Accounting services are provided by employed staff.  Services include budgeting, fund accounting, pay and benefits processing, purchasing, insurance management, inventory, and financial record keeping.

Financial Accountability

Revenues and expenditures are monitored by the Director of Accounting and the Superintendent.   Each quarter, a Finance Committee including the Treasurer of the Board of Education, an additional appointed Board member, a District Accountability member appointed by the Accountability Committee, the Director of Accounting and the Superintendent review financial records and reports which depict the financial status of the District.   The Treasurer of the Board of Education presents a financial report to the Board of Education each quarter.   Annually, financial records and procedures are audited by external Certified Public Accountants  (Adducci and Associates, P.C.).

Budget

The Board of Education adopts a budget or each fiscal year (July through June).   Each May, the Board holds a public hearing on the proposed budget prior to adoption.

Mill Levy

The Board of Education certifies to the County Commissioners the amounts to be raised from levies against the valuation for assessment of all taxable property located within District boundaries for General Operational Funds, Bond Redemption, Transportation, and Special Building and Technology funds.

Purchasing

All purchases for which payment is from tax funds are made in accordance with the policies of the Board of Education and the laws of the State of Colorado. The administration is authorized to purchase and supervise the purchasing of goods, materials, supplies, equipment and furniture for the District within the parameters of adopted budgets.