Budget Report - 2019-20 · 1 Adams 14 Adopted Budget Adams County School District 14 5291 East 60th...

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Adams 14

Adopted Budget

Adams County School District 14 5291 East 60th Avenue Commerce City, CO 80022

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RESOLUTION NUMBER 19‐007

BOARD OF EDUCATION

ADAMS COUNTY SCHOOL DISTRICT 14

APPRORIATION RESOLUTION

WHEREAS: The Board of Education and the administrative staff of Adams County School District 14

of Adams County and the State of Colorado has duly adopted official budgets for the

ensuing fiscal year beginning July 1, 2019, and ending June 30, 2020, as required by law;

and

WHEREAS: said Board of Education will adopt in December 2019, a resolution certifying the mill

levy rates, which will identify the amount of money to collect from ad valorem property

taxes in 2020; and

WHEREAS: Colorado Revised State Statue 22‐44‐110 provides that after the adoption of the budget

the Board of Education may review and change the budget, with respect to both

revenues and expenditures, at any time prior to January 31 of the fiscal year for which

the budget was adopted; and

WHEREAS: said Board of Education is required by law to adopt a resolution appropriating the

monies to be expended during such ensuing fiscal year in each fund.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF EDUCATION OF ADAMS COUNTY

SCHOOL DISTRICCT 14 IN ADAMS COUNTY AND THE STATE OF COLORADO that the amounts in

the following schedule be appropriated to each fund as specified in the “Adopted Budget” for the

ensuing fiscal year beginning July 1, 2019, and ending June 30, 2020.

General Fund 72,031,565$ General Fund - Reserves 18,155,329 Total General Fund 90,186,894 General Fund -Risk Sub Reserve 2,270,031 Government Designated Purpose Grants Fund 12,928,169 Nutrition Services Fund 3,632,625 Athletic & Student Activities Special Fund 1,208,008 Fee Supported Fund 490,743 Bond Redemption Fund 6,487,106 COP Debt Service Fund 489,351 Capital Reserve Fund: Capital Projects 2,539,288 Building Fund 33,212,541 Total Capital Reserve Fund 35,751,829 Total Appropriations All Funds 153,444,756

ATTEST: _________________________

__________________________

President, Board of Education

Secretary, Board of Education

DATE: June 25, 2019

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Adams County School district 14

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GOVERNMENTAL FUNDS

Most governmental functions are typically financed through these

funds. The funds included in this category are:

General Fund

Special Revenue Funds

o Nutrition Services

o Grants Fund

o Student Athletic

o Fee Supported Fund

Debt Service Fund

o Bond Redemption

Capital Projects Fund

o Capital Reserve Fund

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GENERAL FUND

As the Districts major operating fund, The General Fund accounts for

ordinary operating expenditures financed by property taxes, state

equalization payments, service charges and other resources.

The fund includes all resources and expenditures not legally or properly

accounted for in other funds. The General Fund balance is available to

the District for any purpose provided it is expanded or transferred

according to Colorado Revised Statutes. It is the most significant fund in

relation to the District’s overall operation.

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Adams County School District 14 Analysis of Ending Fund Balance

As of April 30, 2019

Beginning Fund Balance June 1, 2018

Nonspendable Fund Balance - Inventory 1,596,254$

TABOR Reserve 2,439,416

Restriced for Self Insurance 5,118,689

Contingency - 5% per Board Policy 3,161,602

Carryover Colorado Preschool Program 205,768

Undesignated 8,666,254

Total Beginning Fund Balance 21,187,983$

Estimated 18‐19 Revenues 64,297,424

Estimated 18‐19 Expenditures 67,330,078

Change in Fund Balance (3,032,654)

Estimated Ending Fund Balance June 30, 2019

Nonspendable Fund Balance - Inventory 120,000

TABOR Reserve 2,439,416

Restriced for Self Insurance 4,000,000

Contingency - 5% per Board Policy 3,366,504

Carryover ‐

Colorado Preschool Program 270,000

Unassigned 7,959,409$

18,155,329$

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Adams County School District 14GENERAL FUND

Schedule of Revenue, Expenditures and Fund ReserveFiscal Year 2015-2016 - 2019-2020

2015-2016 2016-2017 2017-2018 2018-2019 2019-2020Actual Actual Actual Est. Actual Proposed Budget

BEGINNING FUND BALANCE 9,212,854 13,846,677$ 17,370,810$ 21,187,983$ 18,155,329$

LOCAL SUPPORTProperty Taxes Current 22,145,989 21,126,181 23,052,471 23,031,797 25,007,569 Specific Ownership Tax 2,419,465 2,469,691 2,678,093 2,540,273 2,589,482 Other Local 670,127 649,794 921,159 707,116 733,750 STATE SUPPORTNet State Equalization 35,394,708 35,987,629 34,244,963 33,447,423 36,316,409 State Categorical 2,754,365 2,447,014 2,466,276 2,345,511 2,544,076 FEDERAL SUPPORT Federal Revenue 2,660,849 3,105,282 2,934,979 2,886,653 2,850,000 OTHER SUPPORT Tuition & Fees 93,506 - - - - Transfer out to Other Funds (684,200) (1,020,000) (895,000) (1,061,349) (1,434,000) Earnings on Investments 33,948 130,726 289,603 400,000 525,000 TOTAL REVENUE 65,488,757 64,896,317 65,692,545 64,297,424 69,132,286

TOTAL AVAILABLE RESOURCES 74,701,611 78,742,994 83,063,355 85,485,407 87,287,615

EXPENDITURES Employee Salaries 40,752,460 39,908,730 40,228,933 42,706,114 44,918,131 Employee Benefits 12,125,359 12,229,634 12,468,711 13,262,717 13,950,509 Purchased Services 3,833,558 2,337,552 1,980,280 3,175,091 2,840,676 Purchased Services - EMO - - - - 2,900,000 Supplies & Materials 1,728,712 4,253,827 3,075,461 3,382,664 4,278,224 Utilities 1,630,051 1,868,016 1,874,065 1,994,020 2,054,818 Property & Equipment 660,431 639,345 1,080,525 473,221 367,848 Other Expenditures 124,363 135,080 1,124,043 2,336,251 721,359 TOTAL EXPENDITURES 60,854,934 61,372,184 61,832,018 67,330,078 72,031,565

RESERVES DESIGNATED Nonspendable Fund Balance - Inventory 170,345 315,129 1,596,254 120,000 120,000 TABOR Reserve 2,553,486 2,297,229 2,439,416 2,439,416 2,439,416 Restricted for Self Insurance - 4,000,000 5,118,689 4,000,000 4,000,000 Contingency - 5% per Board Policy 3,626,251 3,068,609 3,161,602 3,366,504 3,601,578 Carryover - - - - - Colorado Preschool Program 58,827 243,827 205,768 270,000 270,000 Undesignated 7,437,768 7,446,016 8,666,254 7,959,409 4,825,056 TOTAL RESERVES 13,846,677$ 17,370,810$ 21,187,983$ 18,155,329$ 15,256,050$

TOTAL APPROPRIATION 60,854,934$ 64,896,317$ 65,692,545$ 64,297,424$ 69,132,286$

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Summary of RevenueFiscal Year 2015-2016 To 2019-2020

Audited Revenues

2015-2016 2016-17 2017-18DESCRIPTION Actual Actual Actual

LOCAL SOURCES1110 Property Taxes Current 17,668,003$ 16,236,181$ 18,077,752$ 1110 Property Taxes Override (Referendum) 4,890,000 4,890,000 4,890,000 1141 Property Taxes Abatement Levy (412,014) 26,219 84,719

Total Property Tax Revenue 22,145,989 21,152,400 23,052,471

1120 Specific Ownership Tax - In Formula 1,209,733 1,234,846 1,778,093 1120 Specific Ownership Tax - Not in Formula 1,209,732 1,234,846 900,000 1310 Preschool Tuition 93,506 - - 1510 Investment Interest 33,948 130,726 289,603 1851 Charter School Services - - - 1900 E-Rate Revenue 65,526 44,253 32,569 1900 Facility Usage - - - 1900 Miscellaneous Revenue 109,212 132,509 207,284 1930 Sale of Fixed Assets - - - 1972 Grant Indirect Costs 436,507 391,873 617,696 1972 Nutrition Services - Indirect Cost - - - 2050 Payments in Lieu of Taxes 58,882 54,941 63,610

TOTAL LOCAL REVENUE SOURCES 25,363,035 24,376,394 26,941,326

STATE SOURCES3110 Revenue State Equalization 38,469,708 38,762,629 38,169,963

Less: Allocation to Capital Reserve and Risk Mgmt. (3,075,000) (2,775,000) (3,925,000) 3110 Net State Equalization 35,394,708 35,987,629 34,244,963

3120 Career & Technical Education 221,264 89,792 186,205 3130 ECEA 1,532,900 1,438,929 1,376,745 3140 ELPA 504,377 460,537 443,939 3160 Transportation 495,824 457,755 459,387

TOTAL STATE REVENUE SOURCES 38,149,073 38,434,642 36,711,239

FEDERAL SOURCES4000 Impact Aid Public Law 874 2,660,849 3,105,282 2,934,979 4000 Department of Defense (JROTC) - - - 4020 Food Care Program - Preschool - - -

TOTAL FEDERAL REVENUE SOURCES 2,660,849 3,105,282 2,934,979

SUBSIDIES TO OTHER FUNDS5223 Transfer to Athletics & Activities Fund (575,000) (664,000) (664,000) 5229 Transfer to Fee Supported Fund (109,200) (356,000) (231,000) 5239 Transfer to COP Debt Fund - - -

TOTAL SUBSIDIES TO OTHER FUNDS (684,200) (1,020,000) (895,000)

TOTAL REVENUES 65,488,757$ 64,896,318$ 65,692,545$

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Summary of RevenueFiscal Year 2015-2016 To 2019-2020

Budget2018-19 2019-20Budget Budget DESCRIPTION

LOCAL SOURCES18,111,797$ 20,087,569$ 1110 Property Taxes Current 4,890,000 4,890,000 1110 Property Taxes Override (Referendum)

30,000 30,000 1141 Property Taxes Abatement Levy23,031,797 25,007,569 Total Property Tax Revenue

1,640,273 1,689,482 1120 Specific Ownership Tax - In Formula 900,000 900,000 1120 Specific Ownership Tax - Not in Formula

- - 1310 Preschool Tuition400,000 525,000 1510 Investment Interest

- - 1851 Charter School Services45,000 45,000 1900 E-Rate Revenue

- - 1900 Facility Usage80,000 118,750 1900 Miscellaneous Revenue

- - 1930 Sale of Fixed Assets527,116 515,000 1972 Grant Indirect Costs

- - 1972 Nutrition Services - Indirect Cost55,000 55,000 2050 Payments in Lieu of Taxes

26,679,186 28,855,801 TOTAL LOCAL REVENUE SOURCES

STATE SOURCES39,931,830 39,486,409 3110 Revenue State Equalization (6,484,407) (3,170,000) Less: Allocation to Capital Reserve and Risk Mgmt.33,447,423 36,316,409 3110 Net State Equalization

100,000 100,000 3120 Career & Technical Education1,331,293 1,519,076 3130 ECEA

459,034 450,000 3140 ELPA455,184 475,000 3160 Transportation

35,792,934 38,860,485 TOTAL STATE REVENUE SOURCES

FEDERAL SOURCES2,886,653 2,850,000 4000 Impact Aid Public Law 874

- - 4000 Department of Defense (JROTC)- - 4020 Food Care Program - Preschool

2,886,653 2,850,000 TOTAL FEDERAL REVENUE SOURCES

SUBSIDIES TO OTHER FUNDS(634,000) (674,000) 5223 Transfer to Athletics & Activities Fund(300,000) (270,000) 5229 Transfer to Fee Supported Fund(127,349) (490,000) 5239 Transfer to COP Debt Fund

(1,061,349) (1,434,000) TOTAL SUBSIDIES TO OTHER FUNDS

64,297,424$ 69,132,286$ TOTAL REVENUES

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Adams County School District No 14

GENERAL FUNDSchedule of Resource Changes

Proposed Budget - Fiscal Year 2019-2020

FY 2018-19Amended FY 2018-19 FY 2019-2020

Description Budget Est Actual Change Budget

LOCAL SOURCES1110 Property Taxes Current 18,111,797 18,111,797 1,975,772 20,087,569 1110 Property Taxes Override (Referendum) 4,890,000 4,890,000 - 4,890,000 1141 Property Taxes Abatement Levy 30,000 50,000 (20,000) 30,000

Total Property Tax Revenue 23,031,797 23,051,797 1,955,772 25,007,569 -

1120 Specific Ownership Tax - In Formula 1,640,273 1,640,273 49,209 1,689,482 1120 Specific Ownership Tax - Not in Formula 900,000 900,000 - 900,000 1310 Preschool Tuition - - - 1310 STARS Tuition - - - 1510 Investment Interest 400,000 405,000 120,000 525,000 1900 E-Rate Revenue 45,000 45,000 - 45,000 1900 Facility Usage - - - 1900 Miscellaneous Revenue 80,000 80,000 38,750 118,750 1930 Sale of Fixed Assets - - - 1972 Grant Indirect Costs 527,116 527,116 (12,116) 515,000 1972 Nutrition Services - Indirect Cost - - - - 2050 Payments in Lieu of Taxes 55,000 55,000 - 55,000

TOTAL LOCAL REVENUE SOURCES 26,679,186 26,704,186 2,151,615 28,855,801

STATE SOURCES3110 Revenue State Equalization 39,931,830 39,931,830 (445,421) 39,486,409

Less: Allocation to Capital Reserve and Risk Management (6,484,407) (6,484,407) 3,314,407 (3,170,000) 3110 Net State Equalization 33,447,423 33,447,423 2,868,986 36,316,409

3120 Career & Technical Education 100,000 70,000 30,000 100,000 3130 ECEA 1,331,293 1,331,293 187,783 1,519,076 3140 ELPA 459,034 500,000 (50,000) 450,000 3160 Transportation 455,184 455,184 19,816 475,000

TOTAL STATE REVENUE SOURCES 35,792,934 35,803,900 3,056,585 38,860,485

FEDERAL SOURCES4000 Impact Aid Public Law 874 2,886,653 2,886,653 (36,653) 2,850,000 4000 Department of Defense (JROTC) - - - 4020 Food Care Program - Preschool - - -

TOTAL FEDERAL REVENUE SOURCES 2,886,653 2,886,653 (36,653) 2,850,000

SUBSIDIES TO OTHER FUNDS5200 Transfer to Other Funds (1,061,349) (1,061,349) (372,651) (1,434,000)

TOTAL SUBSIDIES TO OTHER FUNDS (1,061,349) (1,061,349) (372,651) (1,434,000)

TOTAL REVENUES 64,297,424 64,333,390 4,798,896 69,132,286

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GENERAL FUND (continued)

Risk Related Activities Sub Fund

The Risk Management sub‐fund is used to maintain a self‐balancing set

of records for insurance reserve requirements.

Risk sub‐fund appropriations are not included in General Fund

appropriations.

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GENERAL FUND (continued)

RISK MANAGEMENT ACTIVITIES SUB‐FUND

The Risk Management Fund is used to account for the resources to self‐insure a portion of the

Districts liability, property and workers’ compensation insurance needs, and provide overall risk

management activities for the District. Funding is provided for:

Property Insurance

Liability

Workers Compensation

Safety Programs and Training throughout the District

The majority of expenses in this fund are premiums paid to Colorado School District Self

Insurance Pool (CSDSIP) for property liability type insurance. Additionally premiums are paid to

Pinnacol Insurance for Workers Compensation Coverage. Expenditures for the Risk

Management Fund continue to increase as the District continues to resolve liability claims and

as CSDSIP experiences increased costs due to state wide property damage claims. Insurance is

by a transfer from the General Fund.

For Fiscal Year 2019‐20 the General Fund will transfer $1,800,000 into the Risk Management

Fund to cover anticipated expenditures of $2,270,031.

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Adams County School District No. 14

Risk Management - Sub FundSchedule of Revenue, Expenditures and Fund Balance

Fiscal year 2019-2020 Adopted Budget

Audited Expenditures2015-16 2016-17 2017-18Actual Actual Actual

BEGINNING FUND BALANCE 1,393,070$ 605,962$ 728,554$

REVENUES Local Sources Claims Revenue 4,621 88,020 213 Total Revenue 4,621 88,020 213

OTHER FINANCING SOURCES Transfers In 325,000 1,425,000 1,725,000

TOTAL REVENUES AND OTHER FINANCING SOURCES 329,621 1,513,020 1,725,213

TOTAL AVAILABLE RESOURCES 1,722,691 2,118,982 2,453,767

EXPENDITURES Salaries - 91,504 - Benefits - 27,456 - Purchase Services 1,116,729 1,271,468 1,400,028 Supplies and Materials - - - Other Expense - - - Total Expenditures 1,116,729 1,390,428 1,400,028

TOTAL RESOURCES APPROPRIATED 1,116,729 1,390,428 1,400,028

ENDING FUND BALANCE 605,962 728,554 1,053,739

TOTAL APPROPRIATION ANDFUND BALANCE 1,722,691$ 2,118,982$ 2,453,767$

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Adams County School District No. 14Risk Management - Sub Fund

Schedule of Revenue, Expenditures and Fund BalanceFiscal year 2019-2020 Adopted Budget

Budget2018-19 2018-19 2019-20Budget Est. Actual Change Budget

728,554$ 1,053,739$ 202,945$ 931,499$ BEGINNING FUND BALANCE

REVENUES Local Sources

10,000 17,045 - 10,000 Claims Revenue10,000 17,045 - 10,000 Total Revenue

OTHER FINANCING SOURCES1,625,000 1,625,000 175,000 1,800,000 Transfers In

TOTAL REVENUES AND OTHER 1,635,000 1,642,045 175,000 1,810,000 FINANCING SOURCES

2,363,554 2,695,784 377,945 2,741,499 TOTAL AVAILABLE RESOURCES

EXPENDITURES- 26,994 26,994 Salaries- 8,098 8,098 Benefits

1,885,039 1,764,285 349,900 2,234,939 Purchase Services- - - - Supplies and Materials- - - - Other Expense

1,885,039 1,764,285 384,992 2,270,031 Total Expenditures

1,885,039 1,764,285 384,992 2,270,031 TOTAL RESOURCES APPROPRIATED

478,515 931,499 (7,047) 471,468 ENDING FUND BALANCE

TOTAL APPROPRIATION AND2,363,554$ 2,695,784$ 377,945$ 2,741,499$ FUND BALANCE

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SPECIAL REVENUE FUNDS

Special Revenue Funds, other than expendable trusts or funds for major

capital projects, account for the proceeds of specific revenue sources.

Expenditures from these funds are legally restricted to the fund’s

specific purposes.

Nutritional Services

Designated Purpose Grant Funds

Athletic Fund

Fee Supported Fund

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Special Revenue FundsSchedule of Revenue, Expenditures and Fund Balance


Special Revenue FundsNutrition Government Student Athletic FeeServices Designated Purpose Activity Supported Total

BEGINNING FUND BALANCE 738,890$ -$ 95$ 152,155$ 891,140$

REVENUES Local Sources Charges for Services 77,328 - 45,000 177,600 299,928 Student Activites Fundraising - - 488,912 - 488,912 Local Grants - 155,000 - 155,000 State Sources State Grants 82,529 2,146,971 - 2,229,500 Federal Sources Federal Grants 2,807,857 10,626,198 - 13,434,055 Donated Commodities 245,000 - - 245,000 TOTAL REVENUE 3,212,714 12,928,169 533,912 177,600 16,852,395

OTHER FINANCING SOURCES Transfers In - - 974,000 270,000 1,244,000

TOTAL REVENUES AND OTHER FINANCING SOURCES 3,212,714 12,928,169 1,507,912 447,600 18,096,395

TOTAL AVAILABLE RESOURCES 3,951,604 12,928,169 1,508,007 599,755 18,987,535

EXPENDITURES Employee Salaries 1,265,353 4,579,407 350,972 327,618 6,523,350 Employee Benefits 590,004 1,336,736 91,042 91,733.03 2,109,515 Purchased Services 69,650 2,347,348 58,935 53,000 2,528,933 Supplies & Materials 1,658,618 761,770 118,260 86,487 2,625,135 Utilities - - - - - Property & Equipment - 1,555,561 5,000 - 1,560,561 Debt Services - - - - - Non-Instructional Student Activities - - 488,912 - - Other Expenditures 49,000 2,347,348 94,887 (68,095) 2,423,140

TOTAL RESOURCES APPROPRIATED 3,632,625 12,928,169 1,208,008 490,743 17,770,633

ENDING FUND BALANCE 318,979 - 300,000 109,012 727,991

TOTAL APPROPRIATION ANDFUND BALANCE 3,951,604$ 12,928,169$ 1,508,007$ 599,755$ 18,987,535$

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NUTRITIONAL SERVICES FUND

Prior to Fiscal Year 2014‐15, the Food Service Fund used a proprietary (commercial type)

accounting basis that included the charging of depreciation expense. Beginning in Fiscal

Year 2014‐15. Per the Colorado Department of Education (CDE), the Food Service Fund

was designated as a Special Revenue Fund. This fund accounts for all financial activities

associated with the District school breakfast, lunch, snack, summer food service and

fresh fruit and vegetable grant programs. The program operates on a financially self‐

funded basis. Food Service accounts for operations that are financed and operated in a

manner similar to private customers, sets measurable goals, and maintains a philosophy

of customer service in dealing with students, parents, school staff, and the community.

With a Free and Reduced rate over 80 percent the Board of Education believes that

every student will be offered a free breakfast and lunch regardless of their free and

reduced status. The Board of Education believes that for many of our students the meals

they receive at school may be the only meal available to many of our students. The

decision to provide meals to all students has taken a financial burden on the fund, but

the Nutritional Services Fund continues to be self‐supporting. However, with rising food

costs and increased demand from the US Department of Agriculture the Board will

continue monitoring its ability to offer free food for all students in the future. For the

Fiscal Year 2019‐20 the Fund will spend approximately $3,632,625. This is a decrease of

$324,010 over the 2018‐19 budget.

Focus Areas for Food Service

Provide healthy and nutritious meals to enhance student learning.

Continue to focus on operation efficiencies and consistency throughout our 14 Nutrition Programs.

Continue to assist schools to conform and comply with USDA

Reauthorization Acts as they are released and Authorized Personnel in

School Kitchens Superintendent policy.

Provide Opportunities and resources to assist in teaching students healthy behaviors and contribute to the overall learning environment.

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Nutrition Services FundSchedule of Revenue, Expenditures and Fund Balance



BEGINNING FUND BALANCE 557,470$ 733,260$ 927,020$

REVENUES Local Sources Charges for Services 110,499 67,622 110,952 Investment Earnings - - - Loss on Disposal of Capital Assets - - - State Sources State Grants 69,385 69,480 71,505 Federal Sources Federal Reimbursement 3,502,210 3,428,720 3,232,683 Donated Commodities 266,894 219,000 232,168 Contributed Capital - - - TOTAL REVENUE 3,948,988 3,784,822 3,647,308

TOTAL AVAILABLE RESOURCES 4,506,458 4,518,082 4,574,328

EXPENDITURES Salaries 1,311,447 1,296,158 1,216,588 Benefits 437,054 461,293 449,833 Purchased Services 110,435 56,420 59,125 Supplies and Materials 1,900,664 1,767,692 1,784,213 Other Expenses 13,598 9,499 51,340


ENDING FUND BALANCE 733,260 927,020 1,013,229


* Fund Balance was restated as the Nutritional Services Fund was switched from an Enterprise Fund to a Special Revenue Fund

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Nutrition Services FundSchedule of Revenue, Expenditures and Fund Balance


Budget2018-19 2018-19 2019-20Budget Est Actual Change Budget

* 930,202$ 1,013,229$ (274,339)$ 738,890$ BEGINNING FUND BALANCE


214,000 78,906 (1,578) Ne 77,328 Charges for Services- - - - Investment Earnings- - - - Loss on Disposal of Capital Assets

- State Sources67,800 84,213 (1,684) 82,529 State Grants

- Federal Sources2,900,000 2,865,161 (57,304) 2,807,857 Federal Reimbursement

250,000 250,000 (5,000) 245,000 Donated Commodities- - - - Contributed Capital

3,431,800 3,278,280 (65,566) 3,212,714 TOTAL REVENUE

4,362,002 4,291,509 (339,905) 3,951,604 TOTAL AVAILABLE RESOURCES

EXPENDITURES1,337,850 1,225,067 40,286 1,265,353 Salaries

624,315 571,219 18,785 590,004 Benefits70,850 72,469 (2,819) 69,650 Purchased Services

1,880,625 1,658,864 (246) 1,658,618 Supplies and Materials42,995 25,000 24,000 49,000 Other Expenses


405,367 738,890 (419,911) 318,979 ENDING FUND BALANCE

TOTAL APPROPRIATION AND4,362,002$ 4,291,509$ (339,905)$ 3,951,604$ FUND BALANCE

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GOVERNMENT DESIGNATED PURPOSE GRANTS FUND

The Governmental Designated Purpose Grants Fund is provided to maintain a separate

accounting for fully funded federal and state grant programs. These programs are restricted as

to the type of expenditures for which they may be used and normally have a different fiscal

period than that of the district, which may leave some resources available for use in the next

fiscal year. Their grant funds supplement the regular District educational programs.

The total Fiscal Year 2019‐20 Grant Fund Budget of $12.9 million is a decrease of $1.4 million

from last year’s budget.

State Grants

English Language Proficiency Act (ELPA)

The ELPA Program is a categorical program that supports the requirement to provide an

evidence‐based English language proficiency program for all English learners. The ELPA Program

provides funding intended to offset the cost of educating English learners. This goal of the

program is to increase the English language proficiency and academic performance of English

learners. The District records ELPA program dollars (state grant code 3140) in the general fund

and ELPA PD and Student Support (state grant code 3139) in the Grants Fund.

Colorado Reading To Ensure Academic Development Act (READ Act)

The READ Act focuses on early literacy development for all students and especially for students

at risk for not achieving third grade reading proficiency. It focuses on kindergarten through

third grade (K‐3) literacy development, literacy assessment and individual READ plans for

students identified with a significant reading deficiency.

School Counselor Corps Grant Program (SCCGP)

The purpose of this program is to increase the availability of effective school based counseling

within secondary schools and is awarded on a competitive basis to those eligible school district.

Grant funds are also used to increase the level of school counseling services provided to

improve the graduation rate and increase the percentage of students who appropriately

prepare for, apply to and continue into postsecondary education.

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School to Work Alliance Program (SWAP)

The purpose of the SWAP program is to provide a wide range of services designed to help

students with disabilities prepare for and engage in gainful employment consistent with their

strengths, resources, priorities, concerns, abilities, capabilities, interests, and informed choice.

Eligible students are those who have a physical or mental impairment that results in a

substantial impediment to employment, who can benefit from vocational rehabilitation services

for employment and who require these services.

Federal Grants

Carl D. Perkins Career and Technical education Act (Perkins)

Perkins funds are made available to develop more fully the academic, career and technical skills

of secondary and postsecondary students who elect to enroll in CTE programs. Funds assist in

offering programs to develop the academic, vocational, and technical skills of students in high

school. Funds from this program are designed to improve career‐technical education programs

and ensure access to students who are members of populations with special needs.

Individuals with Disabilities Education Act (IDEA)

IDEA Part B and Part C grants represent the federal government’s assistance to local education

institutes in meeting the excess costs of providing special education and related services to

children with disabilities. Funds under this program are combined with state and local funds to

provide a Free Appropriate Public Education (FAPE) to children with disabilities that is tailored

to their individual needs. Children and youth (ages 3‐21) receive special education and related

services under IDEA Part B. Infants and toddlers with disabilities (birth‐2) and their families

receive early intervention services under IDEA Part C.

Medicaid

The Medicaid reimbursement program allows school districts to seek partial reimbursement

from Medicaid for providing qualifying health related services to students. Districts are required

to use reimbursement funds for additional or enhanced health and health related services to all

students. Funds are also used to increase the District’s outreach to uninsured students and

families and to provide assistance with access to health care.

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Title Programs

Title I, Part A: Improving the Academic Achievement of the Disadvantaged

Provides resources to help ensure that all children have the opportunity to receive a quality

education, resulting in their attainment of high academic standards. Title I programs work to

address the needs of a school's lowest performing students and those students found to be at

most risk for not meeting state academic standards.

Title I, Part C: Education of Migratory Children the Migrant Education Program (MEP)

Provides supplemental support to eligible migrant children and youth. The purpose of the

program is to ensure that migratory children are not penalized in any manner by disparities

among curriculum, graduation requirements, academic content and student academic

achievement standards, and ensure that migratory children are provided with appropriate

educational services and opportunities so they can succeed in school and graduate from high

school being postsecondary education or employment ready.

Title II, Part A: Improving Teacher Quality

Provides resources to increase student academic achievement by improving teacher and

principal quality. This includes providing additional professional development to increase the

number of highly qualified teachers in classrooms, improve the skills of principals and assistant

principals in schools, and increase the effectiveness of teachers and principals. Funding also

supports the development and implementation of strategies to recruit, hire, and retain high

quality teachers and principals, as well as providing class size reductions.

Title III, Part A: Language Instruction for Limited English Proficient and Immigrant Student

Designed to improve and enhance the education of English language learners (ELLs) in

becoming proficient in English, as well as meeting challenging state academic content and

student academic achievement standards. Title III also addresses the need for family literacy,

providing English language instruction for parents and preschool‐age children.

Title VI, Part A: Student Support and Academic Enrichment

Intended to help increase the capacity of state agencies and local education agencies to do the

following; Provide all students with well‐rounded education, improve school conditions for

student learning and improve the use of technology in order to improve the academic

achievement and digital literacy of all students.

23


Government Designated Purpose Grants FundSchedule of Revenue, Expenditures and Fund Balance


Federal CFDA 2015-16 2016-17 2017-18Number Actual Actual Budget

BEGINNING FUND BALANCE -$ -$ -$

REVENUES Title I 84.010 2,437,508 2,129,042 2,386,675 Title I - School Improvement 84.010A 89,547 158,060 289,297 Title II Part A - Teacher Quality 84.367 306,062 345,361 407,556 Title III Part A - ELL 84.365 191,000 176,764 324,384 Title IV Part A - Student Support Academic Enrichmen 84.424 Title VI-B - Special Education 84.027 1,448,317 1,015,837 1,648,725 Title X - McKinney Vento 84.196A 38,864 22,683 28,067 Tiered Intervention 87.377 467,541 81,307 80,000 Fresh Fruit & Vegetable 10.582 159,599 125,076 180,200 Adult Education - EL Civics 84.002 285,510 297,297 583,559 Vocation Education 84.048 56,677 65,064 73,129 Rehabilitation Services - Vocational 84.126 286,524 Graduation Pathways 84.360A 9,984 - - Math and Science Partnership 84.366 - - - 21st Century After School Learning 84.287C 579,569 569,188 - Race to the Top 84.413A 5,459 4,846 Other Federal Grants N/A 884,065 1,009,251 1,461,339 Middle School Counselor Corp N/A 36,636 81,140 81,400 BEST Capital Construction - Non COP N/A - 1,116,382 1,305,862 Colorado READ Act N/A 532,091 537,895 895,484 ELPA N/A 800,207 583,507 905,537 Rehabilitation Services - Vocational N/A 281,880 313,994 Other State & Local Grants N/A 545,987 423,290 665,566 Future Grants N/A - - TOTAL REVENUES 9,161,147 9,019,023 11,635,619

Audit Expenditures

24




Budget2018-19 2018-19 2019-20 Budget Est Actual Change Budget

-$ -$ -$ -$ BEGINNING FUND BALANCE

REVENUES2,359,031 2,194,500 (259,031) 2,100,000 Title I

200,000 6,982 472,500 672,500 Title I - School Improvement391,732 438,000 (67,732) 324,000 Title II Part A - Teacher Quality382,829 350,000 (117,829) 265,000 Title III Part A - ELL

- 33,000 - 282,000 Title IV Part A - Student Support Academic Enr1,015,837 1,505,000 534,163 1,550,000 Title VI-B - Special Education

38,864 24,000 (10,864) 28,000 Title X - McKinney Vento- - - - Tiered Intervention

200,000 178,050 (21,950) 178,050 Fresh Fruit & Vegetable285,510 630,000 358,877 644,387 Adult Education - EL Civics

56,677 78,000 25,584 82,261 Vocation Education- - - - Rehabilitation Services - Vocational- - - - Graduation Pathways- - - - Math and Science Partnership- - - - 21st Century After School Learning

4,846 - (4,846) - Race to the Top2,500,000 1,220,000 - 2,500,000 Other Federal Grants

80,000 86,000 (80,000) - Middle School Counselor Corp1,000,000 - (1,000,000) - BEST Capital Construction - Non COP1,009,029 930,000 (394,029) 615,000 Colorado READ Act

914,081 810,000 (256,081) 658,000 ELPA305,690 285,000 (51,719) 253,971 Rehabilitation Services - Vocational775,000 420,000 - 775,000 Other State & Local Grants

2,000,000 - - 2,000,000 Future Grants13,519,126 9,188,532 (872,957) 12,928,169 TOTAL REVENUES

13,519,126 9,188,532 (872,957) 12,928,169 TOTAL AVAILABLE RESOURCES

25




Federal CFDA 2015-16 2016-17 2017-18Number Actual Actual Actual

Audit Expenditures

EXPENDITURES Title I 84.010 2,437,508 2,129,042 2,288,127 Title I - School Improvement 84.010A 89,547 158,060 289,297 Title II Part A - Teacher Quality 84.367 306,062 345,361 310,483 Title III Part A - ELL 84.365 191,000 176,764 178,146 Title IV Part A - Student Support Academic Enrichmen 84.424 12,656 Title VI-B - Special Education 84.027 1,448,317 1,015,837 1,513,030 Title X - McKinney Vento 84.196A 38,864 22,683 26,331 Tiered Intervention 87.377 467,541 81,307 80,000 Fresh Fruit & Vegetable 10.582 159,599 125,076 175,269 Adult Education - EL Civics 84.002 285,510 297,297 563,426 Vocation Education 84.048 56,677 65,064 67,010 Rehabilitation Services - Vocational 84.126 286,524 - Graduation Pathways 84.360A 9,984 - - Math and Science Partnership 84.366 - - - 21st Century After School Learning 84.287C 579,569 569,188 - Race to the Top 84.413A 5,459 4,846 Other Federal Grants N/A 884,065 1,009,251 1,280,333 Middle School Counselor Corp N/A 36,636 81,140 81,400 BEST Capital Construction N/A - 1,116,382 183,888 Colorado READ Act N/A 532,091 537,895 895,484 ELPA N/A 800,207 583,507 905,537 Rehabilitation Services - Vocational N/A 281,880 313,994 Other State & Local Grants N/A 545,987 423,290 389,966 Future Grants N/A - - TOTAL RESOURCES APPROPRIATED 9,161,147 9,019,023 9,559,223

ENDING FUND BALANCE - - -


26




Budget2018-19 2018-19 2019-20 Budget Est Actual Change Budget

EXPENDITURES2,359,031 2,194,500 (259,031) 2,100,000 Title I

200,000 6,982 472,500 672,500 Title I - School Improvement391,732 438,000 (67,732) 324,000 Title II Part A - Teacher Quality382,829 350,000 (117,829) 265,000 Title III Part A - ELL

33,000 282,000 Title IV Part A - Student Support Academic Enr1,015,837 1,505,000 534,163 1,550,000 Title VI-B - Special Education

38,864 24,000 (10,864) 28,000 Title X - McKinney Vento- - - - Tiered Intervention

200,000 178,050 (21,950) 178,050 Fresh Fruit & Vegetable285,510 630,000 358,877 644,387 Adult Education - EL Civics56,677 78,000 25,584 82,261 Vocation Education

- Rehabilitation Services - Vocational- - - - Graduation Pathways- - - - Math and Science Partnership- - - - 21st Century After School Learning

4,846 (4,846) - Race to the Top2,500,000 1,220,000 - 2,500,000 Other Federal Grants

80,000 86,000 (80,000) - Middle School Counselor Corp1,000,000 (1,000,000) BEST Capital Construction1,009,029 930,000 (394,029) 615,000 Colorado READ Act

914,081 810,000 (256,081) 658,000 ELPA305,690 285,000 (51,719) 253,971 Rehabilitation Services - Vocational775,000 420,000 - 775,000 Other State & Local Grants

2,000,000 - - 2,000,000 Future Grants13,519,126 9,188,532 (872,957) 12,928,169 TOTAL RESOURCES APPROPRIATED

- - - - ENDING FUND BALANCE

27

INTERSCHOLASTIC ATHLETIC FUND

The Interscholastic Athletic Fund provides the funding for the day‐to‐day operation of high

school and middle school athletic programs. The Colorado high School Activities and Athletics

Association (CHSAA) sanction athletic sports for all schools in Colorado.

Currently, the District offers approximately sixteen sporting opportunities for the students. High

school students are charged an athletic fee. For Fiscal Year 2019‐2020, the fee is $35.00 per

sport. This rate did not change from the 2018‐19 fiscal year. Revenue is also generated from

gate receipts at athletic events.

Financial support for a portion of student athlete transportation, athletic uniforms, materials

and supplies, equipment, facility maintenance, game officials, game workers, student athlete

awards, and League and State membership dues are all provided by the general fund.

In Fiscal Year 2019‐2020, the Athletic Fund transfer in from the General Fund will remain at

$634,000 and will be joined by a transfer from the Fund 74 Student Activities Fund of

approximately $300,000 and total revenues are projected to remain comparable to last year.

The transfer from the Fiduciary Fund Student Activities is required to be in compliance with

recently issued accounting guidance from the Governmental Accounting Standards

Board(GASB) issued in GASB 84, given the District’s level of involvement in the fund.

Expenditures are anticipated to decrease slightly from the prior year budget, largely as a result

of declining enrollment.

Focus Area for the Athletic Fund

The Athletic Program provides students with the opportunity to participate in healthy,

wholesome and safe student activities that promote fair play and rewards hard work in

a supervised competitive environment.

Participation in athletic programs provides students with a sense of belonging and

ownership in their school and community.

Research has shown that participants in co‐curricular activities, like athletics, have

higher grade point averages, better attendance in school, higher graduation rates, and

better standardized test scores than students who do not participate in extra school

activities.

28

Adams County School District No. 14Interscholastic Athletic Fund



BEGINNING FUND BALANCE -$ 5,578$ 61,983$

REVENUES Local Sources Student Activities Fundraising - - - Gate Admissions 15,374 19,638 26,067 Student Fees 25,854 17,729 18,881 Total Revenue 41,228 37,367 44,948

OTHER FINANCING SOURCES Transfers In - Fund 74 - - - Transfers In 575,000 664,000 664,000 Total Other Financing Sources 575,000 664,000 664,000

TOTAL REVENUES AND OTHER FINANCING SOURCES 616,228 701,367 708,948

TOTAL AVAILABLE RESOURCES 616,228 706,945 770,931

EXPENDITURES Instructional Services Classified Salaries & Benefits 445,969 434,719 471,266 Purchased Services 24,030 61,041 37,959 Supplies & Materials 33,422 40,625 72,973 Capital Outlay 9,092 14,870 12,973 Other Expenses 98,137 93,707 91,892 Non-Instructional Services Purchased Services - - - Supplies & Materials - - - Other Expenses - - -

TOTAL RESOURCES APPROPRIATED 610,650 644,962 687,063

ENDING FUND BALANCE 5,578 61,983 83,868

TOTAL APPROPRIATION ANDFUND BALANCE 616,228$ 706,945$ 770,931$

29

Adams County School District No. 14Interscholastic Athletic Fund



83,868$ 83,868$ (83,773)$ 95$ BEGINNING FUND BALANCE


- - 488,912 488,912 Student Activities Fundraising20,000 18,159 - 20,000 Gate Admissions25,000 20,294 - 25,000 Student Fees45,000 38,453 - 533,912 Total Revenue

OTHER FINANCING SOURCES- - 300,000 300,000 Transfers In - Fund 74

634,000 634,000 40,000 674,000 Transfers In634,000 634,000 340,000 974,000 Total Other Financing Sources

TOTAL REVENUES AND OTHER 679,000 672,453 40,000 1,507,912 FINANCING SOURCES

762,868 756,321 (43,773) 1,508,007 TOTAL AVAILABLE RESOURCES

EXPENDITURES Instructional Services

475,284 468,284 (33,270) 442,014 Classified Salaries & Benefits73,070 73,070 (14,135) 58,935 Purchased Services84,150 84,150 34,110 118,260 Supplies & Materials20,000 20,000 (15,000) 5,000 Capital Outlay

110,722 110,722 (15,835) 94,887 Other Expenses Non-Instructional Services

- - 70,000 70,000 Purchased Services- - 350,000 350,000 Supplies & Materials- - 68,912 68,912 Other Expenses

763,226 756,226 444,782 1,208,008 TOTAL RESOURCES APPROPRIATED

(358) 95 (488,554) 300,000 ENDING FUND BALANCE

TOTAL APPROPRIATION AND762,868$ 756,321$ (43,773)$ 1,508,007$ FUND BALANCE

30

FEE SUPPORTED FUND

The Fee Supported Fund was created to account for the Adult Education operations, District’s

internal print shop, community facility use of buildings and grounds and the Before and After

School Day‐Care Program.

The Adult Education Program provides both day and evening courses for adults who want to

acquire or enhance their English language skills.

The District’s internal print shop provides services for both internal and external customers and

charges for their services.

The community facility use of buildings and grounds accounts for fees of external usage (rental)

of school buildings and grounds.

31

Adams County School District No. 14Fee Supported Fund



BEGINNING FUND BALANCE 104,230$ 96,473$ 178,796$

REVENUES Local Sources Tuition and Fees - Adult Education 22,843 31,306 31,760 Outside Printing - Printshop 14,933 2,434 9,326 Facility Use Fee 73,506 26,637 64,420 Before/After School Fees 128,915 177,211 115,956 Instructional Fee 8,503 13,413 12,064 Other Charges 389 - - Tuition and Fees - LAHS Child Care - 6,691 20,510 Investment Earnings - - - TOTAL REVENUE 249,089 257,692 254,036

OTHER FINANCING SOURCES Transfers In - Adult Education 80,200 180,000 30,000 Transfers In - Before and After Transfers In - Printshop 29,000 30,000 46,000 Transfer In - LAHS Child Care - 146,000 145,000 Transfers Out - Facility Use - - TOTAL OTHER FINANCING SOURCES 109,200 355,000 221,000

TOTAL REVENUES AND OTHER FINANCING SOURCES 358,289 612,692 475,036

TOTAL AVAILABLE RESOURCES 462,519 712,845 653,832

EXPENDITURES Salaries and Benefits - Adult Education 187,756 139,914 133,221 Salaries and Benefits - Printshop 42,356 41,131 42,075 Salaries and Benefits - Facility Use 8,024 8,897 15,135 Salaries and Benefits - Daycare 115,016 132,229 130,196 Salaries and Benefits - LAHS Child Care - 147,622 139,542 Purchased Services - Adult Education 838 9,982 980 Purchased Services - Printshop 32,696 31,718 20,748 Purchased Services - Facility Use 1,586 8,564 11,904 Purchased Services - Daycare - - - Purchased Services - LAHS Child Care 342 40 - Supplies and Materials - Adult Education 6,535 5,932 15,335 Supplies and Materials - LAHS Child Care 5,767 4,284 5,427 Supplies and Materials - Printshop 965 10,160 6,790 Supplies and Materials - Facility Use - 25,800 7,812 Supplies and Materials - Daycare - - - Supplies and Materials - Monaco 8,503 7,578 7,800 Other Expense - Adult Education - - 598 Other Expense - Daycare - 1,011 1,211 Other Expense - LAHS Child Care 205 155 232 Other Expense - Printshop (44,543) (43,646) (43,946)

TOTAL RESOURCES APPROPRIATED 366,046 531,369 495,060

ENDING FUND BALANCE 96,473 181,476 158,772

TOTAL APPROPRIATION ANDFUND BALANCE 462,519$ 712,845$ 653,832$

32


Fee Supported FundSchedule of Revenue, Expenditures and Fund Balance



167,586$ 158,772$ (15,431)$ 152,155$ BEGINNING FUND BALANCE


32,000 38,454 6,000 38,000 Tuition and Fees - Adult Education9,000 7,432 (1,500) 7,500 Outside Printing - Printshop

50,000 51,002 - 50,000 Facility Use Fee123,500 73,670 (72,000) 51,500 Before/After School Fees

7,100 5,680 (1,500) 5,600 Instructional Fee - 76 - - Other Charges

15,000 26,818 10,000 25,000 Tuition and Fees - LAHS Child Care- - - - Investment Earnings

236,600 203,132 (59,000) 177,600 TOTAL REVENUE

OTHER FINANCING SOURCES155,000 155,000 (50,000) 105,000 Transfers In - Adult Education

10,000 10,000 40,000 Transfers In - Before and After- - 20,000 20,000 Transfers In - Printshop

135,000 135,000 (30,000) 105,000 Transfer In - LAHS Child Care- Transfers Out - Facility Use

300,000 300,000 (60,000) 270,000 TOTAL OTHER FINANCING SOURCES

TOTAL REVENUES AND OTHER 536,600 503,132 (119,000) 447,600 FINANCING SOURCES

704,186 661,904 39,772 599,755 TOTAL AVAILABLE RESOURCES

EXPENDITURES135,862 132,335 (24,023) 111,839 Salaries and Benefits - Adult Education

42,800 43,592 12,450 55,250 Salaries and Benefits - Printshop15,815 13,313 (3,680) 12,135 Salaries and Benefits - Facility Use

107,085 121,483 (22,848) 84,237 Salaries and Benefits - Daycare148,150 130,248 7,740 155,890 Salaries and Benefits - LAHS Child Care

5,000 3,031 9,000 14,000 Purchased Services - Adult Education30,000 29,044 - 30,000 Purchased Services - Printshop20,000 17,546 (11,000) 9,000 Purchased Services - Facility Use

3,000 - (3,000) - Purchased Services - Daycare- - - Purchased Services - LAHS Child Care

22,000 35,275 (12,000) 10,000 Supplies and Materials - Adult Education11,000 11,086 - 11,000 Supplies and Materials - LAHS Child Care15,000 29,278 5,000 20,000 Supplies and Materials - Printshop15,000 - 24,387 39,387 Supplies and Materials - Facility Use

1,500 1,189 (1,000) 500 Supplies and Materials - Daycare7,100 5,680 (1,500) 5,600 Supplies and Materials - Monaco5,805 389 - 5,805 Other Expense - Adult Education6,000 216 (5,600) 400 Other Expense - Daycare

500 645 200 700 Other Expense - LAHS Child Care(50,000) (64,601) (25,000) (75,000) Other Expense - Printshop

541,617 509,749 (50,874) 490,743 TOTAL RESOURCES APPROPRIATED

162,569 152,155 90,646 109,012 ENDING FUND BALANCE

TOTAL APPROPRIATION AND704,186$ 661,904$ 39,772$ 599,755$ FUND BALANCE

33

DEBT SERVICE FUNDS

Debt Service Funds account for the accumulation of resources and payment of

long term debt used to finance governmental activities capital construction and

acquisition.

Bond Redemption Fund The Bond Redemption Fund is used to finance and account for payment of

principal and interest on all long term debt of the district per C.R.S. 22‐45‐103(b).

COP Fund The COP(Certificates of Participation) Fund is used to finance and account for

payment of principal and interest on all COP debt of the district per C.R.S. 22‐45‐

103(1)(b)(I) and C.R.S. 22‐45‐103(1)(b)(III)

34

Adams County School District 14

Bond Redemption Fund

Current Debt Obligation Details

The Series 2013 General Obligation Bonds dated March 11, 2014, were issued for a total of

$62,245,000 to refinance the Series 2006 General Obligation Bonds dated December 21, 2006.

Principal payments are due annually beginning on December 1, 2013, through 2031. Interest

payments are due semi‐annually on June 1st and December 1st, with interest accruing at rates

ranging from 2.0% to 5.25%.

Advance Refunding

On March 11, 2013, the District issued $62,245,000 of General Obligation Refunding Bonds,

Series 2013, with interest rates ranging from 2.000% to 5.250% to refund a portion of the

District’s outstanding General Obligation, Series 2006 bonds. The net proceeds of $70,978,155

(including $552,630 for registered coupons issued, after issuance costs of $541,451, plus

premium of $8,721,976) were used to advance refund a portion of the Series 2006 bonds with a

total principal amount of $60,130,000 with interest rates ranging from 4.000% to 5.125%.

On April 1, 2015, the District refinanced their series 2007 and 2008 General Obligation Bonds,

Series 2015, with interest rates ranging from 2.000% to 5.000%. The net proceeds of

35


Bond Redemption Fund

Debt Service Details (continued)

$13,575,423 were used to advance refund the a portion of the Series 2007 and Series 2008

bonds with a total principal amount of $11,590,000 with interest rates ranging from 4.000% to

5.250%. The net proceeds were used to purchase U.S. government securities. Those securities

were deposited into an irrevocable trust with an escrow agent to provide for future debt

service payments on the refunded bonds. As a result, the refundable bonds are considered to

be deceased, and the related liability for the bonds has been removed from the District’s

liabilities.

The advance refunding’s were done in order to reduce total debt payments. The refunding

decreased the District’s total debt service payments by approximately $4.0 million and $1.6

million respectively.

For tax purposes primary residential property is assessed at 7.96% of its fair market value. All

other taxable property is assessed at 29.00% of its fair market value. Per Colorado Revised

Statutes (CRS), the legal general obligation bonded debt is restricted by applying one of three

tests determine the legal debt margin for Colorado school districts. The three tests are as

follows:

Standard Test ‐ 20% of assess property valuation.

Fast Growing District Test ‐ 25% of assessed property valuation, it the district qualifies

as a “Fast Growing” school district.

o Adams County School District 14 does not qualify as a fast growing district.

Market Value Test ‐ 6% of market value.

o Please note that the courts have not adjudicated this test to be compliant with

the Taxpayers Bill of Rights (TABOR). This test yields a higher debt limit.

o Using the Standard Test the District’s estimated unused legal debt capacity for

fiscal year 2017‐2018 is $58,891,145, or 37.09% of the legal debt limit available

per the standard test the District utilizes.

36


Bond Redemption FundSchedule of Revenue, Expenditures and Fund Balance


2015-16 2016-17 2017-18Actual Actual Actual

BEGINNING FUND BALANCE 5,851,983$ 4,998,817 5,652,767$

REVENUES Local Sources Property Taxes Current 6,542,074 6,089,454 6,608,733 Investment Income 8,423 24,813 57,454 Payments in Lieu of Taxes 43,018 45,389 47,576 TOTAL REVENUE 6,593,515 6,159,656 6,713,763

OTHER FINANING SOURCES Refund Bonds Issued - - - Issuance Bond Premium - - - TOTAL OTHER FINANCING SOURCES - - -

TOTAL REVENUE AND OTHER FINANCING SOURCES 6,593,515 6,159,656 6,713,763

TOTAL RESOURCES AVAILABLE 12,445,498 11,158,473 12,366,530

EXPENDITURES Principal Retirement 2004 Refinanced G.O. Bonds 2,000,000 1,200,000 - 2006A G.O. Bonds 100,000 1,085,000 - 2008A G.O. Bonds 110,000 115,000 115,000 2013A G.O. Bonds - - 2,510,000 2015A G.O. Bonds 2,000,000 - - Total Principal Retirement 4,210,000 2,400,000 2,625,000 Interest Payments 2004 Refinanced G.O. Bonds 104,000 27,000 - 2006A G.O. Bonds 58,250 27,125 - 2008A G.O. Bonds 9,400 6,900 2,300 2013A G.O. Bonds 2,563,431 2,563,431 2,538,331 2015A G.O. Bonds 499,500 479,500 479,500 Total Interest Payments 3,234,581 3,103,956 3,020,131 Bond Issuance Cost - - Bond Trustee Agent Fee 2,100 1,750 725 TOTAL EXPENDITURES 7,446,681 5,505,706 5,645,856

OTHER FINANCING USES Payment of Refunded Bond Escrow Agent - - - TOTAL OTHER FINANCING USES - - -


ENDING FUND BALANCE - RESTRICTED 4,998,817 5,652,767 6,720,674

Assessed Valuation 640,714,560 637,604,680 725,699,790

Mill Levy 9.681 9.6810 9.057

Audited Expenditures

37


Bond Redemption FundSchedule of Revenue, Expenditures and Fund Balance


2018-19 2019-20Budget Change Budget

6,720,674$ 150,000$ 6,870,674$ BEGINNING FUND BALANCE


6,572,731 (300,949) 6,271,782 Property Taxes Current20,000 50,000 70,000 Investment Income43,000 2,000 45,000 Payments in Lieu of Taxes

6,635,731 (248,949) 6,386,782 TOTAL REVENUE

OTHER FINANING SOURCES- - - Refund Bonds Issued- - - Issuance Bond Premium- - - TOTAL OTHER FINANCING SOURCES

TOTAL REVENUE AND OTHER 6,635,731 (248,949) 6,386,782 FINANCING SOURCES

13,356,405 (98,949) 13,257,456 TOTAL RESOURCES AVAILABLE

EXPENDITURES Principal Retirement

- - - 2004 Refinanced G.O. Bonds- - - 2006A G.O. Bonds

- - 2008A G.O. Bonds3,580,000 185,000 3,765,000 2013A G.O. Bonds

- - - 2015A G.O. Bonds3,580,000 185,000 3,765,000 Total Principal Retirement

Interest Payments- - - 2004 Refinanced G.O. Bonds- - - 2006A G.O. Bonds

- - 2008A G.O. Bonds2,423,731 (183,625) 2,240,106 2013A G.O. Bonds

479,500 - 479,500 2015A G.O. Bonds2,903,231 (183,625) 2,719,606 Total Interest Payments

- - Bond Issuance Cost2,500 - 2,500 Bond Trustee Agent Fee

6,485,731 1,375 6,487,106 TOTAL EXPENDITURES

OTHER FINANCING USES- - - Payment of Refunded Bond Escrow Agent- - - TOTAL OTHER FINANCING USES

6,485,731 1,375 6,487,106 TOTAL RESOURCES APPROPRIATED

6,870,674 (100,324) 6,770,350 ENDING FUND BALANCE - RESTRICTED

733,627,550 22,008,827 755,636,377 *Assessed Valuation*Note Leg. Council has estimate at near 1.0 billion

9.057 (0.757) 8.300 Mill Levy

Budget

38

Adams County School District 14BOND REDEMPTION FUND

Calculation of Legal DebtFiscal year 2019-2020

The Following table provides the calendar year 2019 estimate and historical calculationsof the legal debt margin based upon the standard test.

Maximum LessDebt Limit Bonded % of Legal

Calendar Assessed 20% (CRS) 22-42- Debt on Legal Debt Debt LimitYear Value Test 104(1)(a) July 1st Limit Available

2020 est 755,636,377 20% 151,127,275 63,700,000 87,427,275 72.86%2019 733,627,550 20% 146,725,510 63,700,000 83,025,510 76.72%2018 725,699,790 20% 145,139,958 67,280,000 77,859,958 53.64%2017 637,604,680 20% 127,520,936 69,905,000 57,615,936 45.18%2016 640,714,560 20% 128,142,912 72,305,000 55,837,912 43.57%2015 612,220,050 20% 122,444,010 76,515,000 45,929,010 37.51%2014 614,550,160 20% 122,910,032 81,050,000 41,860,032 34.06%2013 565,354,990 20% 113,070,998 81,045,000 32,025,998 28.32%2012 556,858,540 20% 111,371,708 84,790,000 26,581,708 23.87%2011 562,682,490 20% 112,536,498 85,200,000 27,336,498 24.29%2010 572,114,590 20% 114,422,918 87,440,000 26,982,918 23.58%

The Following is the amortization schedule for the District's General Obligation Bondissues showing the debt service to be paid in fiscal year 2019-2020 and the future years onbonds currently outstanding.

39

Adams County School District No 14

Debt Schedule for all District Limited Obligation BondsAdopted Budget 2019-2020

GO Bonds GO Bonds 2013 2015 Grand Total

Principal Interest Principal Interest Principal InterestDec 2019 3,765,000.00 1,167,115.63 239,750.00 3,765,000.00 1,406,865.63 June 2020 1,072,990.63 239,750.00 - 1,312,740.63 Dec 2020 3,955,000.00 1,072,990.63 239,750.00 3,955,000.00 1,312,740.63 June 2021 993,890.63 239,750.00 - 1,233,640.63 Dec 2021 4,100,000.00 993,890.63 239,750.00 4,100,000.00 1,233,640.63 June 2022 921,140.63 239,750.00 - 1,160,890.63 Dec 2022 4,250,000.00 921,140.63 239,750.00 4,250,000.00 1,160,890.63 June 2023 836,140.63 239,750.00 - 1,075,890.63 Dec 2023 4,425,000.00 836,140.63 239,750.00 4,425,000.00 1,075,890.63 June 2024 725,515.63 239,750.00 - 965,265.63 Dec 2024 2,445,000.00 725,515.63 2,070,000.00 239,750.00 4,515,000.00 965,265.63 June 2025 664,390.63 188,000.00 - 852,390.63 Dec 2025 2,450,000.00 664,390.63 2,290,000.00 188,000.00 4,740,000.00 852,390.63 June 2026 603,140.63 130,750.00 - 733,890.63 Dec 2026 2,480,000.00 603,140.63 2,505,000.00 130,750.00 4,985,000.00 733,890.63 June 2027 543,540.63 68,125.00 - 611,665.63 Dec 2027 2,500,000.00 543,540.63 2,725,000.00 68,125.00 5,225,000.00 611,665.63 June 2028 481,040.63 - 481,040.63 Dec 2028 5,525,000.00 481,040.63 5,525,000.00 481,040.63 June 2029 337,290.63 - 337,290.63 Dec 2029 5,820,000.00 337,290.63 5,820,000.00 337,290.63 June 2030 193,671.88 - 193,671.88 Dec 2030 6,105,000.00 193,671.88 6,105,000.00 193,671.88 June 2031 98,281.25 - 98,281.25 Dec 2031 6,290,000.00 98,281.25 6,290,000.00 98,281.25 Total 54,110,000.00 16,109,184.49 9,590,000.00 3,411,000.00 63,700,000.00 19,520,184.49

40


COP Fund

Current Obligation Details

The Series 2018N Certificates of Participation dated December 6, 2018, were issued for a total

of $6,729,407 to finance a portion of the District’s match for the new Alsup construction

through the State of Colorado’s Best Grant program. Principal payments are due annually

beginning on December 1, 2019, through 2038. Interest payments are due semi‐annually on

June 1st and December 1st, with interest accruing at 3.89%.


Certificates of Participation Debt Service FundSchedule of Revenue, Expenditures and Fund Balance


2018-19 2019-20Budget Change Budget

-$ -$ -$ BEGINNING FUND BALANCE

OTHER FINANING SOURCES127,349 362,651 490,000 Transfer from General Fund127,349 362,651 490,000 TOTAL OTHER FINANCING SOURCES

TOTAL REVENUE AND OTHER 127,349 362,651 490,000 FINANCING SOURCES

127,349 362,651 490,000 TOTAL RESOURCES AVAILABLE

EXPENDITURES Principal Retirement

- 231,889 231,889 2018 COP's- 231,889 231,889 Total Principal Retirement

Interest Payments127,349 130,113 257,462 2018 COP's127,349 130,113 257,462 Total Interest Payments

127,349 362,002 489,351 TOTAL EXPENDITURES

127,349 362,002 489,351 TOTAL RESOURCES APPROPRIATED

- 649 649 ENDING FUND BALANCE - RESTRICTED

Budget

41

Adams County School District No 14Debt Schedule for all District Certificates of Participation

Adopted Budget 2019-2020

Certificates of Participation 2018

Principal InterestDec 2019 231,889.00 130,987.91 June 2020 126,474.19 Dec 2020 237,277.74 126,474.19 June 2021 121,855.58 Dec 2021 246,514.97 121,855.58 June 2022 117,057.17 Dec 2022 256,111.79 117,057.17 June 2023 112,071.95 Dec 2023 266,082.23 112,071.95 June 2024 106,892.66 Dec 2024 276,440.81 106,892.66 June 2025 101,511.74 Dec 2025 287,202.65 101,511.74 June 2026 95,921.34 Dec 2026 298,383.45 95,921.34 June 2027 90,113.31 Dec 2027 309,999.52 90,113.31 June 2028 84,079.17 Dec 2028 322,067.80 84,079.17 June 2029 77,810.12 Dec 2029 334,605.90 77,810.12 June 2030 71,297.02 Dec 2030 347,632.10 71,297.02 June 2031 64,530.36 Dec 2031 361,165.42 64,530.36 June 2032 57,500.27 Dec 2032 375,225.59 57,500.27 June 2033 50,196.51 Dec 2033 389,833.12 50,196.51 June 2034 42,608.40 Dec 2034 405,009.33 42,608.40 June 2035 34,724.90 Dec 2035 420,776.34 34,724.90 June 2036 26,534.49 Dec 2036 437,157.16 26,534.49 June 2037 18,025.22 Dec 2037 454,175.69 18,025.22 June 2038 9,184.69 Dec 2038 471,856.75 9,184.69

Total 6,729,407.36 2,947,766.09

42

CAPITAL RESERVE FUNDS

The Capital Reserve Funds are comprised of a Building Fund which records construction costs

financed through Certificates of Participation and the State of Colorado’s BEST grant program,

and a Capital Projects fund which accounts for transfers of financial resources from the General

Fund used to acquire or construct major public capital facilities and improvements. The Capital

Projects funds activities include construction improvement and/or purchase of public facilities

including land, buildings and furnishings.

Capital Reserve Fund

Statement of Program

The Capital Reserve – Building Fund was funded by a transfer from the General Fund, District

issuance of COP’s, and BEST Grant revenue (State COP). Unless additional COP’s are issued by

the District transactions in this fund will consist of the spend down of Alsup construction funds

until the completion of that project.

The Capital Reserve – Capital Projects Fund is funded by a transfer from the General Fund. The

School Finance Act no longer requires a certain minimum per pupil amount be allocated each

year to fund capital improvements and insurance needs. However, a minimum amount has

been allocated to the fund to finance the anticipated costs for vehicle replacement,

instructional equipment replacement, technology replacement and facility maintenance

projects. The expenditures are for the ongoing capital needs of the District, such as site

acquisitions, building additions and improvements, purchases of equipment, technology,

vehicles, property, and furniture. Expenditures are also authorized and budgeted for

construction, renovations, and improvements to buildings and grounds.

43

Capital Reserve funding is allocated per the following categories:

Instructional Equipment

Technology Equipment

Operations Equipment

System repair

Roof repair/replacement

Funding requests for capital reserve projects, which can include replacement equipment,

technology improvements, and equipment, and instructional equipment are prepared by

requesting departments in conjunction with the Maintenance and Operations Department.

Requests are submitted for review and are prioritized given available funds and all other needs

within the school and throughout the District. The District is unable to provide funding for

major capital projects without obtaining an increase from a bond election. The District has

asked through a ballot question the voters of the District to increase property taxes for the

renovation and construction of school buildings. Both elections in 2014 and 2015 have failed.

The Capital Reserve – Capital Projects fund in coming years will need to align with the District’s

Facility Master Plan. This plan will need to address fund issues related to technology use within

the District’s classrooms including a Chromebook refresh cycle which is currently projected to

cost approximately $500,000 per year. This is a cost which has not historically existed for the

District. For the 19‐20 fiscal year this cost is planned for by using prior year’s unspent Capital

Reserve technology funds.

44

2015-16 2016-17 2017-18Actual Actual Actual

BEGINNING FUND BALANCE 1,247,058$ 5,969,400$ 4,988,348$

REVENUES Local Sources Investment Income 11,764 31,083 55,572 Other Local Revenue 349 46,512 344,761 Proceeds From Sale of Land 3,527,880 - - TOTAL REVENUE 3,539,993 77,595 400,333

OTHER FINANCING SOURCES Transfers In 2,750,000 1,350,000 2,200,000

Transfers Out - - TOTAL OTHER FINANCING SOURCES 2,750,000 1,350,000 2,200,000

TOTAL REVENUE AND OTHER FINANCING SOURCES 6,289,993 1,427,595 2,600,333

TOTAL RESOURCES AVAILABLE 7,537,051 7,396,995 7,588,681

EXPENDITURES Capital Outlay Projects Purchase of Land - - - Building Remodel - 168,359 114,890 Hazmat/Asbestos 5,980 8,560 1,093 HVAC - 13,603 800 Athletic Turf - ACHS - - - Roof 191,728 995,588 376,019 BEST Grant Matching - - - Subtotal Capital Outlay 197,708 1,186,109 492,802 Other Equipment 34,156 Vehicles 449,339 30,291 Technology Systems 411,324 550,440 325,120 Playground Equipment 4,879 24,360 - Security 25,574 40,824 Nutritional Services Equipment - 26,109 Instructional Equipment 81,449 120,028 78,003 Safety 5,315 11,594 13,966 Sub Total Other Equipment 977,880 811,693 443,198 Other Grounds - 8,520 Painting - 8,900 Maintenance 67,749 63,493 216,500 Concrete & Asphalt 74,314 58,841 - Other Capital Expenditures - 169,980 Sub Total Other 142,063 139,754 386,480 Debt Services Lease Principal 179,619 218,032 228,266 Lease Interest 70,381 53,060 42,826 Subtotal Debt Service 250,000 271,091 271,092


ENDING FUND BALANCE 5,969,400 4,988,348 5,995,109


Audited Expenditures

Adams County School District No. 14Capital Reserve Fund -Capital Projects


45

2018-19 2018-19 2019-20Amended Budget Est Actual Change Proposed Budget

5,995,109$ 5,995,109$ (4,830,821)$ 1,164,288$ BEGINNING FUND BALANCE


35,000 35,000 (35,000) - Investment Income5,000 7,500 (2,500) 5,000 Other Local Revenue

- - - - Proceeds From Sale of Land40,000 42,500 (37,500) 5,000 TOTAL REVENUE

OTHER FINANCING SOURCES1,019,998 1,019,998 350,002 1,370,000 Transfers In

(3,660,591) (3,660,591) - - Transfers Out(2,640,593) (2,640,593) 350,002 1,370,000 TOTAL OTHER FINANCING SOURCES

TOTAL REVENUE AND OTHER (2,600,593) (2,598,093) 312,502 1,375,000 FINANCING SOURCES

3,394,516 3,397,016 (4,518,319) 2,539,288 TOTAL RESOURCES AVAILABLE

EXPENDITURES Capital Outlay Projects

- - - - Building Remodel- - - - Hazmat/Asbestos- - - - HVAC

1,109,184 1,109,184 (1,109,184) - Roof

1,109,184 1,109,184 (1,109,184) - Subtotal Capital Outlay

135,000 145,381 89,619 235,000 Vehicles911,227 450,000 536,227 986,227 Technology Systems

- - - - Playground Equipment283,836 27,550 403,736 431,286 Security

30,000 35,000 (5,000) 30,000 Nutritional Services Equipment70,000 70,000 - 70,000 Instructional Equipment

- 6,757 43,243 50,000 Safety1,430,063 734,688 1,067,825 1,802,513

- - - - Grounds- - - - Painting- - 80,000 80,000 Maintenance

120,000 120,000 (55,000) 65,000 Concrete & Asphalt735,269 268,856 322,919 591,775 Other Capital Expenditures855,269 388,856 347,919 736,775

Debt Services- - - - Lease Principal- - - - Lease Interest- - - - Subtotal Debt Service


- 1,164,288 (4,824,879) - ENDING FUND BALANCE

TOTAL APPROPRIATION AND3,394,516$ 3,397,016$ (4,518,319)$ 2,539,288$ FUND BALANCE


Budget

Adams County School District No. 14Capital Reserve Fund -Capital Projects

Schedule of Revenue, Expenditures and Fund Balance

46

ADAMS COUNTY SCHOOL DISTRICT 14

Capital Reserve Fund ProjectsFiscal year 2019-20 Capital Reserve - Facilities and Capital Projects

Adopted Adopted AdoptedBudget Budget Budget

Planned Project/Item Carry Forward New Projects TotalArea To be Acquired 2019-20 2019-20 2019-20

Maintenance Maintenance -$ 80,000$ 80,000$ Concrete and Asphalt - 65,000 65,000$

Maintenance Total - 145,000 145,000 New/Replacement Marquees 50,000 50,000

Technology 461,227 525,000 986,227 Copiers - 225,000 225,000 Instructional Equipment - 70,000 70,000 Nutritional Services Equipment - 30,000 30,000 Vehicles - 235,000 235,000 Contingency 150,000 166,775 316,775

New Replacement Total 611,227 1,301,775 1,913,002 Safety Safety Repairs - 50,000 50,000

Safety Equipment 256,286 175,000 431,286 Safety Total 256,286 225,000 481,286

Grand Total 867,513$ 1,671,775$ 2,539,288$

47

2018-19 2019-20Amended Budget Adopted Budget

BEGINNING FUND BALANCE -$ 15,302,541$

REVENUES State Sources Best Grant Revenue 19,650,134 17,910,000 TOTAL REVENUE 19,650,134 17,910,000

OTHER FINANCING SOURCES Transfers In from Capital Reserve 3,660,591 - Transfer In from General Fund 3,839,409 - Certificates of Participation Issuance 6,729,407 - TOTAL OTHER FINANCING SOURCES 14,229,407 -

TOTAL REVENUE AND OTHER FINANCING SOURCES 33,879,541 17,910,000

TOTAL RESOURCES AVAILABLE 33,879,541 33,212,541

EXPENDITURES Capital Outlay Projects

New Alsup Building Grant(58%) 19,650,134 19,263,274 New Alsup Building Matching(42%) 14,229,407 13,949,267 Subtotal Capital Projects 33,879,541 33,212,541

TOTAL RESOURCES APPROPRIATED 33,879,541 33,212,541

ENDING FUND BALANCE - -

TOTAL APPROPRIATION ANDFUND BALANCE 33,879,541$ 33,212,541$


Adams County School District No. 14Capital Reserve - Building Fund

Schedule of Revenue, Expenditures and Fund Balance

48


Five Year Budget Projections

49


General Fund Forecast

50


General Fund Five-Year Forecast of Incremental Resources and Uses Assumptions

The District prepared a five-year budget forecast as a part of its annual budget development process. This forecast uses FY 2019-20 as the base year and then projects revenues and expenditures based upon certain resource and expenditure assumptions. A budget forecast is just one of many tools used in the budget development process and it is not intended to predict future events. However, it does allow the District to consider the financial effect of implementing certain policies and what it may do to offset those effects. Resource Assumptions:

1. Funded pupil counts based on recent years change and demographer projections and are projected decrease each year through 2024-25.

2. The base funding per pupil as provided by the school finance act is projected to increase an estimated 2.5% in FY 2020-21 and then remain at 2.5% thereafter.

3. The School Finance Act no longer requires a minimum mandatory

allocation to the Capital Reserve and Insurance Reserve Funds. Assumptions have been built to continue funding at a constant level through FY 2024-25.

4. The mill levy override revenues are expected to remain constant at $4.89

million dollars.

5. Other state revenues are projected to increase at a rate equal to the cost of living rate.

6. The restricted fund balance will increase or decrease incrementally each

year based upon the required increase or decrease in the TABOR (Taxpayer Bill of Rights) 3% emergency reserve. In addition, the unrestricted fund balance will increase or fall by the net of anticipated total revenues less total expenditures from the preceding year.

7. Changes to residential assessment rates are not factored into the split of

program funding between property taxes and state equalization.

51

Expenditure Assumptions:

1. The mandatory TABOR emergency reserve is maintained at 3% of the School Finance Revenue plus Other State Revenue plus Other Local & Federal Revenue.

2. Board policy requires the District’s fund balance (exclusive of TABOR) to include a restricted 5% of current year expenditures. 3. Expenditures are projected to increase or decrease as tabled below:

Expenditures 2020‐21 2021‐22 2022‐23 2023‐24 2024‐25

Salaries 3.0% 3.0% 3.0% 3.0% 3.0%

Benefits 4.0% 4.0% 4.0% 4.0% 4.0%

Funded Pupil Decline factor ‐2.9% ‐3.1% ‐3.5% ‐2.8% ‐2.1%

Purchased Services 0.3% 0.3% 0.3% 0.3% 0.3%

Utilities 5.0% 5.0% 5.0% 5.0% 5.0%

Supplies and Materials 0.3% 0.3% 0.3% 0.3% 0.3%

Capital Outlay & Other 0.0% 0.0% 0.0% 0.0% 0.0%

Projected Annual Percentage Increase

Revenues do not generally increase at this rate high enough to cover the rate of increases in expenditures, so expenditures by object have been reduced in an effort to balance the budget.

52

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53

ADAMS COUNTY SCHOOL DISTRICT No 14School Personnel Allocations

Fiscal Year 2019-20 Adopted Budget

Support &Administrative Certified Classified Technical Total

Alsup Elementary 2.000 24.000 8.900 - 34.900 Central Elementary 2.000 23.300 10.200 - 35.500 Dupont Elementary 2.000 27.000 8.700 - 37.700 Hanson Elementary 1.000 14.500 6.900 - 22.400 Kemp Elementary 2.000 26.000 6.900 - 34.900 Monaco Elementary 2.000 17.000 10.300 - 29.300 Rose Hill Elementary 2.000 20.000 5.600 1.000 28.600 CPP - Various Schools 2.000 23.500 27.400 - 52.900 Adams City Middle School 2.000 43.500 12.400 - 57.900 Kearney Middle School 2.000 43.100 10.800 1.000 56.900 Adams City High School 7.000 83.000 17.500 1.000 108.500 Lester Arnold High School 2.000 12.700 4.800 2.000 21.500 Board of Directors - 0.400 - - 0.400 Superintendent 2.000 - - - 2.000 Public Relations 1.000 - - 5.000 6.000 Learning Services 4.000 5.000 - 2.000 11.000 Student Services 2.000 73.900 47.400 9.000 132.300 Gifted Program - 1.000 - - 1.000 Federal Programs 1.000 - - 1.000 2.000 Enrollment and Registration - - 0.800 2.000 2.800 ELPA 1.000 6.800 - 4.000 11.800 Student Assessment 2.000 - - 1.000 3.000 Truancy and Intervention 1.000 - 1.000 3.000 5.000 Division of Operations 1.000 - - 2.000 3.000 Financial Services 2.000 - - 7.000 9.000 Purchasing Department - - - Human Resources 3.000 - - 4.000 7.000 Information Technology 1.000 - - 10.000 11.000 Operations & Maintenance 1.000 - 10.000 1.000 12.000 Maintenance of Grounds - - 6.000 1.000 7.000 Nutritional Services 2.000 - 42.500 1.000 45.500 Warehouse - - 1.800 - 1.800 Print Shop - - 1.000 - 1.000 Transportation 1.000 - 29.800 1.000 31.800 Custodial - - 41.600 1.000 42.600 Adult Education - - 8.000 1.000 9.000 District Total 53.000 444.700 320.300 61.000 879.000

54

ADAMS COUNTY SCHOOL DISTRICT NO 14Summary of Staffing by Type

Fiscal Year 2019-20 Adopted Budget

2015-2016 2016-2017 2017-2018 2018-2019 2019-2020Actual Actual Actual Budget Proposed

Administrator 56.00 51.00 50.00 54.00 53.00 Certified 483.25 464.05 462.00 465.70 444.70 Classified 310.53 309.05 303.44 314.10 320.30 Support & Technical 53.30 56.00 56.50 59.00 61.00 TOTAL 903.08 880.10 871.94 892.80 879.00

-

50.00

100.00

150.00

200.00

250.00

300.00

350.00

400.00

450.00

500.00

Administrator Certified Classified Support &Technical

ADAMS COUNTY SCHOOL DISTRICT NO 14HISTORICAL FULL-TIME EQUIVALENT

FY - 2019-20 Proposed

2015-2016 Actual

2016-2017 Actual

2017-2018 Actual

2018-2019 Budget

2019-2020 Proposed

FY2017 2018 SUMMARY BUDGET

ABC School DistrictDistrict Code: 0030Adopted OR Revised BudgetAdopted: June 28, 2019

Budgeted Pupil Count: xx,xxx.x ObjectSource

10 General Fund

11 Charter School

Fund

18 Insurance

Reserve / Risk-Management

19 Preschool and Kindergarten

21 Food Service

22 Governmental

Designated Grants Fund

06 Supplemental

Capital Construction, Technology,

andMaintenance

Fund. 23

Pupil Activity

24Full-Day

Kindergarten Mill Levy Override

25 Transportation

(26-29) Other Special

Revenue

31 Bond

Redemption 39

COP Debt 41

Building Fund

42 Special Building

& Technology

Beginning Fund Balance(Includes All Reserves) 17,885,329 931,499 270,000 738,890 - - 95 - - 152,155 6,870,674 - 15,302,541 -

RevenuesLocal Sources 1000 - 1999 28,855,801 - 10,000 - 77,328 155,000 - 533,912 - - 177,600 6,386,782 - - Intermediate Sources 2000 - 2999 - - - - - - - - - - - - - - State Sources 3000 - 3999 38,363,697 - - 3,666,788 82,529 2,146,971 - - - - - - - 17,910,000 - Federal Sources 4000 - 4999 2,850,000 - - - 3,052,857 10,626,198 - - - - - - - -

Total Revenues 70,069,498 - 10,000 3,666,788 3,212,714 12,928,169 - 533,912 - - 177,600 6,386,782 - 17,910,000 -

Total Beginning Fund Balance and Reserves 87,954,827 - 941,499 3,936,788 3,951,604 12,928,169 - 534,007 - - 329,755 13,257,456 - 33,212,541 -

Total Allocations To/From Other Funds 5600,5700, 5800 (3,170,000) - 1,800,000 - - - - - - - - - - -

Transfers To/From Other Funds 5200 - 5300 (1,434,000) - - - - - - 974,000 - - 270,000 - 490,000 - - Other Sources 5100,5400,

5500,5900, 5990, 5991 - - - - - - - - - - - - - - -

Available Beginning Fund Balance & Revenues (Plus Or Minus (If Revenue) Allocations And Transfers) 83,350,827 - 2,741,499 3,936,788 3,951,604 12,928,169 - 1,508,007 - - 599,755 13,257,456 490,000 33,212,541 -

ExpendituresInstruction - Program 0010 to 2099

Salaries 0100 24,964,334 - - 1,759,421 584,611 - 350,972 - - - - - - - Employee Benefits 0200 7,299,288 - - 650,524 170,649 - 91,042 - - - - - - - Purchased Services 0300,0400,

0500 497,349 - 490,650 2,347,348 - 58,935 - - - - - - - Supplies and Materials 0600 1,601,042 - - 18,050 761,770 - 607,172 - - - - - - - Property 0700 182,957 - - 12,500 1,555,561 - 5,000 - - - - - - Other 0800, 0900 80,110 - - 235,500 - 2,347,348 - 94,886 - - - - - -

Total Instruction 34,625,080 - - 3,166,645 - 7,767,287 - 1,208,007 - - - - - - - Supporting ServicesStudents - Program 2100

Salaries 0100 3,205,944 - - - - 403,485 - - - - 327,618 - - - - Employee Benefits 0200 1,105,610 - - - - 117,778 - - - - 91,733 - - - - Purchased Services 0300,0400,

0500 734,680 - - - - - - - - - 53,000 - - - - Supplies and Materials 0600 12,650 - - - - - - - - - 86,487 - - - - Property 0700 2,500 - - - - - - - - - - - - - - Other 0800, 0900 140,750 - - - - - - - - - (68,095) - - - -

Total Students 5,202,134 - - - - 521,263 - - - - 490,743 - - - -

Instructional Staff - Program 2200Salaries 0100 1,973,577 - - 36,366 - 3,035,295 - - - - - - - - - Employee Benefits 0200 732,168 - - 11,615 - 886,007 - - - - - - - - - Purchased Services 0300,0400,

0500 539,720 - - 100 - - - - - - - - - - - Supplies and Materials 0600 250,731 - - - - - - - - - - - - - - Property 0700 19,000 - - - - - - - - - - - - - - Other 0800, 0900 12,233 - - - - - - - - - - - - - -

Total Instructional Staff 3,527,429 - - 48,081 - 3,921,302 - - - - - - - - -

General Administration - Program 2300, including Program 2303 and 2304

Salaries 0100 355,417 - - - - - - - - - - - - - Employee Benefits 0200 83,047 - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 3,194,250 - - - - - - - - - - - - - - Supplies and Materials 0600 32,750 - - - - - - - - - - - - - - Property 0700 6,000 - - - - - - - - - - - - - - Other 0800, 0900 30,050 - - 180,000 - - - - - - - - - - -

Total School Administration 3,701,514 - - 180,000 - - - - - - - - - - -

School Administration - Program 2400Salaries 0100 3,952,136 - - 355,385 - 34,561 - - - - - - - - - Employee Benefits 0200 1,237,261 - - 119,536 - 10,089 - - - - - - - - - Purchased Services 0300,0400,

0500 64,499 - - 4,000 - - - - - - - - - - - Supplies and Materials 0600 50,990 - - 1,500 - - - - - - - - - - - Property 0700 16,343 - - - - - - - - - - - - - - Other 0800, 0900 7,126 - - 3,500 - - - - - - - - - - -

Total School Administration 5,328,355 - - 483,921 - 44,650 - - - - - - - - -

Business Services - Program 2500, including Program 2501

Salaries 0100 850,080 - - - - - - - - - - - - - - Employee Benefits 0200 266,002 - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 90,000 - - - - - - - - - - - - - Supplies and Materials 0600 8,750 - - - - - - - - - - - - - -

CDE, School Finance Division 1 7/8/2019




10 General Fund

11 Charter School

Fund

18 Insurance



21 Food Service

22 Governmental


06 Supplemental


andMaintenance

Fund. 23

Pupil Activity

24Full-Day


25 Transportation


Revenue

31 Bond

Redemption 39

COP Debt 41

Building Fund

42 Special Building

& Technology

Property 0700 2,500 - - - - - - - - - - - - - - Other 0800, 0900 10,550 - - - - - - - - - - - - - -

Total Business Services 1,227,882 - - - - - - - - - - - - - - Operations and Maintenance - Program 2600

Salaries 0100 4,028,166 - - 42,056 - - - - - - - - - - - Employee Benefits 0200 1,306,165 - - 15,310 - - - - - - - - - - - Purchased Services 0300,0400,

0500 1,085,283 - - 775 - - - - - - - - - - Supplies and Materials 0600 1,981,009 - - - - - - - - - - - - - Property 0700 73,540 - - - - - - - - - - - - - Other 0800, 0900 6,700 - - - - - - - - - - - - - -

Total Operations and Maintenance 8,480,863 - - 58,141 - - - - - - - - - - -

Student Transportation - Program 2700Salaries 0100 1,350,611 - - - - - - - - - - - - - Employee Benefits 0200 525,179 - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 46,856 - - - - - - - - - - - - - - Supplies and Materials 0600 297,747 - - - - - - - - - - - - - - Property 0700 31,360 - - - - - - - - - - - - - - Other 0800, 0900 3,025 - - - - - - - - - - - - - -

Total Student Transportation 2,254,778 - - - - - - - - - - - - - -

Central Support - Program 2800, including Program 2801

Salaries 0100 1,812,711 - 26,994 - - 78,434 - - - - - - - - - Employee Benefits 0200 554,339 - 8,098 - - 22,895 - - - - - - - - - Purchased Services 0300,0400,

0500 952,332 - 2,234,939 - - - - - - - - - - - - Supplies and Materials 0600 60,930 - - - - - - - - - - - - - - Property 0700 21,148 - - - - - - - - - - - - - - Other 0800, 0900 11,050 - - - - - - - - - - - - - -

Total Central Support 3,412,510 - 2,270,031 - - 101,329 - - - - - - - - -

Other Support - Program 2900Salaries 0100 65,000 - - - - - - - - - - - - - Employee Benefits 0200 750 - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 - - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 - - - - - - - - - - - - - - -

Total Other Support 65,750 - - - - - - - - - - - - - -

Food Service Operations - Program 3100Salaries 0100 - - - 1,265,353 37,676 - - - - - - - - - Employee Benefits 0200 - - - 590,004 10,998 - - - - - - - - - Purchased Services 0300,0400,

0500 - - - 69,650 - - - - - - - - - Supplies and Materials 0600 - - - 1,658,618 - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - Other 0800, 0900 - - - 49,000 - - - - - - - - - -

Total Other Support - - - - 3,632,625 48,674 - - - - - - - - - Enterprise Operations - Program 3200

Salaries 0100 - - - - - - - - - - - - - - - Employee Benefits 0200 - - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 - - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 - - - - - - - - - - - - - - -

Total Enterprise Operations - - - - - - - - - - - - - - -

Community Services - Program 3300Salaries 0100 129,346 - - - - 104,335 - - - - - - - - - Employee Benefits 0200 43,371 - - - - 30,456 - - - - - - - - - Purchased Services 0300,0400,

0500 95,000 - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 765 - - - - - - - - - - - - - -

Total Community Services 268,482 - - - - 134,791 - - - - - - - - -

Education for Adults - Program 3400Salaries 0100 - - - - - 301,010 - - - - - - - - - Employee Benefits 0200 - - - - - 87,863 - - - - - - - - - Purchased Services 0300,0400,

0500 - - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - -





10 General Fund

11 Charter School

Fund

18 Insurance



21 Food Service

22 Governmental


06 Supplemental


andMaintenance

Fund. 23

Pupil Activity

24Full-Day


25 Transportation


Revenue

31 Bond

Redemption 39

COP Debt 41

Building Fund

42 Special Building

& Technology

Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 - - - - - - - - - - - - - - -

Total Education for Adults Services - - - - - 388,873 - - - - - - - - -

Total Supporting Services 33,469,697 - 2,270,031 770,143 3,632,625 5,160,882 - - - - 490,743 - - - -

Property - Program 4000Salaries 0100 - - - - - - - - - - - - - - - Employee Benefits 0200 - - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 - - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - 33,212,541 - Other 0800, 0900 - - - - - - - - - - - 6,487,106 489,351 - -

Total Property - - - - - - - - - - - 6,487,106 489,351 33,212,541 -

Other Uses - Program 5000s - including Transfers Out and/or Allocations Out as an expenditure

Salaries 0100 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AEmployee Benefits 0200 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/APurchased Services 0300,0400,

0500 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/ASupplies and Materials 0600 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AProperty 0700 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AOther 0800, 0900 - - - - - - - - - - - - - - -

Total Other Uses - - - - - - - - - - - - - - -

Total Expenditures 68,094,777 - 2,270,031 3,936,788 3,632,625 12,928,169 - 1,208,007 - - 490,743 6,487,106 489,351 33,212,541 -

APPROPRIATED RESERVESOther Reserved Fund Balance (9900) 0840 - - - - - - - - - - - - - - - Other Restricted Reserves (932X) 0840 - - - - - - - - - - - - - - - Reserved Fund Balance (9100) 0840 - - - - - - - - - - - - - - District Emergency Reserve (9315) 0840 - - - - - - - - - - - - - - - Reserve for TABOR 3% (9321) 0840 - - - - - - - - - - - - - - - Reserve for TABOR - Multi-Year Obligations (9322) 0840 - - - - - - - - - - - - - - - Total Reservies - - - - - - - - - - - - - - -

Total Expenditures and Reserves 68,094,777 - 2,270,031 3,936,788 3,632,625 12,928,169 - 1,208,007 - - 490,743 6,487,106 489,351 33,212,541 -

BUDGETED ENDING FUND BALANCE Non-spendable fund balance (9900) 6710 390,000 - - - - - - - - - - - - - - Restricted fund balance (9990) 6720 4,000,000 - 471,468 - 318,979 - - 300,000 - - 109,012 6,770,350 649 - - TABOR 3% emergency reserve (9321) 6721 2,439,416 - - - - - - - - - - - - - - TABOR multi year obligations (9322) 6722 - - - - - - - - - - - - - - - District emergency reserve (letter of credit or real estate) (9323) 6723 3,601,578 - - - - - - - - - - - - - - Colorado Preschool Program (CPP) (9324) 6724 - - - - - - - - - - - - - - Full day kindergarten reserve (9325) 6725 - - - - - - - - - - - - - - - Risk-related / restricted capital reserve (9326) 6726 - - - - - - - - - - - - - - - BEST capital renewal reserve (9327) 6727 - - - - - - - - - - - - - - - Committed fund balance (9900) 6750 - - - - - - - - - - - - - - - Committed fund balance (15% limit) (9200) 6750 - - - - - - - - - - - - - - - Assigned fund balance (9900) 6760 - - - - - - - - - - - - - - Unassigned fund balance (9900) 6770 4,825,056 - - - - - - - - - - - - - Net investment in capital assets (9900) 6790 - - - - - - - - - - - - - - Restricted net position (9900) 6791 - - - - - - - - - - - - - - - Unrestricted net position (9900) 6792 - - - - - - - - - - - - - - - Total Ending Fund Balance 15,256,050 - 471,468 - 318,979 - - 300,000 - - 109,012 6,770,350 649 - -

Total Available Beginning Fund Balance & Revenues Less Total Expenditures & Reserves Less Ending Fund Balance (Shall Equal Zero (0)) - - - - - - - - - - - - - - -

Use of a portion of beginning fund balance resolution required? Yes No Yes Yes Yes No No No No No Yes Yes No Yes No





Beginning Fund Balance(Includes All Reserves)

RevenuesLocal Sources 1000 - 1999Intermediate Sources 2000 - 2999State Sources 3000 - 3999Federal Sources 4000 - 4999

Total Revenues

Total Beginning Fund Balance and Reserves

Total Allocations To/From Other Funds 5600,5700, 5800

Transfers To/From Other Funds 5200 - 5300Other Sources 5100,5400,

5500,5900, 5990, 5991

Available Beginning Fund Balance & Revenues (Plus Or Minus (If Revenue) Allocations And Transfers)

ExpendituresInstruction - Program 0010 to 2099

Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,

0500Supplies and Materials 0600Property 0700Other 0800, 0900

Total InstructionSupporting ServicesStudents - Program 2100



Total Students

Instructional Staff - Program 2200Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Instructional Staff

General Administration - Program 2300, including Program 2303 and 2304



Total School Administration

School Administration - Program 2400Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total School Administration

Business Services - Program 2500, including Program 2501


0500Supplies and Materials 0600

43 Capital Reserve Capital Projects

46 Supplemental


andMaintenance

Fund.

50 Enterprise

Funds 60

Internal Service

64 Risk Related

Activity

70 Fiduciary: Trust

and Other Agency Funds:

70, 71, 75-79

72 Private-Purpose

Trust 73

Agency

74 Pupil Activity

Agency 85

Foundations

ComponentUnits and Other

Reportable Funds TOTAL

1,164,288 - - - - - - - 300,000 - - 43,615,471

5,000 - - - - - - - - - - 36,201,423 - - - - - - - - - - - - - - - - - - - - - - - 62,169,985 - - - - - - - - - - - 16,529,055

5,000 - - - - - - - - - - 114,900,463

1,169,288 - - - - - - - 300,000 - - 158,515,934

1,370,000 - - - - - - - - - - - - - - - - - - - (300,000) - - -

- - - - - - - - - - - -

2,539,288 - - - - - - - - - - 158,515,934

- - - - - - - - - - - 27,659,338 - - - - - - - - - - - 8,211,503

- - - - - - - - - - - 3,394,282 - - - - - - - - - - - 2,988,034

488,886 - - - - - - - - - - 2,244,904 70,000 - - - - - - - - - - 2,827,844

558,886 - - - - - - - - - - 47,325,905

- - - - - - - - - - - 3,937,047 - - - - - - - - - - - 1,315,121

- - - - - - - - - - - 787,680 - - - - - - - - - - - 99,137 - - - - - - - - - - - 2,500 - - - - - - - - - - - 72,655 - - - - - - - - - - - 6,214,140

- - - - - - - - - - - 5,045,238 - - - - - - - - - - - 1,629,790

- - - - - - - - - - - 539,820 - - - - - - - - - - - 250,731 - - - - - - - - - - - 19,000 - - - - - - - - - - - 12,233 - - - - - - - - - - - 7,496,812

- - - - - - - - - - - 355,417 - - - - - - - - - - - 83,047

- - - - - - - - - - - 3,194,250 - - - - - - - - - - - 32,750 - - - - - - - - - - - 6,000 - - - - - - - - - - - 210,050 - - - - - - - - - - - 3,881,514

- - - - - - - - - - - 4,342,082 - - - - - - - - - - - 1,366,886

- - - - - - - - - - - 68,499 - - - - - - - - - - - 52,490 - - - - - - - - - - - 16,343 - - - - - - - - - - - 10,626 - - - - - - - - - - - 5,856,926

- - - - - - - - - - - 850,080 - - - - - - - - - - - 266,002

- - - - - - - - - - - 90,000 - - - - - - - - - - - 8,750





Property 0700Other 0800, 0900

Total Business ServicesOperations and Maintenance - Program 2600



Total Operations and Maintenance

Student Transportation - Program 2700Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Student Transportation

Central Support - Program 2800, including Program 2801



Total Central Support

Other Support - Program 2900Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Other Support

Food Service Operations - Program 3100Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Other SupportEnterprise Operations - Program 3200



Total Enterprise Operations

Community Services - Program 3300Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Community Services

Education for Adults - Program 3400Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,

0500Supplies and Materials 0600


46 Supplemental


andMaintenance

Fund.

50 Enterprise

Funds 60

Internal Service

64 Risk Related

Activity

70 Fiduciary: Trust


70, 71, 75-79

72 Private-Purpose

Trust 73

Agency

74 Pupil Activity

Agency 85

Foundations



- - - - - - - - - - - 2,500 - - - - - - - - - - - 10,550 - - - - - - - - - - - 1,227,882

- - - - - - - - - - - 4,070,222 - - - - - - - - - - - 1,321,475

1,091,566 - - - - - - - - - - 2,177,624 - - - - - - - - - - - 1,981,009

173,836 - - - - - - - - - - 247,376 - - - - - - - - - - - 6,700

1,265,402 - - - - - - - - - - 9,804,406

- - - - - - - - - - - 1,350,611 - - - - - - - - - - - 525,179

- - - - - - - - - - - 46,856 - - - - - - - - - - - 297,747

235,000 - - - - - - - - - - 266,360 - - - - - - - - - - - 3,025

235,000 - - - - - - - - - - 2,489,778

- - - - - - - - - - - 1,918,139 - - - - - - - - - - - 585,332

- - - - - - - - - - - 3,187,271 - - - - - - - - - - - 60,930

450,000 - - - - - - - - - - 471,148 - - - - - - - - - - - 11,050

450,000 - - - - - - - - - - 6,233,870

- - - - - - - - - - - 65,000 - - - - - - - - - - - 750

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 65,750

- - - - - - - - - - - 1,303,029 - - - - - - - - - - - 601,002

- - - - - - - - - - - 69,650 - - - - - - - - - - - 1,658,618

30,000 - - - - - - - - - - 30,000 - - - - - - - - - - - 49,000

30,000 - - - - - - - - - - 3,711,299

- - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - 233,681 - - - - - - - - - - - 73,827

- - - - - - - - - - - 95,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 765 - - - - - - - - - - - 403,273

- - - - - - - - - - - 301,010 - - - - - - - - - - - 87,863

- - - - - - - - - - - - - - - - - - - - - - - -





Property 0700Other 0800, 0900

Total Education for Adults Services

Total Supporting Services

Property - Program 4000Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Property

Other Uses - Program 5000s - including Transfers Out and/or Allocations Out as an expenditure



Total Other Uses

Total Expenditures

APPROPRIATED RESERVESOther Reserved Fund Balance (9900) 0840Other Restricted Reserves (932X) 0840Reserved Fund Balance (9100) 0840District Emergency Reserve (9315) 0840Reserve for TABOR 3% (9321) 0840Reserve for TABOR - Multi-Year Obligations (9322) 0840Total Reservies

Total Expenditures and Reserves

BUDGETED ENDING FUND BALANCE Non-spendable fund balance (9900) 6710 Restricted fund balance (9990) 6720 TABOR 3% emergency reserve (9321) 6721 TABOR multi year obligations (9322) 6722 District emergency reserve (letter of credit or real estate) (9323) 6723 Colorado Preschool Program (CPP) (9324) 6724 Full day kindergarten reserve (9325) 6725 Risk-related / restricted capital reserve (9326) 6726 BEST capital renewal reserve (9327) 6727 Committed fund balance (9900) 6750 Committed fund balance (15% limit) (9200) 6750 Assigned fund balance (9900) 6760 Unassigned fund balance (9900) 6770 Net investment in capital assets (9900) 6790 Restricted net position (9900) 6791 Unrestricted net position (9900) 6792Total Ending Fund Balance

Total Available Beginning Fund Balance & Revenues Less Total Expenditures & Reserves Less Ending Fund Balance (Shall Equal Zero (0))

Use of a portion of beginning fund balance resolution required?


46 Supplemental


andMaintenance

Fund.

50 Enterprise

Funds 60

Internal Service

64 Risk Related

Activity

70 Fiduciary: Trust


70, 71, 75-79

72 Private-Purpose

Trust 73

Agency

74 Pupil Activity

Agency 85

Foundations



- - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - 388,873

1,980,402 - - - - - - - - - - 47,774,523

- - - - - - - - - - - -- - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - 33,212,541 - - - - - - - - - - - 6,976,457 - - - - - - - - - - - 40,188,998

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

- - - - - - - - - - - -- - - - - - - - - - - -

2,539,288 - - - - - - - - - - 135,289,426

- - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - -

2,539,288 - - - - - - - - - - 135,289,426

- - - - - - - - - - - 390,000 - - - - - - - - - - - 11,970,458 - - - - - - - - - - - 2,439,416 - - - - - - - - - - - -

- - - - - - - - - - - 3,601,578 - - - - - - - - - - - -- - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - 4,825,056 - - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - -- - - - - - - - - - - 23,226,508

- - - - - - - - - - - -

Yes No No No No No No No Yes No No Yes


Budget Report - 2019-20 · 1 Adams 14 Adopted Budget Adams County School District 14 5291 East 60th...

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Transcript of Budget Report - 2019-20 · 1 Adams 14 Adopted Budget Adams County School District 14 5291 East 60th...