RESOLUTION 1-19-2016 - FY 2015-2016 Revised Budget
DOUGLAS COUNTY SCHOOL DISTRICT RE-1
FISCAL YEAR 2015-2016
REVISED BUDGET RESOLUTION
BE IT RESOLVED by the Board of Education of the Douglas County School District, Douglas and Elbert Counties, State of Colorado, that the amounts set forth in the following schedule be appropriated to each fund as specified in the “Adopted Revised Budget” for the fiscal year beginning July 1, 2015, and ending June 30, 2016:
| Fund | Amount |
| General | 575,714,151 |
| Outdoor Education | 782,879 |
| Full Day Kindergarten | 6,340,201 |
| Risk Insurance | 5,196,365 |
| Transportation | 23,388,493 |
| Capital Projects | 20,488,231 |
| Bond Building | - |
| Certificates of Participation (COP) Building | 8,156,551 |
| Nutrition Services | 17,603,297 |
| Government Puprose Grants | 14,044,767 |
| Child Care (B.A.S.E.) | 16,347,663 |
| Athletics and Activities | 16,316,370 |
| Bond Redemption/Debt Service | 69,682,501 |
| Certificates of Participation (COP) Lease Payments | 4,293,480 |
| Medical Self Insurance | 47,902,660 |
| Short term Disability Insurance | 658,880 |
| Pupil Activity & School Discretionary | 3,138,502 |
| Private Purpose Trusts | 68,200 |
BE IT FURTHER RESOLVED that amounts that were budgeted and appropriated for the 2014-2015 fiscal year and have been authorized to be expended, transferred, reserved, encumbered or, in the case of the Capital Projects Fund and Building Funds, committed for various purposes and projects by Board action for the 2014-2015 fiscal year, and that are unspent or uncompleted during that year be, and hereby are, ratified and re-appropriated for the 2015-2016 fiscal year for such purposes and projects; and
BE IT FURTHER RESOLVED that any and all 2014-2015 fiscal year ending fund and account balances reported, maintained or held by or on behalf of the school district, that are not excluded from “fiscal year spending” under Article X, Section 20 of the Colorado Constitution, are hereby designated, budgeted, and appropriated as “reserves” in the 2015-2016 fiscal year and available for current and subsequent fiscal years’ expenditures, but shall not be considered “emergency reserves” unless otherwise expressly provided in the 2015-2016 fiscal year budget; and
BE IT FURTHER RESOLVED that the adoption of this Budget Resolution shall be deemed to include the irrevocable pledging of present cash reserves as shown in the Revised Budget for the 2015-2016 fiscal year’s payments of the multiple-fiscal year financial obligations authorized or approved by the Board of Education subsequent to November 3, 1992; provided, however, that the Board has specifically not included any amounts in the Revised Budget for fiscal year 2015-2016; and
BE IT FURTHER RESOLVED that the adoption of this Budget Resolution shall be deemed to include the exercise of the school district’s rights, if any, to renew for the 2015-2016 fiscal year all leases, lease purchase agreements, lease agreements with an option to purchase, installment purchase agreements, and other agreements in accordance with their terms that have been authorized or approved by the Board of Education subsequent to November 3, 1992; provided, however, that the Board is specifically not renewing and has not included any amounts in the Revised Budget for fiscal year 2015-2016; and
BE IT FURTHER RESOLVED that the designation “Adopted Budget,” the name of the Douglas County School District Re.1, the date of adoption and the signature of the President of the Board of Education be entered upon the Revised Budget and that the Revised Budget, this Budget Resolution, and the Appropriation Resolution be placed on file at the principal administrative office of the School District, where they shall remain throughout the 2015- 2016 fiscal year and be open for inspection during reasonable business hours.
Revised and approved this 19th day of January, 2016.
DOUGLAS COUNTY SCHOOL DISTRICT RE-1
BOARD OF EDUCATION
By: Meghann Silverthorn, President
ATTEST:
By: Nona Eichelberger
Secretary, Board of Education
