $1,028,527 $1,054,985 $1,077,821
Net Change in Fund Balance ($10,715) ($11,619) ($10,714) ($9,670) ($8,264)
Fund Balance $113,421 $101,802 $91,088 $81,419 $73,155
10% of Revenue $96,080 $99,115 $101,781 $104,532 $106,956
Fund Balance remaining to 10% of Revenue $17,341 $2,687 ($10,693) ($23,113) ($33,801)
1 Includes all General Fund revenue sources (Program Funding, Specific Ownership Taxes, ECE Tuition and Mill Levy Overrides)2 Special Projects expenditures forecasted to match revenue based on historical trends, FY17-18 Budget includes $2.8 use of fund balance
21
5 YEAR FORECAST $48.8M NEGATIVE FACTOR INCREASE
FY17-18 FY18-19 FY19-20 FY20-21 FY21-22
Revenue
Total Program Revenue Baseline1 $929,096 $963,304 $993,651 $1,020,313 $1,047,815
Change in Formula Revenue $19,890 $25,905 $21,958 $22,623 $20,013
Change in 2012 & 2016 MLO $5,216 $4,443 $4,703 $4,880 $4,228
Tuition & Other Revenue Increases $9,102 $0 $0 $0 $0
Total Program Revenue $963,304 $993,651 $1,020,313 $1,047,815 $1,072,056
Expense
Expense Baseline2 $910,476 $971,519 $1,002,770 $1,028,527 $1,054,985
Enrollment and Purchasing Power Expense Changes $24,184 $26,045 $23,632 $23,681 $21,574
Teacher Leadership & 2016 MLO programs $34,798 $2,777 $1,802 $2,321 $833
Mill Levy Equalization $1,132 $1,381 $373 $406 $429
Grant Cliffs $0 $2,060 ($50) $50 $0
Footprint Expansion (4 new schools) $940 $0 $0 $0 $0
Centrally Managed Programs ($11) ($1,012) $0 $0 $0
Total Expense $971,519 $1,002,770 $1,028,527 $1,054,985 $1,077,821
Net Change in Fund Balance ($8,215) ($9,119) ($8,214) ($7,170) ($5,764)
Fund Balance $115,921 $106,802 $98,588 $91,419 $85,655
10% of Revenue $96,330 $99,365 $102,031 $104,782 $107,206
Fund Balance remaining to 10% of Revenue $19,591 $7,437 ($3,443) ($13,363) ($21,551)
1 Includes all General Fund revenue sources (Program Funding, Specific Ownership Taxes, ECE Tuition and Mill Levy Overrides)2 Special Projects expenditures forecasted to match revenue based on historical trends, FY17-18 Budget includes $2.8 use of fund balance
FLEXIBILITIES
23
INCREASING FLEXIBILITY AT SCHOOLS
DPS is intent on increasing flexibilities and will expand the “SBB+” flexibilities to additional Innovation Management Organizations in FY 2017-18
All Schools: Curriculum Adoption
Curriculum aligned Professional
Learning
Assessments
iZone
“SBB+”
All Schools: Curriculum Adoption
Curriculum aligned Professional
Learning
Assessments
Innovation
Schools & IMOs
“SBB+”
Current State Future State
24
SBB+ FLEXIBILITIES FOR 2017-18
For the 2017-18 school year, the options available through SBB+ flexibilities remains largely unchanged. Funds were made available for eligible schools from the following services:
Instructional Superintendent and Support Partners
Curriculum & Instruction in all content areas
School-based web design services
Family & Community Engagement, including Parent Teacher Home Visits and School-Based services
Teach for America contract
District-wide trainings available to all DPS employees (Creating Connections, DPS Teams, etc)
Professional Learning strategic planning, coaching and learning labs, and data culture facilitation
Research & Development and innovation strategies (Imaginarium)
Competency-based learning, operational support and BrainPop licenses
School budget management support and trainings
Curriculum distribution services, central classroom library materials and supports
Budget assistance
25
SBB+ PARTICIPATING SCHOOLS FOR 2017-18
SBB+ flexibilities are available to all LLN innovation zone schools and Innovation
Management Organization (IMO) schools for 2017-18
SBB+ available funds per pupil decline year over year due to removing targeted
spending (CELT -$11; ACE - $10; FACE - $24) and department reductions
(Imaginarium - $11)
FY17 FY18
# of Schools 4 10
Eligible Students 1,672 5,033
SBB Funds $10,013,494 $33,367,830
SBB+ Funding Available $753,479 1,989,996 Less: Purchased Services ($44,190) ($241,412)
SBB+ Additional Funds $709,289 $1,748,584
Total Funds Available $10,722,783 $35,116,414
SBB Avg Per Pupil $5,989 $6,630
SBB+ Available Avg Per Pupil $451 $395
SBB+ Additional Funds Per Pupil $424 $347
Avg Per Pupil $6,413 $6,977
FUND SUMMARIES
GENERAL FUND
28
GENERAL FUND DESCRIPTION
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in other funds.
The General Fund is comprised of the following 2 funds:
General Fund (Fund 10): Includes revenue from local, state, and federal sources, with the main source being Total Program revenue determined by the School Finance Act. Also included are revenues from all voter-approved Mill Levy Overrides (passed in 1988, 1998, 2003, and 2012), state categorical sources, specific ownership taxes, providing early childhood education, providing full day kindergarten, and charter school capital construction.
Special Projects (Fund 13): Per GASB 54, this fund was created to distinguish projects based on funding sources. Funds that are constrained by the District’s intent to be used for specific purposes, but are neither restricted nor committed and monies which have not been restricted, committed or assigned to a specific purpose
Beginning in FY17-18, revenue & expenditures for ECE and Kindergarten tuition programs previously held in the Tuition Special Revenue Fund have been consolidated into the General Fund.
- This consolidation will help to improve operational efficiency by reducing the need to track funding within 2 additional funds, while maintaining required reporting integrity to all of our stakeholders
29
The General Fund inclusive of the General Operating Fund, all Mill Levy Overrides, and Colorado Preschool Program is expected to have a use of fund balance of $10.8M
Major FY17-18 investments include rollouts of 2016 Mill Levy programs, including Early Literacy expansion, Teacher Leadership & Collaboration, Whole Child support, CareerConnect and Dual Enrollment, Classroom Technology, and Maintenance projects
Revenue & expenditures for ECE and Kindergarten tuition programs previously held in the Tuition Special Revenue Fund have been consolidated into the General Fund starting in FY17-18
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 79,670$ 2,684$ 82,354$ 24,972$ 107,325$
Revenue 865,694$ 51,594$ 917,289$ 28,826$ 946,114$
Expenses (incl. Interfund Transfers) 876,361$ 15,057$ 891,418$ 65,449$ 956,868$
Ending Balance 69,003$ 39,221$ 108,224$ (11,652)$ 96,572$
Source / (Use) of Fund Balance (10,667)$ 36,537$ 25,870$ (36,623)$ (10,753)$
Appropriated Reserves 51,227$ 9,789$ 61,015$ (3,459)$ 57,556$
Unappropriated Reserves 17,776$ 29,432$ 47,208$ (8,192)$ 39,016$
Total Reserves 69,003$ 39,221$ 108,224$ (11,652)$ 96,572$
Total Appropriation 927,588$ 24,846$ 952,434$ 61,990$ 1,014,424$
Adjustments Adjustments
GENERAL FUND EXCL. SPECIAL PROJECTS
30
The General Fund inclusive of the General Operating Fund, all Mill Levy Overrides, and Colorado Preschool Program is expected to have a use of fund balance of $12.9M
The additional $2.1M use of fund balance in the Special Projects Fund is due to forecasted additional expenditures for Discovery Link after-school programs
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 92,036$ 7,857$ 99,893$ 24,242$ 124,136$
Revenue 875,628$ 53,467$ 929,095$ 31,709$ 960,804$
Expenses (incl. Interfund Transfers) 888,726$ 14,499$ 903,225$ 70,494$ 973,719$
Ending Balance 78,938$ 46,826$ 125,763$ (14,543)$ 111,221$
Source / (Use) of Fund Balance (13,098)$ 38,968$ 25,870$ (38,785)$ (12,915)$
Appropriated Reserves 61,162$ 17,393$ 78,555$ (6,351)$ 72,205$
Unappropriated Reserves 17,776$ 29,432$ 47,208$ (8,192)$ 39,016$
Total Reserves 78,938$ 46,826$ 125,763$ (14,543)$ 111,221$
Total Appropriation 949,888$ 31,892$ 981,780$ 64,143$ 1,045,924$
Adjustments Adjustments
GENERAL FUND INCL. SPECIAL PROJECTS
CAPITAL FUNDS
32
Fund description: The capital projects building fund is used to account for and report financial resources that are restricted, committed or assigned to expenditure of capital outlays, including the acquisition or construction of capital facilities and other capital assets
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 49,211$ 38,281$ 87,492$ 386,502$ 473,994$
Revenue 276$ 535,000$ 535,276$ (530,605)$ 4,671$
Expenses (incl. Interfund Transfers) 49,488$ 100,000$ 149,488$ 44,493$ 193,981$
Ending Balance -$ 473,281$ 473,281$ (188,596)$ 284,685$
Source / (Use) of Fund Balance (49,211)$ 435,000$ 385,789$ (575,098)$ (189,309)$
Appropriated Reserves -$ 68,281$ 68,281$ (38,281)$ 30,000$
Unappropriated Reserves -$ 405,000$ 405,000$ (150,315)$ 254,685$
Total Reserves -$ 473,281$ 473,281$ (188,596)$ 284,685$
Total Appropriation 49,488$ 168,281$ 217,768$ 6,212$ 223,981$
Adjustments Adjustments
Appropriation of $224M set based on projected spending of 2016 Bond projects
Major FY17-18 projects include:
HVAC upgrade and renovation district wide
School Focused Renovations including:
George Washington High School
Sandoval Campus
CAPITAL PROJECTS BUILDING FUND
33
Fund description: This capital projects fund is used to accumulate resources, primarily general fund support, for the acquisition, renovation and maintenance of capital assets as required by state statute
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 15,267$ 1,760$ 17,027$ 41,333$ 58,360$
Revenue 30,476$ -$ 30,476$ (14,658)$ 15,818$
Expenses (incl. Interfund Transfers) 43,331$ -$ 43,331$ 26,154$ 69,485$
Ending Balance 2,413$ 1,760$ 4,173$ 522$ 4,694$
Source / (Use) of Fund Balance (12,855)$ -$ (12,855)$ (40,812)$ (53,666)$
Appropriated Reserves 2,413$ 1,760$ 4,173$ 522$ 4,694$
Unappropriated Reserves -$ -$ -$ -$ -$
Total Reserves 2,413$ 1,760$ 4,173$ 522$ 4,694$
Total Appropriation 45,743$ 1,760$ 47,503$ 26,676$ 74,179$
Adjustments Adjustments
Stapleton Park Street construction throughout FY18 with expected completion in the Fall of 2018
Swansea renovation continuing into FY18. Phase 2 of the renovation includes:
HVAC replacement
Addition of new main entry and offices
FY17-18 Revenue assumes potential new COP and 2013 COP refinancing
CAPITAL RESERVE FUND
34
BOND REDEMPTION FUND
Fund description: The bond redemption fund (debt service fund) accounts for and reports financial resources that are restricted or committed for the payment of principal and interest on long-term general obligation debt of the School District as a result of the issuance of general obligation bonds
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 113,603$ 26,678$ 140,281$ (9,621)$ 130,659$
Revenue 112,139$ -$ 112,139$ 21,849$ 133,988$
Expenses (incl. Interfund Transfers) 129,177$ -$ 129,177$ (449)$ 128,728$
Ending Balance 96,565$ 26,678$ 123,242$ 12,677$ 135,919$
Source / (Use) of Fund Balance (17,038)$ -$ (17,038)$ 22,298$ 5,260$
Appropriated Reserves 96,565$ 26,678$ 123,242$ 12,677$ 135,919$
Unappropriated Reserves -$ -$ -$ -$ -$
Total Reserves 96,565$ 26,678$ 123,242$ 12,677$ 135,919$
Total Appropriation 225,742$ 26,678$ 252,419$ 12,228$ 264,647$
Adjustments Adjustments
The Bond Redemption Fund appropriation increased $12.2M over FY16-17 to account for appropriating additional reserves
FY17-18 debt service expenditures are ~$450k lower than FY16-17
GRANT FUNDS
36
GRANTS SPECIAL REVENUE FUND
Fund description: The Grants Special Revenue Fund is used to account for the proceeds of specific revenue sources that are restricted to expenditure for specified purposes other than debt service or capital projects including state funding for Emily Griffith Technical College and federal funding through the Title I, II, III and IDEA programs as well as other miscellaneous government grants.
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 18,391$ 11,991$ 30,382$ (9,516)$ 20,866$
Revenue 116,311$ 10,482$ 126,793$ (20,274)$ 106,518$
Expenses (incl. Interfund Transfers) 126,618$ 3,395$ 130,013$ (20,996)$ 109,017$
Ending Balance 8,084$ 19,078$ 27,161$ (8,794)$ 18,367$
Source / (Use) of Fund Balance (10,307)$ 7,087$ (3,220)$ 722$ (2,499)$
Appropriated Reserves 1,894$ 15,634$ 17,528$ 839$ 18,367$
Unappropriated Reserves 6,190$ 3,444$ 9,633$ (9,633)$ -$
Total Reserves 8,084$ 19,078$ 27,161$ (8,794)$ 18,367$
Total Appropriation 128,512$ 19,029$ 147,541$ (20,157)$ 127,384$
Adjustments Adjustments
OTHER FUNDS
38
PROCOMP TRUST FUND
Fund description: This special revenue fund is used to account for the proceeds of the voter-approved taxes from the 2005 Mill Levy Override. Its investments and expenditures are for the professional compensation system for teachers
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 19,043$ (698)$ 18,345$ (4,562)$ 13,784$
Revenue 32,784$ -$ 32,784$ 150$ 32,934$
Expenses (incl. Interfund Transfers) 45,948$ -$ 45,948$ (9,292)$ 36,656$
Ending Balance 5,880$ (698)$ 5,182$ 4,880$ 10,062$
Source / (Use) of Fund Balance (13,163)$ -$ (13,163)$ 9,441$ (3,722)$
Appropriated Reserves 1,500$ -$ 1,500$ -$ 1,500$
Unappropriated Reserves 4,380$ (698)$ 3,682$ 4,880$ 8,562$
Total Reserves 5,880$ (698)$ 5,182$ 4,880$ 10,062$
Total Appropriation 47,448$ -$ 47,448$ (9,292)$ 38,156$
Adjustments Adjustments
In order to help reduce usage of fund balance, the ProComp Trust Fund has reduced Top Performing and High Growth payouts over the last 2 years
Reductions of $4.5M in FY16-17 are reflected in actuals, but not in the FY16-17 budget
FY17-18 budget includes an additional $4.7M reduction in Top Performing and High Growth incentive payouts for a total year over year budget reduction of $9.2M
39
FOOD SERVICE FUND
Fund description: The food services fund accounts for the revenue and expenses related to providing breakfasts and lunches to District students and employees
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance -$ 141$ 141$ (141)$ -$
Revenue 42,357$ 1,500$ 43,857$ (1,518)$ 42,339$
Expenses (incl. Interfund Transfers) 41,707$ 1,500$ 43,207$ (868)$ 42,339$
Ending Balance 650$ 141$ 791$ (791)$ -$
Source / (Use) of Fund Balance 650$ -$ 650$ (650)$ -$
Appropriated Reserves 650$ 141$ 791$ (791)$ -$
Unappropriated Reserves -$ -$ -$ -$ -$
Total Reserves 650$ 141$ 791$ (791)$ -$
Total Appropriation 42,357$ 1,641$ 43,998$ (1,659)$ 42,339$
Adjustments Adjustments
The Food Service Fund is reducing the appropriation vs. FY16-17 to more accurately align with actual revenue received & food costs
While federal meal reimbursement rates have increased, overall federal & state reimbursement is projected to stay flat vs. FY16-17 Adopted Budget due to lower FRL student enrollment
40
PUPIL ACTIVITY FUND
Fund description: The pupil activity special revenue fund accounts for the revenue and expenditures of sponsoring athletic events at middle and high schools
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 2,178$ 991$ 3,169$ 297$ 3,465$
Revenue 874$ (64)$ 810$ (172)$ 638$
Expenses (incl. Interfund Transfers) 1,053$ (64)$ 989$ 2,489$ 3,478$
Ending Balance 1,998$ 991$ 2,989$ (2,364)$ 625$
Source / (Use) of Fund Balance (179)$ 0$ (179)$ (2,661)$ (2,840)$
Appropriated Reserves 1,998$ 991$ 2,989$ (2,364)$ 625$
Unappropriated Reserves -$ -$ -$ -$ -$
Total Reserves 1,998$ 991$ 2,989$ (2,364)$ 625$
Total Appropriation 3,051$ 927$ 3,978$ 125$ 4,103$
Adjustments Adjustments
41
WAREHOUSE/INTERNAL SERVICE FUND
Fund description: This fund accounts for the revenue and expenses associated with central copying services, office supplies, postage and rental of equipment purchased by schools and departments
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 22$ -$ 22$ -$ 22$
Revenue 902$ -$ 902$ -$ 902$
Expenses (incl. Interfund Transfers) 923$ -$ 923$ 1$ 924$
Ending Balance 1$ -$ 1$ (1)$ -$
Source / (Use) of Fund Balance (21)$ -$ (21)$ (1)$ (22)$
Appropriated Reserves 1$ -$ 1$ (1)$ -$
Unappropriated Reserves 0$ -$ 0$ (0)$ -$
Total Reserves 1$ -$ 1$ (1)$ -$
Total Appropriation 924$ -$ 924$ 0$ 924$
Adjustments Adjustments
42
PRIVATE PURPOSE TRUST FUND
Fund description: This fund is not for the benefit of DPS; the beneficiaries are individuals or other organizations (COBRA, retiree health and life insurance trusts, DCTA & Paraprofessionals education trusts)
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 7,620$ -$ 7,620$ -$ 7,620$
Revenue 2,172$ -$ 2,172$ -$ 2,172$
Expenses (incl. Interfund Transfers) 2,380$ -$ 2,380$ -$ 2,380$
Ending Balance 7,412$ -$ 7,412$ -$ 7,412$
Source / (Use) of Fund Balance (208)$ -$ (208)$ -$ (208)$
Appropriated Reserves 7,412$ -$ 7,412$ -$ 7,412$
Unappropriated Reserves -$ -$ -$ -$ -$
Total Reserves 7,412$ -$ 7,412$ -$ 7,412$
Total Appropriation 9,792$ -$ 9,792$ -$ 9,792$
Adjustments Adjustments
43
GOVERNMENTAL PERMANENT FUND
Fund description: This fund is used to account for and report resources that are restricted to the extent that only earnings and not principal may be used for purposes that support the District’s programs
FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 129$ -$ 129$ -$ 129$
Revenue -$ -$ -$ -$ -$
Expenses (incl. Interfund Transfers) 129$ -$ 129$ -$ 129$
Ending Balance -$ -$ -$ -$ -$
Source / (Use) of Fund Balance (129)$ -$ (129)$ -$ (129)$
Appropriated Reserves -$ -$ -$ -$ -$
Unappropriated Reserves -$ -$ -$ -$ -$
Total Reserves -$ -$ -$ -$ -$
Total Appropriation 129$ -$ 129$ -$ 129$
Adjustments Adjustments
APPENDIX
Detailed Fund Reports
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 79,670$ 2,684$ 82,354$ 24,972$ 107,325$
Revenue
Property Taxes 458,299$ 55,416$ 513,715$ 18,851$ 532,566$
State Categorical 35,374$ (3,895)$ 31,479$ 1,081$ 32,560$
State Equalization 308,506$ (10,512)$ 297,994$ 7,091$ 305,085$
Specific Ownership Taxes 39,148$ 4,106$ 43,254$ 1,000$ 44,254$
Federal Revenue 1,000$ -$ 1,000$ -$ 1,000$
Other Local Support 20,650$ 6,304$ 26,954$ 720$ 27,674$
Charter School Capital Construction 2,717$ 175$ 2,892$ 83$ 2,975$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 865,694$ 51,594$ 917,289$ 28,826$ 946,114$
Expense
Employee Salaries 491,872$ 6,949$ 498,821$ 38,041$ 536,861$
Employee Benefits 61,751$ 1,451$ 63,202$ 12,374$ 75,575$
Charter Schools 131,602$ 13,563$ 145,165$ 11,519$ 156,684$
Supplies & Materials 41,068$ 7,595$ 48,663$ (1,238)$ 47,426$
Purchased Services 45,409$ 119$ 45,528$ (12,272)$ 33,256$
Property 2,572$ 1,985$ 4,557$ (1,921)$ 2,636$
Debt Service Interest 45,775$ -$ 45,775$ 2,797$ 48,572$
Debt Service Principal 18,780$ -$ 18,780$ (1,138)$ 17,642$
Other Expenses 1,093$ (578)$ 514$ 890$ 1,404$
Site Assigned Reserves 17,592$ (3,592)$ 14,000$ 5,685$ 19,685$
School Location/Relocation Support 843$ (420)$ 423$ 231$ 654$
School Carry Forward 13,000$ (13,000)$ -$ 11,200$ 11,200$
Unassigned Teacher 3,722$ 17$ 3,739$ 35$ 3,774$
Total Expense 875,080 14,088$ 889,168$ 66,202$ 955,370$
Appropriated Reserves
Restricted – TABOR Reserves 25,353$ 1,681$ 27,034$ 1,350$ 28,383$
Assigned Reserves 1,538$ 2,500$ 4,038$ 4,077$ 8,115$
General Contingency 12,335$ 5,608$ 17,943$ (8,886)$ 9,058$
CDE Audit 1,000$ -$ 1,000$ -$ 1,000$
Utilities 2,000$ -$ 2,000$ -$ 2,000$
School Location/Relocation Support Reserves 3,000$ -$ 3,000$ -$ 3,000$
Unassigned Teacher Reserves 4,000$ -$ 4,000$ -$ 4,000$
Risk Fund Reserves 2,000$ -$ 2,000$ -$ 2,000$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 51,227$ 9,789$ 61,015$ (3,459)$ 57,556$
Interfund Transfers 1,281$ 969$ 2,251$ (753)$ 1,497$
Total Appropriation 927,588 24,846$ 952,434$ 61,990$ 1,014,424$
Unappropriated Reserves 17,776$ 29,432$ 47,208$ (8,192)$ 39,016$
Adjustments Adjustments
General Fund without Special Projects
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 92,036$ 7,857$ 99,893$ 24,242$ 124,136$
Revenue
Property Taxes 458,299$ 55,416$ 513,715$ 18,851$ 532,566$
State Categorical 35,374$ (3,895)$ 31,479$ 1,081$ 32,560$
State Equalization 308,506$ (10,512)$ 297,994$ 7,091$ 305,085$
Specific Ownership Taxes 39,148$ 4,106$ 43,254$ 1,000$ 44,254$
Federal Revenue 1,000$ -$ 1,000$ -$ 1,000$
Other Local Support 30,584$ 8,177$ 38,761$ 3,603$ 42,364$
Charter School Capital Construction 2,717$ 175$ 2,892$ 83$ 2,975$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 875,628$ 53,467$ 929,095$ 31,709$ 960,804$
Expense
Employee Salaries 501,287$ 6,593$ 507,879$ 38,403$ 546,282$
Employee Benefits 63,958$ 1,384$ 65,342$ 12,437$ 77,779$
Charter Schools 131,602$ 13,563$ 145,165$ 11,519$ 156,684$
Supplies & Materials 42,316$ 7,822$ 50,139$ (706)$ 49,433$
Purchased Services 46,774$ 288$ 47,062$ (11,732)$ 35,330$
Property 3,008$ 2,286$ 5,295$ (2,286)$ 3,009$
Debt Service Interest 45,775$ -$ 45,775$ 2,797$ 48,572$
Debt Service Principal 18,780$ -$ 18,780$ (1,138)$ 17,642$
Other Expenses 1,252$ (751)$ 501$ 1,571$ 2,072$
Site Assigned Reserves 17,917$ (3,917)$ 14,000$ 6,652$ 20,652$
School Location/Relocation Support 843$ (420)$ 423$ 231$ 654$
School Carry Forward 13,000$ (13,000)$ -$ 11,200$ 11,200$
Unassigned Teacher 3,722$ 17$ 3,739$ 35$ 3,774$
Total Expense 890,235 13,865$ 904,100$ 68,982$ 973,083$
Appropriated Reserves
Restricted – TABOR Reserves 25,353$ 1,681$ 27,034$ 1,350$ 28,383$
Assigned Reserves 11,474$ 10,105$ 21,578$ 1,185$ 22,764$
General Contingency 12,335$ 5,608$ 17,943$ (8,886)$ 9,058$
CDE Audit 1,000$ -$ 1,000$ -$ 1,000$
Utilities 2,000$ -$ 2,000$ -$ 2,000$
School Location/Relocation Support Reserves 3,000$ -$ 3,000$ -$ 3,000$
Unassigned Teacher Reserves 4,000$ -$ 4,000$ -$ 4,000$
Risk Fund Reserves 2,000$ -$ 2,000$ -$ 2,000$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 61,162$ 17,393$ 78,555$ (6,351)$ 72,205$
Interfund Transfers (1,509)$ 633$ (875)$ 1,511$ 636$
Total Appropriation 949,888 31,892$ 981,780$ 64,143$ 1,045,924$
Unappropriated Reserves 17,776$ 29,432$ 47,208$ (8,192)$ 39,016$
General Fund with Special Projects
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 12,366$ 5,173$ 17,540$ (729)$ 16,810$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support 9,934$ 1,873$ 11,807$ 2,883$ 14,690$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 9,934$ 1,873$ 11,807$ 2,883$ 14,690$
Expense
Employee Salaries 9,414$ (356)$ 9,058$ 363$ 9,421$
Employee Benefits 2,207$ (67)$ 2,140$ 63$ 2,203$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials 1,248$ 227$ 1,475$ 532$ 2,007$
Purchased Services 1,365$ 170$ 1,534$ 539$ 2,073$
Property 436$ 301$ 738$ (365)$ 373$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses 159$ (172)$ (13)$ 681$ 668$
Site Assigned Reserves 325$ (325)$ -$ 967$ 967$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 15,155 (222)$ 14,933$ 2,780$ 17,712$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 9,935$ 7,605$ 17,540$ (2,891)$ 14,648$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 9,935$ 7,605$ 17,540$ (2,891)$ 14,648$
Interfund Transfers (2,790)$ (336)$ (3,126)$ 2,265$ (861)$
Total Appropriation 22,300 7,046$ 29,346$ 2,154$ 31,500$
Unappropriated Reserves -$ -$ -$ -$ -$
Special Projects
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 18,391$ 11,991$ 30,382$ (9,516)$ 20,866$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical 18,352$ 1,374$ 19,726$ (150)$ 19,576$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue 80,887$ 2,682$ 83,569$ (14,494)$ 69,075$
Other Local Support 17,072$ 6,425$ 23,498$ (5,631)$ 17,867$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 116,311$ 10,482$ 126,793$ (20,274)$ 106,518$
Expense
Employee Salaries 57,814$ (6,619)$ 51,195$ (10,986)$ 40,208$
Employee Benefits 15,459$ (1,985)$ 13,475$ (2,315)$ 11,160$
Charter Schools 8,481$ 660$ 9,141$ 942$ 10,083$
Supplies & Materials 7,009$ (1,521)$ 5,489$ 209$ 5,698$
Purchased Services 20,381$ 14,584$ 34,965$ (7,484)$ 27,481$
Property 1,878$ 81$ 1,959$ (777)$ 1,182$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses 7,394$ 97$ 7,491$ (1,223)$ 6,268$
Site Assigned Reserves 7,606$ (1,269)$ 6,337$ 638$ 6,975$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 126,023 4,028$ 130,051$ (20,996)$ 109,055$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 1,894$ 15,634$ 17,528$ 839$ 18,367$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 1,894$ 15,634$ 17,528$ 839$ 18,367$
Interfund Transfers 596$ (633)$ (38)$ -$ (38)$
Total Appropriation 128,512 19,029$ 147,541$ (20,157)$ 127,384$
Unappropriated Reserves 6,190$ 3,444$ 9,633$ (9,633)$ -$
Grants Special Revenue Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 2,178$ 991$ 3,169$ 297$ 3,465$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support 874$ (64)$ 810$ (172)$ 638$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 874$ (64)$ 810$ (172)$ 638$
Expense
Employee Salaries 2,217$ -$ 2,217$ 431$ 2,649$
Employee Benefits 416$ -$ 416$ 118$ 534$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials 553$ -$ 553$ 2$ 555$
Purchased Services 977$ (64)$ 913$ 502$ 1,415$
Property 28$ -$ 28$ 81$ 108$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses 943$ -$ 943$ 112$ 1,055$
Site Assigned Reserves 757$ -$ 757$ 143$ 900$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 5,891 (64)$ 5,827$ 1,389$ 7,216$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 1,998$ 991$ 2,989$ (2,364)$ 625$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 1,998$ 991$ 2,989$ (2,364)$ 625$
Interfund Transfers (4,838)$ -$ (4,838)$ 1,100$ (3,738)$
Total Appropriation 3,051 927$ 3,978$ 125$ 4,103$
Unappropriated Reserves -$ -$ -$ -$ -$
Pupil Activity Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 19,043$ (698)$ 18,345$ (4,562)$ 13,784$
Revenue
Property Taxes 32,072$ -$ 32,072$ 842$ 32,914$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support 712$ -$ 712$ (692)$ 20$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 32,784$ -$ 32,784$ 150$ 32,934$
Expense
Employee Salaries 38,058$ -$ 38,058$ (7,185)$ 30,873$
Employee Benefits 6,448$ -$ 6,448$ (825)$ 5,622$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials 1,202$ -$ 1,202$ (1,201)$ 1$
Purchased Services 240$ -$ 240$ (80)$ 160$
Property -$ -$ -$ -$ -$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses -$ -$ -$ -$ -$
Site Assigned Reserves -$ -$ -$ -$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 45,948 -$ 45,948$ (9,292)$ 36,656$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 1,500$ -$ 1,500$ -$ 1,500$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 1,500$ -$ 1,500$ -$ 1,500$
Interfund Transfers -$ -$ -$ -$ -$
Total Appropriation 47,448 -$ 47,448$ (9,292)$ 38,156$
Unappropriated Reserves 4,380$ (698)$ 3,682$ 4,880$ 8,562$
ProComp Special Revenue Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance -$ -$ -$ -$ -$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support -$ -$ -$ -$ -$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue -$ -$ -$ -$ -$
Expense
Employee Salaries -$ -$ -$ -$ -$
Employee Benefits -$ -$ -$ -$ -$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials -$ -$ -$ -$ -$
Purchased Services -$ -$ -$ -$ -$
Property -$ -$ -$ -$ -$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses -$ -$ -$ -$ -$
Site Assigned Reserves -$ -$ -$ -$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense - -$ -$ -$ -$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves -$ -$ -$ -$ -$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves -$ -$ -$ -$ -$
Interfund Transfers -$ -$ -$ -$ -$
Total Appropriation - -$ -$ -$ -$
Unappropriated Reserves -$ -$ -$ -$ -$
Tutition Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 113,603$ 26,678$ 140,281$ (9,621)$ 130,659$
Revenue
Property Taxes 111,739$ -$ 111,739$ 21,849$ 133,588$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support 400$ -$ 400$ -$ 400$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 112,139$ -$ 112,139$ 21,849$ 133,988$
Expense
Employee Salaries -$ -$ -$ -$ -$
Employee Benefits -$ -$ -$ -$ -$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials -$ -$ -$ -$ -$
Purchased Services 65$ -$ 65$ 5$ 70$
Property -$ -$ -$ -$ -$
Debt Service Interest 58,575$ -$ 58,575$ 20,033$ 78,608$
Debt Service Principal 70,467$ -$ 70,467$ (20,487)$ 49,980$
Other Expenses -$ -$ -$ -$ -$
Site Assigned Reserves -$ -$ -$ -$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 129,107 -$ 129,107$ (449)$ 128,658$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 96,565$ 26,678$ 123,242$ 12,677$ 135,919$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 96,565$ 26,678$ 123,242$ 12,677$ 135,919$
Interfund Transfers 70$ -$ 70$ -$ 70$
Total Appropriation 225,742 26,678$ 252,419$ 12,228$ 264,647$
Unappropriated Reserves -$ -$ -$ -$ -$
Bond Redemption Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 49,211$ 38,281$ 87,492$ 386,502$ 473,994$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support 276$ -$ 276$ 4,395$ 4,671$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ 535,000$ 535,000$ (535,000)$ -$
Total Revenue 276$ 535,000$ 535,276$ (530,605)$ 4,671$
Expense
Employee Salaries 7,580$ -$ 7,580$ (406)$ 7,174$
Employee Benefits 1,639$ -$ 1,639$ 8$ 1,647$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials -$ -$ -$ -$ -$
Purchased Services -$ -$ -$ -$ -$
Property 40,269$ 100,000$ 140,269$ 44,890$ 185,160$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses -$ -$ -$ -$ -$
Site Assigned Reserves -$ -$ -$ -$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 49,488 100,000$ 149,488$ 44,493$ 193,981$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves -$ 68,281$ 68,281$ (38,281)$ 30,000$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves -$ 68,281$ 68,281$ (38,281)$ 30,000$
Interfund Transfers -$ -$ -$ -$ -$
Total Appropriation 49,488 168,281$ 217,768$ 6,212$ 223,981$
Unappropriated Reserves -$ 405,000$ 405,000$ (150,315)$ 254,685$
Building Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 15,267$ 1,760$ 17,027$ 41,333$ 58,360$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support 30,476$ -$ 30,476$ (14,658)$ 15,818$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 30,476$ -$ 30,476$ (14,658)$ 15,818$
Expense
Employee Salaries -$ -$ -$ -$ -$
Employee Benefits -$ -$ -$ -$ -$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials -$ -$ -$ -$ -$
Purchased Services 4,060$ -$ 4,060$ (231)$ 3,829$
Property 10,963$ -$ 10,963$ 35,635$ 46,598$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal 21,884$ -$ 21,884$ (6,300)$ 15,584$
Other Expenses -$ -$ -$ -$ -$
Site Assigned Reserves -$ -$ -$ -$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 36,907 -$ 36,907$ 29,104$ 66,011$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 2,413$ 1,760$ 4,173$ 522$ 4,694$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 2,413$ 1,760$ 4,173$ 522$ 4,694$
Interfund Transfers 6,424$ -$ 6,424$ (2,950)$ 3,474$
Total Appropriation 45,743 1,760$ 47,503$ 26,676$ 74,179$
Unappropriated Reserves -$ -$ -$ -$ -$
Capital Reserve Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance -$ 141$ 141$ (141)$ -$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical 330$ -$ 330$ 355$ 685$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue 36,440$ 1,500$ 37,940$ (1,447)$ 36,493$
Other Local Support 5,587$ -$ 5,587$ (426)$ 5,161$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 42,357$ 1,500$ 43,857$ (1,518)$ 42,339$
Expense
Employee Salaries 16,563$ -$ 16,563$ 654$ 17,217$
Employee Benefits 3,637$ -$ 3,637$ 252$ 3,889$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials 21,237$ -$ 21,237$ (404)$ 20,833$
Purchased Services 833$ -$ 833$ (0)$ 833$
Property 103$ -$ 103$ 57$ 160$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses 77$ -$ 77$ (15)$ 62$
Site Assigned Reserves -$ 1,500$ 1,500$ (1,500)$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 42,450 1,500$ 43,950$ (957)$ 42,993$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 650$ 141$ 791$ (791)$ -$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 650$ 141$ 791$ (791)$ -$
Interfund Transfers (743)$ -$ (743)$ 89$ (654)$
Total Appropriation 42,357 1,641$ 43,998$ (1,659)$ 42,339$
Unappropriated Reserves -$ -$ -$ -$ -$
Food Service Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 22$ -$ 22$ -$ 22$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support 902$ -$ 902$ -$ 902$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 902$ -$ 902$ -$ 902$
Expense
Employee Salaries 72$ -$ 72$ (5)$ 67$
Employee Benefits 19$ -$ 19$ 3$ 22$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials 629$ -$ 629$ 34$ 662$
Purchased Services 204$ -$ 204$ (31)$ 173$
Property -$ -$ -$ -$ -$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses -$ -$ -$ -$ -$
Site Assigned Reserves -$ -$ -$ -$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 923 -$ 923$ 1$ 924$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 1$ -$ 1$ (1)$ -$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 1$ -$ 1$ (1)$ -$
Interfund Transfers -$ -$ -$ -$ -$
Total Appropriation 924 -$ 924$ 0$ 924$
Unappropriated Reserves 0$ -$ 0$ (0)$ -$
Warehouse/Reproduction Internal Service Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 7,620$ -$ 7,620$ -$ 7,620$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support 2,172$ -$ 2,172$ -$ 2,172$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue 2,172$ -$ 2,172$ -$ 2,172$
Expense
Employee Salaries -$ -$ -$ -$ -$
Employee Benefits 2,380$ -$ 2,380$ -$ 2,380$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials -$ -$ -$ -$ -$
Purchased Services -$ -$ -$ -$ -$
Property -$ -$ -$ -$ -$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses -$ -$ -$ -$ -$
Site Assigned Reserves -$ -$ -$ -$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 2,380 -$ 2,380$ -$ 2,380$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves 7,412$ -$ 7,412$ -$ 7,412$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves 7,412$ -$ 7,412$ -$ 7,412$
Interfund Transfers -$ -$ -$ -$ -$
Total Appropriation 9,792 -$ 9,792$ -$ 9,792$
Unappropriated Reserves -$ -$ -$ -$ -$
Private Purpose Trust Fund
Adjustments Adjustments
2FY16-17 FY16-17 FY17-18
Adopted Amended Proposed
Unaudited ($'s in Thousands) Budget Budget Budget
Beginning Balance 129$ -$ 129$ -$ 129$
Revenue
Property Taxes -$ -$ -$ -$ -$
State Categorical -$ -$ -$ -$ -$
State Equalization -$ -$ -$ -$ -$
Specific Ownership Taxes -$ -$ -$ -$ -$
Federal Revenue -$ -$ -$ -$ -$
Other Local Support -$ -$ -$ -$ -$
Charter School Capital Construction -$ -$ -$ -$ -$
Other Miscellaneous -$ -$ -$ -$ -$
Total Revenue -$ -$ -$ -$ -$
Expense
Employee Salaries -$ -$ -$ -$ -$
Employee Benefits -$ -$ -$ -$ -$
Charter Schools -$ -$ -$ -$ -$
Supplies & Materials 129$ -$ 129$ -$ 129$
Purchased Services -$ -$ -$ -$ -$
Property -$ -$ -$ -$ -$
Debt Service Interest -$ -$ -$ -$ -$
Debt Service Principal -$ -$ -$ -$ -$
Other Expenses -$ -$ -$ -$ -$
Site Assigned Reserves -$ -$ -$ -$ -$
School Location/Relocation Support -$ -$ -$ -$ -$
School Carry Forward -$ -$ -$ -$ -$
Unassigned Teacher -$ -$ -$ -$ -$
Total Expense 129 -$ 129$ -$ 129$
Appropriated Reserves
Restricted – TABOR Reserves -$ -$ -$ -$ -$
Assigned Reserves -$ -$ -$ -$ -$
General Contingency -$ -$ -$ -$ -$
CDE Audit -$ -$ -$ -$ -$
Utilities -$ -$ -$ -$ -$
School Location/Relocation Support Reserves -$ -$ -$ -$ -$
Unassigned Teacher Reserves -$ -$ -$ -$ -$
Risk Fund Reserves -$ -$ -$ -$ -$
Additional Student Supports -$ -$ -$ -$ -$
Total Approriated Reserves -$ -$ -$ -$ -$
Interfund Transfers -$ -$ -$ -$ -$
Total Appropriation 129 -$ 129$ -$ 129$
Unappropriated Reserves -$ -$ -$ -$ -$
Governmental Permanent Fund
Adjustments Adjustments