In order to meet the requirements of Article 44, Title 22 of the Colorado Revised Statutes, the Public School Financial Transparency Act, we have posted the following items on our financial transparency page:
Quarterly Financial Statements
2013/14 Statements
2013/14 Check registers
2011/12 District General Fund Check Registers | 2012/13 District General Fund Check Registers | |
August 2011 | August 2012 | |
September 2011 | September 2012 | |
October 2011 | October 2012 | |
November 2011 | November 2012 | |
December 2011 | December 2012 | |
January 2012 | January 2013 | |
February 2012 | February 2013 | |
March 2012 | March 2013 | |
April 2012 | April 2013 | |
May 2012 | May 2013 | |
June 2012 | June 2013 | |
July 2012 |
2011/12 District: All Other Accounts Not General | 2012/13 District: All Other Accounts Not General | |
August 2011 | August 2012 | |
September 2011 | September 2012 | |
October 2011 | October 2012 | |
November 2011 | November 2012 | |
December 2011 | December 2012 | |
January 2012 | January 2013 | |
February 2012 | February 2013 | |
March 2012 | March 2013 | |
April 2012 | April 2013 | |
May 2012 | May 2013 | |
June 2012 | ||
July 2012 |
July 2012 |
August 2012 |
September 2012 |
October 2012 |
November 2012 |
December 2012 |
January 2013 |
February 2013 |
March 2013 |
April 2013 |
May 2013 |
No Credit Card activity
*15-25% reserve requirement against the previous school years expenses was deemed reasonable based on benchmarking with other charter school reserve policies, which fell within this range. Additionally, Flagstaff is required to maintain an 8% reserve to meet the requirement of the schools bond as well as a 3% TABOR reserve requirement. In the event the category 2 total balance was to exceed 100% of full value for all items Administration has listed as part of category 2, the excess would be transferred to category 1 at the end of the school year.
Category 1 reserve funds are intended to be distributed by the board in the event an unexpected expense was to arise. Examples would be an unexpected major repair of the facility or unexpected legal fees. Category 2 reserve funds are intended to be distributed by staff for repair or replacement of any items as designated per the reserve budget.
Category 2 reserve funds may also be allocated for non-budgeted items as approved by the board.