Transcript Early Childhood Education & Full Day Kinder August Processing

Denver Public Schools
School Finance ~ A to Z
FY 2010-11
School Finance ~ A to Z
Determining Total Program funding:
Funded Pupil Count
times
Total Per-pupil Funding
plus
At-risk Funding
plus
On-line Funding
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School Finance ~ A to Z
FY 2010-11
Behind the Formula:
DPS’s Per Pupil Revenue
Base Per Pupil Funding
Cost of Living
Personnel
$5,529.71
1,160.66
91.53
Size
164.23
At-Risk
680.14
Per Pupil Revenue ("PPR")
State Budget Stabilization
PPR after State Budget Stabilization
$7,626.21
(372.57)
$7,253.64
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School Finance ~ A to Z
 Per-Pupil Revenue & Amendment 23

A constitutional amendment passed by the state's
voters in 2000. The amendment provides for
minimum levels of increase in the statewide base
per pupil funding amount and in categorical funding
and sets a minimum increase in the state General
Fund appropriation for school finance funding for
public elementary and secondary education.

It requires an annual increase in the base per pupil
funding in the school finance act and total state
funding for categorical programs of at least the
inflation rate plus one percentage point from FY
2000-01 through FY 2011-12 and by the inflation
rate thereafter.
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School Finance ~ A to Z
 Funding Per-pupil Revenue
Two local sources of revenues are incorporated
into the Public School Finance Act: Property
Taxes and Specific Ownership (vehicle
registration) Taxes. Funding for a school district's
Total Program is provided first by local sources of
revenues (the Local Share); if these local sources
are insufficient to fully fund Total Program, state
moneys fund any shortfall.
 Local Share
 Property Taxes
 Specific Ownership Taxes
 State Share
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 Equalization
School Finance ~ A to Z
FY 2010-11
 OTHER FUNDING
 Categorical Program Funding:
 In addition to Total Program funding, districts may
receive state funding to pay for specific programs
designed to serve particular student needs.
Statewide total for 2010-11 = $191M; DPS:
$20.4M


Small Attendance Centers
Special Education
ELPA
Transportation
Gifted and Talented
Vocational Education
Override Revenues: $77M
Bonded Indebtedness: $1,055.1M
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School Finance ~ A to Z
Calculating Your Property Taxes
 The taxable value of your property is a
percentage of the actual value (roughly 7.96%)
and the resulting value is called the “assessed
value.”
 To determine the amount of property taxes,
multiply the assessed value times the decimal
equivalent of the total Mill levy (one tax Mill is
equal to $7.96 on $100,000)
(i) Property Value
x Assessment Rate
(ii) Assessed Value x Mill levy
= Assessed Value
= Property Taxes
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Financial Backdrop:
Total
2010-11
Funded
Per Pupil
School District Pupil Count Revenue
Sheridan
1,459.0 $7,977
Englewood
3,061.9 $6,946
Denver
72,283.9 $7,254
Westminster
11,101.5 $7,031
Commerce City
7,085.8 $7,261
Mapleton
7,256.1 $6,807
Adams 12
42,247.8 $6,624
Cherry Creek
49,567.3 $6,744
Boulder Valley
27,768.7 $6,724
Aurora
34,946.9 $7,101
Littleton
15,052.0 $6,569
Hold
Harmless &
Total
Override Rev Per Pupil
$915 $8,892
$1,088 $8,034
$1,098 $8,352
$716 $7,747
$738 $7,999
$655 $7,462
$842 $7,466
$1,064 $7,808
$1,184 $7,908
$639 $7,740
$963 $7,532
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Ending Fund Balance
Fund Balance as % of Revenue
 General Fund Revenues 2010-2011 in the
Adopted Budget

$657,114,149
 Ending Fund Balance as of June 30, 2010
 $106,198,919
 Ending Fund Balance as a % of Budgeted
Revenue

16.1%
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Observations & Insights

Defining Realities
 Need to “live within our means” potentially at odds
with goal to be nation’s best urban school district
 Revenues from the School Finance Act grow at a
rate less than expenses escalate: e.g. increase in
PPR based upon CPI whereas total compensation
package pressured to increase at some multiple of
the CPI. “Do more with less” may mean “do less
with less”
 Significant number of pupils living within district
boundaries seeking educational opportunities which
are out-of-district
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FISCAL RISKS
 State’s Fiscal Health

Revenue Problems
 Compensation Philosophy




Base Pay
Other Pay Elements, e.g. longevity, education
ProComp
Professional Development
 Benefits


Health Benefits
PERA
 Stakeholder Expectations
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Points To Remember
 School Financing in Colorado is inadequate.
 Increased expenses and decreased revenues
means additional resources are necessary to
maintain programs
 Numerous “value-added” programs are not
funded by school finance (Technology,
Transportation, Security, Second Language
Acquisition, Graduation expectations).
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