|
2010–2011 District Funds
|
| |
Appropriation
|
| General Fund |
$140,202,880
|
| Bond Redemption Fund |
17,192,161
|
| Capital Reserve Fund |
4,615,656
|
| Designated Purpose Grant Fund |
7,325,215
|
| Extended Day Care Program Fund |
4,889,570
|
| Food Services Fund |
5,207,345
|
| Risk Management Fund |
3,308,943
|
| Student Athletic and Activities Fund |
5,412,063
|
| Total |
$188,153,833
|
Where Does the Money Come From?
The district’s General Fund receives revenue from federal, state, and local sources. Total estimated revenue for 2010–2011 is $125,771,580. The majority of this revenue, 78.54 percent, becomes available to the district through the Colorado Public School Finance Act. This revenue is determined through a formula, which utilizes local property taxes, state-equalized specific ownership taxes, and state funds. The net increase in budgeted revenue over the prior year is due to increased funding from the School Finance Act including restricted amounts, reductions in funding based on decreasing enrollment, mill levy override funds, and lower interest earnings.
In addition to the Colorado School Finance Act, 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 $831,311, $2,738,358, and $305,731 respectively, or a combined 2.76 percent of the total. This General Fund revenue is determined through the state and legislative action. The district also collects local revenues from non-equalized specific ownership taxes, net investment income, driver’s education fees, transportation reimbursements, and extended day care indirect costs
| Beginning Fund Balance |
$14,431,300
|
| Revenues: |
| Property Taxes |
49,868,336
|
| Specific Ownership Taxes |
3,800,000
|
| Interest Income |
21,015
|
| Other Local Income |
3,610.931
|
| State/Federal Revenue |
68,279,372
|
| Transfers In |
191,926
|
| Total Revenues |
125,771,580
|
| Total Funds Available |
$140,202,880
|
| Property Tax |
36%
|
| State Funding |
49%
|
| Specific Ownership Taxes |
3%
|
| Other |
3%
|
Approximately $0.76 out of every dollar is devoted to instruction activities. Salaries and benefits, supplies, and other costs related to instruction of students along with school building administration and special programs are included. Total support services account for $.19 out of every dollar spent. Learning services, operations services, and transportation services are the largest expenditure areas in this component. Transfers to the Risk Management Fund and Student Athletics and Activities Fund account for the remaining $.05 out of every dollar spent.
| Expenditures/Expenses |
|
| Salaries |
$78,651,295
|
| Benefits |
21,400,058
|
| Purchased Services |
6,051,425
|
| Supplies |
7,793,001
|
| Capital Outlay |
641,583
|
| Charter Schools |
6,315,951
|
| Transfers Out |
5,976,769
|
| Other |
<334,045 > |
| Total Expenditures |
$126,496,037
|
| Total Appropriation |
$140,202,880
|
|
Salaries
|
62%
|
|
Benefits
|
17%
|
| Purchased Services |
5%
|
| Supplies |
6%
|
| Charter Schools |
5%
|
| Transfers |
5%
|
| Capital |
1%
|
| Other* |
<1%> |
* due to rounding at <.5%
|
|