Dear District 6 Community, We are the 13th largest school district in the State of Colorado, and we understand the importance of being accountable to our District 6 communities. This is why our Finance Department has developed Understanding the Budget as part of our commitment to financial transparency. In this document, we provide a simple explanation to what is a very complex annual budget for District 6. Much of what we do in financial reporting is required by law, but it can be complicated for a typical citizen to understand. It is my hope this document will provide a snapshot of how we use the resources entrusted to us by the community and the state. Because of budget cuts and the lack of funding state wide, the last few years have been difficult for public school systems. In District 6, we have instituted many budget cuts, have reallocated funds and have used every dollar as efficiently as possible in order to provide an excellent education to our students. With more than 21,000 students and 2,700 employees, it is essential that we operate this organization within our budget and with the funding we are provided. We are proud of our financial reporting and transparency. Our Finance Department has received several prestigious awards, including: • The Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association; • The Certificate of Excellence in Financial Reporting Award from the Association of School Business Officials International; • The Distinguished Budget Presentation award from the Government Finance Officers Association. Thank you for taking the time to learn more about our budget and how we collect and allocate revenues. More detailed financial information is also available on our website at www.greeleyschools.org. Please do not hesitate to contact me with your questions. It is my honor to serve as your superintendent of schools.
Sincerely,
Dr. Deirdre Pilch Superintendent
Table of Contents
Greeley-Evans WELD COUNTY SCHOOL DISTRICT 6
By the Numbers................................................................................................... 2 Description of Funds......................................................................................... 3 District Fund Summary..................................................................................... 4 General Fund Revenue Sources and Classifications........................................................................ 5 Enrollment Drives the Budget..................................................................... 6 Per Pupil Funding...................................................................................................7 General Operating Fund ............................................................................... 8 What Does the Budget Buy?.............................................................. 9-10 General Fund Expenditures by Accounting Classification.......................................................................11 Expenditures by Department...................................................................12 Revenues, Expenditures & Reserves.....................................................13 Notes.........................................................................................................................14 Contact Information ........................................................................................15
Greeley-Evans School District 6
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Risk Management Fund
Platte Valley Youth Services Fund
Bond Redemption Fund
Agency Funds
Poudre Learning Fund
Grants Fund
Capital Projects Fund
Debt Service Fund
Dental Insurance Fund
Food Service Fund
Capital Reserve Fund
General Operating Fund
Special Revenue Funds
General Fund
Description of Funds Student Activities Funds Scholarship Funds Athletics/ Activities Funds
Colorado Preschool Program Fund
General Funds
General Funds are used for the routine operations of the districts, and are funded by property taxes and other general revenues. The general operating fund is the most significant fund in relation to the district’s overall operations. The General Fund is used to manage all resources that are not legally, or by sound financial management, required to be managed in another fund.
Special Revenue Funds
Special Revenue Funds account for revenues that are legally and managerially restricted to expenditures for particular purposes. Grant dollars and food service activities are accounted for here.
Capital Reserve Fund
Capital Reserve Funds are used to pay for ongoing capital needs such as site acquisition, building construction, and renovation and equipment purchases.
Debt Service Fund Debt Service Funds manage the accumulation of resources for the payment of general long-term debt principal, interest and related costs.
Agency Funds
Agency Funds are used to account for resources used to support each school’s student and fund-raising activities. These funds are accounted for by the District and then passed on to individual schools.
DID YOU
KNOW 3
As a governmental entity, the District must utilize fund accounting to track revenues and expenditures. Basically, dollars are put in separate accounts, to ensure the money is spent for its intended purpose. Greeley-Evans School District 6
District Fund Summary
Adopted Budget % of Total General Funds*
$173,410,106
81%
Special Revenue Funds
$29,049,068
13%
Debt Service Fund
$9,993,281
5%
Capital Projects Fund
$750,000
0%
Agency Funds
$2,070,000
1%
Total Adopted Budget
$215,272,455
100%
*General Fund includes the General Operating Fund, Poudre Learning Center Fund, Risk Management Fund and Colorado Preschool Program Fund
2015-2016 Revenue Sources, All Funds Premiums Paid 0%
Other Local Revenue
State and Categorical Revenue
4%
3%
Specific OwnershipTax
Local Property Taxes-Operations
1%
14%
State Equalization
Local Property Taxes-Bond Debt
5%
Federal Grant Revenue
57%
11%
Direct Services Provided to Charter Schools
2%
Meal Charges
1%
State Grant Revenue
2%
Greeley-Evans School District 6
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General Fund Revenue Sources and Classifications State of Colorado
77%
Indirect & Other
1%
Services to Charter Schools
3%
Specific Ownership Tax
2%
Property Tax
17%
The chart above reflects the sources of revenue received by the district. Funding from the State of Colorado, Specific Ownership Taxes and Property Taxes all represent the funding calculated by the School Finance Act. The District has the ability to request additional property taxes to fund the district operations through a mill levy override; however, the district has not secured voter approval to enhance its revenue stream. Services to Charter Schools reflect payments from charter schools for contracted services, primarily special education services purchased from the district. Indirect and Other revenue represent the indirect costs associated with grant funds as well as miscellaneous revenues from oil and gas royalties, e-rate reimbursements, and charges for building usage among other activities.
Weld County School District 6 School Finance Act Per Pupil Funding $7,200
$7,117
$7,000
$6,923
$6,800
$6,697
$6,600
$6,000
$6,673
$6,551
$6,485
$6,400 $6,200
$6,857
$6,317
$6,322
$6,237
$5,800 $5,600 2006-07
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2007-08 2008-09 2009-10 2010-11
Greeley-Evans School District 6
2011-12 2012-13
2013-14 2014-15 2015-16
Greeley-Evans School District 6
Enrollment Drives the Budget District 6 student enrollment has been increasing for the past several years. The graph below illustrates the total student enrollment in preschool through 12th grade. The funded student count is the total number of students that District 6 receives funding for through the School Finance Act.
Student Enrollment for October Count
23,000 22,000
22,303 21,760
21,037
Enrollment
21,000
20,447 19,623
20,000 19,000
18,870
19,840
19,117
18,000 17,000 2008-09
2009-10
2010-11
Enrollment
2011-12
FTE Count
2012-13
2013-14
2014-15
Funded Count
2015-16* *estimated
Enrollment
Total number of students receiving services.
FTE Count Adjusted enrollment factoring kindergartners and part-time students funded at one-half of a student.
Funded Count Beginning in 2008-09, there was an additional factor of .08 FTE added for full-day kindergarten students, thus increasing the funded count.
Greeley-Evans School District 6
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Per Pupil Funding Per pupil funding in Greeley-Evans School District 6 is one of the lowest in the state of Colorado. A voter-approved Mill Levy Override adds mills to a property tax bill. Mills are the factor applied to assessed property value (not actual or market value), and together they determine total property tax cost. Depending on where you live, property tax collection may be allocated to your county, city, water district or school district, etc. A school district Mill Levy Override provides additional operating funds exclusively for the school district.
State Per Pupil Funding By District Comparison* SCHOOL DISTRICT
STATE FUNDING
MILL LEVY
PER PUPIL FUNDING
Platte Valley:
$8,168
$1,738
$9,906
Boulder:
$6,942
$2,181
$9,123
Gilcrest:
$7,000
$2,097
$9,103
Denver:
$7,355
$1,560
$8,915
Ault:
$7,421
$1,148
$8,569
Ft. Lupton:
$7,219
$1,196
$8,415
JeffCo:
$6,850
$1,396
$8,246
St. Vrain:
$6,861
$1,130
$7,991
Poudre:
$6,666
$1,276
$7,942
Thompson:
$6,667
$860
$7,527
Eaton:
$6,761
$637
$7,398
Keenesburg:
$6,823
$554
$7,377
Douglas:
$6,764
$535
$7,297
Windsor:
$6,667
$535
$7,203
Greeley:
$6,857
$0
$6,857
Johnstown:
$6,667
$142
$6,809
State Funding
Mill Levy Override
*Based on 2014-15 data, the most current data available
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Greeley-Evans School District 6
General Operating Fund 2015-16 Amount
Revenue
Expenditures
Amount
Property Tax
$29,329,681
General Administration
$1,359,398
State Revenue
$129,130,278
School Administration
$9,683,909
Specific Ownership Tax
$3,158,816
General Instruction
$74,183,379
Other Revenue
$6,548,090
Student Support
$6,686,267
Instructional Support
$7,071,133
Operations and Maintenance
$12,514,983
Transportation
$4,868,148
Business Services
$2,571,665
Other Support Services
$5,648,667
Total Revenue
$168,166,865
For Every Dollar Spent:
Total General Fund Operating
$124,587,549
Transfer to Charters
$38,638,836
Transfers to Other Funds*
$4,940,480
Total Expenditures & Transfers
$168,166,865
*Includes transfers to Capital Projects, Preschool, Special Revenue Funds and Risk Management.
Transportation: $.03
Transfers to Charters: $.23
Instructional Support: $.04
Student Support Services $.04 Business Services $.02
Operations School and Administration: Maintenance: $.06 $.07
Greeley-Evans School District 6
Transfer to Other Funds $.03
Other Support Services $.03
General Administration: $.01
General Instruction: $.44
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What Does the Budget Buy? Over the 174 day school year, it costs District 6 about $43 per day to educate each of the 22,303 students and operate the district with the $168 million General Fund budget — less than taking a family to the movies. For approximately $43 a day, District 6 provides each student: • Highly-skilled and trained teachers who make a difference in students’ lives • Specialized learning services for students with special needs • Access to library and technology resources • Guidance, counseling and other support services • Materials such as textbooks and equipment • Transportation to and from school • Extracurricular activities • Choices for learning environments • Clean and well-maintained facilities
General Fund Expenditures by Program 2015-2016 Budget (excluding transfers)
Instruction: 60%
Instruction
$74,183,379
Operations and Maintenance
$12,514,983
School Administration
$9,683,909
Instructional Support
$7,071,133
Student Support
$6,686,267
Other Support Services
$5,648,667
Transportation Greeley-Evans School District 6 Business Services
General Administration: 1%
$4,868,148 $2,571,665
General Administration
$1,359,398
Total Expenditures
$124,587,549
Business Services: 2% Transportation: 4% Student Support: 5% Operations and School Student Other Maintenance: Administration: Support: 10% 8% 4%
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Instructional Support: 6%
Greeley-Evans School District 6
What Does the Budget Buy? Kids, Schools and Classrooms
Central Support
General Instruction
• Teachers • Paraprofessionals • Materials, Text Books & Supplies • English Language Acquisition • Gifted & Talented Programs • Career & Technical Education • Summer School • Athletics & Activities • Special Education Teachers • Intervention Services • Special Education Preschool • Transition Services
Instructional Support
• Psychologists and Speech, Occupational and Physical Therapists • Guidance/Counseling • Heath Services • Parent and Family Liaisons
• Division of Academic Achievement • Learning Services • Student Support Services • Educational Technology • Grant Management
Operations & Maintenance
• Custodial Services • Utilities • Repairs & Maintenance of Property
• Division of Business Operations • Business Services • Human Resources • Communications • Safety and Security • Board of Education • Superintendent
General Administration School Administration
• Principals • Assistant Principals • Office Staff
Greeley-Evans School District 6
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General Fund Expenditures by Accounting Classifications 2015-16 Budget (Excludes Transfers)
Salaries and Benefits 86%
Purchased Services 6%
Supplies and Materials 8%
Object classifications are defined as follows: • Salaries are Benefits - amounts paid to district employees, including amounts paid for fringe benefits such as life insurance, Medicare, Public Employees Retirement Association (PERA) retirement benefits, and health, dental, and vision insurance. • Purchased Services - amounts paid for services that must be performed only by persons or firms with specialized skills and knowledge. Examples include: • Audit and Legal services • Trash/disposal services • Repairs and maintenance services • Insurance premiums • Tuition paid to other educational institutions • Travel and registration expenses • Supplies and Materials - amounts paid for items that are consumed. Examples include: • General supplies (paper, office supplies, etc.) • Utilities such as natural gas, electricity and motor vehicle fuels • Books and periodicals • Technology related supplies such as software and hardware falling below the capitalization threshold
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Greeley-Evans School District 6
General Fund Expenditures by Department Elementary Schools 25%
K-8 Schools 10%
Middle Schools 10%
Communications 0%
Transporation 4%
High Schools 21%
Human Resources 1% District Wide 2% District Governance 1% Custodial 2%
Exceptional Student Services
9%
Facilities 3%
Division of Academic Achievement
7%
Mailroom/ Warehouse 0%
Office of Information Technology 2%
Greeley-Evans School District 6
Student Information Services 1%
Finance 2%
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Revenues, Expenditures and Reserves District 6 intentionally built up its fund balance or “rainy day� fund to weather the recession and economic downturn. The district spent down the fund balance in order to avoid making severe budget cuts during the recession. For the 2015-16 budget year, the district has a balanced budget with expenditures equal to revenue.
In Millions
30.0
Fund Balance By Classification
25.0 20.0 15.0 10.0 5.0 2008-09
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15*
Available to Spend
3.7
8.2
5.7
12.4
16.2
13.2
11.1
8.2
Other Required Reserves
.03
.01
2.7
2.5
3.7
0.8
0.1
0.1
Board Reserve
3.8
3.3
5.1
5.2
3.9
4.2
4.4
4.8
TABOR
3.8
3.3
5.1
5.2
3.9
4.2
4.4
4.8 *estimate
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KNOW 13
TABOR (Taxpayer Bill of Rights) Reserves are required by State law. Board reserves are mandated by Board of Education policy.
Greeley-Evans School District 6
Notes
Greeley-Evans School District 6
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Contact Us Board of Education
Roger DeWitt
Logan Richardson
Doug Lidiak
Dr. Julia Richard
President rdewitt@greeleyschools.org 970-673-5462
Past-President dlidiak@greeleyschools.org 970-673-7134
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Vice-President lrichardson2@greeleyschools.org 970-590-7506
Director jrichard@greeleyschools.org 970-351-7256
John W. Haefeli
Director jhaefeli@greeleyschools.org 970-371-0792
Steve Hall
Director shall1@greeleyschools.org 970-302-3999
Rhonda Solis
Director rsolis@greeleyschools.org 970-690-4453
Greeley-Evans School District 6
Administration
Dr. Deirdre Pilch
Wayne Eads
Mandy Hydock
Dr. Kevin Aten
Superintendent dpilch@greeleyschools.org 970-348-6012
Director of Finance mhydock@greeleyschools.org 970-348-6127
Chief Operations Officer waynee@greeleyschools.org 970-348-6012
Chief Human Resources Officer katen@greeleyschools.org 970-348-6070
Dr. Stacie Datteri
Chief Academic Officer sdatteri@greeleyschools.org 970-348-6266
Kathi VanSoest
Executive Director of Student Support Services kvansoest@greeleyschools.org 970-348-6301
Meggan Sponsler
Chief Financial Officer msponsler@greeleyschools.org 970-348-6127
Theresa Myers
Director of Communications tmyers@greeleyschools.org 970-348-6003
Visit, Call or Email Us Greeley-Evans School District 6 Administration Building 1025 Ninth Avenue Greeley, Colorado 80631 970-348-6000 feedback@GreeleySchools.org www.greeleyschools.org
Greeley-Evans WELD COUNTY SCHOOL DISTRICT 6
Download a Leadership Directory for a complete list of Administration at www.greeleyschools.org/leadershipdirectory