May 27, 2020 Educational Services Center 395 South Pratt Parkway Longmont, Colorado 80501 Joie Siegrist, President, Board of Education Dr

NOTICE OF REGULAR MEETING AND AGENDA May 27, 2020 Educational Services Center 395 South Pratt Parkway Longmont, Colorado 80501 Joie Siegrist, President, Board of Education Dr. Don Haddad, Superintendent of Schools

1. CALL TO ORDER:

DISTRICT VISION 5:30 pm April Financials STATEMENT 6:00 pm Regular Business Meeting

To be an exemplary school district which inspires and promotes high 2. ADDENDUMS/CHANGES TO THE AGENDA: standards of learning and student well-being in partnership with 3. AUDIENCE PARTICIPATION: parents, guardians and the community. 4. VISITORS:

5. SUPERINTENDENT’S REPORT:

DISTRICT MISSION 6. REPORTS: STATEMENT

To educate each student in a safe 1. District Financial Statements – April 2020 learning environment so that they 2. 3rd Quarter Gifts to Schools FY20 may develop to their highest 3. Introduction of Superintendent’s Proposed FY21 Budget-All Funds potential and become contributing citizens. 4. Finance & Audit Committee Update 5. COVID-19 Update

7. CONSENT ITEMS: ESSENTIAL BOARD ROLES 1. Approval: Approval of Contract Award for New Playground Equipment at Eagle Crest Elementary School Guide the superintendent 2. Approval: Approval of Amendment to the Design-Build Contract Engage constituents for the Field Lighting Project at Niwot High School Ensure alignment of resources Monitor effectiveness 3. Approval: Approval of Amendment to the Design-Build Contract Model excellence for the Field Lighting Project at Silver Creek High School 4. Approval: Approval of Amendment to the Design-Build Contract for the Field Lighting Project at Skyline High School 5. Approval: Approval of Change Order 1 to Construction Manager/ BOARD MEMBERS General Contractor (CMGC) Contract for the Erie Middle School Bond Project John Ahrens, Secretary 6. Approval: First Reading, Adoption, Board Policies AC-R – Reporting Jim Berthold, Member Discrimination/District Response to Discrimination Chico Garcia, Member Dr. Richard Martyr, Member Complaints and AC-E-1 – Nondiscrimination/Equal Paula Peairs, Vice President Opportunity (Sample Notice) Karen Ragland, Treasurer & 7. Approval: First Reading, Adoption, Board Policies JKD/JKE – Asst Secretary Suspension/Expulsion of Students (and Other Disciplinary Joie Siegrist, President Procedures); JKD/JKE-R – Suspension/Expulsion of

Students (Hearing Procedures); and JKD/JKE-E –

Grounds for Suspension/Expulsion

8. Approval: Approval of 2020/2021 Administrative Employment

Contracts Page 1 of 2 NOTICE OF REGULAR MEETING AND AGENDA May 27, 2020 Educational Services Center 395 South Pratt Parkway Longmont, Colorado 80501 Joie Siegrist, President, Board of Education Dr. Don Haddad, Superintendent of Schools

8. ACTION ITEMS:

DISTRICT VISION 1. Recommendation: Approval of Contracts for Teachers/Non-Renewal STATEMENT Notices for 2020/2021 Academic Year

To be an exemplary school district 9. DISCUSSION ITEMS: which inspires and promotes high standards of learning and student well-being in partnership with 1. Legislative Proposal to Repeal Gallagher Amendment parents, guardians and the 2. District Economic Stimulus Funds community. 10. ADJOURNMENT:

Board of Education Meetings: Held at 395 South Pratt Parkway, Board DISTRICT MISSION Room, unless otherwise noted: STATEMENT

To educate each student in a safe Wednesday, June 10 6:00 pm Regular Meeting learning environment so that they Wednesday, June 24 5:30 pm May Financials may develop to their highest 6:00 pm Regular Meeting potential and become contributing citizens.

ESSENTIAL BOARD ROLES

Guide the superintendent Engage constituents Ensure alignment of resources Monitor effectiveness Model excellence

BOARD MEMBERS

John Ahrens, Secretary Jim Berthold, Member Chico Garcia, Member Dr. Richard Martyr, Member Paula Peairs, Vice President Karen Ragland, Treasurer & Asst Secretary Joie Siegrist, President

Page 2 of 2

6.1

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: District Financial Statements – April 2020 Strategic Priority – Strong District Finances

PURPOSE

To provide the Board of Education with monthly financial reports.

BACKGROUND

Colorado Revised Statute (C.R.S.) 22-45-102(1)(b)(I-IV) requires the Board of Education to review the financial condition of the school district at least quarterly during the year. In addition to first and second quarter reports, the District has elected to present monthly financial statements during the remainder of the year.

At the work session prior to this Board meeting, information related to the April 2020 monthly financial statements will be provided to the Board in compliance with all aspects of Colorado Revised Statutes.

April 2020 Monthly Financial Report

“The community is the foundation of our school system. Working together we can give our children expanded opportunities in safe, high performing 21st century schools.”

Don Haddad, Ed.D., Superintendent

395 South Pratt Parkway • Longmont CO • 80501-6436

St. Vrain Valley School District RE-1J Financial Executive Summary For the period July 1, 2019 to April 30, 2020 Note: The detailed financial statements are an integral part of this summary. PDF Fund Page B/S A2A B2A Notes Governmental Funds including General Fund, Major & Non-Major Funds & Special Revenue Funds . . . The District prioritizes the safety and well-being of its students, teachers, staff and community. Due to the coronavirus outbreak, schools closed on March 13, 2020. We responded immediately by distributing curbside meals to students and limiting access to district buildings. On March 30th, we launched instructional online learning plans. Leadership continues to actively and closely monitor the situation. 6 CY "taxes A/R, D/R" $27.9m increase due to increased AV & large Abatement Mill. CY "acc'd sal/bene" $1.2m increase due to increased salaries, PERA costs. ___ General Fund CY "prop tax" $5.7m increase due to collections of unpaid PY taxes. 7 CY "chgs for svc" $3.0m decrease due to FDK no longer tuition-based. ___ CY "misc" rev $2.4m decrease due to PY sale of 'retired' iPads, e-rate revenue. CY "equaliz", "spec educ" & "BEST" increases due to increased funding. CY "sal/bene" accounts for $17.4m of the total $18.3m increased expenditures. 8-9 CY decreases in cap outlay & capital lease due to PY technology leases.

Based on passage of time, 83% through the fiscal year.

Colo Preschool 10-11 n/a n/a CY "purch svc" includes ECE & MSB renovations. CY "purch svc" increase due to higher insurance premiums & "claims paid" Risk Management 13-15 n/a increase due to higher workers' comp deductibles. PY frontloading of LTD payments, saving taxpayers money. Bond Redemption 18-19 n/a n/a County Treasurers have option to waive interest for late payments in CY. Issued $200m of the $260m 2016 voter authorized bonds in Dec'16 and the Building 20-21 n/a n/a remaining $60m in Oct'18. PY "alloc from Gen Fund" includes $4m one-time transfer. Capital Reserve 23-25 n/a CY "transfers" from energy rebates, cap'l credits, donations for Mobile Lab. Due to school closures, Community Schools & Facility Use are not collecting Comm Education 27-29 n/a revenues, still paying payroll and beginning to refund tuition/fees. Fair Contributions 30-31 n/a n/a CY land improvement projects in Longmont & Mead.

Grants 33-35 n/a CY slight decrease in grants receivable. Due to schools closures, CY meal claims significantly lower. Financial recovery Nutrition Services 36-39 for curbside meals & other COVID-19 related activities to be determined. Student Activity (23) 41-43 n/a CY "transfer" from community partner donations toward Mobile Lab.

Proprietary Fund, the District's only internal service fund . . . CY "cash & invest" increase due to increased EE premiums for expanded Self Insurance 46-49 benefits options and increased stop loss reimbursements. Fiduciary Fund . . . By June 30, 2019, the District transferred its Fund 72 assets to the Educ Found Student Scholarship n/a n/a n/a n/a of St. Vrain. No FY20 budget was adopted and no statements will be presented. Other financial information . . . Investments 51 n/a n/a CY interest rate is 0.93% compared to PY's 2.55%.

LEGENDS: No issues or concerns; operating w/in expectations To be reviewed w/ BOE Matters of slight concern; monitoring closely Non-talking point Major issue or concern; requires immediate attention or action

2 St. Vrain Valley School District RE-1J Financial Executive Summary (continued) For the period July 1 to April 30 Note: Not all funds have been included in the summary shown below. The detailed financial statements are an integral part of this summary.

FY19 FY20 Actual % of Actual % of to Date Budget to Date Budget General Fund Revenues $ 200,090,598 65% $ 213,047,078 60% Expenditures 246,058,265 78% 264,311,346 76% Capital lease 2,743,210 100% 11,573 n/a Transfers - n/a (596,060) 100% Net change in fund balance (43,224,457) (51,848,755) Beg fund balance 113,932,789 116,333,865 End fund balance 70,708,332 64,485,110 Liabilities 103,817,292 133,416,881 Deferred inflows of resources - - Total liabilities, deferred inflows, fund balance $ 174,525,624 $ 197,901,991

Assets $ 174,525,624 $ 197,901,991

Risk Management Fund Change in fund balance $ 1,178,586 $ (362,902) End fund balance $ 7,145,003 $ 6,751,438

Bond Redemption Fund Net change in fund balance $ (31,188,742) $ (19,487,274) End fund balance $ 31,384,106 $ 33,287,963

Building Fund Expenditures $ 34,993,311 25% $ 35,538,257 42% Other Sources (Uses) 63,755,401 100% - n/a End fund balance $ 132,828,498 $ 92,207,190

Capital Reserve Fund Net change in fund balance $ 3,122,235 $ (746,222) End fund balance $ 10,836,424 $ 8,559,193

Community Education Fund Net change in fund balance $ 501,321 $ 327,473 End fund balance $ 3,829,690 $ 3,773,143

Fair Contributions Fund End fund balance $ 7,224,593 $ 7,286,220

Grants Fund Grants receivable $ 2,924,269 $ 2,789,914

Nutrition Services Change in fund balance 280,739 (774,244) End fund balance $ 2,602,240 $ 1,284,740

Student Activity (Special Rev) End fund balance $ 6,132,135 $ 6,289,926

Self Insurance Fund Change in net position $ 2,789,518 $ 4,225,195 End net position $ 7,236,808 $ 10,719,898

3 FUND ACCOUNTING

The District uses funds to report its financial position and changes in financial position. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts.

Funds are classified into three categories: governmental, proprietary, and fiduciary. Each category, in turn, is divided into separate “fund types”.

Governmental funds are used to account for all or most of a government’s general activities, including the servicing of long-term debt (debt service fund), the construction of new schools or renovation of existing buildings (capital projects funds), and the collection and disbursement of earmarked funds (special revenue funds). The District’s governmental funds consist of the following: General Fund; Colorado Preschool Program Fund and Risk Management Fund, both sub-funds of the General Fund; Bond Redemption Fund; Building Fund; Capital Reserve Capital Projects Fund; and five special revenue funds, including the Government Designated-Purpose Grants Fund.

Proprietary Funds focus on the determination of the changes in net assets, financial position, and cash flows and are classified as either enterprise or internal service. Enterprise funds may be used to account for any activity for which a fee is charged to external users for goods or services. The District does not have an enterprise fund. Internal service funds account for the financing of services provided by one department to other departments of the District on a cost reimbursement basis. The District’s only internal service fund is the Self Insurance Fund.

Fiduciary Funds’ reporting focuses on net assets and changes in net assets. The fiduciary fund category is split into four classifications: pension trust funds, investment trust funds, private -purpose trust funds, and agency funds. The District no longer has fiduciar y funds.

GOVERNMENTAL FUNDS

General Fund

The General Fund is the District’s general operating fund and is used to account for all financial transactions except those required to be accounted for in another fund. Major revenue sources include local property taxes, specific ownership taxes, and State of Colorado equalization funding, as determined by the School Finance Act of 1994, as amended. Expenditures include all costs associated with the daily operation of the schools, except for programs funded by grants from federal and state governments, school construction, certain capital outlay expenditures, debt service, food service operations, extracurricular athletic and other pupil activities, and insurance transactions.

The Colorado Preschool Program Fund is reported as a sub-fund of the General Fund. Moneys allocated to this fund from the General Fund are used to pay the costs of providing preschool services directly to qualified at-risk children enrolled in the District’s preschool program pursuant to C.R.S. 22-28-102.

The Risk Management Fund is also a sub-fund of the General Fund. Moneys allocated to this fund from the General Fund are used to account for the payment of loss or damage to the property of the District, workers’ compensation, property and liability claims, and the payment of related administration expenses.

St. Vrain Valley School District RE-1J General Fund (10) Balance Sheet (Unaudited) As of April 30,

2019 2020 Assets Cash and investments $ 88,268,620 $ 83,468,345 Accounts receivable 30,788 288,280 Taxes receivable 84,805,663 112,665,009 A Deposits 150 150 Prepaid items 426,677 271,305 Inventories 993,726 1,208,902 Total assets $ 174,525,624 $ 197,901,991

Liabilities Accounts payable $ - $ 2,390 Retainage payable 1,874 - Accrued salaries and benefits 10,002,388 11,247,820 B Payroll withholdings 8,850,926 9,380,973 Deferred revenues 84,962,104 112,785,698 A, C Total liabilities 103,817,292 133,416,881

Deferred inflows of resources Unavailable property tax revenue - -

Fund balances Nonspendable: deposits, prepaids, inventories 1,420,553 1,480,357 Restricted: TABOR 9,886,636 10,482,766 Restricted: special federal contract 3,177,133 3,127,149 Committed: contingency 6,591,091 6,988,511 Committed: BOE allocations 10,577,852 11,713,574 Assigned: Mill Levy Override 39,055,067 30,692,753 Total fund balance 70,708,332 64,485,110 Total liabilities, deferred inflows, and fund balance $ 174,525,624 $ 197,901,991

Footnote A On January 1, when property taxes are levied, the District records property taxes receivable and a corresponding deferred revenue. As taxes are collected, the District reduces the receivable and deferred revenue and records the tax revenue. B The District is accruing salaries and benefits of employees whose contracts run from Aug 1 to Jul 31. The accrual rate is 1/11 of the contract amount per month. As of June 30, the District will have accrued the full amount of salaries and benefits payable.

6 St. Vrain Valley School District RE-1J General Fund (10) Year-to-Date Actual to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1 to April 30

FY19 FY20 July - April July - April Dollar Percent Actual Actual Variance Variance 1 Revenues 2 Local 3 Property taxes, 1110,1111,1140,1141,1190,and$ 34,146,839PY $ 39,869,414 $ 5,722,575 16.76% 4 Specific ownership taxes, 1120 9,073,155 9,280,433 207,278 2.28% 5 Mill levy override 18,780,113 20,751,759 1,971,646 10.50% 6 Investment income, 1510 2,013,064 1,701,041 (312,023) -15.50% 7 Charges for service: Spec'l educ tuition,1323,1324,1340 5,731,558 2,740,171 (2,991,387) -52.19% 8 Miscellaneous , 1910,1951,1990,1999,2000s 5,962,429 3,566,804 (2,395,625) -40.18% 9 Total local revenues 75,707,158 77,909,622 2,202,464 2.91% 10 State 11 Equalization, net, 3110, 3210, 5621, 5664, 5819 109,839,733 117,000,711 7,160,978 6.52% 12 Special Education: Excep'l child educ act, 3130 5,899,394 7,932,522 2,033,128 34.46% 13 Vocational Education, 3120 977,971 432,951 (545,020) -55.73% 14 Transportation , 3160 2,047,297 2,075,404 28,107 1.37% 15 Gifted and Talented, 3150 304,458 308,571 4,113 1.35% 16 English Language Proficiency Act, 3140 1,650,202 1,655,609 5,407 0.33% 17 BEST grant - 1,145,883 1,145,883 N/A 18 PERA: State on Behalf Payment - - - N/A 19 Other state sources 1,332,595 1,829,071 496,476 37.26% 20 Total state revenues 122,051,650 132,380,722 10,329,072 8.46% 21 Federal 22 BOCES 12,472 3,476 (8,996) -72.13% 23 Build America Bond Rebates 714,010 716,293 2,283 0.32% 24 Other federal sources 1,605,308 2,036,965 431,657 26.89% 25 Total federal revenues 2,331,790 2,756,734 424,944 18.22% 26 Total revenues 200,090,598 213,047,078 12,956,480 6.48% 27 Expenditures 28 Salaries , all 0100's 142,742,265 155,350,346 12,608,081 8.83% 29 Benefits , all 0200's 47,949,275 52,707,921 4,758,646 9.92% 30 Purchased services, all 0300's, 0400's ,0500's 11,938,404 12,945,474 1,007,070 8.44% 31 Supplies and materials, all 0600's 12,791,477 14,017,892 1,226,415 9.59% 32 Other (dues and fees/field trips), 0800, 0900 703,471 619,984 (83,487) -11.87% 33 Allocation to charter schools 21,028,768 23,043,915 2,015,147 9.58% 34 Capital outlay, 0700 4,767,832 1,478,454 (3,289,378) -68.99% 35 Debt service 4,136,773 4,147,360 10,587 0.26% 36 Total expenditures 246,058,265 264,311,346 18,253,081 7.42% 37 Excess (deficiency) of revenues 38 over (under) expenditures (45,967,667) (51,264,268) (5,296,601) -11.52% 39 Other Financing Sources (Uses) 40 Capital lease 2,743,210 11,573 (2,731,637) -99.58% 41 Transfer - other funds - (596,060) (596,060) N/A 42 Net change in fund balance (43,224,457) (51,848,755) (8,624,298) -19.95% 43 Fund balance, beginning 113,932,789 116,333,865 2,401,076 2.11% 44 Fund balance, ending $ 70,708,332 $ 64,485,110 $ (6,223,222) -8.80%

7 St. Vrain Valley School District RE-1J General Fund (10) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget 1 Revenues 2 Local 3 Property taxes, 1110,1111,1140,1141,1190,and$ 87,995,288 PY $ 34,146,839 $ (53,848,449) 38.81% 4 Specific ownership taxes, 1120 11,500,000 9,073,155 (2,426,845) 78.90% 5 Mill levy override 46,049,037 18,780,113 (27,268,924) 40.78% 6 Investment income, 1510 2,000,000 2,013,064 13,064 100.65% 7 Charges for service: Spec'l educ tuition,1323,1324,1340 6,657,935 5,731,558 (926,377) 86.09% 8 Miscellaneous , 1910,1951,1990,1999,2000s 5,203,959 5,962,429 758,470 114.57% 9 Total local revenues 159,406,219 75,707,158 (83,699,061) 47.49% 10 State 11 Equalization, net, 3110 132,106,310 109,839,733 (22,266,577) 83.14% 12 Special Education: Excep'l child educ act, 3130 6,446,548 5,899,394 (547,154) 91.51% 13 Vocational Education, 3120 1,303,749 977,971 (325,778) 75.01% 14 Transportation , 3160 2,047,297 2,047,297 - 100.00% 15 Gifted and Talented, 3150 304,458 304,458 - 100.00% 16 English Language Proficiency Act, 3140 1,650,202 1,650,202 - 100.00% 17 BEST grant 250,000 - (250,000) 0.00% 18 PERA: State on Behalf Payment - - N/A 19 Other state sources 1,342,402 1,332,595 (9,807) 99.27% 20 Total state revenues 145,450,966 122,051,650 (23,399,316) 83.91% 21 Federal 22 BOCES 25,000 12,472 (12,528) 49.89% 23 Build America Bond Rebates 1,428,020 714,010 (714,010) 50.00% 24 Other federal sources 1,442,989 1,605,308 162,319 111.25% 25 Total federal revenues 2,896,009 2,331,790 (564,219) 80.52% 26 Total revenues 307,753,194 200,090,598 (107,662,596) 65.02% 27 Expenditures 28 Salaries , all 0100's 178,852,737 142,742,265 36,110,472 79.81% 29 Benefits , all 0200's 59,888,442 47,949,275 11,939,167 80.06% 30 Purchased services, all 0300's, 0400's ,0500's 14,568,670 11,938,404 2,630,266 81.95% 31 Supplies and materials, all 0600's 26,062,803 12,791,477 13,271,326 49.08% 32 Other (dues and fees/field trips), 0800, 0900 2,424,764 703,471 1,721,293 29.01% 33 Allocation to charter schools 27,453,462 21,028,768 6,424,694 76.60% 34 Capital outlay, 0700 3,326,910 4,767,832 (1,440,922) 143.31% 35 Debt service 4,153,888 4,136,773 17,115 99.59% 36 Total expenditures 316,731,676 246,058,265 70,673,411 77.69% 37 Excess (deficiency) of revenues 38 over (under) expenditures (8,978,482) (45,967,667) (36,989,185) 39 Other Financing Sources (Uses) 40 Capital lease 2,743,210 2,743,210 - 100.00% 41 Transfer - other funds - - - N/A 42 Net change in fund balance (6,235,272) (43,224,457) (36,989,185) 43 Fund balance, beginning 113,932,789 113,932,789 - 44 Fund balance, ending $ 107,697,517 $ 70,708,332 $ (36,989,185) 45 Expected year-end fund balance as percentage 46 of annual expenditure budget 34.00%

8 St. Vrain Valley School District RE-1J General Fund (10) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget 1 Revenues 2 Local 3 Property taxes, 1110,1111,1140,1141,1190,and$ 111,063,650 PY $ 39,869,414 $ (71,194,236) 35.90% 4 Specific ownership taxes, 1120 12,000,000 9,280,433 (2,719,567) 77.34% 5 Mill levy override 56,755,906 20,751,759 (36,004,147) 36.56% 6 Investment income, 1510 2,900,000 1,701,041 (1,198,959) 58.66% 7 Charges for service: Spec'l educ tuition,1323,1324,1340 4,637,935 2,740,171 (1,897,764) 59.08% 8 Miscellaneous , 1910,1951,1990,1999,2000s 4,331,181 3,566,804 (764,377) 82.35% 9 Total local revenues 191,688,672 77,909,622 (113,779,050) 40.64% 10 State 11 Equalization, net, 3110 137,897,121 117,000,711 (20,896,410) 84.85% 12 Special Education: Excep'l child educ act, 3130 7,832,142 7,932,522 100,380 101.28% 13 Vocational Education, 3120 875,028 432,951 (442,077) 49.48% 14 Transportation , 3160 2,020,380 2,075,404 55,024 102.72% 15 Gifted and Talented, 3150 308,571 308,571 - 100.00% 16 English Language Proficiency Act, 3140 1,655,609 1,655,609 - 100.00% 17 BEST grant 2,006,103 1,145,883 (860,220) 57.12% 18 PERA: State on Behalf Payment 4,700,000 - (4,700,000) 0.00% 19 Other state sources 1,975,120 1,829,071 (146,049) 92.61% 20 Total state revenues 159,270,074 132,380,722 (26,889,352) 83.12% 21 Federal 22 BOCES 10,000 3,476 (6,524) 34.76% 23 Build America Bond Rebates 1,432,587 716,293 (716,294) 50.00% 24 Other federal sources 1,943,538 2,036,965 93,427 104.81% 25 Total federal revenues 3,386,125 2,756,734 (629,391) 81.41% 26 Total revenues 354,344,871 213,047,078 (141,297,793) 60.12% 27 Expenditures 28 Salaries , all 0100's 196,557,091 155,350,346 41,206,745 79.04% 29 Benefits , all 0200's 70,967,155 52,707,921 18,259,234 74.27% 30 Purchased services, all 0300's, 0400's ,0500's 15,905,256 12,945,474 2,959,782 81.39% 31 Supplies and materials, all 0600's 26,548,974 14,017,892 12,531,082 52.80% 32 Other (dues and fees/field trips), 0800, 0900 1,636,287 619,984 1,016,303 37.89% 33 Allocation to charter schools 30,697,249 23,043,915 7,653,334 75.07% 34 Capital outlay, 0700 3,464,932 1,478,454 1,986,478 42.67% 35 Debt service 4,153,888 4,147,360 6,528 99.84% 36 Total expenditures 349,930,832 264,311,346 85,619,486 75.53% 37 Excess (deficiency) of revenues 38 over (under) expenditures 4,414,039 (51,264,268) (55,678,307) 39 Other Financing Sources (Uses) 40 Capital lease - 11,573 11,573 N/A 41 Transfer - other funds (596,060) (596,060) - 100.00% 42 Net change in fund balance 3,817,979 (51,848,755) (55,666,734) 43 Fund balance, beginning 116,333,865 116,333,865 - 44 Fund balance, ending $ 120,151,844 $ 64,485,110 $ (55,666,734) 45 Expected year-end fund balance as percentage 46 of annual expenditure budget 34.34%

9 St. Vrain Valley School District RE-1J Colorado Preschool Program Fund (19) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Allocation from General Fund, net $ 1,653,862 $ 1,416,512 $ (237,350) 85.65% Investment income 10,000 14,598 4,598 145.98% Miscellaneous - - N/A Total revenues 1,663,862 1,431,110 (232,752) 86.01%

Expenditures Salaries , 0100s 197,040 161,317 35,723 81.87% Benefits , 0200s 57,611 50,062 7,549 86.90% Purchased services, 0300s, 0500s 1,180,050 1,146,491 33,559 97.16% Supplies and materials, 0600s 73,765 72,933 832 98.87% Other 26,405 26,650 (245) 100.93% Capital outlay 250,000 - 250,000 0.00% Total expenditures 1,784,871 1,457,453 327,418 81.66%

Excess (deficiency) of revenues over (under) expenditures (121,009) (26,343) 94,666

Fund balance, beginning 666,704 666,704 -

Fund balance, ending $ 545,695 $ 640,361 $ 94,666

Expected year-end fund balance as percentage of annual expenditure budget 30.57%

10 St. Vrain Valley School District RE-1J Colorado Preschool Program Fund (19) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Allocation from General Fund, net $ 2,056,904 $ 1,714,087 $ (342,817) 83.33% Investment income 19,000 11,698 (7,302) 61.57% Miscellaneous - 5,673 5,673 N/A Total revenues 2,075,904 1,731,458 (344,446) 83.41%

Expenditures Salaries , 0100s 209,771 171,201 38,570 81.61% Benefits , 0200s 66,230 53,628 12,602 80.97% Purchased services, 0300s, 0500s 1,373,350 1,519,667 (146,317) 110.65% Supplies and materials, 0600s 91,500 87,280 4,220 95.39% Other, 0800 27,600 23,630 3,970 85.62% Capital outlay 550,000 - 550,000 0.00% Total expenditures 2,318,451 1,855,406 463,045 80.03%

Excess (deficiency) of revenues over (under) expenditures (242,547) (123,948) 118,599

Fund balance, beginning 800,737 800,737 -

Fund balance, ending $ 558,190 $ 676,789 $ 118,599

Expected year-end fund balance as percentage of annual expenditure budget 24.08%

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St. Vrain Valley School District RE-1J Risk Management Fund (18) Year-to-Date Actual to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1 to April 30

FY19 FY20 July - April July - April Dollar Percent Actual Actual Variance Variance

Revenues Investment income, 1510 $ 107,675 $ 106,484 $ (1,191) -1.11% Allocation from General Fund 3,428,243 3,116,142 (312,101) -9.10% Miscellaneous , 1900 36,530 6,388 (30,142) -82.51% Total revenues 3,572,448 3,229,014 (343,434) -9.61%

Expenditures Salaries , 100's 218,227 258,261 40,034 18.35% Benefits , 200's 68,556 78,019 9,463 13.80% Purchased services 1,708,582 2,444,469 735,887 43.07% Professional services, 300,533,550,580,583 227,318 272,602 45,284 19.92% Self insurance pools, 520, 521, 522, 526, 529 1,481,264 2,171,867 690,603 46.62% Claims paid 352,248 753,962 401,714 114.04% Supplies 42,085 48,533 6,448 15.32% Other 4,164 8,672 4,508 108.26% Capital outlay - - - N/A Total expenditures 2,393,862 3,591,916 1,198,054 50.05%

Excess (deficiency) of revenues over (under) expenditures 1,178,586 (362,902) (1,541,488) -130.79%

Fund balance, beginning 5,966,417 7,114,340 1,147,923 19.24%

Fund balance, ending $ 7,145,003 $ 6,751,438 $ (393,565) -5.51%

13 St. Vrain Valley School District RE-1J Risk Management Fund (18) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income, 1510 $ 80,000 $ 107,675 $ 27,675 134.59% Allocation from General Fund 4,113,891 3,428,243 (685,648) 83.33% Miscellaneous , 1900 25,000 36,530 11,530 146.12% Total revenues 4,218,891 3,572,448 (646,443) 84.68%

Expenditures Salaries , 100's 272,870 218,227 54,643 79.97% Benefits , 200's 86,196 68,556 17,640 79.54% Purchased services 2,062,370 1,708,582 353,788 82.85% Claims paid 1,632,000 352,248 1,279,752 21.58% Supplies 113,835 42,085 71,750 36.97% Other 50,620 4,164 46,456 8.23% Capital outlay 1,000 - 1,000 0.00% Total expenditures 4,218,891 2,393,862 1,825,029 56.74%

Excess (deficiency) of revenues over (under) expenditures - 1,178,586 1,178,586

Fund balance, beginning 5,966,417 5,966,417 -

Fund balance, ending $ 5,966,417 $ 7,145,003 $ 1,178,586

Expected year-end fund balance as percentage of annual expenditure budget 141.42%

14 St. Vrain Valley School District RE-1J Risk Management Fund (18) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income, 1510 $ 146,000 $ 106,484 $ (39,516) 72.93% Allocation from General Fund 3,739,370 3,116,142 (623,228) 83.33% Miscellaneous , 1900 50,000 6,388 (43,612) 12.78% Total revenues 3,935,370 3,229,014 (706,356) 82.05%

Expenditures Salaries , 100's 330,721 258,261 72,460 78.09% Benefits , 200's 104,719 78,019 26,700 74.50% Purchased services 3,638,700 2,444,469 1,194,231 67.18% Claims paid 1,632,000 753,962 878,038 46.20% Supplies 132,685 48,533 84,152 36.58% Other 50,500 8,672 41,828 17.17% Capital outlay - - - N/A Total expenditures 5,889,325 3,591,916 2,297,409 60.99%

Excess (deficiency) of revenues over (under) expenditures (1,953,955) (362,902) 1,591,053

Fund balance, beginning 7,114,340 7,114,340 -

Fund balance, ending $ 5,160,385 $ 6,751,438 $ 1,591,053

Expected year-end fund balance as percentage of annual expenditure budget 87.62%

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GOVERNMENTAL FUNDS

Major Governmental Funds

The Bond Redemption Fund is a debt service fund. It is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest . The fund’s primary revenue source is local property taxes levied specifically for debt service.

The Building Fund is a capital projects fund that is used to account for the proceeds of bond sales and expenditures for capital outlay for land, buildings, improvements of grounds, construction of buildings, additions or remodeling of buildings or initial, additional and replacement of equipment.

Nonmajor Governmental Fund

The Capital Reserve Capital Projects Fund is used to account for revenue allocations from the General Fund and other revenues allocated to or earned in this fund, and the expenditures for the ongoing capital needs of the District, such as acquisition of land, building additions and improvements, and equipment purchases where the estimated unit cost is in excess of $1,000.

St. Vrain Valley School District RE-1J Bond Redemption Fund (31) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Property taxes, 1110, 1140, 1141 $ 59,467,000 $ 23,834,931 $ (35,632,069) 40.08% Investment income, 1510 500,000 820,878 320,878 164.18% Total revenues 59,967,000 24,655,809 (35,311,191) 41.12%

Expenditures Debt principal - Dec 15 42,730,000 42,730,000 - 100.00% Debt interest - Dec 15 & June 15 26,106,920 13,098,956 13,007,964 50.17% Fiscal charges 20,000 15,595 4,405 77.98% Total expenditures 68,856,920 55,844,551 13,012,369 81.10%

Excess (deficiency) of revenues over (under) expenditures (8,889,920) (31,188,742) (22,298,822)

Fund balance, beginning 62,572,848 62,572,848 -

Fund balance, ending $ 53,682,928 $ 31,384,106 $ (22,298,822)

Expected year-end fund balance as percentage of annual expenditure budget 77.96%

18 St. Vrain Valley School District RE-1J Bond Redemption Fund (31) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Property taxes, 1110, 1140, 1141 $ 73,294,052 $ 26,698,787 $ (46,595,265) 36.43% Investment income, 1510 1,200,000 608,002 (591,998) 50.67% Total revenues 74,494,052 27,306,789 (47,187,263) 36.66%

Expenditures Debt principal - Dec 15 33,775,000 33,775,000 - 100.00% Debt interest - Dec 15 & June 15 25,208,839 13,007,963 12,200,876 51.60% Fiscal charges 21,000 11,100 9,900 52.86% Total expenditures 59,004,839 46,794,063 12,210,776 79.31%

Excess (deficiency) of revenues over (under) expenditures 15,489,213 (19,487,274) (34,976,487)

Fund balance, beginning 52,775,237 52,775,237 -

Fund balance, ending $ 68,264,450 $ 33,287,963 $ (34,976,487)

Expected year-end fund balance as percentage of annual expenditure budget 115.69%

19 St. Vrain Valley School District RE-1J Building Fund (41) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income, 1510 $ 2,400,000 $ 2,606,550 $ 206,550 108.61% Miscellaneous 5,000 18,543 13,543 370.86% Total revenues 2,405,000 2,625,093 220,093 109.15%

Expenditures Salaries (100) 550,000 381,071 168,929 69.29% Benefits (200) 175,000 114,067 60,933 65.18% Purchased services 12,450,518 10,216,430 2,234,088 82.06% Supplies - - - N/A Construction projects 125,000,000 24,278,677 100,721,323 19.42% Other 6,000 3,066 2,934 51.10% Total expenditures 138,181,518 34,993,311 103,188,207 25.32%

Excess (deficiency) of revenues over (under) expenditures (135,776,518) (32,368,218) 103,408,300

Other Financing Sources (Uses) Issuance of bonds 60,340,000 60,340,000 - 100.00% Premium on bonds issued 3,415,401 3,415,401 - 100.00% Total other financing sources (uses) 63,755,401 63,755,401 - 100.00%

Net change in fund balance (72,021,117) 31,387,183 103,408,300

Fund balance, beginning 101,441,315 101,441,315 -

Fund balance, ending $ 29,420,198 $ 132,828,498 $ 103,408,300

Expected year-end fund (deficit) as percentage of annual expenditure budget 21.29%

20 St. Vrain Valley School District RE-1J Building Fund (41) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income, 1510 $ 2,600,000 1,741,575 $ (858,425) 66.98% Miscellaneous 610,000 605,713 (4,287) 99.30% Total revenues 3,210,000 2,347,288 (862,712) 73.12%

Expenditures Salaries (100) 580,000 470,969 109,031 81.20% Benefits (200) 180,000 147,669 32,331 82.04% Purchased services 14,000,000 4,878,409 9,121,591 34.85% Supplies - 2,639 (2,639) N/A Construction projects 70,000,000 30,035,271 39,964,729 42.91% Other 6,000 3,300 2,700 55.00% Total expenditures 84,766,000 35,538,257 49,227,743 41.93%

Excess (deficiency) of revenues over (under) expenditures (81,556,000) (33,190,969) 48,365,031

Other Financing Sources (Uses) Issuance of bonds - - - N/A Premium on bonds issued - - - N/A Total other financing sources (uses) - - - N/A

Net change in fund balance (81,556,000) (33,190,969) 48,365,031

Fund balance, beginning 125,398,159 125,398,159 -

Fund balance, ending $ 43,842,159 $ 92,207,190 $ 48,365,031

Expected year-end fund (deficit) as percentage of annual expenditure budget 51.72%

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St. Vrain Valley School District RE-1J Capital Reserve Capital Projects Fund (43) Year-to-Date Actual to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1 to April 30

FY19 FY20 July - April July - April Dollar Percent Actual Actual Variance Variance

Revenues Allocation from General, CPP Funds $ 8,950,774 $ 5,067,351 $ (3,883,423) -43.39% Investment income, 1500 160,238 159,239 (999) -0.62% Miscellaneous , 1930 213,675 187,868 (25,807) -12.08% Total revenues 9,324,687 5,414,458 (3,910,229) -41.93%

Expenditures Capital projects 6,202,452 6,531,740 329,288 5.31% Total expenditures 6,202,452 6,531,740 329,288 5.31%

Excess (deficiency) of revenues over (under) expenditures 3,122,235 (1,117,282) (4,239,517) -135.78%

Other Financing Sources (Uses) Transfer from other funds - 371,060 371,060 N/A

Net change in fund balance 3,122,235 (746,222) (3,868,457) -123.90%

Fund balance, beginning 7,714,189 9,305,415 1,591,226 20.63%

Fund balance, ending $ 10,836,424 $ 8,559,193 $ (2,277,231) -21.01%

23 St. Vrain Valley School District RE-1J Capital Reserve Capital Projects Fund (43) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Allocation from General, CPP Funds $ 9,910,361 $ 8,950,774 $ (959,587) 90.32% Investment income, 1500 165,000 160,238 (4,762) 97.11% Miscellaneous , 1930 75,000 213,675 138,675 284.90% Total revenues 10,150,361 9,324,687 (825,674) 91.87%

Expenditures Capital projects 9,960,000 6,202,452 3,757,548 62.27% Total expenditures 9,960,000 6,202,452 3,757,548 62.27%

Excess (deficiency) of revenues over (under) expenditures 190,361 3,122,235 2,931,874

Other Financing Sources (Uses) Transfer from other funds - - - N/A

Net change in fund balance 190,361 3,122,235 2,931,874

Fund balance, beginning 7,714,189 7,714,189 -

Fund balance, ending $ 7,904,550 $ 10,836,424 $ 2,931,874

Expected year-end fund balance as percentage of annual expenditure budget 79.36%

24 St. Vrain Valley School District RE-1J Capital Reserve Capital Projects Fund (43) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Allocation from General, CPP Funds $ 6,080,821 $ 5,067,351 $ (1,013,470) 83.33% Investment income, 1500 220,000 159,239 (60,761) 72.38% Miscellaneous , 1930 191,677 187,868 (3,809) 98.01% Total revenues 6,492,498 5,414,458 (1,078,040) 83.40%

Expenditures Capital projects 10,044,106 6,531,740 3,512,366 65.03% Total expenditures 10,044,106 6,531,740 3,512,366 65.03%

Excess (deficiency) of revenues over (under) expenditures (3,551,608) (1,117,282) 2,434,326

Other Financing Sources (Uses) Transfer from other funds 371,060 371,060 - 100.00%

Net change in fund balance (3,180,548) (746,222) 2,434,326

Fund balance, beginning 9,305,415 9,305,415 -

Fund balance, ending $ 6,124,867 $ 8,559,193 $ 2,434,326

Expected year-end fund balance as percentage of annual expenditure budget 60.98%

25 GOVERNMENTAL FUNDS

Special Revenue Funds

The Community Education Fund is used to record the tuition-based activities including summer school, Pre-K child care, K-5 child care, and enrichment, as well as facility use rental income and community grants and awards.

In accordance with intergovernmental agreements, the Fair Contributions Fund is used to collect money for the acquisition, development, or expansion of public school sites based on impacts created by residential subdivisions.

The Governmental Designated-Purpose Grants Fund is used to account for restricted state and federal grants including, but not limited to, Title I Part A – Improving the Academic Achievement of the Disadvantaged and Individuals with Disabilities Education Act (IDEA Part B).

The Nutrition Services Fund accounts for the food service operations of the District. Nutrition Services provides quality, nutritious and well balanced meals to students throughout District schools.

The Student Activity Fund is used to record financial transactions related to school sponsored pupil intrascholastic and interscholastic athletic and other related activities. Revenues of this fund are primarily from student fees, gate receipts, and gifts.

St. Vrain Valley School District RE-1J Community Education Fund (27) Year-to-Date Actual to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1 to April 30

FY19 FY20 July - April July - April Dollar Percent Actual Actual Variance Variance Revenues Investment income $ 74,077 $ 59,362 $ (14,715) -19.86% Charges for services A Drivers Education Program, prgm 0850 275,214 (998) (276,212) -100.36% B Summer School Program, prgm 0080, 0091,79,975 1250 & 2410 35,020 (44,955) -56.21% Community School Programs C Pre-K Child Care 654,498 568,773 (85,725) -13.10% D K-5 Child Care 3,262,125 2,899,680 (362,445) -11.11% E Enrichment , 3300 pgm not location 699479,974 404,887 (75,087) -15.64% F C/S Central Office 169,325 115,707 (53,618) -31.67% Facility Use G School Bldgs' Share, prgm 3220 53,593 55,915 2,322 4.33% H Central Office Share 316,012 243,885 (72,127) -22.82% I Community Grants & Awards 483,613 589,852 106,239 21.97% J Other Programs 113,278 107,446 (5,832) -5.15% Total revenues 5,961,684 5,079,529 (882,155) -14.80% Expenditures A Drivers Education Program, prgm 0850 371,432 104,486 (266,946) -71.87% B Summer School Program, prgm 0080, 0091,43,464 1250 & 2410 76,218 32,754 75.36% Community School Programs C Pre-K Child Care 556,538 553,039 (3,499) -0.63% D K-5 Child Care 2,393,440 2,505,417 111,977 4.68% E Enrichment , 3300 pgm not location 699364,057 376,469 12,412 3.41% F C/S Central Office 601,318 652,965 51,647 8.59% Facility Use G School Bldgs' Share, prgm 3220 45,126 50,258 5,132 11.37% H Central Office Share 659,701 269,976 (389,725) -59.08% I Community Grants & Awards 204,830 366,481 161,651 78.92% J Other Programs 225,479 212,284 (13,195) -5.85% Total expenditures 5,465,385 5,167,593 (297,792) -5.45% Excess (deficiency) of revenues over (under) expenditures 496,299 (88,064) (584,363) -117.74% Other Financing Sources (Uses) Transfer-General Fund (Fd 10) - 450,000 450,000 N/A Transfer-Student Act (Fd 23), net 5,022 (34,463) (39,485) -786.24% Net change in fund balance 501,321 327,473 (173,848) -34.68% Fund balance, beginning 3,328,369 3,445,670 117,301 3.52% Fund balance, ending $ 3,829,690 $ 3,773,143 $ (56,547) -1.48%

27 St. Vrain Valley School District RE-1J Community Education Fund (27) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income $ 80,000 $ 74,077 $ (5,923) 92.60% Charges for services 7,214,000 5,887,607 (1,326,393) 81.61% Total revenues 7,294,000 5,961,684 (1,332,316) 81.73%

Expenditures Instruction 5,150,000 3,916,279 1,233,721 76.04% Support services 1,850,000 1,496,175 353,825 80.87% Capital outlay 100,000 52,931 47,069 52.93% Total expenditures 7,100,000 5,465,385 1,634,615 76.98%

Excess (deficiency) of revenues over (under) expenditures 194,000 496,299 302,299

Other Financing Sources (Uses) Transfer-General Fund (Fd 10) - - - N/A Transfer-Student Act (Fd 23), net - 5,022 5,022 N/A

Net change in fund balance 194,000 501,321 307,321

Fund balance, beginning 3,328,369 3,328,369 -

Fund balance, ending $ 3,522,369 $ 3,829,690 $ 307,321

Expected year-end fund balance as percentage of annual expenditure budget 49.61%

28 St. Vrain Valley School District RE-1J Community Education Fund (27) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income $ 86,000 $ 59,362 $ (26,638) 69.03% Charges for services 7,014,000 5,020,167 (1,993,833) 71.57% Total revenues 7,100,000 5,079,529 (2,020,471) 71.54%

Expenditures Instruction 4,916,918 3,743,972 1,172,946 76.14% Support services 2,383,082 1,388,074 995,008 58.25% Capital outlay 100,000 35,547 64,453 35.55% Total expenditures 7,400,000 5,167,593 2,232,407 69.83%

Excess (deficiency) of revenues over (under) expenditures (300,000) (88,064) 211,936

Other Financing Sources (Uses) Transfer-General Fund (Fd 10) 450,000 450,000 - 100.00% Transfer-Student Act (Fd 23), net (42,000) (34,463) 7,537 82.05%

Net change in fund balance 108,000 327,473 219,473

Fund balance, beginning 3,445,670 3,445,670 -

Fund balance, ending $ 3,553,670 $ 3,773,143 $ 219,473

Expected year-end fund balance as percentage of annual expenditure budget 48.02%

29 St. Vrain Valley School District RE-1J Fair Contributions Fund (29) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income, 1510 $ 75,000 $ 125,314 $ 50,314 167.09% Cash in lieu 2,100,000 2,240,455 140,455 106.69% Miscellaneous - - - N/A Total revenues 2,175,000 2,365,769 190,769 108.77%

Expenditures Purchased services, 300's 500,000 360,262 139,738 72.05% Capital outlay, 700's 2,000,000 159,630 1,840,370 7.98% Total expenditures 2,500,000 519,892 1,980,108 20.80%

Excess (deficiency) of revenues over (under) expenditures (325,000) 1,845,877 2,170,877

Fund balance, beginning 5,378,716 5,378,716 -

Fund balance, ending $ 5,053,716 $ 7,224,593 $ 2,170,877

Expected year-end fund balance as percentage of annual expenditure budget 202.15%

30 St. Vrain Valley School District RE-1J Fair Contributions Fund (29) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income, 1510 $ 150,000 $ 106,999 $ (43,001) 71.33% Cash in lieu 2,500,000 964,585 (1,535,415) 38.58% Miscellaneous - 70 70 N/A Total revenues 2,650,000 1,071,654 (1,578,346) 40.44%

Expenditures Purchased services, 300's 500,000 7,200 492,800 1.44% Capital outlay, 700's 1,600,000 1,370,055 229,945 85.63% Total expenditures 2,100,000 1,377,255 722,745 65.58%

Excess (deficiency) of revenues over (under) expenditures 550,000 (305,601) (855,601)

Fund balance, beginning 7,591,821 7,591,821 -

Fund balance, ending $ 8,141,821 $ 7,286,220 $ (855,601)

Expected year-end fund balance as percentage of annual expenditure budget 387.71%

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St. Vrain Valley School District RE-1J Governmental Designated-Purpose Grants Fund (22) Year-to-Date Actual to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1 to April 30

FY19 FY20 July - April July - April Dollar Percent Actual Actual Variance Variance

Revenues State grants, TOTAL $ 712,732 $ 1,801,339 $ 1,088,607 152.74% Federal grants, TOTAL 3,298,103 3,565,937 267,834 8.12% Total revenues 4,010,835 5,367,276 1,356,441 33.82%

Expenditures Salaries , 0100s 4,551,994 5,116,431 564,437 12.40% Benefits , 0200s 1,525,649 1,775,929 250,280 16.40% Purchased services, 0300, 0400, 0500s 402,895 618,473 215,578 53.51% Supplies and materials, 0600s 370,774 590,113 219,339 59.16% Other, 0800 and 0900s 26,168 15,919 (10,249) -39.17% Capital outlay, 0700s 57,624 40,325 (17,299) -30.02% Total expenditures 6,935,104 8,157,190 1,222,086 17.62%

Excess (deficiency) of revenues over (under) expenditures (2,924,269) (2,789,914) 134,355 4.59%

Fund balance, beginning - - - N/A

Fund (deficit), ending $ (2,924,269) $ (2,789,914) $ 134,355 4.59%

33 St. Vrain Valley School District RE-1J Governmental Designated-Purpose Grants Fund (22) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues State grants, TOTAL $ 807,477 $ 712,732 $ (94,745) 88.27% Federal grants, TOTAL 11,489,962 3,298,103 (8,191,859) 28.70% Total revenues 12,297,439 4,010,835 (8,286,604) 32.62%

Expenditures Salaries , 0100s 6,317,231 4,551,994 1,765,237 72.06% Benefits , 0200s 2,162,686 1,525,649 637,037 70.54% Purchased services, 0300, 0400, 0500s 701,218 402,895 298,323 57.46% Supplies and materials, 0600s 2,253,946 370,774 1,883,172 16.45% Other, 0800 and 0900s 824,799 26,168 798,631 3.17% Capital outlay, 0700s 37,559 57,624 (20,065) 153.42% Total expenditures 12,297,439 6,935,104 5,362,335 56.39%

Excess (deficiency) of revenues over (under) expenditures - (2,924,269) (2,924,269)

Fund balance, beginning - - -

Fund balance (deficit), ending $ - $ (2,924,269) $ (2,924,269)

Expected year-end fund (deficit) as percentage of annual expenditure budget 0.00%

34 St. Vrain Valley School District RE-1J Governmental Designated-Purpose Grants Fund (22) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues State grants, TOTAL $ 2,303,255 $ 1,801,339 $ (501,916) 78.21% Federal grants, TOTAL 11,775,660 3,565,937 (8,209,723) 30.28% Total revenues 14,078,915 5,367,276 (8,711,639) 38.12%

Expenditures Salaries , 0100s 6,476,980 5,116,431 1,360,549 78.99% Benefits , 0200s 2,439,271 1,775,929 663,342 72.81% Purchased services, 0300, 0400, 0500s 1,234,654 618,473 616,181 50.09% Supplies and materials, 0600s 3,038,661 590,113 2,448,548 19.42% Other, 0800 and 0900s 889,349 15,919 873,430 1.79% Capital outlay, 0700s - 40,325 (40,325) N/A Total expenditures 14,078,915 8,157,190 5,921,725 57.94%

Excess (deficiency) of revenues over (under) expenditures - (2,789,914) (2,789,914)

Fund balance, beginning - - -

Fund balance (deficit), ending $ - $ (2,789,914) $ (2,789,914)

Expected year-end fund balance as percentage of annual expenditure budget 0.00%

35 St. Vrain Valley School District RE-1J Nutrition Services Fund (21) Balance Sheet (Unaudited) As of April 30,

2019 2020 Assets Cash and investments $ 1,376,249 $ 359,093 Accounts receivable 442 761 Grants receivable 583,764 269,410 A Inventories 766,624 813,992 Total assets $ 2,727,079 $ 1,443,256

Liabilities Accrued salaries and benefits $ 124,839 $ 158,516 Total liabilities 124,839 158,516

Fund balance Nonspendable: prepaids, inventories 766,624 813,992 Restricted 1,835,616 470,748 Total fund balance 2,602,240 1,284,740 Total liabilities and fund balance $ 2,727,079 $ 1,443,256

Footnote

A The State match and National School Lunch/Breakfast program revenues have been adjusted to reflect reimbursements requested but not yet received by period end.

36 St. Vrain Valley School District RE-1J Nutrition Services Fund (21) Year-to-Date Actual to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1 to April 30

FY19 FY20 July - April July - April Dollar Percent Actual Actual Variance Variance

1 Revenues 2 Investment income, 1510 $ 21,045 $ 16,865 $ (4,180) -19.86% 3 Charges for service, 1610+1632 3,540,011 3,416,117 (123,894) -3.50% 4 Miscellaneous , 1690 32,244 46,302 14,058 43.60% 5 State match 3161 184,960 182,545 (2,415) -1.31% A 6 Commodities entitlement 625,974 569,191 (56,783) -9.07% 7 Nat'l School Lunch/Breakfast Pgm, 4553+4555 4,440,713 3,818,135 (622,578) -14.02% A 8 Total revenues 8,844,947 8,049,155 (795,792) -9.00% 9 10 Expenditures 11 Salaries , 100 3,024,208 3,300,199 275,991 9.13% 12 Benefits , 200 1,238,790 1,382,857 144,067 11.63% 13 Purchased services, 400, 500 82,051 95,886 13,835 16.86% 14 Supplies and materials 4,198,432 4,024,942 (173,490) -4.13% 15 Capital outlay 16,247 13,274 (2,973) -18.30% 16 Other, 0800 4,480 6,241 1,761 39.31% 17 Total expenditures 8,564,208 8,823,399 259,191 3.03% 18 19 Excess (deficiency) of revenues 20 over (under) expenditures 280,739 (774,244) (1,054,983) -375.79% 21 22 Fund balance, beginning 2,321,501 2,058,984 (262,517) -11.31% 23 24 Fund balance, ending $ 2,602,240 $ 1,284,740 $ (1,317,500) -50.63%

Footnote

A The State match and National School Lunch/Breakfast program revenues have been adjusted to reflect reimbursements requested but not yet received by period end.

37 St. Vrain Valley School District RE-1J Nutrition Services Fund (21) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

1 Revenues 2 Investment income, 1510 $ 23,000 $ 21,045 $ (1,955) 91.50% 3 Charges for service, 1610+1632 3,967,438 3,540,011 (427,427) 89.23% 4 Miscellaneous , 1690 60,000 32,244 (27,756) 53.74% 5 State match 3161 198,594 184,960 (13,634) 93.13% 6 Commodities entitlement 666,806 625,974 (40,832) 93.88% 7 Nat'l School Lunch/Breakfast Pgm, 4553+4555 5,091,558 4,440,713 (650,845) 87.22% 8 Total revenues 10,007,396 8,844,947 (1,162,449) 88.38% 9 10 Expenditures 11 Salaries , 100 3,623,672 3,024,208 599,464 83.46% 12 Benefits , 200 1,446,006 1,238,790 207,216 85.67% 13 Purchased services, 400, 500 135,000 82,051 52,949 60.78% 14 Supplies and materials 4,882,806 4,198,432 684,374 85.98% 15 Capital outlay 35,000 16,247 18,753 46.42% 16 Other 100,000 4,480 95,520 4.48% 17 Total expenditures 10,222,484 8,564,208 1,658,276 83.78% 18 19 Excess (deficiency) of revenues 20 over (under) expenditures (215,088) 280,739 495,827 21 22 Fund balance, beginning 2,321,501 2,321,501 - 23 24 Fund balance, ending $ 2,106,413 $ 2,602,240 $ 495,827 25 26 Expected year-end fund balance as percentage 27 of annual expenditure budget 20.61%

38 St. Vrain Valley School District RE-1J Nutrition Services Fund (21) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

1 Revenues 2 Investment income, 1510 $ 24,000 $ 16,865 $ (7,135) 70.27% 3 Charges for service, 1610+1632 4,588,000 3,416,117 (1,171,883) 74.46% 4 Miscellaneous , 1690 60,000 46,302 (13,698) 77.17% 5 State match 3161 199,500 182,545 (16,955) 91.50% 6 Commodities entitlement 670,000 569,191 (100,809) 84.95% 7 Nat'l School Lunch/Breakfast Pgm, 4553+4555 5,049,000 3,818,135 (1,230,865) 75.62% 8 Total revenues 10,590,500 8,049,155 (2,541,345) 76.00% 9 10 Expenditures 11 Salaries , 100 3,940,800 3,300,199 640,601 83.74% 12 Benefits , 200 1,734,300 1,382,857 351,443 79.74% 13 Purchased services, 400, 500 108,000 95,886 12,114 88.78% 14 Supplies and materials 5,121,600 4,024,942 1,096,658 78.59% 15 Capital outlay 35,000 13,274 21,726 37.93% 16 Other 100,000 6,241 93,759 6.24% 17 Total expenditures 11,039,700 8,823,399 2,216,301 79.92% 18 19 Excess (deficiency) of revenues 20 over (under) expenditures (449,200) (774,244) (325,044) 21 22 Fund balance, beginning 2,058,984 2,058,984 - 23 24 Fund balance, ending $ 1,609,784 $ 1,284,740 $ (325,044) 25 26 Expected year-end fund balance as percentage 27 of annual expenditure budget 14.58%

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St. Vrain Valley School District RE-1J Student Activity (Special Revenue) Fund (23) Year-to-Date Actual to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1 to April 30

FY19 FY20 July - April July - April Dollar Percent Actual Actual Variance Variance

Revenues Investment income $ 107,794 $ 92,959 $ (14,835) -13.76% Athletic activities 2,402,904 2,531,356 128,452 5.35% Pupil activities 3,107,500 3,072,096 (35,404) -1.14% PTO/Gift activities 638,217 569,394 (68,823) -10.78% Total revenues 6,256,415 6,265,805 9,390 0.15%

Expenditures Athletic activities 2,517,892 2,167,812 (350,080) -13.90% Pupil activities 2,270,308 2,548,210 277,902 12.24% PTO/Gift activities 565,128 582,593 17,465 3.09% Total expenditures 5,353,328 5,298,615 (54,713) -1.02%

Excess (deficiency) of revenues over (under) expenditures 903,087 967,190 64,103

Other Financing Sources (Uses) Transfer - Comm'y Educ (Fund 27), net (5,022) 34,463 39,485 -786.24% Transfer - Capital Reserve (Fund 43) - (225,000) (225,000) N/A Total other financing sources (uses) (5,022) (190,537) (185,515) 3694.05%

Net change in fund balance 898,065 776,653 (121,412)

Fund balance, beginning 5,234,070 5,513,273 279,203

Fund balance, ending $ 6,132,135 $ 6,289,926 $ 157,791

41 St. Vrain Valley School District RE-1J Student Activity (Special Revenue) Fund (23) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2018 to April 30, 2019

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income $ 100,000 $ 107,794 $ 7,794 107.79% Athletic activities 2,800,000 2,402,904 (397,096) 85.82% Pupil activities 4,000,000 3,107,500 (892,500) 77.69% PTO/Gift activities 640,000 638,217 (1,783) 99.72% Total revenues 7,540,000 6,256,415 (1,283,585) 82.98%

Expenditures Athletic activities 2,600,000 2,517,892 82,108 96.84% Pupil activities 3,800,000 2,270,308 1,529,692 59.74% PTO/Gift activities 800,000 565,128 234,872 70.64% Total expenditures 7,200,000 5,353,328 1,846,672 74.35%

Excess (deficiency) of revenues over (under) expenditures 340,000 903,087 563,087

Other Financing Sources (Uses) Transfer - Comm'y Educ (Fund 27), net - (5,022) (5,022) N/A Transfer - Capital Reserve (Fund 43) - - - N/A Total other financing sources (uses) - (5,022) (5,022) N/A

Net change in fund balance 340,000 898,065 558,065

Fund balance, beginning 5,234,070 5,234,070 -

Fund balance, ending $ 5,574,070 $ 6,132,135 $ 558,065

Expected year-end fund balance as percentage of annual expenditure budget 77.42%

42 St. Vrain Valley School District RE-1J Student Activity (Special Revenue) Fund (23) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenditures, and Changes in Fund Balance For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income $ 128,000 $ 92,959 $ (35,041) 72.62% Athletic activities 2,900,000 2,531,356 (368,644) 87.29% Pupil activities 3,800,000 3,072,096 (727,904) 80.84% PTO/Gift activities 940,000 569,394 (370,606) 60.57% Total revenues 7,768,000 6,265,805 (1,502,195) 80.66%

Expenditures Athletic activities 3,300,000 2,167,812 1,132,188 65.69% Pupil activities 3,800,000 2,548,210 1,251,790 67.06% PTO/Gift activities 900,000 582,593 317,407 64.73% Total expenditures 8,000,000 5,298,615 2,701,385 66.23%

Excess (deficiency) of revenues over (under) expenditures (232,000) 967,190 1,199,190

Other Financing Sources (Uses) Transfer - Comm'y Educ (Fund 27), net 42,000 34,463 (7,537) 82.05% Transfer - Capital Reserve (Fund 43) (225,000) (225,000) - 100.00% Total other financing sources (uses) (183,000) (190,537) (7,537) 104.12%

Net change in fund balance (415,000) 776,653 1,191,653

Fund balance, beginning 5,513,273 5,513,273 -

Fund balance, ending $ 5,098,273 $ 6,289,926 $ 1,191,653

Expected year-end fund balance as percentage of annual expenditure budget 63.73%

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PROPRIETARY FUNDS

Internal Service Fund

The District’s only internal service fund is the Self Insurance Fund which accounts for the financial transactions related to the dental and healthcare plans. The fund collects premiums and pays claims for medical and dental plan benefits.

Enterprise Fund

Previously, the District’s only enterprise fund is the Nutrition Services Fund which accounts for the financial transactions related to the food service operations of the District. However, effective July 1, 2014, this fund was deemed a special revenue fund by the Colorado Department of Education Financial Policies & Procedures Committee to align the compliance, accounting, and reporting of the federal grant program. Refer to the special revenue section for the Nutrition Services Fund statements.

St. Vrain Valley School District RE-1J Self Insurance Fund (65) Statement of Fund Net Position (Unaudited) As of April 30,

2019 2020 Assets Current assets Cash and investments $ 5,188,573 $ 8,489,000 Accounts receivable 92 92 Total current assets 5,188,665 8,489,092 Noncurrent assets Restricted cash and cash equivalents 3,764,143 3,843,806 Total assets 8,952,808 12,332,898

Liabilities Claims payable 1,716,000 1,613,000 A Total liabilities 1,716,000 1,613,000

Net Position Restricted for contractual obligations 3,764,143 3,843,806 Unrestricted 3,472,665 6,876,092 Total net position $ 7,236,808 $ 10,719,898

Footnote

A Claims payable represents the approximate amount incurred but not paid or incurred but not reported as of the prior fiscal year end (6/30) and is adjusted annually.

46 St. Vrain Valley School District RE-1J Self Insurance Fund (65) Year-to-Date Actual to Actual (Unaudited) Statement of Revenues, Expenses, and Changes in Fund Net Position For the period July 1 to April 30

FY19 FY20 July - April July - April Dollar Percent Actual Actual Variance Variance

Revenues Investment income, 1510 $ 108,641 $ 90,540 $ (18,101) -16.66% Miscellaneous - 77,460 77,460 N/A Employee benefit premiums 17,366,596 19,711,371 2,344,775 13.50% Total revenues 17,475,237 19,879,371 2,404,134 13.76%

Expenses Salaries 154,966 148,550 (6,416) -4.14% Benefits 46,198 47,450 1,252 2.71% Purchased services 2,155,630 2,666,405 510,775 23.69% Supplies and materials - - - N/A Other 589,404 677,502 88,098 14.95% Claims paid 11,739,521 12,114,269 374,748 3.19% Total expenses 14,685,719 15,654,176 968,457 6.59%

Change in net position 2,789,518 4,225,195 1,435,677 51.47%

Net position, beginning 4,447,290 6,494,703 2,047,413 46.04%

Net position, ending $ 7,236,808 $ 10,719,898 $ 3,483,090 48.13%

47 St. Vrain Valley School District RE-1J Self Insurance Fund (65) Prior Year Budget to Actual (Unaudited) Statement of Revenues, Expenses, and Changes in Fund Net Position For the period July 1, 2019 to April 30, 2020

FY19 FY19 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income, 1510 $ 100,000 $ 108,641 $ 8,641 108.64% Miscellaneous 50,000 - (50,000) 0.00% Employee benefit premiums 21,075,000 17,366,596 (3,708,404) 82.40% Total revenues 21,225,000 17,475,237 (3,749,763) 82.33%

Expenses Salaries 190,000 154,966 35,034 81.56% Benefits 55,000 46,198 8,802 84.00% Purchased services 2,669,000 2,155,630 513,370 80.77% Supplies and materials 5,000 - 5,000 0.00% Equipment 875,000 589,404 285,596 67.36% Claims paid 16,632,000 11,739,521 4,892,479 70.58% Total expenses 20,426,000 14,685,719 5,740,281 71.90%

Change in fund net position 799,000 2,789,518 1,990,518

Fund net position, beginning 4,447,290 4,447,290 -

Fund net position, ending $ 5,246,290 $ 7,236,808 $ 1,990,518

Expected year-end net position as percentage of annual deduction budget 25.68%

48 St. Vrain Valley School District RE-1J Self Insurance Fund (65) Current Year Budget to Actual (Unaudited) Statement of Revenues, Expenses, and Changes in Fund Net Position For the period July 1, 2019 to April 30, 2020

FY20 FY20 % of Amended July - April Balance Actual to Budget Actual Remaining Budget

Revenues Investment income, 1510 $ 120,000 $ 90,540 $ (29,460) 75.45% Miscellaneous 10,000 77,460 67,460 774.60% Employee benefit premiums 23,571,000 19,711,371 (3,859,629) 83.63% Total revenues 23,701,000 19,879,371 (3,821,629) 83.88%

Expenses Salaries 205,200 148,550 56,650 72.39% Benefits 60,480 47,450 13,030 78.46% Purchased services 3,652,480 2,666,405 986,075 73.00% Supplies and materials 5,400 - 5,400 0.00% Other 820,000 677,502 142,498 82.62% Claims paid 18,791,136 12,114,269 6,676,867 64.47% Total expenses 23,534,696 15,654,176 7,880,520 66.52%

Change in fund net position 166,304 4,225,195 4,058,891

Fund net position, beginning 6,494,703 6,494,703 -

Fund net position, ending $ 6,661,007 $ 10,719,898 $ 4,058,891

Expected year-end net position as percentage of annual deduction budget 28.30%

INVESTMENT REPORT

St. Vrain Valley School District RE-1J Monthly Investment Report At April 30, 2020

Current Annualized Fund Colotrust UMB Total Month Percent Interest

General $ 77,347,933 $ 77,347,933 0.93 $ 79,490

Risk Management $ 6,799,784 $ 6,799,784 0.93 6,173

Colorado Preschool $ 747,034 $ 747,034 0.93 678

Nutrition Service $ 1,076,949 $ 1,076,949 0.93 978

Student Activity Spec Revenue $ 5,936,151 $ 5,936,151 0.93 5,389

Community School $ 3,790,692 $ 3,790,692 0.93 3,442

Fair Contributions $ 6,832,681 $ 6,832,681 0.93 6,203

UMB Bond $ 32,242,240 $ 32,242,240 NRA 30,346

Building 2016 $ 38,422,041 $ 38,422,041 0.93 36,112 Building 2018 $51,989,774 $ 51,989,774 0.93 47,201 Building Total $ 90,411,815 83,312

Capital Reserve $ 8,547,928 $ 8,547,928 0.93 8,364

Health Insurance Trust $ 3,843,806 $ 3,843,806 0.93 3,490 Minimum Liability $ 3,719,092 $ 3,719,092 0.93 3,377 Self Insurance Total $ 7,562,898 6,866

Total $ 209,053,865 $ 32,242,240 $ 241,296,105 $ 231,242

6.2

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: FY20 3rd Quarter Public Gifts to Schools Strategic Priority – Strong District Finances

PURPOSE

To provide the Board of Education with a list of public gifts given to the St. Vrain Valley School District for the third quarter of the 2019-2020 school year totaling $291,576.78.

BACKGROUND

During the course of the year, the District receives many cash and gift donations for its programs. These gifts are accepted by the principal, the superintendent or the Board of Education according to Board Policy KCD, Public Gifts to Schools. The attached listing delineates these gifts. For the 2018-2019 school year, third quarter gifts totaled $328,419.10. 2019‐2020 Public Gifts, Third Quarter Date Donor Amount and/or Value Location Description 12/20/2019 James Asmus$ 4,000.00 CDC ‐ 408 Vehicle for automotive students to use in class 11/20/2019 Michelle & Christopher Edwards$ 50.00 ERM ‐ 251 6th grade outdoor education field trip 11/19/2019 Caryn & Doug Barnes$ 40.00 ERM ‐ 251 6th grade outdoor education field trip 11/21/2019 Magic Nails & Spa$ 50.00 ERM ‐ 251 6th grade outdoor education field trip 11/2/2019 Leslie & Michael Pritchard$ 50.00 ERM ‐ 251 6th grade outdoor education field trip 12/19/2019 Bison Brigade$ 646.43 GVE ‐ 132 Classroom supplies and materials 12/19/2019 Robert & Judi Newman$ 500.00 INV ‐ 647 Support for IC programs and STEM‐focused learning 1/6/2020 N & D Kinland $ 100.00 LEE ‐ 136 Library support 1/3/2020 PTAC$ 2,224.01 NIE ‐ 131 Paraprofessional salaries 12/19/2019 PTAC$ 1,150.00 NIE ‐ 131 Young American Center Field Trip 1/7/2020 Education Foundation$ 150.00 MEE ‐ 129 America Recycle Day Challenge Winner 2018 1/8/2020 Ray Betrand$ 200.00 MEH ‐ 305 Mead HS Wrestling Program Support 1/8/2020 Stadium Management Co. LLC$ 1,000.00 MEH ‐ 305 Mead HS Football Program Support 1/8/2020 Jason Kruse$ 1,000.00 NIE ‐ 131 Donation to Cougar Club 1/9/2020 American Furniture Warehouse$ 513.04 MEE ‐ 129 School Donation Program 1/9/2020 Mead Elementary PAC Group$ 173.30 MEE ‐ 129 Classroom supplies and materials 1/9/2020 Spark! PTO$ 919.29 SPK ‐ 126 Grant for classroom materials 1/6/2020 Gilmore Voice Studio$ 200.00 ERM ‐ 251 Support for choir program 12/17/2019 Dawnia & Douglas Dresser$ 50.00 ERM ‐ 251 6th grade outdoor education field trip 1/8/2020 Jeannie Hulse Insurance & Financial Services$ 250.00 ERM ‐ 251 Support for choir program 12/16/2019 Donald Shea$ 250.00 TRM ‐ 250 Support for Robotics Club 1/13/2020 Scott Griffin$ 1,300.00 TRM ‐ 250 Support for Robotics Club 1/13/2020 Steven Stegmier$ 3,950.00 CDC ‐ 408 Vehicle for automotive students to use in class 1/13/2020 Tonya Vigil$ 1,500.00 CDC ‐ 408 Vehicle for automotive students to use in class 1/13/2020 Peterson Young PC$ 2,500.00 MEH ‐ 305 Mead HS Basketball Program Support 1/13/2020 William Peterson$ 2,500.00 MEH ‐ 305 Mead HS Baseball Program Support 1/15/2020 Tiffanie Basson$ 750.00 MEH ‐ 305 Mead HS Basketball Program Support 1/15/2020 Great Western Operating Company LLC$ 2,500.00 MEH ‐ 305 Mead HS Baseball JC & C Team Uniform Purchase 1/14/2020 NHS Booster Club$ 500.00 NIH ‐ 309 Stage technology 1/14/2020 NHS Booster Club$ 250.00 NIH ‐ 309 NHS Forensic Support 1/14/2020 NHS Booster Club$ 150.00 NIH ‐ 309 NHS Orchestra Support 1/16/2020 Mile High Metal Works Inc. $ 1,000.00 MEH ‐ 305 Mead HS Golf Support 1/10/2020 Guitar Etc. $ 50.00 NIH ‐ 309 Support for NHS Orchestra 1/15/2020 OtterCares Foundation$ 250.00 THV ‐ 526 Classroom supplies for kindergarten area PTCO$ 873.68 ERE ‐ 125 Buses for Field Trips 12/20/2019 Erie Elementary PTO$ 804.00 ERE ‐ 125 Pay off outstanding balances in cafeteria 1/13/2020 PTCO$ 1,470.00 ERE ‐ 125 Field Trip Support 1/23/2020 NHS Booster Club$ 1,691.46 NIH ‐ 309 Boys' Basketball Paypal Fundraiser 1/23/2020 Lyons Booster Club$ 3,184.75 LMS ‐ 513 Support for yearbook, cross country, and technology 1/22/2020 NHS Booster Club$ 1,817.29 NIH ‐ 309 Support for NHS Band 1/23/2020 Law Office of Brandon Marinoff PC$ 1,200.00 FRH ‐ 318 HUDLE Online Team Playbook 1/21/2020 Anonymous$ 100.00 ERE ‐ 125 School Lunches PTOC$ 873.68 ERM ‐ 251 Buses for Field Trips 12/20/2019 Erie Elementary PTO$ 804.00 ERE ‐ 125 Cafeteria Charges 12/19/2019 Ecocycle$ 570.96 NIE ‐ 131 Buses to Ecocycle Field Trip 12/19/2019 PTAC$ 550.00 NIE ‐ 131 Payment for Perry Conway Assembly 12/19/2019 Education Foundation$ 662.00 NIE ‐ 131 Grant money for purchasing supplies 12/19/2019 Longmont Dairy$ 98.25 NIE ‐ 131 Student supplies 12/19/2019 Longmont Dairy$ 182.00 NIE ‐ 131 Student supplies 12/16/2019 Alicia Wallen$ 20.00 TRM ‐ 250 Support for orchestra program 12/16/2019 Joel Aberle$ 50.00 TRM ‐ 250 Support for band program 1/4/2020 Mr. and Mrs. Cook$ 3,000.00 CEN ‐ 123 Lexia and iReady licenses for students K‐5 1/3/2020 Stacy Duncan $ 2,000.00 NIH ‐ 309 Support for the basketball team 1/3/2020 Karen Eastis$ 1,500.00 ALP ‐ 141 Support for music program 1/22/2020 OtterCares Foundation$ 250.00 ERE ‐ 125 STEM Support 1/22/2020 Education Foundation$ 400.00 ERE ‐ 125 STEM Support 1/22/2020 Teresa Gonzalez$ 280.00 NIH ‐ 309 Meat for potluck 1/24/2020 Qdoba Mexican Eats$ 100.00 SUN ‐ 215 Breakfast Celebration 1/24/2020 Teresa Gonzalez$ 125.00 SUN ‐ 215 Breakfast Celebration 1/24/2020 Great Harvest Breaf Company$ 100.00 SUN ‐ 215 Breakfast Celebration 1/23/2020 United Way$ 255.29 LEE ‐ 136 Student activities 1/23/2020 Longmont Estates PTO$ 57.56 LEE ‐ 136 Teacher supplies 1/26/2020 Longmont Estates PTO$ 4,116.65 LEE ‐ 136 Q2 Paraprofessional Pay 1/24/2020 Education Foundation$ 300.00 MEE ‐ 129 Teacher Innovation Grant 1/24/2020 Education Foundation$ 400.00 SAN ‐ 140 STEM Materials and hands on technology 1/28/2020 Lifetouch National School Studies$ 1,731.81 MEE ‐ 129 Comission Check 1/26/2020 OtterCares Foundation$ 7,200.00 CEN ‐ 123 Grant for Innovation Lab supplies 1/27/2020 Niwot High School Education Foundation$ 4,500.00 NIH ‐ 309 Meet Fees, Honor Choir 1/29/2020 Legacy Elementary PTO$ 180.00 LEG ‐ 139 Reimbursement for field trip 1/29/2020 Les Schwab Tire Center$ 500.00 LIN ‐ 135 SES Supplies 1/28/2020 Bryan & Julie Pellom$ 50.00 ERM ‐ 251 6th grade outdoor education field trip 1/23/2020 Heather Beeson$ 50.00 ERM ‐ 251 6th grade outdoor education field trip 1/14/2020 Salon Halcyon$ 1,000.00 ERM ‐ 251 Choir program support 1/14/2020 Integral Physical Therapy$ 100.00 ERM ‐ 251 Choir program support 2/6/2020 Mead Elementary PAC Group$ 811.95 MEE ‐ 129 Classroom supplies and materials 2/6/2020 Mead Elementary PAC Group$ 126.74 MEE ‐ 129 Classroom supplies and materials 2/6/2020 Longmont Dairy Farm$ 90.00 MEE ‐ 129 Classroom Material Fee Donation 2/6/2020 Mead Elementary PAC Group$ 5,725.00 MEE ‐ 129 Classroom Sphero Kits 2/7/2020 Optimist Club$ 750.00 LHS ‐ 312 Arriba Club Support 2/7/2020 Optimist Club$ 1,000.00 LHS ‐ 312 Forensics Support 2/5/2020 PTO$ 383.80 ALP ‐ 141 Reimbursement for Fun Run Subs 2/10/2020 Jessi Curtis$ 3,940.00 SRG ‐ 552 Cyber Security computer lab class 2/10/2020 PTO$ 1,512.80 ALP ‐ 141 Field Trip Support 2/7/2020 Michael Tompkins$ 250.00 LIN ‐ 135 Orange cones, basketballs, frisbees 2/12/2020 Mary and Peter Van Konyneburg$ 100.00 SUN ‐ 215 School store donation 2/11/2020 Jason Scudder$ 3,324.00 CDC ‐ 408 Vehicle for automotive students to use in class 2/11/2020 Jennifer Hart$ 2,845.00 CDC ‐ 408 Vehicle for automotive students to use in class 2/12/2020 Ziggi's Ventures$ 250.00 MEH ‐ 305 Student Entry to Basketball Games 2/12/2020 BEC Longmont Inc. DBA Ziggi's$ 250.00 MEH ‐ 305 Student Entry to Basketball Games 2/12/2020 TBK Bank$ 1,000.00 MEH ‐ 305 Support for Mead Athletics 2/11/2020 Brian and Nancy Coppom$ 50.00 CEN ‐ 123 5th grade Cal‐Wood Outdoor Adventure Program 2/11/2020 PASS$ 604.91 SAN ‐ 140 Tshirts, 100 Club Prizes 2/12/2020 Mark & Allison Lavington$ 25.00 CEN ‐ 123 5th grade Cal‐Wood Outdoor Adventure Program 2/10/2020 Education Foundation$ 200.00 BRE ‐ 146 Flexible Seating for Problem Solving 2/10/2020 Education Foundation$ 400.00 BRE ‐ 146 Sketch Nothing Skedaddle Project, Logitech Crayons 2/10/2020 Xia Xue$ 500.00 BRE ‐ 146 5th grade classroom supplies 2/10/2020 Neil & Katherine Geitner$ 100.00 BRE ‐ 146 Support of school music program 2/10/2020 Black Rock Elementary PTO$ 105.84 BRE ‐ 146 Student books for Resource Classroom 2/10/2020 Black Rock Elementary PTO$ 286.00 BRE ‐ 146 Student books for Kindergarten Classrooms 2/10/2020 Black Rock Elementary PTO$ 622.29 BRE ‐ 146 Sensory and fidget items for counseling items 2/10/2020 Black Rock Elementary PTO$ 147.68 BRE ‐ 146 STEM supplies for kindergarten classrooms 2/10/2020 Black Rock Elementary PTO$ 33.90 BRE ‐ 146 Morpheme card pack for 4th grade classroom 2/10/2020 Black Rock Elementary PTO$ 408.17 BRE ‐ 146 Art supplies 2/10/2020 Black Rock Elementary PTO$ 279.87 BRE ‐ 146 Bluetooth speakers for music classroom 2/10/2020 Black Rock Elementary PTO$ 529.21 BRE ‐ 146 Purchase of headphone and headsets for 4th grade classroom 2/10/2020 Black Rock Elementary PTO$ 538.75 BRE ‐ 146 Purchase of cube truck for custodial use 2/10/2020 Black Rock Elementary PTO$ 600.00 BRE ‐ 146 Bus fees for 5th grade field trip 2/13/2020 Bison Brigade$ 401.06 GVE ‐ 132 Classroom supplies 2/12/2020 Longmont Estates PTO$ 636.97 LEE ‐ 136 Transportation and teacher supplies 1/29/2020 OtterCares Foundation$ 250.00 RME ‐ 137 Positive Behavior Incentives 2/13/2020 Parent Advisory Council$ 547.92 SUN ‐ 215 Desk bikes for student use in sensory room 2/13/2020 Parent Advisory Council$ 232.50 SUN ‐ 215 Logitech crayons for math classroom 2/13/2020 Valeria Eastman$ 100.00 SAN ‐ 140 Robotics Suppprt 2/13/2020 Karen Geissler$ 20.00 CEN ‐ 123 Book in memory of Darin Ward 2/20/2020 Black Rock Elementary PTO$ 10,000.00 BRE ‐ 146 Contribution toward purchase/installation of library cabinets 2/20/2020 Black Rock Elementary PTO$ 1,550.00 BRE ‐ 146 One year subscription to BrainPOP Jr. 2/20/2020 Tracy and Charles Webber$ 2,300.00 CDC ‐ 408 Vehicle for automotive students to use in class 2/13/2020 Chique by Kelly Salon$ 289.00 FRH ‐ 318 Equipment purchase 2/18/2020 Dwight & Jana Tilford$ 20.00 CEN ‐ 123 5th grade Cal‐Wood Outdoor Adventure Program 2/21/2020 Carey Jensen$ 800.00 CRM ‐ 221 Silver flute and music books 2/13/2020 OtterCares Foundation$ 250.00 THV ‐ 526 Classroom supplies 2/13/2020 Education Foundation$ 324.50 THV ‐ 526 Sensory needs for students K‐8th grade 2/19/2020 Lydia Kurniawian$ 250.00 NIH ‐ 309 Band program support 2/20/2020 Nicholas Carr$ 2,000.00 CDC ‐ 408 Vehicle for automotive students to use in class 2/20/2020 Niwot Boosters Club$ 200.00 NIH ‐ 309 Band program support 2/20/2020 Longmont Estates PTO$ 3,000.00 LEE ‐ 136 Donation for school SPED department 2/21/2020 Chipotle$ 212.07 SAN ‐ 140 Robotics Support 2/21/2020 Dickey's BBQ$ 80.25 SAN ‐ 140 Robotics Support 2/25/2020 Longmont Community Foundation$ 500.00 TMB ‐ 534 Special Education Department Support 2/27/2020 Bison Brigade$ 200.04 GVE ‐ 132 Kindergarten Classroom Supplies 2/25/2020 Arkins Park Stone$ 1,387.96 CRM ‐ 221 Tables in outdoor classroom and garden area 2/26/2020 Longmont Community Foundation$ 20,000.00 ERE ‐ 125 Student support 2/26/2020 University of Colorado$ 100.00 MEE ‐ 129 Participation in 2019 Smart Source Survey 3/2/2020 TBK Bark$ 1,000.00 FRH ‐ 318 Student support 3/2/2020 PAC$ 236.94 MEE ‐ 129 Classroom Materials and Support 3/6/2020 Peak Insurance Partners$ 500.00 FRH ‐ 318 Help fund state competition 3/7/2020 Bison Brigade$ 198.94 GVE ‐ 132 SPED Classroom Supplies 3/10/2020 Sarah Harriman$ 10,000.00 BUR ‐ 122 Outdoor Classroom 3/9/2020 Clarissa Edelen$ 1,100.00 CDC ‐ 408 Vehicle for automotive students to use in class 3/10/2020 Rob & Judy Orbanosky$ 1,020.00 CEN ‐ 123 Chromebooks for Classroom Use 3/10/2020 NHS Booster Club$ 993.17 NIH ‐ 309 Track and Field Donation 3/11/2020 Anthony Martinez$ 125.00 NIH ‐ 309 Choir program support 3/11/2020 John & Kristina Rose$ 250.00 NIH ‐ 309 Choir program support 3/11/2020 NHS Booster Club$ 340.00 NIH ‐ 309 Band program support 3/10/2020 Education Foundation$ 300.00 LEE ‐ 136 Teacher Innovation Grant 3/11/2020 Dutch Bros. Coffee$ 200.00 LIN ‐ 135 Staff respite 3/15/2020 Stephen Burris$ 240.00 ALT ‐ 254 Library Book Drive 3/12/2020 Apple$ 5,000.00 ESC ‐ 605 Support for Thomas Friedman 3/13/2020 Staap Toyota$ 2,000.00 NIH ‐ 309 Band program support 3/18/2020 Central Elementary PTO$ 10,957.00 CEN ‐ 123 Swing set for primary playground 2/7/2020 Wendy & Robert Hempen$ 195.00 ERM ‐ 251 6th grade outdoor education field trip 3/16/2020 Central Elementary PTO$ 3,500.00 CEN ‐ 123 Staff coverage for Extra Duty re: Robotics Program 3/20/2020 Big Daddy Bagels$ 65.00 SUN ‐ 215 Breakfast for IB Meeting 3/30/2020 NHS Booster Club$ 1,200.00 NIH ‐ 309 Drama support 3/13/2020 Fengping Gao$ 100.00 BRE ‐ 146 G/T Classroom Supplies 4/8/2020 Michael Duncan$ 10,000.00 NIH ‐ 309 Football Donation 4/9/2020 Mead Elementary PAC Group$ 162.67 MEE ‐ 129 Classroom Materials and Support 4/9/2020 Mead Elementary PAC Group$ 411.09 MEE ‐ 129 Classroom Materials and Support 4/9/2020 US'Again LLC$ 35.92 MEE ‐ 129 4Q19 Revenue Share 4/19/2020 Lyza Weisman $ 8,000.00 INV ‐ 647 Equipment for IC First Robotics Team 4/20/2020 Mead Elementary PAC Group$ 4,143.65 MEE ‐ 129 Classroom Materials and Support 4/8/2020 Your Cause LLC$ 160.00 BRE ‐ 146 Student Support 4/28/2020 Red Hawk Elementary PTO$ 8,441.31 RHE ‐ 149 Paraprofessional salaries 4/30/2020 NHS Booster Club$ 1,000.00 NIH ‐ 309 Booster Grant 4/30/2020 Bison Brigade$ 558.65 GVE ‐ 132 Classroom Supplies, Family Fun Night 4/30/2020 PASS$ 803.69 SAN ‐ 140 Various prizes and GeoBee registration 4/30/2020 PASS$ 395.00 SAN ‐ 140 Yard signs for departing 5th graders 5/6/2020 MJ Thomas Photography$ 1,281.03 NIE ‐ 131 Student Support 5/6/2020 PTAC$ 1,014.96 NIE ‐ 131 Bus & Field Trip Support 5/6/2020 PTAC$ 1,908.96 NIE ‐ 131 Books for Library 5/6/2020 Red Hawk Elementary PTO$ 5,759.16 RHE ‐ 149 Microphone Headsets for Musicals 4/20/2020 Education Foundation$ 200.00 NIE ‐ 131 Special Education Grant Application 5/4/2020 PTAC$ 158.40 NIE ‐ 131 3rd Grade Time for Kids 5/4/2020 PTAC$ 271.95 NIE ‐ 131 Bookbags for Kindergarten Students 5/4/2020 PTAC$ 108.90 NIE ‐ 131 2nd Grade Time for Kids 5/4/2020 PTAC$ 740.69 NIE ‐ 131 Field Trip Support 5/4/2020 PTAC$ 476.52 NIE ‐ 131 Games for Library 5/4/2020 PTAC$ 376.64 NIE ‐ 131 Field Trip Support 5/4/2020 PTAC$ 360.14 NIE ‐ 131 Field Trip Support 5/4/2020 PTAC$ 499.96 NIE ‐ 131 Portable Stage for Outdoor Movement 5/4/2020 PTAC$ 111.88 NIE ‐ 131 Supplies for Learning Design Challenge 4/20/2020 PTAC$ 371.00 NIH ‐ 309 Rental of Auditorium for NIE Students 5/6/2020 PTAC$ 18,909.79 NIE ‐ 131 Paraprofessional salaries 5/6/2020 PTAC$ 18,716.78 NIE ‐ 131 Paraprofessional salaries 4/13/2020 Andrew Steffen$ 50.00 TRM ‐ 250 Support for Robotics Program 5/11/2020 Longmont Estates PTO$ 367.27 LEE ‐ 136 Reimbursement of Teacher Purchases 2/28/2020 Andrew Steffen$ 73.50 TRM ‐ 250 Support for Robotics Program 5/13/2020 Burlington PTO$ 2,391.63 BUR ‐ 122 Paraprofessional salaries 5/13/2020 Burlington PTO$ 3,966.33 BUR ‐ 122 Paraprofessional salaries 5/13/2020 Burlington PTO$ 2,000.00 BUR ‐ 122 Field Trip Busses 5/13/2020 BD of Colorado LLC$ 133.03 BUR ‐ 122 Student activities 5/13/2020 Burlington PTO$ 8,000.00 BUR ‐ 122 Growing Dome Construction 4/27/2020 Mead Elementary PAC Group$ 946.58 MEE ‐ 129 Classroom Materials & Supplies 4/27/2020 Mead Elementary PAC Group$ 601.36 MEE ‐ 129 Classroom Materials & Supplies 4/27/2020 Mead Elementary PAC Group$ 248.64 MEE ‐ 129 Classroom Materials & Supplies 4/27/2020 Mead Elementary PAC Group$ 591.02 MEE ‐ 129 Classroom Materials & Supplies 5/18/2020 Red Hawk Elementary PTO$ 9,421.69 RHE ‐ 149 Two Instructional Paraprofessionals 5/18/2020 Red Hawk Elementary PTO$ 3,767.64 RHE ‐ 149 Two Instructional Paraprofessionals 5/18/2020 Mead Elementary PAC Group$ 3,218.11 MEE ‐ 129 Classroom Matericals & Supplies 5/19/2020 R. Hwen Sieckman$ 100.00 RME ‐ 137 Student Support 5/19/2020 Mary L. Tafel$ 50.00 RME ‐ 137 Student Support 11/12/2019 Lyons Elementary PTO$ 329.00 LEE ‐ 136 Recess Building Support 9/25/2019 Lyons Elementary PTO$ 347.28 LEE ‐ 136 Recess Building Support 10/11/2019 Lyons Elementary PTO$ 383.83 LEE ‐ 136 Recess Building Support 5/20/2020 Eugene E. Riley$ 50.00 LHS ‐ 312 School Supplies 2019‐2020 Public Gifts

School Name Abbreviation / Location Total Donations Parent Gift Groups General Gifts Donations by Quarter: Alpine Elementary ALP ‐ 141$ 7,762.62 $ 3,405.16 $ 4,357.46 1st $ 152,651.87 Altona Middle ALT ‐ 254$ 1,007.94 $ ‐ $ 1,007.94 2nd$ 222,259.60 APEX APX ‐ 570$ ‐ $ ‐ $ ‐ 3rd$ 291,576.78 Black Rock Elementary BRE ‐ 146$ 67,079.63 $ 65,619.63 $ 1,460.00 4th$ ‐ Blue Mountain Elementary BME ‐ 147$ 12,306.35 $ 7,306.35 $ 5,000.00 Total Parawages:$ 145,668.52 Burlington Elementary BUR ‐ 122$ 30,334.96 $ 20,201.93 $ 10,133.03 Total PTO Donations:$ 360,847.21 CDC CDC ‐ 408$ 28,187.00 $ ‐ $ 28,187.00 Total Overall Donations:$ 666,488.25 Centennial Elementary CNT ‐ 148$ 2,500.00 $ 2,500.00 $ ‐ Central Elementary CEN ‐ 123$ 26,953.22 $ 15,618.22 $ 11,335.00 Coal Ridge Middle CRM ‐ 221$ 2,907.96 $ ‐ $ 2,907.96 Columbine Elementary COL ‐ 124$ ‐ $ ‐ $ ‐ Eagle Crest Elementary ECE ‐ 142$ 15,413.72 $ 14,149.51 $ 1,264.21 Educational Services Center ESC ‐ 605$ 6,200.00 $ ‐ $ 6,200.00 Erie Elementary ERE ‐ 125$ 24,701.68 $ 3,951.68 $ 20,750.00 Erie High School ERH ‐ 311$ 6,100.00 $ ‐ $ 6,100.00 Erie Middle ERM ‐ 251$ 4,678.68 $ ‐ $ 4,678.68 Fall River Elementary FRV ‐ 144$ 4,386.74 $ 4,386.74 $ ‐ Frederick High School FRH ‐ 318$ 6,789.00 $ ‐ $ 6,789.00 Grand View Elementary GVE ‐ 132$ 31,467.79 $ ‐ $ 31,467.79 Hygiene Elementary HYG ‐ 127$ 389.87 $ ‐ $ 389.87 Indian Peaks Elementary IPE ‐ 138$ ‐ $ ‐ $ ‐ Innovation Center INV ‐ 647$ 20,204.00 $ ‐ $ 20,204.00 Legacy Elementary LEG ‐ 139$ 4,721.00 $ 4,541.00 $ 180.00 Lincoln School & Main Street LIN ‐ 135$ 2,150.00 $ ‐ $ 2,150.00 Longmont Estates LEE ‐ 136$ 25,444.65 $ 18,858.82 $ 6,585.83 Longmont High School LHS ‐ 312$ 2,481.00 $ ‐ $ 2,481.00 Longs Peak Middle LPM ‐ 216$ 347.28 $ 347.28 $ ‐ Lyons Elementary LYE ‐ 128$ 5,383.83 $ ‐ $ 5,383.83 Lyons Middle/Senior LMS ‐ 513$ 17,340.60 $ 14,585.60 $ 2,755.00 Mead Elemenary School MEE ‐ 129$ 43,725.32 $ 36,397.53 $ 7,327.79 Mead Middle School MEM ‐ 219$ 3,000.00 $ ‐ $ 3,000.00 Mead High School MEH ‐ 305$ 36,150.00 $ ‐ $ 36,150.00 Mountain View Elementary MVE ‐ 130$ 600.00 $ ‐ $ 600.00 Niwot Elementary NIE ‐ 131$ 51,629.26 $ 47,579.58 $ 4,049.68 Niwot High School NIH ‐ 309$ 80,618.20 $ 45,973.73 $ 34,644.47 Northridge Elementary NOR ‐ 133$ ‐ $ ‐ $ ‐ Olde Columbine High School OCH ‐ 301$ ‐ $ ‐ $ ‐ Prairie Ridge Elementary PRE ‐ 143$ ‐ $ ‐ $ ‐ Red Hawk Elementary RHE ‐ 149$ 46,938.37 $ 45,138.37 $ 1,800.00 Rocky Mountain Elementary RME ‐ 137$ 400.00 $ ‐ $ 400.00 Sanborn Elementary SAN ‐ 140$ 31,854.26 $ 24,843.92 $ 7,010.34 Silver Creek High School SCH ‐ 314$ 8,500.00 $ ‐ $ 8,500.00 Skyline High School SKY ‐ 310$ 1,050.00 $ ‐ $ 1,050.00 Soaring Heights PK‐8 SRG ‐ 552$ 3,940.00 $ ‐ $ 3,940.00 SPARK! Discovery Preschool SPK ‐ 126$ 919.29 $ 919.29 $ ‐ Sunset Middle SUN ‐ 215$ 6,139.42 $ 780.42 $ 5,359.00 Thunder Valley K‐8 THV ‐ 526$ 2,034.50 $ 1,210.00 $ 824.50 Timberline PK‐8 TMB ‐ 534$ 500.00 $ ‐ $ 500.00 Trail Ridge Middle TRM ‐ 250$ 5,212.66 $ ‐ $ 5,212.66 Westview Middle WES ‐ 220$ 3,705.00 $ ‐ $ 3,705.00 6.3

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Introduction of the Superintendent's Proposed Budget – All Funds for FY21 Strategic Priority – Strong District Finances

PURPOSE

To provide the Board of Education with the Introduction of the Superintendent's Proposed Budget – All Funds for Fiscal Year 2021.

BACKGROUND

The Proposed Fiscal Year 2021 Budget will be presented to the Board of Education on May 27, 2020. The Public Hearing of the FY21 Budget will take place on June 10, 2020, and the final budget adoption is scheduled for June 24, 2020. This timing complies with all the rules and regulations of the State of Colorado.

The budget document will be provided prior to the meeting.

St. Vrain Valley School District RE-1J Longmont, Colorado

Boulder, Broomfield, Larimer and Weld Counties

SUPERINTENDENT'S ADOPTED BUDGET

2021 Fiscal Year July 1, 2020 - June 30, 2021

May 27, 2020 (Introduction)

www.svvsd.org

“Our mission is to educate each student in a safe learning environment so that they may develop to their highest potential and become contributing citizens.” St. PROPOSEDVrain Valley School District RE-1J • 395 South Pratt Parkway • Longmont • CO • 80501-6436 2020-21 Adopted Budget ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J SUPERINTENDENT'S ADOPTED BUDGET For the Year Ended June 30, 2021 TABLE OF CONTENTS Introduction ································································································································································································································································································································································································································································································································Superintendent's Budget Message 4 ································································································································································································································································································································································································································································································································Appropriation Resolution 6 ································································································································································································································································································································································································································································································································Executive Budget Summary by Fund 7 ································································································································································································································································································································································································································································································································Strategic Priorities Hierarchy 8 ································································································································································································································································································································································································································································································································Board of Education 9 ································································································································································································································································································································································································································································································································District Leadership Staff 10 ································································································································································································································································································································································································································································································································Finance Deptartment 11 ································································································································································································································································································································································································································································································································Organizational Chart 12 ································································································································································································································································································································································································································································································································District Map 13 ································································································································································································································································································································································································································································································································Budget Information 14 ································································································································································································································································································································································································································································································································Budget Development Process 16 Financial Section - General Fund ································································································································································································································································································································································································································································································································Fund 10 - General Fund 17 ································································································································································································································································································································································································································································································································Property Tax Funding 20 ································································································································································································································································································································································································································································································································Summary of General Fund Revenues and Expenditures 21 ································································································································································································································································································································································································································································································································Summary of Revenues by Source and Expenditures by Activity 22 ································································································································································································································································································································································································································································································································Summary of Revenues by Source and Expenditures by Object 23 ································································································································································································································································································································································································································································································································Schedule of General Fund Revenues 24 ································································································································································································································································································································································································································································································································Expenditures by Activity and Object 25 ································································································································································································································································································································································································································································································································Expenditure Analysis by Activity 27 ································································································································································································································································································································································································································································································································Expenditure Analysis by Object 28 ································································································································································································································································································································································································································································································································Instructional Materials and Supplies 29 ································································································································································································································································································································································································································································································································2008 and 2012 Mill Levy Override Summary 30 ································································································································································································································································································································································································································································································································Total Program Funding 31 ································································································································································································································································································································································································································································································································Charter School Allocations 32 Financial Section - All Other Funds ...... Fund 18 - Risk Management Fund 33 ...... Fund 19 - Colorado Preschool Program Fund 35 ...... Fund 21 - Nutrition Services Fund 36 ...... Fund 22 -Governmental Desigated Purpose Grants Fund 37 ...... Fund 23 - Student Activities Special Revenue Fund 39 ...... Fund 27 - Community Education Fund 42 ...... Fund 29 - Fair Contributions Fund 43 ...... Fund 31 - Bond Redemption Fund 44 ...... Fund 41 - Building Fund 47 ...... Fund 43 - Capital Reserve Fund 48 ...... Fund 65 - Self Insurance Fund 50 Table of PROPOSEDContents 2 2020-21 Adopted Budget ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J SUPERINTENDENT'S ADOPTED BUDGET For the Year Ended June 30, 2021 CONTENTS PAGE Summary Budget Reports ································································································································································································································································································································································································································································································································Summary Budget Reports 51 ································································································································································································································································································································································································································································································································Consolidated Budget Summary 52 ································································································································································································································································································································································································································································································································Operating Funds 53 ································································································································································································································································································································································································································································································································Other Funds 55 ································································································································································································································································································································································································································································································································Uniform Consolidated Summary 56

Table of PROPOSEDContents 3 2020-21 Adopted Budget

SUPERINTENDENT'S BUDGET MESSAGE

Date: May 27, 2020

TO: Board of Education and Citizens of the St. Vrain Valley School District

This St. Vrain Valley School District General Fund budget, together with the budgets for other funds for Fiscal Year 2021, is the current expenditure plan for all funds generated through local, state and federal sources, commencing July 1, 2020 and extending through June 30, 2021. This document includes financial, budgetary, and program information that we believe will provide the user with a better understanding of the District’s operations. Due to the pandemic, Colorado K-12 school district funding has not yet been established for the upcoming fiscal year, and financial negotiations with the St. Vrain Valley Education Association (SVVEA) have not yet been completed. Therefore, the accompanying General Fund budget has been prepared showing no changes to compensation compared to the previous budget, and contains anticipated estimated decreases to revenues.

The General Fund budget appropriation for 2020-21 is $449,913,805, which includes appropriated expenditures of $318,151,788 and fund balance of $131,762,017.

The following summary provides appropriated expenditures by fund, including appropriated District reserves. Additional detailed information summarized by fund, operating activity, individual school, and department, as well as other pertinent information is included in the accompanying financial budget document.

Appropriated Total Appropriated Surplus and Appropriations Expenditures Fund Balance (Total Resources) Operating Funds General Fund $ 318,151,788 $ 131,762,017 $ 449,913,805 Capital Reserve Capital Projects Fund 6,304,101 7,312,608 13,616,709 Fair Contributions for Public School Sites Fund 1,563,000 7,512,821 9,075,821 Nutrition Services Fund 11,047,000 1,367,816 12,414,816 Governmental Designated Purpose Grant Fund 14,074,075 - 14,074,075 Risk Management Fund 4,562,370 6,739,971 11,302,341 Student Activities Special Revenue Fund 6,829,000 5,510,736 12,339,736 Self Insurance Fund 24,245,000 9,157,775 33,402,775 Sub-Total - General Student Population 386,776,334 169,363,744 556,140,078 Colorado Preschool Program Fund 1,810,923 625,013 2,435,936 Community Education Fund 5,192,800 2,435,232 7,628,032 Sub-Total - Operating Funds 393,780,057 172,423,989 566,204,046 Other Funds Bond Redemption Fund 60,164,439 81,499,063 141,663,502 Building Fund 655,000 67,141,159 67,796,159 Total Budget $ 454,599,496 $ 321,064,211 $ 775,663,707

Superintendent'sPROPOSED Budget Message 4 2020-21 Adopted Budget

The 2021 fiscal year budgets of the St. Vrain Valley School District will provide instructional and support services for a student body membership of approximately 33,000 students.

The program budgeting process is based primarily upon the Board-adopted Mission Statement, the District's Strategic Priorities and the goals set by the District’s Board of Education.

All final revenues and expenditures are within current limitations established by Colorado Revised Statutes and the TABOR Amendment.

The annual budget development is a cooperative effort between the St. Vrain Valley District's Board of Education, staff, and community. We continue to appreciate the time and support provided by those contributing to the process, especially the Finance and Audit Committee. We invite further participation of anyone interested in helping provide a high quality education for our children.

Respectfully,

Don Haddad, Ed.D. Superintendent of Schools

Superintendent'sPROPOSED Budget Message 5 2020-21 Adopted Budget

APPROPRIATION RESOLUTION

Be it resolved by the Board of Education of St. Vrain Valley School District RE-1J in Boulder, Weld, and Larimer Counties and the City and County of Broomfield that it hereby appropriates the amounts shown in the following schedule to each fund for the ensuing fiscal year beginning July 1, 2020, and extending through June 30, 2021, and adopts the budgets related thereto.

Be it further resolved that the Board authorizes the use of a portion of beginning fund balance for the funds indicated in the following schedules, the use of which will not lead to an ongoing deficit in those funds.

Date of the adoption of the budgets June 24, 2020

Signature - President of the Board

AppropriationPROPOSED Resolution 6 2020-21 Adopted Budget

EXECUTIVE BUDGET SUMMARY BY FUND

While the appropriations resolution above represents the total resources available to the district, it does not reflect the current year spending plan. The following Executive Budget Summary by Fund presents a snapshot of the budgeted changes to fund balance for each fund based on the anticipated revenues and expenditures as contained within each of the individual fund budgets. Details on each fund budget can be found in the accompanying financial document.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J ADOPTED BUDGET SUMMARY BY FUND FISCAL YEAR ENDING JUNE 30, 2021

Proj. Beginning Budgeted Budgeted Surplus/ Ending Fund Balance Revenues Expenditures (Spend-Down) Fund Balance Fund # Fund 7/1/20 6/30/21 10 General Fund $ 131,762,017 $ 318,151,788 $ 345,170,680 $ (27,018,892) $ 104,743,125 18 Risk Management 6,739,971 4,562,370 6,549,037 (1,986,667) 4,753,304 19 Colorado Preschool Program 625,013 1,810,923 2,066,405 (255,482) 369,531 21 Nutrition Services 1,367,816 11,047,000 11,352,022 (305,022) 1,062,794 22 Designated Grants - 14,074,075 14,074,075 - - 23 Student Activities Special Rev. 5,510,736 6,829,000 7,372,000 (543,000) 4,967,736 27 Community Education 2,435,232 5,192,800 5,641,000 (448,200) 1,987,032 29 Fair Contributions 7,512,821 1,563,000 2,500,000 (937,000) 6,575,821 31 Bond Redemption 67,769,450 73,894,052 60,164,439 13,729,613 81,499,063 41 Building Fund 67,141,159 655,000 67,765,000 (67,110,000) 31,159 43 Capital Reserve 7,312,608 6,304,101 8,247,373 (1,943,272) 5,369,336 65 Self Insurance 9,157,775 24,245,000 25,562,715 (1,317,715) 7,840,060 Total $ 307,334,598 $ 468,329,109 $ 556,464,746 $ (88,135,637) $ 219,198,961

ExecutivePROPOSED Budget Summary by Fund 7 2020-21 Adopted Budget

STRATEGIC PRIORITIES HIERARCHY

StrategicPROPOSED Priorities Hierarchy 8 2020-21 Adopted Budget BOARD OF EDUCATION

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FINANCIAL SERVICES DEPARTMENT

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dŽŶǇtŚŝƚĞůĞǇ͕W ^ĂŶĚǇdĂŵƐ ǆĞĐƵƟǀĞŝƌĞĐƚŽƌŽĨƵĚŐĞƚĂŶĚ&ŝŶĂŶĐĞ ƵĚŐĞƚĂŶĚ&ŝŶĂŶĐĞŶĂůǇƐƚ ǁŚŝƚĞůĞǇͺĂŶƚŚŽŶǇΛƐǀǀƐĚ͘ŽƌŐ ƚĂŵƐͺƐĂŶĚƌĂΛƐǀǀƐĚ͘ŽƌŐ

&ŝŶĂŶĐŝĂů^ĞƌǀŝĐĞƐĞƉĂƌƚŵĞŶƚ ϯϵϱ^͘WƌĂƩWĂƌŬǁĂǇ >ŽŶŐŵŽŶƚ͕KϴϬϱϬϭ WŚŽŶĞ͗ϯϬϯͲϲϴϮͲϳϮϬϯ&Ăǆ͗ϯϬϯͲϲϴϮͲϳϯϰϯ FinancialPROPOSED Services Department 11 File: CC-E Residents of the St. Vrain Valley School District RE-1J

Board of Education St. Vrain Administrative Organizational Chart Superintendent

Deputy Superintendent Frederick Area Schools

Chief Executive Director Assistant Assistant Area 2 Assistant Area 3 Assistant Area 4 Assistant Assistant Assistant Executive Assistant Director Chief Financial Legal/Governmental Superintendent Superintendent Superintendent Superintendent Superintendent Superintendent Superintendent Director Superintendent Security/ Communications Officer Affairs/P-TECH Priority Programing Assessment/ PK-12 PK-12 PK-12 of Innovation Human Athletics/ Operations & Emergency & Global Impact & Academic Support Curriculum/ Longmont/Niwot Silver Creek/ Erie/Mead/Lyons Programs Resources Activities Maintenance Mgmt Officer PK-12 Instruction PK-12 Area Schools Skyline Area Area Schools /Fine Arts Schools Director of Executive Executive Programming Director of Director Executive Executive Human Executive Director of Budget & Director Director Resources Special Director Nutrition Finance Student Services Education Assessment Services PK-12 PK-12 PK-12 Executive Purchasing Director of Director Human Chief Resources Director of Information Planning Officer Executive Director of Human Adopted: February 5, 1993 Chief Resources Director of Revised to conform with practice June 8, 1994 Technology Revised: October 26, 1994 Transportation Revised: September 24, 2003 Officer Revised: September 28, 2005 Executive Revised: August 9, 2006 Director of Revised: May 6, 2009 Human Revised: October 14, 2009 Resources Revised: September 8, 2010 Revised: November 12, 2014 Revised: October 28, 2015 Revised: January 27, 2016 Revised: September 28, 2016 Revised: October 11, 2017 Revised: September 26, 2018 Revised: September 25, 2019 Statement of Purpose The leadership structure of the St. Vrain Valley School District represents a systems approach to student achievement. This structure is designed to maximize organizational performance and optimize resources dedicated to the alignment of standards, curriculum, instruction and assessment, as well as technology, professional development, communications, and partnerships with business and industry, post-secondary institutions, parents and other stakeholders.

PROPOSED PROPOSED 2020-21 ADOPTED BUDGET BUDGET INFORMATION

The Superintendent’s Budget is the District’s annual operating budget. The following information is intended to provide a general understanding of the budget process and resulting budget document.

Fund Accounting

The District uses funds to report its financial position and results of operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. A fund is a separate accounting entity with a balanced set of accounts.

Funds are classified into three categories: governmental, proprietary, and fiduciary. Each category, in turn, is divided into separate “fund types”.

Governmental funds are used to account for all or most of a government’s general activities, including the collection and disbursement of earmarked funds (special revenue funds), the acquisition, construction or remodeling of major capital facilities (capital projects funds), and the servicing of long-term debt (debt service funds). The District’s major governmental funds are the General Fund (including the CPP and Risk Management Funds as subfunds), Bond Redemption Fund, and the Building Fund:

General Fund – The General Fund is the District’s general operating fund and is used to account for all financial transactions except those required to be accounted for in another fund. Major revenue sources include local property taxes, specific ownership taxes, and State of Colorado equalization funding, as determined by the School Finance Act of 1994, as amended.

Expenditures include all costs associated with the daily operation of the schools, except for programs funded by grants from federal and state governments, school construction, certain capital outlay expenditures, debt service, food service operations, extracurricular athletic and other pupil activities, and insurance transactions.

Colorado Preschool Program Fund – This fund is reported as a sub-fund of the General Fund. Monies allocated to this fund from the General Fund are used to pay the costs of providing preschool services directly to qualified at-risk children enrolled in the District’s preschool program pursuant to C.R.S. 22-28-102.

Risk Management Fund – This fund is also a sub-fund of the General Fund. Monies allocated to this fund from the General Fund are used to account for the payment of loss or damage to the property of the District, workers’ compensation, property and liability claims, insurance premiums, and the payment of related administration expenses.

Debt Service Fund – The District has one debt service fund, the Bond Redemption Fund. This fund is used to account for the accumulation of resources for, and the payment of, long-term debt principal, interest, and related costs. The fund’s primary revenue source is local property taxes levied specifically for debt service.

Capital Projects Funds – The District has two capital projects funds, the Building Fund (major) and the Capital Reserve Capital Projects Fund (non-major). The Building Fund accounts for the proceeds of bond sales and expenditures for capital outlay for land, buildings, improvements of grounds, construction of buildings, additions or remodeling of buildings or initial, additional and replacement equipment. The Capital Reserve Capital Projects Fund is used to account for revenue allocations from the General Fund and other revenues allocated to or earned in this fund, and the expenditures for the ongoing capital needs of the District, such as acquisition of land, building additions and improvements, and major equipment purchases. Budget InformationPROPOSED14 2020-21 Adopted Budget

The other “non-major” governmental funds of the District are Special Revenue Funds – These funds account for revenues derived from earmarked revenue sources, federal and state grants, charges for food service, charges for supporting educational services, and tuition. The “non-major” Special Revenue Funds consist of the Nutrition Services Fund, Governmental Designated Purpose Grants Fund, Community Education Fund, Fair Contributions Fund, and Student Activities Special Revenue Fund.

Proprietary Funds focus on the determination of the changes in net assets, financial position, and cash flows and are classified as either enterprise or internal service. The District’s only internal service fund is the Self Insurance Fund which accounts for the financial transactions related to the District’s self-funded dental and medical insurance plans.

Fiduciary Funds – Fiduciary fund reporting focuses on net assets and changes in net assets. The fiduciary fund category is split into four classifications: pension trust funds, investment trust funds, private-purpose trust funds, and agency funds. Trust funds are used to account for assets held by the District under a trust agreement for individuals, private organizations, or other governments and are therefore not available to support the District’s own programs. The Student Scholarship Fund was the District’s only trust fund, which was closed in FY19. Agency funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. The District does not have any agency funds.

Budget InformationPROPOSED15 2020-21 Adopted Budget BUDGET DEVELOPMENT PROCESS

Month Activity

The Finance Department, Human Resources and Area Assistant Superintendents collaborate to develop the formulas and ratios that will be used in the following fiscal year to allocate staffing resources to individual schools based on criteria such as enrollment count and number of student that qualify for free and reduced meals. December Longterm budget projections are updated by the Budget Director.

The Board of Education reviews the longterm budget overview and accountability needs and sets District focus, goals, and priorities for the next fiscal year. January

The Planning Department provides the District with enrollment projections and staffing plans for each of the schools are developed using the established staffing guidelines.

February Worksheets are distributed for individual schools and departments to submit discretionary budget requests for the upcoming fiscal year.

Requests for additional staffing and discretionary budget needs are presented to the Superintendent's Cabinet for approval. March

The proposed budget is presented to the Board of Directors and posted to the District website. May

The District conducts a public hearing on the proposed budget.

June The proposed budget is approved by the Board of Education.

Staffing adjustments are made to accommodate actual enrollment and needs of schools and information is provided to the Budget Director for inclusion in the amended budget. Aug/Sept

Updated health insurance election information is presented to the Finance Department. October

Mill Levies are certified by the Board of Directors for the following tax year.

Budget amendments are prepared. December

The amended budget is reviewed by Cabinet.

January The amended budget is approved by the Board of Education.

Budget InformationPROPOSED16 2020-21 Adopted Budget FUND 10 - GENERAL FUND

The General Fund is a governmental fund which includes the revenues and expenditures for the general operations of the District. The expenditures for the school and departmental operations are primarily budgeted and accounted for in the General Fund. The total budgeted revenues in the General Fund are $318,151,788. The total budgeted expenditures in the General Fund are $345,170,680. Therefore, the General Fund fund balance is budgeted to decrease by $27,018,892 in Fiscal Year 2021. Fund balance reserves of $131,762,017 are also appropriated in the General Fund. A portion of the reserve appropriation includes $7,159,000 for contingency reserve as required by Board policy, and $10,739,000 for constitutionally- required TABOR reserves. The total General Fund budget appropriation for the year ending June 30, 2021 is $449,913,805.

Fund 10 Appropriation ($ In Millions)

Fund 10 PROPOSED- General Fund 17 2020-21 Adopted Budget Budget Development Assumptions

1. 2021 Fiscal Year Budget This budget for the school year July 1, 2020 - June 30, 2021 (FY21) is presented based on the Colorado Public Schools Finance Act of 1994, as amended.

2. Pupil Membership This budget is based upon a PK-12 student headcount of 32,900.

3. Funded Pupil Count Pupil Membership is the estimated number of PK-12 students attending SVVSD per count projections. Funded pupil count (FPC) is based on whether those students are funded at full-time, half-time, or may be tuition-based preschool students for which the district does not receive additional funding. The FPC for this budget is 31,325.2, an increase of 24.4 (0.08%) above FY20.

4. Instructional Supplies and Materials District policy requires the budget include $215 per student for instructional supplies, books, field trips and capital outlay. The required minimum instructional supplies and materials budget is $7,522,173. This is based on 28,244.2 FPC (FPC net of charter schools).

5. Capital Reserve/Risk Management District policy requires direct allocation of funding to the Capital Reserve Fund and Risk Management Fund in the amount of at least $340 per student for FY21. A total of $10,633,471 is included in FY21. This includes $4,439,370 to the Risk Management Fund, and $6,108,081 to the Capital Reserve Fund. The remaining $86,020 is allocated to the Capital Reserve Fund from the CPP Fund.

6. State Equalization Program Based on anticipated decreases to the Colorado State Budget, the District is expecting $7,460.25 per pupil FPC as per pupil revenue (PPR) for FY21. PPR was $8,289.16 for FY20.

7. Mill Levy Override The voters of the District passed mill levy overrides in November of 2008 and 2012, both of which provide additional funds for a variety of items as defined within the ballot questions. As required, accounting for the MLO funds is incorporated within the General Fund totals. Additional details regarding planned expenditures are included in the tables below.

8. Charter Schools The District's allocations to the charter schools are detailed on page 32.

9. Contingency Reserve For FY21, a 2.0% Board-established contingency reserve is calculated on seven operating funds and is maintained entirely within the budget of the General Fund.

10. TABOR Emergency Reserve The TABOR Reserve is funded as required per Article X of the State Constitution (TABOR Amendment) and is held in cash and investments in the General Fund. Fund 10 PROPOSED- General Fund 18 2020-21 Adopted Budget Budget Development Assumptions

11. School Allocations Schools are allocated a supplies and materials budget based on student enrollment. Staffing is allocated based on student-teacher ratios, focus programs, and individual school needs. Schools are not allowed to carry over unexpended General Fund budgets from year-to- year unless identified for a specific purpose and explicitly authorized.

12. Salaries and Benefits Salaries expense includes no compensation increase due to a delay in the compensation agreement with SVVEA. Benefits expense includes the additional PERA funding required and net increase in health and dental insurance premiums. Other funds may have salary estimates based on infomation available at the time of preparation.

Fund 10 PROPOSED- General Fund 19 2020-21 Adopted Budget Property Tax Funding

Approximately 51.4% of the District's General Fund revenue comes from local property taxes, amounting to about $163.5 million. Property taxes also fund the repayment of the District's general obligation debt through the Debt Service Fund, amounting to $73.3 million in FY21.

The amount of property tax owed by a taxpayer for the school district is based on the property's assessed valuation multipled by the district's mill levy of 57.559, and then divided by one thousand (one mill is equal to one dollar per $1,000 of assessed value). The assessed value of a property is determined by mutiplying its market value by the assessment rate, which is 29% for commercial properties, and 7.15% for residential properties. For example, to find the property tax owed for a home with a market value of $500,000:

Market Value × Assessment Rate × Mill Levy / 1,000 = Property Tax Owed $500,000 × 7.15% × 57.559 / 1,000 = $2,057.73

The District's total mill levy actually comprises four different levies. The General Fund Levy (24.995 mills) is the portion of Total Program Revenue that is set by the State and detailed on page 31. The Abatement Levy (1.424 mills) provides funding for previously assessed taxes that were abated or refunded by the county and were not received by the district in a prior tax year. The Mill Levy Overrides (13.590 mills) are voter-approved levies for operating expenses related to specific purposes, listed on page 30. Finally, the Debt Service Levy (17.550 mills) provides funding to pay the principal and interest payments on voter-approved general obligation bonds used to fund capital construction projects such as new schools and improvements to existing schools.

The table below shows the history of St. Vrain's property tax mill levies for the past 10 years:

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J SUMMARY OF PROPERTY TAX LEVIES CALENDAR YEAR 2010 - 2019

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 General Fund Levy 24.995 24.995 24.995 24.995 24.995 24.995 24.995 24.995 24.995 24.995 Abatement Levy 0.083 0.159 0.311 0.294 0.288 0.502 0.810 0.810 0.250 1.424 Mill Levy Override 7.320 7.320 13.394 13.590 13.590 13.590 13.590 13.590 13.590 13.590 General Operating Subtoal 32.398 32.474 38.700 38.879 38.873 39.087 39.395 39.395 38.835 40.009 Debt Service Levy 13.870 15.140 14.800 14.800 14.800 14.800 17.550 17.550 17.550 17.550 Total 46.268 47.614 53.500 53.679 53.673 53.887 56.945 56.945 56.385 57.559

Fund 10 PROPOSED- General Fund 20 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J SUMMARY OF GENERAL FUND REVENUES AND EXPENDITURES FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Sources of Revenues Local Revenues $ 156,300,306 $ 164,569,911 $ 191,688,672 $ 183,437,812 $ 185,086,473 State Revenues 166,477,465 174,314,066 171,147,169 171,231,782 142,314,122 Federal Revenues 3,434,756 2,986,009 3,386,125 3,724,843 3,186,087 Primary General Fund Revenues 326,212,527 341,869,986 366,221,966 358,394,437 330,586,682 Revenue Allocations Capital Reserve Fund (9,831,083) (7,090,204) (5,982,541) (5,982,541) (6,108,081) Risk Management Fund (4,113,891) (3,739,370) (3,739,370) (3,739,370) (4,439,370) Colorado Preschool Program Fund (1,781,264) (1,859,996) (2,155,184) (2,155,184) (1,887,443) Total Revenue Allocations (15,726,238) (12,689,570) (11,877,095) (11,877,095) (12,434,894) Total General Fund Revenues 310,486,289 329,180,416 354,344,871 346,517,342 318,151,788

Other Sources 2,743,210 - - 11,573 - Total Revenues and Other Sources 313,229,499 329,180,416 354,344,871 346,528,915 318,151,788 Expenditures 310,828,423 341,630,111 349,930,832 330,504,703 345,170,680 Transfers (in) out - - 596,060 596,060 - Total Expenditures & Transfers 310,828,423 341,630,111 350,526,892 331,100,763 345,170,680 Excess of Revenues and Other Sources Over Expenditures & Transfers $ 2,401,076 $ (12,449,695) $ 3,817,979 $ 15,428,152 $ (27,018,892)

Adopted Summary of General Fund Revenue % Budget 2021 Property Taxes $ 106,705,806 33.54 % State Equalization 111,575,493 35.07 (net of direct allocations to other funds) Specific Ownership Taxes 12,000,000 3.77 Mill Levy Override 56,755,906 17.84 Other State Revenues 18,303,735 5.75 Other Local Revenues 9,624,761 3.03 Federal Revenues 3,186,087 1.00 Total $ 318,151,788 100.00 % Fund 10 PROPOSED- General Fund 21 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND SUMMARY OF REVENUES BY SOURCE AND EXPENDITURES BY ACTIVITY FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues $ 156,300,306 $ 164,569,911 $ 191,688,672 $ 183,437,812 $ 185,086,473 State Revenues 166,477,465 174,314,066 171,147,169 171,231,782 142,314,122 Federal Revenues 3,434,756 2,986,009 3,386,125 3,724,843 3,186,087 Revenue Allocations Capital Reserve Fund (9,831,083) (7,090,204) (5,982,541) (5,982,541) (6,108,081) Risk Management Fund (4,113,891) (3,739,370) (3,739,370) (3,739,370) (4,439,370) Colorado Preschool Program Fund (1,781,264) (1,859,996) (2,155,184) (2,155,184) (1,887,443) Total Revenues 310,486,289 329,180,416 354,344,871 346,517,342 318,151,788 Other Sources 2,743,210 - - 11,573 - Total Revenues and Other Sources 313,229,499 329,180,416 354,344,871 346,528,915 318,151,788

Expenditures Instruction Direct Instruction Preschool 5,681,861 7,010,520 7,594,148 6,135,958 6,985,444 Elementary School 50,860,482 57,146,897 58,576,712 56,389,154 56,357,792 Middle School 26,356,695 27,990,410 28,195,504 27,703,100 28,326,105 High School 35,651,151 38,718,352 39,338,007 37,919,058 41,348,876 Other Regular Education 24,597,299 24,743,571 29,548,475 20,620,581 29,286,697 Special Programs 23,206,108 25,519,283 24,625,714 24,894,080 24,821,582 Subtotal-Direct Instruction 166,353,596 181,129,033 187,878,560 173,661,931 187,126,496 Indirect Instruction Pupil Support Services 19,743,259 22,437,794 20,929,883 21,733,987 21,211,377 Instructional Staff Support 11,770,451 13,791,269 15,649,542 12,948,559 15,718,465 School Administration 22,503,203 23,909,651 24,247,028 23,294,893 24,420,980 Subtotal-Indirect Instruction 54,016,913 60,138,714 60,826,453 57,977,439 61,350,822 Total Instruction 220,370,509 241,267,747 248,705,013 231,639,370 248,477,318 Other Expenditures General Administration 3,084,270 3,148,071 3,724,908 3,073,827 3,523,019 Fiscal Services 3,973,971 5,033,948 4,995,843 4,139,790 5,033,616 Operations/Maintenance/Custodial 25,570,099 27,416,428 27,147,369 28,729,479 26,949,573 Pupil Transportation 10,090,079 11,238,404 10,911,285 10,197,498 10,973,121 Central Services 15,333,889 17,678,861 17,350,612 15,224,616 17,162,281 Community Services 4,944,213 5,276,553 6,398,553 6,806,891 4,602,439 Charter Schools 27,461,393 30,570,099 30,697,249 30,693,232 28,449,313 Total Other Expenditures 90,457,914 100,362,364 101,225,819 98,865,333 96,693,362 Total Expenditures 310,828,423 341,630,111 349,930,832 330,504,703 345,170,680 Revenues Less Expenditures 2,401,076 (12,449,695) 4,414,039 16,024,212 (27,018,892) Transfers in (out) - - (596,060) (596,060) - Net Change in Fund Balance 2,401,076 (12,449,695) 3,817,979 15,428,152 (27,018,892)

Fund Balance, Beginning 113,932,789 119,562,559 116,333,865 116,333,865 131,762,017 Fund Balance, Ending 116,333,865 107,112,864 120,151,844 131,762,017 104,743,125 Nonspendable - deposits, prepaids 1,680,314 600,000 1,700,000 1,700,000 1,700,000 Restricted for TABOR 10,482,766 10,623,000 10,918,000 10,126,000 10,739,000 Restricted for Federal Contract 3,127,149 3,177,133 3,500,000 2,956,017 2,381,716 Committed for Contigencies 6,988,511 7,082,000 7,279,000 6,751,000 7,159,000 Committed for BOE Allocations 11,713,574 9,500,000 11,700,000 28,000,000 14,000,000 Assigned for Subsequent Year Expenditures 15,433,572 10,000,000 10,000,000 11,447,451 11,447,451 Assigned for Mill Levy Override 43,730,072 64,346,250 50,538,000 49,813,433 54,669,499 Unassigned Fund Balance $ 23,177,907 $ 1,784,481 $ 24,516,844 $ 20,968,116 $ 2,646,459 Fund 10 PROPOSED- General Fund 22 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND SUMMARY OF REVENUES BY SOURCE AND EXPENDITURES BY OBJECT FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Property Taxes $ 83,154,806 $ 94,307,685 $ 111,063,650 $ 107,977,751 $ 106,705,806 Specific Ownership Taxes 11,830,477 11,655,687 12,000,000 9,342,011 12,000,000 Mill Levy Override 44,545,572 48,351,489 56,755,906 56,031,339 56,755,906 Investment Income 2,537,414 2,200,000 2,900,000 1,850,000 1,450,000 Charges for Services 6,776,213 4,324,935 4,637,935 3,379,906 4,324,580 Miscellaneous 7,455,824 3,730,115 4,331,181 4,856,805 3,850,181 Total Local Revenues 156,300,306 164,569,911 191,688,672 183,437,812 185,086,473 State Revenues State Equalization 147,896,140 160,197,784 149,774,216 149,677,068 124,010,387 Special Education 6,544,865 7,246,548 7,832,142 7,932,522 7,832,142 Vocational Education 1,303,750 1,303,749 875,028 875,028 875,028 Transportation 2,135,790 2,047,297 2,020,380 2,075,405 2,020,380 Gifted and Talented 304,458 304,458 308,571 308,571 308,571 English Language Proficiency Act 1,650,202 1,650,202 1,655,609 1,655,609 1,655,609 BEST Grant 907,513 750,000 2,006,103 2,006,103 - State On-Behalf Payment to PERA 4,579,695 - 4,700,000 4,700,000 4,700,000 Other State Revenues 1,155,052 814,028 1,975,120 2,001,476 912,005 Total State Revenues 166,477,465 174,314,066 171,147,169 171,231,782 142,314,122 Federal Revenues Other Federal Revenues 2,001,184 1,542,989 1,943,538 2,288,780 1,750,000 Build America Bond Rebates 1,428,019 1,428,020 1,432,587 1,432,587 1,432,587 Migrant Grant Pass Through BOCES 5,553 15,000 10,000 3,476 3,500 Total Federal Revenues 3,434,756 2,986,009 3,386,125 3,724,843 3,186,087 Revenue Allocations Capital Reserve Fund (9,831,083) (7,090,204) (5,982,541) (5,982,541) (6,108,081) Risk Management Fund (4,113,891) (3,739,370) (3,739,370) (3,739,370) (4,439,370) Colorado Preschool Program Fund (1,781,264) (1,859,996) (2,155,184) (2,155,184) (1,887,443) Total Revenue Allocations (15,726,238) (12,689,570) (11,877,095) (11,877,095) (12,434,894) Total Revenues 310,486,289 329,180,416 354,344,871 346,517,342 318,151,788 Other Sources Other Sources 2,743,210 - - 11,573 - Total Revenues and Other Sources 313,229,499 329,180,416 354,344,871 346,528,915 318,151,788

Expenditures Salaries 175,050,972 196,069,646 196,557,091 188,662,654 196,603,088 Benefits 63,144,810 66,448,018 70,967,155 69,691,866 72,838,693 Purchased Services 16,559,155 15,072,780 15,905,256 15,806,177 15,111,226 Supplies and Materials 18,438,810 26,446,898 26,548,974 18,016,005 25,833,473 Capital Outlay 5,052,368 1,227,495 3,464,932 2,685,398 490,598 Other 5,120,915 5,795,175 5,790,175 4,949,371 5,844,289 Charter Schools 27,461,393 30,570,099 30,697,249 30,693,232 28,449,313 Total Expenditures 310,828,423 341,630,111 349,930,832 330,504,703 345,170,680 Revenues Less Expenditures 2,401,076 (12,449,695) 4,414,039 16,024,212 (27,018,892) Transfers in (out) - - (596,060) (596,060) - Net Change in Fund Balance 2,401,076 (12,449,695) 3,817,979 15,428,152 (27,018,892)

Fund Balance, Beginning 113,932,789 119,562,559 116,333,865 116,333,865 131,762,017 Fund Balance, Ending 116,333,865 107,112,864 120,151,844 131,762,017 104,743,125 Nonspendable - deposits, prepaids 1,680,314 600,000 1,700,000 1,700,000 1,700,000 Restricted for TABOR 10,482,766 10,623,000 10,918,000 10,126,000 10,739,000 Restricted for Federal Contract 3,127,149 3,177,133 3,500,000 2,956,017 2,381,716 Committed for Contigencies 6,988,511 7,082,000 7,279,000 6,751,000 7,159,000 Committed for BOE Allocations 11,713,574 9,500,000 11,700,000 28,000,000 14,000,000 Assigned for Subsequent Year Expenditures 15,433,572 10,000,000 10,000,000 11,447,451 11,447,451 Assigned for Mill Levy Override 43,730,072 64,346,250 50,538,000 49,813,433 54,669,499 Unassigned 23,177,907 1,784,481 24,516,844 20,968,116 2,646,459 Fund Balance, Ending $ 116,333,865 $ 107,112,864 $ 120,151,844 $ 131,762,017 $ 104,743,125 Fund 10 PROPOSED- General Fund 23 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J SCHEDULE OF GENERAL FUND REVENUES FROM LOCAL, STATE, AND FEDERAL SOURCES FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Local Revenues Taxes Property Taxes $ 83,154,806 $ 94,307,685 $ 111,063,650 $ 107,977,751 $ 106,705,806 Specific Ownership Taxes 11,830,477 11,655,687 12,000,000 9,342,011 12,000,000 Mill Levy Override 44,545,572 48,351,489 56,755,906 56,031,339 56,755,906 Total Taxes 139,530,855 154,314,861 179,819,556 173,351,101 175,461,712

Other Local Investment Income 2,537,414 2,200,000 2,900,000 1,850,000 1,450,000 Charges for Services 6,776,213 4,324,935 4,637,935 3,379,906 4,324,580 Rental of Facilites 212,083 225,000 225,000 193,000 193,000 Indirect Cost Revenues 979,436 800,000 975,000 713,086 800,000 Services to Charter Schools 1,147,265 900,000 1,000,000 1,018,000 1,000,000 Other Local Revenues 5,117,040 1,805,115 2,131,181 2,932,719 1,857,181 Total Other Local 16,769,451 10,255,050 11,869,116 10,086,711 9,624,761 Total Local Revenues 156,300,306 164,569,911 191,688,672 183,437,812 185,086,473 Percent Change 5.29 % 22.64 % 17.36 % 0.90 %

State Revenues State Equalization 147,896,140 160,197,784 149,774,216 149,677,068 124,010,387 Special Education 6,544,865 7,246,548 7,832,142 7,932,522 7,832,142 Vocational Education 1,303,750 1,303,749 875,028 875,028 875,028 Transportation 2,135,790 2,047,297 2,020,380 2,075,405 2,020,380 Gifted and Talented 304,458 304,458 308,571 308,571 308,571 English Language Proficiency Act 1,650,202 1,650,202 1,655,609 1,655,609 1,655,609 BEST Grant 907,513 750,000 2,006,103 2,006,103 - State On-Behalf Payment to PERA 4,579,695 - 4,700,000 4,700,000 4,700,000 Other State Revenues 1,155,052 814,028 1,975,120 2,001,476 912,005 Total State Revenues 166,477,465 174,314,066 171,147,169 171,231,782 142,314,122 Percent change 4.71 % 2.81 % 2.86 % (16.89)%

Federal Revenues Other Federal Revenues 2,001,184 1,542,989 1,943,538 2,288,780 1,750,000 Build America Bond Rebates 1,428,019 1,428,020 1,432,587 1,432,587 1,432,587 Migrant Grant Pass Through BOCES 5,553 15,000 10,000 3,476 3,500 Total Federal Revenues 3,434,756 2,986,009 3,386,125 3,724,843 3,186,087 Percent Change (13.06)% (1.42)% 8.45 % (14.46)% Total Revenues Before Allocations 326,212,527 341,869,986 366,221,966 358,394,437 330,586,682 Percent Change 4.80 % 12.26 % 9.87 % (7.76)%

Revenue Allocations Capital Reserve Fund (9,831,083) (7,090,204) (5,982,541) (5,982,541) (6,108,081) Risk Management Fund (4,113,891) (3,739,370) (3,739,370) (3,739,370) (4,439,370) Colorado Preschool Program Fund (1,781,264) (1,859,996) (2,155,184) (2,155,184) (1,887,443) Total Revenue Allocations (15,726,238) (12,689,570) (11,877,095) (11,877,095) (12,434,894) Total General Fund Revenues 310,486,289 329,180,416 354,344,871 346,517,342 318,151,788 Percent Change 6.02 % 14.13 % 11.60 % (8.19)% Other Sources 2,743,210 - - 11,573 - Total General Fund Revenues and Other Sources $ 313,229,499 $ 329,180,416 $ 354,344,871 $ 346,528,915 $ 318,151,788 Percent Change 5.09 % 13.13 % 10.63 % (8.19)%

*FY 20 Adopted, Amended and Projected Actual percentages are in comparison to FY 19. FY 21 Adopted percentages are in comparison to FY 20 Projected Actuals. Fund 10 PROPOSED- General Fund 24 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND ADOPTED BUDGET EXPENDITURES BY ACTIVITY AND OBJECT FISCAL YEAR ENDING JUNE 30, 2021

Employee Purchased Supplies & Other Charter Item Salaries Benefits Services Materials Expenses Schools Capital Outlay Total Direct instruction Regular Instruction Preschool $ 4,369,711 $ 1,719,613 $ - $ 632,120 $ - $ - $ 264,000 $ 6,985,444 Elementary School 41,471,454 14,430,218 - 447,620 8,500 - - 56,357,792 Middle School 20,799,487 7,299,051 - 227,567 - - - 28,326,105 High School 28,145,738 9,978,021 318,133 2,897,784 9,200 - - 41,348,876 Gifted And Talented 535,487 150,002 493 4,000 2,000 - - 691,982 Integrated Education 5,937,301 1,223,653 1,214,600 5,409,391 209,650 - 96,414 14,091,009 General Instructional Media 2,192,059 923,596 - 151,396 - - - 3,267,051 Activities and Athletics 3,051,015 703,645 245,000 33,704 5,856 - - 4,039,220 Other Regular Instruction 3,036,468 3,821,593 - 339,374 - - - 7,197,435 Total Regular Instruction 109,538,720 40,249,392 1,778,226 10,142,956 235,206 - 360,414 162,304,914

Special Education General 13,495,003 5,420,989 2,299,975 104,071 10,000 - - 21,330,038 Hearing and Vision 216,750 79,070 - - - - - 295,820 Speech Language 2,372,312 823,412 - - - - - 3,195,724 Total Special Education 16,084,065 6,323,471 2,299,975 104,071 10,000 - - 24,821,582 Total Direct instruction 125,622,785 46,572,863 4,078,201 10,247,027 245,206 - 360,414 187,126,496

Indirect Instruction Pupil Support Services Student Support Services 939,149 291,791 - 27,894 11,000 - - 1,269,834 Attendance and Social Work Services 3,149,612 1,213,842 600,365 34,500 17,400 - - 5,015,719 Guidance Services 6,079,687 2,069,853 15,000 31,742 25,000 - - 8,221,282 Health Services 3,050,198 1,135,918 1,000 12,700 2,000 - - 4,201,816 Psychological Services 1,520,499 533,593 - - - - - 2,054,092 Audiology Services 181,876 55,960 - - - - - 237,836 Other Services 87,822 57,876 - 65,100 - - - 210,798 Total Pupil Support Services 15,008,843 5,358,833 616,365 171,936 55,400 - - 21,211,377

Instructional Staff Support Curriculum Development 5,084,374 1,587,352 1,341,170 779,330 36,583 - - 8,828,809 Instructional Staff Training 483,422 106,502 414,398 70,148 6,400 - - 1,080,870 Other Instructional Staff Services 3,196,788 983,751 61,950 118,615 305,921 - - 4,667,025 Educational Media 715,156 246,085 7,000 170,720 2,800 - - 1,141,761 Total Instructional Staff Support 9,479,740 2,923,690 1,824,518 1,138,813 351,704 - - 15,718,465

School Administration Office of the Principal 17,253,513 5,911,861 145,550 1,078,866 31,190 - - 24,420,980 Total Indirect Instruction 41,742,096 14,194,384 2,586,433 2,389,615 438,294 - - 61,350,822

General Administration Board of Education & Executive Administration 1,190,903 752,203 1,269,854 236,899 73,160 - - 3,523,019 Total General Administration 1,190,903 752,203 1,269,854 236,899 73,160 - - 3,523,019

Fiscal Services Fiscal Services 1,670,697 529,202 652,800 35,600 516,000 - - 3,404,299 Printing/Purchasing/Warehouse 1,000,347 348,586 219,000 42,710 11,490 - 7,184 1,629,317 Total Fiscal Services 2,671,044 877,788 871,800 78,310 527,490 - 7,184 5,033,616

Operations and Maintenance Administration 203,934 60,752 124,900 40,000 47,000 - - 476,586 Utilities - - 2,790,584 4,409,200 - - - 7,199,784 Care and Upkeep of Buildings 10,158,548 4,037,654 834,272 1,147,000 27,800 - 98,000 16,303,274 Care and Upkeep of Grounds 1,234,724 438,196 188,000 295,800 1,000 - 25,000 2,182,720 Other Operations and Maintenance 165,000 38,055 70,100 207,941 7,000 - - 488,096 Security Services 19,164 4,140 150,000 125,809 - - - 299,113 Total Operations and Maintenance 11,781,370 4,578,797 4,157,856 6,225,750 82,800 - 123,000 26,949,573

(Continued on next page) Fund 10 PROPOSED- General Fund 25 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND ADOPTED BUDGET EXPENDITURES BY ACTIVITY AND OBJECT FISCAL YEAR ENDED JUNE 30, 2021 (CONTINUED FROM PREVIOUS PAGE)

Employee Purchased Supplies & Other Charter Item Salaries Benefits Services Materials Expenses Schools Capital Outlay Total Transportation Administration 317,150 105,438 1,000 130,000 3,000 - - 556,588 Vehicle Operations 4,593,372 1,992,484 420,630 700,000 - - - 7,706,486 Vehicle Services and Maintenance 1,120,541 404,729 47,000 350,000 - - - 1,922,270 Other Transportation Expenses 540,960 207,717 29,000 10,100 - - - 787,777 Total Transportation 6,572,023 2,710,368 497,630 1,190,100 3,000 - - 10,973,121

Central Services Assessment and Evaluation 540,099 175,249 91,724 68,100 5,800 - - 880,972 Unemployment Insurance - - 300,000 - - - - 300,000 Planning Services 256,759 82,156 11,558 4,500 1,500 - - 356,473 Communication Services 559,727 159,921 226,170 51,500 11,100 - - 1,008,418 Human Resources 1,621,777 514,994 359,500 146,500 12,000 - - 2,654,771 Technology Services 3,840,505 1,286,130 465,500 5,190,172 500 - - 10,782,807 Other Support Services 190,000 933,840 55,000 - - - - 1,178,840 Total Central Services 7,008,867 3,152,290 1,509,452 5,460,772 30,900 - - 17,162,281 Total Support Services 70,966,303 26,265,830 10,893,025 15,581,446 1,155,644 - 130,184 124,992,432

Community Services 14,000 - 140,000 5,000 4,443,439 - - 4,602,439

Charter Schools Aspen Ridge Academy - - - - - 4,024,515 - 4,024,515 Carbon Valley Academy - - - - - 1,743,130 - 1,743,130 Flagstaff Academy, Inc. - - - - - 8,016,923 - 8,016,923 Imagine Charter School at Firestone - - - - - 5,624,564 - 5,624,564 St. Vrain Community Montessori - - - - - 2,253,414 - 2,253,414 Twin Peak Charter Academy - - - - - 6,786,767 - 6,786,767 Total Charter Schools - - - - - 28,449,313 - 28,449,313

Total General Fund Expenditures $ 196,603,088 $ 72,838,693 $ 15,111,226 $ 25,833,473 $ 5,844,289 $ 28,449,313 $ 490,598 $ 345,170,680

Fund 10 PROPOSED- General Fund 26 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND ADOPTED BUDGET EXPENDITURE ANALYSIS BY ACTIVITY FISCAL YEAR ENDING JUNE 30, 2021

Total Instructional Service 79.90%

Adopted Budget Summary of General Fund Expenses by Activity June 30, 2021 % Direct Instruction (Includes Guidance, Edu Media & Student Support) $ 197,759,373 $ 62.44 Classroom Support 55,320,384 17.46 Building Support Transportation 10,973,121 3.46 Operations/Maintenance/Custodial 26,949,573 8.51 Printing/Purchasing/Warehouse 1,629,317 0.51 Communication Services 1,008,418 0.32 Technology Services 10,782,807 3.40 Assessment/Planning/Risk Management 2,716,285 0.85 Total Building Support 54,059,521 17.07 Central Support & Administration Human Resources 2,654,771 0.84 Finance/Payroll/Budgeting 3,404,299 1.07 Superintendent's Office/General Administration 3,523,019 1.11 Total Central Support and Administration 9,582,089 3.03 Sub-Total 316,721,367 $ 100.00 Charter Schools 28,449,313 Total $ 345,170,680

Fund 10 PROPOSED- General Fund 27 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND ADOPTED BUDGET EXPENDITURE ANALYSIS BY OBJECT FISCAL YEAR ENDING JUNE 30, 2021

Total Salaries and Benefits 85.07%

Summary of General Fund Expenses by Adopted Budget Object June 30, 2021 % Salaries $ 196,603,088 %62.07 Benefits 72,838,693 23.00 Purchased Services 15,111,226 4.77 Supplies & Materials 25,833,473 8.16 Other 5,844,289 1.85 Capital Outlay 490,598 0.15 Sub-Total 316,721,367 %100.00 Charter Schools 28,449,313 Total $ 345,170,680

Fund 10 PROPOSED- General Fund 28 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND INSTRUCTIONAL MATERIALS AND SUPPLIES FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget Description 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Program Codes 0010 - 2099 Repairs and Maintenance $ 133,523 $ 170,500 $ 200,500 $ 161,605 $ 168,500 Rentals 9,125 - - 2,159 - Printing, Binding and Duplicating 9,176 4,300 4,300 8,703 2,300 Travel, Registration and Enterance 149,255 32,633 42,633 84,723 47,126 Supplies 3,073,316 5,264,854 6,492,768 3,023,710 6,477,661 Books and Periodicals 2,663,897 4,005,954 4,005,954 1,658,967 3,769,366 Equipment 2,769,986 354,495 1,611,932 294,681 360,414 Internal Transportation Charges 203,698 214,356 214,356 64,140 228,006 Other Internal Charges 21,461 12,500 12,500 7,192 15,000 Total Expenditures $ 9,033,437 $ 10,059,592 $ 12,584,943 $ 5,305,880 $ 11,068,373

Required Allocation Funded Pupil Count (Excluding Charters) 27,299.1 28,059.0 28,265.9 28,265.9 28,244.2 Rate per Student $ 228 $ 238 $ 239 $ 239 $ 215 Current Year Allocation 6,224,195 6,678,042 6,755,550 6,755,550 6,072,503 Carryover from Prior Year - - - - 1,449,670 Total Required Allocation $ 6,224,195 $ 6,678,042 $ 6,755,550 $ 6,755,550 $ 7,522,173 Carryover to Subsequent Year - - - $ 1,449,670 -

Fund 10 PROPOSED- General Fund 29 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J 2008 AND 2012 MILL LEVY OVERRIDE SUMMARY* FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget Description 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Mill Levy Override Revenues $ 46,750,291 $ 48,351,489 $ 56,755,906 $ 56,031,339 $ 56,755,906 Mill Levy Override Expenditures Advanced Placement Programs 200,000 193,940 216,064 216,064 143,000 Focus School Allocations 2,000,981 1,984,541 2,068,041 2,068,041 2,400,301 Operations and Maintenance 1,874,578 1,026,000 3,026,000 3,026,000 3,096,000 Preschool Programs 1,007,579 1,150,000 1,800,000 1,800,000 1,155,050 Reduce Class Sizes 8,416,180 8,416,180 9,146,180 9,146,180 9,350,000 Safety and Security 2,200,000 750,000 2,200,000 2,200,000 2,220,000 STEM Programming 2,300,000 300,000 2,300,000 2,300,000 2,522,604 Teacher/Staff Compensation 15,350,000 10,350,000 12,620,000 12,620,000 14,330,000 Technology 9,712,873 8,585,000 11,285,000 11,285,000 11,379,750 Charter School Allocations 4,354,691 4,572,426 5,286,693 5,286,693 5,303,135 Total Mill Levy Override Expenditures 47,416,882 37,328,087 49,947,978 49,947,978 51,899,840 Change in MLO Fund Balance Assignment (666,591) 11,023,402 6,807,928 6,083,361 4,856,066 Beginning MLO Fund Balance Assignment 44,396,663 53,322,848 43,730,072 43,730,072 49,813,433 Ending MLO Fund Balance Assignment $ 43,730,072 $ 64,346,250 $ 50,538,000 $ 49,813,433 $ 54,669,499

*The above amounts are included in the previous budget schedules within the categories to which they belong; they are presented in the above schedule to provide details specific to the Mill Levy Override revenue and related uses.

Fund 10 PROPOSED- General Fund 30 2020-21 Adopted Budget Total Program Funding

Total Program Funding is the primary funding source for the District’s General Fund. The Colorado Department of Education uses a formula to determine how much Total Program Funding is provided to each Colorado school district based on a number of factors. Total Program can be expressed in total dollars, or in terms of Per-Pupil Revenue (PPR) multiplied by the District’s Funded Pupil Count (FPC).

Total Program is funded by three sources: Local Property Tax, Specific Ownership Tax (i.e. vehicle registrations), and the remainder is provided to St. Vrain Valley Schools by the State of Colorado through what is called "State Equalization."

Below is a historical breakdown of Total Program Funding for St. Vrain Valley Schools.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND SUMMARY OF TOTAL PROGRAM FUNDING PER CDE* FISCAL YEAR ENDED 2012 - 2021

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Local Property Tax $ 58,451,393 $ 60,902,524 $ 60,496,735 $ 59,712,081 $ 72,693,957 $ 74,653,111 $ 80,732,969 $ 85,984,071 $ 104,386,600 $ 104,386,600 Specific Ownership Tax 3,125,544 3,127,653 3,354,034 3,882,507 3,887,950 3,756,272 4,488,357 5,189,596 5,296,836 5,296,836 State Equalization 103,816,214 108,361,241 119,163,453 133,605,666 133,240,934 138,009,845 139,771,356 147,820,482 149,774,025 124,010,387 Total Program Funding 165,393,151 172,391,418 183,014,222 197,200,254 209,822,841 216,419,228 224,992,682 238,994,149 259,457,461 233,693,823 Funded Pupil Count 26,120.2 27,207.8 28,011.8 28,740.5 29,373.5 29,821.6 30,032.3 30,188.5 31,300.8 31,325.2 Per-Pupil Revenue $ 6,332.00 $ 6,336.10 $ 6,533.47 $ 6,861.41 $ 7,143.27 $ 7,257.13 $ 7,491.69 $ 7,916.73 $ 8,289.16 $ 7,460.25

St. Vrain Valley Schools Total Program Funding 2012 - 2021 300

250

200 Millions ($) Millions 150

100

- 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Local Property Tax Specific Ownership Tax State Equalization

St. Vrain Valley Schools Total Program Per-Pupil Revenue 2012 - 2021 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 Per-Pupil Revenue($) Per-Pupil 1,000 - 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

* Total Program Funding is calculated per the Colorado Department of Education (CDE). Actual amounts budgeted and received by the district vary due to actual vs. expected tax collections, CDE rescissions from the State Equalization payment, and rounding. Fund 10 PROPOSED- General Fund 31 2020-21 Adopted Budget Charter School Allocations

The District must account for 100% of the District’s per pupil revenue, including the increased funding for all-day kindergarten, multiplied by the funded pupil count of the charter schools. The per pupil revenue for FY21 is $7,460.25. The District also shares Mill Levy Override revenues with each of the six charter schools in proportion to their respective funded pupil counts. The student FPC for the charter schools for FY21 is 3,081.0, an increase of 46.1 compared to FY20, resulting in a total budgeted charter school allocation of $28,449,313 as follows:

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GENERAL FUND ADOPTED BUDGET SUMMARY OF CHARTER SCHOOL ALLOCATIONS FISCAL YEAR ENDING JUNE 30, 2021

St. Vrain Aspen Ridge Imagine Community Twin Peaks Preparatory Carbon Valley Flagstaff Charter Montessori Charter Charter Schools Allocation School Academy Academy School School Academy Total

Funded Pupil Count $ 436.0 $ 188.0 $ 869.0 $ 610.0 $ 244.0 $ 734.0 $ 3,081.0

Total Program Allocation 3,252,669 1,402,527 6,482,957 4,550,753 1,820,301 5,475,824 22,985,031 Mill Levy Override Allocation 750,460 323,593 1,495,756 1,049,955 419,982 1,263,389 5,303,135 ELPA Allocation* 9,423 7,249 19,209 5,799 3,262 30,083 75,025 Read Act Allocation 7,372 7,372 9,312 10,864 7,372 6,596 48,888 Gifted and Talented Allocation 4,295 1,852 8,560 6,009 2,404 7,230 30,350 Additional At-Risk Allocation 296 537 1,129 1,184 93 3,645 6,884 Total $ 4,024,515 $ 1,743,130 $ 8,016,923 $ 5,624,564 $ 2,253,414 $ 6,786,767 $ 28,449,313

* ELPA stands for English Language Proficiency Act

Fund 10 PROPOSED- General Fund 32 2020-21 Adopted Budget

FUND 18 - RISK MANAGEMENT FUND

The Risk Management Fund is used to account for the payment of loss or damage to the property of the school district, liability claims, workers’ compensation claims, insurance premiums, and related administrative expenses.

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; injuries to employees; and natural disasters. The District plans to provide for or restore the economic damages of those losses through risk retention and risk transfer.

The District is a member of two public entity risk sharing pools. The District’s share of each pool varies based on exposures, the contribution paid to each pool, the District’s claims experience, each pool’s claims experience, and each pool’s surplus and dividend policy. The District may be assessed to fund any pool surplus deficit.

Since July 1, 2002, the District has been a member of the Colorado School Districts Self Insurance Pool for property and liability insurance. The District has insurance deductibles of $50,000 (property and general liability), and $1,000 (vehicle liability) per claim.

Since July 1, 1985, the District has been a member of the Northern Colorado School Districts Workers’ Compensation Self Insurance Pool. The other current pool members are Park School District (Estes Park) and Weld RE 4 District (Windsor). The workers’ compensation pool discontinued insurance operations effective July 1, 1998, and resumed insurance operations on July 1, 2003. During the intervening years, insurance coverage was obtained outside the pool. The District’s deductible is $50,000 per claim for the year ended June 30, 2021.

Fund 18 PROPOSED- Risk Management Fund 33 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J RISK MANAGEMENT FUND FOR THE YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Investment Income $ 135,578 $ 125,000 $ 146,000 $ 120,000 $ 73,000 Miscellaneous 113,691 25,000 50,000 50,000 50,000 Total Local Revenues 249,269 150,000 196,000 170,000 123,000

State Revenues State Equalization 4,113,891 3,739,370 3,739,370 3,739,370 4,439,370 Total Revenues 4,363,160 3,889,370 3,935,370 3,909,370 4,562,370

Expenditures Salaries 278,216 331,210 330,721 315,721 336,454 Benefits 86,784 104,275 104,719 102,594 110,133 Purchased Services 1,900,584 3,638,700 3,638,700 2,984,833 4,257,950 Supplies and Materials 68,341 132,685 132,685 147,662 167,500 Claims Paid 876,461 1,632,000 1,632,000 700,000 1,582,000 Other 4,851 50,500 50,500 32,929 95,000 Total Expenditures 3,215,237 5,889,370 5,889,325 4,283,739 6,549,037 Excess of Revenues Over (Under) Expenditures 1,147,923 (2,000,000) (1,953,955) (374,369) (1,986,667)

Fund Balance, Beginning 5,966,417 6,626,242 7,114,340 7,114,340 6,739,971 Fund Balance, Ending Committed 7,114,340 4,626,242 5,160,385 6,739,971 4,753,304 Fund Balance, Ending $ 7,114,340 $ 4,626,242 $ 5,160,385 $ 6,739,971 $ 4,753,304

Fund 18 PROPOSED- Risk Management Fund 34 2020-21 Adopted Budget

FUND 19 - COLORADO PRESCHOOL PROGRAM FUND

The Colorado Preschool Program (CPP) Fund is used to account for revenue allocations from the General Fund used for the Colorado Preschool Program which is a state funded program for preschool children the year before kindergarten. Children who qualify for the Colorado Preschool Program may have a variety of risk factors in their family, including low income or substance abuse. Funding for the program uses a calculated amount called per-pupil operating revenue (PPOR), which is the General Fund’s per-pupil revenue under the state funding formula, less the Board-required Risk Management and Capital Reserve per-student allocation. The PPOR multiplied by the CPP funded pupil count that is certified in the October Count results in the total amount available to the CPP fund. A total of 506 slots are expected to be certified for FY21, resulting in a CPP Funded Pupil Count of 253.0, which translates to $1,801,423 in equalization revenue for the fund, net of the required allocation to the cap reserve fund.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J COLORADO PRESCHOOL PROGRAM FUND FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Investment Income $ 17,665 $ 19,000 $ 19,000 $ 12,939 $ 9,500

State Revenues State Equalization 1,781,264 1,859,996 2,155,184 2,155,184 1,887,443 Other State Revenues - - - 5,673 - Total State Revenues 1,781,264 1,859,996 2,155,184 2,160,857 1,887,443

Revenue Allocations Capital Reserve Fund (81,450) (84,825) (98,280) (98,280) (86,020) Total Revenues 1,717,479 1,794,171 2,075,904 2,075,516 1,810,923

Expenditures Salaries 198,475 209,465 209,771 211,771 221,826 Benefits 61,320 64,732 66,230 67,000 69,553 Purchased Services 1,194,515 1,280,725 1,373,350 1,862,147 1,489,776 Supplies and Materials 102,386 87,450 91,500 86,592 107,500 Capital Outlay - 250,000 550,000 - 150,000 Other 26,750 26,210 27,600 23,730 27,750 Total Expenditures 1,583,446 1,918,582 2,318,451 2,251,240 2,066,405 Excess of Revenues Over (Under) Expenditures 134,033 (124,411) (242,547) (175,724) (255,482)

Fund Balance, Beginning 666,704 827,504 800,737 800,737 625,013 Fund Balance, Ending Restricted 800,737 703,093 558,190 625,013 369,531 Fund Balance, Ending $ 800,737 $ 703,093 $ 558,190 $ 625,013 $ 369,531

Fund 19 PROPOSED- Colorado Preschool Program Fund 35 2020-21 Adopted Budget

FUND 21 - NUTRITION SERVICES FUND

The Nutrition Services Department is accountable for the meal service programs within the District. The program operates with a financially self-supporting budget. The program purchases food and supplies for preparation and service of meals according to Federal Child Nutrition Program guidelines. The Nutrition Services office staff assesses the needs of the department and its customers, sets measurable goals, and maintains a philosophy of customer service in dealing with students, parents, school staff, and the community.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J NUTRITION SERVICES FUND FOR THE YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Investment Income $ 25,467 $ 25,000 $ 24,000 $ 18,600 $ 12,000 Charges for Services 3,938,154 4,100,000 4,588,000 3,466,000 4,600,000 Miscellaneous 63,284 95,000 60,000 56,000 75,000 Total Local Revenues 4,026,905 4,220,000 4,672,000 3,540,600 4,687,000

State Revenues State Match 195,319 190,000 199,500 182,545 190,000

Federal Revenues Commodities Entitlement 725,715 656,000 670,000 670,000 670,000 National School Lunch Program 5,084,158 5,400,000 5,049,000 5,049,000 5,500,000 Total Federal Revenues 5,809,873 6,056,000 5,719,000 5,719,000 6,170,000 Total Revenues 10,032,097 10,466,000 10,590,500 9,442,145 11,047,000

Expenditures Salaries 3,687,020 4,008,191 3,940,800 3,940,800 4,112,350 Benefits 1,511,071 1,687,241 1,734,300 1,734,263 1,803,672 Purchased Services 121,104 140,000 108,000 108,000 125,000 Supplies and Materials 4,854,728 4,931,000 5,121,600 4,235,250 5,166,000 Capital Outlay 20,691 70,000 35,000 15,000 45,000 Other 100,000 100,000 100,000 100,000 100,000 Total Expenditures 10,294,614 10,936,432 11,039,700 10,133,313 11,352,022 Net Change in Fund Balance (262,517) (470,432) (449,200) (691,168) (305,022)

Fund Balance, Beginning 2,321,501 1,951,727 2,058,984 2,058,984 1,367,816 Fund Balance, Ending $ 2,058,984 $ 1,481,295 $ 1,609,784 $ 1,367,816 $ 1,062,794

Fund 21 PROPOSED- Nutrition Services 36 2020-21 Adopted Budget

FUND 22 - GRANTS FUND

The Governmental Designated Purpose Grant Fund is used to account for restricted state and federal grants.

The ESSA (Every Student Succeeds Act) of 2015 replaced and updated the NCLB (No Child Left Behind) Act of 2001. ESSA gives greater deference to state education policies and reduced the federal government’s role and oversight with regard to the education of Colorado’s K-12 students. For more information, visit www.ed.gov/essa.

Consolidated Grants

Title I: Part A: Improving Academic Achievement of the Disadvantaged This funding focuses on promoting school-wide reform in at-risk schools and ensuring student access to scientifically based instructional strategies and challenging academic content. This program is the largest ESSA program and allocates its resources based on the poverty rates of students.

Title II: Part A: Teachers and Principals Training and Recruiting This grant helps to ensure high quality teachers will be available for all students. The grant provides for teacher training and recruitment of highly qualified teachers, para-educators, and principals capable of ensuring that all children achieve high standards.

Title III: Language Instruction for Limited English Proficient and Immigrant Students This grant helps children with limited English skills develop high levels of academic attainment in English and meet the state academic achievement standards set for each grade level. Title III also addresses the need for family literacy, providing English language instruction for parents and preschool age children.

Title IV: Part A: Student Support and Academic Enrichment This grant is intended to improve students’ academic achievement by increasing the capacity of State educational agencies (SEAs), local educational agencies (LEAs), and local communities to provide all students with access to a well-rounded education; improve school conditions for student learning; and improve the use of technology to improve the academic achievement and digital literacy of all students.

Federal Grants

IDEA - PL 94-142 - Part B The purposes of the Individuals with Disabilities Education Act (IDEA) are to ensure that all children with disabilities have available to them free appropriate public education which emphasizes special education and related services designed to meet their unique needs; ensure the rights of children with disabilities are protected; assist local educational agencies to provide education of all children with disabilities; and assess and ensure the effectiveness of efforts to educate children with disabilities.

IDEA - PL 99-457 – Preschool Provides grants to local education agencies to assist in providing special education and related services to children with disabilities ages three to five.

Fund 22 PROPOSED- Grants Fund 37 2020-21 Adopted Budget

Carl Perkins – Career and Technical Education This grant develops the vocational skills of secondary students by promoting integrated career, academic, and technical instruction.

McKinney - Education for Homeless Children and Youth This grant ensures that all homeless children and youth have equal access to the same free, appropriate public education available to other children.

State Grants

School to Work Alliance Program (SWAP) The purpose of SWAP is to provide career development and employment related services to youth with disabilities through partnership with the Colorado Department of Education, the Division of Vocational Rehabilitation and school districts. SWAP is designed to enhance transition services mandated through IDEA.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J GOVERNMENTAL DESIGATED PURPOSE GRANTS FUND FOR THE YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues State Revenues State Grants $ 843,892 $ 982,000 $ 2,303,255 $ 1,697,585 $ 2,603,883

Federal Revenues Special Education 4,218,802 4,863,594 6,573,670 4,530,098 6,739,734 Other Federal Grants 4,637,381 4,457,406 5,201,990 4,508,757 4,730,458 Total Federal Revenues 8,856,183 9,321,000 11,775,660 9,038,855 11,470,192 Total Revenues 9,700,075 10,303,000 14,078,915 10,736,440 14,074,075

Expenditures Salaries 5,865,032 6,185,000 6,476,980 6,208,882 6,520,386 Benefits 1,922,409 1,983,000 2,439,271 2,301,467 2,512,533 Purchased Services 595,333 495,000 1,234,654 725,437 1,283,385 Supplies and Materials 562,515 807,000 3,038,661 813,095 2,990,601 Capital Outlay 85,116 32,000 - 14,500 - Other 669,670 801,000 889,349 673,059 767,170 Total Expenditures 9,700,075 10,303,000 14,078,915 10,736,440 14,074,075 Excess of Revenues Over (Under) Expenditures - - - - -

Fund Balance, Beginning - - - - - Fund Balance, Ending $ - $ - $ - $ - $ -

Fund 22 PROPOSED- Grants Fund 38 2020-21 Adopted Budget

FUND 23 - STUDENT ACTIVITIES SPECIAL REVENUE FUND

The Student Activities Special Revenue Fund records financial transactions related to school sponsored pupil intrascholastic and interscholastic athletic and other related activities. Although these activities are generally supported by revenues from pupils and gate receipts, they may be supplemented by fundraisers and gifts. Accounting is maintained for each District school and department, and separate activities within each location.

Fund 23 PROPOSED- Student Activities Special Revenue Fund 39 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J STUDENT ACTIVITIES SPECIAL REVENUE FUND FOR THE YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues

Local Revenues Athletic Activities $ 2,869,002 $ 2,772,000 $ 2,900,000 $ 2,300,000 $ 2,585,000 Pupil Activities 3,726,435 3,803,000 3,800,000 3,050,000 3,388,000 PTO/Gift Activities 933,622 782,000 940,000 650,000 792,000 Investment Income 132,164 140,000 128,000 108,000 64,000 Total Local Revenues 7,661,223 7,497,000 7,768,000 6,108,000 6,829,000 Total Revenues 7,661,223 7,497,000 7,768,000 6,108,000 6,829,000

Expenditures Athletic Activities 3,075,732 3,084,000 3,300,000 2,520,000 3,076,000 Pupil Activities 3,557,603 3,703,000 3,800,000 2,700,000 3,558,000 PTO Gift Activities 737,665 785,000 900,000 700,000 738,000 Total Expenditures 7,371,000 7,572,000 8,000,000 5,920,000 7,372,000 Excess of Revenues Over Expenditures 290,223 (75,000) (232,000) 188,000 (543,000)

Transfers in (out) (11,020) - (183,000) (190,537) - Net Change in Fund Balance 279,203 (75,000) (415,000) (2,537) (543,000)

Fund Balance, Beginning 5,234,070 5,583,048 5,513,273 5,513,273 5,510,736 Fund Balance, Ending $ 5,513,273 $ 5,508,048 $ 5,098,273 $ 5,510,736 $ 4,967,736

FUND BALANCE JUNE 30, 2019

Fund 23 PROPOSED- Student Activities Special Revenue Fund 40 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J STUDENT ACTIVITIES SPECIAL REVENUE FUND BALANCES

Location 2016 2017 2018 2019 Elementary Schools Alpine Elementary $ (12,135) $ (16,011) $ 15,540 $ 14,891 Black Rock Elementary 53,031 43,451 38,187 56,715 Blue Mountain Elementary (6,162) 18,624 12,678 19,384 Burlington Elementary 64,124 70,157 48,344 65,455 Centennial Elementary 15,423 16,017 11,978 12,164 Central Elementary 38,609 35,675 37,557 46,083 Columbine Elementary 25,623 22,785 19,365 18,413 Eagle Crest Elementary 30,773 32,259 26,883 37,451 Erie Elementary 8,553 8,253 13,459 14,590 Fall River Elementary 53,832 49,631 52,144 48,717 Grand View Elementary - - - 5,590 Hygiene Elementary 14,040 5,097 4,507 5,007 Indian Peaks Elementary 10,664 15,047 17,668 14,420 Legacy Elementary 20,166 21,613 16,209 23,305 Longmont Estates Elementary 6,403 6,852 8,624 943 Lyons Elementary 44,751 40,476 31,391 35,463 Mead Elementary 32,479 34,661 40,102 46,667 Mountain View Elementary 23,793 16,545 32,556 22,459 Niwot Elementary 22,957 27,601 15,775 27,752 Northridge Elementary 10,237 16,319 20,232 31,681 Prairie Ridge Elementary 43,239 45,347 47,839 53,922 Red Hawk Elementary 46,556 46,777 40,356 38,389 Rocky Mountain Elementary 23,754 21,955 21,559 37,547 Sanborn Elementary 25,147 32,060 35,853 41,257 Elementary Schools Total 595,857 611,191 608,805 718,265 Middle and K-8 Schools Altona Middle 78,250 78,977 49,892 57,510 Coal Ridge Middle 75,604 81,576 77,438 74,086 Erie Middle 138,344 161,708 174,563 144,352 Longs Peak Middle 31,269 28,196 21,026 21,677 Mead Middle 83,408 89,737 82,168 66,255 Sunset Middle 174,819 169,085 157,521 137,434 Soaring Heights PK-8 - - 10,000 24,481 Thunder Valley K-8 33,233 38,330 47,592 57,703 Timberline PK-8 57,978 69,654 61,681 58,055 Trail Ridge Middle 70,417 77,582 73,173 59,767 Westview Middle 75,072 104,364 107,971 97,948 Middle and K-8 Schools Total 818,394 899,209 863,024 799,268 High Schools Erie High 270,067 332,490 383,720 442,524 Frederick High 152,371 164,534 208,115 165,679 Longmont High 315,767 298,749 310,464 341,419 Lyons Middle Senior 88,725 107,733 80,224 105,423 Mead High 137,463 182,713 272,629 271,448 Niwot High 214,152 239,660 230,518 225,887 Olde Columbine High 56,367 63,338 73,647 74,159 Silver Creek High 189,155 189,144 226,139 200,550 Skyline High 240,690 271,360 294,252 285,881 High Schools Total 1,664,757 1,849,721 2,079,708 2,112,970 Programs and Departments Apex Homeschool 17,224 23,530 26,134 25,981 Curriculum Specialist 72,696 52,977 14,234 9,871 District Athletics 441,209 508,642 602,598 442,069 District Technology 266,348 325,570 472,630 660,705 Extracurricular 20,751 22,293 28,024 31,594 Financial Services 57,445 57,279 57,197 57,283 Innovation Programs - 27,656 10,962 12,345 Student Services 14,178 16,068 17,541 18,224 Superintendents Office 88,084 166,204 125,968 250,539 Vocational Education Services 143,869 127,342 112,904 84,888 Title I 7,067 10,067 13,147 15,789 Other 96,189 128,934 201,192 273,482 Programs and Departments Total 1,225,060 1,466,562 1,682,531 1,882,770 District Total $ 4,304,068 $ 4,826,683 $ 5,234,070 $ 5,513,273 Fund 23 PROPOSED- Student Activities Special Revenue Fund 41 2020-21 Adopted Budget

FUND 27 - COMMUNITY EDUCATION FUND

The Community Education Fund is a Special Revenue Fund and is used to record financial transactions from such activities as summer school, community projects, and student alternative make-up programs.

Community Schools - Funds are generated through tuition and fees. Expenditures include salaries, enrichment program services, supplies/materials, and some furniture/equipment purchases. Community Schools includes before/after school child care, wrap-around programs for part-time preschool students, and after-school, summer, or non-school-day enrichment programs. Community Schools primarily serves elementary school age students.

Facility Use - Funds are generated through rental and use fees of district facilities. Expenditures include costs for custodial services, repairs and maintenance, administration, and supplies and materials.

Summer School - Funds are generated through tuition and donations. Expenditures include instructor salaries, clerical support, supplies/materials, tuition assistance and utility/custodial support. This program serves students in both elementary and secondary grades.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J COMMUNITY EDUCATION FUND FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21

Revenues

Local Revenues Investment Income $ 89,639 $ 90,000 $ 86,000 $ 64,000 $ 42,000 Charges for Services 7,264,693 7,350,220 7,014,000 5,200,505 5,150,800 Total Revenues 7,354,332 7,440,220 7,100,000 5,264,505 5,192,800

Expenditures Instruction 5,070,242 5,337,686 4,916,918 4,227,909 3,982,000 Support Services 2,124,878 1,994,620 2,383,082 2,032,013 1,634,000 Capital Outlay 52,931 100,000 100,000 35,547 25,000 Total Expenditures 7,248,051 7,432,306 7,400,000 6,295,469 5,641,000 Excess (Deficiency) of Revenues Over (Under) Expenditures 106,281 7,914 (300,000) (1,030,964) (448,200)

Transfers in (out) 11,020 - 408,000 20,526 - Net Change in Fund Balance 117,301 7,914 108,000 (1,010,438) (448,200)

Fund Balance, Beginning 3,328,369 3,493,840 3,445,670 3,445,670 2,435,232 Fund Balance, Ending Restricted 3,445,670 3,501,754 3,553,670 2,435,232 1,987,032 Fund Balance, Ending $ 3,445,670 $ 3,501,754 $ 3,553,670 $ 2,435,232 $ 1,987,032

Fund 27 PROPOSED- Community Education Fund 42 2020-21 Adopted Budget

FUND 29 - FAIR CONTRIBUTIONS FUND

This Special Revenue Fund was first established November 15, 1995 in accordance with the Intergovernmental Agreement Concerning Fair Contributions for Public School Sites between the City of Longmont and the St. Vrain Valley School District in order to collect monies for acquisition, development or expansion of public school sites based on the impacts created by residential subdivisions. Since that date, additional intergovernmental agreements have been set up with the Towns of Mead, Frederick, Firestone, Erie, Lyons, Dacono and Broomfield. Additional fair contribution fees for public school sites are collected from Boulder County, Larimer County, and from individual developers in Weld County.

The fee is assessed according to the type of dwelling: single family, duplex/triplex, condo/townhouse, multi-family or mobile home. The fees are collected for use within the senior high school feeder attendance area boundaries, which serve the individual dwelling units.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J FAIR CONTRIBUTIONS FOR PUBLIC SCHOOL SITES FUND FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Investment Income $ 153,364 $ 160,000 $ 150,000 $ 121,000 $ 75,000 Miscellaneous 2,587,132 2,400,000 2,500,000 1,065,000 1,488,000 Total Revenues 2,740,496 2,560,000 2,650,000 1,186,000 1,563,000

Expenditures Purchased Services 360,261 500,000 500,000 15,000 500,000 Capital Outlay 167,130 1,500,000 1,600,000 1,250,000 2,000,000 Total Expenditures 527,391 2,000,000 2,100,000 1,265,000 2,500,000 Excess of Revenues Over (Under) Expenditures 2,213,105 560,000 550,000 (79,000) (937,000)

Fund Balance, Beginning 5,378,716 6,826,716 7,591,821 7,591,821 7,512,821 Fund Balance, Ending Committed 7,591,821 7,386,716 8,141,821 7,512,821 6,575,821 Fund Balance, Ending $ 7,591,821 $ 7,386,716 $ 8,141,821 $ 7,512,821 $ 6,575,821

Fund 29 PROPOSED- Fair Contributions Fund 43 2020-21 Adopted Budget

FUND 31 - BOND REDEMPTION FUND

The Bond Redemption Fund is a debt service fund used to account for property taxes levied and investment income earned, and to provide for payment of general long-term debt principal retirement, semi-annual interest, and related fees.

The District's long-term debt, in the form of general obligation bonds, totals $514,915,000 as of June 30, 2020. In November of 2016, District taxpayers authorized $260 million of general obligation debt in order to address the District’s capital needs due to growth. In December of 2016, the District issued $200 million of the $260 million that was authorized, and issued the remaining $60 million in October of 2018. The budgeted amount for the District’s debt service and related fees for Fiscal Year 2020-21 is $60,164,439. Property taxes provide nearly all of the revenue for this fund, with investment income contributing less than 1%.

The legal debt limit of 20% of the District's 2019 assessed valuation of $4.18 billion is $835.3 million. This exceeds the net amount of the District's bonds payable as of December 31, 2019 by approximately $320.4 million.

The District's enrollment has increased between 0.66% and 2.26% per year over the past five years. Before the COVID-19 pandemic, continued annual increases of approximately 1 - 2% were expected for the next several years. A downward impact to the enrollment from the pandemic is anticipated, though the magnitude of such is unknown at this time. District needs for additional school facilities are expected to continue to increase as growth resumes in subsequent years, and additional facility needs increased due to the expansion of the kindergarten program in the 2019-20 school year. The need for the issuance of bonds to provide for these school facilities is carefully considered with the assistance of the Long-Range Facilities Planning Committee.

The property tax levy for principal and interest on bonds was Board-approved at 17.550 mills for property tax year 2019, which is approximately 30.5% of the total tax levy of 57.559 mills. The District’s debt service payments remain stable until 2023. In 2024, debt service payments are structured to drop by approximately $15 million per year, decreasing modestly until 2031. Principal and interest payments from 2032 forward are structured to increase again until the majority of bonds are paid off in 2034, with a few remaining bonds scheduled through 2036. Maintaining the current scheduled repayment of long-term debt is not expected to have any significant financial impact on current or future operations of the District.

GENERAL OBLIGATION BONDS Outstanding Balance Issue Date Issue Amount Interest % * Principal Due Premium ** as of June 30, 2020 Note April 2006 $ 43,455,000 5.25% Dec 15 through 2020 $ 2,520,719 $ 7,750,000 1 February 2009 $104,000,000 3.000% - 3.625% Dec 15 through 2021 $ 504,199 200,000 2 May 2010 $ 8,590,000 5.25% Dec 15, 2023 - 2025 $ 1,191,756 8,590,000 May 2010 $ 76,410,000 5.34% - 5.79% Dec 15, 2026-2033 $ - 76,410,000 3 May 2011 $ 34,355,000 5.0% Dec 15 through 2019 $ 4,011,133 - June 2011 $ 31,150,000 2.75% - 5.0% Dec 15 through 2022 $ 4,359,203 25,065,000 February 2012 $ 34,695,000 2.0% - 4.0% Dec 15 through 2024 $ 4,245,413 23,395,000 October 2014 $ 50,355,000 3.0% - 5.0% Dec 15 through 2026 $ 10,821,491 46,450,000 February 2016 $115,155,000 2.5% - 5.0% Dec 15 through 2033 $ 12,871,395 96,235,000 October 2016 $ 14,390,000 1.75% - 5.0% Dec 15, 2021 - 2022 $ 2,430,004 14,390,000 December 2016 $200,000,000 3.0% - 5.0% Dec 15 through 2036 $ 23,640,238 183,325,000 October 2018 $ 60,340,000 5.0% Dec 15 through 2022 $ 3,415,401 33,105,000 $ 514,915,000

* All interest is payable on June 15 and December 15. ** All premiums are being amortized over the life of the bonds. 1) The April 2006 issuance was partially refunded in October of 2016. 2) Due to favorable market conditions, a portion of the February 2009 bonds was refinanced in Fiscal Year 2016. 3) The $76,410,000 bond issuance in May of 2010 was part of the Direct Pay Build America Bond Program. Fund 31 PROPOSED- Bond Redemption Fund 44 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J BOND REDEMPTION FUND FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Property Taxes $ 58,052,777 $ 62,440,000 $ 73,294,052 $ 73,294,052 $ 73,294,052 Investment Income 1,002,126 950,000 1,200,000 700,000 600,000 Total Revenues 59,054,903 63,390,000 74,494,052 73,994,052 73,894,052

Expenditures Debt Principal 42,730,000 33,775,000 33,775,000 33,775,000 36,585,000 Interest 26,106,920 25,208,839 25,208,839 25,208,839 23,559,439 Fiscal Charges 15,594 20,000 21,000 16,000 20,000 Total Expenditures 68,852,514 59,003,839 59,004,839 58,999,839 60,164,439 Excess of Revenues and Other Sources Over (Under) Expenditures and Other Uses (9,797,611) 4,386,161 15,489,213 14,994,213 13,729,613

Fund Balance, Beginning 62,572,848 54,058,928 52,775,237 52,775,237 67,769,450 Fund Balance, Ending $ 52,775,237 $ 58,445,089 $ 68,264,450 $ 67,769,450 $ 81,499,063

Fund 31 PROPOSED- Bond Redemption Fund 45 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J BOND REDEMPTION FUND GENERAL OBLIGATION BONDS AS OF JUNE 30, 2020

General Obligation Bonds Principal Interest Total Refunding 1997 in 2006 $ 7,750,000 $ 203,438 $ 7,953,438 Building 2009 200,000 7,063 207,063 Building 2010A 8,590,000 2,044,350 10,634,350 Building 2010B 76,410,000 46,056,813 122,466,813 Refunding 2003 in 2011B 25,065,000 1,887,975 26,952,975 Refunding 2004 in 2012 23,395,000 2,634,950 26,029,950 Refunding 2006 in 2014 46,450,000 12,033,750 58,483,750 Refunding 2009 in 2016A 96,235,000 39,547,250 135,782,250 Refunding 2006 in 2016B 14,390,000 1,259,106 15,649,106 Building 2016C 183,325,000 94,231,325 277,556,325 Building 2018 33,105,000 2,536,875 35,641,875 Total General Obligation Bonds $ 514,915,000 $ 202,442,895 $ 717,357,895

DETAIL OF ANNUAL PAYMENTS - ALL BONDS

Total Fiscal Year Principal Interest Principal/Interest 2020-21 $ 36,585,000 $ 23,559,439 $ 60,144,439 2021-22 36,185,000 21,932,820 58,117,820 2022-23 36,795,000 20,284,189 57,079,189 2023-24 23,050,000 18,900,695 41,950,695 2024-25 24,560,000 17,823,958 42,383,958 2025-26 25,910,000 16,616,139 42,526,139 2026-27 27,510,000 15,272,742 42,782,742 2027-28 28,190,000 13,853,223 42,043,223 2028-29 29,270,000 12,367,637 41,637,637 2029-30 30,185,000 10,877,601 41,062,601 2030-31 31,530,000 9,381,106 40,911,106 2031-32 39,680,000 7,654,560 47,334,560 2032-33 43,875,000 5,629,415 49,504,415 2033-34 39,815,000 3,725,221 43,540,221 2034-35 20,345,000 2,478,400 22,823,400 2035-36 20,430,000 1,560,750 21,990,750 2036-37 21,000,000 525,000 21,525,000 Total $ 514,915,000 $ 202,442,895 $ 717,357,895

Fund 31 PROPOSED- Bond Redemption Fund 46 2020-21 Adopted Budget

FUND 41 - BUILDING FUND

The Building Fund is a Capital Project Fund used to budget and account for the proceeds of bond sales and expenditures for capital outlay for land, buildings, improvements of grounds, construction of buildings, additions or remodeling of buildings, or the initial purchase and replacement of certain equipment.

In December 2016, the District issued $200 million in bonds and received an additional $23.6 million in bond premium. This resulted in a total of $223.6 million in proceeds from the initial sale of bonds that were authorized by voters in November 2016. Many projects are funded by these bonds, including the recently-opened Grand View Elementary, Soaring Heights PK-8, and the St. Vrain Innovation Center.

An additional $60 million bond issuance took place in October of 2018, generating an additional $3.4 million in premium. This provided the balance of the funds necessary for all of the planned projects as described in the November 2016 ballot information.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J BUILDING FUND FISCAL YEARS ENDED 2019 - 2021 Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Investment Income $ 3,171,352 $ 2,800,000 $ 2,600,000 $ 1,900,000 $ 650,000 Miscellaneous 301,944 5,000 610,000 610,000 5,000 Total Revenues 3,473,296 2,805,000 3,210,000 2,510,000 655,000

Expenditures Salaries 461,074 635,600 580,000 580,000 580,000 Benefits 138,907 192,000 180,000 180,000 180,000 Purchased Services 12,086,424 10,000,000 14,000,000 10,000,000 12,000,000 Supplies and Materials 247,764 - - 3,000 - Capital Outlay 30,333,570 60,000,000 70,000,000 50,000,000 55,000,000 Other 4,114 5,000 6,000 4,000 5,000 Total Expenditures 43,271,853 70,832,600 84,766,000 60,767,000 67,765,000 Excess of Revenues Over (Under) Expenditures (39,798,557) (68,027,600) (81,556,000) (58,257,000) (67,110,000) Other Financing Sources (Uses) Proceeds of Bonds 60,340,000 - - - - Premium on Issuance of Bonds 3,415,401 - - - - Total other financing sources 63,755,401 - - - - Net change in fund balance 23,956,844 (68,027,600) (81,556,000) (58,257,000) (67,110,000)

Fund Balance, Beginning 101,441,315 95,696,316 125,398,159 125,398,159 67,141,159 Fund Balance, Ending $ 125,398,159 $ 27,668,716 $ 43,842,159 $ 67,141,159 $ 31,159

Fund 41 PROPOSED- Building Fund 47 2020-21 Adopted Budget

FUND 43 - CAPITAL RESERVE FUND

Schools and departments submit project and equipment funding requests. Requests are evaluated and recommended by the Capital Reserve Committee and submitted to the Board of Education for final approval.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J CAPITAL RESERVE CAPITAL PROJECTS FUND FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Investment Income $ 202,522 $ 210,000 $ 220,000 $ 220,000 $ 110,000 Miscellaneous 310,461 75,000 191,677 186,848 -

State Revenues State Equalization 9,912,533 7,175,029 6,080,821 6,080,821 6,194,101 Total Revenues 10,425,516 7,460,029 6,492,498 6,487,669 6,304,101

Expenditures Capital Expenditures 8,834,290 9,288,000 10,044,106 8,851,536 8,247,373 Revenues Less Expenditures 1,591,226 (1,827,971) (3,551,608) (2,363,867) (1,943,272) Transfers in (out) - - 371,060 371,060 - Excess of Revenues Over (Under) Expenditures 1,591,226 (1,827,971) (3,180,548) (1,992,807) (1,943,272)

Fund Balance, Beginning 7,714,189 9,864,550 9,305,415 9,305,415 7,312,608 Fund Balance, Ending Committed 9,305,415 8,036,579 6,124,867 7,312,608 5,369,336 Fund Balance, Ending $ 9,305,415 $ 8,036,579 $ 6,124,867 $ 7,312,608 $ 5,369,336

Fund 43 PROPOSED- Capital Reserve Fund 48 2020-21 Adopted Budget

CAP RESERVE FY 2021 SUMMARY GF Funded 2020 CAP Reserve ESTIMATED COSTS

Percent of 2021 Proposed 2021 CAP Fund Accounts Fund Manager Total CAP Summary Funding Source Arts/Athletics Executive Director of Athletics/Fine Arts 2.5 % $ 209,373 2021 General Fund Custodial Custodial Manager 8.5 % 704,000 2021 General Fund Maintenance Districtwide Executive Director of Construction/Mainenance 78.7 % 6,480,000 2021 General Fund Nutrition Services Director of Nutrition Services 1.2 % 100,000 2021 General Fund Regulatory Compliance Assitant Superintendent of Operations 1.2 % 100,000 2021 General Fund Support Services - Growth Assitant Superintendent of Operations 1.2 % 100,000 2021 General Fund Transportation Director of Transportation 6.7 % 554,000 2021 General Fund Total 100.0 % $ 8,247,373

Fund 43 PROPOSED- Capital Reserve Fund 49 2020-21 Adopted Budget

FUND 65 - SELF INSURANCE FUND

The Self Insurance Fund is an internal service fund used to account for the District’s self-funded insurance plan. Revenues for the fund include employee and District contributions towards health and dental claims, and rebates or incentives from healthcare provider contracts. Expenditures include salary, benefits, purchased services, supplies, and equipment related to managing the self-insurance health and dental plans and complying with the Health Insurance Portability and Accountability Act (HIPAA).

Initial funding for the fund was in the form of transfers from the General Fund that were attributable to the United, Cigna and MetLife plan histories, and the results of successful negotiations by the District Administration on behalf of the District’s employees.

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J SELF INSURANCE FUND FISCAL YEARS ENDED 2019 - 2021

Adopted Amended Projected Adopted Actual Budget Budget Actual Budget 6/30/19 6/30/20 6/30/20 6/30/20 6/30/21 Revenues Local Revenues Investment Income $ 131,464 $ 120,000 $ 120,000 $ 96,292 $ 60,000 Charges for Services 21,161,876 22,875,480 23,571,000 24,175,000 24,175,000 Miscellaneous - 10,000 10,000 77,460 10,000 Total Revenues 21,293,340 23,005,480 23,701,000 24,348,752 24,245,000

Expenditures Salaries 185,883 205,200 205,200 206,908 215,185 Benefits 55,728 60,480 60,480 58,772 61,121 Purchased Services 2,694,947 3,052,480 3,652,480 3,530,000 4,134,000 Supplies and Materials - 5,400 5,400 - 5,400 Claims Paid 15,603,272 18,068,400 18,791,136 17,050,000 20,204,009 Other 706,097 730,000 820,000 840,000 943,000 Total Expenditures 19,245,927 22,121,960 23,534,696 21,685,680 25,562,715 Excess of Revenues Over (Under) Expenditures 2,047,413 883,520 166,304 2,663,072 (1,317,715)

Fund Balance, Beginning 4,447,290 6,166,290 6,494,703 6,494,703 9,157,775 Fund Balance, Ending $ 6,494,703 $ 7,049,810 $ 6,661,007 $ 9,157,775 $ 7,840,060

Fund 65 PROPOSED- Self Insurance Fund 50 2020-21 Adopted Budget SUMMARY BUDGET REPORTS

The following pages contain consolidated budgetary information to provide a district-wide, comprehensive summary of the individual fund budgets.

Consolidated Budget Summary

The first page of the Consolidated Budget Summary shows all funds available compared to total appropriations, indicating total non-appropriated fund balances, summarized by operating funds and other funds. Subsequent pages show the detail for each fund in a side-by-side, comparison format.

Operating funds include the General Fund, Capital Reserve Fund, Colorado Preschool Program Fund, Community Education Fund, Fair Contributions Fund, Designated Grant Fund, Nutrition Services Fund, Risk Management Fund, Self-Insurance Fund and Student Activities Special Revenue Fund. The Student Scholarship Fund closed in FY19; there are no budgets or appropriations for these funds in FY20.

Other funds include the Bond Redemption Fund and Building Fund.

Expenditures by Program and Object

This schedule presents the budget of each fund, organized by program and object, according to the state-mandated “Uniform Budget Summary” format as required under C.R.S. 22-44-105(1)(d.5).

SummaryPROPOSED Budget Reports 51 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J CONSOLIDATED ADOPTED BUDGET SUMMARY FISCAL YEAR ENDING JUNE 30, 2021

Net Net Operating Other Funds District Fund Accounts Funds Total Total Total Beginning Fund Balance $ 172,423,989 $ 134,910,609 $ 307,334,598 Revenues 393,780,057 74,549,052 468,329,109 Transfers In - - - Total Funds Available 566,204,046 209,459,661 775,663,707

Expenditures 428,535,307 127,929,439 556,464,746 Transfers Out - - - TABOR Reserves 10,739,000 - 10,739,000 Other Appropriated Reserves 126,929,739 81,530,222 208,459,961 Total Appropriations $ 566,204,046 $ 209,459,661 $ 775,663,707

SummaryPROPOSED Budget Reports 52 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J CONSOLIDATED ADOPTED BUDGET SUMMARY OPERATING FUNDS FISCAL YEAR ENDING JUNE 30, 2021

Colorado Fair Capital Reserve Preschool Community Contributions General Fund Fund Program Fund Education Fund Fund Revenues State Formula Property Taxes $ 106,705,806 $ - $ - $ - $ - State Equalization 111,575,493 6,194,101 1,801,423 - - Specific Ownership Taxes 12,000,000 - - - - Local Sources Mill Levy Override 56,755,906 - - - - Investment Income 1,450,000 110,000 9,500 42,000 75,000 Charges for Services 4,324,580 - - 5,150,800 - Other 3,850,181 - - - 1,488,000 State Sources Special Education 7,832,142 - - - - Vocational Education 875,028 - - - - Transportation 2,020,380 - - - - State On-Behalf Payment to PERA 4,700,000 - - - - Other 2,876,185 - - - - Federal Sources Special Education - - - - - Other 3,186,087 - - - - Total Revenues 318,151,788 6,304,101 1,810,923 5,192,800 1,563,000 Other Sources - - - - - Total Revenues and Other Sources 318,151,788 6,304,101 1,810,923 5,192,800 1,563,000

Expenditures Instruction Services Direct Instruction 187,126,496 209,373 1,507,676 154,279 - Instructional Support Services 36,929,842 - 228,115 80,500 - School Management 24,420,980 - 180,614 12,796 - Instruction Services Subtotal 248,477,318 209,373 1,916,405 247,575 - District Wide Support Services General Administration 3,523,019 - - - - Fiscal Services 5,033,616 - - - - Operations/Maintenance/Custodial 26,949,573 4,934,000 150,000 - 500,000 Pupil Transportation 10,973,121 554,000 - - - Central Services 15,983,441 - - - - Other Support 1,178,840 - - - - Nutrition Services 45,000 100,000 - - - District Wide Support Services Subtotal 63,686,610 5,588,000 150,000 - 500,000 Community Services 167,000 - - 5,393,425 - Property - 2,450,000 - - 2,000,000 Other Operating Expendiures 4,390,439 - - - - Charter Schools 28,449,313 - - - - District Wide Subtotal 33,006,752 2,450,000 - 5,393,425 2,000,000 Total Budgeted Expenditures 345,170,680 8,247,373 2,066,405 5,641,000 2,500,000 Transfers (in) out - - - - - Total Exenditures and Transfers 345,170,680 8,247,373 2,066,405 5,641,000 2,500,000 Net Change in Fund Balance (27,018,892) (1,943,272) (255,482) (448,200) (937,000) Beginning Fund Balance 131,762,017 7,312,608 625,013 2,435,232 7,512,821 Ending Fund Balance 104,743,125 5,369,336 369,531 1,987,032 6,575,821 Assigned 11,447,451 - - - - Committed 14,000,000 5,369,336 - - - Nonspendable 1,700,000 - - - - Restricted for TABOR 10,739,000 - - - - Restricted 2,381,716 - 369,531 1,987,032 - Committed for Contigencies 7,159,000 - - - - Assigned/Unassigned Fund Balance $ 57,315,958 $ - $ - $ - $ 6,575,821

Funded Pupil Count 30,819.2 31,325.2 506.0 31,325.2 Budgeted Expenditure per Funded Pupil $ 11,200 $ 263 $ 4,084 $ 80 SummaryPROPOSED Budget Reports 53 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J CONSOLIDATED ADOPTED BUDGET SUMMARY OPERATING FUNDS FISCAL YEAR ENDING JUNE 30, 2021

Designated Risk Student Purpose Grants Nutrition Management Self Insurance Activities Special Fund Services Fund Fund Fund Revenue Fund Total Revenues State Formula Property Taxes $ - $ - $ - $ - $ - $ 106,705,806 State Equalization - - 4,439,370 - - 124,010,387 Specific Ownership Taxes - - - - - 12,000,000 Local Sources Mill Levy Override - - - - - 56,755,906 Investment Income - 12,000 73,000 60,000 64,000 1,895,500 Charges for Services - 4,600,000 - 24,175,000 - 38,250,380 Other - 75,000 50,000 10,000 6,765,000 12,238,181 State Sources Special Education - - - - - 7,832,142 Vocational Education - - - - - 875,028 Transportation - - - - - 2,020,380 State On-Behalf Payment to PERA - - - - - 4,700,000 Other 2,603,883 190,000 - - - 5,670,068 Federal Sources Special Education 6,739,734 - - - - 6,739,734 Other 4,730,458 6,170,000 - - - 14,086,545 Total Revenues 14,074,075 11,047,000 4,562,370 24,245,000 6,829,000 393,780,057 Other Sources ------Total Revenues and Other Sources 14,074,075 11,047,000 4,562,370 24,245,000 6,829,000 393,780,057

Expenditures Instruction Services Direct Instruction 7,761,564 - - - 6,779,872 203,539,260 Instructional Support Services 5,010,494 - - - 41,748 42,290,699 School Management 99,899 - - - - 24,714,289 Instruction Services Subtotal 12,871,957 - - - 6,821,620 270,544,248 District Wide Support Services General Administration - - - - - 3,523,019 Fiscal Services - - - - - 5,033,616 Operations/Maintenance/Custodial 487,348 - 854,905 - - 33,875,826 Pupil Transportation - - - - - 11,527,121 Central Services - - 5,694,132 25,562,715 522,168 47,762,456 Other Support 714,770 - - - - 1,893,610 Nutrition Services - 11,352,022 - - - 11,497,022 District Wide Support Services Subtotal 1,202,118 11,352,022 6,549,037 25,562,715 522,168 115,112,670 Community Services - - - - 28,212 5,588,637 Property - - - - - 4,450,000 Other Operating Expendiures - - - - - 4,390,439 Charter Schools - - - - - 28,449,313 District Wide Subtotal - - - - 28,212 42,878,389 Total Budgeted Expenditures 14,074,075 11,352,022 6,549,037 25,562,715 7,372,000 428,535,307 Transfers (in) out ------Total Exenditures and Transfers 14,074,075 11,352,022 6,549,037 25,562,715 7,372,000 428,535,307 Net Change in Fund Balance - (305,022) (1,986,667) (1,317,715) (543,000) (34,755,250) Beginning Fund Balance - 1,367,816 6,739,971 9,157,775 5,510,736 172,423,989 Ending Fund Balance - 1,062,794 4,753,304 7,840,060 4,967,736 137,668,739 Assigned - - - - - 11,447,451 Committed - - 4,753,304 7,840,060 - 31,962,700 Nonspendable - - - - - 1,700,000 Restricted for TABOR - - - - - 10,739,000 Restricted - 1,062,794 - - 4,967,736 10,768,809 Committed for Contigencies - - - - - 7,159,000 Assigned/Unassigned Fund Balance $ - $ - $ - $ - $ - $ 63,891,779

Funded Pupil Count 31,325.2 31,325.2 31,325.2 31,325.2 Budgeted Expenditure per Funded Pupil $ 449 $ 362 $ 209 $ 235 SummaryPROPOSED Budget Reports 54 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J CONSOLIDATED ADOPTED BUDGET SUMMARY OTHER FUNDS FISCAL YEAR ENDING JUNE 30, 2021

Bond Net Total Other Description Redemption Fund Building Fund Funds Revenues Local Sources Property Taxes $ 73,294,052 $ - $ 73,294,052 Investment Income 600,000 650,000 1,250,000 Fund Raising and Contribuitions - - - Proceeds From Borrowing - - - Other - 5,000 5,000 Total Revenues 73,894,052 655,000 74,549,052

Expenditures Debt Services 60,164,439 - 60,164,439 Capital Outlay - 67,765,000 67,765,000 Student Scholarships - - - Total Budgeted Expenditures 60,164,439 67,765,000 127,929,439 Net Change in Fund Balance 13,729,613 (67,110,000) (53,380,387) Beginning Fund Balances 67,769,450 67,141,159 134,910,609 Ending Fund Balance $ 81,499,063 $ 31,159 $ 81,530,222

Estimated Funded Pupil Count 31,325.2 31,325.2 Budgeted Expenditure per Funded Pupil $ 1,921 $ 2,163

SummaryPROPOSED Budget Reports 55 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J UNIFORM CONSOLIDATED ADOPTED BUDGET SUMMARY EXPENDITURES BY PROGRAM AND OBJECT FISCAL YEAR ENDING JUNE 30, 2021

Fund # 10 18 19 21 22 23 Student Risk Colorado Designated Activities Management Preschool Nutrition Purpose Grants Special Description Fund Name General Fund Fund Program Fund Services Fund Fund Revenue Fund BEGINNING FUND BALANCE (includes ALL Reserves) Object/Source 131,762,017 6,739,971 625,013 1,367,816 - 5,510,736 REVENUES Local Sources 1000-1999 185,013,092 123,000 9,500 4,687,000 - 6,829,000 Intermediate Sources 2000-2999 73,381 - - - - - State Sources 3000-3999 142,314,122 - - 190,000 2,603,883 - Federal Sources 4000-4999 3,186,087 - - 6,170,000 11,470,192 - TOTAL REVENUES 330,586,682 123,000 9,500 11,047,000 14,074,075 6,829,000 TOTAL BEGINNING FUND BALANCE & REVENUES 462,348,699 6,862,971 634,513 12,414,816 14,074,075 12,339,736 TOTAL ALLOCATIONS (TO)FROM OTHER FUNDS 5600,,5800 (1,887,443) - - - - - TRANSFERS (TO)FROM OTHER FUNDS 5200-5300 (10,547,451) 4,439,370 1,801,423 - - - TRANSFERS TO CHARTER SCHOOLS 0594,5211,5711 (28,449,313) - - - - - 5100,5400, OTHER SOURCES 5500,5900 ------AVAILABLE BEGINNING FUND BALANCE & REVENUES (Plus or Minus (if Revenue) Allocations and Transfers) 421,464,492 11,302,341 2,435,936 12,414,816 14,074,075 12,339,736

EXPENDITURES Instruction - Program 0010 - 2099 Salaries 0100 125,622,785 - - - 3,543,275 582,586 Employee Benefits 0200 46,572,863 - - - 1,370,599 132,808 Purchased Services 0300,0400,0500 4,078,201 - 1,324,676 - 135,147 1,671,497 Supplies and Materials 0600 10,247,027 - 6,000 - 2,696,143 3,458,621 Property 0700 360,414 - 150,000 - - 35,992 Other 0800,0900 245,206 - 27,000 - 16,400 898,368 Total Instruction 187,126,496 - 1,507,676 - 7,761,564 6,779,872 Supporting Services Students - Program 2100 Salaries 0100 15,008,843 - 55,220 - 2,034,226 12,538 Employee Benefits 0200 5,358,833 - 18,405 - 788,156 5,222 Purchased Services 0300,0400,0500 616,365 - - - 45,100 6,452 Supplies and Materials 0600 171,936 - - - 220,491 17,536 Property 0700 ------Other 0800,0900 55,400 - - - 11,000 - Total Students 21,211,377 - 73,625 - 3,098,973 41,748 Instructional Staff - Program 2200 Salaries 0100 9,479,740 - 27,345 - 865,692 - Employee Benefits 0200 2,923,690 - 9,795 - 331,072 - Purchased Services 0300,0400,0500 1,824,518 - 15,100 - 615,790 - Supplies and Materials 0600 1,138,813 - 101,500 - 73,967 - Property 0700 ------Other 0800,0900 351,704 - 750 - 25,000 - Total Instructional Staff 15,718,465 - 154,490 - 1,911,521 - General Administration- Program 2300 Salaries 0100 1,190,903 - - - - - Employee Benefits 0200 752,203 - - - - - Purchased Services 0300,0400,0500 1,269,854 - - - - - Supplies and Materials 0600 236,899 - - - - - Property 0700 ------Other 0800,0900 73,160 - - - - - Total General Administration 3,523,019 - - - - - School Administration- Program 2400 Salaries 0100 17,253,513 - 139,261 - 77,193 - Employee Benefits 0200 5,911,861 - 41,353 - 22,706 - Purchased Services 0300,0400,0500 145,550 - - - - - Supplies and Materials 0600 1,078,866 - - - - - Property 0700 ------Other 0800,0900 31,190 - - - - - Total School Administration 24,420,980 - 180,614 - 99,899 - Business Services- Program 2500 Salaries 0100 2,671,044 - - - - - Employee Benefits 0200 877,788 - - - - - Purchased Services 0300,0400,0500 878,984 - - - - - Supplies and Materials 0600 78,310 - - - - - Property 0700 ------Other 0800,0900 527,490 - - - - - Total Business Services 5,033,616 - - - - - SummaryPROPOSED Budget Reports 56 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J UNIFORM CONSOLIDATED ADOPTED BUDGET SUMMARY EXPENDITURES BY PROGRAM AND OBJECT FISCAL YEAR ENDING JUNE 30, 2021

Fund # 27 29 31 41 43 65

Fair Bond Community Contributions Redemption Capital Reserve Self Insurance Description Fund Name Education Fund Fund Fund Building Fund Fund Fund Total BEGINNING FUND BALANCE (includes ALL Reserves) Object/Source 2,435,232 7,512,821 67,769,450 67,141,159 7,312,608 9,157,775 307,334,598 REVENUES Local Sources 1000-1999 5,192,800 75,000 73,894,052 655,000 110,000 24,245,000 300,833,444 Intermediate Sources 2000-2999 - 1,488,000 - - - - 1,561,381 State Sources 3000-3999 ------145,108,005 Federal Sources 4000-4999 ------20,826,279 TOTAL REVENUES 5,192,800 1,563,000 73,894,052 655,000 110,000 24,245,000 468,329,109 TOTAL BEGINNING FUND BALANCE & REVENUES 7,628,032 9,075,821 141,663,502 67,796,159 7,422,608 33,402,775 775,663,707 TOTAL ALLOCATIONS (TO)FROM OTHER FUNDS 5600,,5800 ------(1,887,443) TRANSFERS (TO)FROM OTHER FUNDS 5200-5300 - - - - 6,194,101 - 1,887,443 TRANSFERS TO CHARTER SCHOOLS 0594,5211,5711 ------(28,449,313) 5100,5400, OTHER SOURCES 5500,5900 ------AVAILABLE BEGINNING FUND BALANCE & REVENUES (Plus or Minus (if Revenue) Allocations and Transfers) 7,628,032 9,075,821 141,663,502 67,796,159 13,616,709 33,402,775 747,214,394

EXPENDITURES Instruction - Program 0010 - 2099 Salaries 0100 67,739 - - - - - 129,816,385 Employee Benefits 0200 9,577 - - - - - 48,085,847 Purchased Services 0300,0400,0500 54,415 - - - - - 7,263,936 Supplies and Materials 0600 21,948 - - - - - 16,429,739 Property 0700 - - - - 209,373 - 755,779 Other 0800,0900 600 - - - - - 1,187,574 Total Instruction 154,279 - - - 209,373 - 203,539,260 Supporting Services Students - Program 2100 Salaries 0100 ------17,110,827 Employee Benefits 0200 ------6,170,616 Purchased Services 0300,0400,0500 ------667,917 Supplies and Materials 0600 ------409,963 Property 0700 ------Other 0800,0900 ------66,400 Total Students ------24,425,723 Instructional Staff - Program 2200 Salaries 0100 ------10,372,777 Employee Benefits 0200 ------3,264,557 Purchased Services 0300,0400,0500 25,500 - - - - - 2,480,908 Supplies and Materials 0600 55,000 - - - - - 1,369,280 Property 0700 ------Other 0800,0900 ------377,454 Total Instructional Staff 80,500 - - - - - 17,864,976 General Administration- Program 2300 Salaries 0100 ------1,190,903 Employee Benefits 0200 ------752,203 Purchased Services 0300,0400,0500 ------1,269,854 Supplies and Materials 0600 ------236,899 Property 0700 ------Other 0800,0900 ------73,160 Total General Administration ------3,523,019 School Administration- Program 2400 Salaries 0100 10,500 - - - - - 17,480,467 Employee Benefits 0200 2,296 - - - - - 5,978,216 Purchased Services 0300,0400,0500 ------145,550 Supplies and Materials 0600 ------1,078,866 Property 0700 ------Other 0800,0900 ------31,190 Total School Administration 12,796 - - - - - 24,714,289 Business Services- Program 2500 Salaries 0100 ------2,671,044 Employee Benefits 0200 ------877,788 Purchased Services 0300,0400,0500 ------878,984 Supplies and Materials 0600 ------78,310 Property 0700 ------Other 0800,0900 ------527,490 Total Business Services ------5,033,616 SummaryPROPOSED Budget Reports 57 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J UNIFORM CONSOLIDATED ADOPTED BUDGET SUMMARY EXPENDITURES BY PROGRAM AND OBJECT FISCAL YEAR ENDING JUNE 30, 2021

Fund # 10 18 19 21 22 23 Student Risk Colorado Designated Activities Management Preschool Nutrition Purpose Grants Special Description Fund Name General Fund Fund Program Fund Services Fund Fund Revenue Fund Operations and Maintenance - Program 2600 Salaries 0100 11,781,370 236,995 - - - - Employee Benefits 0200 4,578,797 77,960 - - - - Purchased Services 0300,0400,0500 4,157,856 370,350 150,000 - 487,348 - Supplies and Materials 0600 6,225,750 155,500 - - - - Property 0700 123,000 - - - - - Other 0800,0900 82,800 14,100 - - - - Total Operations and Maintenance 26,949,573 854,905 150,000 - 487,348 - Student Transportation - Program 2700 Salaries 0100 6,572,023 - - - - - Employee Benefits 0200 2,710,368 - - - - - Purchased Services 0300,0400,0500 497,630 - - - - - Supplies and Materials 0600 1,190,100 - - - - - Property 0700 ------Other 0800,0900 3,000 - - - - - Total Student Transportation 10,973,121 - - - - - Central Support - Program 2800 Salaries 0100 6,818,867 99,459 - - - - Employee Benefits 0200 2,218,450 32,173 - - - - Purchased Services 0300,0400,0500 1,454,452 3,887,600 - - - 36,645 Supplies and Materials 0600 5,460,772 1,594,000 - - - 470,223 Property 0700 ------Other 0800,0900 30,900 80,900 - - - 15,300 Total Central Support 15,983,441 5,694,132 - - - 522,168 Other Support - Program 2900 Salaries 0100 190,000 - - - - - Employee Benefits 0200 933,840 - - - - - Purchased Services 0300,0400,0500 55,000 - - - - - Supplies and Materials 0600 ------Property 0700 ------Other 0800,0900 - - - - 714,770 - Total Other Support 1,178,840 - - - 714,770 - Food Service Operations - 3100 Salaries 0100 - - - 4,112,350 - - Employee Benefits 0200 - - - 1,803,672 - - Purchased Services 0300,0400,0500 - - - 80,873 - - Supplies and Materials - - - 5,166,000 - - Property - - - 45,000 - - Other 45,000 - - 144,127 - - Total Food Service Operations 45,000 - - 11,352,022 - - Enterprise Operations - Program 3200 Salaries 0100 14,000 - - - - 7,008 Employee Benefits 0200 - - - - - 889 Purchased Services 0300,0400,0500 ------Supplies and Materials 0600 5,000 - - - - 20,315 Property 0700 ------Other 0800,0900 8,000 - - - - - Total Enterprise Operations 27,000 - - - - 28,212 Community Services - Program 3300 Salaries 0100 ------Employee Benefits 0200 ------Purchased Services 0300,0400,0500 140,000 - - - - - Supplies and Materials 0600 ------Property 0700 ------Other 0800,0900 ------Total Community Services 140,000 - - - - - Education for Adults- Program 3400 Salaries 0100 ------Employee Benefits 0200 ------Purchased Services 0300,0400,0500 ------Supplies and Materials 0600 ------Property 0700 ------Other 0800,0900 ------Total Education for Adults Services ------Total Supporting Services 125,204,432 6,549,037 558,729 11,352,022 6,312,511 592,128 SummaryPROPOSED Budget Reports 58 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J UNIFORM CONSOLIDATED ADOPTED BUDGET SUMMARY EXPENDITURES BY PROGRAM AND OBJECT FISCAL YEAR ENDING JUNE 30, 2021

Fund # 27 29 31 41 43 65

Fair Bond Community Contributions Redemption Capital Reserve Self Insurance Description Fund Name Education Fund Fund Fund Building Fund Fund Fund Total Operations and Maintenance - Program 2600 Salaries 0100 ------12,018,365 Employee Benefits 0200 ------4,656,757 Purchased Services 0300,0400,0500 - 500,000 - - 3,855,000 - 9,520,554 Supplies and Materials 0600 ------6,381,250 Property 0700 - - - - 1,079,000 - 1,202,000 Other 0800,0900 ------96,900 Total Operations and Maintenance - 500,000 - - 4,934,000 - 33,875,826 Student Transportation - Program 2700 Salaries 0100 ------6,572,023 Employee Benefits 0200 ------2,710,368 Purchased Services 0300,0400,0500 ------497,630 Supplies and Materials 0600 ------1,190,100 Property 0700 - - - - 554,000 - 554,000 Other 0800,0900 ------3,000 Total Student Transportation - - - - 554,000 - 11,527,121 Central Support - Program 2800 Salaries 0100 - - - - - 215,185 7,133,511 Employee Benefits 0200 - - - - - 61,121 2,311,744 Purchased Services 0300,0400,0500 - - - - - 24,338,009 29,716,706 Supplies and Materials 0600 - - - - - 5,400 7,530,395 Property 0700 ------Other 0800,0900 - - - - - 943,000 1,070,100 Total Central Support - - - - - 25,562,715 47,762,456 Other Support - Program 2900 Salaries 0100 ------Employee Benefits 0200 ------Purchased Services 0300,0400,0500 ------Supplies and Materials 0600 ------Property 0700 ------Other 0800,0900 ------Total Other Support ------Food Service Operations - 3100 Salaries 0100 ------Employee Benefits 0200 ------Purchased Services 0300,0400,0500 ------Supplies and Materials ------Property - - - - 100,000 - - Other ------Total Food Service Operations - - - - 100,000 - - Enterprise Operations - Program 3200 Salaries 0100 2,596,399 - - - - - 2,617,407 Employee Benefits 0200 860,690 - - - - - 861,579 Purchased Services 0300,0400,0500 29,012 - - - - - 29,012 Supplies and Materials 0600 153,549 - - - - - 178,864 Property 0700 5,000 - - - - - 5,000 Other 0800,0900 229,349 - - - - - 237,349 Total Enterprise Operations 3,873,999 - - - - - 3,929,211 Community Services - Program 3300 Salaries 0100 775,972 ------Employee Benefits 0200 227,606 ------Purchased Services 0300,0400,0500 219,473 ------Supplies and Materials 0600 240,095 ------Property 0700 20,000 ------Other 0800,0900 36,280 ------Total Community Services 1,519,426 ------Education for Adults- Program 3400 Salaries 0100 ------Employee Benefits 0200 ------Purchased Services 0300,0400,0500 ------Supplies and Materials 0600 ------Property 0700 ------Other 0800,0900 ------Total Education for Adults Services ------Total Supporting Services 5,486,721 500,000 - - 5,588,000 25,562,715 172,656,237 SummaryPROPOSED Budget Reports 59 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J UNIFORM CONSOLIDATED ADOPTED BUDGET SUMMARY EXPENDITURES BY PROGRAM AND OBJECT FISCAL YEAR ENDING JUNE 30, 2021

Fund # 10 18 19 21 22 23 Student Risk Colorado Designated Activities Management Preschool Nutrition Purpose Grants Special Description Fund Name General Fund Fund Program Fund Services Fund Fund Revenue Fund Property - Program 4000 Salaries 0100 ------Employee Benefits 0200 ------Purchased Services 0300,0400,0500 ------Supplies and Materials 0600 ------Property 0700 ------Other 0800,0900 ------Total Property ------Other Uses - Program 5000 - Including Transfers Out and/or Allocations Out as an expenditure Salaries 0100 ------Employee Benefits 0200 ------Purchased Services 0300,0400,0500 ------Supplies and Materials 0600 ------Property 0700 ------Other 0800 4,390,439 - - - - - Total Other Uses 4,390,439 - - - - - TOTAL EXPENDITURES 316,721,367 6,549,037 2,066,405 11,352,022 14,074,075 7,372,000 RESERVES Reserved Fund Balance 0840 94,005,125 4,753,304 369,531 1,062,794 - 4,967,736 Reserve for TABOR 3% - Program 9310 0840 10,738,000 - - - - - TOTAL RESERVES 104,743,125 4,753,304 369,531 1,062,794 - 4,967,736 TOTAL EXPENDITURES & RESERVES 421,464,492 11,302,341 2,435,936 12,414,816 14,074,075 12,339,736 TOTAL AVAILABLE BEGINNING FUND BALANCE & REVENUES LESS TOTAL EXPENDITURES & RESERVES ------

SummaryPROPOSED Budget Reports 60 2020-21 Adopted Budget

ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J UNIFORM CONSOLIDATED ADOPTED BUDGET SUMMARY EXPENDITURES BY PROGRAM AND OBJECT FISCAL YEAR ENDING JUNE 30, 2021

Fund # 27 29 31 41 43 65

Fair Bond Community Contributions Redemption Capital Reserve Self Insurance Description Fund Name Education Fund Fund Fund Building Fund Fund Fund Total Property - Program 4000 Salaries 0100 - - - 580,000 - - 580,000 Employee Benefits 0200 - - - 180,000 - - 180,000 Purchased Services 0300,0400,0500 - - - 12,000,000 100,000 - 12,100,000 Supplies and Materials 0600 ------Property 0700 - 2,000,000 - 55,000,000 2,350,000 - 59,350,000 Other 0800,0900 - - - 5,000 - - 5,000 Total Property - 2,000,000 - 67,765,000 2,450,000 - 72,215,000 Other Uses - Program 5000 - Including Transfers Out and/or Allocations Out as an expenditure Salaries 0100 ------Employee Benefits 0200 ------Purchased Services 0300,0400,0500 - - 20,000 - - - 20,000 Supplies and Materials 0600 ------Property 0700 ------Other 0800 - - 60,144,439 - - - 64,534,878 Total Other Uses - - 60,164,439 - - - 64,554,878 TOTAL EXPENDITURES 5,641,000 2,500,000 60,164,439 67,765,000 8,247,373 25,562,715 512,965,375 RESERVES Reserved Fund Balance 0840 1,987,032 6,575,821 81,499,063 31,159 5,369,336 7,840,060 208,460,961 Reserve for TABOR 3% - Program 9310 0840 ------10,738,000 TOTAL RESERVES 1,987,032 6,575,821 81,499,063 31,159 5,369,336 7,840,060 219,198,961 TOTAL EXPENDITURES & RESERVES 7,628,032 9,075,821 141,663,502 67,796,159 13,616,709 33,402,775 732,164,336 TOTAL AVAILABLE BEGINNING FUND BALANCE & REVENUES LESS TOTAL EXPENDITURES & RESERVES ------

SummaryPROPOSED Budget Reports 61 PROPOSED 6.4 MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Finance and Audit Committee Update Strategic Priority – Strong District Finances, Outstanding Communication and Collaboration with Community and Corporate Partners

PURPOSE

To provide the Board of Education with a report from the Finance and Audit Committee.

BACKGROUND

The primary function of the Finance and Audit Committee is to assist the Board in fulfilling its financial oversight responsibilities to the public (parents and taxpayers). This Committee reviews financial information provided by the District, reviews the District’s financial systems and associated internal controls, reviews the projected and amended budget, and reviews the District’s auditing, accounting, and financial reporting processes. Greg Fieth will be present at the meeting to answer questions related to the following:

Overview of Work Accomplished – 2019-2020 School Year The purpose of this committee is to assist the Board in providing independent oversight in relation to: ❖ Financial reporting process ❖ Internal control systems ❖ Budget ❖ Annual audit ❖ Charter school financial data ❖ Oversight of Internal Auditor ❖ Investment Goals and Strategies

Internal Auditor Conduct on-site desk reviews for compliance with financial policies, processes, and procedures with staff members who handle money. ❖ Phase 1 consists of an online training module that concludes in an assessment. This assessment must be completed by November 1st. Phase 2 is an unannounced desk review to test the cash handling process against the procedures. Recommendations on process changes, if any, are noted. ❖ Complete other investigations as required, including: - Review frequency of deposits to ensure timely deposit of collected funds. - Review purchasing card transactions for compliance with the District’s Pcard guidelines, including intentionally manipulating or splitting transactions to avoid hitting single purchase limits and/or other purchasing requirements. - Budget Performance Report - Fund 23 accounts - Out of pocket transactions ❖ Other process improvements as needed

Parent Organization Interface Maintain a database of the parent organizations’ board of directors which includes contact information. ❖ According to District Board Policy KBE-R, external assessments by an experienced accounting professional are to be completed at least once every three years. There are 22 out of 36 parent organizations who have had the external assessment completed and are in compliance with the requirement. The other PTOs have been contacted and requested that this assessment be completed. ❖ Annual workshop (October 2019) – Anton Dworak, Attorney for Lyons Gaddis, presented at the annual workshop for the last thirteen years. This was Anton’s final year as the presenter and he will pass the torch to his co-worker John Chmil. It was requested that the District host the annual workshop earlier in the year. That option is under consideration. ❖ Ensuring all Option 2 parent organizations have required insurance policies and certificates on file. ❖ The self-assessment checklists for Option 2 organizations are required to be completed by September 30th of each year. A proposed change is to have this self-assessment checklist completed in May of each year as PTOs generally elect new officers in the spring. Requiring the self-assessment be completed will help the new board be assured all federal, state and District requirements have been completed.

Continuing Education To gain a better understanding of processes that affect the financial statements, the Finance and Audit Committee requested presentations by key stakeholders of the following programs/processes: ❖ Project Launch Update ❖ APEX Facility and Program Review ❖ Data Pipeline and Charter Schools ❖ Update from Superintendent ❖ Open Enrollment ❖ Assessment Update ❖ Budgeting ❖ Monthly Financial Reporting

Engagement and Interaction with Outside Auditors ❖ First year with new auditing firm CliftonLarsonAllen (CLA). ❖ The Comprehensive Annual Financial Report (CAFR) was presented to and accepted by the District's Board of Education on November 13, 2019. A preliminary version had been shared and reviewed with the Board of Education at a working session prior to the Board Meeting on October 23, 2019. ❖ CLA provided an unmodified opinion on the District’s financial statements for the year ended June 30, 2019, ❖ This was another year with a very good audit overall while on-boarding a new audit firm which increases the workload of the staff to educate the new audit team as they are coming up the learning curve on how the District operates and learns the controls in place.

CAFR ❖ Clean opinion from CliftonLarsonAllen. ❖ Financial Statements present fairly, in all material aspects. ❖ Certificate of Excellence in Financial Reporting by Association of School Business Officials (ASBO) - the District’s FY19 CAFR qualified for the 16th consecutive year. ❖ The District submitted its FY19 CAFR to the Government Finance Officers Association (GFOA) for the Certificate of Achievement for Excellence in Financial Reporting and is still awaiting notification. If awarded, this would also be the 16th consecutive year.

Single Audit ❖ One major (cluster) program was tested in FY19: The Special Education Cluster – IDEA Part B and Preschool. No findings, no material weaknesses, and no significant deficiencies were found.

Budget ❖ The FY20 Amended Budget was presented to the Committee on January 15, 2020 and adopted by the Board of Education on January 22, 2020. ❖ The FAC reviewed the Proposed FY21 Budget on May 18, 2020. The Board of Education will review the Proposed FY21 Budget on May 27, 2020.

Other Key Focus Items ❖ Handling of COVID-19 Pandemic ❖ Urban Renewal Agreements ❖ Mill Levy Update ❖ Long Term Debt

6.5

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: COVID-19 Update Strategic Priority – Student and Staff Well-Being

PURPOSEU

For the Board of Education to be given an update on the COVID-19 pandemic as it affects the students and staff of the District.

BACKGROUNDU

Dr. Haddad will update the Board of Education at each Regular Board Meeting on how the COVID-19 pandemic is affecting the District.

7.1

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Approval of Contract Award for New Playground Equipment at Eagle Crest Elementary School Strategic Priority – Student and Staff Well-Being, Portfolio of 21st-Century Instructional Focus Schools and Robust Co-Curricular Opportunities

RECOMMENDATION

That the Board of Education approve the execution of a formal agreement with Miracle Recreation Equipment Company for an initial contract award of $140,000 for the new playground equipment project at Eagle Crest Elementary School. Further, to authorize Brian Lamer, Assistant Superintendent of Operations, to sign contract documents and initiate scope changes up to the approved amounts in accordance with Board of Education policy.

BACKGROUND

This project will replace the current playground structure at Eagle Crest Elementary and includes security fencing and engineered wood fiber for the surface.

Miracle Recreation Equipment Company was selected for this project to meet existing District standards. Also, Miracle has a cooperative agreement through Sourcewell, which allows competitive pricing for this project.

The budget for this project has been established at $140,000, and is available from 2019- 20 Capital funds. This item is being brought forth to comply with Board policy FEG stating any items over $100,000 must have Board approval.

7.2

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Approval of Amendment to the Design–Build Contract for the Field Lighting Project at Niwot High School Strategic Priority – Portfolio of 21st-Century Instructional Focus Schools and Robust Co-Curricular Opportunities

RECOMMENDATION

That the Board of Education approve the Amendment to the Design-Build Contract with Musco Sports Lighting, LLC, for the Niwot High School Field Lighting Project for a construction budget of $675,000 and an initial contract award of $632,500. Further, to authorize Brian Lamer, Assistant Superintendent of Operations, to sign contract documents and initiate scope changes up to the approved amounts in accordance with Board of Education policy.

BACKGROUND

This project includes all work associated with design, engineering, and construction of lighting for the football field and track at Niwot High School.

Musco Sports Lighting, LLC, was selected as the most qualified for this project to provide turnkey lighting services for athletic lighting based on the Cooperative Contract for Lighting Services, Sourcewell Contract number 071619-MSL.

The budget for this project has been established at $675,000, as part of Capital Reserve funds. This item is being brought forth to comply with Board policy FEG stating any items over $100,000 must have Board approval.

7.3

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Approval of Amendment to the Design-Build Contract for the Field Lighting Project at Silver Creek High School Strategic Priority – Portfolio of 21st-Century Instructional Focus Schools and Robust Co-Curricular Opportunities

RECOMMENDATION

That the Board of Education approve the Amendment to the Design – Build agreement with Musco Sports Lighting, LLC, for the Silver Creek High School Field Lighting Project for a construction budget of $675,000 and an initial contract award of $605,000. Further, to authorize Brian Lamer, Assistant Superintendent of Operations, to sign contract documents and initiate scope changes up to the approved amounts in accordance with Board of Education policy.

BACKGROUND

This project includes all work associated with design, engineering, and construction of lighting for the football field and track at Silver Creek High School.

7.4

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Approval of Amendment to the Design-Build Contract for the Field Lighting Project at Skyline High School Strategic Priority – Portfolio of 21st-Century Instructional Focus Schools and Robust Co-Curricular Opportunities

RECOMMENDATION

That the Board of Education approve the Amendment to the Design – Build agreement with Musco Sports Lighting, LLC, for the Skyline High School Field Lighting Project for a construction budget of $675,000 and an initial contract award of $618,750. Further, to authorize Brian Lamer, Assistant Superintendent of Operations, to sign contract documents and initiate scope changes up to the approved amounts in accordance with Board of Education policy.

BACKGROUND

This project includes all work associated with design, engineering, and construction of lighting for the football field and track at Skyline High School.

7.5

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Approval of Change Order 1 to Construction Manager/General Contractor (CMGC) Contract for Erie Middle School Bond Project Strategic Priority – Student and Staff Well-Being, Portfolio of 21st-Century Instructional Focus Schools and Robust Co-Curricular Opportunities

RECOMMENDATION

That the Board of Education approve Change Order 1 for $50,000 to the Construction Manager/General Contractor (CMGC) contract with FCI Constructors, Inc., for the Erie Middle School Bond project for a $215,566 total contract value. Further, that the Board authorize Brian Lamer, Assistant Superintendent of Operations, to sign contract documents and initiate scope changes in accordance with Board of Education policy.

BACKGROUND

This Change Order includes improvements to the exterior concrete hardscapes and walkways.

The budget for the project has been established at $218,680 as part of the 2016 Bond program. This item is being brought forth to comply with Board policy FEH stating any items over $99,999 must have Board approval.

Original Agreement Amount $ 165,566 Previous change orders $ 0 Current change order $ 50,000 Total changes (previous + current) $ 50,000 New contract amount $ 215,566

7.6

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: First Reading, Adoption, Board Regulation – AC-R – Reporting Discrimination/District Response to Discrimination Complaints and Board Exhibit AC-E-1 – Nondiscrimination/Equal Opportunity (Sample Notice) Strategic Priority – Student and Staff Well-Being

RECOMMENDATION

For the Board of Education to adopt minor revisions to Board Regulation – AC-R – Reporting Discrimination/District Response to Discrimination Complaints and Board Exhibit AC-E-1 – Nondiscrimination/Equal Opportunity (Sample Notice).

BACKGROUND

These Board policies have minor revisions to reflect a change in the name of the Assistant Superintendent of Human Resources.

Board Policy BG – School Board Policy Process states, “Approval of all regulations and exhibits shall require only a single reading and vote of the Board.” File: AC-R

Reporting Discrimination/District Response to Discrimination Complaints

The District shall take appropriate action to promptly and impartially investigate allegations of unlawful discrimination, which includes harassment; shall promptly take effective action to stop unlawful discrimination/harassment when it is discovered and take steps to prevent a reoccurrence; shall impose appropriate sanctions on offenders in a case-by-case manner; shall take steps to protect anyone participating in good faith in an unlawful discrimination/harassment report, complaint or investigation from retaliation; and shall protect the privacy of all those involved in unlawful discrimination/harassment reports and complaints as required by law. Reports and complaints that appear to involve criminal law violations shall also be referred to law enforcement authorities.

Reports and complaints of unlawful discrimination/harassment, except discrimination/ harassment based on disability, shall be handled in accordance with the procedures set forth in this regulation and may be submitted orally or in writing. Reports and complaints of unlawful discrimination/harassment based on disability may be made orally or in writing in accordance with the procedures specified in Board policy ACE.

Definitions

1. As used in this regulation, “Compliance Officer” means the employee designated by the superintendent to receive and coordinate the handling of reports and complaints of alleged unlawful discrimination/harassment. a. The Compliance Officer for handling reports and complaints of unlawful discrimination/harassment against students and community members is Johnny Terrell, Executive Director of Student Services, 830 South Lincoln Street, Longmont, Colorado 80501, (303) 772-7700 x 57859, [email protected]. b. The Compliance Officer for handling reports and complaints of unlawful discrimination/ harassment against employees is Damon BrownTodd Fukai, Assistant Superintendent of Human Resources, 395 South Pratt Parkway, Longmont, Colorado 80501, (303) 776-6200, [email protected]. 2. As used in this regulation, “aggrieved individual” means a student, the parents or guardians of a student, a community member or an employee who is directly affected by and/or is witness to an alleged violation of a District policy prohibiting unlawful discrimination/ harassment. Initial processing of reports and complaints

Aggrieved individuals are encouraged to promptly report incidences of discrimination/ harassment as provided in this regulation and other applicable District policies. All reports received by teachers, counselors, principals and other District employees shall be promptly forwarded to the appropriate Compliance Officer as specified above. Aggrieved individuals may also file a complaint directly with the appropriate Compliance Officer. If the specified Compliance Officer is the individual alleged to have engaged in the prohibited conduct, the report shall be forwarded to the other Compliance Officer. The responsible Compliance Officer or Compliance Officer’s designee shall document the report and follow up as necessary to ensure that to the extent possible the documentation includes a detailed description of the alleged events, the dates the alleged events occurred and names of the

1 of 4 File: AC-R parties involved, including any witnesses.

A complaint should be submitted in writing on form AC-E-2 unless the person filing the complaint has a disability that prevents the grievant from submitting a complaint in writing. If the complaint is submitted orally, the Compliance Officer or the Compliance Officer’s designee (such as building administrator or area superintendent) will document the complaint in writing and give the aggrieved individual an opportunity to review and ask for any corrections to the documentation of the complaint. All complaints shall to the extent possible include a detailed description of the alleged events, the dates the alleged events occurred and names of the parties involved, including any witnesses.

Aggrieved individuals will be permitted to present witnesses and other evidence in support of their complaint.

Reports and complaints shall not be accepted for investigation more than ninety (90) calendar days after the last date on which the alleged harassment or discrimination occurred, except that extensions may be granted upon a showing that the aggrieved individual was prevented from timely filing as a result of circumstances beyond his/her control.

Upon receiving the report or complaint, the Compliance Officer or Compliance Officer’s designee shall confer with the aggrieved individual and/or the alleged victim of the unlawful discrimination/ harassment as soon as is reasonably possible to obtain a clear understanding of the basis of the report/complaint.

Following the initial meeting with the aggrieved individual and/or alleged victim, the Compliance Officer or Compliance Officer’s designee shall attempt to meet with the individual alleged to have engaged in the prohibited conduct and, if that individual is a student, with his or her parents/ guardian, in order to obtain a response to the report or complaint. Such person(s) shall be informed of all allegations that, in the Compliance Officer’s or Compliance Officer designee’s judgment, are necessary to achieve a full and accurate disclosure of material information or to otherwise resolve the report/complaint.

At the initial meetings, the Compliance Officer or Compliance Officer’s designee shall explain the avenues for informal and formal action, provide a description of the process, and explain that both the victim and the individual alleged to have engaged in prohibited conduct have the right to exit the informal process and request a formal resolution of the matter at any time. The Compliance Officer or Compliance Officer’s designee shall also explain that whether or not the aggrieved individual files a written complaint or otherwise requests action, the District is required by law to take steps to correct the unlawful discrimination/harassment and to prevent recurring unlawful discrimination, harassment, or retaliation against anyone who makes a report or participates in an investigation. The Compliance Officer or Compliance Officer’s designee shall also explain that any request for confidentiality shall be honored so long as doing so does not preclude the District from responding effectively to prohibited conduct and preventing future prohibited conduct.

Informal action

If the aggrieved individual and/or the individual alleged to have engaged in the prohibited conduct requests that the matter be resolved in an informal manner and/or the Compliance Officer or Compliance Officer’s designee believes that the matter is suitable to such resolution, the Compliance Officer or Compliance Officer’s designee may attempt to resolve the matter informally through mediation, counseling or other non-disciplinary means. If both parties feel a resolution has been achieved through the informal process, then no further compliance action need be taken. No party shall be compelled to resolve a report or

2 of 4 File: AC-R complaint of unlawful discrimination/harassment informally and either party may request an end to the informal process at any time.

Informal resolution shall not be used to process reports or complaints against a District employee and shall not be used between students where the underlying offense involves sexual assault or another act of violence.

Formal action

If informal resolution is inappropriate, unavailable or unsuccessful, the Compliance Officer or Compliance Officer’s designee shall promptly and impartially investigate the allegations to determine whether and/or to what extent unlawful discrimination/harassment has occurred.

The Compliance Officer or Compliance Officer’s designee shall prepare written findings and recommendations, as appropriate, and submit them to the superintendent within thirty (30) school days following the Compliance Officer's receipt of the report or complaint, or within thirty (30) school days following the termination of the informal resolution process. The Compliance Officer's or Compliance Officer designee’s recommendations shall be advisory and shall not bind the superintendent or the district to any particular course of action or remedial measure. Within twenty (20) school days after receiving the Compliance Officer's or Compliance Officer designee’s findings and recommendations, the superintendent or superintendent’s designee shall determine whether any sanctions or other action, including disciplinary action, is appropriate and should be imposed. Also, within twenty (20) school days after receiving the Compliance Officer's or Compliance Officer designee’s findings and recommendations, and to the extent permitted by law, all parties, including the parents/guardians of all students involved, shall be notified in writing of the investigation findings and the superintendent’s or superintendent designee’s determination regarding sanctions and/or other action taken to address the matter.

Appeals/Outside agencies

If the aggrieved individual is not satisfied with the written findings or determination of the superintendent or superintendent’s designee, he/she may pursue any remedy or litigation authorized by law.

Complaints regarding violations of Title VI, (race, national origin), Title IX (sex/gender) and Section 504/ADA (disability) may be filed directly with the Office for Civil Rights, U.S. Department of Education, 1244 North Speer Blvd., Suite 310, Denver, CO 80204. Complaints regarding violations of Title VII (employment) and the ADEA (prohibiting age discrimination in employment) may be filed directly with the Federal Office of Equal Employment Opportunity Commission, 303 E. 17th Ave., Suite 510, Denver, CO 80202, or the Colorado Civil Rights Commission, 1560 Broadway, Suite 1050, Denver, CO 80202.

Adopted: May 28, 2008 Revised: October 28, 2015 Revised: October 24, 2018

St. Vrain Valley School District RE-1J, Longmont, Colorado

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Nondiscrimination/Equal Opportunity (Sample Notice)

In compliance with Titles VI & VII of the Civil Rights Act of 1964, Title IX of the Education Amendments of 1972, Section 504 of the Rehabilitation Act of 1973, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act, the Genetic Information Non-discrimination Act of 2008, and Colorado law, the St. Vrain Valley School District RE-1J does not unlawfully discriminate on the basis of race, color, sex, religion, national origin, ancestry, creed, age, marital status, sexual orientation (which includes transgender), genetic information, conditions related to pregnancy or childbirth, disability or need for special education services in admissions, access to, treatment, or employment in educational programs or activities which it operates.

Complaint procedures have been established for students, parents, employees and members of the public. The following person has been identified as the compliance officer for the district:

Damon BrownTodd Fukai, Assistant Superintendent of Human Resources Educational Services Center 395 S. Pratt Parkway Longmont, CO 80501 Telephone: (303) 776-6200 [email protected]

Outside agencies

Complaints regarding violations of Title VI, (race, national origin), Title IX (sex/gender), Section 504/ADA (handicap or disability), may be filed directly with the Office for Civil Rights, U.S. Department of Education, 1244 North Speer Blvd., Suite 310, Denver, CO 80204. Complaints regarding violations of Title VII (employment) and the ADEA (prohibiting age discrimination in employment) may be filed directly with the Federal Office of Equal Employment Opportunity Commission, 303 E. 17th Ave., Suite 510, Denver, CO 80202, or the Colorado Civil Rights Commission, 1560 Broadway, Suite 1050, Denver, CO 80202.

Issued: May 28, 2008 Revised: October 28, 2015 Revised: December 14, 2016 Revised: April 25, 2018

St. Vrain Valley School District RE-1J, Longmont, Colorado

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MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: First Reading, Adoption, Board Policies JKD/JKE – Suspension/Expulsion of Students (and Other Disciplinary Interventions); JKD/JKE-R – Suspension/Expulsion of Students (Hearing Procedures); JKD/JKE-E – Grounds for Suspension/Expulsion Strategic Priority – Districtwide Safety and Security

RECOMMENDATION

For the Board of Education to adopt revisions to Board Policies JKD/JKE – Suspension/ Expulsion of Students (and Other Disciplinary Interventions); JKD/JKE-R – Suspension/ Expulsion of Students (Hearing Procedures); JKD/JKE-E – Grounds for Suspension/ Expulsion.

BACKGROUND

These Board policies have revisions that reflect changes in law recommended by the Colorado Association of School Boards, administration, and District legal counsel.

Board Policy BG – School Board Policy Process states, “Policy revision shall be accomplished in the same manner as policy adoption, except that revisions mandated by changes in law shall not require a second reading and may be adopted upon majority vote of the Board.” File: JKD/JKE

Suspension/Expulsion of Students (and Other Disciplinary Interventions)

The Board of Education shall provide due process of law to students through written procedures consistent with law for the suspension or expulsion of students and the denial of admission. (See JKD/JKE-R.) In matters involving student misconduct that may or will result in the student’s suspension and/or expulsion, the student’s parent/guardian shall be notified and involved to the greatest possible extent in the disciplinary procedures.

Proportionate disciplinary interventions and consequences shall be imposed to address the student’s misconduct and maintain a safe and supportive learning environment for students and staff.

The Board and its designee(s) shall consider the following factors in determining whether to suspend or expel a student:

1. the student’s age; 2. the student’s disciplinary history; 3. the student’s eligibility as a student with a disability; 4. the seriousness of the violation committed by the student; 5. the threat posed to any student or staff; and 6. the likelihood that a lesser intervention would properly address the violation.

For a student in preschool, kindergarten, first grade, or second grade, the Board and its designee(s) shall also determine that failure to remove the student from the school building through suspension and/or expulsion would create a safety threat that otherwise cannot be addressed, and shall document any alternative behavioral and disciplinary interventions that it employs before suspending or expelling the student, if any such interventions are utilized.

Other disciplinary interventions

In lieu of an out-of-school suspension or expulsion and in accordance with applicable law, the principal or designee may consider the use of available interventions to address the student’s misconduct. The use of such interventions will vary, depending upon the facts and circumstances of an individual case. Such interventions shall be at the principal’s or designee’s sole discretion.

As another intervention and alternative to suspension, the principal or designee may permit the student to remain in school with the consent of the student’s teachers if the parent/guardian attends class with the student for a period of time specified by the principal or designee. If the parent/guardian does not agree or fails to attend class with the student, the student shall be suspended in accordance with the accompanying regulations.

This alternative to suspension shall not be used if expulsion proceedings have been or are about to be initiated or if the principal or designee determines that the student's presence in school, even if accompanied by a parent/guardian, would be disruptive to the operations of the school or be detrimental to the learning environment.

Nothing in this policy shall limit the Board’s and its designees’ authority to suspend and/or expel a student as deemed appropriate by the Board and its designees. The decision to suspend and/or expel a student instead of providing an alternative to suspension or expulsion or the failure of an intervention to remediate the student’s behavior shall not be

1 of 4 File: JKD/JKE grounds to prevent the Board and its designees from proceeding with appropriate disciplinary measures, including but not limited to suspension and/or expulsion.

Delegation of authority

1. Students in third grade and higher grade levels: The Board of Education delegates to each principal of the school district or to a person designated in writing by the principal the power to suspend a student in third grade and higher grade levels in his/her school for not more than five school days on the grounds stated in C.R.S. 22-33-106 (1)(a), (1)(b), (1)(c) or (1)(e) or not more than ten10 school days on the grounds stated in C.R.S. 22-33-106 (1)(d) unless expulsion is mandatory under law (see exhibit coded JKD/JKE-E).

Students in preschool through second grade: The Board of Education delegates to the principals of the school district or to a person designated in writing by the principal the power to suspend a student in preschool, kindergarten, first grade, or second grade in that school for not more than three school days on the grounds stated in C.R.S. 22-33-106.1 (2), unless the principal or designee determines that a longer period of suspension is necessary to resolve the safety threat or expulsion is mandatory under law (see JKD/JKE-E).

2. The Board of Education delegates to the superintendent of schools the authority to suspend a student, in accordance with C.R.S. 22-33-105 and 22-33-106.1 (3), for an additional 10 school days plus up to and including an additional 10 days necessary in order to present the matter to the Board, but. Tthe total period of suspension shall not exceed 25 school days.

3. Unless otherwise determined by the Board, the Board of Education delegates to the superintendent of schools or to a designee who shall serve as a hearing officer the authority to deny admission to or expel for any period not extending beyond one year any student whom the superintendent, in accordance with the limitations imposed by Title 22, Article 33, of the Colorado Revised Statutes, shall determine does not qualify for admission to or continued attendance at the public schools of the district. If the hearing is conducted by a designee serving as a hearing officer, the hearing officer shall prepare findings of fact and recommendations for the superintendent at the conclusion of the hearing. The superintendent shall render a written opinion in the expulsion matter within five days after the hearing whether the hearing is conducted by the hearing officer or the superintendent.

Denial of admission or expulsion by the superintendent shall be subject to appeal to the Board. The appeal shall consist of a review of the facts that were presented, arguments relating to the decision and questions of clarification from the Board.

Each semester, the superintendent will provide a written summary of expulsion information to the Board.

Expulsion for unlawful sexual behavior or crime of violence

When a petition is filed in juvenile court or district court that alleges a student between the ages of 12 to 18 years has committed an offense that would constitute unlawful sexual behavior or a crime of violence if committed by an adult, basic identification information, as defined in state law, along with the details of the alleged delinquent act or offense, is required by law to be provided immediately to the school district in which the juvenile is enrolled.

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The information shall be used by the Board of Education to determine whether the student has exhibited behavior that is detrimental to the safety, welfare, and morals of the other students or school personnel and whether educating the student in the school may disrupt the learning environment in the school, provide a negative example for other students, or create a dangerous and unsafe environment for students, teachers, and other school personnel. The Board shall take appropriate disciplinary action, which may include suspension or expulsion, in accordance with the student code of conduct and related policies.

The Board may determine to wait until the conclusion of court proceedings to consider expulsion, in which case it shall be the responsibility of the district to provide an alternative educational program for the student as specified in state law.

Restrictions imposed on suspended/expelled students

1. Suspension

During a period of suspension, a student shall not attend any classes or participate in any school or district activities or extracurricular activities or functions and shall not be present on any school grounds or on any school property within the district without the express advance consent of the suspending principal. A violation of this policy may result in criminal charges of trespass.

A suspended student shall be required to make up all missed course work.

Upon termination of the suspension, the student shall return to school and shall be eligible to participate in school activities and functions.

2. Expulsion

During a period of expulsion, a student shall not attend any classes or attend or participate in any school or district activities or extracurricular activities or functions on or off district property. An expelled student shall not be present on any school grounds, which includes busses, within the district without the express advanced consent of the superintendent. A violation of this policy may result in criminal charges of trespass.

Educational programs may be made available to expelled students with the approval of the superintendent/designee.* An expelled student shall remain subject to the requirements of the school attendance law and, if the student is of compulsory attendance age, the student’s parents/guardians shall remain responsible for the expelled student’s education either through a home school program, private school or other approved means.

Adopted: February 28, 1968 Revised: September 21, 1977 Revised: August 26, 1992 Revised: September 29, 1993 Revised: November 17, 1993 Revised: June 8, 1994 Revised: September 27, 1995 Revised: September 25, 1996 Revised: October 22, 1997

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Revised: September 9, 1998 Revised: February 9, 2005 Revised: June 8, 2005 Revised: January 9, 2013 Revised: June 24, 2015

*Educational services will be provided to the extent they are funded by the state legislature, the department of education, grants or by existing agreements with community agencies.

LEGAL REFS.: C.R.S. 16-22-102 (9) (unlawful sexual behavior) C.R.S. 18-1.3-406 (crime of violence) C.R.S. 22-32-109.1 (2)(a) (adoption and enforcement of discipline code) C.R.S. 22-32-109.1 (2)(a)(I)(E) (policy required as part of conduct and discipline code) C.R.S. 22-32-109.1 (3) (agreements with state agencies) C.R.S. 22-32-144 (restorative justice practices) C.R.S. 22-33-105 (suspension, expulsion and denial of admission) C.R.S. 22-33-106 (grounds for suspension, expulsion and denial of admission) C.R.S. 22-33-106.1 (suspension and expulsion for students in preschool through second grade) C.R.S. 22-33-106.3 (use of student’s written statements in expulsion hearings) C.R.S. 22-33-106.5 (information concerning offenses committed by students) C.R.S. 22-33-107 (compulsory attendance law) C.R.S. 22-33-107.5 (notice of failure to attend) C.R.S. 22-33-108 (juvenile judicial proceedings)

CROSS REFS.: ECAC, Vandalism GBGB, Staff Personal Security and Safety JEA, Compulsory Attendance Ages JF, Admissions and Denial of Admissions JIC, Student Conduct JK*-2, Discipline of Students with Disabilities JKF*, Educational Alternatives for Expelled Students JKG*, Expulsion Prevention

St. Vrain Valley School District RE-1J, Longmont, Colorado

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Suspension/Expulsion of Students (Hearing Procedures)

A. Procedure for suspension of 10 days or less

Through written policy, the Board of Education has delegated to any school principal or to a person designated in writing by the principal, the power to suspend a student for not more than three, five, or 10 school days, depending upon the grade of the student and type of infraction. Pursuant to policy JKD/JKE, the superintendent has been delegated the power to suspend a student for additional periods of time. However, the total period of suspension shallwill not exceed 25 school days. As a general rule, a suspension will be three school days or less for students in preschool through second grade, and five or ten10 school days or less for students in third grade and higher grade levels.

The following procedures shall be followed in any suspension, unless the student is suspended pending an expulsion proceeding, in which case the expulsion procedures shall apply.

When the term "parent/guardian" is used, it refers to the parent/guardian of students under 18 years of age; if the student is 18 years or older, it refers to the student. All references to parent/guardian are intended to also include legal custodian.

1. Notice. The principal, designee or the superintendent at the time of contemplated action will give the student and parent/guardian notice of the contemplated action. Such notice may be oral or in writing. If oral, such notice will be followed by written notice. If written, delivery will be deemed to be completed at such time as the notice is deposited in the United States mail addressed to the last known address of the student or student’s parent/guardian.

2. Contents of notice. The notice will contain the following basic information:

a. A statement of the charges against the student.

b. A statement of what the student is accused of doing.

c. A statement of the basis of the allegation. Specific names may be with- held if necessary.

This information need not be sent out formally but should sufficiently inform the student and parent/guardian of the basis for the contemplated action.

3. Informal hearing. In an informal setting, Tthe student will be given an opportunity to admit or deny the accusation and to give his or her version of the events. The principal or designee may go further in allowing the student to present witnesses or may themselves call the accuser and hold a more extensive hearing in order to gather relevant information and make a proper decision on the contemplated action.

4. Timing. The notice and informal hearing should precede removal of the student from school. There need be no delay between the time notice is given and the time of the hearing.

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5.4. Emergency suspension. (If the student’s presence in school presents a danger.) Notice and an informal hearing need not be given prior to removal from school where a student's presence poses a continuing danger to persons or property or an ongoing threat of disrupting the academic process., In this case, the student’s removalbut notice and an informal hearing should follow as soon thereafter as practicablel.

56. Decision. If following the informal hearing the disciplinary action contemplated involves suspension, the principal or designee will base the decision as to whether to suspend primarily on the informal hearing.

If a principal or designee determines that suspension is warranted, he or she may suspend the student for a period not to exceed five school days. However, if the suspension is for serious violations, the period of suspension may be up to and including 10 school days. The duration of the suspension will be subject to the policies and regulations of the Board.

67. Notification following suspension. If a student is suspended, the principal or designee delegated the authority to suspend will immediately notify the parent/guardian that the student has been suspended, the grounds for such suspension and the period of such suspension. The notification will include the time and place for the parent/guardian to meet with the principal or designee to review the suspension.

78. Removal from school grounds. A suspended student must leave the school building and the school grounds immediately following a determination by the parent/guardian and the principal or designee of the best way to transfer custody of the student to the parent/guardian.

9. Re-admittance. No student will be readmitted to school until the meeting with the parent/guardian has taken place or until, in the opinion of the principal or designee, the parent/guardian has substantially agreed to review the suspension with the principal or designee. However, if the principal or designee cannot contact the parent/guardian or if the parent/guardian repeatedly fails to appear for scheduled meetings, the principal or designee may readmit the student. The meeting shallwill address whether there is a need to develop a remedial discipline plan for the student in an effort to prevent further disciplinary action.

910. Make-up work. Suspended students shallwill be provided an opportunity to make up school work during the period of suspension, so the student is able to reintegrate into the educational program of the district following the period of suspension. Students will receive full or partial academic credit to the extent possible for makeup work which is completed satisfactorily. In determining whether to provide full or partial credit, pursuant to state law, the goal is to reintegrate the student back into the classroom and help prevent the student from dropping out.

110. Procedure in lieu of suspension. In lieu of suspension, a student may remain in school with the consent of the student’s teachers if the student’s parent/guardian agrees to attend all classes with the student for a period of time specified by the principal or designee. If the parent/guardian does not agree or fails to attend classes with the student, the student will be

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suspended. The principal or designee may determine that the student’s presence in school, even with the student’s parent/guardian, poses a threat or potential for disruption. In this case, the option for the student to attend with a parent/guardian may not be permitted.

B. Procedure for extension of suspensions

1. The superintendent at his or her discretion may extend a suspension imposed by a principal or designee for a period not to exceed 10 school days. Such extension may be accomplished without further conference or prior notice. The student and the student’s parent/guardian will be given written notice of the extension.

2. Following an initial extension of a suspension, the superintendent may extend the suspension for an additional 10 school days if necessary in order to present the matter at the next meeting of the Board. If it is determined that an additional suspension is warranted, the parent/guardian will be notified as soon as practical. The total period of suspension shall not exceed 25 school days.

3. No student will be readmitted to school until a meeting or conference with the superintendent has taken place and the circumstances of the suspension reviewed.

C. Procedure for expulsion or denial of admission

In the event that the superintendent contemplates action denying admission to any student or prospective student or expelling any student, the following procedures shall be followed (If mandatory expulsion proceedings are pending and the student(s) involved chooses to withdraw from school prior to the expulsion hearing, the district will proceed with the expulsion process.)

1. Notice. Prior to the date of the contemplated action, the superintendent will cause written notice of such proposed action to be delivered to the student and the student’s parent/guardian. Such delivery may be in person or by United States mail and will be deemed to be completed when the notice is deposited in the United States mail addressed to the last known address of the student or the student’s parent/guardian.

2. Emergency notice. In the event it is determined that an emergency exists necessitating a shorter period of notice, the period of notice may be shortened provided that the student or the student’s parent/guardian have actual notice of the hearing prior to the time it is held.

3. Contents of notice. The notice will contain the following basic information:

a. A statement of the alleged reasons for the contemplated denial of admission or expulsion.

b. A statement that a hearing on the question of expulsion or denial of admission will be held if requested by the student or the student’s parent/guardian.

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c. A statement of the date, time and place of the hearing in the event one is requested.

d. A statement that the student may be present at the hearing and hear all information against the student, that the student will have an opportunity to present such information as is relevant and that the student may be accompanied and represented by a parent/guardian and an attorney.

e. A statement that failure to participate in such hearing constitutes a waiver of further rights in the matter.

4. Conduct of hearing. A hearing may be requested by the parent/guardian. The hearing will be conducted by the superintendent or designee. The hearing may be conducted in open session or may be closed except to those individuals deemed advisable by the superintendent or designee but including in all events the student, the student’s parent/guardian and, if requested, anthe student’s attorney. Such individuals as may have pertinent information will be admitted to a closed hearing to the extent necessary to provide such information.

Testimony and information willmay be presented under oath if requested by either party. However, technical rules of evidence will not be applicable, and the superintendent or designee may consider and give appropriate weight to such information or evidence deemed appropriate. The student’s written statement, if any, may be presented as evidence in accordance with applicable law. The student or the student’s representative may question individuals presenting information.

A sufficient record of the proceedings will be kept so as to enable a transcript to be prepared in the event either party so requests. Preparation of the transcript will be at the expense of the party requesting the same.

If the hearing is conducted by a designee, findings and recommendations will be forwarded to the superintendent. The superintendent will render a written decision no later than five school days after the hearing. The decision will be delivered to the student or the student’s parent/guardian in the manner described above. In his or her opinion, the superintendent may establish reasonable conditions for readmission as well as the duration of the expulsion, which may not extend beyond one calendar year.

Each semester, the superintendent will provide a written summary of expulsion information to the Board.

5. Appeal. The student or the student’s parent/guardian will have the right to appeal the decision of the superintendent to the Board provided that the superintendent is given written notice of such appeal within 10 school days of the superintendent’s decision. The Board will set the matter for hearing at its next regular meeting.

If an appeal is properly requested, the Board will review the record concerning the expulsion or denial of admission. The record includes notices and other documents concerning the challenged action, the transcript of the testimony, if any, the hearing exhibits, the findings and recommendation of the hearing officer, the hearing officer’s written decision,

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and other documents concerning the challenged action. The student may be represented by counsel at the appeal. Representatives of the district and the parents may make brief statements to the Board, but no new evidence may be presented unless such evidence was not reasonably discoverable at the time of the hearing. Members of the Board may ask questions for purposes of clarification of the record.The appeal will consist of a review of the facts which were presented and which were determined at the expulsion hearing conducted by the superintendent or designee, arguments relating to the decision, and questions of clarification from the Board. No additional facts or evidence may be presented except with Board approval.

Upon conclusion of the hearing, the Board may vote to affirm, reverse or modify the superintendent’s decision. The Board’s decision will be communicated orally and entered in the minutes of the meeting. Upon written request, the Board’s decision will be reduced to writing for purposes of further judicial review pursuant to state law.

6. Parental responsibilityInformation to parents. If a student between the ages of six and 17 is expelled, the parent/guardian will be responsible for ensuring compliance with the compulsory school attendance law during the expulsion period. Upon expelling a student, district personnel willshall provide information to the student’s parent/guardian concerning the educational alternatives available to the student during the period of expulsion, including the right of a parent/guardian to request that the district provide services during the expulsion. If the parent/guardian chooses to provide a home-based education program for the student, district personnel will assist the parent/guardian in obtaining appropriate curricula for the student if requested by the parent/guardian.

If a student is expelled and is not receiving services through the district, the school district will contact the expelled student’s parent/guardian at least once every 60 days until the student is eligible to re-enroll to determine whether the child is receiving educational services. District personnel need not contact the parent/guardian after the student is enrolled in another school district or in an independent or parochial school, or if the student is committed to the department of human services or sentenced through the juvenile justice system.

7. Re-admittance. A student who has been expelled shall be prohibited from enrolling or re-enrolling in the same school in which the victim of the offense or member of the victim’s immediate family is enrolled or employed when:

a. the expelled student was convicted of a crime, adjudicated a juvenile delinquent, received a deferred judgment or was placed in a diversion program as a result of committing the offense for which the student was expelled;

b. there is an identifiable victim of the expelled student’s offense; and

c. the offense for which the student was expelled does not constitute a crime against property.

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If the district has no actual knowledge of the name of the victim, the expelled student shall be prohibited from enrolling or re-enrolling only upon request of the victim or a member of the victim’s immediate family.

Additionally, the district retains the right to assign the student returning from expulsion to any school site in the district, if deemed appropriate.

No student will be readmitted to school until after a meeting between the principal or designee and the parent/guardian has taken place, except that if the principal or designee cannot contact the parent/guardian or if the parent/guardian repeatedly fails to appear for scheduled meetings, the principal or designee may readmit the student.

D. Procedure for expulsion for crimes of violence or unlawful sexual behavior

The following procedures will apply when the district receives notification that a student has been charged in juvenile or district court with a crime of violence or unlawful sexual behavior, as those terms are defined by state law.

1. The Board or its designee will make a preliminary determination whether it will proceed with an expulsion hearing, based on the following factors:

a. Whether the student has exhibited behavior that is detrimental to the safety, welfare and morals of other students or school personnel.

b. Whether educating the student in school may disrupt the learning environment, provide a negative example for other students or create a dangerous and unsafe environment for students, teachers and other school personnel.

c. Grounds for expulsion of the student exist.

2. If it is determined that the student should not be educated in the schools of the district and that grounds for expulsion exist, the district will proceed with the expulsion of the student, in accordance with the procedures set forth above.

3. Alternatively, suspension or expulsion proceedings may be postponed, pending the outcome of the court proceedings. If the suspension or expulsion proceedings are postponed, the student will not be permitted to return to school during that period. An appropriate alternative education program, including but not limited to, an online program authorized by state law or home-based education program will be established for the student during the period pending the resolution of the juvenile proceedings. The time that a student spends in an alternative education program shallwill not be considered a period of suspension or expulsion.

4. If the student pleads guilty to the charge, is found guilty or is adjudicated a delinquent juvenile, the Board or designee may proceed to suspend or expel the student following the procedures set forth in these regulations.

5. Discipline procedures for any student with a disability will be in accordance with state and federal law and Board policy.

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6. Information regarding the details of the alleged crime of violence or unlawful sexual behavior will be used by the Board or its designee for the purposes set forth in this policy, but shall remain confidential unless the information is otherwise available to the public by law.

Approved: September 21, 1977 Revised: August 26, 1992 Revised: September 29, 1993 Revised: June 8, 1994 Revised: September 27, 1995 Revised: September 25, 1996 Revised: October 22, 1997 Revised: September 9, 1998 Revised: February 9, 2005 Revised: April 27, 2005 Revised: January 9, 2013 Revised: June 24, 2015

*Educational services will be provided to the extent they are funded by the state legislature, the department of education, grants or by existing agreements with community agencies.

St. Vrain Valley School District RE-1J, Longmont, Colorado

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Grounds for Suspension/Expulsion

According to Colorado Revised Statutes 22-33-106 (1)(a-g), 22-33-106.1, and 22-12-105 (3), the following may be grounds for suspension or expulsion from a public school:

1. Continued willful disobedience or open and persistent defiance of proper authority.

2. Willful destruction or defacing of school property.

3. Behavior on or off school property which is detrimental to the welfare, health, or safety of other pupils or of school personnel including behavior which creates a threat of physical harm to the child or other children.

4. Declaration as a habitually disruptive student.

a. For purposes of this paragraph, “habitually disruptive student” means a child who has caused a material and substantial disruption three times or more during the course of the school year on school grounds, in a school vehicle or at a school activity or sanctioned event. Any student who is enrolled in a public school may be subject to being declared a habitually disruptive student.

b. The student and the parent, legal guardian, or legal custodian shall have been notified in writing of each disruption counted toward declaring the student as habitually disruptive and the student and parent, legal guardian, or legal custodian shall have been notified in writing and by telephone or other means at the home or the place of employment of the parent or legal guardian of the definition of “habitually disruptive student.”

5. The use, possession or sale of a drug or controlled substance.

6. The commission of an act which if committed by an adult would be robbery pursuant to Part 3, Article 4, Title 18, C.R.S. or assault pursuant to Part 2, Article 3, Title 18, C.R.S. other than the commission of an act that would be third degree assault under C.R.S. 18-3-204 if committed by an adult.

7. Possessing a dangerous weapon without the authorization of the school or the school district.

For purposes of this paragraph, “dangerous weapon” means:

a. A firearm.

b. Any pellet gun, BB gun, or other device, whether operational or not, designed to propel projectiles by spring action or compressed air.

c. A fixed blade knife with a blade that exceeds three inches in length or a spring loaded knife or a pocket knife with a blade exceeding three and one-half inches in length.

d. Any object, device, instrument, material, or substance, whether animate or inanimate, that is used or intended to be used to inflict death or serious bodily injury.

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8. Repeated interference with a school’s ability to provide educational opportunities to other students.

9. Carrying, using, actively displaying, or threatening with the use of a firearm facsimile that could reasonably be mistaken for an actual firearm in a school building or in or on school property without the authorization of the school or school district.

10. Making a false accusation of criminal activity against a district employee to law enforcement or to the district.

According to C.R.S. 22-33-106 (2), subject to the district’s responsibilities under the Exceptional Children’s Education Act and applicable federal law (see policy JK*-2, Discipline of Students with Disabilities), the following may be grounds for expulsion from or denial of admission to a public school or diversion to an appropriate alternate program:

1. Physical or mental disability such that the child cannot reasonably benefit from the programs available.

2. Physical or mental disability or disease causing the attendance of the child suffering therefrom to be inimical to the welfare of other students.

Issued: September 9, 1998 Revised: February 9, 2005 Revised: August 12, 2009 Revised: January 9, 2013 Revised: June 24, 2015

CROSS REF.: JICDA, Code of Conduct

St. Vrain Valley School District RE-1J, Longmont, Colorado

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7.8 MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Approval of Administrative Employment Contracts

RECOMMENDATION

That the Board of Education approve employment contracts for the 2020-2021 school year for each of the following administrators:

Christopher Allen Colleen Ford Chase McBride Brandon Shaffer Shelly Allen Russell Fox Kerin McClure Katherine Slick Laura Anna Christopher Frank Kerri McDermid Andrea Smith Anne Atherton Jeffrey Fredman Jeffrey McMurry Hilary Sontag Rachael Ayers Todd Fukai Kirsten McNeill Mark Spencer David Baker James Garcia Mark Mills Gregory Stephens Betsy Ball Timothy Garcia Andrew Moore Mari Stevenson Ryan Ball Christopher Gardner James Mount Jessica Stitz Anthony Barela Laura Gold Shelley Neher Stacey Struessel Joshua Barnett Paige Gordon ToniJo Niccoli Johnny Terrell Shela Blankinship Ty Gordon Karen Norris Scott Toillion Karin Blough Mary Graziani Elizabeth Nybo Gina Trujillo Karolyn Borski Kathrynne Green Cathy O’Donnell Ty Valentine Michelle Bourgeois Michael Green Michael O’Hair Alain Valette Erica Bowman Traci Haley Quinn O’Keefe Kathi Jo Walder Charles Brown James Hecocks Jessica O’Toole Kim Watry Matthew Buchler Sandy Heiser Eric Ottem Charles Webber Laurieann Traci Burtnett Kimberly Peebles Jennifer Webster Henderson Justin Carpenter Jarrett Henson Richard Peebles Cyrus Weinberger Alicia Champlin Laura Hess Lori Peeples Anthony Whiteley Kahle Charles Stephen Hoel Dina Perfetti-Deany Matthew Wiggins Edward Cloke Douglas Jackson Jennifer Piccone Susana Wittrock Renee Collier Sarah James Zachary Pinkerton Sophia Yager Deniece Cook Shirley Jirik Nancy Pitz Brian Young Olga Cordero Jackie Kapushion Patricia Quinones Lance Yoxsimer Sean Corey Kristine Keel Meghan Quirk Susan Zimmerman Thomas Darcy Patrick Kilcullen Eric Rauschkolb Audrey Konauka- Patrick DeCamillis Ann Reed Seybold Deann Dykes Bryan Krause Heidi Ringer Deanna Dykstra- Jeremy Lacrosse Lynsey Robinson Lathrop Daniel Eipper Brian Lamer Erin Roe Chad Eisentrager Kimberly Lancaster Richard Ruffino Lauren Eker Diane Lauer Elizabeth Russell Catrina Estrada Jason Laufenberg Pete Scheck Gregory Fieth Jill Lliteras Brendon Schwirtz Erick Finnestead Amber Marsolek Emily Scott 8.1

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Approval of Contracts for Teachers/Non-Renewal Notices for the 2020- 2021 Academic Year

RECOMMENDATION

That the Board of Education approve teacher contracts for all probationary and non- probationary teachers currently employed by the St. Vrain Valley Schools with the exception of Jennifer Luscombe, Counselor at Student Services.

9.1

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: Discussion of Legislative Proposal to Repeal the Gallagher Amendment Strategic Priority – Strong District Finances

PURPOSE

To provide the Board of Education with an update on a concurrent resolution to be considered by the General Assembly referring a measure to the ballot in November repealing the Gallagher Amendment.

BACKGROUND

The attached white paper about the Gallagher Amendment gives a comprehensive description of the history and intent of the amendment. It also explains its interaction with TABOR and the resulting unintended impact it has on statewide funding for K-12 education.

Due to the Gallagher Amendment, the state is once again looking at reducing residential assessment rates, which will impact local property tax collections. The current estimate is that the rate will fall from 7.15% to 5.88%. This will result in an approximate $13.4 million reduction in general fund property tax collections in our District.

The legislative proposal being considered (also attached), would refer a measure to voters in November, 2020, to repeal the Gallagher Amendment, thereby maintaining the residential assessment rate at 7.15% and eliminating automatic residential assessment rate reductions in the future.

Brandon Shaffer, Executive Director of Legal/Governmental Affairs, Community Outreach & P-TECH, will be available via Webex to answer questions. Second Regular Session Seventy-second General Assembly STATE OF COLORADO DRAFT

LLS NO. R20-0117.01 Ed DeCecco x4216 SENATE Concurrent Resolution SENATE SPONSORSHIP Tate and Hansen, Rankin

HOUSE SPONSORSHIP Esgar,

Senate Committees House Committees

SENATE CONCURRENT RESOLUTION 101 SUBMITTING TO THE REGISTERED ELECTORS OF THE STATE OF 102 COLORADO AN AMENDMENT TO THE COLORADO CONSTITUTION 103 CONCERNING THE REPEAL OF PROVISIONS RELATED TO 104 PROPERTY TAX ASSESSMENT RATES, AND, IN CONNECTION 105 THEREWITH, REPEALING THE REQUIREMENT THAT THE GENERAL 106 ASSEMBLY ADJUST THE RESIDENTIAL ASSESSMENT RATE IN 107 ACCORDANCE WITH A FORMULA DESIGNED TO MAINTAIN THE 108 PERCENTAGE OF THE AGGREGATE STATEWIDE VALUATION THAT 109 IS ATTRIBUTABLE TO RESIDENTIAL PROPERTY; REPEALING THE 110 HISTORICAL RESIDENTIAL ASSESSMENT RATE OF TWENTY-ONE 111 PERCENT; AND REPEALING THE NONRESIDENTIAL ASSESSMENT 112 RATE OF TWENTY-NINE PERCENT.

Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. Capital letters or bold & italic numbers indicate new material to be added to existing statute. Dashes through the words indicate deletions from existing statute. Resolution Summary

(Note: This summary applies to this resolution as introduced and does not reflect any amendments that may be subsequently adopted. If this resolution passes third reading in the house of introduction, a resolution summary that applies to the reengrossed version of this resolution will be available at http://leg.colorado.gov/.)

Property tax in Colorado is generally equal to the actual value of property multiplied by an assessment rate, and the resulting assessed value is multiplied by each applicable local government's mill levy. The assessment rate for residential real property is established by the general assembly in accordance with a provision of the state constitution that is commonly known as the "Gallagher Amendment" and is limited by section 20 of article X of the state constitution (TABOR). Under the Gallagher Amendment, there are 2 important classes of property for the purposes of determining the residential assessment rate: Residential property and nonresidential property. The assessment rate for most nonresidential property is fixed in the state constitution at 29%. The residential assessment rate was initially set at 21%, but the rate has since been adjusted prior to each 2-year reassessment cycle to keep the percentage of aggregate statewide assessed value attributable to residential property the same as it was in the year immediately preceding the new reassessment cycle. For the current reassessment cycle, the residential assessment rate is 7.15%. The concurrent resolution repeals the Gallagher Amendment so that the general assembly will no longer be required to establish the residential assessment rate based on the formula expressed in the Gallagher Amendment. The resolution also repeals the reference to the residential rate of 21%, which last applied in 1986, prior to the first adjustment required by the Gallagher Amendment. Finally, the resolution repeals the 29% assessment rate that applies for all nonresidential property, excluding producing mines and lands or leaseholds producing oil or gas.

1 Be It Resolved by the Senate of the Seventy-second General 2 Assembly of the State of Colorado, the House of Representatives 3 concurring herein: 4 SECTION 1. At the election held on November 3, 2020, the 5 secretary of state shall submit to the registered electors of the state the

-2- DRAFT 1 ballot title set forth in section 2 for the following amendment to the state 2 constitution: 3 In the constitution of the state of Colorado, section 3 of article X, 4 amend (1)(b) as follows: 5 Section 3. Uniform taxation - exemptions. (1) (b) Residential 6 real property which shall include all residential dwelling units and the 7 land, as defined by law, on which such units are located, and mobile 8 home parks, but shall not include hotels and motels. shall be valued for 9 assessment at twenty-one percent of its actual value. For the property tax 10 year commencing January 1, 1985, the general assembly shall determine 11 the percentage of the aggregate statewide valuation for assessment which 12 is attributable to residential real property. For each subsequent year, the 13 general assembly shall again determine the percentage of the aggregate 14 statewide valuation for assessment which is attributable to each class of 15 taxable property, after adding in the increased valuation for assessment 16 attributable to new construction and to increased volume of mineral and 17 oil and gas production. For each year in which there is a change in the 18 level of value used in determining actual value, the general assembly shall 19 adjust the ratio of valuation for assessment for residential real property 20 which is set forth in this paragraph (b) as is necessary to insure that the 21 percentage of the aggregate statewide valuation for assessment which is 22 attributable to residential real property shall remain the same as it was in 23 the year immediately preceding the year in which such change occurs. 24 Such adjusted ratio shall be the ratio of valuation for assessment for 25 residential real property for those years for which such new level of value 26 is used. In determining the adjustment to be made in the ratio of valuation 27 for assessment for residential real property, the aggregate statewide

-3- DRAFT 1 valuation for assessment that is attributable to residential real property 2 shall be calculated as if the full actual value of all owner-occupied 3 primary residences that are partially exempt from taxation pursuant to 4 section 3.5 of this article was subject to taxation. All other taxable 5 property shall be valued for assessment at twenty-nine percent of its 6 actual value. However, The valuation for assessment for producing mines, 7 as defined by law, and lands or leaseholds producing oil or gas, as defined 8 by law, shall be a portion of the actual annual or actual average annual 9 production therefrom, based upon the value of the unprocessed material, 10 according to procedures prescribed by law for different types of minerals. 11 Non-producing unpatented mining claims, which are possessory interests 12 in real property by virtue of leases from the United States of America, 13 shall be exempt from property taxation. 14 SECTION 2. Each elector voting at the election may cast a vote 15 either "Yes/For" or "No/Against" on the following ballot title: "Shall 16 there be an amendment to the Colorado constitution concerning the repeal 17 of provisions related to property tax assessment rates, and, in connection 18 therewith, repealing the requirement that the general assembly adjust the 19 residential assessment rate in accordance with a formula designed to 20 maintain the percentage of the aggregate statewide valuation that is 21 attributable to residential property; repealing the historical residential 22 assessment rate of twenty-one percent; and repealing the nonresidential 23 assessment rate of twenty-nine percent?" 24 SECTION 3. Except as otherwise provided in section 1-40-123, 25 Colorado Revised Statutes, if a majority of the electors voting on the 26 ballot title vote "Yes/For", then the amendment will become part of the 27 state constitution.

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Gallagher Amendment Whitepaper (8/29/18)

The Gallagher Amendment was part of a constitutional change to Colorado’s property tax system proposed by legislative referendum as “Amendment #1” and adopted by Colorado voters in 1982. The amendment is named after former State Senator Dennis Gallagher, who was one of the prime sponsors of a successful amendment to the proposed language of “Amendment 1” that limited the potential contribution of residential real property to the state’s total property tax pool.

While the Gallagher Amendment was intended to address specific challenges at a specific time when it was proposed and passed in 1982, changes in real estate market conditions over time and the passage of subsequent constitutional amendments which retroactively affect the Gallagher Amendment have created unforeseen and unintended consequences that are causing significant challenges for Colorado today.

Table of Contents What is property tax? ...... 2 How is Colorado’s property tax calculated? ...... 3 Why did Coloradans adopt the Gallagher Amendment in 1982? ...... 5 How did “Amendment 1” and the Gallagher Amendment affect Colorado property taxes? ...... 6 What have been the impacts of the Gallagher Amendment? ...... 7 Past Effort to Address the Gallagher Amendment ...... 16

What is property tax? Property taxes are used to pay for local government services. In 2017, just over 50% of property tax revenues were used to fund local K-12 school districts; the remainder supports local services provided by counties, special districts, and, to a lesser degree, cities and towns (which are primarily funded by sales taxes), including fire protection, recreation, water and sewer infrastructure, libraries and county road maintenance. Property taxes in Colorado are assessed, collected and spent locally.

Colorado has not imposed a state level property tax since 1964, and therefore property tax revenues do not pay for any state services like highways, prisons, or higher education; state services are paid for through a combination of the state income tax, the state sales tax, motor fuel taxes fees and other tax revenues. While property taxes are a significant source of funding for local governments in all states, only 14 states levy a statewide property tax. 1

Uses of Colorado’s Property Tax Revenues (2017)

Special Districts 19.1% Cities 4.9% K-12 Schools 50.7%

Counties 24.1%

Junior Colleges 1.1% Source: CO Div of Property Taxation

1 From http://www.taxpolicycenter.org/briefing-book/how-do-state-and-local-property-taxes-work

…[nationally] property taxes are a significant source of local government revenue, [but] they are a very small revenue source for most states. State governments levy property taxes in 36 states, collecting $13 billion in revenue from such taxes in 2013—about 1 percent of own-source general revenue (“own-source” revenue excludes intergovernmental transfers). Vermont relied on property taxes for 26 percent of state own-source general revenue in 2013, far and away the highest percentage in any state. Property taxes were 5 percent or more of state revenue in only six other states: Arkansas, Michigan, Montana, New Hampshire, Washington, and Wyoming. Fourteen states did not levy a state-level property tax. 2

How is Colorado’s property tax calculated? Colorado’s property tax revenue is calculated by the following simple formula which includes three parts: 1) the “Base Property Value”, 2) the “Assessed Property Value”, and 3) the “Mill Levy.

“Base Property Value” Nationally, it is common practice to establish the property tax base by starting with the market value of property. In Colorado, the property tax base is established every other year through a “reassessment” process performed by your locally-elected County Assessor. Changes in market conditions will result in your property’s base value fluctuating with each reassessment.

“Assessed Property Value” and “Assessment Rate” In many states, including Colorado, the base property value is amended by an “Assessment Rate” which is established for each class of property (Residential, Commercial, Agricultural, etc) in order to allow different classes of property to contribute to the total tax burden at different levels.2 The Assessment Rates are set by law and in the state constitution. Different classes of property are assessed at different rates; for example, Commercial property (an office building) is assessed at 29% of its market value, whereas Residential property (a house) is assessed at a fluctuating rate which is currently 7.2%.

The “Assessed Value” is the taxable value of your property and is determined by multiplying your property’s base market value by an “Assessment Rate” which has been established for your class of property. Because the taxable Assessed Value of your property is determined every two years by your local County Tax Assessor, your “Assessed Value” lags the actual market value by two years.

“Mill Levy” The mill levy is the rate of tax that is applied to the assessed value of a property to determine property tax revenue. One mill is one dollar per $1,000 dollars of assessed value, therefore the “tax rate” for one mill would be .001 (1/1000). For example, if your property has a taxable value of $100,000, and the mill levy in your community is 1 mill (or an effective “tax rate” of .001), you'll pay $100 in taxes. Tax mills are approved by voters, and the mill levy on your property will include all of the various tax mills which voters in your jurisdiction (city, county, state and any special districts) have approved over the years.

Property Assessed Property Value Mill Levy Tax = (The taxable value of property.) X (The rate of Revenue taxation.) Base Property Value Assessment Rate

(based on the market) X (set by law and in the constitution)

2 For more detail on classification and how the process works in other states, see http://datatoolkits.lincolninst.edu/subcenters/significant-features-property-tax/The_Property_Tax_Base.aspx and http://datatoolkits.lincolninst.edu/subcenters/significant-features-property- tax/Report_Property_Tax_Classification.aspx 3

Here’s a sample of an actual property tax statement for a resident of Jefferson County:

As you can see: • The “Actual” property value is $254,014, and the “Assessed” value is only $18,289, therefore the “Assessment Rate” for this residential class of property is 7.2% ($18,289/ $254,014). • One of the assessed taxes which Jefferson County voters had previously approved is to support the “Library Fund” which has a “Mill Levy” equal to 4.0 mills ($4.00 for each $1,000 of assessed property value), which means this homeowner pays $73.16 each year to support the Library Fund (4.0 mills x $18.289 of assessed value).

Test Your Property Tax IQ:

Q: How much would you pay in taxes if you owned a $300,000 house and your mill levy was 60 mills?

A: First, start with the base market value of your property = $300,000

Second, multiply your base market value by the Assessment Rate (7.2% for residences) to determine your Assessed Value = $21,600

Third, multiply your Assessed Value by your mill levy (60 mills/ $1000) = $1,296 in property tax.

Why did Coloradans adopt the Gallagher Amendment in 1982? “Amendment 1” – which included the Gallagher Amendment – was the culmination of a property tax revolt that began in Colorado in the late 1970’s as a result of growing frustration among Colorado voters about the increasing property tax which they were paying as their property values grew. The late 1970s in Colorado were a time of extremely high inflation and high growth, especially along the Front Range, and these two factors contributed to causing property values to grow at a rate of about 1% per month from 1969 through much of the 1970s and beyond. Taxing authorities were either unwilling or unable to alleviate this frustration by lowering their mill levies enough to offset the growing property values and maintain a consistent tax revenue.

Colorado Home Prices Spiked in the late 1970’s (% Change in Quarterly Denver-Aurora-Lakewood Home Prices)

Source: Federal Reserve Economic Research Division

Additionally, prior to the adoption of the comprehensive property tax reforms in “Amendment 1”, there was no statewide oversite to ensure that each county assessed property values in a consistent manner. Some counties chose not to reassess the value of some classes of property (i.e. Residential) in order not to increase the tax burden for those property owners, and some counties chose not to reassess ANY of their property during some scheduled reassessment cycles.

In 1982, the legislature formed a committee to study the problem and recommend solutions. House Concurrent Resolution (HCR) 82-1005, which included the Gallagher Amendment and was later referred to the ballot as “Amendment 1”, was the culmination of the committee’s effort to find a workable solution to the problem of increasing Residential property taxes.

How did “Amendment 1” and the Gallagher Amendment affect Colorado property taxes? “Amendment 1” did several things:

1. “Amendment 1” reduced the tax burden for all property owners by reducing the property assessment rates for all classes of property.

Property Class Assessment Rate Assessment Rate BEFORE Gallagher AFTER Gallagher Agricultural 30% 29.0 Commercial 30% 29.0 Industrial 30% 29.0 Residential 30% Fluctuates, currently 7.2% State Assessed 30% 29.0 Vacant Land 30% 29.0

(“Natural Resources” (i.e. mines and oil/gas wells) are taxed differently than land and buildings and based on the value of the resources produced.)

2. The Gallagher Amendment froze the ratio of the total value of Non-Residential and Residential property. When the Gallagher Amendment was proposed in 1982, Non-residential property made up 55% of the state’s total aggregate property valuation, and Residential property made up the other 45% of that total valuation. The Gallagher Amendment froze these relative ratios at the 1982 levels so that Residential property in Colorado would always constitute approximately 45% of the total property valuation.

The Gallagher Amendment further required that the legislature adjust the Assessment Rate for Residential property every two years (up or down as might be necessary) to ensure that the aggregate statewide valuation for Residential property continue to represent only 45% of the state’s total property valuation. However, while the legislature HAS lowered the Residential Assessment Rate as the Gallagher formula required during times when the total value of Residential property was outpacing the value of Non-Residential property, the subsequent passage of the TABOR Amendment in 1992 has been interpreted to prohibit the legislature from conversely raising the Residential Assessment Rate when the Gallagher formula would accommodate an increase; in short, Gallagher has created an unsustainable and unstoppable downward spiral of the Residential Assessment Rate.

3. “Amendment 1” simplified the assessor’s methodology for determining the actual value of property. Prior to this amendment, different county assessors would use different appraisal methods involving some seven factors. Amendment #1 established a uniform appraisal methodology for all counties, involving just three factors of cost, market, and income.

4. “Amendment 1” created a statewide audit to ensure that every county assessed the value of property in a consistent and equitable manner. Prior to this amendment, different counties taxed different property in different ways which created inequities.)

5. “Amendment 1” established that the actual value of agricultural land would be determined by its earning or productive capacity rather than its market value, which allowed agriculture land in high-growth areas to continue to be managed as a farm or ranch.

6. “Amendment 1” exempted certain property from taxation. These exemptions included: household furnishings and personal effects not used for the production of income; inventories of merchandise and material and supplies held for business consumption or for sale; livestock; agricultural and livestock products; and agricultural equipment used on a farm or ranch in the production of agricultural products. Many of these classes of property had been considered a nuisance tax based upon the complexity of the valuation (and the time and resources which it required) and the marginal revenue produced by the tax. (While Gallagher exempted RESIDENTIAL personal property from taxation, it maintained taxation on BUSINESS personal property.)

“Amendment 1” was adopted by Colorado voters in 1982 with 551,334 votes (65.5%) to 290,590 votes (34.5%).

What have been the impacts of the Gallagher Amendment? While the Gallagher Amendment was intended to address specific challenges at a specific time when it was proposed and passed in 1982, changes in real estate market conditions over time and the passage of subsequent constitutional amendments which retroactively affect the Gallagher Amendment have created unforeseen and unintended consequences that are causing significant challenges for Colorado today.

1) The frozen Residential/ Non-Residential ratio is forcing down the Assessed Value of houses (from 30% in 1982 to 7.2% today) and jeopardizing community services which rely on that Residential property tax base. Colorado’s robust population growth over the last three decades has resulted in the state’s total Residential property value significantly outpacing the growth of the state’s total Non-residential property value.

Colorado Population Growth (in millions) 6

1923 1926 1929 1932 1935 1938 1941 1944 1947 1950 1953 1956 1959 1962 1965 1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 1920

Today, Residential property makes up about 80% of the actual market value of all property in the state. However, because the Gallagher Amendment froze the ratio of Non-residential and Residential property values at their 1982 levels and limits the taxable value of all Residential property to never constitute more than approximately 45% of the state’s total property valuation, the state has been forced to continually reduce the floating Assessment Rate for Residential property to maintain this frozen ratio.

The ACTUAL Value of "Residential" Property in Colorado Now Constitutes 80% of Total Property $800,000 $700,000

Millions $600,000 $500,000 Residential $400,000 $300,000 All Other Classes $200,000 $100,000 $0

Source: Colorado Division of Property

As long as the growth in value of Residential property in the state outpaces the growth in the value of Non-Residential property, the Gallagher Amendment forces the Residential Assessment Rate down. When we adopted the Gallagher Amendment in 1982, this Assessment Rate for Residential property was 30%; today, it’s been forced down to only 7.2% and is expected to continue to decline.

As Residential property values rise, the Gallagher Amendment has continually forced down the Residential Property Tax Assessment Rate in order to comply with the Constitutional Mandate that Residential Property only makes Up 45% of Total Property Values in Colorado

35% 30% 25% 20% 15% 10% 5% 0%

Residential Assessment Rate Source: Colorado Legislative Council

For example, the property tax collected on a $300,000 house in a local taxing district that collects 60 mills (mill rate of 60 mills per $1,000 = .06) would be:

1981 2017 Market Value of house $300,000 $300,000 X Assessment Rate 30% 7.20% X Mill Levy rate (60 mills) .06 .06 = Annual Property Tax collected $5,400 $1,296 (a reduction of 76%)

This lower Residential Assessment Rate is great news if you’re a homeowner because you’re only paying a fraction of the property tax that you would otherwise pay without the Gallagher Amendment; however, this lower Assessment Rate is extremely challenging for local communities that rely on property taxes to provide local services like K-12 education and fire districts.

2) The forced decline in the Residential Assessment Rate disproportionately and adversely impacts the poorest communities with the lowest rates of growth in Residential property values. Because the Gallagher Amendment sets the Residential Assessment Rate statewide, it requires that it be the SAME for all counties. And since the actual market value of Residential property 9

grows at DIFFERENT rates in different counties, the impact of the declining Residential Assessment Rate affects each county tax base differently; specifically, for those counties whose Residential values are growing more slowly, the declining Residential Rate causes a larger decline in the Residential property tax base.

For example, let’s assume the Gallagher Amendment requires that the Residential Assessment Rate be reduced from 7% to 6% during a particular 2-year property assessment cycle; that 1% change amounts to a 14% decrease in the Assessment Rate (1% change divided by 7% rate), and… 1. If the market value of the average house within one jurisdiction grows at a rate which is EQUAL to the required 14% decrease in the Assessment Rate, then the 14% reduction in the Assessment Rate will cancel the 14% growth in market value, and therefore the Assessed Value of the average house and that jurisdiction’s residential tax base doesn’t change. 2. However, if the market value of the average house in another jurisdiction grows at a rate which is LESS than the 14% decrease in the Assessment Rate, then the 14% reduction in the Assessment Rate results in a lower Assessed Value of the average house and a reduction in that jurisdiction’s residential tax base. For example, if the market value of the average house in this jurisdiction only grew by 8%, then a 14% required reduction in the Residential Assessment Rate would result in a net 6% reduction in the Assessed Value of the average house and a corresponding reduction in that jurisdiction’s overall tax base.

Typically, the state’s poorest communities are located in rural areas which have the slowest growth in Residential market values, and therefore the Gallagher Amendment forces a reduction in their residential property tax base when the market value in other more prosperous communities is growing. As an example using school districts, the map below demonstrates the change in Residential Assessed Values by district from 2016 to 2017.

Change in Residential Assessed Values by School District, 2016 to 2017

Colorado Legislative Council, 2017

Although some of this forced decrease in the Residential property tax base is offset by an increase in the value of Non-residential property in some communities, the Gallagher Amendment’s frozen Residential/ Non-Residential formula is expected to decrease the overall tax base in 130 of Colorado’s 178 School Districts in 20173.

3) The forced declining Assessment Rate of houses disproportionately and adversely impacts communities with very little Non-residential property value. As the Gallagher Amendment’s frozen Residential/ Non-residential formula forces a continual decline in the Residential Assessment Rate and Residential property tax base, communities may try to offset this by asking their voters to increase their Mill Levy (tax rate), however, this opportunity may be limited in areas of the state struggling with depressed property values or with little Non-residential property value, such as rural areas.

Rural areas are typically the same communities shown in the map above which have the lowest rates of growth in residential property values and therefore suffer the biggest decrease in their Residential property tax base as a result of the Gallagher Amendment’s forced decline in the Residential Assessment Rate. These communities typically also have a very small Non- residential tax base on which to shift the property tax burden. Even if these communities can successfully petition their voters to approve an increase in their mill levy, it generates relative little revenue and places a disproportionate burden on their small Non-residential property owners, such as farmers who own Agricultural property.

3 Colorado Legislative Council video presentation, 2017 11

4) The forced decline in the Residential tax base, and subsequent efforts by local taxing authorities to increase their mill levy to offset this decline, unfairly shifts the property tax burden to Commercial/Business property owners which creates an unfriendly tax environment for growing and attracting businesses.

As the Gallagher Amendment forces down the Residential Assessment Rate, the corresponding Assessment Rate for Commercial property is frozen at 29%. Therefore, when taxpayers vote to increase their mill levy to offset the effect of the declining Residential property tax base, the property tax burden is shifted to business property owners who are forced to pay for a higher mill levy at the higher fixed Commercial Assessment Rate. Currently, owners of Commercial and Industrial properties bear over 4X the property tax burden of Residential property owners on property with the same market value.

Property Tax on $1 Million Property at 100 Mills $35,000

$30,000

$25,000

$20,000

$15,000

$10,000

$5,000

$- Commercial or Industrial Residential

In addition to this increasing shift in the property tax burden from Residential to Commercial property owners, those same commercial businesses also have to pay property tax on their Business Personal Property which “Amendment 1” never exempted from taxation as it did with residential personal property.

5) The Taxpayers Bill of Rights (TABOR) further complicates the property tax challenge created by the Gallagher Amendment. TABOR, which passed ten years after the Gallagher Amendment in 1992, complicates Gallagher in two ways: 1. Although not yet tested in court, while the Gallagher Amendment requires that the Residential Assessment Rate be LOWERED during times when the growth in Residential values outpaces the growth in Non-Residential Values, TABOR has been interpreted to prohibit the legislature from conversely abiding by Gallagher’s requirement that the Residential Assessment Rate be RAISED during times when the formula would support such an increase. This results in an irreversible ratcheting down of the Residential Assessment Rate. 2. Because TABOR limits the amount of tax revenue which a taxing jurisdiction can collect without voter approval, it forces the mill levy to automatically be reduced, either permanently or with a temporary credit, when the growth in property values exceeds TABOR’s revenue limit. Conversely, mill levies were traditionally allowed to float upward when property values decreased in order to counteract economic cycles and help protect local governments’ primary revenue source. However, TABOR prevents the mill levies from increasing without a vote of the people. (NOTE: While most counties have “de-Bruced”, this still doesn’t allow them to increase mill levies without a vote of the people.) As a result of TABOR’s forced reduction in mill levies when property values grow and the inability of those mill levies to conversely float upward when property values decline, the collision between TABOR and Gallagher has in some cases led to a structural ratcheting down effect on the mill levy and the resulting funding for local governments.

6) The declining ability of local school districts to adequately fund K-12 education has shifted the K-12 funding burden from local school districts to the State. Local property taxes used to be the primary funding source for K-12 education in Colorado. In 1982, local property taxes funded 60% of K-12 education, and the state General Fund provided the other 40% of funding. A combination of interacting policies has shifted this burden to the state over time: 1. First, the Gallagher Amendment has reduced local property tax revenue by consistently forcing the Residential Assessment Rate down over time as the overall value of Residential property in the state has outpaced the overall value of Non-Residential property.

2. Second, because the TABOR Amendment forces the local mill levy down during times of net growth in property tax revenues, but conversely no longer allows that levy to float back up during times of decreasing property tax revenues, this has resulted in a gradual ratcheting-down of the local mill levy.

Since 1992, the combination of both the declining Residential Assessment Rate and the declining mill levy has dramatically reduced the amount of local property tax revenue which School Districts receive.

3. Third, the School Finance Act, which is designed to ensure that every student in Colorado has the same opportunity for a quality education regardless of where the student lives and regardless of the student’s unique personal and family circumstances,

requires that the State automatically backfill these reduced K-12 revenues. (For example, small rural school districts receive extra funding under the formula to make up for their lack of any economies of scale due to their small size and geographic isolation, and districts which have a high percentage of at-risk students receive extra money under the formula to help pay for their more expensive education.)

As the amount of funding which School Districts receive from local property tax revenues has declined, and as the State has subsequently had to backfill this declining local funding source, the burden of funding K-12 has gradually and consistently shifted from local governments to the State. The state now provides almost 70% of funding for K-12 schools, with local property taxes providing only 30% of funding. This increasing shift in the burden for funding local K-12 School Districts now consumes 40% of the state’s General Fund, which leaves a shrinking amount of state funding to pay for other priorities like prisons and higher education.

Shift in Responsibility for Funding Local School Districts: Local to State

The following scatterplots demonstrate the phenomena which led to the shift in responsibility for funding K-12 education from local property tax to the state General Fund. In FY 1993–94, only three School Districts had levies of 10 mills or less, and two of the three received very little state aid. Most districts levied a base mill of 40. By FY 2014–15, the picture had shifted. The modal mill was 27 and 21 districts had levies of fewer than 10 mills. Of those 21, 13 received at least half of their total program funding from the state, four received between 15 percent and 50 percent of their funding from the state, and four received little or no funding from the state.4 While this change between 1993-2014 was largely as a result of TABOR’s prohibition on allowing mill levies to automatically float upward as they have historically been allowed to do, the interaction with Gallagher’s forced reduction in the Residential Assessment Rate was also a contributing factor.

Declining School District Mill Levies

1993-94 2014-15 60 60

50 50

40 40 15 15 Mills

94 94 Mills 30 30

- -

20 20

1993 2014

10 10

0 0 0% 20% 40% 60% 80% 100% 0% 20% 40% 60% 80% 100% Percent State Share Percent State Share

4 Represented from http://www.lincolninst.edu/publications/working-papers/measuring-impacts-tax-expenditure- limits-public-school-finance-colorado. 15

More Information about School District Mill Levies

• To limit the disparity in local school funding between, the State limits School Districts to collecting no more than 27 mills of local property tax revenue. Even if a School District could get voter approval to raise their base Mill Levy to this cap, there is no incentive for Districts to do so because the State would correspondingly reduce its contribution by an equivalent amount. • School Districts can ask voters to approve additional funding through “Mill Levy Overrides” which are different than the base “Mill Levy” in that revenues from an “Override Levy” aren’t counted against the State’s contribution and therefore result in net additional revenue to the School District. However, the State prohibits school districts from collecting more than 25% of their total program from a Mill Levy Override.

Past Effort to Address the Gallagher Amendment In 2003, Initiative 32 was placed on the ballot proposing to freeze the Residential Assessment Rate at 8.0% and eliminate Gallagher’s requirement to maintain the 45:55 split between the total value of Residential and Non-Residential property. Proponents of the measure selected the 8.0% rate because the current Residential Assessment Rate at the time they drafted the measure was 8.04%, thus the proposed 8.0% rate represented a slight DECREASE in the current Residential Assessment Rate which proponents hoped would garner support for their proposal. Ironically, very shortly after proponents filed their ballot measure, the Residential Assessment Rate had to be revised downward slightly to 7.96% as a result of additional property valuation data which had been submitted late by Jefferson County; consequently, opponents of Initiative 32 could then argue that the proposed 8.0% frozen Assessment Rate was actually an INCREASE from the current rate of 7.96%, and this eroded support for the proposal. Although proponents outspent opponents $254k to $6k, Initiative 32 ultimately failed by a margin of 22:78.5

5 https://ballotpedia.org/Colorado_Taxable_Value_of_Residential_Property,_Initiative_32_(2003) 16

9.2

MEMORANDUM

DATE: May 27, 2020

TO: Board of Education

FROM: Dr. Don Haddad, Superintendent of Schools

SUBJECT: District Economic Stimulus Funds Strategic Priority – Strong District Finances

PURPOSE

To provide the Board of Education with an update on the District’s use of the Economic Stimulus Funds.

BACKGROUND

The District applied for and received COVID-19 Economic Stimulus Funds. The Board of Education will have the opportunity to hear the status of those funds.