Financial Planning & Analysis and Budget Office Board of ... · 5/18/2015 · 2014 2015 Nov Dec...

FY 2015-16 Proposed Budget

Financial Planning & Analysis and Budget Office

Board of Education Working Session

May 18, 2015

1

Budget Timeline

– Timeline

Economic Overview

– School Funding Overview

– Peer Comparison

– Impact of Negative Factor

– Fund Balance and PPR

– At-Risk

– Enrollment Trends

– Federal Funding

FY2014-15 Proposed Budget

– State of the State and Legislative Impacts

– Budget Process

– Budget Assumptions

– Fund Summaries

Board Actions

Appendices

Agenda

2

Budget Process and Timeline

3

Budget Timeline

2014 2015

Nov Dec Jan Feb Mar Apr May Jun Jul

Planning Prep Development Finalization

CAFR FY2014-15 Amended

Budget

Q2 Reporting Q3 Reporting

ProposeFY2015-16

Budget

Vote To Adopt

FY2015-16Budget

Financial State of the

District

Mill Levy Certification

FY2015-16 Budget Recommendations

FY2015-16BudgetBook

Site-level Budget

Processes

4

Economic Overview

5

School Finance Fundamentals

Amendment 23 and the Colorado School Finance Act outlines the Total Program Funding formula used to determine a per-pupil funding level for each school district– The Total Program Funding includes a base amount plus additional factors that vary by district and

compensate for financial differences among districts such as cost of living, size of the district, and personnel costs

– In addition to these factors, additional funding is allocated for At-Risk and Online pupil counts

Per Pupil Base

Equal funding per pupil across all districts, increases annually by inflation

Factors and At-Risk / Online

Adjusts the Base per Pupil Funding by the following categories•Cost of Living•Size of District•Personnel costs•At-Risk Pupils•Online & Ascent Pupils

Total Per Pupil Program

Funding for each District (PPR)

Total funding for each district is determined by multiplying its PPR times its Funded Pupil

Count

6

Denver vs Urban Districts

Compared to peer urban districts around the country, DPS is substantially lower due to lower State funding

In the coming years, Colorado K-12 funding is not expected to increase substantively due to the pressures of enrollment growth and TABOR constraints

Beginning in FY 2016-17, 75% of all General Fund dollars at the State level will need to be directed to K-12 funding in order to just keep the negative factor at the current level

Per Pupil Revenue figures represent 2013-14 financials and K-12 Enrollment

$2,503

$7,072

$5,871

$4,819

$4,062

$5,026

$4,647

$8,439

$3,615

$14,880

$1,198

$2,359

$3,432

$1,195

$66

$- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 $20,000

Charlotte

Chicago

Cleveland

Denver

Rochester

Local Revenue Per Student State Revenue Per Student Federal / Other Gov't Revenue Per Student

$19,008

$9,629

$17,742

$14,078

$8,727

7

Denver vs Neighboring Districts

Comparing Denver Public Schools and neighboring districts based on the costs of serving students of need, DPS is funded $985 less than its neighboring districts on average

The weights of .35 for FRL and .47 ELL are based on an analysis APA Consulting conducted of the cost of serving such students in several states in 20131

1 http://www.cosfp.org/HomeFiles/CostingOutAnalysis/2013/CostingOutReport2013.pdf

$5,660

$3,303

$3,371

$2,343

$3,164

$1,976

$3,623

$2,536

$4,080

$3,427

$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000

Boulder

CherryCreek

Denver

Doug Co

Jeff Co

Local State

$6,590

$6,424

$5,908

$6,926

$7,636

UnweightedPPR

$7,542

$6,820

$8,276

$7,985

$8,516

Per Pupil Revenue figures represent 2014-15 State Funding and a weighted ECE-12 Enrollment

Local Revenue includes all Mill Levy Overrides

8

http://www.cosfp.org/HomeFiles/CostingOutAnalysis/2013/CostingOutReport2013.pdf

Impact of the Negative Factor

While PPR is expected to increase 4% in FY 2015-16, we are still funded at a lower Per Pupil Revenue than in 2009, despite an average annual inflation increase of 2.6%

Through FY 15-16, the State has withheld more than $430M from DPS through the implementation of the negative factor

This equates to an average annual reduction of almost $1,000 per student eroding our purchasing power by almost $85M per year

State and funding is not expected to recover to pre-Great Recession levels due to the impacts of TABOR and increasing demands from Healthcare, Transportation and Corrections at the state level

$6,941 $6,873 $6,858

$7,013

$7,355

$7,661 $7,672

$7,744

$7,894

$8,174$8,292

$8,451

$8,634

$6,000

$6,500

$7,000

$7,500

$8,000

$8,500

$9,000

FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY 14-15 FY 15-16(Forecast)

Impact of Negative Factor on PPR

PPR PPR excluding Negative Factor

9

Fund Balance and PPR

The “Traditional” General Fund (Funds 10/19) is expected to have no use or source of fund balance in FY 2014-15 compared to the Adopted Budget which assumed an $8.1M use of fund balance

For 2015-16, we have $6.6M of unallocated funds that we will determine how much to allocate to other initiatives and how much to add to Fund Balance in the Adopted Budget Presentation

Note that the above chart reflects General Fund GAAP balance inclusive of all MLOs and Special Projects

$63.3

$116.5

$101.7

$109.5

$98.3

$90.3 $88.5

$7,672

$6,941 $6,873 $6,858

$7,013

$7,355

$7,661

$3,500

$4,000

$4,500

$5,000

$5,500

$6,000

$6,500

$7,000

$7,500

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY 14-15 FY 15-16(Budget)

Pe

r P

up

il R

eve

nu

e

Fu

nd

Bala

nce

(in

millio

ns)

Per Pupil Revenue and Fund Balance

Fund Balance PPR

10

Enrollment Trends

Our forecast is for enrollment growth at approximately the same as FY2014-15, with the trend continuing for several more years due to continued residential development and positive net migration albeit at a slightly declining rate in the out years

Charters are continuing to take a greater share of enrolled students

68.8 69.7 70.8 71.5 72.3 73.9 74.5

9.6 9.8 11.0 12.9 15.1 16.3 17.9

-

10

20

30

40

50

60

70

80

90

100

2009 2010 2011 2012 2013 2014 2015

Th

ou

sand

s o

f S

tud

ents

District Enrollment: District Run vs. Charter

Traditional ECE-12 Charter ECE-12

72.5 72.2 72.6 73.0 73.5 75.3

78.4 79.4 81.9

84.4

87.4

90.5 93.2

60

65

70

75

80

85

90

95

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Thou

sand

s of

Stu

dent

s

October Count

District Enrollment: Highest Growth of Urban Districts

11

Impact of At-Risk

As a percent of total students, DPS’ At-Risk pupils are declining slightly while the State in total has effectively remained flat

As the economy has improved, we are seeing a mix-shift from Free lunch eligible to Reduced

If this trend continues, DPS’s At-Risk funding could be reduced by $1M - $2M per year

5.5%

4.4% 2.7% 2.7%

(2.3%)

(0.5%)

(15.2%)

(8.4%)

4.6%

8.6%

20.7%

1.6%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

FY10-11 FY11-12 FY12-13 FY13-14 FY 14-15 FY 15-16(Forecast)

Free vs Reduced Lunch Growth Rate

Free Reduced Total

45,858

48,137

50,025

51,377

52,253 51,589 51,356

66.2%

68.6% 68.9% 68.7%67.5%

64.4%

62.2%

71.5% 72.6% 72.6% 72.4% 72.2%

69.6%

67.4%

30.0%

35.0%

40.0%

45.0%

50.0%

55.0%

60.0%

65.0%

70.0%

75.0%

40,000

42,000

44,000

46,000

48,000

50,000

52,000

54,000

56,000

58,000

60,000


% o

f T

ota

l Stu

de

nts

At-

Ris

k P

up

ils

At-Risk & FRL Pupils

At-Risk Pupils % At-Risk Pupils % Free and Reduced Lunch Pupils

12

Federal Funding

Federal Formula Revenue is expected to be effectively flat in FY 2015-16 Competitive funding is expected to be reduced in FY 2015-16 due to the conclusion of the

i3 grant Federal funds are targeted primarily at schools with larger populations of high-needs

students Reauthorization of Title funding could negatively impact future year formula funding as the

Colorado economy improves vs the rest of the nation and Denver within the state

$0

$10

$20

$30

$40

$50

$60

$70

FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16

Federal Formula Funding*

Title I Title II & III IDEA ARRA (incl. Title I, II & IDEA) Other

$82.9

$66.2 $68.9 $65.6 $60.5

$29.6

$33.1 $34.4

$34.5

$24.0

$0

$20

$40

$60

$80

$100

$120

FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16

Federal Funding: Formula vs Competitive

Formula Competitive

13

FY 2015-16 Proposed Budget

14

State of the State

Governor’s

Proposed

Budget

January 2015

One-time reduction in Negative Factor by $200M statewide PPR increase of $194 or 2.6% from $7,355 to $7,549 excluding the one time reduction in Negative

Factor Including, Negative Factor reduction, increase to Total Program funding of ~$56M

March 2015

Economic

Forecast

Impact to DPS

Colorado General Fund revenue is projected to grow 5.5% or ~$500M from FY2014-15 to FY2015-16. This represents a slight reduction from previous estimates due to lower projected Oil & Gas revenues.

Colorado maintains a position as one of top states in economic performance For FY2014-15 and FY2015-16, revenue subject to TABOR is expected to be $216M and $205M

including the reduced tax rate from the Earned Income Tax Credit in FY 2014-15 above the Referendum C cap respectively

The legislative failure to classify the Hospital Provider Fee as an Enterprise fund will negatively impact future K-12 education as it will hasten the TABOR refunds

Transfers to the Capital Construction and Highway Users Tax Funds authorized by SB09-228 will begin during FY2015-16 due to personal income growth exceeding 5% and resulting in $50M allocated to this use but due to TABOR refunds, this amount will be reduced by half

School

Finance Act /

PERA True-up

Increase in Public School Total Program funding by $311 million statewide Recurring reduction in Negative Factor by $25M statewide Additional $5M of At-Risk funding statewide PPR increase of $306 or 4.1% from $7,355 to $7,661 including an assumed $50M reduction in the

Negative Factor through a supplemental budget request Net of charter pass-throughs, increase to Total Program funding of ~$56M PERA True-up will decrease our cost basis by ~$23M to the District of which ~$3M will go directly to

Charter schools

Sources: Information on Governor’s Proposed Budget and March Economic Forecast are from the Colorado Legislative Council15

FY 2015-16 Budget Assumptions

Budget Input Assumption

Enrollment

Per Pupil Revenue – $7,661 Funded Pupil Count – 86,507 (K=.5) per Planning & Analysis forecast Total Projected Enrollment – 92,037 (ECE & K = 1.00) FRL 67.1% (including charters)

Pension Contributions

With the passage of the PERA True-up, blended DPS Division statutory Contribution Rate decreases by approximately 3% of covered payroll costs

Compensation

Changes

DCTA salaries increasing per the latest DCTA collective bargaining agreement signed in FY2012-13, which includes a 2.8% cost of living increase for all DCTA members and steps and lanes for all eligible members in FY2014-15 totaling 4.56% impact to General Fund (additional increases come from ProComp)

All other bargaining groups planned to receive the equivalent of a step and COLA, or 4.56% increase

Student Based Budget

Changes

SBB formula largely unchanged from FY2014-15 SBB Base allocation increased due to account for higher average salary in FY 2015-16 Increase to provide an equivalent purchasing power SBB Allocations updated to account for changes in Enrollment and student demographics

16

16

FY 2015-16 Incremental Revenue Assumptions

In the January BoE Working Session, we presented assumptions on Year over Year revenue increases in the General Fund that would have resulted in a net increase of $59M

With the passage of the School Finance Act and PERA Rate True-up, we believe we will see an increase of $50M

There is potential that the State Equalization (Share) will remain flat and a Supplemental Budget request in January will be made to decrease the Negative Factor by $50M due to higher Local Property Taxes from higher than expected property Assessed Values

* Investments using the MLO funds must be spent in accordance with the ballot language

January

Estimate

Current

Estimate

School Finance Act

Enrollment & Inflation $35 $35Reduction to Negative Factor $16 $3At-Risk Supplemental $0 $1

Total School Finance Act $50 $38

DPS' Assumptions

School Finance Act $50 $38PERA True-Up (Expense Offset) $23 $232012 MLO AV Growth* $7 $14Charter Pass Through ($21) ($24)

Total Incremental Revenue Assumption $59 $50

Other Potential Revenue Sources

Flat State Equalization (Supplemental) $0 $5

17

Mill Levy and General Fund Simplification

Mill Levy Overrides

In order to simplify the budgeting and management of resources and expenditures, we are combining the Mill Levy Override funds into the General Fund (Fund 10)

School and Department leaders will no longer need to manage resources across multiple funds (i.e. split-funding employees)

This approach will enable more holistic program reporting to the community and stakeholders Obligations to voters will be maintained

– Required minimums for staffing and supplies Allows for a better focus on outcomes and results as opposed to inputs and accounting details

Risk Management

Risk Management will be incorporated into the General Fund (Fund 10) from Fund 18– Operated as a department rather than a separate fund

Capital Reserve Fund

Non-capital (primarily personnel) expenses moved to General Fund departments from Fund 43 No impact to either fund’s balances or sources/uses of fund balance Simplifies reporting and management of resources

18

FY 2015-16 General Fund Expenditures

95% of all expenditures are either direct to schools or in support of schools

($'s in Thousands)

General

Operating

Fund

General

Projects

Fund 13

2005 Mill

Levy

Override

Fund 28

Federal,

State, and

Private Grant

Funds

Special

Revenue

Fund 29 Food Service Pupil Activity

FY 15-16

Proposed

Budget

FY15-16 % of

Total

Expenditures

School

SBB 399,529$ -$ -$ 18,395$ -$ -$ -$ 417,924$ 39%Other Sources 32,989$ 1,100$ -$ 31,607$ 8,477$ -$ 3,250$ 77,423$ 7%School Carryforward 5,214$ -$ -$ -$ -$ -$ -$ 5,214$ 0%Budget Assistance 7,213$ -$ -$ -$ -$ -$ -$ 7,213$ 1%Charter Schools 123,096$ -$ -$ 6,184$ -$ -$ -$ 129,280$ 12%ProComp (Teacher Salary and Benefits) -$ -$ 38,793$ -$ -$ -$ -$ 38,793$ 4%

Total School Expenditures 568,042$ 1,100$ 38,793$ 56,186$ 8,477$ -$ 3,250$ 675,848$ 63%

School Support Services

Special Education/Student Serv. 58,966$ -$ -$ 25,160$ -$ 34$ -$ 84,160$ 8%Facilities, Utilities, Insurance 62,334$ 916$ -$ 88$ -$ -$ -$ 63,339$ 6%Academic Support 70,869$ 3,416$ -$ 15,419$ -$ -$ -$ 89,704$ 8%Transportation 23,464$ -$ -$ -$ -$ -$ -$ 23,464$ 2%Community Engagement, Adult Ed, Voc Ed, Other Ed 26,389$ 173$ -$ 1,627$ 3,318$ -$ -$ 31,508$ 3%Food Service -$ -$ -$ -$ -$ 43,087$ -$ 43,087$ 4%Athletics -$ -$ -$ -$ -$ -$ 1,751$ 1,751$ 0%Other 5,084$ 94$ 108$ 1,187$ -$ -$ -$ 6,474$ 1%

Total School Support Services Expenditures 247,106$ 4,600$ 108$ 43,482$ 3,318$ 43,121$ 1,751$ 343,486$ 32%

Central

Central Support Services 43,652$ 3,434$ 1,736$ 5,612$ -$ -$ -$ 54,435$ 5%Total Central Support Services 43,652$ 3,434$ 1,736$ 5,612$ -$ -$ -$ 54,435$ 5%

Total General Fund & Mill Levy Expenditures 858,801$ 9,133$ 40,637$ 105,281$ 11,795$ 43,121$ 5,001$ 1,073,768$ 100%

19

SBB

Base Funding - Same dollar amount allocated to all schools and all students Weighted Funding - Additional funds allocated based on student / school demographics

– Free and Reduced Lunch Eligible - Gifted and Talented– English Language Learners - School Performance

Per Pupil Allocations Funding – Allocated to a school on a per pupil basis to fund specific types of purchases

– Early Childhood Education - Arts / Music / PE– Student Literacy - Textbooks– Technology - Title I

Non-SBB Funding - Additional resources allocated based on unique circumstances

– Private grant funding / donations - Class Size Relief– Carry forward (unspent money from the prior year

$4,312$4,374

$4,520$4,605

$4,917$4,984 $5,030

$6,941 $6,873 $6,858 $7,013

$7,355

$7,661

$4,000

$4,500

$5,000

$5,500

$6,000

$6,500

$7,000

$7,500

$8,000

$3,000

$3,500

$4,000

$4,500

$5,000

$5,500

$6,000


To

tal A

t-R

isk

Fu

nd

ing

(in

millio

ns)

SBB vs State Per Pupil Revenue

SBB Funding State PPR

20

Teacher Compensation Increases for FY 2015-16

The average returning teacher to DPS will earn an increase of 5.6% over their total compensation if the 2014-15 school year

We plan on hiring an additional 150 teachers in FY 2015-16 and 150 teachers the following year

Returning DCTA Member Increase

Average $ % Increase

FY14-15 Actual Salary $52,859

2.8% COLA Increase $1,481 2.80%Average ProComp Salary/Bonus and Step/Lane Increase $1,473 2.79%Total Comp Increase $2,954 5.59%

FY15-16 Average Salary $55,813 5.59%

Assumptions

1. Includes all DCTA members in all funds2. Based on actual salary increases, regardless of funding (includes ProComp)

21

Aligning the Budget Process to Denver Plan 2020

Analysis and Alignment with

Denver Plan 2020

Began thinking about investments this fall with assessment of latest thinking (e.g., Opportunity Quartile, Council on Great City Schools Report, ERS ROI report) and what levers and investments would create greatest likelihood of accelerating progress to Denver Plan 2020 goals.

Stakeholder Feedback and Prioritization

Throughout, have engaged teachers, school leaders and Board of

Education members in conversations about key strategies and investments

Initial Approval and Budget

Development

With initial approval of budget assumptions by the Board of Education, schools and departments proceeded to develop their budgets for 2015-16

Budget ApprovalMay 2015 with solid financial information from state, review of proposed budget, DAC and BoE recommendations, and budget approval

22

Board of Education Engagement in Budget Development Process

Through the fall smaller group discussions on strategies and key investments within those strategies

November 10th: Focus on Achievement analysis of current year work across the Denver Plan Priorities

December 4th: Focus on Achievement discussion of budget priorities

January 12th Board Working Session: Presentation of Financial State of the District and Proposals for FY 2015-16

May 18th Board Working Session: Discussion of Proposed Budget and DAC recommendations

In addition to strategy setting discussions throughout the year (like work teams,

strategy sessions on the academic plan, etc), The Board been engaged throughout

the Budget Development process

23

Reductions to Current Budgets / Run Rate

Reductions to Current Budgets Notes

CAIO

Office of School Support ($2,135) Reduce POs ($1.368M) and TECS ($507K), Operational budget ($200K), ReducesLevels ($40K), Reduce Position from Director to Sr. Manager ($20K),

Office of School Reform and Innovation ($437) ELO Program Support ($162K), SCAN Program Cut ($150K), ELO Grants ($86K), SSD ($39K)Assessment, Research and Evaluation ($135) Move SPF Development to BondEnglish Language Acquisition ($325) ELA Summer Academy Extra Pay ($200K), Imagine Learning FTE ($97K), PD Books ($18K),

Summer Academy Warehouse ($10K)CAIO - Strategic Projects ($262) Reduce Contracted Services ($168K), Project Manager FTE ($94K)Office of Chief Academic and Innovation Officer ($139) Reduce Professional Services ($139K)Interdisciplinary Learning ($10) Reduce Athletics Salary from .8 FTE to .65 FTE ($10K)Student Services ($200) Reduce PD Extra Pay ($200K)Teaching and Learning ($259) Reduction in contracted services for PD ($121K), Reduction in extra pay ($138K)Total CAIO ($3,902)

Human Resources

Teacher Effectiveness ($100) Reduce $ Allocated to PAR PanelTotal Human Resources ($100)

COO

Assets Management ($1) Mileage Reduction ($1K)Safety and Security ($219) Recovery of 25% of SRO Fee ($150K), FTE Reduction ($54K), Charter Fingerprinting Fee ($15K)

Transportation ($100) Service Area Reduction ($100K)Warehouse ($14) Reallocate .25 FTE to Food Services ($14K)DoTS ($246) Director of Enterprise Data Security ($120K), Training ($10K), Mileage ($8K), Catering ($1K);

Copier / Supplies Reduction ($7K), Move FTE to Bond ($100K)Facilities ($355) Vehicle Replacement ($35K), Energy Conservation ($182K), Natural Gas ($88K), Billing

Improvements ($25K), Conservation ($25K)Financial Services ($246) Training ($20K), Assistant Controller to Accountant ($56K), Increase VISA Rebate ($170K)COO ($48)Choice and Enrollment Services ($110) Eliminate Choice Director ($110K)School Consolidation ($68) Year Zero Reduction ($36K), FTE Reduction ($32K)Total COO ($1,407)

Grant Cliffs Not Backfilled

Federal Grants ($6,900) i3 CSR Grant not backfilledPrivate Grants ($1,547) Portions of Dell Data Culture and PSD, Janus and other miscellaneous grantsTotal ($8,447)

Total Reductions ($13,856)

24

Base Expense Increases

Total Base expenses are expected to increase by more than $48M from FY 2014-15 to FY 2015-16

($'s in Thousands)

FY 2015-16

Increase

Enrollment Increase

- Charter pass throughs- SBB Enrollment changes- Increased Students with Disabilities

$28,317

Base Compensation Adjusments

- 4.56% Increase for all employees from General Fund$13,000

Expenses Associated with Footprint Expansion

- Due to the addition of new schools & enrollment zones, operating costs are increasing to support the expanded student base- Two new Enrollment Zones- New athletics expense for new Stapleton HS @ Paul Sandoval Campus- Custodial support of new schools/buildings and expanded programming- Isabella Bird Newcomer Center- Transportation support of enrollment zones and charter SPED services- Safety and Security support of new schools

$2,515

Grant and Other Cliff Backfills

- Use General Fund to retain employees currently funded by expiring Grants and the 2008 Bond- Includes CAIO, HR and COO employees for the Gates, Wallace and Race to the Top expiring grants

$1,727

Rate Increases to Existing Base Expenses

- Utilities & Custodial supplies rate increases- Telecom costs- Audit Fees

$1,653

25

Strategy and Resource Allocation for FY 2015-16 Plan – Leadership

Core theory of change that guides our strategies:

Achieving the outcomes we expect for students can only happen with strong, broad, supportive, motivated leadership teams: teachers isolated in classrooms cannot sustain transformative improvements in outcomes for students year after year. We know that broad, strong leadership teams attract great teachers and support learning across entire school.

Core strategies we are pursuing & why:

• Broaden structures for meaningful teacher leadership &

develop and support assistant principals because the work of providing coaching, feedback, and development to dozens of teachers is best accomplished by leveraging the skills of a talented team.

• Develop strong pipelines of leaders internally and through key partnerships because the needs of our students are high and the demand for transformational leadership is great.

• Rigorous processes to match leaders with needs of school

and significant incentives for them to stay because transformation of our highest needs schools requires unique leadership skills applied over multiple years.

• Develop systems to better support principals through meaningful cycles of feedback and development & provide clear expectations and accountability for performance and growth.

Incremental FY 2015-16 Investments

• Differentiated Roles Expansion

• Principal Compensation Increase and Extended Year

• Instructional Superintendent Network Support and Relay Principal PD

26

Key Initiatives in FY 2015-16 Plan – Leadership

Initiative / Summary ($'s in Thousands)

FY 2014-15

General Fund

Budget

FY 2015-16

Adjustments

FY 2015-16

Proposed

General Fund

Budget

Differentiated Roles/Distributed Leadership Expansion

- Expand the Differentiated Roles (Teacher Leaders) from 39 to 72 schools to increase capacity for strong coaching, feedback and support to teachers- In conjunction with TIF Grant funding- Expands the number of Teacher Leaders from 137 to 260- Includes the funding for an additional 130 teacher FTE to backfill the time Team leads will no longer be teaching- Move supervision of SSP's (Speech Language Pathologists) to Central Office to take off Principals plate. Majority of SSPs currently not receiving evaluations following the Teacher Lead model for peers to evaluate SSPs

$1,600 $4,900 $6,500

Principal Comp Increases for Highest Needs Schools & Extended Year

- Lead the market in principal compensation to improve our ability to attract, retain and provide greater incentives for leaders to serve in high-needs schools- Realignment of Principal ProComp Incentives. Expansion of 'Hard-to-serve' to all Title 1 schools. - Extends Elementary Principal Calendar from 209 to 215

$3,405 $770 $4,175

Instructional Superintendent Support for Pathways / Innovation Schools

- Add Instructional Superintendent and ISP for Innovation schools to align IS support with Network structure- Add Deputy Instructional Superintended for Pathways schools

$0 $437 $437

Relay Principal Development

- Extend Relay professional development across all district run schools. We have been piloting this to great success for the past few years, and this will extend this PD to approximately 45 schools

$0 $400 $400

27

Strategy and Resource Allocation for FY 2015-16 Plan – Teaching


Given rising expectations created by new standards, the ambitious goals of the Denver Plan 2020, and our deeply held belief that school leaders need flexibility in critical choices they make around the academic programs, we need to think differently. This means giving school leaders options to choose dramatically improved supports and services (like curriculum & assessment), so we can support teachers in building their classroom practices and in meeting students where they are.


• Train teachers & support staff to understand grade-level standards, including an emphasis on deepening access to content-specific expertise, and calibrating expectations for grade-level student work because deeply understanding the standards and content is a precursor to impactful teaching.

• Tighten alignment between standards, curriculum, instruction, and assessment because to date these have not been tightly aligned.

• Re-design professional learning and provide more release time for teachers and teacher leaders because we both need to increase the amount of time dedicated to adult learning while also radically improving the quality and relevance of our professional learning opportunities.


• Standards Implementation

• Language, Literacy and Content Partners

• Data, Assessment and Teaching Software Supports

• Culturally responsive training/pedagogy for teachers

• Teacher Effectiveness and New Educator Supports

Note: We are working to operationalize systems for schools to opt-in to curriculum, assessment and professional development

28

Key Initiatives in FY 2015-16 Plan – Teaching


FY 2014-15

General Fund

Budget

FY 2015-16

Adjustments

FY 2015-16

Proposed

General Fund

Budget

Data, Assessments and Teaching Software Supports

- Expand access to supports for teachers and school leaders for teaching, data analysis and new assessments through the purchase or development of assessments and software supports - Includes: ANET, Standards Assessment Bank, Data Culture Analysts, New Interim Assessments, BrainPop SW, Safari SW, and STAR SW

$210 $2,383 $2,593

Teacher Effectiveness and New Educator Training & Support

- Ensure strong process for identifying and bringing new teachers into the district, with a focus on improving operational onboarding processes and planning for improvements to new teacher PD- Support the extension of the Denver Teacher Residency to ensure a strong pipeline of highly prepared teachers, particularly in high needs subject areas- Expansion of pilot teacher preparation program (Gen Teach) to provide college students with experience teaching in summer school middle school intervention programs- Additional School Improvement Partners and Data Assessment Partners for Secondary schools

$393 $2,270 $2,663

Language, Literacy & Content Partners

- Staff networks with the content expertise to support standards implementation and professional learning- 18 FT Academic Partners to support CAS in Literacy and Math (Direct support to Networks)

$0 $1,712 $1,712

Culturally Responsive Teaching including the Black Male Initiative

- Initiative strives to increase graduation rates in a traditionally underserved population $0 $200 $200

Other

- Headcount for Newcomer Center planning- Student and Para professional recruitment investments- CTE programs expansion support

$0 $284 $284

29

Strategy and Resource Allocation for FY 2015-16 Plan – Flexibility


Empowering schools through flexible, school-based decision making, while working to build capacity of lower-performing schools through more intense, differentiated supports will provide greatest opportunity for all schools to succeed. Providing opportunities for schools to innovate and create environments that best meet academic and social/emotional needs of their students, will provide greatest opportunity for our students to succeed.


• Defined, tiered supports for increasing performance at our lowest performing schools because research has shown that key supports/investments in our lowest performing schools, with appropriate time to implement, can create powerful improvements in how schools serve students.

• Increased student services to better meet the many and diverse needs of our students

• Personalization to strengthen student engagement, deepen learning and accelerate growth of every student


• Turnaround / Tiered Supports

• Student Services Supports

• Personalized Learning

Note: We are working to operationalize systems for schools to opt-in to curriculum, assessment and professional development

30

Key Initiatives in FY 2015-16 Plan – Flexibility


FY 2014-15

General Fund

Budget

FY 2015-16

Adjustments

FY 2015-16

Proposed

General Fund

Budget

Turnaround / Tiered Supports

- Work with our lowest-performing schools to make sure that they have the foundations for improvement- Direct Budget assistance to Schools of $1.2M- Turnaround ISP, Year 0 Principal Salaries and Support Staff $500K

$0 $1,700 $1,700

Student Services Supports

- Opening 11 center programs in Charter Schools to ensure charters adequately serve severe disabilities. 3.0 additional FTE supporting 54 charters.- Move supervision of SSP's (Speech Language Pathologists) to Central Office to take off Principals plate. Majority of SSPs currently not receiving evaluations following the Teacher Lead model for peers to evaluate SSPs

$5,481 $1,700 $7,181

Personalized Learning / Competency

- Expand the schools that are piloting and designing personalized learning initiatives so that more students are provided a personalized, student-driven learning environment

$2,500 $500 $3,000

Grant Cliffs, Diversity & Professional Development

- Develop systems and structures for implementing flexibility components of the strategic plan- Fund targeted diversity hiring work including national recruitment efforts- Dell Data Culture Grant Cliff

$50 $425 $475

31

Strategy and Resource Allocation for FY 2015-16 Plan – Invest Early

Several members of the Board of Education and staff convened an Invest Early work team that identified the following key considerations:

• Tightening transitions (between home care and ECE, or ECE and kindergarten, or kindergarten and first grade as examples).

• Ensuring targeted strategies to support teacher’s development of knowledge and skills specific to the needs of early learners.

• Assessing publically “early learning” indicators for early education classrooms.

• Integrating “whole child” work strategically into early education classrooms.

Based on these considerations, we have defined a series of Invest Early principles and are currently in discussions with city partners about how to work together to best support our students 0 – 5

For next year, the elementary education team is continuing a focus on English Learner language development and early literacy with expanding ELD and piloting Strategic Reading Partners

32

Key Initiatives in FY 2015-16 Plan – Invest Early


FY 2014-15

General Fund

Budget

FY 2015-16

Adjustments

FY 2015-16

Proposed

General Fund

Budget

ELD Expansion

- Expand EL Achieve Pilot in order to expand quality ELD instruction, professional learning and materials for teachers and students.

$92 $658 $750

Strategic Reading Program Pilot

- Ensure elementary teachers have a strong knowledge of how students learn to read and provide those teachers with the appropriate supports to teach and differentiate reading- Strategic Reading Program (Literacy Fellows, Reading Partners, or Children's Literacy Initiative; Focused on Read Eligible Students)- This represents a match to a private donation to fund the larger initiative

$0 $300 $300

33

Strategy and Resource Allocation for FY 2015-16 Plan – Culture

Core strategies we are pursuing & why

Leaders are critical to ensuring we reach the goals in the Denver Plan 2020 and we have an essential role in developing their leadership

capacity

Strong teams drive impact. We have an essential role in ensuring we have engaged, effective and values-based teams

The effectiveness of an organization in driving results alongside engaging and inspiring its workforce is what accelerates progress toward one’s mission/vision. To ensure we are on track in both areas, we need to measure engagement due to the direct correlation between engagement and outcomes for students

Increasing capacity of staff to advance equity is an essential function given students will not learn unless adults know how to meet them where they are

Researchers continue demonstrate that college and career success are tightly linked to a students’ life skills. We have an essential role incultivating the personal success factors of students in support of the whole child’s social and emotional intelligence


To drive transformative changes for our students requires teams of individuals (students and adults) working together. By proactively building a positive, engaged culture based on shared values as opposed to elements that can divide us all of the other investments we make will be more likely to have transformative impact.

Incremental FY 2015-16

Investments

Expand Personal Success Factors work from 10 to 30 schools

With significant funding from grants as well as partnerships, this effort is not resource intensive for the 2015/16

Select investments to improve customer service

34

Key Initiatives in FY 2015-16 Plan – Culture & Other Supports


FY 2014-15

General Fund

Budget

FY 2015-16

Adjustments

FY 2015-16

Proposed

General Fund

Budget

Parent Teacher Home Visits

- Additional Coordinator- Increasing home visits from 7,500 to 10,000- Increasing training, supplies, and food associated with expansion

$320 $305 $625

Benefits, Human Resources, Administrative Support

- Personal Success Factors- 2 New translators to support multi-lingual programming- SPF Flyers mailed home to parents - Additional Stipends for 2 Americorp members to support student attendance and parent engagement at turnaround/underperforming schools- Increased performance speed and functionality for all GHR functionalities- Resources to hire additional recruiter and provide operational budget dedicated to Student Services Recruitment

- Enable Mobile access to SmartFind Express- Backfill select Grant Cliff positions- Expanding Personal Success Factors program from 10 to 30 schools

$794 $506 $1,300

Chief Operating Office Operating Support

- Fraud Hotline Implementation- Contractor Surge Support for enhanced support of school leaders during CMAS testing- Planning & Financial Services Support- Facilities Support

$0 $350 $350

Human Resources Operational Support

- Improve leaves process with increased compliance and auditing- HR Partner Support

$0 $196 $196

35

Fund Summaries

36

General Fund

37

General Fund Description

General Fund (Fund 10): The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in other funds. Beginning in FY 2015-16, the General Fund (Fund 10) includes all revenues, expenses and balance sheet items for the following prior funds:

– Risk Management Fund: This fund will no longer be used beginning July 1, 2015. From then on, we will be accounting for Risk Management as a department in the General Fund and will no longer have its own fund. All reserves, liabilities and expenses will be incorporated into the General Fund.

– Mill Levy Overrides (MLO): The voter approved Mill Levy Overrides passed in the years 1998, 2003 and 2012 will be incorporated into the General Fund (Fund 10) beginning July 1, 2015. The 1988 MLO has previously been reported within General Fund (Fund 10).

The General Fund also includes the following funds:– Colorado Preschool Program (Fund 19): Colorado General Assembly initiative to prepare four and

five year old children with specific at-risk factors in need of language development.– Special Projects (Fund 13): Per GASB 54, this fund was created to distinguish projects based on

funding sources. Funds that are constrained by the District’s intent to be used for specific purposes, but are neither restricted nor committed and monies which have not been restricted, committed or assigned to a specific purpose

38

General Fund excl. Special Projects

Including all Mill Levy Overrides, the General Fund is expected to have a use of fund balance of $4M– This currently projects a source of fund balance across the MLOs of $5.5M

We are targeting a $11M use of fund balance across the Mill Levy Overrides resulting in an increase of ~$7M in fund balance for the traditional General Fund

Over the next month, we will work to prioritize the use of those funds, either for building fund balance or initiatives to support compensation and benefits supports for our lowest paid employees, teacher leadership and teacher compensation.

FY14-15 FY14-15 FY15-16

Adopted Amended Proposed

Unaudited ($'s in Thousands) Budget Budget Budget

Beginning Balance 131,110$ (310)$ 130,800$ (24,442)$ 106,358$

Revenue 774,591$ 11,644$ 786,235$ 44,323$ 830,557$ Expenses (incl. Interfund Transfers) 802,926$ 8,751$ 811,677$ 22,916$ 834,593$ Ending Balance 102,774$ 2,584$ 105,358$ (3,035)$ 102,323$

Source / (Use) of Fund Balance (28,336)$ 2,893$ (25,442)$ 21,407$ (4,035)$

Appropriated Reserves 50,101$ (8,850)$ 41,251$ 8,891$ 50,142$ Unappropriated Reserves 52,673$ 11,434$ 64,107$ (11,927)$ 52,180$ Total Reserves 102,774$ 2,584$ 105,358$ (3,035)$ 102,323$

Total Appropriation 853,027$ (100)$ 852,928$ 31,807$ 884,735$

Adjustments Adjustments

39

General Fund incl. Special Projects

The Special Projects fund is forecasting a Use of Funds of ~$2.3M due to the use of fund balance in support of Kaleidoscope Corner, Emily Griffith Technical College and other after school programs

FY14-15 FY14-15 FY15-16



Beginning Balance 139,425$ 3,600$ 143,025$ (27,175)$ 115,850$

Revenue 782,985$ 13,451$ 796,436$ 42,535$ 838,971$ Expenses (incl. Interfund Transfers) 816,879$ 9,889$ 826,768$ 18,576$ 845,344$ Ending Balance 105,531$ 7,162$ 112,693$ (3,216)$ 109,477$

Source / (Use) of Fund Balance (33,894)$ 3,562$ (30,332)$ 23,959$ (6,373)$

Appropriated Reserves 52,858$ (7,883)$ 44,975$ 12,321$ 57,296$ Unappropriated Reserves 52,673$ 15,045$ 67,718$ (15,538)$ 52,180$ Total Reserves 105,531$ 7,162$ 112,693$ (3,216)$ 109,477$

Total Appropriation 869,737$ 2,006$ 871,743$ 30,898$ 902,640$


40

Capital Funds

41

Capital Projects Building Fund

Projects estimated in FY15-16: – New Capacity: Northfield Campus, Florence Crittenton– Maintenance: Renovations and HVAC upkeep– Tech: Educational Technology and IT Infrastructure

Fund description: The capital projects building fund is used to account for and report financial resources that are restricted, committed or assigned to expenditure of capital outlays, including the acquisition or construction of capital facilities and other capital assets

FY14-15 FY14-15 FY15-16



Beginning Balance 105,374$ 256$ 105,630$ (256)$ 105,374$

Revenue 109,429$ -$ 109,429$ 1,424$ 110,852$ Expenses (incl. Interfund Transfers) 106,361$ -$ 106,361$ 5,398$ 111,759$ Ending Balance 108,442$ 256$ 108,698$ (4,230)$ 104,467$

Source / (Use) of Fund Balance 3,068$ -$ 3,068$ (3,974)$ (906)$

Appropriated Reserves -$ -$ -$ 104,467$ 104,467$ Unappropriated Reserves 108,442$ 256$ 108,698$ (108,698)$ -$ Total Reserves 108,442$ 256$ 108,698$ (4,231)$ 104,467$

Total Appropriation 106,361$ -$ 106,361$ 109,865$ 216,226$


42


Majority of budget in the last two fiscal years were one time projects. They are virtually complete, thus balance & reserve are greatly reduced.

Revenue increase due to prior and current year asset sales: Children’s Museum, 900 Grant & EGTC totally to $24M.

Expenditures are primarily comprised of Recurring Capital Maintenance, COPs Repayment, 200 East 9th, Debt Service.

In FY16 majority of non-capital expenditures and corresponding revenue were moved from CRF to general fund, approximately $11.9M.

Fund description: This capital projects fund is used to accumulate resources, primarily general fund support, for the acquisition, renovation and maintenance of capital assets as required by state statute

FY14-15 FY14-15 FY15-16



Beginning Balance 69,854$ (17,881)$ 51,973$ (40,711)$ 11,261$

Revenue 15,695$ 11,302$ 26,997$ 13,726$ 40,723$ Expenses (incl. Interfund Transfers) 63,104$ (44,797)$ 18,307$ 24,036$ 42,343$ Ending Balance 22,445$ 38,218$ 60,663$ (51,021)$ 9,642$

Source / (Use) of Fund Balance (47,409)$ 56,100$ 8,690$ (10,310)$ (1,619)$

Appropriated Reserves 21,456$ 36,018$ 57,474$ (57,446)$ 28$ Unappropriated Reserves 989$ 2,200$ 3,189$ 6,425$ 9,614$ Total Reserves 22,445$ 38,218$ 60,663$ (51,021)$ 9,642$

Total Appropriation 84,560$ (8,779)$ 75,780$ (33,410)$ 42,370$


43

Bond Redemption Fund

Reserves were moved from Unappropriated to Appropriated No material operational changes for this fund

Fund description: The bond redemption fund (debt service fund) accounts for and reports financial resources that are restricted or committed for the payment of principal and interest on long-term general obligation debt of the School District as a result of the issuance of general obligation bonds

FY14-15 FY14-15 FY15-16




Revenue 109,429$ -$ 109,429$ 1,424$ 110,852$ Expenses (incl. Interfund Transfers) 106,361$ -$ 106,361$ 5,398$ 111,759$ Ending Balance 108,442$ 256$ 108,698$ (4,230)$ 104,467$

Source / (Use) of Fund Balance 3,068$ -$ 3,068$ (3,974)$ (906)$

Appropriated Reserves -$ -$ -$ 104,467$ 104,467$ Unappropriated Reserves 108,442$ 256$ 108,698$ (108,698)$ -$ Total Reserves 108,442$ 256$ 108,698$ (4,231)$ 104,467$



44

Grant Funds

45

Government Designated Purpose Grant Fund

The award period for several federal grants ended in FY 15, resulting in a decreased appropriation for FY 16– Grants that are ending include i3 CSR grant and Teacher Quality Partnership

Medicaid has been reclassified from Special Revenue Fund to GDPG in FY 16 Fund balance includes Emily Griffith Technical College operating reserve

Fund description: The GDPG is used to account for financial resources received from local, state, and federal grants including state funding for Emily Griffith Technical College and federal funding through the Title I, II, III and IDEA programs as well as other miscellaneous government grants

FY14-15 FY14-15 FY15-16



Beginning Balance 10,821$ (814)$ 10,006$ 2,772$ 12,778$

Revenue 114,847$ 17,064$ 131,911$ (13,056)$ 118,855$ Expenses (incl. Interfund Transfers) 105,835$ 13,430$ 119,265$ (3,065)$ 116,200$ Ending Balance 19,832$ 2,820$ 22,652$ (7,219)$ 15,433$

Source / (Use) of Fund Balance 9,012$ 3,634$ 12,646$ (9,991)$ 2,655$

Appropriated Reserves 17,274$ 3,652$ 20,926$ (7,096)$ 13,831$ Unappropriated Reserves 2,558$ (832)$ 1,726$ (124)$ 1,602$ Total Reserves 19,832$ 2,820$ 22,652$ (7,220)$ 15,433$

Total Appropriation 123,109$ 17,082$ 140,192$ (10,161)$ 130,031$


46

Special Revenue Fund

FY 16 reduction to beginning balance, revenue and expense primarily due to the reclassification of Medicaid from Special Revenue Fund to GDPG Fund

Fund description: The special revenue fund is used to account for the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt services or capital projects

FY14-15 FY14-15 FY15-16




Revenue 22,372$ 5,213$ 27,585$ (7,380)$ 20,205$ Expenses (incl. Interfund Transfers) 23,974$ 5,184$ 29,158$ (4,721)$ 24,437$ Ending Balance 2,945$ 5,842$ 8,787$ (5,741)$ 3,047$

Source / (Use) of Fund Balance (1,602)$ 30$ (1,572)$ (2,659)$ (4,231)$

Appropriated Reserves 606$ 30$ 636$ 2,411$ 3,047$ Unappropriated Reserves 2,339$ 5,813$ 8,152$ (8,152)$ -$ Total Reserves 2,945$ 5,842$ 8,788$ (5,741)$ 3,047$



47

Other Funds

48

Special Revenue ProComp Trust Fund

Slight increase in revenue due to inflation of 2.7%, but investment revenue is $500k less than previous year.

ProComp expenditures based on relationship between the Traditional and ProCompModels; gap between the two models is closing thus reducing costs.– Due to the long term effects of teachers not fully participating in the ProComp Program, where the

Traditional model assumes 100% step and grade movement.

Fund description: This special revenue fund is used to account for the proceeds of the voter-approved taxes from the 2005 Mill Levy Override. Its investments and expenditures are for the professional compensation system for teachers

FY14-15 FY14-15 FY15-16




Revenue 32,601$ -$ 32,601$ 521$ 33,122$ Expenses (incl. Interfund Transfers) 42,807$ 1,000$ 43,807$ (3,170)$ 40,637$ Ending Balance 31,742$ 1,751$ 33,493$ (6,912)$ 26,582$

Source / (Use) of Fund Balance (10,206)$ (1,000)$ (11,206)$ 3,690$ (7,515)$

Appropriated Reserves -$ -$ -$ -$ -$ Unappropriated Reserves 31,742$ 1,751$ 33,493$ (6,911)$ 26,582$ Total Reserves 31,742$ 1,751$ 33,493$ (6,911)$ 26,582$



49

Food Service Fund

Increase in revenue driven by gains in enrollment and increases in Federal Reimbursement rates for Free and Reduced Lunch Students. Revenue increase also driven by price increase approved by the Board of Directors for FY16.

Expense increase driven by new staffing needs at new schools and increased food costs due to increased enrollment.

Fund description: The food services fund accounts for the revenue and expenses related to providing breakfasts and lunches to District students and employees

FY14-15 FY14-15 FY15-16



Beginning Balance -$ -$ -$ -$ -$

Revenue 40,334$ -$ 40,334$ 2,878$ 43,212$ Expenses (incl. Interfund Transfers) 40,285$ -$ 40,285$ 2,835$ 43,121$ Ending Balance 48$ -$ 48$ 43$ 91$

Source / (Use) of Fund Balance 48$ -$ 48$ 43$ 91$

Appropriated Reserves 48$ -$ 48$ 43$ 91$ Unappropriated Reserves -$ -$ -$ -$ -$ Total Reserves 48$ -$ 48$ 43$ 91$



50

Pupil Activity Fund

$4.3 million budget transfer from General Fund to Pupil Activity Fund for Athletics across the district.

$310K in budgeted expenses for Northfield Athletics

$450K in budgeted expenses for SEI coaches, uniforms, and equipment for the District

Fund description: The pupil activity special revenue fund accounts for the revenue and expenditures of sponsoring athletic events at middle and high schools

FY14-15 FY14-15 FY15-16



Beginning Balance 300$ 58$ 358$ (8)$ 350$

Revenue 712$ -$ 712$ (144)$ 568$ Expenses (incl. Interfund Transfers) 797$ 215$ 1,012$ (317)$ 694$ Ending Balance 215$ (157)$ 58$ 166$ 223$

Source / (Use) of Fund Balance (85)$ (215)$ (300)$ 173$ (127)$

Appropriated Reserves -$ -$ -$ 223$ 223$ Unappropriated Reserves 215$ (157)$ 58$ (58)$ -$ Total Reserves 215$ (157)$ 58$ 165$ 223$

Total Appropriation 797$ 215$ 1,012$ (94)$ 918$


51

Warehouse/Reproduction Internal Service Fund

Slight decrease in budgeted revenue from FY2014-15, revenue is primarily for reimbursement related to services provided to schools or departments.

Decrease in budgeted expenses for services is proportional to the decrease in revenue.

Fund description: This fund accounts for the revenue and expenses associated with central copying services, office supplies, postage and rental of equipment purchased by schools and departments

FY14-15 FY14-15 FY15-16



Beginning Balance 68$ 110$ 178$ (178)$ -$

Revenue 1,011$ -$ 1,011$ (80)$ 931$ Expenses (incl. Interfund Transfers) 1,011$ -$ 1,011$ (82)$ 930$ Ending Balance 68$ 110$ 178$ (177)$ 1$

Source / (Use) of Fund Balance -$ -$ -$ 1$ 1$

Appropriated Reserves -$ -$ -$ 1$ 1$ Unappropriated Reserves 68$ 110$ 178$ (178)$ -$ Total Reserves 68$ 110$ 178$ (177)$ 1$

Total Appropriation 1,011$ -$ 1,011$ (80)$ 931$


52

Private Purpose Trust Fund

Decrease in budgeted revenue and expenses is due to aligning the budget with current forecast.

Fund description: This fund is not for the benefit of DPS; the beneficiaries are individuals or other organizations (COBRA, retiree health and life insurance trusts, DCTA & Paraprofessionals education trusts)

FY14-15 FY14-15 FY15-16



Beginning Balance 4,000$ 3,744$ 7,744$ (124)$ 7,620$

Revenue -$ 2,641$ 2,641$ (469)$ 2,172$ Expenses (incl. Interfund Transfers) 4,000$ 6,326$ 10,326$ (7,946)$ 2,380$ Ending Balance -$ 60$ 60$ 7,352$ 7,412$

Source / (Use) of Fund Balance (4,000)$ (3,685)$ (7,685)$ 7,477$ (208)$

Appropriated Reserves -$ -$ -$ 7,412$ 7,412$ Unappropriated Reserves -$ 60$ 60$ (60)$ -$ Total Reserves -$ 60$ 60$ 7,352$ 7,412$

Total Appropriation 4,000$ 6,326$ 10,326$ (534)$ 9,792$


53

Governmental Permanent Fund

Decrease in expenditures due to expected closeout of fund

End FY2015-16 with $0 fund Balance

Fund description: This fund is used to account for and report resources that are restricted to the extent that only earnings and not principal may be used for purposes that support the District’s programs

FY14-15 FY14-15 FY15-16



Beginning Balance -$ 128$ 128$ (127)$ 1$

Revenue 124$ (120)$ 4$ 0$ 4$ Expenses (incl. Interfund Transfers) 124$ 7$ 131$ (126)$ 5$ Ending Balance -$ 0$ 0$ (0)$ -$

Source / (Use) of Fund Balance -$ (128)$ (128)$ 127$ (1)$

Appropriated Reserves -$ -$ -$ -$ -$ Unappropriated Reserves -$ -$ -$ -$ -$ Total Reserves -$ -$ -$ -$ -$

Total Appropriation 124$ 7$ 131$ (126)$ 5$


54

Detailed Financial Schedules

55

2FY14-15 FY14-15 FY15-16



Beginning Balance 131,110$ (310)$ 130,800$ (24,442)$ 106,358$

Revenue

Property Taxes 376,914$ (13,609)$ 363,306$ 41,898$ 405,204$ State Categorical 33,909$ -$ 33,909$ -$ 33,909$ State Equalization 317,022$ 24,615$ 341,637$ 9,521$ 351,158$ Specific Ownership Taxes 27,351$ -$ 27,351$ 1,000$ 28,351$ Federal Revenue 3,200$ -$ 3,200$ 1,000$ 4,200$ Other Local Support 15,339$ -$ 15,339$ (10,088)$ 5,250$ Charter School Capital Construction 856$ 638$ 1,494$ 992$ 2,486$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 774,591$ 11,644$ 786,235$ 44,323$ 830,557$

Expense

Employee Salaries 441,068$ 13,537$ 454,605$ 17,949$ 472,555$ Employee Benefits 59,462$ 3,003$ 62,465$ (5,579)$ 56,886$ Charter Schools 104,945$ (2,365)$ 102,579$ 20,517$ 123,096$ Supplies & Materials 40,439$ 10,135$ 50,575$ (10,652)$ 39,923$ Purchased Services 47,695$ 1,958$ 49,653$ (6,299)$ 43,354$ Property 5,695$ 618$ 6,313$ (3,633)$ 2,679$ Debt Service Interest 45,873$ -$ 45,873$ -$ 45,873$ Debt Service Principal 13,360$ -$ 13,360$ -$ 13,360$ Other Expenses 648$ 661$ 1,309$ 2,452$ 3,761$ Interfund Transfers 11,514$ -$ 11,514$ (9,852)$ 1,662$ Site Assigned Reserves 14,007$ (6,724)$ 7,283$ 5,301$ 12,584$ School Location/Relocation Support 498$ 361$ 858$ 445$ 1,304$ School Carry Forward 12,465$ (12,465)$ -$ 13,500$ 13,500$ Unassigned Teachers 5,258$ 32$ 5,289$ (1,233)$ 4,056$

Total Expense 802,926 8,751 811,677$ 22,916$ 834,593$

Appropriated Reserves

Restricted - TABOR Reserve 22,974$ 359$ 23,332$ 1,562$ 24,894$ Assigned Reserves -$ 572$ 572$ 1,311$ 1,883$ General Contingency 12,628$ (9,781)$ 2,847$ 6,518$ 9,365$ CDE Audit 1,000$ -$ 1,000$ -$ 1,000$ Utilities 2,000$ -$ 2,000$ -$ 2,000$ School Location/Relocation Support Reserves 3,000$ -$ 3,000$ -$ 3,000$ Unassigned Teacher Reserves 6,000$ -$ 6,000$ -$ 6,000$ Risk Fund Reserve 1,000$ -$ 1,000$ 1,000$ 2,000$ Additional Student Supports 1,500$ -$ 1,500$ (1,500)$ -$

Total Approriated Reserves 50,101$ (8,850)$ 41,251$ 8,891$ 50,142$

Total Appropriation 853,027$ (100)$ 852,928$ 31,807$ 884,735$

Unappropriated Reserves 52,673$ 11,434$ 64,107$ (11,927)$ 52,180$


General Fund including MLO's, no Special Projects

56

2FY14-15 FY14-15 FY15-16




Revenue

Property Taxes 376,914$ (13,609)$ 363,306$ 41,898$ 405,204$ State Categorical 33,909$ -$ 33,909$ -$ 33,909$ State Equalization 317,022$ 24,615$ 341,637$ 9,521$ 351,158$ Specific Ownership Taxes 27,351$ -$ 27,351$ 1,000$ 28,351$ Federal Revenue 3,200$ -$ 3,200$ 1,000$ 4,200$ Other Local Support 23,733$ 1,807$ 25,540$ (11,876)$ 13,664$ Charter School Capital Construction 856$ 638$ 1,494$ 992$ 2,486$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 782,985$ 13,451$ 796,436$ 42,535$ 838,971$

Expense

Employee Salaries 449,099$ 14,049$ 463,147$ 17,975$ 481,122$ Employee Benefits 61,369$ 3,136$ 64,505$ (5,473)$ 59,032$ Charter Schools 104,945$ (2,365)$ 102,579$ 20,517$ 123,096$ Supplies & Materials 41,361$ 10,258$ 51,619$ (10,710)$ 40,909$ Purchased Services 49,308$ 2,118$ 51,425$ (7,180)$ 44,245$ Property 8,921$ 823$ 9,745$ (6,703)$ 3,042$ Debt Service Interest 45,873$ -$ 45,873$ -$ 45,873$ Debt Service Principal 13,360$ -$ 13,360$ -$ 13,360$ Other Expenses 677$ 667$ 1,344$ 2,451$ 3,795$ Interfund Transfers 8,778$ -$ 8,778$ (9,656)$ (878)$ Site Assigned Reserves 14,968$ (6,724)$ 8,245$ 4,642$ 12,887$ School Location/Relocation Support 498$ 361$ 858$ 445$ 1,304$ School Carry Forward 12,465$ (12,465)$ -$ 13,500$ 13,500$ Unassigned Teachers 5,258$ 32$ 5,289$ (1,233)$ 4,056$

Total Expense 816,879 9,889 826,768$ 18,576$ 845,344$


Restricted - TABOR Reserve 22,974$ 359$ 23,332$ 1,562$ 24,894$ Assigned Reserves 2,757$ 1,539$ 4,296$ 4,741$ 9,037$ General Contingency 12,628$ (9,781)$ 2,847$ 6,518$ 9,365$ CDE Audit 1,000$ -$ 1,000$ -$ 1,000$ Utilities 2,000$ -$ 2,000$ -$ 2,000$ School Location/Relocation Support Reserves 3,000$ -$ 3,000$ -$ 3,000$ Unassigned Teacher Reserves 6,000$ -$ 6,000$ -$ 6,000$ Risk Fund Reserve 1,000$ -$ 1,000$ 1,000$ 2,000$ Additional Student Supports 1,500$ -$ 1,500$ (1,500)$ -$

Total Approriated Reserves 52,858$ (7,883)$ 44,975$ 12,321$ 57,296$

Total Appropriation 869,737$ 2,006$ 871,743$ 30,898$ 902,640$



Total General Fund w/Special Projects

57

2FY14-15 FY14-15 FY15-16




Revenue -$ Property Taxes -$ -$ -$ -$ -$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support 500$ -$ 500$ (500)$ -$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 500$ -$ 500$ (500)$ -$

Expense

Employee Salaries 7,295$ -$ 7,295$ 197$ 7,492$ Employee Benefits 1,678$ -$ 1,678$ 127$ 1,805$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials -$ -$ -$ -$ -$ Purchased Services -$ -$ -$ 386$ 386$ Property 126,295$ 18,668$ 144,963$ (1,818)$ 143,145$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses 24,010$ -$ 24,010$ (24,010)$ -$ Interfund Transfers -$ -$ -$ -$ -$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 159,277 18,668$ 177,945$ (25,117)$ 152,828$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves -$ -$ -$ -$ -$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves -$ -$ -$ -$ -$

Total Appropriation 159,277 18,668$ 177,945$ (25,117)$ 152,828$

Unappropriated Reserves 233,063$ (20,813)$ 212,250$ (183,936)$ 28,314$


Building Fund

58

2FY14-15 FY14-15 FY15-16




Revenue -$ Property Taxes -$ -$ -$ -$ -$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support 9,226$ 11,302$ 20,528$ 13,726$ 34,255$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous 6,468$ -$ 6,468$ -$ 6,468$

Total Revenue 15,695$ 11,302$ 26,997$ 13,726$ 40,723$

Expense

Employee Salaries 3,913$ -$ 3,913$ (3,913)$ -$ Employee Benefits 1,020$ -$ 1,020$ (1,020)$ -$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials 6,113$ -$ 6,113$ (2,834)$ 3,280$ Purchased Services 8,096$ (494)$ 7,601$ (543)$ 7,058$ Property 48,813$ (44,303)$ 4,510$ 2,454$ 6,964$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal 241$ -$ 241$ 19,275$ 19,516$ Other Expenses 1,285$ -$ 1,285$ (1,235)$ 51$ Interfund Transfers (6,377)$ -$ (6,377)$ 11,851$ 5,474$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 63,104 (44,797)$ 18,307$ 24,036$ 42,343$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves 21,456$ 36,018$ 57,474$ (57,446)$ 28$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves 21,456$ 36,018$ 57,474$ (57,446)$ 28$

Total Appropriation 84,560 (8,779)$ 75,780$ (33,410)$ 42,370$

Unappropriated Reserves 989$ 2,200$ 3,189$ 6,425$ 9,614$



59

2FY14-15 FY14-15 FY15-16




Revenue -$ Property Taxes 109,208$ -$ 109,208$ 1,425$ 110,632$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support 221$ -$ 221$ (1)$ 220$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 109,429$ -$ 109,429$ 1,424$ 110,852$

Expense

Employee Salaries -$ -$ -$ -$ -$ Employee Benefits -$ -$ -$ -$ -$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials -$ -$ -$ -$ -$ Purchased Services 65$ -$ 65$ -$ 65$ Property -$ -$ -$ -$ -$ Debt Service Interest 62,471$ -$ 62,471$ (2,392)$ 60,078$ Debt Service Principal 43,765$ -$ 43,765$ 7,790$ 51,555$ Other Expenses -$ -$ -$ -$ -$ Interfund Transfers 60$ -$ 60$ -$ 60$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 106,361 -$ 106,361$ 5,398$ 111,759$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves -$ -$ -$ 104,467$ 104,467$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves -$ -$ -$ 104,467$ 104,467$

Total Appropriation 106,361 -$ 106,361$ 109,865$ 216,226$

Unappropriated Reserves 108,442$ 256$ 108,698$ (108,698)$ -$


Bond Redemption Fund

60

2FY14-15 FY14-15 FY15-16



Beginning Balance 10,821$ (814)$ 10,006$ 2,772$ 12,778$

Revenue -$ Property Taxes -$ -$ -$ -$ -$ State Categorical 14,651$ 11,288$ 25,940$ 75$ 26,015$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue 93,540$ 5,406$ 98,945$ (14,501)$ 84,444$ Other Local Support 6,656$ 370$ 7,026$ 1,370$ 8,396$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 114,847$ 17,064$ 131,911$ (13,056)$ 118,855$

Expense

Employee Salaries 57,008$ 5,636$ 62,643$ (7,446)$ 55,197$ Employee Benefits 16,047$ 1,225$ 17,272$ (1,861)$ 15,410$ Charter Schools 6,203$ 1,435$ 7,638$ (1,455)$ 6,184$ Supplies & Materials 4,604$ 272$ 4,877$ 419$ 5,295$ Purchased Services 15,739$ 3,355$ 19,094$ (6,692)$ 12,402$ Property 1,475$ 739$ 2,215$ (536)$ 1,679$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses 4,421$ 768$ 5,189$ (751)$ 4,438$ Interfund Transfers 338$ -$ 338$ (338)$ -$ Site Assigned Reserves -$ -$ -$ 15,596$ 15,596$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 105,835 13,430$ 119,265$ (3,065)$ 116,200$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves 17,274$ 3,652$ 20,926$ (7,096)$ 13,831$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves 17,274$ 3,652$ 20,926$ (7,096)$ 13,831$


Unappropriated Reserves 2,558$ (832)$ 1,726$ (124)$ 1,602$


Government Designated Purpose Grants Fund

61

2FY14-15 FY14-15 FY15-16




Revenue

Property Taxes -$ -$ -$ -$ -$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support 22,372$ 5,213$ 27,585$ (7,380)$ 20,205$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 22,372$ 5,213$ 27,585$ (7,380)$ 20,205$

Expense

Employee Salaries 11,405$ 2,319$ 13,723$ (2,515)$ 11,208$ Employee Benefits 2,957$ 465$ 3,422$ (392)$ 3,030$ Charter Schools -$ 431$ 431$ (431)$ -$ Supplies & Materials 4,143$ (290)$ 3,853$ (1,777)$ 2,076$ Purchased Services 3,410$ 2,302$ 5,711$ (2,928)$ 2,784$ Property 935$ 445$ 1,380$ (823)$ 557$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses 999$ (486)$ 513$ (353)$ 159$ Interfund Transfers (350)$ -$ (350)$ -$ (350)$ Site Assigned Reserves 475$ -$ 475$ 4,498$ 4,973$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 23,974$ 5,184$ 29,158$ (4,721)$ 24,437$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves 606$ 30$ 636$ 2,411$ 3,047$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves 606$ 30$ 636$ 2,411$ 3,047$


Unappropriated Reserves 2,339$ 5,813$ 8,152$ (8,152)$ -$


Special Revenue Fund

62

2FY14-15 FY14-15 FY15-16




Revenue -$ Property Taxes 30,462$ -$ 30,462$ 951$ 31,413$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support 2,139$ -$ 2,139$ (430)$ 1,709$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 32,601$ -$ 32,601$ 521$ 33,122$

Expense

Employee Salaries 34,931$ 851$ 35,781$ (2,193)$ 33,589$ Employee Benefits 6,140$ 149$ 6,289$ (1,056)$ 5,233$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials 1,523$ -$ 1,523$ 53$ 1,576$ Purchased Services 213$ -$ 213$ 27$ 240$ Property -$ -$ -$ -$ -$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses -$ -$ -$ -$ -$ Interfund Transfers -$ -$ -$ -$ -$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 42,807 1,000$ 43,807$ (3,170)$ 40,637$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves -$ -$ -$ -$ -$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$





ProComp Special Revenue Fund

63

2FY14-15 FY14-15 FY15-16



Beginning Balance -$ -$ -$ -$ -$

Revenue -$ Property Taxes -$ -$ -$ -$ -$ State Categorical 395$ -$ 395$ 5$ 400$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue 36,846$ -$ 36,846$ 1,360$ 38,206$ Other Local Support 3,093$ -$ 3,093$ 1,513$ 4,606$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 40,334$ -$ 40,334$ 2,878$ 43,212$

Expense

Employee Salaries 11,951$ -$ 11,951$ 2,935$ 14,886$ Employee Benefits 4,315$ -$ 4,315$ (816)$ 3,499$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials 22,385$ -$ 22,385$ 639$ 23,024$ Purchased Services 823$ -$ 823$ 80$ 903$ Property 558$ -$ 558$ -$ 558$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses 255$ -$ 255$ (3)$ 252$ Interfund Transfers -$ -$ -$ -$ -$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 40,285 -$ 40,285$ 2,835$ 43,121$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves 48$ -$ 48$ 43$ 91$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves 48$ -$ 48$ 43$ 91$

Total Appropriation 40,334 -$ 40,334$ 2,878$ 43,212$

Unappropriated Reserves -$ -$ -$ -$ -$


Food Service Fund

64

2FY14-15 FY14-15 FY15-16



Beginning Balance 300$ 58$ 358$ (8)$ 350$

Revenue -$ Property Taxes -$ -$ -$ -$ -$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support 712$ -$ 712$ (144)$ 568$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 712$ -$ 712$ (144)$ 568$

Expense

Employee Salaries 1,441$ -$ 1,441$ 541$ 1,982$ Employee Benefits 259$ -$ 259$ 143$ 402$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials 535$ 235$ 770$ 90$ 860$ Purchased Services 507$ 38$ 545$ 233$ 778$ Property 25$ -$ 25$ 3$ 28$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses 142$ (58)$ 84$ 868$ 952$ Interfund Transfers (2,111)$ -$ (2,111)$ (2,195)$ (4,306)$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 797 215$ 1,012$ (317)$ 694$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves -$ -$ -$ 223$ 223$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves -$ -$ -$ 223$ 223$

Total Appropriation 797 215$ 1,012$ (94)$ 918$

Unappropriated Reserves 215$ (157)$ 58$ (58)$ -$


Pupil Activity Fund

65

2FY14-15 FY14-15 FY15-16



Beginning Balance 68$ 110$ 178$ (178)$ -$

Revenue -$ Property Taxes -$ -$ -$ -$ -$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support 1,011$ -$ 1,011$ (80)$ 931$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 1,011$ -$ 1,011$ (80)$ 931$

Expense

Employee Salaries 65$ -$ 65$ 12$ 77$ Employee Benefits 20$ -$ 20$ 2$ 22$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials 624$ -$ 624$ 5$ 629$ Purchased Services 203$ -$ 203$ -$ 203$ Property -$ -$ -$ -$ -$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses 100$ -$ 100$ (100)$ -$ Interfund Transfers -$ -$ -$ -$ -$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 1,011 -$ 1,011$ (82)$ 930$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves -$ -$ -$ 1$ 1$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves -$ -$ -$ 1$ 1$

Total Appropriation 1,011 -$ 1,011$ (80)$ 931$

Unappropriated Reserves 68$ 110$ 178$ (178)$ -$


Warehouse/Reproduction Internal Service Fund

66

2FY14-15 FY14-15 FY15-16



Beginning Balance 4,000$ 3,744$ 7,744$ (124)$ 7,620$

Revenue -$ Property Taxes -$ -$ -$ -$ -$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support -$ 2,641$ 2,641$ (469)$ 2,172$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue -$ 2,641$ 2,641$ (469)$ 2,172$

Expense

Employee Salaries -$ -$ -$ -$ -$ Employee Benefits 4,000$ (4,000)$ -$ 2,380$ 2,380$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials -$ -$ -$ -$ -$ Purchased Services -$ -$ -$ -$ -$ Property -$ -$ -$ -$ -$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses -$ 10,326$ 10,326$ (10,326)$ -$ Interfund Transfers -$ -$ -$ -$ -$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 4,000 6,326$ 10,326$ (7,946)$ 2,380$


Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves -$ -$ -$ 7,412$ 7,412$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves -$ -$ -$ 7,412$ 7,412$

Total Appropriation 4,000 6,326$ 10,326$ (534)$ 9,792$

Unappropriated Reserves -$ 60$ 60$ (60)$ -$


Private Purpose Trust Fund

67

2FY14-15 FY14-15 FY15-16



Beginning Balance -$ 128$ 128$ (127)$ 1$

Revenue -$ Property Taxes -$ -$ -$ -$ -$ State Categorical -$ -$ -$ -$ -$ State Equalization -$ -$ -$ -$ -$ Specific Ownership Taxes -$ -$ -$ -$ -$ Federal Revenue -$ -$ -$ -$ -$ Other Local Support 124$ (120)$ 4$ 0$ 4$ Charter School Capital Construction -$ -$ -$ -$ -$ Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 124$ (120)$ 4$ 0$ 4$

Expense

Employee Salaries -$ -$ -$ -$ -$ Employee Benefits -$ -$ -$ -$ -$ Charter Schools -$ -$ -$ -$ -$ Supplies & Materials 124$ 7$ 131$ (126)$ 5$ Purchased Services -$ -$ -$ -$ -$ Property -$ -$ -$ -$ -$ Debt Service Interest -$ -$ -$ -$ -$ Debt Service Principal -$ -$ -$ -$ -$ Other Expenses -$ -$ -$ -$ -$ Interfund Transfers -$ -$ -$ -$ -$ Site Assigned Reserves -$ -$ -$ -$ -$ School Location/Relocation Support -$ -$ -$ -$ -$ School Carry Forward -$ -$ -$ -$ -$ Unassigned Teachers -$ -$ -$ -$ -$

Total Expense 124 7$ 131$ (126)$ 5$

Appropriated Reserves -$ Restricted - TABOR Reserve -$ -$ -$ -$ -$ Assigned Reserves -$ -$ -$ -$ -$ General Contingency -$ -$ -$ -$ -$ CDE Audit -$ -$ -$ -$ -$ Utilities -$ -$ -$ -$ -$ School Location/Relocation Support Reserves -$ -$ -$ -$ -$ Unassigned Teacher Reserves -$ -$ -$ -$ -$ Risk Fund Reserve -$ -$ -$ -$ -$ Additional Student Supports -$ -$ -$ -$ -$


Total Appropriation 124 7$ 131$ (126)$ 5$

Unappropriated Reserves -$ -$ -$ -$ -$


Governmental Permanent Fund

68

Financial Planning & Analysis and Budget Office Board of ... · 5/18/2015 · 2014 2015 Nov Dec...

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Transcript of Financial Planning & Analysis and Budget Office Board of ... · 5/18/2015 · 2014 2015 Nov Dec...