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BOARD OF EDUCATION

ADAMS COUNTY SCHOOL DISTRICT 14

DRAFT APPROPRIATION RESOLUTION

WHEREAS: The Board of Education and the administrative staff of Adams County School District 14

of Adams County and the State of Colorado has duly adopted official budgets for the

ensuing fiscal year beginning July 1, 2020, and ending June 30, 2021, as required by law;

and

WHEREAS: said Board of Education will adopt in December 2020, a resolution certifying the mill

levy rates, which will identify the amount of money to collect from ad valorem property

taxes in 2021; and

WHEREAS: Colorado Revised State Statute 22‐44‐110 provides that after the adoption of the

budget the Board of Education may review and change the budget, with respect to both

revenues and expenditures, at any time prior to January 31 of the fiscal year for which

the budget was adopted; and

WHEREAS: said Board of Education is required by law to adopt a resolution appropriating the

monies to be expended during such ensuing fiscal year in each fund.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF EDUCATION OF ADAMS COUNTY

SCHOOL DISTRICT 14 IN ADAMS COUNTY AND THE STATE OF COLORADO that the amounts in

the following schedule be appropriated to each fund as specified in the “Adopted Budget” for the

ensuing fiscal year beginning July 1, 2020, and ending June 30, 2021.

Fund Appropriated FY 20-21

General Fund 68,502,075$

General Fund - Reserves 14,946,004

Total General Fund 83,448,079 General Fund -Risk Sub Reserve 2,344,546 Government Designated Purpose Grants Fund 19,566,005 Nutrition Services Fund 3,464,722 Student Activities Fund 488,912 Fee Supported Fund 399,861

Bond Redemption Fund 6,503,881 COP Debt Service Fund 488,108

Capital Reserve Fund: Capital Projects 1,529,822

Building Fund 27,566,020 Total Capital Reserve Fund 29,095,842 Total Appropriations All Funds 145,799,955

ATTEST: _________________________ __________________________

President, Board of Education Secretary, Board of Education

DATE: June 23, 2020

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Adams County School District 14

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GOVERNMENTAL FUNDS

Most governmental functions are typically financed through these

funds. The funds included in this category are:

General Fund

o Risk Management Fund

Special Revenue Funds

o Nutrition Services

o Grants Fund

o Student Activities

o Fee Supported Fund

Debt Service Fund

o Bond Redemption

o COPS Debt Fund

Capital Projects Fund

o Capital Reserve Fund

o Building Fund

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GENERAL FUND

As the District’s major operating fund, the General Fund accounts for

ordinary operating expenditures financed by property taxes, state

equalization payments, service charges and other resources.

The fund includes all resources and expenditures not legally or properly

accounted for in other funds. The General Fund balance is available to

the District for any purpose provided. It is expanded or transferred

according to Colorado Revised Statutes. It is the most significant fund in

relation to the District’s overall operation.

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Adams County School District 14 Analysis of Ending Fund Balance

As of May 20, 2020

Ending Fund Balance June 2019 19,943,570$

Nonspendable Fund Balance - Inventory 143,279$

TABOR Reserve 2,309,000

Restricted for Self Insurance 4,000,000

Contingency - 5% per Board Policy 3,465,905

Future Budgeted Use of Reserves 2,899,279

Colorado Preschool Program 343,697

Undesignated 6,782,410

Total Beginning Fund Balance 19,943,570$

Estimated 20‐21 Revenues 68,375,505

Estimated 20‐21 Expenditures 69,589,730

Change in Fund Balance (1,214,225)

Estimated Ending Fund Balance June 30, 2020

Nonspendable Fund Balance - Inventory 120,000

TABOR Reserve 2,439,416

MGT Bonus ‐

Contingency - 5% per Board Policy 3,489,307

Future Budgeted Use of Reserves 2,679,279

Restricted for Self Insurance 4,000,000

Unassigned 6,001,343$

18,729,345$

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2016-2017 2017-2018 2018-2019 2019-2020 2019-20 2020-21 Actual Actual Actual Est. Actual Supplemental GF - Budget

BEGINNING FUND BALANCE 13,846,677 17,370,810$ 21,187,983$ 19,943,503$ 19,943,570$ 18,729,345$

LOCAL SUPPORT - Property Taxes Current 21,126,181 23,052,471 22,839,578 25,679,359 26,249,347 26,519,165 Specific Ownership Tax 2,469,691 2,678,093 2,483,258 2,239,923 2,494,072 2,575,694 Other Local 649,794 921,159 809,063 530,275 744,750 531,314 STATE SUPPORT - Net State Equalization 35,987,629 34,244,963 33,660,491 34,450,228 34,373,432 30,017,180 PERA Direct Distribution Payment - - 1,193,650 1,193,650 1,193,650 - State Categorical 2,447,014 2,466,276 2,858,444 2,485,502 2,598,146 2,597,881 FEDERAL SUPPORT - Federal Revenue 3,105,282 2,934,979 3,119,441 3,062,048 2,850,000 2,900,000 OTHER SUPPORT - Transfer out to Other Funds (1,020,000) (895,000) (1,061,349) (1,434,000) (1,434,000) (617,500) Earnings on Investments 130,726 289,603 495,081 365,000 450,000 145,000 TOTAL REVENUE 64,896,317 65,692,545 66,397,657 68,571,985 69,519,397 64,668,734

- - TOTAL AVAILABLE RESOURCES 78,742,994 83,063,355 87,585,640 88,515,488 89,462,967 83,398,079

EXPENDITURES Employee Salaries 39,908,730 40,228,933 42,688,390 42,838,577 43,823,116 43,518,540 Employee Benefits 12,229,634 12,468,711 14,341,800 14,340,099 14,845,920 12,643,504 Purchased Services 2,337,552 1,980,280 3,442,725 2,693,176 4,977,861 2,848,361 Purchased Services - EMO - - - 2,620,000 2,350,000 2,265,852 Supplies & Materials 4,253,827 3,075,461 2,945,290 4,667,404 3,806,618 4,141,464 Utilities 1,868,016 1,874,065 1,945,671 1,994,020 1,821,900 2,004,090 Property & Equipment 639,345 1,080,525 469,989 283,459 358,569 291,436 Other Expenditures 135,080 1,124,043 1,808,272 349,408 759,915 788,828 TOTAL EXPENDITURES 61,372,184 61,832,018 67,642,137 69,786,143 72,743,899 68,502,075

RESERVES DESIGNATED Nonspendable Fund Balance - Inventory 315,129 1,596,254 143,279 120,000 120,000 120,000 TABOR Reserve 2,297,229 2,439,416 2,309,000 2,439,416 2,309,000 2,300,000 Restricted for Self Insurance 4,000,000 5,118,689 4,000,000 4,000,000 - - MGT Bonus - - - - - 1,361,000 Contingency - 5% per Board Policy 3,068,609 3,161,602 3,465,905 3,489,307 3,465,905 3,465,905 Assigned for future use of budget - - 2,899,279 2,679,279 2,850,000 1,025,000 Colorado Preschool Program 243,827 205,768 343,697 - 84,503 - Undesignated 7,446,016 8,666,254 6,782,343 6,001,343 7,889,660 6,624,099 TOTAL RESERVES 17,370,810$ 21,187,983$ 19,943,503$ 18,729,345$ 16,719,068$ 14,896,004$

- TOTAL APPROPRIATION 64,896,317$ 65,692,545$ 66,397,657$ 68,571,985$ 72,743,899$ 83,398,079$

Adams County School District 14GENERAL FUND

Schedule of Revenue, Expenditures and Fund ReserveFiscal Year 2016-2017 - 2020-2021

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Summary of RevenueFiscal Year 2016-2017 To 2020-2021

Audited Revenues2016-17 2017-18 2018-19

DESCRIPTION Actual Actual Actual

LOCAL SOURCES1110 Property Taxes Current 16,236,181$ 18,077,752$ 17,889,399$ 1110 Property Taxes Override (Referendum) 4,890,000 4,890,000 4,890,000 1141 Property Taxes Abatement Levy 26,219 84,719 60,179

Total Property Tax Revenue 21,152,400 23,052,471 22,839,578

1120 Specific Ownership Tax - In Formula 1,234,846 1,778,093 1,583,258 1120 Specific Ownership Tax - Not in Formula 1,234,846 900,000 900,000 1310 Preschool Tuition - - - 1510 Investment Interest 130,726 289,603 495,081 1851 Charter School Services - - - 1900 E-Rate Revenue 44,253 32,569 37,869 1900 Facility Usage - - - 1900 Miscellaneous Revenue 132,509 207,284 135,163 1930 Sale of Fixed Assets - - - 1972 Grant Indirect Costs 391,873 617,696 582,519 1972 Nutrition Services - Indirect Cost - - - 2050 Payments in Lieu of Taxes 54,941 63,610 53,512

TOTAL LOCAL REVENUE SOURCES 24,376,394 26,941,326 26,626,980

STATE SOURCES3110 Revenue State Equalization 38,762,629 38,169,963 40,144,898

Less: Allocation to Capital Reserve, PS and Risk Mgmt. (2,775,000) (3,925,000) (6,484,407) 3110 Net State Equalization 35,987,629 34,244,963 33,660,491

3010 PERA Direct Disbursement - - 1,193,650 3120 Career & Technical Education 89,792 186,205 93,746 3130 ECEA 1,438,929 1,376,745 1,359,637 3140 ELPA 460,537 443,939 501,228 3160 Transportation 457,755 459,387 903,833

TOTAL STATE REVENUE SOURCES 38,434,642 36,711,239 37,712,585

FEDERAL SOURCES4000 Impact Aid Public Law 874 3,105,282 2,934,979 3,119,441 4000 Department of Defense (JROTC) - - - 4020 Food Care Program - Preschool - - -

TOTAL FEDERAL REVENUE SOURCES 3,105,282 2,934,979 3,119,441

SUBSIDIES TO OTHER FUNDS5221 Transfer to Food Service Fund - - - 5223 Transfer to Athletics & Activities Fund (664,000) (664,000) (634,000) 5229 Transfer to Fee Supported Fund (356,000) (231,000) (300,000) 5239 Transfer to COP Debt Fund - - (127,349)

TOTAL SUBSIDIES TO OTHER FUNDS (1,020,000) (895,000) (1,061,349)

TOTAL REVENUES 64,896,318$ 65,692,545$ 66,397,657$

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Summary of RevenueFiscal Year 2016-2017 To 2020-2021

Budget

2019-20 2020-21Supplemental Proposed DESCRIPTION

LOCAL SOURCES21,359,347$ 21,629,165$ 1110 Property Taxes Current 4,890,000 4,890,000 1110 Property Taxes Override (Referendum)

40,000 175,000 1141 Property Taxes Abatement Levy26,289,347 26,694,165 Total Property Tax Revenue

1,554,072 1,600,694 1120 Specific Ownership Tax - In Formula 900,000 800,000 1120 Specific Ownership Tax - Not in Formula

- - 1310 Preschool Tuition450,000 145,000 1510 Investment Interest

- - 1851 Charter School Services45,000 45,000 1900 E-Rate Revenue

- - 1900 Facility Usage118,750 131,314 1900 Miscellaneous Revenue

- - 1930 Sale of Fixed Assets515,000 300,000 1972 Grant Indirect Costs

- - 1972 Nutrition Services - Indirect Cost55,000 55,000 2050 Payments in Lieu of Taxes

29,927,169 29,771,173 TOTAL LOCAL REVENUE SOURCES

STATE SOURCES37,243,432 31,982,180 3110 Revenue State Equalization (2,870,000) (1,965,000) Less: Allocation to Cap Reserve and Risk Mgmt, and PS34,373,432 30,017,180 3110 Net State Equalization

1,193,650 - 3010 PERA Direct Distribution Payment100,000 100,000 3120 Career & Technical Education

1,527,734 1,547,469 3130 ECEA520,412 520,412 3140 ELPA450,000 430,000 3160 Transportation

38,165,228 32,615,061 TOTAL STATE REVENUE SOURCES

FEDERAL SOURCES2,850,000 2,900,000 4000 Impact Aid Public Law 874

- - 4000 Department of Defense (JROTC)- - 4020 Food Care Program - Preschool

2,850,000 2,900,000 TOTAL FEDERAL REVENUE SOURCES

SUBSIDIES TO OTHER FUNDS- 5221 Transfer to Food Service Fund

(674,000) - 5223 Transfer to Athletics & Activities Fund(270,000) (130,000) 5229 Transfer to Fee Supported Fund(490,000) (487,500) 5239 Transfer to COP Debt Fund

(1,434,000) (617,500) TOTAL SUBSIDIES TO OTHER FUNDS

69,508,397$ 64,668,734$ TOTAL REVENUES

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Adams County School District No 14

GENERAL FUNDSchedule of Resource Changes

Proposed Budget - Fiscal Year 2020-2021

FY 2019-2020 FY 2019-2020 FY 2020-2021Description Budget Est Actual Change Budget

LOCAL SOURCES1110 Property Taxes Current 21,359,347 20,718,567 910,598 21,629,165 1110 Property Taxes Override (Referendum) 4,890,000 4,890,000 - 4,890,000 1141 Property Taxes Abatement Levy 40,000 70,792 104,208 175,000

Total Property Tax Revenue 26,289,347 25,679,359 1,014,806 26,694,165 -

1120 Specific Ownership Tax - In Formula 1,554,072 1,589,923 10,771 1,600,694 1120 Specific Ownership Tax - Not in Formula 900,000 650,000 150,000 800,000 1510 Investment Interest 450,000 365,000 (220,000) 145,000 1900 E-Rate Revenue 45,000 45,000 - 45,000 1900 Miscellaneous Revenue 118,750 117,170 14,144 131,314 1930 Sale of Fixed Assets - - 1972 Grant Indirect Costs 515,000 313,105 (13,105) 300,000 1972 Nutrition Services - Indirect Cost - - - - 2050 Payments in Lieu of Taxes 55,000 55,000 - 55,000

TOTAL LOCAL REVENUE SOURCES 29,927,169 28,814,557 956,616 29,771,173

STATE SOURCES3110 Revenue State Equalization 37,243,432 37,243,432 (5,338,048) 31,905,384

Less: Allocation to Capital Reserve and Risk Management (2,870,000) (2,870,000) 905,000 (1,965,000) 3110 Net State Equalization 34,373,432 34,373,432 (4,433,048) 29,940,384

3120 Career & Technical Education 100,000 80,121 19,879 100,000 3130 ECEA 1,527,734 1,547,469 - 1,547,469 3140 ELPA 520,412 520,412 - 520,412 3160 Transportation 450,000 337,500 92,500 430,000 3235 At-Risk - 76,796 - 76,796 3898 Other State Agency 1,193,650 1,193,650 (1,193,650)

TOTAL STATE REVENUE SOURCES 38,165,228 38,129,380 (1,081,271) 32,615,061

FEDERAL SOURCES4000 Impact Aid Public Law 874 2,850,000 3,062,048 (162,048) 2,900,000

TOTAL FEDERAL REVENUE SOURCES 2,850,000 3,062,048 (162,048) 2,900,000

SUBSIDIES TO OTHER FUNDS5200 Transfer to Other Funds (1,434,000) (1,434,000) 816,500 (617,500)

TOTAL SUBSIDIES TO OTHER FUNDS (1,434,000) (1,434,000) 816,500 (617,500)

TOTAL REVENUES 69,508,397 68,571,985 529,797 64,668,734

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GENERAL FUND (continued)

Risk Related Activities Sub Fund

The Risk Management sub‐fund is used to maintain a self‐balancing set

of records for insurance reserve requirements.

Risk sub‐fund appropriations are not included in General Fund

appropriations.

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GENERAL FUND (continued)

RISK MANAGEMENT ACTIVITIES SUB‐FUND

The Risk Management Fund is used to account for the resources to self‐insure a portion of the

Districts liability, property and workers’ compensation insurance needs, and provide overall risk

management activities for the District. Funding is provided for:

Property Insurance

Liability

Workers Compensation

Safety Programs and Training throughout the District

The majority of expenses in this fund are premiums paid to Colorado School District Self

Insurance Pool (CSDSIP) for property liability type insurance. Additionally premiums are paid to

Pinnacol Assurance for Workers Compensation Insurance. Expenditures for the Risk

Management Fund continue to increase as the District continues to resolve liability claims and

as CSDSIP experiences increased costs due to state‐wide property damage claims. Insurance

costs are covered by a fund transfer from the General Fund.

For Fiscal Year 2020‐21 the General Fund will transfer $2,050,000 into the Risk Management

Fund to cover anticipated expenditures of $2,430,123.

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Adams County School District No. 14Risk Management - Sub Fund

Schedule of Revenue, Expenditures and Fund BalanceFiscal year 2020-2021 Proposed Budget

Audited Expenditures2016-17 2017-18 2018-19Actual Actual Actual

BEGINNING FUND BALANCE 605,962$ 728,554$ 1,053,739$

REVENUES Local Sources Claims Revenue 88,020 213 17,045 Total Revenue 88,020 213 17,045

OTHER FINANCING SOURCES Transfers In 1,425,000 1,725,000 1,625,000

TOTAL REVENUES AND OTHER FINANCING SOURCES 1,513,020 1,725,213 1,642,045

TOTAL AVAILABLE RESOURCES 2,118,982 2,453,767 2,695,784

EXPENDITURES Salaries 91,504 - - Benefits 27,456 - - Purchase Services 1,271,468 1,400,028 1,675,967 Supplies and Materials - - - Other Expense - - - Total Expenditures 1,390,428 1,400,028 1,675,967

TOTAL RESOURCES APPROPRIATED 1,390,428 1,400,028 1,675,967

ENDING FUND BALANCE 728,554 1,053,739 1,019,817

TOTAL APPROPRIATION ANDFUND BALANCE 2,118,982$ 2,453,767$ 2,695,784$

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Adams County School District No. 14Risk Management - Sub Fund


Budget2019-20 2019-20 2020-21Budget Est. Actual Change Budget

1,019,817$ 1,019,817$ (645,391)$ 374,426$ BEGINNING FUND BALANCE

REVENUES Local Sources

10,000 17,113$ 5,000 15,000 Claims Revenue10,000 17,113 5,000 15,000 Total Revenue

OTHER FINANCING SOURCES1,500,000 1,500,000 465,000 1,965,000 Transfers In

TOTAL REVENUES AND OTHER 1,510,000 1,517,113 470,000 1,980,000 FINANCING SOURCES

2,529,817 2,536,930 (175,391) 2,354,426 TOTAL AVAILABLE RESOURCES

EXPENDITURES26,994 26,994 (26,994) - Salaries8,098 8,094 (8,098) - Benefits

2,234,939 2,116,172 59,607 2,294,546 Purchase Services- 11,244 - - Supplies and Materials

50,000 - - 50,000 Contingency2,320,031 2,162,504 24,515 2,344,546 Total Expenditures

2,320,031 2,162,504 24,515 2,344,546 TOTAL RESOURCES APPROPRIATED

209,786 374,426 (199,906) 9,880 ENDING FUND BALANCE

TOTAL APPROPRIATION AND2,529,817$ 2,536,930$ (175,391)$ 2,354,426$ FUND BALANCE

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SPECIAL REVENUE FUNDS

Special Revenue Funds, other than expendable trusts or funds for major

capital projects, account for the proceeds of specific revenue sources.

Expenditures from these funds are legally restricted to the fund’s

specific purposes.

Nutritional Services

Designated Purpose Grant Funds

Student Activity Fund (Athletic Fund is not included in the

General Fund)

Fee Supported Fund

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Adams County School District No. 14Special Revenue Funds


Special Revenue FundsNutrition Government Student FeeServices Designated Purpose Activity Supported Total

BEGINNING FUND BALANCE 290,924$ -$ 268,699$ 165,224$ 724,847$

REVENUES Local Sources Charges for Services 90,000 - - 154,105 244,105 Student Activites Fundraising - - 488,912 - 488,912 Local Grants - 180,000 - - 180,000 State Sources State Grants 82,529 2,028,486 - - 2,111,015 Federal Sources Federal Grants 2,751,700 17,357,519 - - 20,109,219 Donated Commodities 250,000 - - - 250,000 TOTAL REVENUE 3,174,229 19,566,005 488,912 154,105 23,383,251

OTHER FINANCING SOURCES Transfers In - - - 130,000 130,000

TOTAL REVENUES AND OTHER FINANCING SOURCES 3,174,229 19,566,005 488,912 284,105 23,513,251

TOTAL AVAILABLE RESOURCES 3,465,153 19,566,005 757,611 449,329 24,238,098

EXPENDITURES Employee Salaries 1,343,647 6,930,656 - 282,922 8,557,225 Employee Benefits 475,569 2,023,069 - 79,218 2,577,856 Purchased Services 75,360 3,552,570 - 40,000 3,667,930 Supplies & Materials 1,561,146 1,152,893 - 62,006 2,776,045 Property & Equipment - 2,354,248 - - 2,354,248 Non-Instructional Student Activities - - 488,912 - - Other Expenditures 9,000 3,552,570 - (64,285) 3,497,285

TOTAL RESOURCES APPROPRIATED 3,464,722 19,566,005 488,912 399,861 23,430,588

ENDING FUND BALANCE 431 - 268,699 49,468 318,598

TOTAL APPROPRIATION ANDFUND BALANCE 3,465,153$ 19,566,005$ 757,611$ 449,329$ 24,238,098$

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NUTRITIONAL SERVICES FUND

This fund accounts for all financial activities associated with the District school

breakfast, lunch, snack, summer food service, and fresh fruit and vegetable grant

programs. The program operates on a financially self‐funded basis. Food Service

accounts for operations that are financed and operated in a manner similar to private

customers, sets measurable goals, and maintains a philosophy of customer service in

dealing with students, parents, school staff, and the community.

With a Free and Reduced rate over 80 percent the Board of Education believes that

every student will be offered a free breakfast and lunch regardless of their free and

reduced status. The Board of Education believes that for many of our students the meals

they receive at school may be the only meals available to them. The decision to provide

meals to all students, and more recently due to the COVID‐ 19 pandemic, the fund has

been stretched to its maximum limitations. The District is continually researching grants

and programs to support this fund. Fiscal year 2020‐21 was nearly the first year the

fund would not be self‐supporting, however due to the COVID‐19 pandemic several

grants were identified near year end that eliminated the need for General Fund support

in the coming year of about $50,000. Barring a significant rise in the District’s free and

reduced percentage, this required annual transfer is projected to rise in subsequent

years as the fund will have depleted all of its reserves.

For Fiscal Year 2020‐21 the Fund will spend approximately $3,464,722. This is a decrease

of $279,816 over the 2019‐20 budget.

Focus Areas for Food Service

Assess potential solutions to reduce or eliminate General Fund subsidies in

future years.

Provide healthy and nutritious meals to enhance student learning.

Continue to focus on operation efficiencies and consistency throughout the District’s nutrition programs.

Provide opportunities and resources to assist in teaching students healthy behaviors and contribute to the overall learning environment.

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Adams County School District No. 14

Nutrition Services FundSchedule of Revenue, Expenditures and Fund Balance

Fiscal year 2020-2021 Proposed Budget


BEGINNING FUND BALANCE 733,260$ 927,020$ 1,013,229$

REVENUES Local Sources Charges for Services 67,622 110,952 85,249 State Sources State Grants 69,480 71,505 76,563 Federal Sources Federal Reimbursement 3,428,720 3,232,683 2,979,762 Donated Commodities 219,000 232,168 247,160 Contributed Capital - - - TOTAL REVENUE 3,784,822 3,647,308 3,388,734


EXPENDITURES Salaries 1,296,158 1,216,588 1,283,743 Benefits 461,293 449,833 486,937 Purchased Services 56,420 59,125 52,237 Supplies and Materials 1,767,692 1,784,213 1,711,379 Other Expenses 9,499 51,340 8,786


ENDING FUND BALANCE 927,020 1,013,229 858,881


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Nutrition Services FundSchedule of Revenue, Expenditures and Fund Balance


Budget2019-20 2019-20 2020-21Budget Est Actual Change Budget

738,890$ 858,881$ (567,957)$ 290,924$ BEGINNING FUND BALANCE


77,329 109,553 (19,553) 90,000 Charges for Services- State Sources

86,745 51,964 30,565 82,529 State Grants- Federal Sources

2,803,641 2,205,432 546,268 2,751,700 Federal Reimbursement245,000 250,000 - 250,000 Donated Commodities

- - - - Transfer from General Fund3,212,715 2,616,949 557,280 3,174,229 TOTAL REVENUE


EXPENDITURES1,331,246 1,349,409 (5,762) 1,343,647 Salaries

524,111 475,897 (328) 475,569 Benefits69,650 61,296 14,064 75,360 Purchased Services

1,653,618 1,294,716 266,430 1,561,146 Supplies and Materials54,000 3,588 5,412 9,000 Other Expenses

3,632,625 3,184,906 279,816 3,464,722 TOTAL RESOURCES APPROPRIAT

318,980 290,924 (290,493) 431 ENDING FUND BALANCE

TOTAL APPROPRIATION AND3,951,605$ 3,475,830$ (10,677)$ 3,465,153$ FUND BALANCE

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GOVERNMENT DESIGNATED PURPOSE GRANTS FUND

The Governmental Designated Purpose Grants Fund is provided to maintain a separate

accounting for fully funded federal and state grant programs. These programs are restricted as

to the type of expenditures for which they may be used and normally have a different fiscal

period than that of the district, which may leave some resources available for use in the next

fiscal year. Their grant funds supplement the regular District educational programs.

The total Fiscal Year 2020‐21 Grant Fund Budget of $19.6 million is an increase of

approximately $300,000 from last year’s budget.

State Grants

English Language Proficiency Act (ELPA)

The ELPA Program is a categorical program that supports the requirement to provide an

evidence‐based English language proficiency program for all English learners. The ELPA Program

provides funding intended to offset the cost of educating English learners. This goal of the

program is to increase the English language proficiency and academic performance of English

learners. The District records ELPA program dollars (state grant code 3140) in the general fund

and ELPA PD and Student Support (state grant code 3139) in the Grants Fund.

Colorado Reading To Ensure Academic Development Act (READ Act)

The READ Act focuses on early literacy development for all students and especially for students

at risk for not achieving third grade reading proficiency. It focuses on kindergarten through

third grade (K‐3) literacy development, literacy assessment and individual READ plans for

students identified with a significant reading deficiency.

School Counselor Corps Grant Program (SCCGP)

The purpose of this program is to increase the availability of effective school based counseling

within secondary schools and is awarded on a competitive basis to those eligible school district.

Grant funds are also used to increase the level of school counseling services provided to

improve the graduation rate and increase the percentage of students who appropriately

prepare for, apply to and continue into postsecondary education.

School to Work Alliance Program (SWAP)

The purpose of the SWAP program is to provide a wide range of services designed to help

students with disabilities prepare for and engage in gainful employment consistent with their

strengths, resources, priorities, concerns, abilities, capabilities, interests, and informed choice.

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Eligible students are those who have a physical or mental impairment that results in a

substantial impediment to employment, who can benefit from vocational rehabilitation services

for employment and who require these services.

Federal Grants

Carl D. Perkins Career and Technical Education Act (Perkins)

Perkins funds are made available to develop more fully the academic, career and technical skills

of secondary and postsecondary students who elect to enroll in CTE programs. Funds assist in

offering programs to develop the academic, vocational, and technical skills of students in high

school. Funds from this program are designed to improve career‐technical education programs

and ensure access to students who are members of populations with special needs.

Individuals with Disabilities Education Act (IDEA)

IDEA Part B and Part C grants represent the federal government’s assistance to local education

institutes in meeting the excess costs of providing special education and related services to

children with disabilities. Funds under this program are combined with state and local funds to

provide a Free Appropriate Public Education (FAPE) to children with disabilities that is tailored

to their individual needs. Children and youth (ages 3‐21) receive special education and related

services under IDEA Part B. Infants and toddlers with disabilities (birth‐2) and their families

receive early intervention services under IDEA Part C.

Medicaid

The Medicaid reimbursement program allows school districts to seek partial reimbursement

from Medicaid for providing qualifying health related services to students. Districts are required

to use reimbursement funds for additional or enhanced health and health related services to all

students. Funds are also used to increase the District’s outreach to uninsured students and

families and to provide assistance with access to health care.

Title Programs

Title I, Part A: Improving the Academic Achievement of the Disadvantaged

Provides resources to help ensure that all children have the opportunity to receive a quality

education, resulting in their attainment of high academic standards. Title I programs work to

address the needs of a school's lowest performing students and those students found to be at

most risk for not meeting state academic standards.

Title I, Part C: Education of Migratory Children the Migrant Education Program (MEP)

Provides supplemental support to eligible migrant children and youth. The purpose of the

program is to ensure that migratory children are not penalized in any manner by disparities

among curriculum, graduation requirements, academic content, and student academic

achievement standards. It also ensures that migratory children are provided with appropriate

23

educational services and opportunities so they can succeed in school and graduate from high

school being postsecondary education or employment ready.

Title II, Part A: Improving Teacher Quality

Provides resources to increase student academic achievement by improving teacher and

principal quality. This includes providing additional professional development to increase the

number of highly qualified teachers in classrooms, improve the skills of principals and assistant

principals in schools, and increase the effectiveness of teachers and principals. Funding also

supports the development and implementation of strategies to recruit, hire, and retain high

quality teachers and principals, as well as providing class size reductions.

Title III, Part A: Language Instruction for Limited English Proficient and Immigrant Student

Designed to improve and enhance the education of English Language Learners (ELLs) in

becoming proficient in English, as well as meeting challenging state academic content and

student academic achievement standards. Title III also addresses the need for family literacy,

providing English language instruction for parents and preschool‐age children.

Title VI, Part A: Student Support and Academic Enrichment

Intended to help increase the capacity of state agencies and local education agencies to do the

following; provide all students with well‐rounded education, improve school conditions for

student learning and improve the use of technology in order to improve the academic

achievement and digital literacy of all students.

Elementary and Secondary School Emergency Relief (ESSER) Funds

Elementary and Secondary School Emergency Relief (ESSER) Fund dollars will be appropriated

to state education agencies (SEAs) based on the previous year’s Title I shares, with 90% to be

allocated to local education agencies that received a Title I allocation in the most recent fiscal

year and the remaining 10% for an SEA reserve fund. LEA allocations will be calculated using the

Title I formula however relief funds will not be subject to Title I requirements. Adams 14 has

been awarded $1,656,681.

Coronavirus Aid, Relief, and Economic Security Act “CARES Act”

Guidance and details have been slow to be released on the allowable use of these funds.

Adams 14 was awarded $5.7 million dollars to be used by December, 2020. The District is

working with our auditors and with other metro area districts to ensure the funds are used

appropriately and to support COVID‐19 related home learning and in school social distancing

guidance and many other costs associated with the pandemic.

24

Adams County School District No. 14Government Designated Purpose Grants Fund


Federal CFDA 2016-17 2017-18 2018-19Number Actual Actual Actual

BEGINNING FUND BALANCE -$ -$ -$

REVENUES Title I 84.010 2,129,042 2,288,127 2,019,896 Title I - School Improvement 84.010A 158,060 289,297 6,982 Title II Part A - Teacher Quality 84.367 345,361 310,483 436,679 Title III Part A - ELL 84.365 176,764 178,146 280,003 Title IV Part A - Student Support Academic Enrichmen 84.424 - 12,656 32,897 Title VI-B - Special Education 84.027 1,015,837 1,513,030 1,393,924 Title X - McKinney Vento 84.196A 22,683 26,331 27,562 Tiered Intervention 87.377 81,307 80,000 - Fresh Fruit & Vegetable 10.582 125,076 175,269 152,314 Adult Education - EL Civics 84.002 297,297 563,426 644,387 Vocation Education 84.048 65,064 67,010 68,045 21st Century After School Learning 84.287C 569,188 - - Race to the Top 84.413A - 4,846 - Other Federal Grants(Medicare) N/A 1,009,251 1,280,333 1,033,220 Middle School Counselor Corp N/A 81,140 81,400 86,000 BEST Capital Construction - Non COP N/A 1,116,382 183,888 183,888 Colorado READ Act N/A 537,895 895,484 908,554 ELPA N/A 583,507 905,537 856,489 Rehabilitation Services - Vocational N/A 281,880 313,994 277,028 SAFER TBD - - - Cares Act Grants - ESSERF 84.425D - - - Cares Act Grants - CRF 21.019 - - - Other State & Local Grants N/A 423,290 389,966 615,422 Future Grants N/A - - - TOTAL REVENUES 9,019,023 9,559,223 9,023,290


EXPENDITURES Title I 84.010 2,129,042 2,288,127 2,019,896 Title I - School Improvement 84.010A 158,060 289,297 6,982 Title II Part A - Teacher Quality 84.367 345,361 310,483 436,679 Title III Part A - ELL 84.365 176,764 178,146 280,003 Title IV Part A - Student Support Academic Enrichmen 84.424 12,656 32,897 Title VI-B - Special Education 84.027 1,015,837 1,513,030 1,393,924 Title X - McKinney Vento 84.196A 22,683 26,331 27,562 Tiered Intervention 87.377 81,307 80,000 - Fresh Fruit & Vegetable 10.582 125,076 175,269 152,314 Adult Education - EL Civics 84.002 297,297 563,426 644,387 Vocation Education 84.048 65,064 67,010 68,045 21st Century After School Learning 84.287C 569,188 - - Race to the Top 84.413A 4,846 - Other Federal Grants(Medicare) N/A 1,009,251 1,280,333 1,033,220 Middle School Counselor Corp N/A 81,140 81,400 86,000 BEST Capital Construction N/A 1,116,382 183,888 183,888 Colorado READ Act N/A 537,895 895,484 908,554 ELPA N/A 583,507 905,537 856,489 Rehabilitation Services - Vocational N/A 281,880 313,994 277,028 SAFER TBD - - - Cares Act Grants - ESSERF 84.425D - - - Cares Act Grants - CRF 21.019 - - - Other State & Local Grants N/A 423,290 389,966 615,422 Future Grants N/A - - TOTAL RESOURCES APPROPRIATED 9,019,023 9,559,223 9,023,290

ENDING FUND BALANCE - - -

Audit Expenditures

25

Adams County School District No. 14Government Designated Purpose Grants Fund

Schedule of Revenue, Expenditures and Fund Balance

Budget2019-20 2019-20 2020-21 Budget Est Actual Change Budget

-$ -$ -$ -$ BEGINNING FUND BALANCE

REVENUES2,050,000 1,969,816 235,000 2,335,000 Title I

640,000 556,200 (567,500) 105,000 Title I - School Improvement300,000 271,323 51,000 375,000 Title II Part A - Teacher Quality350,000 331,703 (25,000) 240,000 Title III Part A - ELL

90,000 74,882 13,000 295,000 Title IV Part A - Student Support Academic Enr1,400,000 1,367,571 - 1,550,000 Title VI-B - Special Education

- - (28,000) - Title X - McKinney Vento- - - - Tiered Intervention

130,000 112,394 - 178,050 Fresh Fruit & Vegetable640,000 624,254 (644,387) - Adult Education - EL Civics

75,000 68,928 (4,261) 78,000 Vocation Education- - - 21st Century After School Learning- - - Race to the Top

1,050,000 930,445 (1,310,000) 1,190,000 Other Federal Grants- - - - Middle School Counselor Corp- - - - BEST Capital Construction - Non COP

450,000 416,258 (135,000) 480,000 Colorado READ Act675,000 650,586 (108,000) 550,000 ELPA250,000 241,140 24,515 278,486 Rehabilitation Services - Vocational

- - 640,797 640,797 SAFER 1,656,681 - 1,656,681 1,656,681 Cares Act Grants - ESSERF6,713,991 3,250,000 - 6,713,991 Cares Act Grants - CRF

900,000 867,560 125,000 900,000 Other State & Local Grants2,000,000 - - 2,000,000 Future Grants

19,370,672 11,733,060 (76,155) 19,566,005 TOTAL REVENUES


EXPENDITURES2,050,000 1,969,816 235,000 2,335,000 Title I

640,000 556,200 (567,500) 105,000 Title I - School Improvement300,000 271,323 51,000 375,000 Title II Part A - Teacher Quality350,000 331,703 (25,000) 240,000 Title III Part A - ELL

90,000 74,882 13,000 295,000 Title IV Part A - Student Support Academic Enr1,400,000 1,367,571 - 1,550,000 Title VI-B - Special Education

- - (28,000) - Title X - McKinney Vento- - - - Tiered Intervention

130,000 112,394 - 178,050 Fresh Fruit & Vegetable640,000 624,254 (644,387) - Adult Education - EL Civics

75,000 68,928 (4,261) 78,000 Vocation Education- - - - 21st Century After School Learning- - - - Race to the Top

1,050,000 930,445 (1,310,000) 1,190,000 Other Federal Grants- - - - Middle School Counselor Corp- - - BEST Capital Construction

450,000 416,258 (135,000) 480,000 Colorado READ Act675,000 650,586 (108,000) 550,000 ELPA250,000 241,140 24,515 278,486 Rehabilitation Services - Vocational

- - 640,797 640,797 SAFER 1,656,681 - 1,656,681 1,656,681 Cares Act Grants - ESSERF6,713,991 3,250,000 - 6,713,991 Cares Act Grants - CRF

900,000 867,560 125,000 900,000 Other State & Local Grants2,000,000 - - 2,000,000 Future Grants

19,370,672 11,733,060 (76,155) 19,566,005 TOTAL RESOURCES APPROPRIATED

- - - - ENDING FUND BALANCE


26

STUDENT ACTIVITY FUND

For fiscal year 2020‐21 the District has moved the budget and accounting for athletic activities

back to the General fund. This represents a shift back to the presentation of the spending as it

was shown in the General Fund prior to 2014. The decision to move the fund back within the

General Fund was made after consultation with the Districts auditors. This presentation is

considered a more accurate representation of the activity within the fund where over 90% of

the revenue is a transfer of funds from the General Fund. The change will also allow the District

a greater ability to manage the revenues and expenses within the fund.

In Fiscal Year 2019‐2020, the District moved what was previously Fund 74 Student Activities

Fund of approximately $300,000 to the fund to be in compliance with recently issued

accounting guidance from the Governmental Accounting Standards Board (GASB) outlined in

GASB 84. This was required given the District’s level of involvement in the fund. Expenditures

are anticipated to decrease slightly from the prior year budget, largely as a result of declining

enrollment.

27


BEGINNING FUND BALANCE 5,578$ 61,983$ 83,868$

REVENUES Local Sources Student Activities Fundraising - - - Gate Admissions 19,638 26,067 15,565 Student Fees 17,729 18,881 17,770 Total Revenue 37,367 44,948 33,335

OTHER FINANCING SOURCES Transfers In - Fund 74 - - - Transfers In 664,000 664,000 634,000 Total Other Financing Sources 664,000 664,000 634,000

TOTAL REVENUES AND OTHER FINANCING SOURCES 701,367 708,948 667,335

TOTAL AVAILABLE RESOURCES 706,945 770,931 751,203

EXPENDITURES Instructional Services Classified Salaries & Benefits 434,719 471,266 446,662 Purchased Services 61,041 37,959 62,585 Supplies & Materials 40,625 72,973 91,620 Capital Outlay 14,870 12,973 49,358 Other Expenses 93,707 91,892 100,978 Non-Instructional Services Purchased Services - - - Supplies & Materials - - - Contingency - - - Other Expenses - - -

TOTAL RESOURCES APPROPRIATED 644,962 687,063 751,203

ENDING FUND BALANCE 61,983 83,868 -

TOTAL APPROPRIATION ANDFUND BALANCE 706,945$ 770,931$ 751,203$

Adams County School District No. 14Student Activity Fund


28


-$ -$ 268,699$ 268,699$ BEGINNING FUND BALANCE


488,912 301,410 - 488,912 Student Activities Fundraising20,000 16,429 (20,000) - Gate Admissions25,000 12,161 (25,000) - Student Fees

533,912 330,000 (45,000) 488,912 Total Revenue

OTHER FINANCING SOURCES253,235 253,235 (253,235) - Transfers In - Fund 74674,000 674,000 (674,000) - Transfers In927,235 927,235 (927,235) - Total Other Financing Sources

TOTAL REVENUES AND OTHER 1,461,147 1,257,235 (719,000) 488,912 FINANCING SOURCES

1,461,147 1,257,235 (450,301) 757,611 TOTAL AVAILABLE RESOURCES

EXPENDITURES Instructional Services

475,088 449,978 (475,088) - Classified Salaries & Benefits62,256 43,353 (62,256) - Purchased Services94,919 90,434 (94,919) - Supplies & Materials

- 12,356 - - Capital Outlay101,094 84,622 (101,094) - Other Expenses

Non-Instructional Services70,000 14,091 - 70,000 Purchased Services

350,000 285,052 - 350,000 Supplies & Materials25,000 - - - Contingency68,912 8,650 - 68,912 Other Expenses

1,247,269 988,536 (733,357) 488,912 TOTAL RESOURCES APPROPRIATED

213,878 268,699 283,056 268,699 ENDING FUND BALANCE

TOTAL APPROPRIATION AND1,461,147$ 1,257,235$ (450,301)$ 757,611$ FUND BALANCE


Adams County School District No. 14Student Activity Fund


29

FEE SUPPORTED FUND

The Fee Supported Fund was created to account for the Adult Education operations, District’s

internal print shop, community facility use of buildings and grounds and the Before and After

School Day‐Care Program.

The District’s internal print shop provides services for both internal and external customers and

charges for their services.

The community facility use of buildings and grounds accounts for fees of external usage (rental)

of school buildings and grounds.

30

Adams County School District No. 14Fee Supported Fund



BEGINNING FUND BALANCE 96,473$ 178,796$ 158,772$

REVENUES Local Sources Tuition and Fees - Adult Education 31,306 31,760 44,325 Outside Printing - Printshop 2,434 9,326 7,316 Facility Use Fee 26,637 64,420 58,256 Before/After School Fees 177,211 115,956 74,649 Instructional Fee 13,413 12,064 9,230 Other Charges - - - Tuition and Fees - LAHS Child Care 6,691 20,510 33,534 gTOTAL REVENUE 257,692 254,036 227,310

OTHER FINANCING SOURCES Transfers In - Adult Education 180,000 30,000 155,000 Transfers In - Before and After 10,000 Transfers In - Printshop 30,000 46,000 - Transfer In - LAHS Child Care 146,000 145,000 135,000

TOTAL OTHER FINANCING SOURCES 355,000 221,000 300,000

TOTAL REVENUES AND OTHER FINANCING SOURCES 612,692 475,036 527,310

TOTAL AVAILABLE RESOURCES 712,845 653,832 686,082

EXPENDITURES Salaries and Benefits - Adult Education 139,914 133,221 125,276 Salaries and Benefits - Printshop 41,131 42,075 46,087 Salaries and Benefits - Facility Use 8,897 15,135 12,890 Salaries and Benefits - Daycare 132,229 130,196 68,818 Salaries and Benefits - LAHS Child Care 147,622 139,542 150,397 Purchased Services - Adult Education 9,982 980 7,234 Purchased Services - Printshop 31,718 20,748 23,421 Purchased Services - Facility Use 8,564 11,904 11,697 Purchased Services - LAHS Child Care 40 - - Supplies and Materials - Adult Education 5,932 15,335 25,783 Supplies and Materials - LAHS Child Care 4,284 5,427 3,554 Supplies and Materials - Printshop 10,160 6,790 15,255 Supplies and Materials - Facility Use 25,800 7,812 11,878 Supplies and Materials - Daycare - - 601 Supplies and Materials - Monaco 7,578 7,800 5,580 Other Expense - Adult Education - 598 - Other Expense - Daycare 1,011 1,211 - Other Expense - LAHS Child Care 155 232 800 Other Expense - Printshop (43,646) (43,946) (51,337)

TOTAL RESOURCES APPROPRIATED 531,369 495,060 457,934

ENDING FUND BALANCE 181,476 158,772 228,148

TOTAL APPROPRIATION ANDFUND BALANCE 712,845$ 653,832$ 686,082$

31

Adams County School District No. 14Fee Supported Fund



228,148$ 228,148$ (62,924)$ 165,224$ BEGINNING FUND BALANCE


41,019 29,439 (41,019) - Tuition and Fees - Adult Education8,582 6,000 (1,082) 7,500 Outside Printing - Printshop

37,500 31,000 12,500 50,000 Facility Use Fee47,414 41,380 (10,809) 36,605 Before/After School Fees

- - - - Instructional Fee 175 675 - - Other Charges

55,323 47,849 4,677 60,000 Tuition and Fees - LAHS Child Careg190,013 156,343 (35,733) 154,105 TOTAL REVENUE

OTHER FINANCING SOURCES105,000 105,000 (105,000) - Transfers In - Adult Education

40,000 40,000 40,000 Transfers In - Before and After20,000 20,000 - 20,000 Transfers In - Printshop

105,000 105,000 (35,000) 70,000 Transfer In - LAHS Child Care270,000 270,000 (140,000) 130,000 TOTAL OTHER FINANCING SOURCES

TOTAL REVENUES AND OTHER 460,013 426,343 (175,733) 284,105 FINANCING SOURCES

688,161 654,491 52,415 449,329 TOTAL AVAILABLE RESOURCES

EXPENDITURES123,618 118,112 (123,618) - Salaries and Benefits - Adult Education

60,273 60,273 - 60,273 Salaries and Benefits - Printshop9,467 4,592 2,833 12,300 Salaries and Benefits - Facility Use

94,773 93,357 10,093 104,866 Salaries and Benefits - Daycare140,083 153,257 44,618 184,701 Salaries and Benefits - LAHS Child Care

4,300 222 (4,300) - Purchased Services - Adult Education18,783 27,500 11,217 30,000 Purchased Services - Printshop21,685 10,177 (11,685) 10,000 Purchased Services - Facility Use

- - - Purchased Services - LAHS Child Care24,000 19,500 (24,000) - Supplies and Materials - Adult Education

9,975 6,973 (3,002) 6,973 Supplies and Materials - LAHS Child Care18,686 15,500 1,314 20,000 Supplies and Materials - Printshop79,395 19,596 (44,395) 35,000 Supplies and Materials - Facility Use

250 33 (217) 33 Supplies and Materials - Daycare- - - - Supplies and Materials - Monaco- - - - Other Expense - Adult Education

50,830 415 (50,415) 415 Other Expense - Daycare700 300 (400) 300 Other Expense - LAHS Child Care

(69,736) (40,540) 4,736 (65,000) Other Expense - Printshop

587,082 489,267 (187,221) 399,861 TOTAL RESOURCES APPROPRIATED

101,079 165,224 239,636 49,468 ENDING FUND BALANCE

TOTAL APPROPRIATION AND688,161$ 654,491$ 52,415$ 449,329$ FUND BALANCE

32

DEBT SERVICE FUNDS

Debt Service Funds account for the accumulation of resources and payment of

long term debt used to finance governmental activities capital construction and

acquisition.

Bond Redemption Fund The Bond Redemption Fund is used to finance and account for payment of

principal and interest on all long term debt of the district per C.R.S. 22‐45‐103(b).

COP Fund The COP (Certificates of Participation) Fund is used to finance and account for

payment of principal and interest on all COP debt of the district per C.R.S. 22‐45‐

103(1)(b)(I) and C.R.S. 22‐45‐103(1)(b)(III)

33


Bond Redemption Fund

Current Debt Obligation Details

The Series 2013 General Obligation Bonds dated March 11, 2014, were issued for a total of

$62,245,000 to refinance the Series 2006 General Obligation Bonds dated December 21, 2006.

Principal payments are due annually beginning on December 1, 2013, through 2031. Interest

payments are due semi‐annually on June 1st and December 1st, with interest accruing at rates

ranging from 2.0% to 5.25%.

Advance Refunding

On March 11, 2013, the District issued $62,245,000 of General Obligation Refunding Bonds,

Series 2013, with interest rates ranging from 2.000% to 5.250% to refund a portion of the

District’s outstanding General Obligation, Series 2006 bonds. The net proceeds of $70,978,155

(including $552,630 for registered coupons issued, after issuance costs of $541,451, plus

premium of $8,721,976) were used to advance refund a portion of the Series 2006 bonds with a

total principal amount of $60,130,000 with interest rates ranging from 4.000% to 5.125%.

On April 1, 2015, the District refinanced their series 2007 and 2008 General Obligation Bonds,

Series 2015, with interest rates ranging from 2.000% to 5.000%. The net proceeds of

$13,575,423 were used to advance refund the a portion of the Series 2007 and Series 2008

bonds with a total principal amount of $11,590,000 with interest rates ranging from 4.000% to

5.250%. The net proceeds were used to purchase U.S. government securities. Those securities

were deposited into an irrevocable trust with an escrow agent to provide for future debt

service payments on the refunded bonds. As a result, the refundable bonds are considered to

be deceased, and the related liability for the bonds has been removed from the District’s

liabilities.

The advance refunding’s were done in order to reduce total debt payments. The refunding

decreased the District’s total debt service payments by approximately $4.0 million and $1.6

million respectively.

34


Bond Redemption Fund

Debt Service Details (continued)

For tax purposes, primary residential property is assessed at 7.2% of its fair market value. All

other taxable property is assessed at 29.00% of its fair market value. Per Colorado Revised

Statutes (CRS), the legal general obligation bonded debt is restricted by applying one of three

tests determine the legal debt margin for Colorado school districts. The three tests are as

follows:

Standard Test ‐ 20% of assess property valuation.

o Using the Standard Test the District’s estimated unused legal debt capacity for

estimated fiscal year 2020‐2021 is $113,099,246, or 52.99% of the legal debt

limit available per the standard test the District utilizes.

o

Fast Growing District Test ‐ 25% of assessed property valuation, it the district qualifies

as a “Fast Growing” school district.

o Adams County School District 14 does not qualify as a fast growing district.

35

Adams County School District No. 14Bond Redemption Fund


2016-17 2017-18 2018-19Actual Actual Actual

BEGINNING FUND BALANCE 4,998,817$ 5,652,767 6,720,674$

REVENUES Local Sources Property Taxes Current 6,089,454 6,608,733 6,462,143 Investment Income 24,813 57,454 99,021 Payments in Lieu of Taxes 45,389 47,576 34,835 TOTAL REVENUE 6,159,656 6,713,763 6,595,999

TOTAL REVENUE AND OTHER FINANCING SOURCES 6,159,656 6,713,763 6,595,999

TOTAL RESOURCES AVAILABLE 11,158,473 12,366,530 13,316,673

EXPENDITURES Principal Retirement 2004 Refinanced G.O. Bonds 1,200,000 - - 2006A G.O. Bonds 1,085,000 - - 2008A G.O. Bonds 115,000 115,000 - 2013A G.O. Bonds - 2,510,000 3,580,000 2015A G.O. Bonds - - - Total Principal Retirement 2,400,000 2,625,000 3,580,000 Interest Payments 2004 Refinanced G.O. Bonds 27,000 - - 2006A G.O. Bonds 27,125 - - 2008A G.O. Bonds 6,900 2,300 - 2013A G.O. Bonds 2,563,431 2,538,331 2,423,731 2015A G.O. Bonds 479,500 479,500 479,500 Total Interest Payments 3,103,956 3,020,131 2,903,231 Bond Issuance Cost - - Bond Trustee Agent Fee 1,750 725 - TOTAL EXPENDITURES 5,505,706 5,645,856 6,483,231


ENDING FUND BALANCE - RESTRICTED 5,652,767 6,720,674 6,833,442

Assessed Valuation 637,604,680 725,699,790 733,627,550

Mill Levy 9.681 9.0570 9.057

Audited Expenditures

36


Bond Redemption FundSchedule of Revenue, Expenditures and Fund Balance


2019-20 2020-21Budget Change Budget

6,870,674$ (100,324)$ 6,770,350$ BEGINNING FUND BALANCE


6,271,782 217,002 6,488,784 Property Taxes Current70,000 (50,000) 20,000 Investment Income45,000 - 45,000 Payments in Lieu of Taxes

6,386,782 167,002 6,553,784 TOTAL REVENUE

TOTAL REVENUE AND OTHER 6,386,782 167,002 6,553,784 FINANCING SOURCES

13,257,456 66,678 13,324,134 TOTAL RESOURCES AVAILABLE

EXPENDITURES Principal Retirement

- - - 2004 Refinanced G.O. Bonds- - - 2006A G.O. Bonds- - - 2008A G.O. Bonds

3,765,000 190,000 3,955,000 2013A G.O. Bonds- - - 2015A G.O. Bonds

3,765,000 190,000 3,955,000 Total Principal Retirement Interest Payments

- - - 2004 Refinanced G.O. Bonds- - - 2006A G.O. Bonds- - - 2008A G.O. Bonds

2,240,106 (173,225) 2,066,881 2013A G.O. Bonds479,500 - 479,500 2015A G.O. Bonds

2,719,606 (173,225) 2,546,381 Total Interest Payments- Bond Issuance Cost

2,500 - 2,500 Bond Trustee Agent Fee6,487,106 16,775 6,503,881 TOTAL EXPENDITURES

6,487,106 16,775 6,503,881 TOTAL RESOURCES APPROPRIATED

6,770,350 49,903 6,820,253 ENDING FUND BALANCE - RESTRICTED

755,636,377 109,534,854 865,171,230 Assessed Valuation

8.300 (0.800) 7.500 Mill Levy

Budget

37

Adams County School District 14BOND REDEMPTION FUND

Calculation of Legal DebtFiscal year 2020-2021

The Following table provides the calendar year 2020 estimate and historical calculationsof the legal debt margin based upon the standard test.

Maximum LessDebt Limit Bonded % of Legal

Calendar Assessed 20% (CRS) 22-42- Debt on Legal Debt Debt LimitYear Value Test 104(1)(a) July 1st Limit Available

2020 est 865,171,230 20% 173,034,246 59,935,000 113,099,246 52.99%2019 865,171,230 20% 173,034,246 63,700,000 109,334,246 58.26%2018 733,627,550 20% 146,725,510 67,280,000 79,445,510 54.15%2017 725,699,790 20% 145,139,958 69,905,000 75,234,958 51.84%2016 637,604,680 20% 127,520,936 72,305,000 55,215,936 43.30%2015 640,714,560 20% 128,142,912 76,515,000 51,627,912 40.29%2014 612,220,050 20% 122,444,010 81,050,000 41,394,010 33.81%2013 614,550,160 20% 122,910,032 81,045,000 41,865,032 34.06%2012 565,354,990 20% 113,070,998 85,200,000 27,870,998 24.65%2011 562,682,490 20% 112,536,498 87,440,000 25,096,498 22.30%

The Following is the amortization schedule for the District's General Obligation Bondissues showing the debt service to be paid in fiscal year 2020-2021 and the future years on

38

Adams County School District No 14Debt Schedule for all District Limited Obligation Bonds

Proposed Budget 2020-2021

GO Bonds GO Bonds 2013 2015 Grand Total

Principal Interest Principal Interest Principal InterestDec 2020 3,955,000.00 1,072,990.63 239,750.00 3,955,000.00 1,312,740.63 June 2021 993,890.63 239,750.00 - 1,233,640.63 Dec 2021 4,100,000.00 993,890.63 239,750.00 4,100,000.00 1,233,640.63 June 2022 921,140.63 239,750.00 - 1,160,890.63 Dec 2022 4,250,000.00 921,140.63 239,750.00 4,250,000.00 1,160,890.63 June 2023 836,140.63 239,750.00 - 1,075,890.63 Dec 2023 4,425,000.00 836,140.63 239,750.00 4,425,000.00 1,075,890.63 June 2024 725,515.63 239,750.00 - 965,265.63 Dec 2024 2,445,000.00 725,515.63 2,070,000.00 239,750.00 4,515,000.00 965,265.63 June 2025 664,390.63 188,000.00 - 852,390.63 Dec 2025 2,450,000.00 664,390.63 2,290,000.00 188,000.00 4,740,000.00 852,390.63 June 2026 603,140.63 130,750.00 - 733,890.63 Dec 2026 2,480,000.00 603,140.63 2,505,000.00 130,750.00 4,985,000.00 733,890.63 June 2027 543,540.63 68,125.00 - 611,665.63 Dec 2027 2,500,000.00 543,540.63 2,725,000.00 68,125.00 5,225,000.00 611,665.63 June 2028 481,040.63 - 481,040.63 Dec 2028 5,525,000.00 481,040.63 5,525,000.00 481,040.63 June 2029 337,290.63 - 337,290.63 Dec 2029 5,820,000.00 337,290.63 5,820,000.00 337,290.63 June 2030 193,671.88 - 193,671.88 Dec 2030 6,105,000.00 193,671.88 6,105,000.00 193,671.88 June 2031 98,281.25 - 98,281.25 Dec 2031 6,290,000.00 98,281.25 6,290,000.00 98,281.25 Total 54,110,000.00 16,109,184.49 9,590,000.00 3,411,000.00 63,700,000.00 19,520,184.49

39


COP Fund

Current Obligation Details

The Series 2018N Certificates of Participation dated December 6, 2018, were issued for a total

of $6,729,407 to finance a portion of the District’s match for the new Alsup construction

through the State of Colorado’s Best Grant program. Principal payments are due annually

beginning on December 1, 2019, through 2038. Interest payments are due semi‐annually on

June 1st and December 1st, with interest accruing at 3.89%.

40


Certificates of Participation Debt Service FundSchedule of Revenue, Expenditures and Fund Balance


2019-20 2020-21Budget Change Budget

-$ 649$ 649$ BEGINNING FUND BALANCE

OTHER FINANCING SOURCES492,500 (5,000) 487,500 Transfer from General Fund492,500 (5,000) 487,500 TOTAL OTHER FINANCING SOURCES

TOTAL REVENUE AND OTHER 492,500 (5,000) 487,500 FINANCING SOURCES

492,500 (4,351) 488,149 TOTAL RESOURCES AVAILABLE

EXPENDITURES Principal Retirement

231,889 5,389 237,278 2018 COP's231,889 5,389 237,278 Total Principal Retirement

Interest Payments257,462 (9,132) 248,330 2018 COP's257,462 (9,132) 248,330 Total Interest Payments

2,500 - 2,500 2018 COP's2,500 - 2,500 Total Fee Payments

491,851 (3,743) 488,108 TOTAL EXPENDITURES

491,851 (3,743) 488,108 TOTAL RESOURCES APPROPRIATED

649 (608) 41 ENDING FUND BALANCE - RESTRICTED

Budget

41

Adams County School District No 14Debt Schedule for all District Certificates of Participation

Proposed Budget 2020-2021

Certificates of Participation 2018

Principal InterestDec 2020 237,277.74 126,474.19 June 2021 121,855.58 Dec 2021 246,514.97 121,855.58 June 2022 117,057.17 Dec 2022 256,111.79 117,057.17 June 2023 112,071.95 Dec 2023 266,082.23 112,071.95 June 2024 106,892.66 Dec 2024 276,440.81 106,892.66 June 2025 101,511.74 Dec 2025 287,202.65 101,511.74 June 2026 95,921.34 Dec 2026 298,383.45 95,921.34 June 2027 90,113.31 Dec 2027 309,999.52 90,113.31 June 2028 84,079.17 Dec 2028 322,067.80 84,079.17 June 2029 77,810.12 Dec 2029 334,605.90 77,810.12 June 2030 71,297.02 Dec 2030 347,632.10 71,297.02 June 2031 64,530.36 Dec 2031 361,165.42 64,530.36 June 2032 57,500.27 Dec 2032 375,225.59 57,500.27 June 2033 50,196.51 Dec 2033 389,833.12 50,196.51 June 2034 42,608.40 Dec 2034 405,009.33 42,608.40 June 2035 34,724.90 Dec 2035 420,776.34 34,724.90 June 2036 26,534.49 Dec 2036 437,157.16 26,534.49 June 2037 18,025.22 Dec 2037 454,175.69 18,025.22 June 2038 9,184.69 Dec 2038 471,856.75 9,184.69

Total 6,497,518.36 2,690,303.99

42

CAPITAL RESERVE FUNDS

The Capital Reserve Funds are comprised of a Building Fund which records construction costs

financed through Certificates of Participation and the State of Colorado’s BEST grant program,

and a Capital Projects fund which accounts for transfers of financial resources from the General

Fund used to acquire or construct major public capital facilities and improvements. The Capital

Projects funds activities include construction improvement and/or purchase of public facilities

including land, buildings and furnishings.

Capital Reserve Fund

Statement of Program

The Capital Reserve – Building Fund was funded by a transfer from the General Fund, District

issuance of COP’s, and BEST Grant revenue (State COP). Unless additional COP’s are issued by

the District transactions in this fund will consist of the spend down of Alsup construction funds

until the completion of that project.

The Capital Reserve – Capital Projects Fund is funded by a transfer from the General Fund. The

School Finance Act no longer requires a certain minimum per pupil amount be allocated each

year to fund capital improvements and insurance needs. However, a minimum amount has

been allocated to the fund to finance the anticipated costs for vehicle replacement,

instructional equipment replacement, technology replacement and facility maintenance

projects. The expenditures are for the ongoing capital needs of the District, such as site

acquisitions, building additions and improvements, purchases of equipment, technology,

vehicles, property, and furniture. Expenditures are also authorized and budgeted for

construction, renovations, and improvements to buildings and grounds.

43

Capital Reserve funding is allocated per the following categories:

Instructional Equipment

Technology Equipment

Operations Equipment

System repair

Roof repair/replacement

Funding requests for capital reserve projects, which can include replacement equipment,

technology improvements, equipment, and instructional equipment are prepared by requesting

departments in conjunction with the Maintenance and Operations Department. Requests are

submitted for review and are prioritized given available funds and all other needs within the

school and throughout the District. The District is unable to provide funding for major capital

projects without obtaining an increase from a bond election. The District has asked through a

ballot question the voters of the District to increase property taxes for the renovation and

construction of school buildings. Both elections in 2014 and 2015 have failed.

The Capital Reserve – Capital Projects fund in coming years will need to align with the District’s

Facility Master Plan when resources allow. This plan will need to address fund issues related to

technology use within the District’s classrooms including a Chromebook refresh cycle as well as

safety and security upgrades. These expenses are not included in this draft budget as the

School Finance Act has not been finalized yet.

44

2016-17 2017-18 2018-19Actual Actual Actual

BEGINNING FUND BALANCE 5,969,400$ 4,988,348$ 5,995,109$

REVENUES Local Sources Investment Income 31,083 55,572 34,292 Other Local Revenue 46,512 344,761 42,170 Proceeds From Capital Lease - - 691,877 Proceeds From Sale of Land - - - TOTAL REVENUE 77,595 400,333 768,339

OTHER FINANCING SOURCES Transfers In 1,350,000 2,200,000 1,019,998 Transfers Out - (3,660,591) TOTAL OTHER FINANCING SOURCES 1,350,000 2,200,000 (2,640,593)

TOTAL REVENUE AND OTHER FINANCING SOURCES 1,427,595 2,600,333 (1,872,254)

TOTAL RESOURCES AVAILABLE 7,396,995 7,588,681 4,122,855

EXPENDITURES Capital Outlay Projects Building Remodel 168,359 114,890 - Hazmat/Asbestos 8,560 1,093 - HVAC 13,603 800 - Roof 995,588 376,019 1,109,184

Subtotal Capital Outlay 1,186,109 492,802 1,109,184 Other Equipment 34,156 Vehicles 30,291 - 691,876 Technology Systems 550,440 325,120 429,403 Playground Equipment 24,360 - - Security 40,824 - 27,550 Nutritional Services Equipment - 26,109 10,583 Instructional Equipment 120,028 78,003 43,799 Safety 11,594 13,966 5,230 Sub Total Other Equipment 811,693 443,198 1,208,441 Other Grounds 8,520 - - Painting 8,900 - - Maintenance 63,493 216,500 - Concrete & Asphalt 58,841 - - Other Capital Expenditures - 169,980 65,340 Sub Total Other 139,754 386,480 65,340 Debt Services Copier Lease Principal 218,032 228,266 208,345 Copier Lease Interest 53,060 42,826 - 20 Lease Interest Yellow20 Lease Principal Yellow19 Lease Interest Yellow - 19 Lease Principal Yellow 111,655 White Fleet Lease Interest 8,422 White Fleet Lease Principal 32,851 Subtotal Debt Service 271,091 271,092 361,273


ENDING FUND BALANCE 4,988,348 5,995,109 1,378,617



Adams County School District No. 14Capital Reserve Fund -Capital Projects

Schedule of Revenue, Expenditures and Fund Balance Fiscal year 2020-21 Proposed Budget

45

2019-20 2019-20 2020-21Supplemental Est Actual Change Proposed Budget

1,378,617$ 1,378,617$ 294,772$ 1,673,389$ BEGINNING FUND BALANCE


- Investment Income9,100 9,106 (106) 9,000 Other Local Revenue

423,777 320,641 - Principal on White Fleet and Yellow Lease- - Proceeds From Sale of Land

432,877 329,747 (106) 9,000 TOTAL REVENUE

OTHER FINANCING SOURCES1,370,000 1,370,000 (1,370,000) - Transfers In

- 3,660,591 - Transfers Out1,370,000 1,370,000 2,290,591 - TOTAL OTHER FINANCING SOURCES

TOTAL REVENUE AND OTHER 1,802,877 1,699,747 2,290,485 9,000 FINANCING SOURCES

3,181,494 3,078,364 2,585,257 1,682,389 TOTAL RESOURCES AVAILABLE

EXPENDITURES Capital Outlay Projects

40,000 - - - Building Remodel45,000 (5,000) 40,000 Hazmat/Asbestos

- HVAC- - Roof- BEST Grant Matching

40,000 45,000 (5,000) 40,000 Subtotal Capital Outlay

- 320,641 (320,641) - Bus Leases186,227 105,000 (105,000) - Technology Systems

- 35,000 (35,000) - Playground Equipment/Marquee31,286 35,000 (10,000) 25,000 Security

- - - 19,000 Custodial Equipment30,000 30,000 (10,000) 20,000 Nutritional Services Equipment70,000 31,500 (31,500) - Instructional Equipment50,000 20,000 30,000 50,000 Safety Repairs

1,567,513 577,141 (482,141) 114,000

106,000 20,000 30,000 50,000 Grounds - - - - Painting

74,000 - 63,000 63,000 Maintenance (Floor Scrubbers, janitorial)- - - 26,500 Plumbing Repair

86,000 103,100 (100) 103,000 Concrete & Asphalt1,312,950 201,500 (57,500) 144,000 Other Capital Expenditures

400,000 - 500,000 500,000 Contingency778,950 304,600 535,400 886,500

Debt Services628,640 265,000 - 265,000 Copier Lease Principal

30,494 - - - Copier Lease Interest- - - 6,617 20 Lease Interest Yellow- 67,480 - 60,862 20 Lease Principal Yellow- 18,133 - 13,896 19 Lease Interest Yellow- 93,522 - 97,659 19 Lease Principal Yellow- - 10,687 White Fleet Lease Interest- 34,099 - 34,601 White Fleet Lease Principal

659,134 478,234 - 489,322 Subtotal Debt Service

3,045,597 1,404,975 48,259 1,529,822 TOTAL RESOURCES APPROPRIATED

135,897 1,673,389 2,536,998 152,567 ENDING FUND BALANCE


Budget

Adams County School District No. 14Capital Reserve Fund -Capital Projects


46


2018-19 2019-20 2019-20 2020-21Actual Budget Projected Change Budget

-$ 15,302,541$ 13,845,728$ (3,724,813)$ 11,577,728$ BEGINNING FUND BALANCE

REVENUES State Sources

529,842 17,910,000 3,132,000 (1,921,708) 15,988,292 Best Grant Revenue529,842 17,910,000 3,132,000 (1,921,708) 15,988,292 TOTAL REVENUE

OTHER FINANCING SOURCES3,660,591 - - - Transfers In from Capital Reserve3,839,409 - - - Transfer In from General Fund6,729,407 - - - Certificates of Participation Issuance

14,229,407 - - - TOTAL OTHER FINANCING SOURCES

TOTAL REVENUE AND OTHER 14,759,249 17,910,000 3,132,000 (1,921,708) 15,988,292 FINANCING SOURCES

14,759,249 33,212,541 16,977,728 (5,646,521) 27,566,020 TOTAL RESOURCES AVAILABLE

EXPENDITURES Capital Outlay Projects

529,842 19,263,274 3,132,000 (3,274,983) 15,988,291 New Alsup Building Grant(58%)383,679 13,949,267 2,268,000 (2,371,539) 11,577,728 New Alsup Building Matching(42%)913,521 33,212,541 5,400,000 (5,646,521) 27,566,020 Subtotal Capital Projects

913,521 33,212,541 5,400,000 (5,646,521) 27,566,020 TOTAL RESOURCES APPROPRIATED

13,845,728 - 11,577,728 - - ENDING FUND BALANCE

TOTAL APPROPRIATION AND14,759,249$ 33,212,541$ 16,977,728$ (5,646,521)$ 27,566,020$ FUND BALANCE

Adams County School District No. 14Capital Reserve - Building Fund


48

School Personnel Allocations

49

ADAMS COUNTY SCHOOL DISTRICT No 14School Personnel Allocations

Fiscal Year 2020-21 Proposed Budget

Support &Administrative Certified Classified Technical Total

Adams City High School 6.000 87.000 15.000 - 108.000Adams City Middle School 2.000 41.300 10.375 - 53.675 Adult Education - - - 1.000 1.000 Alsup Elementary 2.000 21.000 7.000 - 30.000 Assessment and Federal Programs 1.000 - - 2.000 3.000 Board of Directors - 0.400 - - 0.400 Business Services 1.000 - - 1.000 2.000 Central Elementary 2.000 25.000 8.469 - 35.469 CPP - Various Schools 1.000 20.000 23.375 - 44.375 Custodial - - 40.875 1.000 41.875 Division of Operations 1.000 - - - 1.000 Dupont Elementary 2.000 24.500 8.719 - 35.219 Elementary Education 1.000 - - - 1.000 ELPA 1.000 4.000 - 5.000 10.000 Financial Services 3.000 - - 6.000 9.000Hanson Elementary 2.000 15.500 5.125 -Human Resources 2.000 - - 4.000 Information Technology 1.000 1.000 - 10.000 Intervention Services 1.000 2.000 3.000 Kearney Middle School 2.000 42.300 9.000 1.000

22.625 6.000

12.000 6.000 54.300

Kemp Elementary 2.000 26.000 6.250 - 34.250 Lester Arnold High School 2.000 14.000 5.625 3.000 24.625 Maintenance of Grounds - - 5.000 1.000 6.000 Monaco Elementary 2.000 15.000 8.656 - 25.656 Nutritional Services 2.000 - 42.500 1.000 45.500 Operations & Maintenance 1.000 - 10.000 1.000 12.000 Print Shop - - 1.000 - Public Relations 1.000 - - 5.000 Rose Hill Elementary 2.000 19.000 6.500 - Secondary Education 2.000 - - 1.000 Student Learning 5.000 3.000 2.700 3.000

1.000 6.000

27.500 3.000 13.700

Student Services 2.000 68.000 47.000 11.000 128.000 Superintendent - - - - - Transportation 1.000 - 27.782 1.000 29.782 Warehouse - - 1.800 - 1.800 District Total 52.000 428.000 294.751 61.000 835.751

50

ADAMS COUNTY SCHOOL DISTRICT NO 14Summary of Staffing by Type

Fiscal Year 2020-21 Proposed Budget

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021Actual Actual Actual Actual Proposed

Administrator 51.00 50.00 52.00 52.00 52.00 Certified 464.05 462.00 460.30 436.80 428.00 Classified 309.05 303.44 329.86 311.91 294.75 Support & Technical 56.00 56.50 60.00 61.00 61.00 TOTAL 880.10 871.94 902.16 861.71 835.75

- 50.00

100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 500.00

Administrator Certified Classified Support &Technical

ADAMS COUNTY SCHOOL DISTRICT NO 14

HISTORICAL FULL-TIME EQUIVALENTFY 2020-21Proposed

2016-2017 Actual

2017-2018 Actual

2018-2019 Actual

2019-2020 Actual

2020-2021 Proposed

FY2017 2018 SUMMARY BUDGET

ABC School DistrictDistrict Code: 0030Adopted OR Revised BudgetAdopted: June 23, 2020

Budgeted Pupil Count: xx,xxx.x ObjectSource

10 General Fund

11 Charter School

Fund

18 Insurance

Reserve / Risk-Management

19 Preschool and Kindergarten

21 Food Service

22 Governmental

Designated Grants Fund

06 Supplemental

Capital Construction, Technology,

andMaintenance

Fund. 23

Pupil Activity

24Full-Day

Kindergarten Mill Levy Override

25 Transportation

(26-29) Other Special

Revenue

31 Bond

Redemption 39

COP Debt 41

Building Fund

42 Special Building

& Technology

Beginning Fund Balance(Includes All Reserves) 18,729,345 374,426 - 290,924 - - 268,699 - - 165,224 6,770,350 649 11,577,728 -

RevenuesLocal Sources 1000 - 1999 29,771,173 - 15,000 - 90,000 180,000 - 488,912 - - 154,105 6,553,784 - - Intermediate Sources 2000 - 2999 - - - - - - - - - - - - - State Sources 3000 - 3999 31,677,348 - - 2,902,713 82,529 2,028,486 - - - - - - - 15,988,292 - Federal Sources 4000 - 4999 2,900,000 - - - 3,001,700 16,716,722 - - - - - - - -

Total Revenues 64,348,521 - 15,000 2,902,713 3,174,229 18,925,208 - 488,912 - - 154,105 6,553,784 - 15,988,292 -

Total Beginning Fund Balance and Reserves 83,077,866 - 389,426 2,902,713 3,465,153 18,925,208 - 757,611 - - 319,329 13,324,134 649 27,566,020 -

Total Allocations To/From Other Funds 5600,5700, 5800 (1,965,000) - 1,965,000 - - - - - - - - - - -

Transfers To/From Other Funds 5200 - 5300 (617,500) - - - - - - - - - 130,000 - 487,500 - - Other Sources 5100,5400,

5500,5900, 5990, 5991 - - - - - - - - - - - - - - -

Available Beginning Fund Balance & Revenues (Plus Or Minus (If Revenue) Allocations And Transfers) 80,495,366 - 2,354,426 2,902,713 3,465,153 18,925,208 - 757,611 - - 449,329 13,324,134 488,149 27,566,020 -

ExpendituresInstruction - Program 0010 to 2099

Salaries 0100 23,923,205 - - 1,453,595 882,337 - - - - - - - - - Employee Benefits 0200 7,171,884 - - 482,349 257,556 - - - - - - - - - Purchased Services 0300,0400,

0500 583,554 - 394,264 3,542,787 - 70,000 - - - - - - - Supplies and Materials 0600 1,681,566 - - 25,118 1,149,718 - 350,000 - - - - - - - Property 0700 93,775 - - 3,077 2,347,765 - - - - - - - - Other 0800, 0900 525,438 - - 2,783 - 3,542,787 - 68,912 - - - - - -

Total Instruction 33,979,422 - - 2,361,186 - 11,722,950 - 488,912 - - - - - - - Supporting ServicesStudents - Program 2100

Salaries 0100 3,318,360 - - - - 608,969 - - - - 275,226 - - - - Employee Benefits 0200 1,038,249 - - - - 177,759 - - - - 86,914 - - - - Purchased Services 0300,0400,

0500 506,725 - - - - - - - - - 40,000 - - - - Supplies and Materials 0600 42,470 - - - - - - - - - 62,006 - - - - Property 0700 5,000 - - - - - - - - - - - - - - Other 0800, 0900 165,400 - - - - - - - - - (64,285) - - - -

Total Students 5,076,204 - - - - 786,728 - - - - 399,861 - - - -

Instructional Staff - Program 2200Salaries 0100 2,101,569 - - 97,440 - 4,581,086 - - - - - - - - - Employee Benefits 0200 558,524 - - 31,016 - 1,337,226 - - - - - - - - - Purchased Services 0300,0400,

0500 454,032 - - 24 - - - - - - - - - - - Supplies and Materials 0600 200,831 - - - - - - - - - - - - - - Property 0700 60,500 - - - - - - - - - - - - - - Other 0800, 0900 31,500 - - - - - - - - - - - - - -

Total Instructional Staff 3,406,956 - - 128,480 - 5,918,312 - - - - - - - - -

General Administration - Program 2300, including Program 2303 and 2304

Salaries 0100 157,693 - - - - - - - - - - - - - Employee Benefits 0200 37,827 - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 2,538,602 - - - - - - - - - - - - - - Supplies and Materials 0600 17,500 - - - - - - - - - - - - - - Property 0700 2,500 - - - - - - - - - - - - - - Other 0800, 0900 23,600 - - - - - - - - - - - - - -

Total School Administration 2,777,722 - - - - - - - - - - - - - -

School Administration - Program 2400Salaries 0100 3,929,519 - - 260,353 - 52,162 - - - - - - - - - Employee Benefits 0200 1,157,900 - - 86,240 - 15,227 - - - - - - - - - Purchased Services 0300,0400,

0500 30,221 - - 1,518 - - - - - - - - - - - Supplies and Materials 0600 71,000 - - 947 - - - - - - - - - - - Property 0700 13,500 - - 329 - - - - - - - - - - - Other 0800, 0900 3,804 - - 4,224 - - - - - - - - - - -

Total School Administration 5,205,944 - - 353,611 - 67,389 - - - - - - - - -

Business Services - Program 2500, including Program 2501

Salaries 0100 945,839 - - - - - - - - - - - - - - Employee Benefits 0200 277,938 - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 86,725 - - - - - - - - - - - - - Supplies and Materials 0600 8,500 - - - - - - - - - - - - - -

CDE, School Finance Division 1 6/22/2020




10 General Fund

11 Charter School

Fund

18 Insurance



21 Food Service

22 Governmental


06 Supplemental


andMaintenance

Fund. 23

Pupil Activity

24Full-Day


25 Transportation


Revenue

31 Bond

Redemption 39

COP Debt 41

Building Fund

42 Special Building

& Technology

Property 0700 2,000 - - - - - - - - - - - - - - Other 0800, 0900 8,500 - - - - - - - - - - - - - -

Total Business Services 1,329,502 - - - - - - - - - - - - - - Operations and Maintenance - Program 2600

Salaries 0100 3,793,061 - - 43,031 - - - - - - - - - - - Employee Benefits 0200 1,151,964 - - 15,811 - - - - - - - - - - - Purchased Services 0300,0400,

0500 986,193 - - 594 - - - - - - - - - - Supplies and Materials 0600 1,769,033 - - - - - - - - - - - - - Property 0700 85,255 - - - - - - - - - - - - - Other 0800, 0900 12,228 - - - - - - - - - - - - - -

Total Operations and Maintenance 7,797,734 - - 59,436 - - - - - - - - - - -

Student Transportation - Program 2700Salaries 0100 1,341,611 - - - - - - - - - - - - - Employee Benefits 0200 428,548 - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 418,900 - - - - - - - - - - - - - - Supplies and Materials 0600 247,000 - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 1,250 - - - - - - - - - - - - - -

Total Student Transportation 2,437,309 - - - - - - - - - - - - - -

Central Support - Program 2800, including Program 2801

Salaries 0100 1,716,291 - - - - 118,378 - - - - - - - - - Employee Benefits 0200 509,335 - - - - 34,555 - - - - - - - - - Purchased Services 0300,0400,

0500 862,950 - 2,344,546 - - - - - - - - - - - - Supplies and Materials 0600 67,500 - - - - - - - - - - - - - - Property 0700 25,500 - - - - - - - - - - - - - - Other 0800, 0900 10,100 - - - - - - - - - - - - - -

Total Central Support 3,191,676 - 2,344,546 - - 152,933 - - - - - - - - -

Other Support - Program 2900Salaries 0100 27,000 - - - - - - - - - - - - - Employee Benefits 0200 - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 - - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 - - - - - - - - - - - - - - -

Total Other Support 27,000 - - - - - - - - - - - - - -

Food Service Operations - Program 3100Salaries 0100 - - - 1,343,647 56,863 - - - - - - - - - Employee Benefits 0200 - - - 475,569 16,599 - - - - - - - - - Purchased Services 0300,0400,

0500 - - - 75,360 - - - - - - - - - Supplies and Materials 0600 - - - 1,561,146 - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - Other 0800, 0900 - - - 9,000 - - - - - - - - - -

Total Other Support - - - - 3,464,722 73,462 - - - - - - - - - Enterprise Operations - Program 3200

Salaries 0100 - - - - - - - - - - - - - - - Employee Benefits 0200 - - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 - - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 - - - - - - - - - - - - - - -

Total Enterprise Operations - - - - - - - - - - - - - - -

Community Services - Program 3300Salaries 0100 135,823 - - - - 157,470 - - - - - - - - - Employee Benefits 0200 46,908 - - - - 45,964 - - - - - - - - - Purchased Services 0300,0400,

0500 95,000 - - - - - - - - - - - - - - Supplies and Materials 0600 1,000 - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 - - - - - - - - - - - - - - -

Total Community Services 278,731 - - - - 203,434 - - - - - - - - -

Education for Adults - Program 3400Salaries 0100 69,011 - - - - - - - - - - - - - - Employee Benefits 0200 22,151 - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 - - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - -





10 General Fund

11 Charter School

Fund

18 Insurance



21 Food Service

22 Governmental


06 Supplemental


andMaintenance

Fund. 23

Pupil Activity

24Full-Day


25 Transportation


Revenue

31 Bond

Redemption 39

COP Debt 41

Building Fund

42 Special Building

& Technology

Property 0700 - - - - - - - - - - - - - - - Other 0800, 0900 - - - - - - - - - - - - - - -

Total Education for Adults Services 91,162 - - - - - - - - - - - - - -

Total Supporting Services 31,619,940 - 2,344,546 541,527 3,464,722 7,202,258 - - - - 399,861 - - - -

Property - Program 4000Salaries 0100 - - - - - - - - - - - - - - - Employee Benefits 0200 - - - - - - - - - - - - - - - Purchased Services 0300,0400,

0500 - - - - - - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - - - - - - Property 0700 - - - - - - - - - - - - - 27,566,020 - Other 0800, 0900 - - - - - - - - - - - 6,503,881 488,108 - -

Total Property - - - - - - - - - - - 6,503,881 488,108 27,566,020 -

Other Uses - Program 5000s - including Transfers Out and/or Allocations Out as an expenditure

Salaries 0100 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AEmployee Benefits 0200 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/APurchased Services 0300,0400,

0500 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/ASupplies and Materials 0600 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AProperty 0700 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AOther 0800, 0900 - - - - - - - - - - - - - - -

Total Other Uses - - - - - - - - - - - - - - -

Total Expenditures 65,599,362 - 2,344,546 2,902,713 3,464,722 18,925,208 - 488,912 - - 399,861 6,503,881 488,108 27,566,020 -

APPROPRIATED RESERVESOther Reserved Fund Balance (9900) 0840 - - - - - - - - - - - - - - - Other Restricted Reserves (932X) 0840 - - - - - - - - - - - - - - - Reserved Fund Balance (9100) 0840 - - - - - - - - - - - - - - District Emergency Reserve (9315) 0840 - - - - - - - - - - - - - - - Reserve for TABOR 3% (9321) 0840 - - - - - - - - - - - - - - - Reserve for TABOR - Multi-Year Obligations (9322) 0840 - - - - - - - - - - - - - - - Total Reservies - - - - - - - - - - - - - - -

Total Expenditures and Reserves 65,599,362 - 2,344,546 2,902,713 3,464,722 18,925,208 - 488,912 - - 399,861 6,503,881 488,108 27,566,020 -

BUDGETED ENDING FUND BALANCE Non-spendable fund balance (9900) 6710 120,000 - - - - - - - - - - - - - - Restricted fund balance (9990) 6720 2,386,000 - 9,880 - 431 - - 268,699 - - 49,468 6,820,253 41 - - TABOR 3% emergency reserve (9321) 6721 2,300,000 - - - - - - - - - - - - - - TABOR multi year obligations (9322) 6722 - - - - - - - - - - - - - - - District emergency reserve (letter of credit or real estate) (9323) 6723 3,465,905 - - - - - - - - - - - - - - Colorado Preschool Program (CPP) (9324) 6724 - - - - - - - - - - - - - - Full day kindergarten reserve (9325) 6725 - - - - - - - - - - - - - - - Risk-related / restricted capital reserve (9326) 6726 - - - - - - - - - - - - - - - BEST capital renewal reserve (9327) 6727 - - - - - - - - - - - - - - - Committed fund balance (9900) 6750 - - - - - - - - - - - - - - - Committed fund balance (15% limit) (9200) 6750 - - - - - - - - - - - - - - - Assigned fund balance (9900) 6760 - - - - - - - - - - - - - - Unassigned fund balance (9900) 6770 6,624,099 - - - - - - - - - - - - - Net investment in capital assets (9900) 6790 - - - - - - - - - - - - - - Restricted net position (9900) 6791 - - - - - - - - - - - - - - - Unrestricted net position (9900) 6792 - - - - - - - - - - - - - - - Total Ending Fund Balance 14,896,004 - 9,880 - 431 - - 268,699 - - 49,468 6,820,253 41 - -

Total Available Beginning Fund Balance & Revenues Less Total Expenditures & Reserves Less Ending Fund Balance (Shall Equal Zero (0)) - - - - - - - - - - - - - - -

Use of a portion of beginning fund balance resolution required? Yes No Yes No Yes No No No No No Yes No Yes Yes No





Beginning Fund Balance(Includes All Reserves)

RevenuesLocal Sources 1000 - 1999Intermediate Sources 2000 - 2999State Sources 3000 - 3999Federal Sources 4000 - 4999

Total Revenues

Total Beginning Fund Balance and Reserves

Total Allocations To/From Other Funds 5600,5700, 5800

Transfers To/From Other Funds 5200 - 5300Other Sources 5100,5400,

5500,5900, 5990, 5991

Available Beginning Fund Balance & Revenues (Plus Or Minus (If Revenue) Allocations And Transfers)

ExpendituresInstruction - Program 0010 to 2099

Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,

0500Supplies and Materials 0600Property 0700Other 0800, 0900

Total InstructionSupporting ServicesStudents - Program 2100



Total Students

Instructional Staff - Program 2200Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Instructional Staff

General Administration - Program 2300, including Program 2303 and 2304



Total School Administration

School Administration - Program 2400Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total School Administration

Business Services - Program 2500, including Program 2501


0500Supplies and Materials 0600

43 Capital Reserve Capital Projects

46 Supplemental


andMaintenance

Fund.

50 Enterprise

Funds 60

Internal Service

64 Risk Related

Activity

70 Fiduciary: Trust

and Other Agency Funds:

70, 71, 75-79

72 Private-Purpose

Trust 73

Agency

74 Pupil Activity

Agency 85

Foundations

ComponentUnits and Other

Reportable Funds TOTAL

1,673,389 - - - - - - - - - - 39,850,734

9,000 - - - - - - - - - - 37,261,974 - - - - - - - - - - - - - - - - - - - - - - - 52,679,368 - - - - - - - - - - - 22,618,422

9,000 - - - - - - - - - - 112,559,764

1,682,389 - - - - - - - - - - 152,410,498

- - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - -

1,682,389 - - - - - - - - - - 152,410,498

- - - - - - - - - - - 26,259,137 - - - - - - - - - - - 7,911,789

- - - - - - - - - - - 4,590,605 - - - - - - - - - - - 3,206,402

265,000 - - - - - - - - - - 2,709,617 - - - - - - - - - - - 4,139,920

265,000 - - - - - - - - - - 48,817,470

- - - - - - - - - - - 4,202,555 - - - - - - - - - - - 1,302,922

- - - - - - - - - - - 546,725 - - - - - - - - - - - 104,476 - - - - - - - - - - - 5,000 - - - - - - - - - - - 101,115 - - - - - - - - - - - 6,262,793

- - - - - - - - - - - 6,780,095 - - - - - - - - - - - 1,926,766

- - - - - - - - - - - 454,056 - - - - - - - - - - - 200,831 - - - - - - - - - - - 60,500 - - - - - - - - - - - 31,500 - - - - - - - - - - - 9,453,748

- - - - - - - - - - - 157,693 - - - - - - - - - - - 37,827

- - - - - - - - - - - 2,538,602 - - - - - - - - - - - 17,500 - - - - - - - - - - - 2,500 - - - - - - - - - - - 23,600 - - - - - - - - - - - 2,777,722

- - - - - - - - - - - 4,242,034 - - - - - - - - - - - 1,259,367

- - - - - - - - - - - 31,739 - - - - - - - - - - - 71,947 - - - - - - - - - - - 13,829 - - - - - - - - - - - 8,028 - - - - - - - - - - - 5,626,944

- - - - - - - - - - - 945,839 - - - - - - - - - - - 277,938

- - - - - - - - - - - 86,725 - - - - - - - - - - - 8,500





Property 0700Other 0800, 0900

Total Business ServicesOperations and Maintenance - Program 2600



Total Operations and Maintenance

Student Transportation - Program 2700Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Student Transportation

Central Support - Program 2800, including Program 2801



Total Central Support

Other Support - Program 2900Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Other Support

Food Service Operations - Program 3100Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Other SupportEnterprise Operations - Program 3200



Total Enterprise Operations

Community Services - Program 3300Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Community Services

Education for Adults - Program 3400Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,

0500Supplies and Materials 0600


46 Supplemental


andMaintenance

Fund.

50 Enterprise

Funds 60

Internal Service

64 Risk Related

Activity

70 Fiduciary: Trust


70, 71, 75-79

72 Private-Purpose

Trust 73

Agency

74 Pupil Activity

Agency 85

Foundations



- - - - - - - - - - - 2,000 - - - - - - - - - - - 8,500 - - - - - - - - - - - 1,329,502

- - - - - - - - - - - 3,836,092 - - - - - - - - - - - 1,167,775

- - - - - - - - - - - 986,787 - - - - - - - - - - - 1,769,033

421,788 - - - - - - - - - - 507,043 - - - - - - - - - - - 12,228

421,788 - - - - - - - - - - 8,278,958

- - - - - - - - - - - 1,341,611 - - - - - - - - - - - 428,548

- - - - - - - - - - - 418,900 - - - - - - - - - - - 247,000

179,034 - - - - - - - - - - 179,034 - - - - - - - - - - - 1,250

179,034 - - - - - - - - - - 2,616,343

- - - - - - - - - - - 1,834,669 - - - - - - - - - - - 543,890

- - - - - - - - - - - 3,207,496 - - - - - - - - - - - 67,500

644,000 - - - - - - - - - - 669,500 - - - - - - - - - - - 10,100

644,000 - - - - - - - - - - 6,333,155

- - - - - - - - - - - 27,000 - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 27,000

- - - - - - - - - - - 1,400,510 - - - - - - - - - - - 492,168

- - - - - - - - - - - 75,360 - - - - - - - - - - - 1,561,146

20,000 - - - - - - - - - - 20,000 - - - - - - - - - - - 9,000

20,000 - - - - - - - - - - 3,558,184

- - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - 293,293 - - - - - - - - - - - 92,872

- - - - - - - - - - - 95,000 - - - - - - - - - - - 1,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 482,165

- - - - - - - - - - - 69,011 - - - - - - - - - - - 22,151

- - - - - - - - - - - - - - - - - - - - - - - -





Property 0700Other 0800, 0900

Total Education for Adults Services

Total Supporting Services

Property - Program 4000Salaries 0100Employee Benefits 0200Purchased Services 0300,0400,


Total Property

Other Uses - Program 5000s - including Transfers Out and/or Allocations Out as an expenditure



Total Other Uses

Total Expenditures

APPROPRIATED RESERVESOther Reserved Fund Balance (9900) 0840Other Restricted Reserves (932X) 0840Reserved Fund Balance (9100) 0840District Emergency Reserve (9315) 0840Reserve for TABOR 3% (9321) 0840Reserve for TABOR - Multi-Year Obligations (9322) 0840Total Reservies

Total Expenditures and Reserves

BUDGETED ENDING FUND BALANCE Non-spendable fund balance (9900) 6710 Restricted fund balance (9990) 6720 TABOR 3% emergency reserve (9321) 6721 TABOR multi year obligations (9322) 6722 District emergency reserve (letter of credit or real estate) (9323) 6723 Colorado Preschool Program (CPP) (9324) 6724 Full day kindergarten reserve (9325) 6725 Risk-related / restricted capital reserve (9326) 6726 BEST capital renewal reserve (9327) 6727 Committed fund balance (9900) 6750 Committed fund balance (15% limit) (9200) 6750 Assigned fund balance (9900) 6760 Unassigned fund balance (9900) 6770 Net investment in capital assets (9900) 6790 Restricted net position (9900) 6791 Unrestricted net position (9900) 6792Total Ending Fund Balance

Total Available Beginning Fund Balance & Revenues Less Total Expenditures & Reserves Less Ending Fund Balance (Shall Equal Zero (0))

Use of a portion of beginning fund balance resolution required?


46 Supplemental


andMaintenance

Fund.

50 Enterprise

Funds 60

Internal Service

64 Risk Related

Activity

70 Fiduciary: Trust


70, 71, 75-79

72 Private-Purpose

Trust 73

Agency

74 Pupil Activity

Agency 85

Foundations



- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 91,162

1,264,822 - - - - - - - - - - 46,837,676

- - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - 27,566,020 - - - - - - - - - - - 6,991,989 - - - - - - - - - - - 34,558,009

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

- - - - - - - - - - - - - - - - - - - - - - - -

1,529,822 - - - - - - - - - - 130,213,155

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - -

1,529,822 - - - - - - - - - - 130,213,155

- - - - - - - - - - - 120,000 152,567 - - - - - - - - - - 9,687,339

- - - - - - - - - - - 2,300,000 - - - - - - - - - - - -

- - - - - - - - - - - 3,465,905 - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6,624,099 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

152,567 - - - - - - - - - - 22,197,343

- - - - - - - - - - - -

Yes No No No No No No No No No No Yes


adams county school district 14 › files › 16 › budget › final budget 6... · 2020-06-24 ·...

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