Budget and Finance
The Cheyenne Mountain School District continues to place student achievement as a high fiscal priority. Since there is nothing more critical to the success of our students than retaining and recruiting highly qualified teachers, the Board of Education worked diligently to make District 12's teacher pay schedule the most competitive in the Pikes Peak region. The Board was able to accomplish this despite the fact that District 12 continues to be funded far below most other school districts in Colorado.
The District's tradition of excellence extends beyond academics, athletics, and the arts to all facets of the District including its financial operations. The Cheyenne Mountain School District has a proud history of being recognized as a leader in school district financial management, and proudly maintains a credit rating of Aa1, the highest possible rating for any public entity in the state.
In the face of declining student enrollment across the District's elementary schools, future financial challenges for the District will include maintaining the competitive teacher salary position it has established, and keep pace with school districts in the Pikes Peak area that have the advantage of growing student populations and associated revenue. It is also imperative that the District maintains a healthy and stable fiscal position.
Documents Supporting Fiscal Transparency |
Click here to view the fiscal year 2009 independent audit.
Click here to view the most recent month's cash disbursements.
Click here to view the most recent month's detail for the district purchasing cards.
Click here to view the 2009-2010 Adopted Budget.
Click here to view the Potential Areas for General Fund Budget Adjustments (Draft 1.0)
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Fiscal Year 2009 Total Budget: $42,420,470.00
(audited)
General Fund
The largest of the budgets, this covers the expenses of the day-to-day operations of the schools such as salaries, fringe benefits, materials, supplies, utilities, and contingency reserves.
Bond Redemption Fund
Expenditures from this fund pay the principal and interest on general obligation bonds sold to finance school construction.
Charter School Fund
All fiscal activities of the Cheyenne Mountain Charter Academy transpire within this fund, which also receives a transfer from the District's general fund.
Capital Reserve Fund
This fund, by statute, is limited to expenditures for capital purchases such as vehicles, equipment, site acquisition, site improvements, construction, repair, and modification.
Pupil Activity Fund
Student government and many athletic program expenses are paid from this fund.
Insurance Reserve Fund
This fund is used to collect premiums and pay claims for the District's dental insurance program for employees.
Food Services Fund
All costs associated with the school lunch program transpire within this fund .
Building Fund
Established in 1995, expenditures from this fund are related to projects and construction costs associated with the general obligation bond program.
General Fund Revenues & Expenditures
Where the money comes from...
Fiscal Year 2009 General Fund Revenue: $30,778,891.00
(audited)
Where the money goes...
Fiscal Year 2009 General Fund Expenditures: $29,793,479.00
(audited)
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