Proposed

Financial Plan

and Budget

Fiscal Year 2007-2008

Executive Summary

Presented to the

Board of Education

June 19, 2007

Douglas County

School District RE 1

Castle Rock, Colorado

TODAY

TOMORROW

Table of Contents

Douglas County School District Re. 1

Executive Summary

Principal Officials ........................................... .................. ...... 5

Board of Education ........................................ .................. ...... 6-7

Superintendent’s Letter ................................. .................. ...... 8

Arrowwood Elementary Student Letter.......... .................. ...... 9

Budget Department Staff ............................... .................. ...... 10

Mission, Core Values and Governance ......... .................. ...... 11

Key End Statments ........................................ .................. ...... 12

Significant Events/Changes........................... .................. ...... 13-15

Overview of Revenues and Expenditures by Fund .......... ...... 16-17

Budget in Context .......................................... .................. ...... 18

Budget Development Process ....................... .................. ...... 18

General Fund Overview................................. .................. ...... 18

District Financial Position............................... .................. ...... 19

Revenues....................................................... .................. ...... 19-21

Student Growth and Enrollment..................... .................. ...... 22

Borrowings, Capital Projects and Operational Impacts .... ...... 23-24

Expenditures ................................................. .................. ...... 25

Employee Benefits ......................................... .................. ...... 26

Student Based Budgeting .............................. .................. ...... 27

District Investment Policy............................... .................. ...... 27

Funding of Growth-Related Budget Requests.................. ...... 28-29

Other Funds Overview................................... .................. ...... 30-31

Staffing and Compensation............................ .................. ...... 32-34

District Performance Results ......................... .................. ...... 35-37

Proposed 2007-2008 Budget/Staffing Calendar............... ...... 38-39

General Fund Five Year Projection ............... .................. ...... 40-43

General Fund Fund Balance History ............. .................. ...... 44

General Fund Staffing Summary ................... .................. ...... 45

General Fund Revenues................................ .................. ...... 46-47

General Fund Expenses ................................ .................. ...... 48-49

General Fund Summary................................. .................. ...... 50

Other Funds Budgets

Debt Services Fund .................................. .................. ...... 53

Building Fund ............................................ .................. ...... 54

Capital Reserve Fund ............................... .................. ...... 55

Governmental Designated-Special Revenue Fund ..... ...... 56-57

School Discretionary Fund........................ .................. ...... 58

Nutrition Services Fund............................. .................. ...... 59

Child Care Fund........................................ .................. ...... 60

Private Purpose Trusts Fund .................... .................. ...... 61

Pupil Activity Fund .................................... .................. ...... 62

Medical Self-Insurance Fund .................... .................. ...... 63

Insurance Reserve Fund........................... .................. ...... 64

Athletic and Activities Fund....................... .................. ...... 65

Mill Levy Override Fund............................ .................. ...... 66

Charter Schools ........................................ .................. ...... 68-74

Financial Plan and Budget for Fiscal Year 2007-2008 Executive Summary

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EXECUTIVE

SUMMARY

DOUGLAS COUNTY SCHOOL DISTRICT, Re. 1

Colorado

PRINCIPAL OFFICIALS

Board of Education

Timothy L. White…..……………………………….

President

Kristine Turner….……………………………….….

Vice President

Scott Campbell………………………………….….

Director

John Carson…..……………………………….…...

Director

Emily Hansen…..…………………………………..

Director

Clifton Stahl….……………………………….….….

Director

Fred Wucherpfennig…………………………….….

Director

David Hart….……………………………….…….….

Treasurer

Members of Superintendent’s Cabinet

Bill Hodges ............................................

Assistant Superintendent of Human Resources

Annette Fante........................................

Assistant Superintendent of Learning Services

David Hart .............................................

Chief Financial Officer

Dr. Steve Herzog...................................

Chief Operating Officer

Pat McGraw...........................................

Chief of Staff

Darci Mohr.............................................

Staff Counsel

Whei Wong............................................

Director of Communications

Brenda Smith.........................................

Douglas County Teacher Representative

Tiffany Osland .......................................

Douglas County Classified Representative

Anita Gregg ...........................................

Administrative Assistant to the Superintendent

Nona Eichelberger.................................

Secretary to the Board of Education

Dr. Jim Christensen - Superintendent

Fred Wucherpfinnig

Director

Term Expires 2007

Emily Hansen

Director

Term Expires 2009

John Carson

Director

Term Expires 2009

Scott Campbell

Director

Term Expires 2007

Clifton Stahl

Director

Term Expires 2007

Kristine Turner

Vice President

Term Expires 2009

Timothy L. White

President

Term Expires 2009

Board of Education 2007-2008

The Douglas County School District is organized and focused to meet the needs of approximately

53,000 students and manage 72 schools. Seven elected Board of Education members, who are elected

to four-year terms, govern the District.

Douglas County School District

Board of Education Director Districts

Please note:

Because the Director Districts overlap, some schools will be

listed more than once.

Director District E

Kristine Turner

Arrowwood Elementary

Buffalo Ridge Elementary

Copper Mesa Elementary

Eagle Ridge Elementary

Fox Creek Elementary

Redstone Elementary

Timber Trail Elementary

Wildcat Mountain Elementary

Castle Rock Middle School

Cresthill Middle School

Rocky Heights Middle School

Douglas County High School

Highlands Ranch High School

Rock Canyon High School

Director District D

Timothy L. White

Buffalo Ridge Elementary

Castle Rock Elementary

Cherry Valley Elementary

Flagstone Elementary

Larkspur Elementary

Legacy Point Elementary

Meadow View Elementary

Mountain View Elementary

Northeast Elementary

Rock Ridge Elementary

South Street Elementary

Renaissance School

Elementary #45

Castle Rock Middle School

Sagewood Middle School

Middle School #8

Castle View High School

Douglas County High School

Ponderosa High School

Director District B

John Carson

Buffalo Ridge Elementary

Coyote Creek Elementary

Larkspur Elementary

Roxborough Primary

Roxborough Intermediate

Saddle Ranch Elementary

Sedalia Elementary

Soaring Hawk Elementary

Stone Mountain Elementary

Castle Rock Middle School

Ranch View Middle School

Douglas County High School

ThunderRidge High School

Director District C

Clifton Stahl

Acres Green Elementary

Arrowwood Elementary

Cougar Run Elementary

Fox Creek Elementary

Heritage Elementary

Lone Tree Elementary

Sand Creek Elementary

Summit View Elementary

Cresthill Middle School

Mountain Ridge Middle School

Highlands Ranch High School

Mountain Vista High School

Plum Creek Academy

Director District A

Fred Wucherpfennig

Bear Canyon Elementary

Eldorado Elementary

Northridge Elementary

Sand Creek Elementary

Summit View Elementary

Trailblazer Elementary

Mountain Ridge Middle School

Ranch View Middle School

Mountain Vista High School

ThunderRidge High School

Director District F

Scott A. Campbell

Franktown Elementary

Frontier Valley Elementary

Iron Horse Elementary

Mountain View Elementary

Northeast Elementary

Pioneer Elementary

Pine Lane Intermediate

Pine Lane Primary

Elementary #44

Sagewood Middle School

Sierra Middle School

Middle School #9

Chaparral High School

Ponderosa High School

High School #9

Director District G

Emily Hansen

Cherokee Trail Elementary

Frontier Valley Elementary

Iron Horse Elementary

Mammoth Heights Elementary

Pine Grove Elementary

Pioneer Elementary

Prairie Crossing Elementary

Pine Lane Intermediate

Pine Lane Primary

North Star Academy

Sagewood Middle School

Sierra Middle School

Chaparral High School

Ponderosa High School

Jim Christensen

Superintendent

July 1, 2007

Members of the Board of Education, Citizens and District Staff:

I am pleased to submit this budget document as Superintendent of Douglas County School District. The

District strives to remain accountable to our “ownership,” which includes parents, community members,

business owners and legislators. You have a right to know that the District takes its fiduciary

responsibilities seriously. We pride ourselves in accurate budgeting and oversight of our organization and

are deeply committed to demonstrating sound management practices that ensure long-term fiscal stability.

Our District is now the third largest school district in the state, and continues to be the fastest growing,

serving more than 50,000 students. As a result, our District is in a constant state of hiring, building and

adjusting to meet student needs and demands. In the 2007-2008 school year, enrollment is expected to

increase by an additional 2,700 funded pupils. While the District is fortunate to have positive growth

numbers, the challenge remains that there are inadequate dollars to fund all requests. We have worked

hard to channel more resources to schools with a school-based budgeting model.

The cost of doing business continues to go up in increased fuel costs, utilities and healthcare. Funding

does not cover federal mandates in special education and other areas. Our school district receives about

10 percent of the funding it spends annually to educate our students of greatest need. We continue to

work toward expanded funding of the Individuals with Disabilities Education Act (IDEA). Despite our

efforts, district taxpayers are left with a $29.2 million unfunded annual allocation.

For the third year the budget office earned significant recognitions from the Association of School

Business Officials (ASBO) and Government Finance Officers Association of the United States and

Canada (GFOA). These awards reflect the commitment of the District to meet the highest principles of

governmental budgeting. The Board of Education continues its requirement to maintain a five percent

General Fund balance (two percent more than what is mandated by the TABOR Amendment), which

further supports our attention to fiscal responsibility.

Thanks to voter approval of a $5 million budget override in November 2006, the District maintains its

educational programming and stable class sizes. The District will likely seek additional budget funding for

operations and bond funding for building and maintaining schools to keep up with growth. Our plan is to

expand programming for students and maintain high student achievement.

The 2007-2008 budget reflects the District’s commitment to the effective use of resources and fiscal

responsibility. You can continue to expect us to scrutinize our financial picture, refine it with specific data,

and monitor it regularly. Our vision as an organization is to provide the positive learning environment

necessary to help our students become the responsible citizens of the future. As a District, we want to

model positive behavior for students and staff, and to run an effective and efficient operation. If you have

budget questions, or comments, contact me at 303-387-0123, or our Budget Office at 303-387-0013.

Sincerely,

Dr. James S. Christensen

Superintendent

620 Wilcox St. | Castle Rock, CO 80104 | 303.387.0123

| www.dcsdk12.org

Budget Department Staff 2007-2008

Shelley Becker

Budget Director

Jon Kvale

Budget Analyst

Bruce Zimney

Budget Analyst

Rose Ann Bridgers

Budget Specialist

Left to right: Jon Kvale, Rose Ann Bridgers, Shelley Becker and Bruce Zimney

Mission Statement

The mission of the district is to provide an educational foundation that allows each student to

reach his or her individual potential.

Core Values

In support of the district’s mission and underlying its strategies vision, are its core values,

which are:

Governance Process

The Board of Education is responsible for determining the direction of the district. Focusing on

strategic leadership, continuous improvement and accountability, the Douglas County School

District’s Board of Education adopted the Policy Governance model in July 2001. Policy

Governance is a model that focuses Board work on broad, strategic policy decisions as

opposed to operational issues. Under the auspices of this governance process, the Board is

best understood as one step below the community rather than one step above management.

Further, the Board articulates the district’s strategic vision — a vision owned by the larger

community. In practice, Policy Governance is built on a set of policies that cover the four areas

where the Board believes it can best fulfill its responsibilities as trustees of the community.

These policies are based on the district’s core values and focus on end results.

MISSION, CORE VALUES AND GOVERNANCE

•

Educational Excellence

•

Human Diversity

•

Individual Potential

•

Lifelong Learning

•

Productive Effort

•

Shared Responsibility

•

Ethical Behavior

•

Continuous Improvement

•

GOVERNANCE PROCESS

The

purpose of the Board of Education, on

behalf of the citizens of the Douglas

County School District Re. 1, is to see

that the Douglas County schools provide

an educational foundation that allows

each student to reach his or her

individual potential.

•

BOARD/SUPERINTENDENT LINKAGE

The Board’s sole, official connection to

the operational organization of the

district, its achievement and conduct is

through the district’s chief executive

officer (CEO), titled “Superintendent.”

•

ENDS:

Students will acquire the

educational foundation needed to lead

meaningful and productive lives through

the district’s effective, efficient use of

resources and responsive governance.

The Board’s sole connection to the

operational organization of the district is

the Superintendent.

•

EXECUTIVE LIMITATIONS

The

boundaries within which the Board

delegates responsibility for the day-to-

day operations to administration.

A Vision for the Future

Board of Education Key End Statement

Students will acquire the educational foundation needed to lead

meaningful and productive lives.

1.0 Douglas County School District students acquire the knowledge and abilities to be

responsible citizens who contribute to our society.

1.1 Students are able to think critically, using reason and logic when facing decisions

about what to believe or do.

1.2 Students embrace universal ethical principles such as honesty, integrity and justice.

1.3 Students demonstrate the self-motivation and resourcefulness to continue their

learning.

1.4 Students apply what they have learned. They go beyond merely knowing to using their

knowledge and skills productively.

1.5 Students develop and demonstrate Leadership skills. They are influential in creating

a vision of what the future can be.

1.6 Students take ownership and accept responsibility for their wellbeing. Students have

the knowledge, skills and ability to make educated choices concerning their social,

emotional and physical health.

SIGNIFICANT EVENTS / CHANGES

GENERAL

♦

The number of new students enrolling in Douglas

County Schools continues to steadily increase. For FY

2007-2008, projections are estimated to increase by an

additional 2,850 total students.

♦

With the opening of Castle View High School, the need

for an eighth feeder system occurred. The Castle View

Feeder will encompass four elementary schools, one

middle school and one high school.

♦

In November 2006, voter’s approved a $200 million bond

and a $5 million mill levy override to support the

construction of new schools and increase educational

programs. The 2006 Bond will be utilized to build the

following capital projects:

6 new elementary schools

1 new middle school

1 new high school

♦

The $5 million override will provide funding for:

Student allocations to schools

World Language Programs

Literacy Programs

♦

The Learning Services Division will be focused on two

critical goal areas in FY2007-08. These include:

1. End Statement 1.0/Developing Responsible Citizens

Critical Thinking

Ethical Principles

2. Liberal Arts Education

Literacy

Math

Information Science

♦

Department Continuous Improvement

1. Continuum of Services

Early Intervening Services

On-Line Learning

International Baccalaureate

2. School Improvement Processes

School Scorecard

Accreditation

♦

Goals and Executive Limitations:

EL 2.0 Academic Achievement

G 1.0 DCSD students acquire knowledge and

abilities to be responsible citizens who

contribute to our society

1.1 Students think critically

1.2 Students embrace ethical principles

1.3 Students demonstrate self-motivation to continue

their learning

1.4 Students apply what they have learned

1.5 Students develop and demonstrate leadership

skills

1.6 Students take ownership and accept

responsibility for their wellbeing

SIGNIFICANT EVENTS / CHANGES (cont)

LEARNING SERVICES

In November 2006, the Colorado State Board of

Education voted 7-1 to allow Douglas County

School District several policy waivers and the

authority to create an internal licensure and

endorsement program for unique and “hard to fill”

positions. Douglas County School District has

created the Learning Center Board which will

direct a rigorous, internal district licensure and

endorsement program.

The district is constantly seeking out ways to meet

the demands of preparing its students for a

competitive and global marketplace. District

leaders believe by taking control of the training

process for specialized and hard to fill positions,

Douglas County School District can more

successfully attract and retain qualified candidates

in areas of need. Training blueprints for

candidates will be highly customized and needs

driven for both content and pedagogy.

SIGNIFICANT EVENTS / CHANGES (cont)

WAIVERS

The

Financial Plan and Budget for Fiscal Year 2007-2008

of the Douglas County School

District Re. 1 (the “district”) provides an overview of the financial plans and budgets for the

respective funds of the district.

Note, throughout the 2008 Budget, per-pupil revenue calculations are based upon a funded

pupil count (“FPC”). The FPC in fiscal year 2006-2007 (“FY’07”) was 47,363. For fiscal year

2007-2008 (“FY’08”) the Budget’s FPC is 50,063. Note, when calculating the district’s FPC,

kindergarten children count as 0.5 funded pupils due to their half-day classes.

The 2008 Budget estimates total revenues of all district funds for FY’08 to be $613,475,191

The table below summarizes total budgeted revenues by the respective funds.

OVERVIEW OF REVENUES AND EXPENDITURES BY FUND

2007 Alloc Percent of 2008 Alloc Percent of

Fund Budget Per Pupil Budget Budget Per Pupil Budget

General Fund 352,934,014

$ 7,452

$ 70.5% 393,379,185

$ 7,858

$ 64.1%

Debt Service/Bond Redemption Fund 55,071,041

1,163

11.0% 58,727,041

1,173

9.6%

Building Fund 2,000,000

0.4% 59,000,000

1,179

9.6%

Capital Reserve Fund 11,316,434

239

2.3% 13,318,211

266

2.2%

Govtl Designated Purpose Grant Fund 10,795,275

228

2.2% 10,578,536

211

1.7%

School Discretionary Fund 2,154,905

0.4% 2,503,253

0.4%

Nutrition Services Fund 9,534,000

201

1.9% 11,055,348

221

1.8%

Child Care Fund 6,671,836

141

1.3% 7,520,157

150

1.2%

Private Purpose Trusts 170,000

0.0% 85,000

0.0%

Pupil Activity Fund 5,890,080

124

1.2% 3,300,000

0.5%

Medical Self-Insurance Fund 34,359,969

725

6.9% 34,451,000

688

5.6%

Insurance Reserve Fund 3,150,000

0.6% 3,327,500

0.5%

Athletics and Activities Fund 6,643,483

140

1.3% 11,229,960

224

1.8%

Mill Levy Override Fund -

0.0% 5,000,000

100

0.8%

TOTAL 500,691,037

$ 10,571

$ 100.0% 613,475,191

$ 12,254

$ 100.0%

FY'08

REVENUES BY FUND

FY'07

The 2008 Budget estimates total expenditures of all district funds for FY’08 to be

$697,654,641. The table below summarizes the total Budgeted expense for each district fund.

In the instances where a fund’s expenditures exceed revenues, the additional monies being

allocated depict the intentional draw-down of such fund’s FY’08 Beginning Fund Balance which

is required each year by Board of Education Resolution. In such instances, the fund’s FY’08

Ending Fund Balance is above all statutory and district limitations for a minimum year-end

balance and does not create an on-going deficit.

OVERVIEW OF REVENUES AND EXPENDITURES BY FUND

Cont..

2007 Alloc Percent of 2008 Alloc Percent of

Fund Budget Per Pupil Budget Budget Per Pupil Budget

General Fund 359,852,845

$ 7,598

$ 70.5% 405,284,736

$ 8,095

$ 58.1%

Debt Service/Bond Redemption Fund 44,180,739

933

8.7% 55,847,665

1,116

8.0%

Building Fund 10,479,114

221

2.1% 125,652,965

2,510

18.0%

Capital Reserve Fund 14,241,291

301

2.8% 20,482,736

409

2.9%

Govtl Designated Purpose Grant Fund 10,795,275

228

2.1% 10,763,653

215

1.5%

School Discretionary Fund 2,717,898

0.5% 2,021,600

0.3%

Nutrition Services Fund 10,027,713

212

2.0% 10,898,500

218

1.6%

Child Care Fund 6,671,836

141

1.3% 7,520,157

150

1.1%

Private Purpose Trusts 84,800

0.0% 82,300

0.0%

Pupil Activity Fund 5,525,000

117

1.1% 3,075,900

0.4%

Medical Self-Insurance Fund 35,466,537

749

7.0% 35,912,923

717

5.1%

Insurance Reserve Fund 3,424,586

0.7% 3,881,546

0.6%

Athletics and Activities Fund 6,643,483

140

1.3% 11,229,960

224

1.6%

Mill Levy Override Fund -

0.0% 5,000,000

100

0.7%

TOTAL 510,111,117

$ 10,770

$ 100.0% 697,654,641

$ 13,936

$ 100.0%

FY'08

EXPENDITURES BY FUND

FY'07

2007-2008 BUDGET IN CONTEXT

Colorado’s school finance act distributes state and local dollars to the State’s school districts

for K-12 public education. These monies are allocated under the “Public School Finance Act of

1994” and may be annually amended by the most recent school finance bill. Funding to school

districts is based on a per-pupil formula. For each pupil funded, the formula provides a base

per-pupil amount of money plus additional money to recognize district-by-district variances in:

(a) costs of living, (b) personnel costs, and (c) sizes. The amount also includes additional

funding for at-risk pupils. For FY ’08, the district is to receive $6,412 per funded pupil.

The School Finance Act requires a district’s board of education to adopt their FY 2007-2008

budget by June 30, 2007. Accordingly, the Douglas County School District’s Board of

Education (the “Board”) formally adopted the 2007-2008 Budget on June 19, 2007. In

recognition that in any given year a budget adopted in June is based upon projected pupil

enrollment counts — which dictate school finance funding until the actual October 2007 counts

are processed — state law provides for and envisions districts changing their June-adopted

budget to reflect a district conducting an October pupil count. For the 2007-2008 Budget the

projected funded pupil count (Pre K-12) is 50,063 students. Under the School Finance Act,

any changes to a district’s budget must be finalized and approved by the Board of Education

by October 15, 2007.

BUDGET DEVELOPMENT PROCESS

Budget preparation starts the preceding fall with a preliminary budget for the succeeding year.

Enrollment forecasts are completed by year-end and then used to revise projected revenues,

staffing needs, and school / department funding allocations. Completed budget request forms

are due in March. Budget office staff then review requests, tabulate requested needs, review

and revise the five-year financial impacts of funding requests and make recommendations to

district administration. Upon final Board approval, budget office staff load budget information

into the district’s financial systems to begin the new fiscal year. As stated previously, state law

provides for and envisions districts changing their June-adopted budget to reflect a district

conducting an October pupil count. If a district elects to do so, a revised financial plan is to be

adopted by October 15.

GENERAL FUND OVERVIEW

The FY 2007-2008 Budget estimates the total available dollars of the General Fund to be

$429.3 million. The total available dollars are comprised of: an estimated Beginning Fund

Balance of approximately $35.9 million and operating revenues of $393.4 million. General

Fund budgeted expenses total $405.3 million. Budgeted expenditures include $2.0 million for

contingent expenses. The FY 2007-2008 Budget also transfers General Fund monies to the

Capital Reserve and Insurance Reserve Funds in the amounts of $9.53 million and $3.31

million, respectively. The FY 2007-2008 Budget’s General Fund projected ending fund

balance is $24.0 million, which equates to 6.1 percent of the total General Fund revenues,

surpassing the 3% TABOR requirement.

District Financial Position

Douglas County continues its decades-long experience of extraordinary population growth. For

purposes of crafting the 2007-2008 Budget, the district estimates 50,063 funded pupils (Pre K-

12). In just seven years, since October 1999, the district has enrolled approximately 18,000 new

students. Over the past twenty plus years — when in 1984 there were 8,427 students — voters

have shown their support for the district by approving seven separate bond elections to finance

capital improvements. In addition, four separate budget overrides (1989, 1997, 2003 and 2006)

were passed to provide the additional financial resources required to operate the schools.

Budget projections indicate that in order for the district to continue to accommodate the inflow of

students and maintain the customary high levels of student achievement the community expects,

finances will continue to be stretched. The district is conservatively managed and maintains best

financial practices. Consequently, the district currently has a Aa2 credit by Moody’s and a AA by

Fitch, which are nationally recognized bond rating agencies. The district’s prudent management

and strong bond rating enables the district to keep borrowing costs as low as possible.

Revenues

To provide for a child’s education, various revenues constitute the total of a school district’s

operating revenues. The district’s General Fund receives revenues from state and local

sources. The majority of the district’s total revenue — at 82% — becomes available to the

district through the School Finance Act. Based upon a district’s October pupil count, the School

Finance Act provides funding through local property taxes, specific ownership taxes and state

equalization.

Property taxes have always been a source of financial support for K-12 public schools.

However, given the provisions of various amendments to Colorado’s Constitution over the last

23 years (Gallagher in 1982; TABOR in 1992 and Amendment 23 in 2000) on a state-wide basis,

the state’s percentage share has grown from just over 40% to greater than 50%. While

Gallagher and TABOR were a conscious effort to hold down property taxes, the trade-off has

been added pressure on the state to meet the growing costs of school finance. Compounding

this pressure, Amendment 23 requires certain increases to per pupil funding of schools. Under

the School Finance Act, state aid makes up the difference between total funding and the amount

available from local sources. Since funding for schools must increase (Amendment 23) and the

local share is essentially fixed (Gallagher and TABOR), the difference in funding comes from

state sources. Illustrative of the State’s increasing burden pursuant to the School Finance Act,

the district’s data is presented below:

CY 1988 Actual

FY 1997-98 Actual

FY 2007-08 Budget

State Share (%) 41.00% 52.00% 53.00%

Local Share (%) 59.00% 48.00% 47.00%

State Aid per Pupil ($) $ 1,479

$ 2,235

$ 3,398

Local Aid per Pupil ($)

$ 2,129

$ 2,064

$ 3,014

Total per Pupil Revenue ($)

$ 3,608

$ 4,299

$ 6,412

District revenues can also be divided into:

Local

Tax Revenues

Intergovernmental Reve-

nues

, and

Other Local Revenues

. The district’s

Tax Revenues

are principally derived from

Property Tax and Specific Ownership Tax receipts. For instance, FY 2007-2008 Property

Taxes are calculated by applying the forecasted December 2007 mill levy upon the 2007 as-

sessed valuation of residential and commercial property within the district. Specific Ownership

Tax Revenue for FY 2007-2008 is estimated at $20 million.

The largest portion of

Intergovernmental Revenues

are the School Finance Act dollars

allocated by the Colorado General Assembly. Pursuant to the School Finance Act, for FY

2007-2008 the district’s total program funding on a per-pupil basis is projected to increase to

$6,412, which is a 4.6% increase in the base per-pupil amount over FY 2006-2007. The

State’s portion of School Finance Act revenues is projected to be $197.4 million (excluding

Property and in-formula Specific Ownership Tax revenues).

General Fund Revenues by Type

$165,469,366

$19,369,945

$208,539,875

Tax Revenues

Intergovernmental

Other Local Revenues

Other Intergovernmental revenues are primarily derived from the state’s categorical program

funding which also increases based upon the rate of inflation plus 1% pursuant to A-23. Such

funds are in addition to School Finance Act funding. These dollars are for specific programs

designed to serve a select group of students or certain student needs. The district receives

categorical funding for: English Language Proficiency Education, Gifted and Talented Educa-

tion, Special Education, Transportation and Vocational Education. Total revenue for these

programs is budgeted at $11.1 million for FY 2007-2008. Out of $11.1 million, $2.9 million is

new Referendum C dollars.

Other Local Revenues

total $19.4 million. Other Local Revenues are comprised of district-

imposed Charges-for-Services, various third-party contributions and donations, and Transfers-

In in addition to interest earnings. Examples of Charges-for-Services include: rentals, fees for

transportation or instructional materials and tuition.

District Mill Levy

(Per $1,000 of AV)

2007 Budget

2008 Budget

Mill Certified, December:

2006

2007

Property Taxes Collected:

2007

2008

Program Funding

Abatements & Omitted Property

25.440

0.215

25.440

0.215

Overrides (‘89,‘97, ’03 & ‘06)

8.319

7.641

Bond Redemption

12.526

13.204

Total Mill Levy

46.500

Total Assessed Value

$4,051,481,720

$4,412,063,598

Student Growth and Enrollment

Student growth remains an important factor in FY 2007-2008, and for the district’s long-term

future. Total pupil enrollment (Pre K-12) is expected to be 53,235 total students, calculating to

be 50,063 funded pupils. Based on current projections, the district is expected to grow to a

total enrollment over 56,000 by the 2008-2009 school year.

This increased enrollment, as well as future expected growth requires new schools. The

district’s planning process begins with the district’s Long Range Planning Committee (“LRPC”).

The LRPC was established in 1983 as an advisory body to the Board of Education. The

LRPC’s purpose is to evaluate growth trends within the district and make recommendations to

district leadership regarding existing facilities, remodeling and construction of new facilities.

LRPC members will, from time to time, make recommendations about the timing and dollar

amount for bond elections, school boundaries, calendar changes and other actions which aid

in accommodating the enrollment influx into Douglas County Schools.

Consisting entirely of volunteers, LRPC members are asked to serve for three years, with

about one-third of the committee changing each year. In 2005-2006, LRPC became a

committee of the Board of Education.

New school openings for FY 2007-2008

Lone Tree Elementary - A Magnet School (Aug 2007)

Mammoth Heights Elementary (Jan 2008)

Stone Mountain Elementary (Jan 2008)

Roxborough Intermediate (Spring 2008)

Projected new school openings for FY 2008-2009 include:

Elementary School #44 in Parker

Elementary School #45 in Castle Rock

Middle School #8 in Castle Rock

High School #9 in Parker

10,000

20,000

30,000

40,000

50,000

60,000

70,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Douglas County School District Enrollment

Total Pupil Count

Funded Pupil Count

Overview

The district issues general obligation (“GO”) bonds and certificates of participation (“COP”) to

provide funds to implement the district’s capital improvements program including construction

of new schools, additions, renovations and repairs to existing facilities and the acquisition of

related equipment. GO Bond proceeds are accounted for within the Building Fund. COP

proceeds are accounted for within the Capital Reserve Fund. In addition, the district’s Capital

Reserve Fund is funded by a per-pupil allocation of General Fund monies as specified by the

School Finance Act; in 2007-2008 the transfer equates to $292 per student.

Short Term Borrowings

The district is authorized by statute to borrow in anticipation of the receipt of property tax

revenues during the fiscal year, provided that such borrowing is liquidated before the end of

the fiscal year.

The district participates in the state’s Interest-Free Cash Loan Program under which the State

Treasurer makes loans available to offset the district’s general fund cash deficits before

property tax receipts are available in the spring. Under this program the State Treasurer

issues tax and revenue anticipation notes on behalf of school districts. The district drew-down

$50 million of these funds from the 2005-2006 program, which were in turn paid back in full in

May 2006. For 2007-2008, the Board of Education has authorized the district to borrow up to

$55M in the State Treasurer’s Interest Free Loan Program.

Long Term Borrowings

The district has $609,424,795 outstanding in principal amount of long term general obligation

indebtedness. The state constitution provides that the state legislature establish limitations on

the authority of any political subdivision to incur general obligation indebtedness in any form.

Based upon the district's 2006 certified assessed valuation of

$4,412,063,593

, the district's

current debt limit (at 20% of the latest valuation for assessment) is $810,296,344; at present

the district has $200,871,549 in unused debt capacity.

The district issued Certificates of Participation for $5.075 million in 2003-2004 to purchase a

facility to house Daniel C. Oakes High School (a district alternative high school), the district

Media Center and to purchase 30 school buses. Future debt payments of $4.4 million are

included in the Capital Reserve Fund, with an annual repayment amount of $466,000.

In November 2003, district voters authorized the issuance of $100,000,000 of general

obligation bonds to pay the cost of renovating five facilities and construction of four new

schools. Projects funded from these proceeds are expected to be completed by 2008. The

completion of these projects will add capacity to the district’s facilities for approximately 6,100

additional students.

On September 7, 2006 the District issued Certificates of Participation (COP) in the par amount

of $13,830,000 and a reoffering premium of $290,470 with interest rates ranging from 4% to

4.75%. The net interest cost is 4.29% on a term of 15 years. The proceeds are to be used for

the construction of an elementary school located in the City of Lone Tree in the Heritage Hills

subdivision and a road to Middle School 8 in the Town of Castle Rock. The cost of the road is

to be reimbursed by the developer of the area by September 2009.

BORROWINGS, CAPITAL PROJECTS AND OPERATIONAL IMPACTS

Capital Projects

Future district needs for capital improvements, vehicles and equipment outpace available

funding in the Capital Reserve Fund. The district has developed a facility and improvement

needs plan through the year 2020. Planning is ongoing for future bond elections on a three to

four year schedule. With the available debt capacity, the district is anticipating shifting more

capital projects into Bond Program Planning and away from the Capital Reserve Fund.

Operational Impact

With the opening of five schools in 2003-2004, the district saw a drawdown of its general

operations’ fund balance to support the inefficiencies of lower enrolled schools. In the past

ten years, the district has opened nineteen elementary schools, five middle schools and four

high schools. The planned openings of a high school in 2006, an elementary school in 2007

and both a middle and high school in 2008 will continue to have an impact on the operational

budget and its fund balance. With the need to hire additional teachers in an environment

characterized by competitive salary pressures and the ever-increasing costs of employee

benefits, rising operational costs in student assessment and increased utilities, the growth in

students alone is not enough revenue to support the increased costs of opening schools.

Consequently, the district continues to explore cost-containment measures and the

development of new revenue streams while also assessing service standards.

On August 24, 2006 the District issued General Obligation Refunding Bonds, Series 2006A in

the par amount of $44,115,000 to refund a portion of the General Obligation Refunding Bonds,

Series 1996 in order to achieve interest rate savings. Interest rates range from 4% to 5%,

payable semiannually, principal payable annually beginning in June 2007. The final payment

is due in December 2016.

In November 2006, district voters authorized the issuance of $200,000,000 of general

obligation bonds to pay the cost of renovating ten existing facilities, construction of six

elementary schools, one middle school, an addition to an existing high school to provide a

Career/Technical education program, an early childhood center, a stadium and various repairs

to existing facilities.

At the same election, voters approved $5,000,000 annually to fund a World Language Program

and additional discretionary funds for schools.

Salaries and Staffing

Through a formalized staffing process, school certified and classified positions are distributed

based on projected student enrollment for FY 2007-2008.

Note: Special education teachers and mental health staff positions are based on needs at

various levels of service required by special needs students. The certified staffing ratio listed is

not used to calculate the number of certified staff for these positions.

Expenditures

Grades

FY ‘06

Staffing

Allocation

FY ‘07

Staffing

Allocation

FY ‘08

Staffing

Allocation

Kindergarten (0.5 FTE)

1:23

Primary Grades 1 - 3

1:23

Intermediate Grades 4 - 6

1:26

Middle Grades 7 - 8

1:19.5

High School Grades 9 - 12

1:20.5

FPC K-12

44,682

47,363

50,063

GF Expenses by Objects

64%

11%

14%

Salaries $259,560,512

Benefits $57,627,787

Operating $43,498,824

Charter $20,175,650

Transfers $22,046,963

Contingency $2,375,000

RECOMMENDED STAFFING RATIO

Employee Benefits

How employers - particularly public-sector employers - view compensation continues to evolve.

Whereas in years past, many employers (and their employees) viewed pay apart from benefits,

ever-increasing health care costs have forced both parties to view each as dependent parts of

the total compensation package. The nature and cost of benefits have undergone several

changes while preparing for the FY 2007-2008 school year. The district has experienced

increases in costs associated with health care and benefit costs as have other employers

throughout the metro area. Capturing the Board-approved recommendations of the district’s

Health Insurance Committee, the 2007-2008 Budget provides for funding the following

changes over FY 2006-2007 premiums: a 3.0% cost increase in Cigna medical, a 3.0%

increase in Delta Dental, a 12.2% increase for Kaiser medical and no increase in vision. If an

individual employee selects the highest costing coverage offered by the district (for medical,

dental and vision) the maximum dollar contribution paid by the district equates to $453.53 per

employee per month. For such an employee, the $453.53 equates to 100% of the cost of

coverage for medical, dental, and vision. The $453.53 is the maximum contribution regardless

of which type of coverage is selected (i.e., medical and/or dental and/or vision), the nature of

the coverage (i.e., HMO vs. PPO), or the level of coverage (i.e., single vs. family). If an

employee has one or more dependents, the cost of the coverage goes up; however, the

district’s contribution remains fixed at $453.53 and the employee pays the additional premium.

The percent of an employee’s PERA gross taxable salary paid by the district remains at

11.15% until January 2008 when it increases to 12.05%, which is a .9% change from FY 2006-

2007. This increase is due to recently passed legislation mandating an additional employee

contribution of .5%. Annual increases for PERA will occur until the rate reaches 16.55% in

January 2013.

District-Paid Benefits per One, Full-time Equivalent Position

Public Employees Retirement Association 12.05% of PERA eligible salary

Long-term Disability Upon 90 days disability, 60% of salary to $6,000/m max. @ .18% of salary

Life & AD&D – Teachers and Classified Staff $50,000 coverage @ $.10 per $1,000 of coverage

Life & AD&D – Administrators / Professional 3 times salary up to $200,000 coverage @ $.10 per $1,000

Benefits Plan – Medical, Dental, Vision and Other (based on 1.0 FTE employee coverage)

Teachers Up to $453.53 per employee per month

Classified Staff Up to $453.53 per employee per month

Prof/Tech Staff Up to $453.53 per employee per month

(plus up to $1,000 annually for Technical/ Professional Evaluation Incentive.)

Administrators Up to $453.53 per employee available per month

(plus up to $2,000 annually for Administrator Evaluation Incentive.)

Other District-Paid, Compensation-Derived Expenses

Medicare 1.45% of Medicare eligible salary

(This is in addition to Federal and State Income Taxes. The district and its employees do not pay into Social Security.)

Beginning January 2008, per Colorado State law, the district will contribute .50% to PERA of PERA eligible salary for

employee contribution.

1. U.S. Treasury Obligations

2. Federal Instrumentality Securities

3. Prime Commercial Paper issued on U.S. compa-

nies

4. Eligible Bankers Acceptances

5. Repurchase Agreements

Student Based Budgeting

From the General Fund, district-operated schools are allocated a per pupil dollar amount

based upon the formula presented in the table below. Individual schools use these dollars for

Certified Staff, Classified Staff, Supplies and Materials. Schools base their budgets on

historical figures, through input from district staff and school advisory councils. Student Based

Budgeting began in FY ‘06 with one feeder group, expanded to three feeder groups in FY ‘07

and to all district feeders in FY ‘08.

FY ‘06

Allocation

Per Pupil

FY ‘07

Allocation

Per Pupil

FY ‘08

Allocation

Per Pupil

Elementary School

$ 3,127

$ 3,239

$ 3,400

Middle Schools

$ 3,494

$ 3,541

$ 3,668

High Schools

$ 3,338

$ 3,437

$ 3,561

District Investment Policy

Safety of principal is the foremost objective of the district’s investment program. The district is

governed by the Colorado Public Deposit Protection Act (PDPA) and by the district’s Board

Policy (Policy DFA). The district follows the “prudent investor” rule applicable to a fiduciary,

which states that a prudent investor “shall exercise the judgment and care, under

circumstances then prevailing, which men of prudence, discretion, and intelligence exercise in

the management of the property of another, not in regard to speculation but in regard to the

permanent disposition of funds, considering the probable income as well as the probable

safety of their capital.”

The investment portfolio is structured so that securities mature sufficiently close to cash

requirements for ongoing operations, minimizing the need to sell securities on the open

market. A minimum of 50% of the portfolio is invested in Federal Instrumentality Securities,

U.S. Treasury Obligations, Repurchase Agreements, Local Government Investment Pools,

Money Market Mutual Funds, Time Certificates of Deposit, Flexible Repurchase Agreements

and Guaranteed Investment Contracts. Investments are limited to maturities not exceeding

five years. At least two broker/dealers bid on each transaction to insure competitive pricing.

All securities are held in a third party safekeeping account at Wells Fargo Trust. On a quarterly

basis the Board receives a list of the district’s investments and their performance.

Eligible investments in our policy are:

6. Flexible Repurchase Agreements

7. Local Government Investment Pools

8. Time Certificates of Deposit

9. Money Market Mutual Funds

10. Municipal Notes or Bonds

11. Guaranteed Investment Contracts

The other area the district focused on in conjunction with new staffing and operating requests

was the need to identify between those requests most directly related to the increase of over

2,850 total students per year and those items considered new or additional program dollars.

Districts, including Douglas County School District RE-1, continue to stretch dollars to cover

general operating costs while managing increasing insurance costs, utility increases and the

increased costs of educating special needs children.

The central support departments are divided into three areas: Support Services, General

Administration, and Learning Services (which includes school requests). Approved requests

for each area are summarized on the following page.

FUNDING OF GROWTH-RELATED BUDGET REQUESTS

(ABOVE PRIOR YEAR BASE)

SUPPORT SERVICES

FTE

Amount Description

Department

Approved

Approved Title

Information Technology Services 1.00 103,163 Document Manager

Information Technology Services 1.00 81,837 Education Tech Specialist

Information Technology Services 3.00

219,630 Computer/Server Techs I, II, & III

Information Technology Services 1.00 85,708 Wiring Tech

Operations and Maintenance 9.50 412,983 Custodians/Maint/Grounds

Business Services 0.50 21,642 Business Office Support

Security 4.10 174,654 Security Specialists

Transportation 13.62 530,770 Bus Drivers/Mechanics Staff/Ed Assist

Support Services-All Departments 1,718,778 Operating Expenses (includes utilities, fuel, etc…)

Total Support Services

33.72 $3,349,165

GENERAL ADMINISTRATION

FTE

Amount Description

Department

Approved

Approved Title

The Learning Center 1.00 145,140 Director

DC Education Foundation 1.00 47,036 Office Support

DC Federation 1.00 47,036 Office Support

Superintendent 0.40 16,000 District support

General Administration-All Departments 198,000 Operating Expenses

Total General Administration

3.40 $453,212

LEARNING SERVICES

FTE

Amount Description

Departments/Schools

Approved

Approved Title

Principals/AP (Elementary) 6.95 660,473 Administrative Staff in schools

Assistant Principals (Secondary) 7.50 872,935 Administrative Staff in schools

Regular Classroom Teachers 120.00 6,678,840 Certified Staff in schools

SPED Classroom Teachers 16.00 890,512 Certified SPED Staff in schools

Child Find 11.00 612,227 Certified Staff

SPED Classified

6.50 210,275 Classified Growth

Student Assistance 3.00 200,000 Certified Staff classroom & non-classroom

Gifted and Talented 8.50 473,085 Certified Staff

English as a Second Language 8.00 445,256 Certified Staff in schools

Health Services 3.80 260,023 Nurses in schools

Career and Technical Education 1.70 94,617 Certified Staff non-classroom

Counselors (Secondary) 6.00 438,600 Certified Staff non-classroom

Core Team-New Schools 100,000 Stipends

Learning Services Department 1.00 145,998 Director of Schools

Curriculum/Instruction/Assessment 1.00 88,361 Assistant Director

Band/Orchestra 0.30 19,612 Certified Staff in schools

Building Resource Teachers 4.00 328,700 Certified Staff in schools

Schedule A-Coaches/Dept Head 143,649 Co-curricular pay

New Elementary Schools 1.00 46,410 Classified Staff - Secretaries

New Secondary Schools 1.50 70,378 Classified Staff - Secretaries

New Secondary Schools 2.00 84,510 Level 2 and Level 3

Classified Staff 10.00 300,000 Classified Staff in schools

Learning Services 1.83 86,076 Office Support

Charter Schools 1,922,400 New Charter School Pupils

Cap Reserve 686,200 New Students Transferred to Cap Reserve

Schools 397,800 New Student Supplies and Materials

Schools 70,500 New Textbooks

Learning Services-All Departments 250,000 Operating Expenses

Total Learning Services

221.58 $16,577,437

TOTAL GROWTH REQUESTS

258.70 $20,379,814

GROWTH REQUESTS FOR FY 2007-2008

OTHER FUNDS

Besides the General Fund, there are other funds used by the district. The General Fund is the

primary operating fund utilized for most school and department revenues and expenditures

within the district. All other funds are maintained for a specific purpose.

Debt Services/Bond Redemption Fund:

This fund serves as the vehicle for recording dedicated property taxes and the payment of

outstanding principal and interest on the district’s General Obligation Bonds. Available

revenues for this fund are projected to be $58.7 million plus a $36.1 million beginning fund

balance. Expenditures for this fund are budgeted at $55.8 million: main expenses being $23.0

million for mandatory principal payments; and $30.9 million in regular interest payments.

Building Fund:

This fund is used to account for the management and actual construction of district facilities

that are financed by borrowed proceeds. The beginning fund balance for FY ’08 is estimated

at $194.2 million and together with estimated revenues for this fund of $59.0 million will cover

expenditures for FY ’08 of $125.7 million.

Capital Reserve Fund:

The Capital Reserve Fund finances major building projects, ongoing maintenance and

equipment acquisition for facilities, and technological needs within the district. Per the School

Finance Act, the primary revenue for this fund is a portion of the $292 per-pupil mandated for

the Capital Reserve and Insurance Reserve Funds within a district. Other significant revenues

include revenue associated with CRS 39-5-132, which enacted in January 1986, allows the

district to mitigate growth by dedicating for capital improvements the assessed value of newly

constructed buildings. Other material revenues are interest earnings and revenue paid in lieu

of taxes. Revenues for FY ’08 are $13.3 million. The fund’s beginning fund balance equals

$9.3 million. Expenditures for this fund are budgeted at $20.5 million. Another $1.5 million in

prior year’s funded projects is also carried forward in this budget.

Governmental Designated Purpose Grants Fund:

This fund accounts for most state and local grants as well as federal funding received by the

district. Essentially this fund is a balanced fund whereby expenditures equal the available

dedicated revenues of $10.6 million.

School Discretionary Fund:

This fund accounts for Coca Cola revenues and an individual school’s discretionary funds.

The beginning fund balance is $2.6 million. Aside from Coca Cola commissions, schools

generate these monies by leasing their facilities. Budgeted revenue for FY ’08 is $2.5 million

and budgeted expenditures total $2.0 million. These funds are spent at each school’s

discretion.

Nutrition Services Fund:

The Nutrition Services Fund operates as an enterprise and accounts for activities related to

preparation of school meals. FY’08 has a beginning balance of $8.3 million and estimates

$11.1 million in sales and other revenue. Budgeted spending totals $10.9 million with 48%

going for food and commodity purchases.

Child Care Fund:

Organized as an enterprise operation, the programs operating under this fund include Before

and After School Child Care, Intersession, and Extended Kindergarten. These programs are

budgeted to be self supporting with revenues derived from program enrollment fees charged

on a per-child basis. Resources include anticipated revenue of $7.5 million plus a beginning

fund balance of $2.5 million. The planned expenditures are $7.5 million.

Private Purpose Trusts Fund:

Accounting for monies whereby the district acts as a fiduciary agent, this fund is comprised of

several accounts funded by private gifts, donations, and/or fund raising efforts. The beginning

fund balance is $110,718 and an additional $85,000 in contributions is anticipated. Expenses

are budgeted to total $82,300.

Pupil Activity Fund:

This includes a group of individual school funds earmarked for extra-curricular student

activities at the elementary, middle and high schools. Revenues are generated by the sale of

athletic and activity tickets, fund raising events and user/club fees. The beginning fund

balance is $1.2 million and budgeted revenues total $3.3 million with expenses of $3.1 million

budgeted.

Medical Self-Insurance Fund:

This fund contains district and employee medical and dental premium payments. The district

operates a self-funded employee benefit program and must match set premiums to cover

projected medical payouts. Due to increases in health care costs nationwide, the fund has

provided for insurance premium increases as follows: medical 3.9% and dental 3.0%.

Anticipated revenues for FY ’08 are $34.5 million and expenses are budgeted to be $35.9

million.

Insurance Reserve Fund:

This fund provides resources for the district’s property insurance, liability insurance, related

loss prevention services, vehicle insurance, workers’ compensation, and security costs.

Together with the Capital Reserve Fund, per the School Finance Act, the primary revenue for

this fund is a portion of the $292 per-pupil allocated by the district. For FY’08 this fund’s share

will provide $3.3 million and together with a beginning fund balance of $1.3 million is sufficient

to cover anticipated expenditures of $3.9 million.

Athletics and Activities Fund:

The purpose of this fund is to capture all revenues and expenses directly related to CHSAA

sponsored athletics and activities. Budgeted revenues total $11.2 million toward expenses of

$11.2 million.

Mill Levy Override Fund:

This fund is a special revenue fund that serves the function of recording the voter approved mill

levy override revenues and expenditures. In November 2006, a mill levy override of $5.0

million was approved for literacy, world language and funded student allocations.

ACHIEVING DISTRICT GOALS THROUGH STAFFING and COMPENSATION

In July of 1994, Douglas County School District and Douglas County Federation of Teachers

implemented a performance-based compensation system for all certified staff. While the district

and the Douglas County Federation of Teachers are making every effort to include the most

recent updates, committee work continues on many aspects of the plan. The performance pay

plan continues to be adjusted and improved based on the feedback received from teachers,

administrators, parents, and members of the community. In FY 2005-2006, the Board of

Education recognized the Douglas County Federation of Classified Employees.

Plan Overview

Not only is Douglas County’s Performance Pay system the most comprehensive and longest

running in the nation, it continues to attract the attention of a wide range of local, national and

even international audiences. The plan has been heralded as “trail blazing” and

“unprecedented” by various Colorado newspapers. It has also been described as “precedent-

setting reform,” in a

Denver Business Journal

article.

Before the plan could become a reality, it was essential to put together a group that would

ensure the efforts would be tailor made to the needs of Douglas County School District. Twelve

years ago, a task force of 30 individuals—20 teachers and 10 Board of Education appointees,

including several community members and business people — put in more than 6,000 hours

designing this compensation system.

First adopted in the summer of 1994 by the Board of Education and the Douglas County

Federation of Teachers (DCFT), the plan has continued to evolve. Each year since its

inception, committees have continued to refine, evaluate, modify and expand each of the

plan's components. Teachers have demonstrated their support for the plan by voting

overwhelmingly to continue its implementation each year. The major philosophical shift of

performance pay is clear:

no longer will all teachers be awarded salary increases without

regard to performance

. The integration of successful private sector approaches has helped this

plan gain wide credibility among various school district constituencies.

Why is the District doing this?

The number one reason for pursuing a performance-based compensation system is to improve

overall district performance. This plan has come about as an effort to reward outstanding

individual and group performance as it relates to measurable goals.

Reinventing an old way of compensating teachers has not been easy, but that’s precisely what

has happened. An extensive review of private sector approaches to paying employees has

enabled the transfer of many relevant concepts to the school district’s new compensation plan.

This plan does not undermine the important element of collegiality and teamwork that people

see in Douglas County today.

Incentives for Quality

Douglas County School District’s performance pay plan focuses on rewarding teachers on their

individual and group performance. Unlike the old system of step increases, this approach is not

limited to length of service for increase in compensation. Any professionally licensed teacher

has the ability to garner additional compensation by demonstrating their increased

effectiveness in the classroom through a number of options and components.

Performance pay is a comprehensive system which aligns teacher appraisal and

compensation with the school district’s goals under Policy Governance. Evidence of impact

from this system includes: an observed increase in teacher skills level and change in teacher

differentiated strategies. Also, measurable increases in student performance are demonstrated

in Group Incentive Projects, Master Teacher, and Outstanding Teacher Programs.

Overall plan objectives are to:

♦

Support the Board Goals and Executive Limitations.

♦

Attract, retain and motivate the highest qualified teachers while competing in the

employment market.

♦

Reward growth, development, skill and knowledge acquisition.

♦

Provide teachers with a stable and predictable base income.

The following items describe components of the district’s Pay for Performance Plan:

Skill Blocks

The goal of Skill Blocks is to provide incentives for teachers who acquire, apply and

demonstrate skills which support the goals of the school district. Skill blocks are practical and/

or innovative skills that teachers acquire and demonstrate in their classrooms. They are not

intended to replace professional development activities, but, instead, to augment those

programs. The district provides training to support the acquisition of skills. Any manner of

acquiring the skills identified in the skill block is acceptable. Teachers may acquire the skill

through professional reading, district in-service, college course work, observation and coaching

with a colleague, or any other avenue of their choosing.

Group Incentive

The Group Incentive Plan rewards groups of teachers for improved student performance; for

enhanced cooperation and collegiality; and to promote positive school and community

relations. A group is defined as teachers within a school or as cross-school teams of teachers

with similar teaching responsibilities. There is only one Group Incentive Plan for each school.

The Group Incentive Plan may include multiple components to integrate the contributions of

classroom teachers, specials teachers, support services, etc. Goals are designed to improve

student performance "above the local standard" of the target group. Student benefits are

clearly stated in the goal(s) and objectives of the Plan, and measured by the assessments

selected. The goal(s), objectives, and assessment(s) are chosen so the amount of student

growth can be demonstrated and documented. The benefits to students from the plan are a

direct result of the activities chosen.

Goals are teacher designed, student focused, linked to school and/or district objectives and

often reflect the individual school’s improvement plan. It is required the proposed Group

Incentive Plan have community and administrative support. Normally, this will be shown by

letters of support from the Building Accountability Committee or Site Council, and the principal.

The Group Incentive Board recommends informing the community as broadly as possible

about the proposed plan; however, an opportunity for public input is not required, just

suggested.

Outstanding Teacher

The intent of the Outstanding Teacher designation is to honor teaching excellence in Douglas

County Schools. The Outstanding Teacher Program is an annual bonus that rewards

outstanding teachers who demonstrate and document teaching excellence during the

academic year. This can be accomplished through a diverse and open system that allows

individuality and creativity while maintaining consistent, district-wide guidelines. Several

options have been developed to allow teachers choices in this process. All eligible licensed

professionals, including classroom teachers, media specialists, counselors, speech therapists,

social workers and psychologists interested in being designated Outstanding in Douglas

County are encouraged to participate in this process.

Master Teacher

In 2001 the Master Teacher component was added to the performance pay plan. Originally

intended to be linked to master teacher licensure through the Department of Education, the

Douglas County Master Teacher designation is based on district-developed criteria, including

student growth, leadership, recognition, awards, innovation and community partnership. The

Master Teacher designation recognizes teachers who get superior student performance results

and make significant and distinct contributions to our community beyond the classroom.

National Board Certified Teachers

Douglas County has now included National Board Certified Teachers within the district’s

performance pay plan. Teachers receive National Board Certification through a rigorous

process established and monitored by the National Board for Professional Teaching

Standards. The National Board Certificate is available for a variety of disciplines and grade

levels and is awarded to successful candidates for a period of ten years. Douglas County

Board certified teachers may receive bonus incentives for five of the ten years of their

certificate and are encouraged to participate in the Master Teacher Program for the second

five years of the life of their certificate.

DISTRICT PERFORMANCE RESULTS

Student academic achievement is an important indicator of successfully fulfilling this mission.

Among the measures Douglas County School District uses to judge student achievement are

the Colorado Student Assessment Program (CSAP) and the American College Testing

Program (ACT).

DISTRICT CSAP WRITING SCORES

Percent of Students At or Above Proficient

100

PERCENT

2002

69 64 69 72 69 70 71 63

2003

69 65 70 74 74 68 71 71

2004

65 68 70 75 67 66 73 69

2005

70 68 73 77 72 66 70 69

2006

67 65 77 78 72 66 70 67

Grade 3 Grade 4 Grade 5 Grade 6 Grade 7 Grade 8 Grade 9 Grade 10

DISTRICT CSAP READING SCORES

Percent of Student At or Above Proficient

100

PERCENT

2002

83 77 81 86 80 83 85 77

2003

86 77 83 86 81 85 85 86

2004

86 78 83 87 79 81 85 86

2005

83 78 84 85 83 79 85 85

2006

83 83 86 88 80 83 83 83

Grade 3 Grade 4 Grade 5 Grade 6 Grade 7 Grade 8 Grade 9 Grade 10

State Testing

The Colorado Student Assessment Program (CSAP) is designed to measure student achieve-

ment of the Colorado Model Content Standards. These standards are expectations specifying

what students should know and be able to do. CSAP provides a series of snapshots of stu-

dent achievement in reading, writing, math, and science as they move through grades 3–10.

This testing program began in 1997 with the introduction of reading and writing exams at grade

four. Other subjects and grade levels have been added over the past years. Currently, Colo-

rado tests all students in grades three through ten in reading, writing, and math. Fifth, eighth

and tenth graders are also tested in science.

Since the inception of the CSAP, Douglas County School District has performed well above the

state average at every grade and in every content area. Moreover, the district has shown

small but steady improvement, in spite of a rapidly growing enrollment, which has increased by

approximately 2,300 students each year. Compared to 2005, district CSAP results for 2006

were the same or higher in 17 of 25 tests and showed no significant decline.

School Accountability Reports

The State of Colorado uses CSAP results when determining school ratings on the School Ac-

countability Reports. These were issued for the first time in 2001. For the 2005-2006 school

year, ninety-three percent of the Douglas County schools earned an Academic Performance

rating of Excellent or High, and ninety-five percent received an Academic Growth rating of Sta-

ble, Improvement or Significant Improvement.

DISTRICT CSAP MATH SCORES

Percent of Students At or Above Proficient

"0" indicates test did not exist

100

PERCENT

2002

0 0 73 74 60 59 53 38

2003

0 0 75 73 63 58 50 44

2004

0 0 73 75 59 61 49 39

2005

81 82 80 77 68 61 51 44

2006

85 85 82 77 66 66 54 43

Grade 3 Grade 4 Grade 5 Grade 6 Grade 7 Grade 8 Grade 9 Grade 10

College Entrance Exams

The ACT or the American College Testing assessment measures academic achievement in

English, mathematics, reading, and science reasoning abilities. During the 2000-2001 school

year, the state of Colorado added the ACT to its testing program. All eleventh grade students

in Colorado are now required to take this test. Douglas County students regularly score above

both the state and national average on the ACT. Test results released in 2006, show that the

district continued to score above the state average.

The SAT or the Scholastic Assessment Test measures verbal and math reasoning abilities.

While it is the most widely taken standardized college entrance test in the United States, far

fewer students in Colorado and Douglas County take this test than take the ACT. This fact is

reflected in the scores. Overall, Douglas County students do score above the national

average, but their results tend to be slightly below those of the State of Colorado.

Summary

Results from all these tests validate what the district is doing well and point to where improve-

ment is needed. Individual schools use this information in setting specific goals for school im-

provement. This information, gathered over time, gives the district a good picture of how well

our students are meeting state and district academic content standards.

11th Grade ACT Composite Scores

of a possible score of 36

Composite Scores

Colorado

18.8 19 18.8 19 19

Douglas County

20.6 20.7 20.8 21 20.9

Class of 2002 Class of 2003 Class of 2004 Class of 2005 Class of 2006

FY 2007-2008 BUDGET / STAFFING CALENDAR

November 2006:

Pupil Count Complete Fri, November 10

Cabinet: 5-Year Projections Re: Election Results Mon, November 13

DAC Finance/Budget Subcommittee Meeting Thurs, November 16th

BOE – EUR: Legal: 1Q’07 Quarterly Budget Variance Report Tues, November 21

December 2006:

Open Enrollment Commences Fri, December 1

PHS Feeder Budget Training Mon, December 4

Budgeting for Results Training for Departments Tues, December 5

CVHS/DCHS Feeder Budget Training Mon, December 11

CHS Feeder Budget Training Tues, December 12

Budgeting for Results Training for Departments Tues, December 12

Budgeting for Results Training for Departments Wed, December 13

RCHS Feeder Budget Training Wed, December 13

BOE – EUR: Legal: Certify Mill Levy for 2006 Property Taxes Due in 2007 Wed, December 13

Cabinet: Budget Work Session #1 Mon, December 18

Excel “Budgeting for Results” Worksheets available in shared folder Wed, December 27

Official Pupil Count Complete Fri, December 29

Planning Department’s Enrollment Projections (by school and by grade level) Fri, December 29

January 2007:

Individual Department Work with Budget Rep Month of January

Open Enrollment Closes Mon, January 15

Mid-Year Report Due to Departments Wed, January 24

DAC Finance/Budget Subcommittee Meeting Thurs, January 25th

Cabinet: Budget Work Session #2 Mon, January 29

E-Learning DVD Available for SBB Tues, January 30

February 2007:

PSB Budget Worksheet Available from Oracle Fri, February 2

Administrators’ Meeting: Budget Update Thurs, February 8

Excel Worksheets for Department Budgets Due Electronically to Budget Office Fri, February 9

Public Sector Budget Open Lab for Departments Tues, February 13

Public Sector Budget Open Lab for Departments Fri, February 16

HR Staffing Meetings with School Principals Tues-Fri, February 13

-16

BOE – EUR: Legal: 2Q’07 Budget Variance Report Tues, February 20

Public Sector Budget Open Lab for Departments Wed, February 21

Inflation Rate for School Total Program Funding Wed, February 21

DAC Finance/Budget Subcommittee Meeting Thurs, February 22

Childcare Budget Training Thurs, February 22

PSB Budget Training for Schools Fri, February 23

Director Level Ranking complete and given to Cabinet Member Fri, February 23

Public Sector Budget Open Lab for Departments Tues, February 27

March 2007:

Pupil Count Numbers Available Thurs, March 1

SBB Worksheets with Final Pupil Count Numbers Available to Schools Thurs, March 1

Public Sector Budget Open Lab for Schools Fri, March 2

PSB Department Worksheets Submitted Fri, March 2

PROPOSED 2007-2008 BUDGET / STAFFING CALENDAR CONT..

March 2007: (Cont…)

Cabinet: Review Preliminary FY ‘07-‘08 Budget Mon, March 5

Public Sector Budget Open Lab for Schools Tues, March 6

Public Sector Budget Open Lab for Schools Fri, March 9

Public Sector Budget Open Lab for Schools Tues, March 13

Public Sector Budget Open Lab for Schools Fri, March 16

Cabinet Level Ranking complete for discussion in Cabinet Fri, March 16

Cabinet: Review Preliminary FY ‘07-‘08 Budget and discuss ranking lists Mon, March 19

BOE – FY 2007-08 Budget Update Tues, March 20

Public Sector Budget Open Lab for Schools Tues, March 20

DAC Finance/Budget Subcommittee Meeting Thurs, March 22

Public Sector Budget Open Lab for Schools Fri, March 23

All PSB Budget Worksheets Submitted to Director of Schools Fri, March 23

April 2007:

All PSB Budget Worksheets Submitted to Cabinet Members Fri, April 6

Public Budget Hearing

ues, April 10

All PSB Budgets Due from Cabinet Members to Budget Office Fri, April 13

Cabinet: Review Preliminary FY ‘07-‘08 Budget Mon, April 16

BOE – Preliminary FY 2007-08 Budget Information Tues, April 17

Preliminary Numbers from Oracle Thurs, April 19

Final Rankings from Cabinet Mon, April 23

DAC Finance/Budget Subcommittee Meeting Thurs, April 26th

May 2007:

Cabinet: Review Preliminary FY ‘07-‘08 Budget Mon, May 7

Administrators’ Meeting: Budget Update Thurs, May 10

BOE – EUR: Legal: 3Q’07 Budget Variance Report Tues, May 15

BOE – Present Proposed FY’07-’08 Budget Tues, May 15

June 2007:

BOE – EUR: Legal: FY’07-’08 Budget Adoption and Appropriation Resolutions Tues, June 19

Business Services: Publish Adopted Budget Wed, June 20

July 2007:

BOE – EUR: EL 1.6.1 Legal and Fiscal Responsibilities Tues, July 17

August 2007:

Receive County Assessment Certification Fri, August 24

September 2007:

BOE – EUR: Legal: 4Q’07 Budget Variance Report Tues, Sept 18

October 2007:

Official Pupil Membership Count Commences Mon, October 1

BOE – EUR: Legal: Revised FY’07-’08 Budget and Appropriation Resolutions Tues, October 2

Business Services: Publish Revised Budget Wed, October 3rd

LEGEND:

BOARD OF EDUCATION MEETINGS

DAC FINANCE/BUDGET SUBCOMMITTEE MEETINGS

BUDGET TRAININGS

GENERAL FUND FIVE YEAR FINANCIAL PROJECTION

REVENUES

Adopted

Budget

2007-08

DCSD FPC

50,063

BEGINNING FUND BALANCE

35,930,535

REVENUES

Local Taxes:

100% Property Tax - Formula 112,317,708

Net Property Tax Receipts (564,123)

1989 Budget Override 2,013,000

1997 Budget Override 9,700,000

2003 Budget Override 17,000,000

Nov 2006 Budget Override 5,000,000

Nov 2009 Budget Override -

Specific Ownership Taxes - In Formula 11,272,304

Specific Ownership Taxes - Out 8,730,477

Subtotal - Local Tax Revenues 165,469,366

Intergovernmental

Equalization Entitlements 176,441,934

Amendment 23 Funding (Inflation plus 1%) 21,008,835

Transportation

3,456,471

Special Education 3,175,273

New REF C Dollars 2,879,907

Vocational Education 900,000

Gifted & Talented 410,968

Other

266,487

Subtotal - Intergovernmental Revenues 208,539,875

Other Local Revenue

General Fund Interest 1,020,863

Charter School Reimbursement Revenue 2,681,511

Transfers In

2,000,000

Other Taxes

46,529

Transportation Fees 436,587

Instructional Material Fees 478,155

Preschool Tuition 2,042,897

Summer School Tuition 1,416,519

Student Fees

1,921,808

Rentals

809,076

Revenue From Sales 1,413,472

Donations

1,779,676

Misc

3,322,851

Subtotal - Other Local Revenue 19,369,945

TOTAL REVENUES $ 393,379,185

Total Program Funding $ 321,040,781

Projected Projected

2008-09 2009-10 2010-11 2011-12

52,763 55,463 58,163 60,863

24,024,984

21,365,237

23,116,822

38,588,391

117,933,593

127,368,281

133,736,695

143,900,683

(879,880)

(936,488)

(974,698)

(1,035,682)

2,013,000 2,013,000

9,700,000

17,000,000

5,000,000

8,000,000

11,601,965

12,112,638

12,542,927

13,031,557

8,985,801

9,381,321

9,714,583

10,093,031

171,354,479

181,638,752

196,732,507

207,702,589

196,591,425

215,754,939

239,739,732

301,183,695

26,208,711

32,238,706

39,081,271

3,626,925

3,873,064

4,119,203

4,365,342

3,307,403

3,439,532

3,571,662

3,703,792

2,992,016

3,041,572

3,114,216

3,204,543

945,000

992,250

1,041,863

1,093,956

431,516

453,092

475,747

499,534

279,811

293,802

308,492

323,916

234,325,573

260,023,575

291,380,452

314,294,429

1,122,949

1,235,244

1,358,769

1,494,646

2,761,957

2,844,815

2,930,160

3,018,065

1,600,000

48,855

51,298

53,863

56,556

468,350

500,113

531,877

563,640

509,206

540,257

571,308

602,359

2,042,521

2,288,971

2,535,422

2,781,873

1,548,452

1,689,883

1,831,314

1,972,745

2,185,335

2,363,426

2,541,518

2,719,610

900,712

992,348

1,083,985

1,175,621

1,484,146

1,558,353

1,636,271

1,718,084

1,850,863

1,924,898

2,001,894

2,081,970

3,455,765

3,593,996

3,737,755

3,887,266

19,979,111

21,183,604

22,414,135

23,672,434

$ 425,095,660 $ 462,274,552

$ 509,946,962 $ 545,212,590

$ 352,335,694 $ 387,474,563

$ 425,100,625 $ 458,249,672

GENERAL FUND FIVE YEAR FINANCIAL PROJECTION

EXPENDITURES

Adopted

Budget

2007-08

DCSD FPC

50,063

EXPENDITURES

100 - Administrator 18,699,100

200 - Teachers, Subs & Interns

169,290,302

Certified Longevity/Knowledge Pay 1,789,000

300- Technical

4,916,560

400- Paraprofessional - Aides 18,023,806

500 - Office Support 15,276,758

600- Crfts, Trd, Ntrtn Srvcs & Cstdns 19,042,341

Non-Job Class Specific Adjustments: Longevity, Performance Pay, etc.

Subs (obj 120-127) 4,626,160

Pay for performance (164 - 198) 3,548,000

Separation/Severance161-163 240,000

Other Salaries 128-159 4,108,485

Salaries

259,560,512

0211 - Life Insurance 267,369

0213 - Long Term Disability (0.28% of covered payroll) 466,460

0221 - Medicare 3,606,214

0230 & 31 - PERA, Employers' Share (+0.4% in '07'-08) 28,200,333

Employee PERA Share (+.5% in 07-08) 648,901

0240 - College Credit Reimbursement 100,000

0251 - Medical Insurance (3.9%) 20,213,776

0252 - Dental Insurance (3.0%) 2,041,793

0253 - Vision Insurance (0%) 306,150

0290 - Administrator Benefits (remains $2,000/qlfd ee) 479,670

0293 - Quality Separation 1,672,121

Benefits

58,002,787

Operating

43,498,824

At Risk Student Grant

Charter School Transfer (based upon Charter's FPC x PPR) 19,607,135

Charter Schools' Share of '03 Override (@ $251/FPC) 568,515

Capital Reserve Fund Transfer 9,527,237

Insurance Reserve Transfer 5% increase per year 3,307,500

Student Athletic Fund Transfer 4,212,226

Fund 29 Transfer: Mill Levy Override Fund 5,000,000

LTE COP Payment

Contingency ~ Reserve for Schools 900,000

Contingency ~ General Operating (@ .3% Total Expenditures) 1,100,000

Total Annual Reductions

TOTAL EXPENDITURES $ 405,284,736

CHANGE IN FUND BALANCE

($ 11,905,551)

BEGINNING FUND BALANCE $ 35,930,535

ENDING FUND BALANCE $ 24,024,984

6.1%

Ending Fund Balance - as % of Total Revenues

Projected Projected

2008-09 2009-10 2010-11 2011-12

52,763 55,463 58,163 60,863

19,595,012

20,661,242

21,879,509

23,157,745

180,989,324

193,209,847

206,972,392

221,461,774

2,244,268

2,395,802

2,566,458

2,746,126

5,014,786

5,519,352

6,079,046

6,671,158

17,536,669

18,646,465

19,903,217

21,225,100

15,445,055

16,110,454

16,883,439

17,690,797

21,089,574

22,083,571

23,230,450

24,430,559

4,764,945

4,907,893

5,055,130

5,206,784

3,760,880

3,986,533

4,225,725

4,479,268

247,200

254,616

262,254

270,122

4,149,570

4,191,066

4,232,976

4,275,306

274,837,282

291,966,841

311,290,597

331,614,740

275,390

283,652

292,161

300,926

489,783

514,272

539,986

566,985

3,666,329

3,894,838

4,152,617

4,423,741

31,324,579

34,409,752

37,894,961

41,655,786

2,061,280

3,649,586

5,447,585

7,461,332

100,000

21,830,335

24,304,475

29,008,226

31,961,610

2,375,277

2,523,319

2,690,325

2,865,976

456,059

484,484

516,549

550,274

494,830

509,830

524,830

539,830

1,722,285

1,773,953

1,827,172

1,881,987

64,796,147

72,448,160

82,994,411

92,308,446

45,064,782

46,416,725

47,809,227

49,243,504

125,000

20,494,961

21,437,747

22,423,898

23,096,614

573,535

578,555

584,830

11,631,742 12,915,593

14,283,193 15,739,173

3,472,875 3,646,519

3,828,845 4,020,287

4,926,269

5,148,522

5,381,616

5,596,881

5,000,000

888,713

902,513

944,513

(4,000,000)

$ 427,750,529 $ 460,522,966

$ 494,475,393 $ 528,080,622

($ 2,654,869)

$ 1,751,586 $ 15,471,569 $ 17,131,968

$ 24,024,984 $ 21,365,237 $ 23,116,822 $ 38,588,391

$ 21,365,237 $ 23,116,822 $ 38,588,391 $ 55,720,359

5.0% 5.0% 7.6% 10.2%

ENDING FUND BALANCE AS A PERCENT OF TOTAL REVENUES

The Board has set the district’s goal of maintaining at least a five percent (5.0%) ending Fund

Balance as a percent of General Fund Total Revenues. The district has not dropped below

this minimum amount during the last three years nor does it expect to draw Total Revenues

below this threshold in the course of FY ‘08. Pursuant to district policy and practice the Fiscal

Year 2007-2008 Budget provides for an Ending Fund Balance in excess of five percent

(5.0%).

GENERAL FUND - FUND BALANCE HISTORY AND BUDGET

FY 2003-2004 ACTUAL TO FY 2007-2008 BUDGET

Estimated

Actual Actual Actual Actual Budget

2003-2004 2004-2005 2005-2006 2006-2007 2007-2008

Beginning Fund Balance $ 12,341,959 $ 26,026,441 $ 29,746,583 $ 34,885,681 $ 35,930,536

Total Revenue 283,585,720 303,053,948 326,303,746 359,459,493 393,379,185

Total Expense 269,901,238 299,333,806 321,164,648 358,414,638 405,284,736

Ending Fund Balance $ 26,026,441 $ 29,746,583 $ 34,885,681 $ 35,930,536 $ 24,024,985

Ending Fund Bal as % of Total Rev 9.2% 9.8% 10.7% 10.0% 6.1%

DOUGLAS COUNTY SCHOOL DISTRICT RE.1

BUDGETED GENERAL FUND STAFFING SUMMARY

June

Budgeted Budgeted Budgeted Budgeted Budgeted % of

FTE FTE FTE FTE FTE Total

Employee Group

2003-04

2004-05

2005-06

2006-07

2007-08

100-ADMINISTRATIVE STAFF

Total Administrative Staff

164.56 167.36 176.36 186.80 205.47 4.08%

200-CERTIFIED STAFF

Total Certified Staff

2,493.67 2,602.42 2,705.07 2,934.44 3,144.43 62.46%

300-PROFESSIONAL/TECHNICAL STAFF

Total Professionl/Technical Staff

69.17 82.72 87.72 70.23 68.93 1.37%

400-600 CLASSIFIED STAFF

Total 400 - Clerical Staff 521.21 528.96 532.96 556.61 646.98 12.85%

Total 500 - School Office/Instr Support 292.20 302.50 304.10 370.54 413.25 8.21%

Total 600 - Support Services 462.17 495.42 540.92 566.94 555.25 11.03%

GRAND TOTAL

4,002.98 4,179.38 4,347.13 4,685.56 5,034.31 100.00%

GENERAL FUND REVENUES

FY 2003-2004 ACTUAL TO FY 2007-2008 BUDGET

Actuals Actuals

2003-2004 2004-2005

REVENUES

Local Taxes:

100% Property Tax - Formula 86,915,503

91,627,991

Net Property Tax Receipts (1,032,278)

(422,956)

1989 Budget Override 2,013,000 2,013,000

1997 Budget Override 9,700,000

9,700,000

2003 Budget Override 17,000,000

17,000,000

Nov 2006 Budget Override -

Specific Ownership Taxes - In Formula 9,674,071

9,677,624

Specific Ownership Taxes - Out 7,131,651

7,779,714

Subtotal - Local Tax Revenues 131,401,947

137,375,373

Intergovernmental

Equalization Entitlements 126,761,184

135,282,440

Amendment 23 Funding (Inflation plus 1%) 6,520,211

9,299,965

Transportation 2,512,093

2,698,174

Special Education 2,623,165

2,844,595

New REF C Dollars -

Vocational Education 824,641

947,199

Gifted & Talented -

Other

457,714

608,370

Subtotal - Intergovernmental Revenues 139,699,008

151,680,743

Other Local Revenue

General Fund Interest 91,997

380,874

Charter School Reimbursement Revenue 1,656,356

1,694,793

Transfers In 640,778

294,520

Other Taxes 41,696

42,203

Transportation Fees 314,856

343,239

Instructional Material Fees 366,895

383,093

Preschool Tuition 1,366,355

1,197,368

Summer School Tuition 999,573

942,760

Student Fees 2,841,643

2,968,266

Rentals

491,996

507,514

Revenue From Sales 825,399

951,889

Donations 1,281,639

1,778,183

Misc

1,565,482

1,976,860

Reserve from Other Funds -

Subtotal - Other Local Revenue 12,484,665

13,461,562

TOTAL REVENUES $ 283,585,620 $ 302,517,678

Estimated Proposed Adopted

Actuals Actual Budget Changes Budget

2005-2006 2006-2007 2007-2008 2007-2008

97,978,600

103,069,695

112,317,708

(857,345)

(31,139)

(846,184)

282,061

(564,123)

2,013,000

2,013,000 2,013,000 -

2,013,000

9,700,000

17,000,000

5,000,000

10,049,420

9,861,138

11,272,304

7,854,021

8,529,136

8,730,477

143,737,696

155,141,830

165,187,305

282,061

165,469,366

145,456,412

177,436,733

175,023,442

1,418,492

176,441,934

12,587,681

20,924,904

83,931

21,008,835

2,708,670

3,233,294

3,286,500

169,971

3,456,471

2,934,761

2,995,278

3,162,718

12,555

3,175,273

2,281,568

2,656,190

2,835,184

44,723

2,879,907

1,776,815

537,036

800,000

100,000

900,000

477,009

410,968

667,941

253,797

266,487

168,413,848

187,589,337

206,710,203

1,829,672

208,539,875

800,235

887,707

976,478

44,385

1,020,863

1,935,492

1,982,067

2,681,511

403,000

1,900,000

1,076,478

923,522

2,000,000

29,423

46,529

377,138

403,005

433,594

2,993

436,587

406,686

469,342

475,283

2,872

478,155

1,246,307

1,469,182

1,457,091

585,806

2,042,897

1,206,041

1,326,402

1,380,815

35,704

1,416,519

1,566,321

1,882,047

2,229,031

(307,223)

1,921,808

610,469

659,686

800,584

8,492

809,076

931,702

1,480,415

1,413,472

1,999,474

1,297,152

1,791,264

(11,588)

1,779,676

1,639,914

2,971,321

1,705,511

1,617,340

3,322,851

1,000,000

14,152,202

16,728,326

16,467,641