School board approves additional $2.8 Million for employee compensation
CASTLE ROCK – On Tuesday evening, members of the Douglas County Board of Education voted at their regular Board Meeting to approve an additional $2.8 million in employee compensation. The additional $2.8 million brings the total of new compensation dollars to more than $10 million in the paychecks of DCSD employees this year.
“We have outstanding teachers and employees,” said Board of Education President John Carson. “We value our employees and all of their efforts to provide students with the very best education.”
The additional compensation dollars will be allocated from savings in several line items including utilities efficiencies, substitute costs, and a better than expected delinquency rate on property taxes. According to Chief Financial Officer Bonnie Betz, the books closed on June 30, the end of the fiscal year, with higher than expected savings and efficiencies, resulting in additional dollars in the fund balance.
“When our fund balance exceeds the recommended $15 million, our goal is to put every dollar into the classroom,” said Superintendent Dr. Elizabeth Fagen. “We want to reward our outstanding employees, provide resources to our schools, and improve the learning experience for our students.”
The newly approved $2.8 million in compensation will be distributed to employees on a per capita basis. Already this year, DCSD employees are receiving a 1% raise and a 1% retention bonus. “After four long years of pay freezes, we are pleased to offer our employees additional compensation dollars and hopefully put additional dollars back in the classroom,” continued Fagen.
According to Fagen, if additional savings are realized, resources will be directed back into the classroom. Final budget numbers are expected when books on the fiscal year close next month.
In addition to an increase in employee raises, Board members also announced their intent to reallocate savings from their own budget to pay for school supplies. The Board will immediately distribute $150,000 in carry-over dollars from their budget to teachers for new school supplies.
“We want to give teachers as many resources as possible to do their job. We know that often teachers end up spending their own money for much needed school supplies,” said Douglas County Board of Education President, John Carson. “Tonight, members of the board are pleased to donate $150,000 from their budget to provide supplies to our classrooms.”
Douglas County School District is Colorado's third largest school district, serving over 60,000 students. The vision statement for DCSD states “Graduates from Douglas County School District are responsible citizens who contribute to our society." Visit the District website at www.dcsdk12.org.