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 its healthy and stable fiscal position.
| 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 pay insurance premiums, deductibles, and self-insured losses associated with property and liability insurance. | |
| 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. | |
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| State Equalization |
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$16,117,652 |
| Local Property Tax |
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$12,629,561 |
| Other Local Sources |
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$3,082,535 |
| Other State Sources |
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$524,113 |
| Federal Sources |
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$1,160,388 |
| Total Revenue | $33,514,249 | |
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| Instruction |
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$17,725,140 |
| Support Services |
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$9,735,032 |
| Transfers to Other Funds |
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$1,209,709 |
| Transfers to Charter School |
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$4,464,521 |
| Total Expenditures | $33,134,402 | |
