DOUGLAS COUNTY SCHOOL DISTRICT RE 1

PROPOSED FINANCIAL PLAN AND BUDGET

FISCAL YEAR 2009-2010

EXECUTIVE SUMMARY

June 16, 2009

Presented to the Board of Education

Castle Rock, Colorado

This page intentionally left blank

Table of Contents

Douglas County School District Re. 1

Executive Summary

Members of Cabinet and Board of Education........... ..... 6

Superintendent’s Letter ......................... ................. ..... 7

Mission, Core Values and Governance.. ................. ..... 8

Key End Statements............................... ................. ..... 9

Overview of Revenues and Expenditures by Fund .. ..... 10-11

Revenues ............................................... ................. ..... 12-13

Expenditures ......................................... ................. ..... 13

Budget Process Calendar FY 2009-2010 ................ ..... 14-15

General Fund Five Year Projection ........ ................. ..... 16-19

General Fund Revenues ........................ ................. ..... 20-21

General Fund Expenses......................... ................. ..... 22-23

General Fund Summary ......................... ................. ..... 24

Other Funds Budgets

Debt Services Fund........................... ................. ..... 27

Building Fund .................................... ................. ..... 28

Capital Reserve Fund........................ ................. ..... 29

Capital Reserve Detail Budget .......... ................. ..... 30

eDCSD Fund ..................................... ................. ..... 31

Governmental Designated-Special Revenue Fund ... 32-33

School Discretionary Fund ................ ................. ..... 34

Nutrition Services Fund ..................... ................. ..... 35

Child Care Fund ................................ ................. ..... 36

Private Purpose Trusts Fund............. ................. ..... 37

Pupil Activity Fund............................. ................. ..... 38

Medical Self-Insurance Fund............. ................. ..... 39

Insurance Reserve Fund ................... ................. ..... 40

Athletic and Activities Fund ............... ................. ..... 41

Mil Levy Override Fund ..................... ................. ..... 42

Charter Schools................................. ................. ..... 43-51

Financial Plan and Budget for Fiscal Year 2009-2010 Executive Summary

This page intentionally left blank

EXECUTIVE

SUMMARY

DOUGLAS COUNTY SCHOOL DISTRICT, Re. 1

Colorado

Kristine Turner

President

District E

Emily Hansen

Vice President

District G

Ryan J. Stuart

Director

District A

John Carson

Director

District B

Clifton Stahl

Director

District C

Timothy White

Director

District D

Justin G. Williams

Director

District F

David Hart

Treasurer

Nona Eichelberger

Secretary

Anita Gregg

Assistant Secretary

BOARD OF EDUCATION

MEMBERS OF CABINET

Dr. Jim Christensen

Superintendent

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

Executive Director of Enterprise and Strategic

Partnerships

Darci Mohr

Staff Counsel

Whei Wong

Director of Communications

Randy Weldon

Chief Information Officer

Brenda Smith

Douglas County Teacher Representative

Tiffany Osland

Douglas County Classified Representative

Gary Schweers

Douglas County ATU Representative

Anita Gregg

Administrative Assistant to the Superintendent

Nona Eichelberger

Secretary to the Board of Education

FY 2009-2010

Mission Statement

The vision of the Douglas County School District is to help students acquire the knowledge and

abilities to be responsible citizens who contribute to our society.

MISSION, CORE VALUES AND GOVERNANCE

•

BOARD’S PURPOSE

On behalf of the

citizens of Douglas County School

District, the purpose of the Board of

Education is to assure that the District (a)

achieves appropriate results for

appropriate persons at an appropriate

cost, and (b) avoids unacceptable

actions and situations.

•

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.”

•

END STATEMENTS:

Douglas County

School District students acquire the

knowledge and abilities to be responsible

citizens who contribute to our society.

•

EXECUTIVE LIMITATIONS

The

Superintendent shall not cause or allow

any practice, activity, decision or

organizational circumstance that is

unlawful, imprudent or in violation of

commonly accepted business and

professional ethics.

BOARD OF EDUCATION

POLICY GOVERNANCE

Educational Excellence

Human Diversity

Continuous Improvement

Ethical Behavior

Shared Responsibility

Productive Effort

Individual Potential

Lifelong Learning

Core Values

Learn today. Lead tomorrow.

Board of Education End Statement

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 lead with integrity to influence the future.

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.

1.7 Students demonstrate the essential skills of reading, writing, listening, speaking and

numeracy.

1.8 Students have an understanding of a core body of knowledge in:

Science

Information Literacy

Social Studies

World Languages

Literature and “Great Works” Across All Content Areas

Physical Education and Health

Personal Business and Finance

Math

1.9 Students are exposed to the fine arts.

1.10 Students explore chosen areas beyond the liberal arts foundation that may expand

future opportunities.

The

Financial Plan and Budget for Fiscal Year 2009-2010

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 2010 Budget, per-pupil revenue calculations are based upon a funded

pupil count (“FPC”). The FPC in fiscal year 2008-2009 (“FY’09”) was 55,308. For fiscal year

2009-2010 (“FY’10”) the Budget’s FPC is 56,945 (this includes 53,718 for regular District

students and 3,227 for online students). Note, when calculating the District’s FPC,

kindergarten children count as 0.58 funded pupils due to their half-day classes. The State is

working towards increasing funding for full day kindergarten programs over a multi-year period.

The 2010 Budget estimates total revenues of all District funds for FY’10 to be $655,405,301

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

OVERVIEW OF REVENUES AND EXPENDITURES BY FUND

2009 Alloc Percent of 2010 Alloc Percent of

Fund Budget Per Pupil Budget Budget Per Pupil Budget

General Fund 449,242,880

$ 7,975

$ 71.8% 466,102,256

$ 8,185

$ 71.1%

Debt Service/Bond Redemption Fund 60,950,324

1,082

9.7% 67,760,527

1,190

10.3%

Building Fund 3,500,000

0.6% 1,500,000

0.2%

Capital Reserve Fund 12,264,919

218

2.0% 14,450,620

254

2.2%

eDCSD Fund -

0.0% 1,992,300

0.3%

Govtl Designated Purpose Grant Fund 11,105,690

197

1.8% 15,646,514

275

2.4%

School Discretionary Fund 2,947,234

0.5% 1,668,000

0.3%

Nutrition Services Fund 13,016,653

231

2.1% 16,599,863

292

2.5%

Child Care Fund 9,787,771

174

1.6% 9,489,398

167

1.4%

Private Purpose Trusts 100,000

0.0% 52,000

0.0%

Pupil Activity Fund 3,359,000

0.5% 3,715,000

0.6%

Medical Self-Insurance Fund 40,479,113

719

6.5% 43,694,440

767

6.7%

Insurance Reserve Fund 2,722,875

0.4% 2,856,296

0.4%

Athletics and Activities Fund 11,126,190

198

1.8% 8,720,835

153

1.3%

Mil Levy Override Fund 5,000,000

0.8% 1,157,252

0.2%

TOTAL 625,602,649

$ 11,106

$ 100.0% 655,405,301

$ 11,509

$ 100.0%

FY'10

REVENUES BY FUND

FY'09

The 2010 Budget estimates total expenditures of all District funds for FY’10 to be

$722,221,486. The table below summarizes the total budgeted expenses 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’10 Beginning Fund Balance which

requires a Board of Education Resolution. In such instances, the fund’s FY’10 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..

2009 Alloc Percent of 2010 Alloc Percent of

Fund Budget Per Pupil Budget Budget Per Pupil Budget

General Fund 451,390,619

$ 8,013

$ 62.6% 476,977,336

$ 8,376

$ 66.0%

Debt Service/Bond Redemption Fund 60,824,228

1,080

8.4% 61,047,544

1,072

8.5%

Building Fund 93,889,601

1,667

13.0% 61,397,721

1,078

8.5%

Capital Reserve Fund 13,502,251

240

1.9% 15,268,246

268

2.1%

eDCSD Fund -

0.0% 1,892,685

0.3%

Govtl Designated Purpose Grant Fund 11,290,810

200

1.6% 15,646,514

275

2.2%

School Discretionary Fund 2,603,427

0.4% 1,704,000

0.2%

Nutrition Services Fund 13,005,249

231

1.8% 16,292,156

286

2.3%

Child Care Fund 10,183,606

181

1.4% 9,489,398

167

1.3%

Private Purpose Trusts 82,800

0.0% 52,000

0.0%

Pupil Activity Fund 3,000,000

0.4% 3,076,000

0.4%

Medical Self-Insurance Fund 40,479,113

719

5.6% 43,694,440

767

6.1%

Insurance Reserve Fund 3,833,730

0.5% 3,839,312

0.5%

Athletics and Activities Fund 11,276,190

200

1.6% 8,720,579

153

1.2%

Mil Levy Override Fund 5,976,420

106

0.8% 3,123,555

0.4%

TOTAL 721,338,044

$ 12,805

$ 100.0% 722,221,486

$ 12,683

$ 100.0%

FY'10

EXPENDITURES BY FUND

FY'09

District revenues are divided into:

Local

Tax Revenues

Intergovernmental Revenues

, and

Other Local Revenues

. The District’s

Tax Revenues

are principally derived from Property

Tax and Specific Ownership Tax receipts. FY 2009-2010 Property Taxes are calculated by

applying the forecasted December 2009 mil levy upon the 2009 assessed valuation of residen-

tial and commercial property within the District. Specific Ownership Tax Revenue for FY 2009-

2010 is estimated at $19.0 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

2009-2010 the District’s total program funding on a per-pupil basis is projected to increase to

$6,953, which is a 4.9% increase in the base per-pupil amount over FY 2008-2009. The

State’s portion of School Finance Act revenues is projected to be $274.2 million.

General Fund Revenues by Type

$172,708,918

$19,200,162

$274,193,176

Tax Revenues

Intergovernmental

Other Local Revenues

Revenues

GF Expenses by Objects

17%

10%

56%

Salaries $264,049,970

Benefits $82,882,542

Charter $45,968,709

Operating $45,269,534

Transfers $21,418,640

Contingency $17,387,941

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 pro-

grams designed to serve a select group of students or certain student needs. The District re-

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

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

these programs is budgeted at $11.3 million for FY 2009-2010.

Expenditures

Salaries

and

Benefits

account for the largest component of General Fund expenditures at

73% of total.

Contingency

is comprised of $7.7M for Fiscal Emergency Reserve, $5.0M

General Operating, $2.5M for Schools/Departments Carry-forward and $2.2M for Full Day

Kindergarten programs.

Other Local Revenues

total $19.2 million. Other Local Revenues are comprised of District-

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

and interest earnings. Examples of Charges-for-Services include: rentals, fees for transporta-

tion, instructional materials and tuition.

JULY 2008

♦

July 1

- Beginning of Fiscal Year 2008-2009.

AUGUST 2008

♦

August 13 -

Budget Department Work Session to discuss

budget processes for FY 2009-2010.

♦

August 25 -

Receive County Assessment Certification.

SEPTEMBER 2008

♦

Budget Department to begin preliminary work on FY 2009-2010

Budget.

OCTOBER 2008

♦

October 1 -

Official Pupil Membership Count commences.

DECEMBER 2008

♦

December 1 -

Open Enrollment Commences.

♦

December 2 -

Revised FY 2008-2009 Budget presented to

Board of Education.

♦

December 31 -

Planning Department’s enrollment projections

(by school and grade level).

DOUGLAS COUNTY SCHOOL DISTRICT

BUDGET PROCESS CALENDAR FOR FY 09-10 BUDGET

NOVEMBER 2008

♦

November 10 -

Pupil Count due to Colorado Department of

Education.

July 2008

August 2008

September 2008

October 2008

November 2008

December 2008

JANUARY 2009

♦

Worksheets made available to departments.

♦

Departments work with budget rep during the month.

♦

January 15 -

Open enrollment closes.

♦

January 20 -

Executive Limitation 1.5: Financial Planning and

Budgeting.

♦

Department budgets due electronically to Budget Department

by end of month.

FEBRUARY 2009

♦

Student Based Budget training for schools.

♦

Human Resources to hold staffing meetings with schools.

♦

February 20 -

Inflation Rate for School Total Program Funding.

MARCH 2009

♦

Childcare Budget Training and open labs scheduled for

schools.

♦

March 2 -

Final Pupil count numbers available.

♦

Cabinet updates on FY 2009-2010 Budget.

♦

All department and school budgets finalized and submitted in

Oracle System.

APRIL 2009

♦

Public Budget Hearing.

♦

Cabinet to review Preliminary FY 2009-2010 Budget.

♦

April 21 -

Present Preliminary FY 2009-2010 Budget to Board

of Education.

MAY 2009

♦

Cabinet to review Proposed FY 2009-2010 Budget.

♦

May 19 -

Present Proposed FY 2009-2010 Budget to Board of

Education.

♦

Public Notice for Proposed Budget is on file.

JUNE 2009

♦

June 16 -

FY 2009-2010 Financial Plan and Budget Adopted

by the Board of Education.

♦

June 17 -

Publish Adopted FY 2009-2010 Financial Plan and

Budget.

♦

June 19 -

Certify Pupil Count to Colorado Department of

Education.

DOUGLAS COUNTY SCHOOL DISTRICT

BUDGET PROCESS CALENDAR FOR FY 09-10 BUDGET

January 2009

February 2009

March 2009

April 2009

May 2009

June 2009

GENERAL FUND FIVE YEAR FINANCIAL PROJECTION

REVENUES

Adopted

Budget

2009-10

BEGINNING FUND BALANCE

$15,836,146

REVENUE

Local Taxes:

Property Tax - In Formula 121,566,250

Property Tax - Out (1,572,792)

Budget Overrides 33,713,000

Specific Ownership Taxes - In Formula 11,357,363

Specific Ownership Taxes - Out 7,645,097

Subtotal - Local Tax Revenue 172,708,918

Intergovernmental Revenue

Equalization Entitlements 262,490,820

Transportation 4,108,533

Special Education 6,621,941

Vocational Education 216,514

Gifted & Talented 461,846

Other 293,522

Subtotal - Intergovernmental Revenue 274,193,176

Other Local Revenue

General Fund Interest 460,000

Charter School Reimbursement Revenue 3,972,645

Transfers In 910,000

Transportation Fees 477,817

Instructional Material Fees 491,723

Tuition (Preschool - Summer School) 3,713,573

Student Fees 2,085,193

Rentals 828,000

Revenue from Sales 1,484,146

Donations 1,850,863

Miscellaneous 2,926,202

Reserve from Other Funds -

Subtotal - Other Local Revenue 19,200,162

TOTAL REVENUE

466,102,256

Total Program Funding

395,952,002

Projected Projected Projected Projected

Budget Budget Budget Budget

2010-11 2011-12 2012-2013 2013-14

$4,961,066 $8,124,087 ($501,186) ($16,618,741)

123,997,575 131,437,429 134,066,178 142,110,149

(1,597,106) (1,671,504) (1,697,792) (1,778,231)

33,713,000 33,713,000 33,713,000 33,713,000

10,567,411 12,024,432 12,314,076 12,618,507

11,062,611 10,146,340 10,410,965 10,674,661

177,743,491 185,649,697 188,806,427 197,338,086

276,185,783 280,263,341 292,061,701 301,136,015

4,149,618 4,170,366 4,224,581 4,313,297

6,688,160 6,721,600 6,808,981 6,951,970

218,679 219,772 222,629 227,304

466,464 468,796 474,890 484,863

296,457 297,939 301,812 308,150

288,005,161 292,141,814 304,094,594 313,421,599

469,200 478,584 488,156 497,919

4,052,098 4,133,140 4,215,803 4,300,119

910,000 910,000 910,000 910,000

487,373 497,120 507,062 517,203

501,557 511,588 521,820 532,256

3,787,845 3,863,602 3,940,874 4,019,692

2,126,897 2,169,435 2,212,824 2,257,080

844,560 861,451 878,680 896,254

1,513,829 1,544,106 1,574,988 1,606,488

1,850,863 1,850,863 1,850,863 1,850,863

2,926,202 2,926,202 2,926,202 2,926,202

19,470,424 19,746,091 20,027,272 20,314,076

485,219,076 497,537,602 512,928,293 531,073,761

410,750,769 423,725,202 438,441,955 455,864,671

GENERAL FUND FIVE YEAR FINANCIAL PROJECTION

EXPENDITURES

Adopted

Budget

2009-10

EXPENDITURES

Salaries

Administrator 17,459,511

Teachers, Counselors, Certified 171,563,825

Technical 4,349,462

Paraprofessional - Aides 19,322,483

Office Support 14,561,614

Crafts, Trade, Nutrition & Custodians 20,581,036

Non-Job Class Specific Salaries

Substitutes 4,287,819

Pay for Performance 4,139,910

Longevity/Certified Knowledge Pay 3,400,000

Separation/Severance 240,000

Other Salaries 4,144,310

Subtotal - Salaries 264,049,970

Benefits

Life Insurance 298,374

Long Term Disability 473,255

Medicare 3,877,552

PERA, Employers' Share 35,860,130

College Credit Reimbursement 100,000

Medical Insurance 30,006,970

Dental Insurance 2,221,039

Vision Insurance 318,860

Evaluation Incentives 498,851

Early Retirement 8,027,511

Quality Seperation 1,200,000

Subtotal - Benefits 82,882,542

Operating 45,269,534

Charter School Transfer 45,968,709

Capital Reserve Fund Transfer 12,575,620

Insurance Reserve Fund Transfer 2,856,296

Athletic & Activities Fund Transfer 4,829,472

Mil Levy Override Fund Transfer 1,157,252

Contingency ~ Reserve for Schools 2,500,000

Contingency ~ Full-Day Kindergarten Prog 2,186,344

12,701,597

TOTAL EXPENDITURES

476,977,336

CHANGE IN FUND BALANCE

(10,875,080)

BEGINNING FUND BALANCE

15,836,146

ENDING FUND BALANCE

$4,961,066

Ending Fund Balance

1.23%

Contingency ~ General/Fiscal Emergency Reserve

Projected Projected Projected Projected

Budget Budget Budget Budget

2010-11 2011-12 2012-2013 2013-14

18,006,239 18,566,312 19,291,855 20,199,591

177,776,836 185,433,223 194,205,044 204,552,165

4,585,494 4,852,350 5,168,682 5,542,110

19,784,330 20,384,596 21,165,768 22,145,809

15,014,399 15,554,819 16,237,592 17,078,662

21,254,024 21,982,189 22,909,671 24,058,037

4,355,526 4,442,180 4,551,576 4,692,121

4,139,910 4,160,610 4,214,698 4,303,207

3,400,000 3,400,000 3,400,000 3,400,000

240,000 241,200 244,336 249,467

4,144,310 4,165,032 4,219,177 4,307,780

272,701,068 283,182,511 295,608,399 310,528,949

303,414 308,591 312,899 316,732

476,602 491,804 505,474 518,460

3,973,993 4,125,973 4,306,149 4,522,497

39,205,687 43,253,177 47,802,388 50,271,739

100,000 100,000 100,000 100,000

34,714,783 38,856,362 43,350,878 48,278,633

2,346,339 2,507,733 2,671,354 2,840,449

330,173 345,375 360,244 371,518

504,851 508,851 512,851 516,851

1,200,000 1,200,000 1,200,000 1,200,000

83,155,842 91,697,866 101,122,237 108,936,879

48,129,021 51,221,962 55,136,597 59,509,090

46,114,976 47,472,800 43,873,829 39,238,686

13,143,846 13,609,525 14,131,824 14,735,645

2,884,859 2,899,283 2,936,974 2,998,650

5,082,847 5,235,332 5,392,392 5,554,164

1,157,252 1,157,252 1,157,252 1,157,252

2,500,000 2,500,000 2,500,000 2,500,000

2,186,344 2,186,344 2,186,344 2,186,344

5,000,000 5,000,000 5,000,000 5,000,000

482,056,055 506,162,875 529,045,848 552,345,659

3,163,021 (8,625,273) (16,117,555) (21,271,898)

4,961,066 8,124,087 (501,186) (16,618,741)

$8,124,087 ($501,186) ($16,618,741) ($37,890,639)

1.92% -0.12% -3.68% -7.99%

GENERAL FUND REVENUES

FY 2005-2006 ACTUAL TO FY 2009-2010 BUDGET

Actual Actual

2005-2006 2006-2007

BEGINNING FUND BALANCE

$29,746,584 $34,885,682

REVENUE

Local Taxes:

Property Tax - In Formula 97,978,600 103,069,695

Property Tax - Out (857,345) (1,160,424)

Budget Overrides 28,713,000 33,713,000

Specific Ownership Taxes - In Formula 10,049,420 9,861,138

Specific Ownership Taxes - Out 7,854,021 8,693,724

Subtotal - Local Tax Revenue 143,737,696 154,177,133

Intergovernmental Revenue

Equalization Entitlements 158,044,093 177,436,733

Transportation 2,708,670 3,233,294

Special Education 5,216,329 5,691,776

Vocational Education 1,776,815 274,258

Gifted & Talented -

484,347

Other 667,941 243,727

Subtotal - Intergovernmental Revenue 168,413,848 187,364,135

Other Local Revenue

General Fund Interest 800,235 1,288,196

Charter School Reimbursement Revenue 1,935,492 2,346,020

Transfers In 403,000 1,828,808

Transportation Fees 377,138 429,017

Instructional Material Fees 406,686 428,088

Tuition (Preschool - Summer School) 2,452,348 2,788,440

Student Fees 1,566,321 1,741,038

Rentals 610,469 608,285

Revenue from Sales 931,702 1,301,423

Donations 1,999,474 1,168,427

Miscellaneous 1,669,337 2,664,859

Reserve from Other Funds 1,000,000 -

Subtotal - Other Local Revenue 14,152,202 16,592,601

TOTAL REVENUE

326,303,746 358,133,869

Total Program Funding

266,072,113 290,367,566

Estimated Proposed Adopted

Actual Actual Budget Budget

2007-2008 2008-2009 2009-2010 Change 2009-2010

$33,900,988 $16,920,287 $15,836,146 $15,836,146

115,680,956 119,882,245 121,566,250 -

121,566,250

598,509 (1,000,000) (1,572,792) -

(1,572,792)

33,713,000 33,713,000 33,713,000 -

33,713,000

10,237,096 11,005,919 11,357,363 -

11,357,363

9,487,534 9,581,847 7,645,097 -

7,645,097

169,717,095 173,183,011 172,708,918 -

172,708,918

191,877,072 236,707,639 262,490,820 -

262,490,820

4,028,933 3,916,619 4,108,533 -

4,108,533

6,335,372 6,312,623 6,621,941 -

6,621,941

(733,696) 206,400 216,514 -

216,514

440,272 440,273 461,846 -

461,846

356,032 279,811 293,522 -

293,522

202,303,985 247,863,365 274,193,176 -

274,193,176

1,033,093 460,000 460,000 -

460,000

2,332,937 3,678,375 3,972,645 -

3,972,645

708,720 700,000 910,000 -

910,000

466,912 477,817 477,817 -

477,817

450,393 491,723 491,723 -

491,723

3,553,636 3,713,573 3,713,573 -

3,713,573

1,832,334 2,085,193 2,085,193 -

2,085,193

604,634 644,013 644,013 183,987

828,000

1,640,299 1,484,146 1,484,146 -

1,484,146

2,047,407 1,850,863 1,850,863 -

1,850,863

3,277,267 3,455,765 3,110,189 (183,987)

2,926,202

17,947,632 19,041,468 19,200,162 -

19,200,162

389,968,712 440,087,844 466,102,256 -

466,102,256

317,795,124 367,595,803 395,952,002 -

395,952,002

GENERAL FUND EXPENSES

FY 2005-2006 ACTUAL TO FY 2009-2010 BUDGET

Actual Actual

2005-2006 2006-2007

EXPENDITURES

Salaries

Administrator 15,408,401 16,604,705

Teachers, Counselors, Certified 135,420,363 150,429,522

Technical 3,979,248 4,510,656

Paraprofessional - Aides 14,039,849 15,667,377

Office Support 11,461,648 13,244,502

Crafts, Trade, Nutrition & Custodians 16,063,218 18,380,022

Non-Job Class Specific Salaries

Substitutes 3,836,623 3,943,913

Pay for Performance 3,086,861 3,644,290

Longevity/Certified Knowledge Pay -

1,368,424

Separation/Severance 369,365 162,235

Other Salaries 5,072,112 5,487,939

Subtotal - Salaries 208,737,688 233,443,585

Benefits

Life Insurance 193,621 268,005

Long Term Disability 356,364 393,444

Medicare 2,780,191 3,117,697

PERA, Employers' Share 21,143,423 25,105,290

College Credit Reimbursement 98,128 85,764

Medical Insurance 17,553,878 19,299,846

Dental Insurance 1,588,806 1,890,736

Vision Insurance 276,038 317,362

Evaluation Incentives 373,705 3,667

Early Retirement -

Quality Seperation 1,184,018 2,079,769

Subtotal - Benefits 45,548,172 52,561,580

Operating 36,315,148 38,544,826

Charter School Transfer 15,265,950 18,454,087

Capital Reserve Fund Transfer 8,476,037 9,248,621

Insurance Reserve Fund Transfer 3,000,000 3,150,000

Medical Fund Transfer -

Athletic & Activities Fund Transfer 3,821,653 3,715,864

Mil Levy Override Fund Transfer -

Contingency ~ Reserve for Schools -

Contingency ~ Full-Day Kindergarten Prog -

TOTAL EXPENDITURES

321,164,648 359,118,563

CHANGE IN FUND BALANCE

5,139,098 (984,694)

BEGINNING FUND BALANCE

29,746,584 34,885,682

ENDING FUND BALANCE

$34,885,682 $33,900,988

Ending Fund Balance

10.69% 9.47%

Contingency ~ General/Fiscal Emergency Reserve

Estimated Proposed Adopted

Actual Actual Budget Budget

2007-2008 2008-2009 2009-2010 Change 2009-2010

18,067,660 18,651,784 17,459,515 (4) 17,459,511

169,433,671 174,180,646 171,531,431 32,394 171,563,825

4,717,912 4,865,538 4,349,462 -

4,349,462

18,434,114 19,229,235 19,394,804 (72,321) 19,322,483

14,551,350 15,160,111 14,561,614 -

14,561,614

19,164,143 21,210,095 20,581,036 -

20,581,036

4,153,157 4,293,225 4,287,819 -

4,287,819

4,238,819 2,885,257 4,139,910 -

4,139,910

1,552,892 2,400,000 3,400,000 -

3,400,000

325,068 240,000 240,000 -

240,000

5,560,174 4,482,015 4,144,492 (182) 4,144,310

260,198,960 267,597,906 264,090,083 (40,113) 264,049,970

296,876 276,427 298,423 (49) 298,374

442,606 482,682 473,331 (76) 473,255

3,503,157 3,867,184 3,878,141 (589) 3,877,552

29,388,337 33,344,552 35,865,501 (5,371) 35,860,130

92,197 100,000 100,000 -

100,000

21,869,644 26,068,601 30,004,809 2,161 30,006,970

2,111,068 2,132,224 2,220,881 158 2,221,039

343,868 313,864 319,055 (195) 318,860

463,024 -

498,851 -

498,851

8,027,511 8,027,511

1,234,228 850,000 1,200,000 -

1,200,000

59,745,005 67,435,534 74,858,992 8,023,550 82,882,542

43,562,583 38,873,352 45,722,327 (452,793) 45,269,534

20,351,460 41,645,367 45,968,709 -

45,968,709

9,658,859 11,564,919 12,575,620 -

12,575,620

3,307,500 2,722,875 2,856,296 -

2,856,296

1,560,000 -

4,058,476 4,795,688 4,829,472 -

4,829,472

4,506,570 5,000,000 1,157,252 -

1,157,252

900,000 2,500,000 -

2,500,000

586,344

2,186,344 -

2,186,344

50,000 12,701,597 -

12,701,597

406,949,413 441,171,985 469,446,692 7,530,644 476,977,336

(16,980,701) (1,084,141) (3,344,436) (10,875,080)

33,900,988 16,920,287 15,836,146 15,836,146

$16,920,287 $15,836,146 $12,491,710 $4,961,066

4.74% 4.12% 3.09% 1.23%

GENERAL FUND - FUND BALANCE HISTORY AND BUDGET

FY 2005-2006 ACTUAL TO FY 2009-2010 BUDGET

Estimated

Actual Actual Actual Actual Budget

2005-2006 2006-2007 2007-2008 2008-2009 2009-2010

Beginning Fund Balance $ 29,746,584 $ 34,885,682 $ 33,900,988 $ 16,920,287 $ 15,836,145

Total Revenue 326,303,746 358,133,869 389,968,712 440,087,844 466,102,256

Total Expense 321,164,648 359,118,563 406,949,413 441,171,985 476,977,336

Ending Fund Balance $ 34,885,682 $ 33,900,988 $ 16,920,287 $ 15,836,145 $ 4,961,065

Ending Fund Bal % 10.69% 9.47% 4.74% 4.12% 1.23%

OTHER

FUNDS

BUDGETS

This page intentionally left blank

2009-2010 BUDGET

DEBT SERVICES/BOND REDEMPTION FUND

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 $67.8 million plus a $45.9 million beginning fund

balance. Expenditures for this fund are budgeted at $61.0 million: main expenses being $26.9

million for mandatory principal payments and $33.2 million in regular interest payments.

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $34,287,234 $38,220,296 $40,481,275 $45,933,955 $45,933,955

Revenues

Ad Valorem Taxes 58,931,888 59,350,324 64,678,082 66,850,527 -

66,850,527

Estimated Uncollectable -

Interest on Investment/Delinquent Tax 1,195,574 1,600,000 650,000 910,000 -

910,000

Total Revenues 60,127,462 60,950,324 65,328,082 67,760,527 -

67,760,527

Proceeds of Refunding 13,945,000 -

Payment to Refund Debt - new issue 638,784 -

Total Sources 108,998,480 99,170,620 105,809,357 113,694,482 -

113,694,482

Expenditures

Principal 36,235,000 28,210,000 28,210,000 26,933,485 -

26,933,485

Interest 31,144,083 31,014,228 31,014,227 33,204,059 -

33,204,059

Bond Issue Costs 35,558

Fees 393,844

1,175

Transfer to Other Funds 708,720 1,600,000 650,000 910,000 -

910,000

Total Expenditures 68,517,205 60,824,228 59,875,402 61,047,544 -

61,047,544

Change in Fund Balance 6,194,041 126,096 5,452,680 6,712,983 6,712,983

Balance on Hand June 30 $40,481,275 $38,346,392 $45,933,955 $52,646,938 $52,646,938

2009-2010 BUDGET

BUILDING FUND

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 ’10 is estimated

at $84.5 million and together with estimated revenues for this fund of $1.5 million will cover ex-

penditures for FY ’10 of $61.4 million.

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $185,916,551 $149,445,965 $152,572,608 $84,457,082 $84,457,082

Revenue

Proceeds from Sale of G.O. Bonds 49,999,949

Premium on Sale of G.O. Bonds 11,621,918

Other revenue 14,836 -

104,191

Interest 8,860,392 3,500,000 2,985,935 1,500,000 -

1,500,000

Total Revenue 70,497,095 3,500,000 3,090,126 1,500,000 -

1,500,000

Total Sources 256,413,646 152,945,965 155,662,734 85,957,082 -

85,957,082

Expenditures

Salaries & Benefits 2,266,392 1,387,301 1,523,864 1,440,671 -

1,440,671

Buildings & Building Improvements 89,246,968 83,000,000 56,615,146 48,700,000 -

48,700,000

Purchased Services 3,877,341 4,300,000 5,341,319 4,600,000 -

4,600,000

Supplies & Materials 2,584,790 2,000,000 4,875,577 4,200,000 -

4,200,000

Equipment 5,611,666 2,800,000 2,841,581 2,450,000 -

2,450,000

Other Expenditures 5,324 2,300 8,165 7,050 -

7,050

Debt Issue Costs 248,557 400,000 -

Total Expenditures 103,841,038 93,889,601 71,205,652 61,397,721 -

61,397,721

Change in Fund Balance (33,343,943) (90,389,601) (68,115,526) (59,897,721) (59,897,721)

Balance on Hand June 30 $152,572,608 $59,056,364 $84,457,082 $24,559,361 $24,559,361

2009-2010 BUDGET

CAPITAL RESERVE FUND

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 a change in

the School Finance Act for FY 2009-2010 (and any budget year thereafter), school districts are

no longer required to budget a minimum amount per pupil for the Capital Reserve and

Insurance Reserve Funds. Fiscal Year 2009-2010 shows the continuation of the State

Equalization allocation with future discussion to occur. Other material revenues are interest

earnings and revenue paid in lieu of taxes. Revenues for FY ’10 are $14.5 million. The fund’s

beginning fund balance equals $1.5 million. Expenditures for this fund are budgeted at $15.3

million. Another $813,000 in prior year’s funded projects is also carried forward in this budget.

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $7,828,084 $1,860,775 $1,984,886 $1,540,823 -

$1,540,823

Revenues

House Bill 1006 1,395,517

Revenue in Lieu of Land 661,285

525,000

250,000

Interest on Investments & Delinquent Tax 290,833

150,000

100,000

Other Revenue 10,000

25,000

Allocation of State Equalization 9,658,859

11,564,919

11,740,159

12,575,620

Town Contribution for MS #8 Road -

3,000,000

(1,500,000) 1,500,000

Total Revenues 12,016,494

12,264,919

12,440,159

15,950,620

(1,500,000)

14,450,620

Total Sources 19,844,578

14,125,694

14,425,045

17,491,443

(1,500,000)

15,991,443

Expenditures

Prior-Year Unfinished Projects 1,186,454

1,700,000

(887,000) 813,000

Facilities and Capital Projects 5,206,601

5,150,517

3,868,635

2,122,500

481,980 2,604,480

Technology Projects 7,065,132

6,037,361 5,000,432

7,561,775

505,469 8,067,244

Elementary #49 (Lone Tree) Construction 2,184,218

Escrow for Foxworth Building 75,000

LoneTree ES Interest and Principal -

983,430

984,188

902,513

MS #8 (Mesa) Road Payment -

1,555,075

Middle School #8 (Mesa) Road 161,695

Charter School Allocation 866,667

867,000

866,667

867,000

Town Reimbursement for MS #8 Road -

1,500,000

(1,500,000) -

PS Miller (DC Oakes) Lease Pmt 1,113,925

463,943

464,300

458,934

Total Expenditures 17,859,692

13,502,251

12,884,222

16,667,797

(1,399,551)

15,268,246

Change in Fund Balance (5,843,198)

(1,237,332)

(444,063)

(717,177)

(100,449)

(817,626)

Balance on Hand June 30 1,984,886

623,443

1,540,823

823,646

(100,449)

723,197

FB as a % of Revenue 16.52% 5.08% 12.39% 5.16% 6.70% 5.00%

2009-2010 BUDGET

CAPITAL RESERVE DETAIL BUDGET 2009-2010

Lease/Purchase

Technology Services

Bridge East $54,000

Telecom - Additional Phones $6,000

Bridge North $60,000

Data Center Tapes $8,049

Atchison Way $43,000

8e6 Web filtering $73,938

Learning Cntr. $82,000

Rotation (Instructional) $2,200,000

ECC North $96,000

Rotation (Non-Instructional) $50,000

Time Warner $147,500

Digital Educator Project (DEP) $230,000

HR North $75,000

Instructional Applications $250,000

Inflationary Increases $2,000

School Infrastructure (Wireless / Wired ) $500,000

COP PS Miller $458,934

HP Hardware, Software Renewal $92,063

COP Lone Tree $902,513

Linux Support (Red Hat) $32,860

COP MMS Road Payment $1,555,075

Data Center Environmental System - A/C Maintenance $16,000

Subtotal Lease/Purchase $3,476,022

Cisco SmartNet - Router Maintenance Contract $110,000

Computer Associates $30,000

District Programs

VMWare $192,493

Mobile Relocations $600,000

Blackberry Server $6,000

Field Maintenance $19,980

Hyena $213

Warehouse $83,000

Client Access Licensing (CAL) $38,000

Reballasst/Relamp $130,000

Network Field Tools $3,500

Asphalt Overlay $100,000

United Streaming VDS $89,573

Safety $250,000

Apple Support Contract $15,996

Subtotal District Programs $1,182,980

NEC AtCom $120,540

Network Router Upgrades $50,000

Vehicles/Transportation

$400,000 HP SAN Expansion $70,288

Contingency $462,000

Altiris $18,900

Total Charter School $867,000

Aruba $2,500

Prior Year Projects $813,000

AirMagnet $2,500

Subtotal $2,542,000

Naviance (District) $14,135

TOTAL CONSTRUCTION $7,201,002

Microsoft 2003 Server Licenses $1,610

Microsoft TECHNET Renewal $349

SolarWinds Software Maintenance $1,700

InMon Support $6,500

Information Services

Microsoft Support $1,295

SQL Server per Incident Support $2,000 NEC 2400 PBX Maintenance $19,140

Hummingbird $18,762 NEC Qmaster Call Center Upgrade $16,724

Verify - Document Capture $32,608 Citrix Metaframe Maintenance $3,750

U Import - Document Integration $1,800 Cisco Software Upgrades $5,000

Risco RP3700 Contract $5,000 Dell School Server Hardware Refresh $72,408

Vertex Payroll Tax Data Rate Updates $8,900 Xserve Hardware Refresh $129,067

PayFormance Check Writing - Sungard Software and Support $2,500 eMail Infrastructure $20,194

Kronos Automated Time Management Licensing and Support $56,000 IC Verify Credit Card Processing System $2,000

Oracle Data Warehouse Development $50,000 Iron Mountain Off-Site Contract $3,000

ESRI Support licenses, ArcIMS, ArcSDE $2,750 Apple Remote Desktop $3,000

IC Licensing and Support $440,423 APC UPS Support $5,000

Oracle DB - 4 Processors $28,581 Virus Protection $135,760

Oracle Dev Tools, EBS, Dev DB Users $84,939 Email Archiving $36,000

Oracle EBS, RAC, iAS $204,804 Incident Management 32-Port Conference Bridge $4,268

Subfinder - CRS Office Manager $15,223 DR - Data Center $350,000

Oracle Bundle - ID Mgmt, EBS, SOA Suite, WebCenter $569,025 UPS Battery Rotation $6,000

Oracle Consulting - ID Management, eBus Gap Analysis $50,000 Veritas NetBackup & BackUp Exec $108,515

ESRI Developer Support $1,495 DR - Email $5,138

MacDesign Help Desk Licensing and Support $2,000 DR - Oracle EBS $267,251

Portal/UCM Development $75,000 Microsoft Technet Renewal $349

School Center - Support and Maintenance $14,480 Systems Monitoring $8,565

School Center - Additional School Licenses $4,000 ExtremeZIP $63,108

Digital ID - Subfinder, www2, AppTrack, DW, ISIS $1,000 Apple Xraid Refresh $118,090

IC Shoutpoint Licensing Service $88,085 Spotlight for AD $733

Standard Time Support and Maintenance $9,240 Acronis Imaging Software $280

Oracle Universal Content Management Licensing and Support $78,602 NetApp FAS2050 $11,618

Destiny Library System Support and Maintenance $50,000 Network Switch Upgrade in C-Class Enclosures $33,917

Oracle Portal Web Center Suite $130,000 Microwave Gigabit Link Upgrade $15,950

Learning Management System $100,000 WAN $245,000

Halogen Employee Appraisal System Support and Maint. $15,200

Subtotal Technology Services $5,924,827

Subtotal Information Services $2,142,417 TOTAL TECHNOLOGY $8,067,244

2009-2010 BUDGET

eDCSD FUND

eDCSD Fund:

This fund is a District-sponsored, highly interactive K-12 online school. The beginning fund bal-

ance for FY ’10 is estimated at $100,016 and together with estimated revenues for this fund of

$2.0 million will cover expenditures for FY ’10 of $1.9 million.

Adopted Estimated Proposed Adopted

Budget Actual Budget Budget

2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1

$ -

$ 100,016

Revenue

Tuition -

330

Misc -

435,996

Transfer from General Fd -

826,150

1,952,763

39,537

1,992,300

Total Revenue -

1,262,476

1,952,763

39,537

1,992,300

Total Sources

1,262,476

2,052,779

39,537

2,092,316

Expenditures

Salaries & Benefits -

934,194

991,659

Purchased Services -

81,403

255,550

Supplies & Materials -

142,901

594,975

Other -

3,962

200

50,301

50,501

Total Expenditures

1,162,460

1,842,384

50,301

1,892,685

Net Income

$ 100,016

$ 110,379

$ (10,764)

$ 99,615

Balance on Hand June 30

$ 100,016

$ 210,395

$ (10,764)

$ 199,631

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 $15.6 million.

2009-2010 BUDGET

GOVERNMENTAL DESIGNATED PURPOSE GRANTS FUND

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $185,120 $185,120 $185,120 $185,120 $185,120

Revenues

Local and State Grants

Morgridge Family Foundation 136,052

125,000

140,100

Comprehensive Health Education 19,695

50,000

55,305

25,000

K-12 Tobacco Prevention 67,896

80,000

91,320

Expelled Student Grant 150,240

48,425

Red Robin 1,191

1,480

Colorado Trust - ECC Planning -

7,500

Governor's Safe & Drug Free -

75,000

Other Local Sources 7,046

23,510

Federal Grants

NCLB

Title I, Part A: Basic 693,935

1,093,243

1,197,808

980,317

Title I, Part D: Neglected & Delinquent 34,134

32,520

42,692

32,520

Title II, Part A: Teacher Quality

631,282

619,260

716,903

625,449

Title II, Part D: Technology 6,685

10,286

11,659

9,125

Title II, Part D: Technology ARRA -

12,896

Title III, Part A: ELL

122,381

105,179

103,519

143,050

9,830

152,880

Title IV, Part A: Safe & Drug Free 66,423

73,371

93,662

82,093

Title V, Part A: Innovative Programs 61,660

19,558

Title V, Part B: Public Chtr Sch Grant 272,593

250,000

Title V, Part D: American History 330,000

320,000

330,000

IDEA - Early Preschool 98,223

150,000

145,553

105,906

ARRA - IDEA - Early Preschool -

333,058

IDEA Part B 6,912,748

7,422,831

7,258,619

7,600,932

ARRA - IDEA Part B -

2,000,000

2,683,788

1,888,812

4,572,600

SWAP 229,353

247,000

227,750

247,000

Carl Perkins 152,587

150,000

159,000

150,000

Child Care Assistance Block Grant 104,366

102,000

107,160

150,000

(45,512)

104,488

ARRA - Child Care Asst Block Grant -

32,250

WIRED 265,000

351,820

Total Revenues 9,768,490

11,105,690

13,448,343

13,748,238

1,898,276

15,646,514

Total Sources $9,953,610 $11,290,810 $13,633,463 $13,933,358 $1,898,276 $15,831,634

2009-2010 BUDGET

GOVERNMENTAL DESIGNATED PURPOSE GRANTS FUND

Audited Proposed Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Expenditures

Local and State Grants

Morgridge Family Foundation 136,052

125,000

140,100

Comprehensive Health Education 19,695

50,000

55,305

25,000

K-12 Tobacco Prevention 67,896

80,000

91,320

Expelled Student Grant 150,240

48,425

Red Robin 1,191

1,480

Colorado Trust - ECC Planning -

7,500

Governor's Safe & Drug Free -

75,000

Other Local Sources 7,046

185,120

23,510

Federal Grants

NCLB

Title I, Part A: Basic 693,935

1,093,243

1,197,808

980,317

Title I, Part D: Neglected & Delinquent 34,134

32,520

42,692

32,520

Title II, Part A: Teacher Quality

631,282

619,260

716,903

625,449

Title II, Part D: Technology 6,685

10,286

11,659

9,125

Title II, Part D: Technology ARRA -

12,896

Title III, Part A: ELL

122,381

105,179

103,519

143,050

9,830

152,880

Title IV, Part A: Safe & Drug Free 66,423

73,371

93,662

82,093

Title V, Part A: Innovative Programs 61,660

19,558

Title V, Part B: Public Chtr Sch Grant 272,593

250,000

Title V, Part D: American History -

330,000

320,000

330,000

IDEA - Early Preschool 98,223

150,000

145,553

105,906

ARRA - IDEA - Early Preschool -

333,058

IDEA Part B 6,912,748

7,422,831

7,258,619

7,600,932

ARRA - IDEA Part B -

2,000,000

2,683,788

1,888,812

4,572,600

SWAP 229,353

247,000

227,750

247,000

Carl Perkins 152,587

150,000

159,000

150,000

Child Care Assistance Block Grant 104,366

102,000

107,160

150,000

(45,512)

104,488

ARRA - Child Care Asst Block Grant -

32,250

WIRED -

265,000

351,820

Total Expenditures 9,768,490

11,290,810

13,448,343

13,748,238

1,898,276

15,646,514

Change in Fund Balance -

(185,120)

Balance on Hand June 30 $185,120 $0 $185,120 $185,120 $0 $185,120

2009-2010 BUDGET

SCHOOL DISCRETIONARY FUND

School Discretionary Fund:

This fund is a combination of potential vending profit and School Discretionary activities. The

beginning fund balance is $3.1 million. Aside from vending profits, schools generate these

monies by magazine sales, 5K runs, local restaurant support, etc... Budgeted revenue for FY

’10 is $1.7 million and budgeted expenditures are equal at $1.7 million. These funds are spent

at each school’s discretion.

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $2,720,656 $2,949,667 $3,162,403 $3,135,192 $3,135,192

Revenues

Vending 119,921 1,273,217 76,006 200,000 -

200,000

Miscellaneous Revenue -

School Discretionary 1,936,310 1,674,017 1,261,012 1,468,000 -

1,468,000

Total Revenues 2,056,231 2,947,234 1,337,018 1,668,000 -

1,668,000

Total Sources 4,776,887 5,896,901 4,499,421 4,803,192 -

4,803,192

Expenditures

Vending 54,887 355,250 36,361 200,000 -

200,000

Allocation to GF -

568,750

School Discretionary 1,559,597 1,679,427 1,327,868 1,504,000 -

1,504,000

Total Expenditures 1,614,484 2,603,427 1,364,229 1,704,000 -

1,704,000

Change in Fund Balance $441,747 $343,806 (27,211) (36,000) (36,000)

Balance on Hand June 30 $3,162,403 $3,293,473 $3,135,192 $3,099,192 $3,099,192

2009-2010 BUDGET

NUTRITION SERVICES FUND

Nutrition Services Fund:

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

preparation of school meals. FY’10 has a beginning balance of $926,064 and estimates $16.6

million in sales and other revenue. Budgeted spending totals $16.3 million with 41% going for

food and commodity purchases.

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Retained Earnings July 1 $6,954,262 $5,717,862 $4,770,328 $926,064 926,064

Revenues

Food Sales 9,412,258

10,434,580

10,080,504

13,941,901

Federal Reimbursement 1,623,521

1,698,685

1,694,747

1,772,059

Commodity Contribution 607,744

758,388

750,000

District Catering Income -

Misc Revenue 889

14,113

Beverage Contract Revenue 15,000

State Matching Child Nutr. 115,244

125,000

135,903

Interest Earnings 5

Total Revenues 11,774,661

13,016,653

12,675,267

16,599,863

Total Sources 18,728,923

18,734,515

17,445,595

17,525,927

Expenditures

Salaries & Benefits 5,146,922

5,199,835

6,876,690

7,196,357

46,107

7,242,464

Food & Commodities 6,072,258

5,965,044

7,229,474

6,640,000

Purchased Services & Repairs 351,703

130,370

522,844

240,530

Supplies 746,999

625,000

957,124

742,301

10,000

752,301

Depreciation 185,861

300,000

204,000

Equipment 265,951

200,000

156,832

400,000

102,361

502,361

Indirect Costs 1,012,677

Other 176,224

585,000

572,567

560,500

150,000

710,500

Contingency -

Total Expenses 13,958,595

13,005,249

16,519,531

15,983,688

308,468

16,292,156

Net Income (2,183,934)

11,404

(3,844,264)

616,175

(308,468)

307,707

Retained Earnings June 30 $4,770,328 $5,729,266 $926,064 $1,542,239 (308,468)

$ 1,233,771

2009-2010 BUDGET

CHILD CARE FUND

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 $9.5 million plus a beginning

fund balance of $2.3 million. The planned expenditures are $9.5 million.

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1

$2,230,503 $2,334,503 $2,858,013 $2,337,098 $2,337,098

Revenue

Tuition 8,222,963

$9,787,771 9,042,379

9,489,398

Other 1,120

Total Revenue 8,224,083

9,787,771

9,042,379

9,489,398

Total Sources

10,454,586

12,122,274

11,900,392

11,826,496

Expenditures

Salaries & Benefits 6,023,716

$7,199,471 7,728,089

7,274,231

Purchased Services 44,364

$114,398 89,344

107,337

Supplies & Materials 518,618

$844,599 567,915

429,385

Field Trips & Entrance Fees 632,000

$728,966 598,658

806,465

Other 377,875

$1,296,172 579,288

871,980

Total Expenditures

7,596,573

10,183,606

9,563,294

9,489,398

Net Income

627,510

(395,835)

(520,915)

Balance on Hand June 30

$2,858,013 $1,938,668 $2,337,098 $2,337,098 $2,337,098

2009-2010 BUDGET

PRIVATE PURPOSE TRUSTS FUND

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 $52,981 and an additional $52,000 in contributions is anticipated. Expenses

are budgeted to total $52,000.

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $62,081 $82,081 $62,731 $52,981 $52,981

Revenues

PS Miller Memorial Contributions 71,400

100,000

64,000

52,000

Total Revenue 71,400

100,000

64,000

52,000

Total Sources 133,481

182,081

126,731

104,981

Expenditures

Cathy Woodfill Memorial Trust Fund -

300

Steve Golden Memorial Trust Fund -

500

Christine Esterly Memorial Trust Fund -

2,000

Jason Sealy Memorial Trust Fund -

1,000

PS Miller Memorial Trust Fund 70,750

79,000

73,750

52,000

Total Expenditures 70,750

82,800

73,750

52,000

Change in Fund Balance 650

17,200

(9,750)

Balance on Hand June 30 $62,731 $99,281 $52,981 $52,981 $52,981

2009-2010 BUDGET

PUPIL ACTIVITY FUND

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 fund raising

events and user/club fees. The beginning fund balance is $2.2 million and budgeted revenues

total $3.7 million with expenses of $3.1 million budgeted.

Audited Adopted Estimated Proposed

Adopted

Actual Budget Actual Budget

Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $1,012,609 $1,552,028 $1,375,688 $2,212,493 $2,212,493

Revenue

Elementary Schools 649,126

605,000

568,013 587,000

587,000

Middle Schools 477,755

554,000

485,519 520,000

520,000

Senior High Schools 2,317,412

2,200,000

2,540,940 2,608,000

2,608,000

Other 7,927

2,095 -

Total Revenue 3,452,220

3,359,000

3,596,567 3,715,000

3,715,000

Total Sources 4,464,829

4,911,028

4,972,255 5,927,493

5,927,493

Expenditures

Elementary Schools 529,065

550,000

456,710 504,000

504,000

Middle Schools 435,427

450,000

389,990 420,000

420,000

Senior High Schools 2,117,150

2,000,000

1,912,362 2,152,000

2,152,000

Other 7,499

700 -

Total Expenditures 3,089,141

3,000,000

2,759,762

3,076,000

Change in Fund Balance 363,079

359,000

836,805

639,000

Balance on Hand June 30 $1,375,688 $1,911,028 $2,212,493 $2,851,493 $2,851,493

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. Beginning July 1, 2009; the medical plan will change to high

deductible plans with a Health Savings Account (HSA). Included within the FY’10 budget are

increases in medical insurance premiums of 15% and dental insurance premiums of 0%.

Anticipated revenues for FY’10 are $43.7M and expenses are budgeted at $43.7M.

2009-2010 BUDGET

MEDICAL SELF-INSURANCE FUND

Audited Adopted Estimated Proposed Adopted

Actuals Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $932,372 $0 $4,760 $0 $0

Revenues

Health Insurance Premiums 34,077,717 36,512,557 36,609,614 40,212,576 - 40,212,576

Dental Insurance Premiums 1,319,829 3,766,556 4,302,850 3,210,462 - 3,210,462

Transfer from General Fund 1,690,114 -

2,000,000

- -

Interest 190,806 200,000 270,115 271,403 - 271,403

Total Revenue 37,278,466 40,479,113 43,182,579 43,694,440 - 43,694,440

Total Sources 38,210,838 40,479,113 43,187,339 43,694,440 - 43,694,440

Expenditures

Health Claims (Self Funded) 30,744,061 34,485,431 35,988,144 36,503,333 - 36,503,333

Dental Claims (Self Funded) 3,009,792 2,776,281 3,387,221 2,776,281 - 2,776,281

Salaries & Benefits 377,293 397,497 397,497 428,506 - 428,506

Stop Loss Premiums 834,056 614,916 624,005 808,615 - 808,615

Professional Services 3,212,645 2,163,619 2,772,070 3,122,020 - 3,122,020

Operating Expenses 28,231 41,369 18,402 55,685 - 55,685

Total Expenditures 38,206,078 40,479,113 43,187,339 43,694,440 - 43,694,440

Change in Fund Balance (927,612) -

(4,760) -

Balance on Hand June 30 $4,760 $0 $0 $0 $0

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. For

FY’10 this fund’s revenue is $2.9 million and together with a beginning fund balance of $1.6

million is sufficient to cover anticipated expenditures of $3.8 million.

2009-2010 BUDGET

INSURANCE RESERVE FUND

Audited Adopted Estimated Proposed Adopted

Actual Budget Actual Budget Budget

2007-2008 2008-2009 2008-2009 2009-2010 Changes 2009-2010

Balance on Hand July 1 $1,724,732 $1,974,878 $2,305,657 $1,557,797 1,557,797

Revenues

Allocation of State Equalization 3,307,500 2,722,875 2,722,875 2,856,296 -

2,856,296

Total Revenues 3,307,500 2,722,875 2,722,875 2,856,