2017-2018 proposed budgetfil… · 2017 denver public schools mills2 48.54 54.50 49.28 49.04 annual...

2017-2018

PROPOSED BUDGET

April 17th, 2017

2

TABLE OF CONTENTSProposed Budget

1. Budget Process Overview

2. State of the State

3. FY 2017-18 Budget

1. Assumptions

2. SBB Changes

School use of 2016 Mill Levy for Whole Child

Federal Funding

Use of Funds

96/4

4. 5 Year Forecast

5. Flexibilities

6. Appropriation by Fund Summary

7. Appendix (Fund by Fund Summary)

BUDGET PROCESS

4

BUDGET PROCESS

STATE OF THE STATE

6

STATE OF THE STATE

Economic Overview

Colorado’s economy is expected to continue to expand at a moderate pace

Oil and gas is expected to rebound from a two year downturn

Consumer spending remains robust and expected moderate job growth

The unemployment rate is one of the lowest in the country and fell to 2.9% in February 2017

The real estate market remains one of the strongest in the country, however, the rapid price appreciation over the last 3 years is expected to dampen as new home owners are priced out of the market

Nonresidential construction continues to increase driven by demands for warehouses, office space and hotel real estate

Denver-Boulder-Greeley CPI is expected to be 2.8% in FY 2017-18

Budget Overview

Despite the strong economic growth, the state budget continues to face severe pressure due to mounting pressures from K-12 and Higher Education, Corrections, Transportation and Healthcare

Impacts from the Gallagher and Taxpayer’s Bill of Rights (TABOR) continue to hamper the state’s ability to fully fund K-12 Education

In order to meet the limits set by TABOR and Referendum C, the legislature is planning on reducing the Hospital provider fee by the expected overage of ~$264M

The Joint Budget Committee proposed to increase the negative factor by $48.8M or ~$5M to DPS bringing the total of funding withheld from DPS to ~$91M annually

Since 1980, Gallagher and TABOR have resulted in the share of a homeowner’s value invested in DPS has reduced ~78% from 0.77% to 0.17%

7

Gallagher

Amendment

passes

maintaining a

proportional

relationship

between

revenue raised

from business

and residential

property taxes

(55% / 45%)

1982 20142000

Amendment 23

passes establishing

minimum increase

in “base” per pupil

funding by at least

the rate of inflation

and with the goal of

catching K-12

funding up to 1988-

89 levels adjusted

for inflation

Due to the

declining local

dollars and lower

state revenues as a

result of the Great

Recession,

Legislators

introduce the

“negative factor”

reducing K-12

funding by ~$1B

per year

In the early 1980s

Colorado spent ~$500

more per student than

the national average

By 2000, Colorado was

spending `$900 less per

student than the national

average

The latest figures show

that Colorado spends

~$2,500 less per student

than the national

average

2009

Source: Colorado Fiscal Institute

1992

TABOR passes

establishing

limits on

revenues and

the ability of

elected officials

to increase

revenue or

change property

assessment

rates

IMPACT OF GALLAGHER AND TABORK-12 Education Funding

8

IMPACT OF GALLAGHER AND TABOR

The Gallagher Amendment, passed in 1982, fixes the ratio of taxes collected from Commercial and Residential property at 55% and 45% respectively

Fixed the assessment rate for Commercial property at 29% meaning the residential assessment rate is adjusted to maintain the overall ratio

TABOR, passed in 1992, requires that voters need to approve all tax increases including the residential assessment rate

The combined effect of Gallagher and TABOR has reduced the assessment rate on Residential property from 30% in 1980 to an estimated 6.56% for 2018

Since 1980, Gallagher and TABOR have resulted in the implied share of a homeowner’s value invested in DPS has reduced more than 78% from 1.46% to 0.32%

Property Taxes

$2,003

$1,498

$922$801

30.0%

21.0%

7.96%6.56%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

$0

$500

$1,000

$1,500

$2,000

$2,500

1980 1983 2016 2018

Impact of Gallagher and TABOR on Residential Assessment Rates and DPS Funding

Annual DPS SFA Mill Levy Tax $ Residental Assessment Rate

1980 1983 2016 2018

Average Assessed Value in 2018 dollars1

$137,572 $130,894 $235,075 $249,100

Residental Assessment Rate 30.0% 21.0% 7.96% 6.56%

2017 Denver Public Schools Mills2

48.54 54.50 49.28 49.04

Annual DPS SFA Mill Levy Tax $ $2,003 $1,498 $922 $801

Percent of Assessed Value Invested in DPS 1.46% 1.14% 0.39% 0.32%1Assumes 2018 ratio between home price and assessed valuation of ~65% remains constant across all years2 2016 and 2018 include the implied Mills required to cover State Equalization and excludes all Mill Levy Overrides

FY 2017-18 BUDGET

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FY2017-18 PROPOSED BUDGET ASSUMPTIONS

Budget Input Assumption

Per Pupil Revenue: $7,829

Funded Pupil Count: 86,840 (K=.5) per Planning & Analysis forecast

Total Projected Enrollment: 95,128 (ECE & K = 1.00)

FRL 67.1% (including charters)

SBB Base allocation increased due to account for COLA increases and a higher FY2017-18

benefit expense

Student Based Budget Increased to provide an equivalent purchasing power for previous weights

Changes

Added additional weights for Direct Certify students, 2016 MLO allocations and additional

expenses that were previously budgeted including Military Ed, TLC, Math Fellows and

Newcomer Centers

SBB Allocations updated to account for changes in Enrollment and student demographics

Competitive compensation increase budgeted for all employees dependent on final state

budget

All ProComp-eligible DCTA members receiving additional incentives as earned

DPS is also contributing an additional .5% to cover the increasing SAED rate to PERA, for

total FY17-18 SAED rate of 5.25%

Total Program increase of 1.86% and CPI of 2.8%

11% growth in Denver Assessed Valuation, with no change to Assessment Rate

Donations and ECE Tuition revenue increased to more accurately reflect projected

revenue amounts

Enrollment

Other Revenue Factors

Compensation Increases

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CHANGES TO SBB

DPS added a new weight that funds an additional $80 per student that are Direct Certified for Free Student Lunch

Added additional funding in SBB associated with the following 2016 MLO initiatives: Whole Child Teacher Leadership & Collaboration Technology Dual enrollment

Allocated costs associated with Math Fellows and Military Education that were centrally funded to SBB Consolidated ECE into General Fund from multi-funds (19 & 29) to enable greater transparency and

management for principals

All in, DPS is increasing SBB by over 16%, or more than $78M from FY16-17 to FY17-18

YoY Increase

SBB Enrollment & Purchasing Power $4,566,661

New SBB Funding

2016 MLO

While Child $7,615,656

Early Lit $2,401,663

Tech $3,574,808

Dual Enrollment $1,760,034

TLC $14,622,375

Total 2016 MLO $29,974,536

Direct Certification Weight $1,561,120

Total New SBB Funding $31,535,656

Previously Centrally Budgeted now in SBB

Math Fellows $13,506,958

Military $2,447,652

Newcomer Centers $1,149,461

ECE $25,579,352

Total Previously Centrall Budgeted now in SBB $42,683,423

Total Incremental Funding in SBB $78,785,740

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WHOLE CHILD USE OF FUNDS

DPS requires schools to devote resources to the social and emotional health of its students with existing SBB funds

Depending on the number of the students in the schools and type of school, these required minimums can range from 2-3 days per week of both social workers and nurse staffing for small Elementary schools to 5 and 7 days respectively for large high schools totaling more than $12M of expense

With the addition of the 2016 Mill Levy Override resources dedicated to Whole Child supports, the funding equivalent of these minimums increased to more than $20M districtwide

DPS plans to spend $13M (64%) more than the required Whole Child minimums in 2017-18 Schools leaders must use Whole Child funds on a menu of acceptable expenses including

psychologists, social workers, nurses, health tech aids, counselors, restorative justice coordinators, deans of culture, 3rd party consultants, and other mental health & whole child expenses

Whole Child Resources at Schools (In Millions) FY 2017-18

Requirements

Minimum WC Expenses Based on Student Enrollment $12.8

2016 Mill Levy Whole Child Allocation $7.6

Subtotal Whole Child + Minimums $20.4

Use of Funds

Psych, Social Worker, Nurse/Health $20.0

Counselor, RJ Coord, Dean of Culture $12.9

3rd Parties & Other $0.5

Subtotal Use of Funds $33.5

Budgeted Expenses Above Minimum Requirements $13.1

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CHANGES TO FEDERAL FUNDING OUTLOOKFY 2013-14 to Proposed FY 2017-18

FY 2017-18 proposed budget for federal funds to decrease YoY by 13%

$5.2M planned grant cliff reduction for Teacher Incentive Fund (TIF)

FY 2017-18 budget does not include new grants that may be awarded this year

Reduction in Title I and II allocations due to decreasing poverty levels in Denver

Other grant cliff reductions include TIG, YCC, 21st Century, Gear-Up

$30,849 $31,478 $32,725 $32,052 $31,219

$16,953 $15,946 $16,762 $16,253 $16,957

$3,432 $4,601 $4,525 $4,105 $3,846

$7,012 $6,586 $6,211 $8,947 $8,745

$26,481

$34,759 $25,169 $22,468

$11,449

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18

TITLE I IDEA TITLE II OTHER FED FORMULA FEDERAL COMPETITIVE

$86,628

$95,231

$87,305 $85,938

$73,921

Federal

Formula

Federal

Competitive

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Potential Changes due to Federal Legislation

CHANGES TO FEDERAL FUNDING OUTLOOK

ESSA Update The State has decided to not withhold an optional 3% withholding from Title allocations over the 3%

mandated in ESSA The Colorado state plan due date has been extended to May 3rd

March 16, 2017 – President Trump’s Budget Blueprint released to the public Majority of changes would not impact DPS until FY 2018-19 Proposed 13% reduction ($9 billion) to the U.S. Department of Education $2.4 billion proposed investment in private school choice programs and portability systems Appropriations will continue to change and must be still approved by Congress

April 28, 2017 – Continuing Resolution expires Additional reductions have been proposed for U.S. Department of Education budget Potentially reduce the Title I and II allocations

Proposed Change Program DescriptionProposed

Reduction

Eliminate

Title II Teacher and leader professional development $3.8 M

Gear-Up Counseling services for students $893 K

21st Century Programs for kids that occur before and after school $835 K

Teacher Quality Grants New teacher residency programs $679K

AmeriCorps Teacher and family/community engagement $2.8 M

Reduce

Title I Allocation Serves disadvantaged schools and students Less allocation

Medicaid Screen, health education, speech/language, OT/PT max $2.8 M

New Funding

TBD $1 billion to serve disadvantaged students via portability TBD

TBD $1.4 billion for private school choice program TBD

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DISTRICT WIDE USE OF FUNDS

The 6 Cost Centers are as follows:

Principal Managed: includes all Principal managed & SBB expenditures and ProComp

Centrally Budgeted School Expenditures & School Support: includes expenses not managed by principals but predominately consists of school based employees that support schools & students directly; i.e. Textbooks, Career Tech Ed, Paid Leaves for Teachers, Principal Performance Compensation, Library Services, Unassigned Teachers, Student Board of Education, Portfolio Management, HR (Recruitment, Teacher Leadership management), FACE, Pupil Records, Assessments, CELT

Center Programs & SEO Services: excludes school based expenses like Mild Moderate teachers, Psychologists, and Social Workers. All Center Programs and Severe Needs are included

Operations: includes Facility related expenses for Utilities, Custodial, Maintenance, Property & Workers Compensation Insurance and other operational costs such as Transportation, Technology Services, and others.

Central: includes Office of Superintendent, Instructional Superintendent team, Legal, Communications, Finance, Planning & Analysis, Accounting, Purchasing, Payables, Payroll, Labor Relations, Grants, Board of Education, Chief Operating Officer

16

DISTRICT WIDE USE OF FUNDS

96% of expenditures support students with 4% funding Central/Headquarters

Nearly all funds directly support students through principal managed, centrally budgeted school expenditures & school supports and center programs & other SEO costs

By allocating the vast majority of the 2016 Mill Levy Override directly to schools, central administration decreased from 5% in FY16-17 down to 4% in FY 17-18

DPS plans to spend ~$11.5k per K-12 student in 2017-18

Includes all K-12 district managed General Fund and ProComp expenditures

Excludes all Charter expenses and ECE expenditures

Excludes all Federal & Private Grants, Capital/Bond, Food Service, and Other Funds

All Charter portions of Central, Center Programs and Operations adjusted

Cost Center (in millions)

Total FY17-18

Budget % of Total Budget

K-12 Per Student

Expenditure

School Support

Principal Managed Resources 476$ 62% 7,063

Operations 118$ 15% 1,745

Centrally Budgeted School Expenditures & School Supports 115$ 15% 1,708

Center Programs & SEO Services 31$ 4% 463

Central 33$ 4% 497

Grand Total $773 100% 11,476

K-12 Projected Students 67,335

17

SCHOOL USE OF FUNDS PER STUDENT

Of the $7,063 per student managed by school leaders (demonstrated on previous slide), Principals use 97% of their school student based allocation to fund staff

Schools use the principal managed budget overwhelmingly to fund instructional staff (generally classroom teachers ~ 50%)

Leadership & Community include the principal, administrative staff, community liaisons and other expenses for the general administration of the building

Student Supports include Whole Child qualifying expenses such as psych, social work, nurse, counselors and other eligible expenses

Summary is an average of all DPS District Managed Schools; Charters excluded

Category $ Per Student Percent

Instructional 3,848$ 54%

Leadership & Community Support 986$ 14%

Art & PE 502$ 7%

Student Supports 472$ 7%

Teacher PD 410$ 6%

Mild Moderate 353$ 5%

Instructional Tutoring / Intervention 296$ 4%

Library & Tech 196$ 3%

Total 7,063$ 100%

$6,827 97%

$228 3%

Compensation Non-Salary

5 YEAR FORECAST

19

5 YEAR FORECAST ASSUMPTIONS

Total Enrollment FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22

District Enrollment 67,335 66,718 66,307 65,836 64,873

Charter Enrollment 20,051 21,392 22,532 23,732 24,932

Total District Enrollment 87,386 88,110 88,839 89,568 89,805

FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22

District Enrollment 77.1% 75.7% 74.6% 73.5% 72.2%

Charter Enrollment 22.9% 24.3% 25.4% 26.5% 27.8%

FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22

CPI 2.8% 2.9% 2.3% 2.3% 2.3%

FY17-18 FY18-19 FY19-20 FY20-21 FY 21-22

At Risk Students 47,930 46,851 45,797 44,767 43,759

Total At Risk Funding 58,724$ 57,617$ 56,261$ 54,994$ 53,990$

Percentage of At-Risk Students (Free) 57.8% 56.1% 54.4% 52.7% 51.3%

Percentage of FRL 65% 63% 62% 60% 59%

Statewide Negative Factor increase of $75M in FY17-18 ($7.5M impact to DPS)

Does not incorporate any potential backfills for reductions in federal funding

Enrollment Projections from Planning & Analysis

SBB Increases based on Enrollment Trends, COLA impact on Average Teacher Salary (inclusive of turnover savings and benefits), and CPI

20

5 YEAR FORECAST $75M NEGATIVE FACTOR INCREASE

FY17-18 FY18-19 FY19-20 FY20-21 FY21-22

Revenue

Total Program Revenue Baseline1 $929,096 $960,804 $991,151 $1,017,813 $1,045,315

Change in Formula Revenue $17,390 $25,905 $21,958 $22,623 $20,013

Change in 2012 & 2016 MLO $5,216 $4,443 $4,703 $4,880 $4,228

Tuition & Other Revenue Increases $9,102 $0 $0 $0 $0

Total Program Revenue $960,804 $991,151 $1,017,813 $1,045,315 $1,069,556

Expense

Expense Baseline2 $910,476 $971,519 $1,002,770 $1,028,527 $1,054,985

Enrollment and Purchasing Power Expense Changes $24,184 $26,045 $23,632 $23,681 $21,574

Teacher Leadership & 2016 MLO programs $34,798 $2,777 $1,802 $2,321 $833

Mill Levy Equalization $1,132 $1,381 $373 $406 $429

Grant Cliffs $0 $2,060 ($50) $50 $0

Footprint Expansion (4 new schools) $940 $0 $0 $0 $0

Centrally Managed Programs ($11) ($1,012) $0 $0 $0

Total Expense $971,519 $1,002,770 $1,028,527 $1,054,985 $1,077,821

Net Change in Fund Balance ($10,715) ($11,619) ($10,714) ($9,670) ($8,264)

Fund Balance $113,421 $101,802 $91,088 $81,419 $73,155

10% of Revenue $96,080 $99,115 $101,781 $104,532 $106,956

Fund Balance remaining to 10% of Revenue $17,341 $2,687 ($10,693) ($23,113) ($33,801)

1 Includes all General Fund revenue sources (Program Funding, Specific Ownership Taxes, ECE Tuition and Mill Levy Overrides)2 Special Projects expenditures forecasted to match revenue based on historical trends, FY17-18 Budget includes $2.8 use of fund balance

21

5 YEAR FORECAST $48.8M NEGATIVE FACTOR INCREASE

FY17-18 FY18-19 FY19-20 FY20-21 FY21-22

Revenue

Total Program Revenue Baseline1 $929,096 $963,304 $993,651 $1,020,313 $1,047,815

Change in Formula Revenue $19,890 $25,905 $21,958 $22,623 $20,013

Change in 2012 & 2016 MLO $5,216 $4,443 $4,703 $4,880 $4,228

Tuition & Other Revenue Increases $9,102 $0 $0 $0 $0

Total Program Revenue $963,304 $993,651 $1,020,313 $1,047,815 $1,072,056

Expense

Expense Baseline2 $910,476 $971,519 $1,002,770 $1,028,527 $1,054,985

Enrollment and Purchasing Power Expense Changes $24,184 $26,045 $23,632 $23,681 $21,574

Teacher Leadership & 2016 MLO programs $34,798 $2,777 $1,802 $2,321 $833

Mill Levy Equalization $1,132 $1,381 $373 $406 $429

Grant Cliffs $0 $2,060 ($50) $50 $0

Footprint Expansion (4 new schools) $940 $0 $0 $0 $0

Centrally Managed Programs ($11) ($1,012) $0 $0 $0

Total Expense $971,519 $1,002,770 $1,028,527 $1,054,985 $1,077,821

Net Change in Fund Balance ($8,215) ($9,119) ($8,214) ($7,170) ($5,764)

Fund Balance $115,921 $106,802 $98,588 $91,419 $85,655

10% of Revenue $96,330 $99,365 $102,031 $104,782 $107,206

Fund Balance remaining to 10% of Revenue $19,591 $7,437 ($3,443) ($13,363) ($21,551)

1 Includes all General Fund revenue sources (Program Funding, Specific Ownership Taxes, ECE Tuition and Mill Levy Overrides)2 Special Projects expenditures forecasted to match revenue based on historical trends, FY17-18 Budget includes $2.8 use of fund balance

FLEXIBILITIES

23

INCREASING FLEXIBILITY AT SCHOOLS

DPS is intent on increasing flexibilities and will expand the “SBB+” flexibilities to additional Innovation Management Organizations in FY 2017-18

All Schools: Curriculum Adoption

Curriculum aligned Professional

Learning

Assessments

iZone

“SBB+”

All Schools: Curriculum Adoption

Curriculum aligned Professional

Learning

Assessments

Innovation

Schools & IMOs

“SBB+”

Current State Future State

24

SBB+ FLEXIBILITIES FOR 2017-18

For the 2017-18 school year, the options available through SBB+ flexibilities remains largely unchanged. Funds were made available for eligible schools from the following services:

Instructional Superintendent and Support Partners

Curriculum & Instruction in all content areas

School-based web design services

Family & Community Engagement, including Parent Teacher Home Visits and School-Based services

Teach for America contract

District-wide trainings available to all DPS employees (Creating Connections, DPS Teams, etc)

Professional Learning strategic planning, coaching and learning labs, and data culture facilitation

Research & Development and innovation strategies (Imaginarium)

Competency-based learning, operational support and BrainPop licenses

School budget management support and trainings

Curriculum distribution services, central classroom library materials and supports

Budget assistance

25

SBB+ PARTICIPATING SCHOOLS FOR 2017-18

SBB+ flexibilities are available to all LLN innovation zone schools and Innovation

Management Organization (IMO) schools for 2017-18

SBB+ available funds per pupil decline year over year due to removing targeted

spending (CELT -$11; ACE - $10; FACE - $24) and department reductions

(Imaginarium - $11)

FY17 FY18

# of Schools 4 10

Eligible Students 1,672 5,033

SBB Funds $10,013,494 $33,367,830

SBB+ Funding Available $753,479 1,989,996 Less: Purchased Services ($44,190) ($241,412)

SBB+ Additional Funds $709,289 $1,748,584

Total Funds Available $10,722,783 $35,116,414

SBB Avg Per Pupil $5,989 $6,630

SBB+ Available Avg Per Pupil $451 $395

SBB+ Additional Funds Per Pupil $424 $347

Avg Per Pupil $6,413 $6,977

FUND SUMMARIES

GENERAL FUND

28

GENERAL FUND DESCRIPTION

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.

The General Fund is comprised of the following 2 funds:

General Fund (Fund 10): Includes revenue from local, state, and federal sources, with the main source being Total Program revenue determined by the School Finance Act. Also included are revenues from all voter-approved Mill Levy Overrides (passed in 1988, 1998, 2003, and 2012), state categorical sources, specific ownership taxes, providing early childhood education, providing full day kindergarten, and charter school capital construction.

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

Beginning in FY17-18, revenue & expenditures for ECE and Kindergarten tuition programs previously held in the Tuition Special Revenue Fund have been consolidated into the General Fund.

- This consolidation will help to improve operational efficiency by reducing the need to track funding within 2 additional funds, while maintaining required reporting integrity to all of our stakeholders

29

The General Fund inclusive of the General Operating Fund, all Mill Levy Overrides, and Colorado Preschool Program is expected to have a use of fund balance of $10.8M

Major FY17-18 investments include rollouts of 2016 Mill Levy programs, including Early Literacy expansion, Teacher Leadership & Collaboration, Whole Child support, CareerConnect and Dual Enrollment, Classroom Technology, and Maintenance projects

Revenue & expenditures for ECE and Kindergarten tuition programs previously held in the Tuition Special Revenue Fund have been consolidated into the General Fund starting in FY17-18

FY16-17 FY16-17 FY17-18

Adopted Amended Proposed

Unaudited ($'s in Thousands) Budget Budget Budget

Beginning Balance 79,670$ 2,684$ 82,354$ 24,972$ 107,325$

Revenue 865,694$ 51,594$ 917,289$ 28,826$ 946,114$

Expenses (incl. Interfund Transfers) 876,361$ 15,057$ 891,418$ 65,449$ 956,868$

Ending Balance 69,003$ 39,221$ 108,224$ (11,652)$ 96,572$

Source / (Use) of Fund Balance (10,667)$ 36,537$ 25,870$ (36,623)$ (10,753)$

Appropriated Reserves 51,227$ 9,789$ 61,015$ (3,459)$ 57,556$

Unappropriated Reserves 17,776$ 29,432$ 47,208$ (8,192)$ 39,016$

Total Reserves 69,003$ 39,221$ 108,224$ (11,652)$ 96,572$

Total Appropriation 927,588$ 24,846$ 952,434$ 61,990$ 1,014,424$

Adjustments Adjustments

GENERAL FUND EXCL. SPECIAL PROJECTS

30

The General Fund inclusive of the General Operating Fund, all Mill Levy Overrides, and Colorado Preschool Program is expected to have a use of fund balance of $12.9M

The additional $2.1M use of fund balance in the Special Projects Fund is due to forecasted additional expenditures for Discovery Link after-school programs

FY16-17 FY16-17 FY17-18




Revenue 875,628$ 53,467$ 929,095$ 31,709$ 960,804$


Ending Balance 78,938$ 46,826$ 125,763$ (14,543)$ 111,221$


Appropriated Reserves 61,162$ 17,393$ 78,555$ (6,351)$ 72,205$


Total Reserves 78,938$ 46,826$ 125,763$ (14,543)$ 111,221$

Total Appropriation 949,888$ 31,892$ 981,780$ 64,143$ 1,045,924$


GENERAL FUND INCL. SPECIAL PROJECTS

CAPITAL FUNDS

32

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

FY16-17 FY16-17 FY17-18




Revenue 276$ 535,000$ 535,276$ (530,605)$ 4,671$


Ending Balance -$ 473,281$ 473,281$ (188,596)$ 284,685$


Appropriated Reserves -$ 68,281$ 68,281$ (38,281)$ 30,000$

Unappropriated Reserves -$ 405,000$ 405,000$ (150,315)$ 254,685$

Total Reserves -$ 473,281$ 473,281$ (188,596)$ 284,685$

Total Appropriation 49,488$ 168,281$ 217,768$ 6,212$ 223,981$


Appropriation of $224M set based on projected spending of 2016 Bond projects

Major FY17-18 projects include:

HVAC upgrade and renovation district wide

School Focused Renovations including:

George Washington High School

Sandoval Campus

CAPITAL PROJECTS BUILDING FUND

33

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

FY16-17 FY16-17 FY17-18




Revenue 30,476$ -$ 30,476$ (14,658)$ 15,818$

Expenses (incl. Interfund Transfers) 43,331$ -$ 43,331$ 26,154$ 69,485$

Ending Balance 2,413$ 1,760$ 4,173$ 522$ 4,694$

Source / (Use) of Fund Balance (12,855)$ -$ (12,855)$ (40,812)$ (53,666)$

Appropriated Reserves 2,413$ 1,760$ 4,173$ 522$ 4,694$

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

Total Reserves 2,413$ 1,760$ 4,173$ 522$ 4,694$



Stapleton Park Street construction throughout FY18 with expected completion in the Fall of 2018

Swansea renovation continuing into FY18. Phase 2 of the renovation includes:

HVAC replacement

Addition of new main entry and offices

FY17-18 Revenue assumes potential new COP and 2013 COP refinancing

CAPITAL RESERVE FUND

34

BOND REDEMPTION 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

FY16-17 FY16-17 FY17-18



Beginning Balance 113,603$ 26,678$ 140,281$ (9,621)$ 130,659$

Revenue 112,139$ -$ 112,139$ 21,849$ 133,988$

Expenses (incl. Interfund Transfers) 129,177$ -$ 129,177$ (449)$ 128,728$

Ending Balance 96,565$ 26,678$ 123,242$ 12,677$ 135,919$

Source / (Use) of Fund Balance (17,038)$ -$ (17,038)$ 22,298$ 5,260$

Appropriated Reserves 96,565$ 26,678$ 123,242$ 12,677$ 135,919$


Total Reserves 96,565$ 26,678$ 123,242$ 12,677$ 135,919$



The Bond Redemption Fund appropriation increased $12.2M over FY16-17 to account for appropriating additional reserves

FY17-18 debt service expenditures are ~$450k lower than FY16-17

GRANT FUNDS

36

GRANTS SPECIAL REVENUE FUND

Fund description: The Grants Special Revenue Fund is used to account for the proceeds of specific revenue sources that are restricted to expenditure for specified purposes other than debt service or capital projects 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.

FY16-17 FY16-17 FY17-18




Revenue 116,311$ 10,482$ 126,793$ (20,274)$ 106,518$

Expenses (incl. Interfund Transfers) 126,618$ 3,395$ 130,013$ (20,996)$ 109,017$

Ending Balance 8,084$ 19,078$ 27,161$ (8,794)$ 18,367$

Source / (Use) of Fund Balance (10,307)$ 7,087$ (3,220)$ 722$ (2,499)$

Appropriated Reserves 1,894$ 15,634$ 17,528$ 839$ 18,367$

Unappropriated Reserves 6,190$ 3,444$ 9,633$ (9,633)$ -$

Total Reserves 8,084$ 19,078$ 27,161$ (8,794)$ 18,367$

Total Appropriation 128,512$ 19,029$ 147,541$ (20,157)$ 127,384$


OTHER FUNDS

38

PROCOMP TRUST FUND

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

FY16-17 FY16-17 FY17-18



Beginning Balance 19,043$ (698)$ 18,345$ (4,562)$ 13,784$

Revenue 32,784$ -$ 32,784$ 150$ 32,934$

Expenses (incl. Interfund Transfers) 45,948$ -$ 45,948$ (9,292)$ 36,656$

Ending Balance 5,880$ (698)$ 5,182$ 4,880$ 10,062$

Source / (Use) of Fund Balance (13,163)$ -$ (13,163)$ 9,441$ (3,722)$

Appropriated Reserves 1,500$ -$ 1,500$ -$ 1,500$

Unappropriated Reserves 4,380$ (698)$ 3,682$ 4,880$ 8,562$

Total Reserves 5,880$ (698)$ 5,182$ 4,880$ 10,062$

Total Appropriation 47,448$ -$ 47,448$ (9,292)$ 38,156$


In order to help reduce usage of fund balance, the ProComp Trust Fund has reduced Top Performing and High Growth payouts over the last 2 years

Reductions of $4.5M in FY16-17 are reflected in actuals, but not in the FY16-17 budget

FY17-18 budget includes an additional $4.7M reduction in Top Performing and High Growth incentive payouts for a total year over year budget reduction of $9.2M

39

FOOD SERVICE FUND

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

FY16-17 FY16-17 FY17-18



Beginning Balance -$ 141$ 141$ (141)$ -$

Revenue 42,357$ 1,500$ 43,857$ (1,518)$ 42,339$

Expenses (incl. Interfund Transfers) 41,707$ 1,500$ 43,207$ (868)$ 42,339$

Ending Balance 650$ 141$ 791$ (791)$ -$

Source / (Use) of Fund Balance 650$ -$ 650$ (650)$ -$

Appropriated Reserves 650$ 141$ 791$ (791)$ -$


Total Reserves 650$ 141$ 791$ (791)$ -$

Total Appropriation 42,357$ 1,641$ 43,998$ (1,659)$ 42,339$


The Food Service Fund is reducing the appropriation vs. FY16-17 to more accurately align with actual revenue received & food costs

While federal meal reimbursement rates have increased, overall federal & state reimbursement is projected to stay flat vs. FY16-17 Adopted Budget due to lower FRL student enrollment

40

PUPIL ACTIVITY FUND

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

FY16-17 FY16-17 FY17-18



Beginning Balance 2,178$ 991$ 3,169$ 297$ 3,465$

Revenue 874$ (64)$ 810$ (172)$ 638$

Expenses (incl. Interfund Transfers) 1,053$ (64)$ 989$ 2,489$ 3,478$

Ending Balance 1,998$ 991$ 2,989$ (2,364)$ 625$

Source / (Use) of Fund Balance (179)$ 0$ (179)$ (2,661)$ (2,840)$

Appropriated Reserves 1,998$ 991$ 2,989$ (2,364)$ 625$


Total Reserves 1,998$ 991$ 2,989$ (2,364)$ 625$

Total Appropriation 3,051$ 927$ 3,978$ 125$ 4,103$


41

WAREHOUSE/INTERNAL SERVICE FUND

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

FY16-17 FY16-17 FY17-18



Beginning Balance 22$ -$ 22$ -$ 22$

Revenue 902$ -$ 902$ -$ 902$

Expenses (incl. Interfund Transfers) 923$ -$ 923$ 1$ 924$

Ending Balance 1$ -$ 1$ (1)$ -$

Source / (Use) of Fund Balance (21)$ -$ (21)$ (1)$ (22)$

Appropriated Reserves 1$ -$ 1$ (1)$ -$

Unappropriated Reserves 0$ -$ 0$ (0)$ -$

Total Reserves 1$ -$ 1$ (1)$ -$

Total Appropriation 924$ -$ 924$ 0$ 924$


42

PRIVATE PURPOSE TRUST FUND

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)

FY16-17 FY16-17 FY17-18



Beginning Balance 7,620$ -$ 7,620$ -$ 7,620$

Revenue 2,172$ -$ 2,172$ -$ 2,172$

Expenses (incl. Interfund Transfers) 2,380$ -$ 2,380$ -$ 2,380$

Ending Balance 7,412$ -$ 7,412$ -$ 7,412$

Source / (Use) of Fund Balance (208)$ -$ (208)$ -$ (208)$

Appropriated Reserves 7,412$ -$ 7,412$ -$ 7,412$


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

Total Appropriation 9,792$ -$ 9,792$ -$ 9,792$


43

GOVERNMENTAL PERMANENT FUND

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

FY16-17 FY16-17 FY17-18




Revenue -$ -$ -$ -$ -$

Expenses (incl. Interfund Transfers) 129$ -$ 129$ -$ 129$

Ending Balance -$ -$ -$ -$ -$

Source / (Use) of Fund Balance (129)$ -$ (129)$ -$ (129)$

Appropriated Reserves -$ -$ -$ -$ -$


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

Total Appropriation 129$ -$ 129$ -$ 129$


APPENDIX

Detailed Fund Reports

2FY16-17 FY16-17 FY17-18




Revenue

Property Taxes 458,299$ 55,416$ 513,715$ 18,851$ 532,566$

State Categorical 35,374$ (3,895)$ 31,479$ 1,081$ 32,560$

State Equalization 308,506$ (10,512)$ 297,994$ 7,091$ 305,085$

Specific Ownership Taxes 39,148$ 4,106$ 43,254$ 1,000$ 44,254$

Federal Revenue 1,000$ -$ 1,000$ -$ 1,000$

Other Local Support 20,650$ 6,304$ 26,954$ 720$ 27,674$

Charter School Capital Construction 2,717$ 175$ 2,892$ 83$ 2,975$

Other Miscellaneous -$ -$ -$ -$ -$

Total Revenue 865,694$ 51,594$ 917,289$ 28,826$ 946,114$

Expense

Employee Salaries 491,872$ 6,949$ 498,821$ 38,041$ 536,861$

Employee Benefits 61,751$ 1,451$ 63,202$ 12,374$ 75,575$

Charter Schools 131,602$ 13,563$ 145,165$ 11,519$ 156,684$

Supplies & Materials 41,068$ 7,595$ 48,663$ (1,238)$ 47,426$

Purchased Services 45,409$ 119$ 45,528$ (12,272)$ 33,256$

Property 2,572$ 1,985$ 4,557$ (1,921)$ 2,636$

Debt Service Interest 45,775$ -$ 45,775$ 2,797$ 48,572$

Debt Service Principal 18,780$ -$ 18,780$ (1,138)$ 17,642$

Other Expenses 1,093$ (578)$ 514$ 890$ 1,404$

Site Assigned Reserves 17,592$ (3,592)$ 14,000$ 5,685$ 19,685$

School Location/Relocation Support 843$ (420)$ 423$ 231$ 654$

School Carry Forward 13,000$ (13,000)$ -$ 11,200$ 11,200$

Unassigned Teacher 3,722$ 17$ 3,739$ 35$ 3,774$

Total Expense 875,080 14,088$ 889,168$ 66,202$ 955,370$

Appropriated Reserves

Restricted – TABOR Reserves 25,353$ 1,681$ 27,034$ 1,350$ 28,383$

Assigned Reserves 1,538$ 2,500$ 4,038$ 4,077$ 8,115$

General Contingency 12,335$ 5,608$ 17,943$ (8,886)$ 9,058$

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 4,000$ -$ 4,000$ -$ 4,000$

Risk Fund Reserves 2,000$ -$ 2,000$ -$ 2,000$

Additional Student Supports -$ -$ -$ -$ -$

Total Approriated Reserves 51,227$ 9,789$ 61,015$ (3,459)$ 57,556$

Interfund Transfers 1,281$ 969$ 2,251$ (753)$ 1,497$

Total Appropriation 927,588 24,846$ 952,434$ 61,990$ 1,014,424$



General Fund without Special Projects

2FY16-17 FY16-17 FY17-18




Revenue

Property Taxes 458,299$ 55,416$ 513,715$ 18,851$ 532,566$

State Categorical 35,374$ (3,895)$ 31,479$ 1,081$ 32,560$

State Equalization 308,506$ (10,512)$ 297,994$ 7,091$ 305,085$

Specific Ownership Taxes 39,148$ 4,106$ 43,254$ 1,000$ 44,254$

Federal Revenue 1,000$ -$ 1,000$ -$ 1,000$

Other Local Support 30,584$ 8,177$ 38,761$ 3,603$ 42,364$

Charter School Capital Construction 2,717$ 175$ 2,892$ 83$ 2,975$


Total Revenue 875,628$ 53,467$ 929,095$ 31,709$ 960,804$

Expense

Employee Salaries 501,287$ 6,593$ 507,879$ 38,403$ 546,282$

Employee Benefits 63,958$ 1,384$ 65,342$ 12,437$ 77,779$

Charter Schools 131,602$ 13,563$ 145,165$ 11,519$ 156,684$

Supplies & Materials 42,316$ 7,822$ 50,139$ (706)$ 49,433$

Purchased Services 46,774$ 288$ 47,062$ (11,732)$ 35,330$

Property 3,008$ 2,286$ 5,295$ (2,286)$ 3,009$



Other Expenses 1,252$ (751)$ 501$ 1,571$ 2,072$

Site Assigned Reserves 17,917$ (3,917)$ 14,000$ 6,652$ 20,652$

School Location/Relocation Support 843$ (420)$ 423$ 231$ 654$

School Carry Forward 13,000$ (13,000)$ -$ 11,200$ 11,200$

Unassigned Teacher 3,722$ 17$ 3,739$ 35$ 3,774$

Total Expense 890,235 13,865$ 904,100$ 68,982$ 973,083$


Restricted – TABOR Reserves 25,353$ 1,681$ 27,034$ 1,350$ 28,383$


General Contingency 12,335$ 5,608$ 17,943$ (8,886)$ 9,058$

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 4,000$ -$ 4,000$ -$ 4,000$

Risk Fund Reserves 2,000$ -$ 2,000$ -$ 2,000$



Interfund Transfers (1,509)$ 633$ (875)$ 1,511$ 636$

Total Appropriation 949,888 31,892$ 981,780$ 64,143$ 1,045,924$


General Fund with Special Projects


2FY16-17 FY16-17 FY17-18



Beginning Balance 12,366$ 5,173$ 17,540$ (729)$ 16,810$

Revenue

Property Taxes -$ -$ -$ -$ -$

State Categorical -$ -$ -$ -$ -$

State Equalization -$ -$ -$ -$ -$

Specific Ownership Taxes -$ -$ -$ -$ -$

Federal Revenue -$ -$ -$ -$ -$

Other Local Support 9,934$ 1,873$ 11,807$ 2,883$ 14,690$

Charter School Capital Construction -$ -$ -$ -$ -$


Total Revenue 9,934$ 1,873$ 11,807$ 2,883$ 14,690$

Expense

Employee Salaries 9,414$ (356)$ 9,058$ 363$ 9,421$

Employee Benefits 2,207$ (67)$ 2,140$ 63$ 2,203$

Charter Schools -$ -$ -$ -$ -$

Supplies & Materials 1,248$ 227$ 1,475$ 532$ 2,007$

Purchased Services 1,365$ 170$ 1,534$ 539$ 2,073$

Property 436$ 301$ 738$ (365)$ 373$

Debt Service Interest -$ -$ -$ -$ -$

Debt Service Principal -$ -$ -$ -$ -$

Other Expenses 159$ (172)$ (13)$ 681$ 668$

Site Assigned Reserves 325$ (325)$ -$ 967$ 967$

School Location/Relocation Support -$ -$ -$ -$ -$

School Carry Forward -$ -$ -$ -$ -$

Unassigned Teacher -$ -$ -$ -$ -$

Total Expense 15,155 (222)$ 14,933$ 2,780$ 17,712$


Restricted – TABOR Reserves -$ -$ -$ -$ -$

Assigned Reserves 9,935$ 7,605$ 17,540$ (2,891)$ 14,648$

General Contingency -$ -$ -$ -$ -$

CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$

School Location/Relocation Support Reserves -$ -$ -$ -$ -$

Unassigned Teacher Reserves -$ -$ -$ -$ -$

Risk Fund Reserves -$ -$ -$ -$ -$



Interfund Transfers (2,790)$ (336)$ (3,126)$ 2,265$ (861)$

Total Appropriation 22,300 7,046$ 29,346$ 2,154$ 31,500$


Special Projects


2FY16-17 FY16-17 FY17-18




Revenue


State Categorical 18,352$ 1,374$ 19,726$ (150)$ 19,576$



Federal Revenue 80,887$ 2,682$ 83,569$ (14,494)$ 69,075$

Other Local Support 17,072$ 6,425$ 23,498$ (5,631)$ 17,867$



Total Revenue 116,311$ 10,482$ 126,793$ (20,274)$ 106,518$

Expense

Employee Salaries 57,814$ (6,619)$ 51,195$ (10,986)$ 40,208$

Employee Benefits 15,459$ (1,985)$ 13,475$ (2,315)$ 11,160$

Charter Schools 8,481$ 660$ 9,141$ 942$ 10,083$

Supplies & Materials 7,009$ (1,521)$ 5,489$ 209$ 5,698$

Purchased Services 20,381$ 14,584$ 34,965$ (7,484)$ 27,481$

Property 1,878$ 81$ 1,959$ (777)$ 1,182$



Other Expenses 7,394$ 97$ 7,491$ (1,223)$ 6,268$

Site Assigned Reserves 7,606$ (1,269)$ 6,337$ 638$ 6,975$




Total Expense 126,023 4,028$ 130,051$ (20,996)$ 109,055$



Assigned Reserves 1,894$ 15,634$ 17,528$ 839$ 18,367$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





Total Approriated Reserves 1,894$ 15,634$ 17,528$ 839$ 18,367$

Interfund Transfers 596$ (633)$ (38)$ -$ (38)$

Total Appropriation 128,512 19,029$ 147,541$ (20,157)$ 127,384$

Unappropriated Reserves 6,190$ 3,444$ 9,633$ (9,633)$ -$

Grants Special Revenue Fund


2FY16-17 FY16-17 FY17-18



Beginning Balance 2,178$ 991$ 3,169$ 297$ 3,465$

Revenue






Other Local Support 874$ (64)$ 810$ (172)$ 638$



Total Revenue 874$ (64)$ 810$ (172)$ 638$

Expense

Employee Salaries 2,217$ -$ 2,217$ 431$ 2,649$

Employee Benefits 416$ -$ 416$ 118$ 534$


Supplies & Materials 553$ -$ 553$ 2$ 555$

Purchased Services 977$ (64)$ 913$ 502$ 1,415$

Property 28$ -$ 28$ 81$ 108$



Other Expenses 943$ -$ 943$ 112$ 1,055$

Site Assigned Reserves 757$ -$ 757$ 143$ 900$




Total Expense 5,891 (64)$ 5,827$ 1,389$ 7,216$



Assigned Reserves 1,998$ 991$ 2,989$ (2,364)$ 625$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





Total Approriated Reserves 1,998$ 991$ 2,989$ (2,364)$ 625$

Interfund Transfers (4,838)$ -$ (4,838)$ 1,100$ (3,738)$

Total Appropriation 3,051 927$ 3,978$ 125$ 4,103$


Pupil Activity Fund


2FY16-17 FY16-17 FY17-18



Beginning Balance 19,043$ (698)$ 18,345$ (4,562)$ 13,784$

Revenue

Property Taxes 32,072$ -$ 32,072$ 842$ 32,914$





Other Local Support 712$ -$ 712$ (692)$ 20$



Total Revenue 32,784$ -$ 32,784$ 150$ 32,934$

Expense

Employee Salaries 38,058$ -$ 38,058$ (7,185)$ 30,873$

Employee Benefits 6,448$ -$ 6,448$ (825)$ 5,622$


Supplies & Materials 1,202$ -$ 1,202$ (1,201)$ 1$

Purchased Services 240$ -$ 240$ (80)$ 160$

Property -$ -$ -$ -$ -$



Other Expenses -$ -$ -$ -$ -$

Site Assigned Reserves -$ -$ -$ -$ -$




Total Expense 45,948 -$ 45,948$ (9,292)$ 36,656$



Assigned Reserves 1,500$ -$ 1,500$ -$ 1,500$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





Total Approriated Reserves 1,500$ -$ 1,500$ -$ 1,500$

Interfund Transfers -$ -$ -$ -$ -$

Total Appropriation 47,448 -$ 47,448$ (9,292)$ 38,156$

Unappropriated Reserves 4,380$ (698)$ 3,682$ 4,880$ 8,562$

ProComp Special Revenue Fund


2FY16-17 FY16-17 FY17-18



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

Revenue






Other Local Support -$ -$ -$ -$ -$



Total Revenue -$ -$ -$ -$ -$

Expense

Employee Salaries -$ -$ -$ -$ -$

Employee Benefits -$ -$ -$ -$ -$


Supplies & Materials -$ -$ -$ -$ -$

Purchased Services -$ -$ -$ -$ -$

Property -$ -$ -$ -$ -$








Total Expense - -$ -$ -$ -$



Assigned Reserves -$ -$ -$ -$ -$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





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


Total Appropriation - -$ -$ -$ -$


Tutition Fund


2FY16-17 FY16-17 FY17-18




Revenue

Property Taxes 111,739$ -$ 111,739$ 21,849$ 133,588$





Other Local Support 400$ -$ 400$ -$ 400$



Total Revenue 112,139$ -$ 112,139$ 21,849$ 133,988$

Expense





Purchased Services 65$ -$ 65$ 5$ 70$

Property -$ -$ -$ -$ -$








Total Expense 129,107 -$ 129,107$ (449)$ 128,658$





CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





Total Approriated Reserves 96,565$ 26,678$ 123,242$ 12,677$ 135,919$

Interfund Transfers 70$ -$ 70$ -$ 70$



Bond Redemption Fund


2FY16-17 FY16-17 FY17-18




Revenue






Other Local Support 276$ -$ 276$ 4,395$ 4,671$


Other Miscellaneous -$ 535,000$ 535,000$ (535,000)$ -$

Total Revenue 276$ 535,000$ 535,276$ (530,605)$ 4,671$

Expense

Employee Salaries 7,580$ -$ 7,580$ (406)$ 7,174$

Employee Benefits 1,639$ -$ 1,639$ 8$ 1,647$




Property 40,269$ 100,000$ 140,269$ 44,890$ 185,160$








Total Expense 49,488 100,000$ 149,488$ 44,493$ 193,981$



Assigned Reserves -$ 68,281$ 68,281$ (38,281)$ 30,000$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





Total Approriated Reserves -$ 68,281$ 68,281$ (38,281)$ 30,000$



Unappropriated Reserves -$ 405,000$ 405,000$ (150,315)$ 254,685$

Building Fund


2FY16-17 FY16-17 FY17-18




Revenue






Other Local Support 30,476$ -$ 30,476$ (14,658)$ 15,818$



Total Revenue 30,476$ -$ 30,476$ (14,658)$ 15,818$

Expense





Purchased Services 4,060$ -$ 4,060$ (231)$ 3,829$

Property 10,963$ -$ 10,963$ 35,635$ 46,598$








Total Expense 36,907 -$ 36,907$ 29,104$ 66,011$



Assigned Reserves 2,413$ 1,760$ 4,173$ 522$ 4,694$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





Total Approriated Reserves 2,413$ 1,760$ 4,173$ 522$ 4,694$

Interfund Transfers 6,424$ -$ 6,424$ (2,950)$ 3,474$



Capital Reserve Fund


2FY16-17 FY16-17 FY17-18



Beginning Balance -$ 141$ 141$ (141)$ -$

Revenue


State Categorical 330$ -$ 330$ 355$ 685$



Federal Revenue 36,440$ 1,500$ 37,940$ (1,447)$ 36,493$

Other Local Support 5,587$ -$ 5,587$ (426)$ 5,161$



Total Revenue 42,357$ 1,500$ 43,857$ (1,518)$ 42,339$

Expense

Employee Salaries 16,563$ -$ 16,563$ 654$ 17,217$

Employee Benefits 3,637$ -$ 3,637$ 252$ 3,889$


Supplies & Materials 21,237$ -$ 21,237$ (404)$ 20,833$


Property 103$ -$ 103$ 57$ 160$



Other Expenses 77$ -$ 77$ (15)$ 62$

Site Assigned Reserves -$ 1,500$ 1,500$ (1,500)$ -$




Total Expense 42,450 1,500$ 43,950$ (957)$ 42,993$



Assigned Reserves 650$ 141$ 791$ (791)$ -$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





Total Approriated Reserves 650$ 141$ 791$ (791)$ -$

Interfund Transfers (743)$ -$ (743)$ 89$ (654)$

Total Appropriation 42,357 1,641$ 43,998$ (1,659)$ 42,339$


Food Service Fund


2FY16-17 FY16-17 FY17-18




Revenue






Other Local Support 902$ -$ 902$ -$ 902$



Total Revenue 902$ -$ 902$ -$ 902$

Expense

Employee Salaries 72$ -$ 72$ (5)$ 67$

Employee Benefits 19$ -$ 19$ 3$ 22$


Supplies & Materials 629$ -$ 629$ 34$ 662$


Property -$ -$ -$ -$ -$








Total Expense 923 -$ 923$ 1$ 924$



Assigned Reserves 1$ -$ 1$ (1)$ -$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





Total Approriated Reserves 1$ -$ 1$ (1)$ -$


Total Appropriation 924 -$ 924$ 0$ 924$

Unappropriated Reserves 0$ -$ 0$ (0)$ -$

Warehouse/Reproduction Internal Service Fund


2FY16-17 FY16-17 FY17-18



Beginning Balance 7,620$ -$ 7,620$ -$ 7,620$

Revenue






Other Local Support 2,172$ -$ 2,172$ -$ 2,172$



Total Revenue 2,172$ -$ 2,172$ -$ 2,172$

Expense


Employee Benefits 2,380$ -$ 2,380$ -$ 2,380$




Property -$ -$ -$ -$ -$








Total Expense 2,380 -$ 2,380$ -$ 2,380$



Assigned Reserves 7,412$ -$ 7,412$ -$ 7,412$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





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


Total Appropriation 9,792 -$ 9,792$ -$ 9,792$


Private Purpose Trust Fund


2FY16-17 FY16-17 FY17-18




Revenue






Other Local Support -$ -$ -$ -$ -$



Total Revenue -$ -$ -$ -$ -$

Expense




Supplies & Materials 129$ -$ 129$ -$ 129$


Property -$ -$ -$ -$ -$








Total Expense 129 -$ 129$ -$ 129$



Assigned Reserves -$ -$ -$ -$ -$


CDE Audit -$ -$ -$ -$ -$

Utilities -$ -$ -$ -$ -$





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


Total Appropriation 129 -$ 129$ -$ 129$


Governmental Permanent Fund


2017-2018 proposed budgetfil… · 2017 denver public schools mills2 48.54 54.50 49.28 49.04 annual...

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