This budget’s revenue projections were prepared using information provided by the Colorado Department of Education, the county assessor, the federal government and other sources using methods recommended in the Financial Policies and Procedures Handbook.

This budget’s expenditure estimates were prepared based on program needs, enrollment projections, mandated requirements, employee contracts, contracted services, and anticipated changes in economic conditions using methods described in the Financial Policies and Procedures Handbook.

The Public School Finance Act requires districts to present summary information consolidating the budgets of funds.  This information is provided on the consolidated budget summary.  The format for this presentation was suggested by the Financial Policies and Procedures Committee (FPP) and Colorado Department of Education (CDE).

This budget includes the actual audited revenues, expenditures, and fund balances for the last completed fiscal year.  The figures are contained in the district’s annual audit available for review in the district offices, or the Colorado Department of Education, or the State Auditor’s Office.

The 2007-08 budget was prepared in compliance with the revenue, expenditures, tax limitations, and reserve requirements of Section 20 of Article X of the Constitution. Calculations provided on the Article X Limitations worksheet illustrate this. This format, like the consolidated budget summary, is suggested by FPP/CDE.

Consolidated Budget Summary