The district’s General Fund receives revenue from federal, state, and local sources. Total estimated revenue for 2011–2012 is $132.7 million. The majority of this revenue, $93.1 million or 70.16 percent, becomes available to the district through the Colorado Public School Finance Act of 1994 (as amended). This School Finance Act program revenue is determined through a formula which utilizes local property taxes, state-equalized specific ownership taxes, and state funds. The net $7.0 million or 5.53 percent increase in estimated revenue over the prior year is primarily due to the 2010 voter approved mill levy override of $12.0 million reduced by the additional state funding cuts and declining enrollment. The state’s budgetary crisis mandated that the state’s General Assembly lower funding to education. This is the second year a negative factor has been utilized in the School Finance Act per-pupil revenue calculation. Overall, the School Finance Act program revenue has been reduced $5.6 million primarily due to the state’s negative factor reduction and the district’s declining average funded pupil counts.

In addition to the Colorado Public School Finance Act of 1994 (as amended), the district receives funding for categorical programs from the state of Colorado for pupil transportation, the Exceptional Children’s Education Act (special education), and career and technical education. The budget estimates these revenues to be $4.0 million. This General Fund revenue is determined through state and legislative action. Federal revenues are received for Title I “school-wide” grants. The district also collects local revenues from non-equalized specific ownership taxes, net investment income, charter school administrative services, driver’s education fees, transportation reimbursements, and for indirect costs from other funds. Specific ownership taxes apportioned to the district by the county treasurer are anticipated to increase due to the formula that incorporates the increased property tax collections.