telluride r-1 school district special board meeting€¦ · agenda . 1. call to order 2. roll call...

1

TELLURIDE R-1 SCHOOL DISTRICT

SPECIAL BOARD MEETING Wednesday, May 27, 2020 1:30 PM

Zoom https://telluridek12.zoom.us/j/85093835402?pwd=dzZUa1pPSmp0RVFzc1BkdmM0aFdhZz09

Meeting ID: 850 9383 5402 Password: 1tSCqB

AGENDA

1. Call to Order 2. Roll Call 3. Approval of Agenda 4. Discussion Item(s)

a) FY 2020/2021 Proposed Budget (Wendy) b) Solar/Roof Update (Mike/Ken) c) Capital Projects List (Ken) d) Covid-19 Update (Mike) e) Negotiations Update (Mike)

5. Other 6. Adjourn Special Board Meeting 7. Future Business

June 12, 2020 Work Session (9:00 AM) Bridal Veil Conference Room or Zoom TBD; June 12, 2020 Monthly Board Meeting (11:00 AM) in Bridal Veil Conference Room or Zoom TBD June 29, 2020 FY2020/2021 Budget Adoption and Appropriation Resolution(s)

https://telluridek12.zoom.us/j/85093835402?pwd=dzZUa1pPSmp0RVFzc1BkdmM0aFdhZz09

TELLURIDE SCHOOL DISTRICT R-1 PROPOSED BUDGET FY 20-21

MAY 2020

WHEREAS, C.R.S. 22-44-105 states that a budget, duly adopted pursuant to this article,shall not provide for expenditures, interfund transfers, or reserves, in excess of availablerevenues and beginning fund balance.

WHEREAS, the Board of Education may authorize the use of a portion of the beginningfund balance in the budget, stating the amount to be used, the purpose for which theexpenditure is needed, and the district's plan to ensure that the use of the beginning fundbalance will not lead to an ongoing deficit.

WHEREAS, the Board of Education has determined the beginning fund balances in the state of Colorado

are sufficient to allow for the one-time expenditures and the action will not lead to an ongoing deficitNOW, THEREFORE, BE IT RESOLVED:IN ACCORDANCE with C.R.S. 22-44-105, the Board of Education authorizes the use

of a portion of the FY2018-19 beginning fund balance for the following funds:Fund utilizing Beginning Fund Balance and reason AmountGeneral Fund - expenditures 1,157,619 Colorado Preschool Fund - expenditures 27,610 Food Service Fund - expenditures 31,926 Pupil Activity - expenditures 67,463 Transportation Fund - expenditures 78,216 Affordable Housing Fund - expenditures 52,160 Capital Projects - Boiler for TES 855,000 BE IT FURTHER RESOLVED, the use of this portion of these beginning fund balances

for the purpose/s set forth above will not lead to ongoing deficits in the funds.Adopted this day June 29, 2020

Telluride School District R-1

Signature, President of the Board in accordance with 22-44-110(4).

Be it resolved by the Board of Education of Telluride School District R-1 in San Miguel County,Colorado, that the amounts shown in the following schedule be appropriated toeach fund as specified in the "Adopted Budget" for the current fiscal year beginning July 1, 2019and ending June 30, 2020.

APPROPRIATIONFUND AMOUNTGeneral Fund

General Fund 15,099,290Pre-School Fund CPP 183,354

Special Revenue Funds:Food Service Special Revenue Fund 392,526Pupil Activity Special Revenue Fund 498,363Transportation Fund 296,416Affordable Housing Fund 240,060MD Palm Fund 106,855

Bond Redemption Fund Bond Redemption Fund 1,733,750

Capital Projects Funds: Capital Reserve Capital Projects Fund 950,000

TOTAL APPROPRIATION 19,500,614June 29, 2020

Signature, President of the Board in accordance with 22-44-110(4).

RESOLUTIONAUTHORIZING THE USE OF A PORTION OF BEGINNING FUND BALANCE AS AUTHORIZED BY

COLORADO STATUTES

APPROPRIATION RESOLUTION

Telluride School District Budget 2020-2021 Resolutions Appropriations

General Fund

General Fund

Colorado Preschool

Fund

Nutrition Services

Fund

Athletics and

Student Activities

Fund

Transpor-tation Fund

Housing Fund

MD Palm Fund Bond Fund

Capital Projects

Fund

Budget for 2020-2021

Total

BEGINNING FUND BALANCE ESTIMATED 5,296,779 35,604 111,832 123,646 229,027 600,030 24,950 2,183,755 1,780,268 10,628,562 GASB 84 242,671 GF Revenue Property Taxes 4,434,412 - - - 185,000 - - 1,800,000 - 6,419,412 Specific Ownership Taxes 234,273 - - - 9,000 - - 80,000 - 323,273 State Equalization 5,140,983 - - - - - - - - 5,140,983 MLO Property Taxes 3,162,120 - - - - - - - - 3,162,120 Other Local and County Revenue 509,858 - 152,000 250,900 - 187,900 56,855 15,000 95,000 1,267,513

Other State Revenue 333,878 - 8,600 - 24,200 - - - - 366,678 Federal Revenue 126,147 - 50,000 - - - - - - 176,147 Total Revenue 13,941,671 - 210,600 250,900 218,200 187,900 56,855 1,895,000 95,000 16,856,126

GF ExpendituresSalaries 8,489,440 96,772 143,474 131,028 117,541 - 78,775 - - 9,057,030 Benefits 3,011,695 32,582 46,427 39,535 41,314 - 28,080 - - 3,199,633 Purchased Services 1,984,373 45,000 15,050 188,000 91,561 18,560 - - - 2,342,544 Supplies 814,107 2,000 183,575 123,800 46,000 30,000 - - - 1,199,482 Debt Service - - - - - 191,500 - 1,733,750 - 1,925,250 Property (Equipment) 231,806 - 4,000 16,000 - - - - 950,000 1,201,806 Other 32,125 7,000 - - - - - - - 39,125 Total Expenditures 14,563,546 183,354 392,526 498,363 296,416 240,060 106,855 1,733,750 950,000 18,964,870

Transfers In - 155,744 150,000 180,000 - - 50,000 - - 535,744 Transfers Out (535,744) - - - - - - - - (535,744) Total Transfers and Allocations (535,744) 155,744 150,000 180,000 - - 50,000 - - -

NET CHANGE IN FUND BALANCE (1,157,619) (27,610) (31,926) (67,463) (78,216) (52,160) - 161,250 (855,000) (2,108,744)

ENDING FUND BALANCE 4,139,160 7,994 79,906 298,854 150,811 547,870 24,950 2,345,005 925,268 8,519,818

APPROPRIATION for spending 15,099,290 183,354 392,526 498,363 296,416 240,060 106,855 1,733,750 950,000 19,500,614

APPROPRIATION for use of BFB 1,157,619 27,610 31,926 67,463 78,216 52,160 - - 855,000 2,269,994

School Finance Act

Telluride School District Budget 2020-2021 All Funds Summary

General Fund Actual Audited FY18-19

Current Budget FY19-20

Estimated FY19-20

Proposed Budget FY20-21

Percent Change Budget

to Budget

BEGINNING FUND BALANCE 3,681,255 4,584,791 4,584,791 5,296,779

GF Revenue Property Taxes Abatements, etc (768) 35,000 53,000 15,000 Property Taxes 4,929,122 5,058,626 5,058,626 4,432,912 Specific Ownership Taxes 346,682 233,677 275,000 234,273 State Equalization 4,901,746 5,064,650 5,064,650 5,140,983 Flat enrollment $300 PPR inc/yr MLO 98% coll 2% prop val inc/yr 3,067,858 3,038,000 3,000,000 3,162,120 Small Rural Schools 259,000 72,751 72,000 -

Interest Income 140,379 100,000 102,400 70,000 Facility Rental Income 150,538 122,000 98,000 25,000 Palm Reimbursement 28,840 27,158 27,158 27,158 Other Revenue 1,089,148 1,115,300 1,137,842 834,225 Total Revenue 14,912,545 14,867,162 14,888,676 13,941,671 -6.23%

GF ExpendituresInstructional 7,953,578 9,174,836 8,115,500 8,873,760 Student Support 732,506 831,724 814,200 867,613 Instructional Support 957,901 1,365,661 1,201,900 1,290,169 General Administration 440,102 576,088 508,000 497,715 School Administration 786,984 874,668 795,615 792,500 Business Office 324,487 339,582 316,820 301,309 Operations & Maintenance 941,936 1,046,790 1,032,137 1,077,305 Utilities 358,741 434,000 368,000 434,000 Central Services 337,551 396,149 370,775 429,175 Other 2,101 - - - Total Expenditures 12,835,887 15,039,498 13,522,947 14,563,546 -3.16%

Transfers In (59,426) - - - Transer increase Fund 21, 23 Salary & Be - - - - Transfers Out 1,032,662 445,000 445,000 380,000 Allocations Out 199,886 208,741 208,741 155,744 Total Transfers and Allocations 1,173,122 653,741 653,741 535,744 -18.05%

NET CHANGE IN FUND BALANCE 903,536 (826,077) 711,988 (1,157,619)

ENDING FUND BALANCE 4,584,791 3,758,714 5,296,779 4,139,160 APPROPRIATION for spending 15,693,239 15,099,290 APPROPRIATION for use of beginning fund balance 826,077 1,157,619 Recommended Fund Balance 3 mo expenditures 3,923,310 3,774,823

School Finance Act

Telluride School District Budget 2020-2021 Summary by Program



Estimated FY19-20


Percent Change

Budget to Budget


GF Revenue Property Taxes Abatements, etc (768) 35,000 53,000 15,000 Property Taxes 4,929,122 5,058,626 5,058,626 4,432,912 Specific Ownership Taxes 346,682 233,677 275,000 234,273 State Equalization 4,901,746 5,064,650 5,064,650 5,140,983 Flat enrollment $300 PPR inc/yr - MLO 30% Total Program 90% collectio 3,067,858 3,038,000 3,000,000 3,162,120 Small Rural Schools 259,000 72,751 72,000 -

Interest/Dividend Income 140,379 100,000 102,400 70,000 Facility Rental Income 150,538 122,000 98,000 25,000 Palm Reimbursement 28,840 27,158 27,158 27,158 Other Revenue 1,089,148 1,115,300 1,137,842 834,225 Total Revenue 14,912,545 14,867,162 14,888,676 13,941,671 -6.23%

GF ExpendituresSalaries 7,857,246 8,660,300 8,294,200 8,489,440 Benefits 2,625,748 3,289,656 2,780,000 3,011,695 Purchased Services 1,498,014 1,995,803 1,526,500 1,984,373 Supplies 694,644 829,908 688,465 814,107 Property (Equipment) 145,529 235,806 207,772 231,806 Other 14,706 28,025 26,010 32,125 Total Expenditures 12,835,887 15,039,498 13,522,947 14,563,546 -3.16%

Transfers In (59,426) - - - Transfers Out 1,032,662 445,000 445,000 380,000 Allocations Out 199,886 208,741 208,741 155,744 Total Transfers and Allocations 1,173,122 653,741 653,741 535,744 -18.05%

NET CHANGE IN FUND BALANCE 903,536 (826,077) 711,988 (1,157,619)

ENDING FUND BALANCE 4,584,791 3,758,714 5,296,779 4,139,160 APPROPRIATION for spending 15,693,239 15,099,290 APPROPRIATION for use of beginning fund balance 826,077 1,157,619 Recommended Fund Balance 3 mo expenditures 3,923,310 3,774,823

School Finance Act

Telluride School District Budget 2020-2021 Summary by Object

General Fund Revenue

Actual Audited FY18-19


Estimated FY19-20


Percent Change

Budget to Budget

Property Taxes SFA 4,929,122 5,058,626 5,058,626 4,432,912 Property Taxes Delinquent 17,193 15,000 15,000 15,000 Property Taxes Abatements (17,961) 20,000 38,000 - Specific Ownership Taxes SFA 346,682 233,677 275,000 234,273 Mill Levy Override 3,067,858 3,038,000 3,000,000 3,162,120 Preschool Tuition 119,326 65,000 76,000 70,000 Kindergarten Tuition 79,260 - - - Interest Income 124,113 100,000 90,000 70,000 Dividend Income 14,863 - 12,400 - Fees Various 24,572 93,644 84,500 79,000 Facility Rentals 150,538 122,000 98,000 25,000 Local Grants 101,986 68,451 80,244 - UNBOCES Contribution 90,395 172,000 172,200 172,200 Palm Reimbursement Facilities 10,482 27,158 27,158 27,158 Indirect Cost Revenue 7,023 7,000 7,000 7,000 Miscellaneous Income 8,427 2,000 22,800 2,000 ERATE Project 9,920 43,000 13,100 18,000 Local Revenues 9,083,799 9,065,557 9,070,028 8,314,663 -8.28%

Mineral Lease 1,260 1,000 1,000 1,000 Public School Lands 317 28,681 28,681 25,000 PILT 35,040 - - - County Revenues 36,617 29,681 29,681 26,000 -12.40%

State Grants 259,519 135,284 198,800 - CTE Funding 47,066 50,000 50,000 50,000 Small Rural Schools 259,000 72,751 72,000 - Small Rural Schools Carryover - - - - PERA On Behalf Revenue 180,362 283,878 283,878 283,878 State Equalization SFA 4,959,252 5,064,650 5,064,650 5,140,983 State Equalization Audit (57,507) - - - ESSER Prelim Funding - - - - State Revenues 5,647,692 5,606,563 5,669,328 5,474,861 -2.35%

Telluride School District Budget 2020-2021 GF Revenue Detail

General Fund Revenue

Actual Audited FY18-19


Estimated FY19-20


Percent Change

Budget to Budget

Title I 4010 70,279 66,942 66,942 73,453 Title III A FormulaTitle II 4367 17,659 14,801 14,801 18,647 Title IV 4424 10,000 10,000 10,000 10,000 Title III Immigrant - - - SRSA Title VI Rural Ed 7358 - - - Title III Part A 7365 2,277 703 703 - Perkins 3120 11,426 17,137 17,137 15,000 SRSA - REAP 4358 22,705 45,722 - - Nat School Lunch Equipment 1,712 1,646 1,646 - Title III Flow Through 4365 8,379 8,410 8,410 9,047 Fed Gov Coronavirus Relief Dist - - - - Federal Revenues 144,437 165,361 119,639 126,147 -23.71%

Total Reveneus 14,912,545 14,867,162 14,888,676 13,941,671 -6.23%

Transfers from CPP ECARE 59,426 - - - Transfers to Food Service (155,000) (165,000) (165,000) (150,000) Transfers to Athletics/Activities (210,000) (230,000) (230,000) (180,000) Transfers to Transportation - - - - Transfers to Palm (48,162) (50,000) (50,000) (50,000) Transfers from Building - - - - Allocation to CPP (199,886) (208,741) (208,741) (155,744) Transfer to Capital Projects (619,500) - - - Allocation and Transfers (1,173,122) (653,741) (653,741) (535,744) -18.05%

Revenue less transfers and allocations 13,739,423 14,213,420 14,234,935 13,405,927 -5.68%

Budget 2020-2021 prepared with a decline of 16 students for the School Finance Act Revenue.Per Pupil Revenue PPR 11,283.31$ 11,283.31$ 10,740.99$ INCREASE/(DECREASE) 478.66$ 478.66$ (542.32)$ Averaged Funded Pupil Count 899.3 899.3 898.1Full Day K Factor 0.1 0.1 0CPP Funded Pupil Count 18.5 18.5 14.5Funded Pupil Count 917.9 917.9 898.1

Telluride School District Budget 2020-2021 GF Revenue Detail



Estimated FY19-20


Percent Change

Budget to Budget

Instructional Salaries 5,593,793 6,104,655 5,800,000 6,021,422 Benefits 1,798,944 2,279,485 1,870,000 2,067,132 Purchased Services 244,161 386,940 165,000 383,400 Supplies 244,037 295,425 185,000 290,875 Property (Equipment) 70,272 97,806 83,500 97,806 Other 2,371 10,525 12,000 13,125 Total Instructional 7,953,578 9,174,836 8,115,500 8,873,760 -3.28%

Student SupportSalaries 394,250 482,465 493,200 517,003 Benefits 141,760 180,790 177,000 197,966 Purchased Services 182,538 152,815 136,000 134,790 Supplies 13,003 15,654 8,000 17,854 Property (Equipment) 955 - - Other - - - Total Student Support 732,506 831,724 814,200 867,613 4.32%

Instructional SupportSalaries 533,317 648,825 625,000 616,011 Benefits 163,095 229,716 205,000 223,304 Purchased Services 182,799 333,584 231,200 301,818 Supplies 19,421 21,536 25,000 23,036 Property (Equipment) 59,269 132,000 115,700 126,000 Other - - - Total Instructional Support 957,901 1,365,661 1,201,900 1,290,169 -5.53%

General Administration Salaries 226,249 247,920 246,000 223,608 Benefits 87,653 105,818 95,000 78,257 Purchased Services 110,673 200,800 151,000 168,800 Supplies 4,738 8,050 4,000 10,050 Property (Equipment) 393 - 2,000 Other 10,396 13,500 12,000 15,000 Total General Administration 440,102 576,088 508,000 497,715 -13.60%

School AdministrationSalaries 545,990 581,675 560,000 532,390 Benefits 236,825 276,117 230,000 240,234 Purchased Services 2,495 7,500 300 7,500 Supplies 315 6,376 2,000 9,376 Property (Equipment) - - 2,100 - Other 1,359 3,000 1,215 3,000 Total School Administration 786,984 874,668 795,615 792,500 -9.39%

Telluride School District Budget 2020-2021 GF Expenditures



Estimated FY19-20


Percent Change

Budget to Budget

Business OfficeSalaries 223,997 212,820 210,000 194,848 Benefits 80,537 81,136 73,000 70,035 Purchased Services 14,631 38,500 30,000 29,300 Supplies 3,760 6,126 3,500 6,126 Property (Equipment) 1,482 - - - Other 80 1,000 320 1,000 Total Business Office 324,487 339,582 316,820 301,309 -11.27%

Operations & MaintenanceSalaries 255,377 306,220 280,000 302,158 Benefits 92,646 108,552 105,000 104,249 Purchased Services 237,488 185,353 200,000 221,173 Custodial Purchased Services 241,421 275,000 275,000 300,000 Supplies 105,888 165,665 165,665 143,725 Property (Equipment) 9,116 6,000 6,472 6,000 Other - - - Total Operations & Maintenance 941,936 1,046,790 1,032,137 1,077,305 2.92%

UtilitiesPurchased Services 62,720 125,000 88,000 125,000 Supplies 296,021 309,000 280,000 309,000 Total Instructional 358,741 434,000 368,000 434,000 0.00%

Central ServicesSalaries 83,959 75,720 80,000 82,000 Benefits 24,213 28,042 25,000 30,518 Purchased Services 219,088 290,311 250,000 312,592 Supplies 7,461 2,076 15,300 4,065 Property (Equipment) 2,330 - - Other 500 - 475 - Total Central Services 337,551 396,149 370,775 429,175 8.34%

Other Salaries 314 - - - Benefits 75 - - - Property (Equipment) 1,712 - - - Total Other Support 2,101 - - -

Telluride School District Budget 2020-2021 GF Expenditures

Colorado Preschool Program Actual Audited FY18-19


Estimated FY19-20



to Budget

BEGINNING FUND BALANCE 108,424 37,863 37,863 35,604

Revenue See Allocations from GF - - Total Revenue - - 0.00%

ExpendituresSalaries 109,677 129,516 125,000 96,772 Benefits 36,499 40,046 38,000 32,582 Purchased Services 48,597 45,000 40,000 45,000 Supplies 9,225 2,000 1,000 2,000 Property (Equipment) - - - Indirect Cost to GF 7,023 7,000 7,000 7,000 Total Expenditures 211,021 223,562 211,000 183,354 -17.99%

Transfers to GF for ECARE Kindergarten 59,426 - Allocation from General Fund 199,886 208,741 208,741 155,744 Net Transfers and Allocations 140,460 208,741 208,741 155,744 -25.39%

NET CHANGE IN FUND BALANCE (70,561) (14,821) (2,259) (27,610)

ENDING FUND BALANCE 37,863 23,042 35,604 7,994 APPROPRIATION for spending 223,562 183,354 APPROPRIATION for use of beginning fund balance 14,821 27,610

Nutritional Services Fund Actual Audited FY18-19


Estimated FY19-20



to Budget


RevenueLunch Sales 153,094 150,000 150,500 150,000 Kitchen Rentals 7,340 5,900 3,500 2,000 State Support 16,033 8,600 8,600 8,600 Federal Support 86,905 65,000 40,800 50,000 Total Revenue 263,372 229,500 203,400 210,600 -8.24%

ExpendituresSalaries 152,219 177,260 157,000 143,474 Benefits 51,047 60,097 47,000 46,427 Purchased Services 12,016 11,350 6,600 15,050 Supplies 174,409 180,525 115,000 183,575 Property (Equipment) 1,433 19,000 3,300 4,000 Total Expenditures 391,124 448,232 328,900 392,526 -12.43%

Transfers to General Fund - - - Transfers from General Fund 155,000 165,000 165,000 150,000 Net Transfers and Allocations 155,000 165,000 165,000 150,000 -9.09%

NET CHANGE IN FUND BALANCE 27,248 (53,732) 39,500 (31,926)


Telluride School District Budget 2020-2021 Other Funds

Athletics and Student Activites Special Revenue Fund (now includes the previous Fund 74) Actual Audited

FY18-19


Estimated FY19-20



to Budget


RevenueGate Revenue 2,100 2,000 1,700 1,500 Fee Revenue 39,190 40,000 30,000 35,000 TYLA LaCrosse 20,744 19,328 12,300 10,000 State Sources 3,544 4,420 4,400 4,400 Total Revenue 65,578 65,748 48,400 50,900 -22.58%

ExpendituresSalaries 110,770 156,955 115,000 130,028 Benefits 31,129 44,705 31,000 39,235 Purchased Professional Services 83,195 25,000 24,500 31,500 Purchased Services Travel - 55,000 25,000 56,500 Supplies 27,753 35,000 28,000 35,100 Property (Equipment) 1,871 6,615 5,500 6,000 Other - - -

Total Expenditures 254,718 323,275 229,000 298,363 -7.71%

Transfers from General Fund 210,000 230,000 230,000 180,000 Net Transfers and Allocations 210,000 230,000 230,000 180,000 -21.74%

NET CHANGE IN FUND BALANCE 20,860 (27,527) 49,400 (67,463)


BEGINNING FUND BALANCE (old Fund 74 now 23) - - - 242,671

RevenuePreviously Fund 74 Revenue 230,000 151,000 200,000

Total Revenue 230,000 151,000 200,000 -13.04%

ExpendituresPreviously Fund 74 Supplies 230,000 - - Salaries 800 1,000 Benefits 200 300 Purchased Services 64,000 100,000 Supplies 50,000 88,700 Property (Equipment) 36,000 10,000

Total Expenditures 230,000 151,000 200,000 -13.04%

Transfers from Fund 74 - 242,671 242,671 -

NET CHANGE IN FUND BALANCE - 242,671 242,671 242,671

ENDING FUND BALANCE - 242,671 242,671 242,671 APPROPRIATION for spending 230,000 200,000 APPROPRIATION for use of beginning fund balance -


Transportation Fund Actual Audited FY18-19


Estimated FY19-20



to Budget


RevenueProperty Taxes 184,600 185,000 185,000 185,000 Specific Ownership Taxes 8,960 9,000 9,000 9,000 Miscellaneous Revenue 14,935 - Small Rural Schools Revenue 165,000 165,000 - State Reimbursement 24,534 20,000 30,233 20,000 Other State - 4,222 4,222 4,200 CDE Audit Adjustment - - - - Total Revenue 233,029 383,222 393,455 218,200 -43.06%

ExpendituresSalaries 113,506 133,322 103,000 117,541 Benefits 52,794 45,592 36,000 41,314 Purchased Services 33,726 106,345 106,000 91,561 Supplies 36,144 42,000 42,000 46,000 Property (Equipment) - - - Buses - 150,000 149,480 - Total Expenditures 236,170 477,259 436,480 296,416 -37.89%



Affordable Housing Fund Actual Audited FY18-19


Estimated FY19-20



to Budget

BEGINNING FUND BALANCE 1,663,327 679,140 679,140 600,030

RevenueRental Revenue 94,500 187,800 150,000 187,800 Interest Revenue 11,650 500 100 100 Sale of Capital Projects - - - Certificates of Participation - - - Total Revenue 106,150 188,300 150,100 187,900 -0.21%

ExpendituresLegal and Banking Fees - 2,000 2,500 2,500 HOA Dues 5,628 14,060 14,060 15,060 Repair, Maintenance, & Supplies 18,905 30,000 25,000 31,000 Housing for staff 3,222 - - - Housing New Development 959,786 - - - COP Principal Payments - 95,000 95,000 100,000 COP Interest Payments 94,150 92,725 92,650 91,500 Housing Debt Issuance Costs 8,646 - - - Total Expenditures 1,090,337 233,785 229,210 240,060 2.68%




MD Palm Fund Actual Audited FY18-19


Estimated FY19-20



to Budget


RevenuePalm Arts Contribution 48,759 68,790 54,775 54,575 State Sources 3,286 2,280 2,280 2,280 Total Revenue 52,045 71,070 57,055 56,855 -20.00%

ExpendituresSalaries 78,456 90,775 79,775 78,775 Benefits 18,465 28,015 25,000 25,800 Other Salaries - - - - Other Benefits 3,286 2,280 2,280 2,280 Other Expenditures - - - Total Expenditures 100,207 121,070 107,055 106,855 -11.74%

Transfers to General Fund - - - Transfers from General Fund 48,162 50,000 50,000 50,000 Net Transfers and Allocations 48,162 50,000 50,000 50,000 0.00%

NET CHANGE IN FUND BALANCE - - - -

ENDING FUND BALANCE 24,950 24,950 24,950 24,950 APPROPRIATION for spending 121,070 106,855 APPROPRIATION for use of beginning fund balance - -

Bond Redemption Fund Actual Audited FY18-19


Estimated FY19-20



to Budget


RevenueBond Redemption Property Tax 1,776,633 1,810,000 1,800,000 1,800,000 Del. Penalties & Interest on Taxes (218) 4,000 4,048 - Bond Specific Ownership Tax 88,312 80,000 80,000 80,000 Earnings on Investments 24,948 15,000 19,000 15,000 Total Revenue 1,889,675 1,909,000 1,903,048 1,895,000 -0.73%

ExpendituresPrincipal Payments 810,000 830,000 830,000 860,000 Interest Payments 935,200 911,850 911,850 873,750 Bond Maintenance Fees - 1,500 - - Total Expenditures 1,745,200 1,743,350 1,741,850 1,733,750 -0.55%

Transfers to General Fund - - - - Transfers from General Fund - - - - Net Transfers and Allocations - - - -

NET CHANGE IN FUND BALANCE 144,475 165,650 161,198 161,250

ENDING FUND BALANCE 2,022,557 2,188,207 2,183,755 2,345,005 APPROPRIATION for spending 1,743,350 1,733,750 APPROPRIATION for use of beginning fund balance - -


Capital Projects Fund Actual Audited FY18-19


Estimated FY19-20



to Budget

BEGINNING FUND BALANCE 1,306,278 2,033,268 2,033,268 830,268 Boiler Carryover 950,000

RevenueSolar Electric Credits 107,490 95,000 97,000 95,000 Small Rural School 222,552 Total Revenue 330,042 95,000 97,000 95,000 0.00%

ExpendituresTES Boiler Engineering Evaluation - 10,000 - - TES Boiler Expenditures 222,552 1,300,000 350,000 950,000 Bus Garage Charging Panel 10,100 10,730 Total Expenditures 222,552 1,320,100 350,000 950,000 -28.04%

Transfers to General Fund - - - - Transfers from General Fund 619,500 - - - Net Transfers and Allocations 619,500 -

NET CHANGE IN FUND BALANCE 726,990 (1,225,100) (253,000) (855,000)

ENDING FUND BALANCE 2,033,268 808,168 1,780,268 925,268 APPROPRIATION for spending 1,320,100 950,000 APPROPRIATION for use of beginning fund balance 1,225,100 855,000

Student Activities Actual Audited FY18-19


Estimated FY19-20



to Budget

BEGINNING FUND BALANCE 235,231 242,671 242,671 -

RevenueActivity Fees and Contributions 152,827 - - - Total Revenue 152,827 - - -

ExpendituresPupil Activities 145,387 - - Total Expenditures 145,387 - - -

Transfers to Fund 23 - (242,671) (242,671) - Net Transfers and Allocations - (242,671) (242,671)

NET CHANGE IN FUND BALANCE 7,440 (242,671) (242,671) -

ENDING FUND BALANCE 242,671 - - - APPROPRIATION for spending - - APPROPRIATION for use of beginning fund balance 242,671 -


Fees for School Year 2020 - 2021

ProposedFees Fees

School Fee Status SY19-20 SY20-21

THS Chromebook Fee Same 50$ 50$ AP Fees Test Fees - per test Same 93$ 93$ AP Book Fees - Actual Cost Varies varies variesClass Fee - Photography Same 35$ 35$ Class Fee - Art Same 35$ 35$ Athletic Fee per sport no cap Same 150$ 150$ Senior Fee Same 60$ 60$ Junior Fee Same 50$ 50$ Sophmore Fee Same 25$ 25$ Freshman Fee Same 25$ 25$

TMS Chromebook Fee - 8th grade Same 50$ 50$ Chromebook Fee - 7th grade Same 50$ 50$ Athletic Fee per sport no cap Same 50$ 50$ 8th Grade Fee Same 50$ 50$ 7th Grade Fee Same 25$ 25$

TIS iPad Fee Same 25$ 25$

Lunch Fees Change 3.30$ 3.30$

Telluride School DistrictBudget 2020-2021 Fees

FY2020-2021 SUMMARY BUDGET

Telluride School District R-1District Code: 2830 Adopted: June 29, 2020Adopted BudgetBudgeted Pupil Count: 898.1 10 General Fund

19 Preschool and Kindergarten

21 Food Service

23 Pupil Activity

25 Transportation

28 Affordable Housing

29 Palm Theatre

31 Bond

Redemption

43 Capital Reserve Capital

Projects TOTAL Beginning Fund Balance Estimated(Includes All Reserves) 5,296,779 35,604 111,832 366,317 229,027 600,030 24,950 2,183,755 1,780,268 10,628,562 Revenues

Local Sources1000 - 1999 8,314,663 - 152,000 246,500 194,000 187,900 54,575 1,895,000 95,000 11,139,638

Intermediate Sources2000 - 2999 26,000 - - - - - - - - 26,000

State Sources3000 - 3999 5,474,861 - 8,600 4,400 24,200 - 2,280 - - 5,514,341

Federal Sources4000 - 4999 126,147 - 50,000 - - - - - - 176,147

Total Revenues 13,941,671 - 210,600 250,900 218,200 187,900 56,855 1,895,000 95,000 16,856,126 Total Beginning Fund Balance and Reserves 19,238,450 35,604 322,432 617,217 447,227 787,930 81,805 4,078,755 1,875,268 27,484,688 Total Allocations To/From Other Funds 5600,5700,

5800 (155,744) 155,744 - - - - - - - - Transfers To/From Other Funds

5200 - 5300 (380,000) - 150,000 180,000 - - 50,000 - - - Other Sources 5100,5400,

5500,5900, 5990, 5991 - - - - - - - - - -

Available Beginning Fund Balance & Revenues (Plus Or Minus (If Revenue) Allocations And Transfers) 18,702,706 191,348 472,432 797,217 447,227 787,930 131,805 4,078,755 1,875,268 27,484,688 Expenditures Instruction - Program 0010 to 2099

Salaries 0100 6,021,422 96,772 - 90,000 - - - - - 6,208,194 Employee Benefits 0200 2,067,132 32,582 - 25,615 - - - - - 2,125,329

Purchased Services 0300,0400, 0500 383,400 45,000 - 188,000 - - - - - 616,400 Supplies and Materials 0600 290,875 2,000 - 123,800 - - - - - 416,675 Property 0700 97,806 - - 16,000 - - - - - 113,806 Other 0800, 0900 13,125 7,000 - - - - - - - 20,125

Total Instruction 8,873,760 183,354 - 443,415 - - - - - 9,500,529 Supporting Services Students - Program 2100

Salaries 0100 517,003 - - - - - - - - 517,003 Employee Benefits 0200 197,966 - - - - - - - - 197,966

Purchased Services 0300,0400, 0500 134,790 - - - - - - - - 134,790 Supplies and Materials 0600 17,854 - - - - - - - - 17,854 Property 0700 - - - - - - - - - - Other 0800, 0900 - - - - - - - - - -

Total Students 867,613 - - - - - - - - 867,613

Telluride Scool District Budget 2020-2021 Uniform Budget Summary




21 Food Service

23 Pupil Activity

25 Transportation


29 Palm Theatre

31 Bond

Redemption


Projects TOTAL

Instructional Staff - Program 2200 Salaries 0100 616,011 - - 41,028 - - - - - 657,039 Employee Benefits 0200 223,304 - - 13,920 - - - - - 237,224

Purchased Services 0300,0400, 0500 301,818 - - - - - - - - 301,818 Supplies and Materials 0600 23,036 - - - - - - - - 23,036 Property 0700 126,000 - - - - - - - - 126,000 Other 0800, 0900 - - - - - - - - - -

Total Instructional Staff 1,290,169 - - 54,948 - - - - - 1,345,117 General Administration - Program 2300, including Program 2303 and 2304


Purchased Services 0300,0400, 0500 168,800 - - - - - - - - 168,800 Supplies and Materials 0600 10,050 - - - - - - - - 10,050 Property 0700 2,000 - - - - - - - - 2,000 Other 0800, 0900 15,000 - - - - - - - - 15,000

Total School Administration 497,715 - - - - - - - - 497,715 School Administration - Program 2400


Purchased Services 0300,0400, 0500 7,500 - - - - - - - - 7,500 Supplies and Materials 0600 9,376 - - - - - - - - 9,376 Property 0700 - - - - - - - - - - Other 0800, 0900 3,000 - - - - - - - - 3,000

Total School Administration 792,500 - - - - - - - - 792,500 Business Services - Program 2500, including Program 2501


Purchased Services 0300,0400, 0500 29,300 - - - - - - - - 29,300 Supplies and Materials 0600 6,126 - - - - - - - - 6,126 Property 0700 - - - - - - - - - - Other 0800, 0900 1,000 - - - - - - - - 1,000

Total Business Services 301,309 - - - - - - - - 301,309





21 Food Service

23 Pupil Activity

25 Transportation


29 Palm Theatre

31 Bond

Redemption


Projects TOTAL Operations and Maintenance - Program 2600


Purchased Services 0300,0400, 0500 646,173 - - - - 18,560 - - - 664,733 Supplies and Materials 0600 452,725 - - - - 30,000 - - - 482,725 Property 0700 6,000 - - - - - - - - 6,000 Other 0800, 0900 - - - - - - - - - -

Total Operations and Maintenance 1,511,305 - - - - 48,560 - - - 1,559,865 Student Transportation - Program 2700

Salaries 0100 - - - - 117,541 - - - - 117,541 Employee Benefits 0200 - - - - 41,314 - - - - 41,314 Purchased Services 0300,0400,

0500 - - - - 91,561 - - - - 91,561 Supplies and Materials 0600 - - - - 46,000 - - - - 46,000 Property 0700 - - - - - - - - - - Other 0800, 0900 - - - - - - - - - -

Total Student Transportation - - - - 296,416 - - - - 296,416 Central Support - Program 2800, including Program 2801


Purchased Services 0300,0400, 0500 312,592 - - - - - - - - 312,592 Supplies and Materials 0600 4,065 - - - - - - - - 4,065 Property 0700 - - - - - - - - - - Other 0800, 0900 - - - - - - - - - -

Total Central Support 429,175 - - - - - - - - 429,175 Food Service Operations - Program 3100

Salaries 0100 - - 143,474 - - - - - - 143,474 Employee Benefits 0200 - - 46,427 - - - - - - 46,427

Purchased Services 0300,0400, 0500 - - 15,050 - - - - - - 15,050 Supplies and Materials 0600 - - 183,575 - - - - - - 183,575 Property 0700 - - 4,000 - - - - - - 4,000 Other 0800, 0900 - - - - - - - - - -

Total Other Support - - 392,526 - - - - - - 392,526





21 Food Service

23 Pupil Activity

25 Transportation


29 Palm Theatre

31 Bond

Redemption


Projects TOTAL Community Services - Program 3300

Salaries 0100 - - - - - - 78,775 - - 78,775 Employee Benefits 0200 - - - - - - 28,080 - - 28,080

Purchased Services 0300,0400, 0500 - - - - - - - - - - Supplies and Materials 0600 - - - - - - - - - - Property 0700 - - - - - - - - - - Other 0800, 0900 - - - - - - - - - -

Total Community Services - - - - - - 106,855 - - 106,855 Total Supporting Services 5,689,786 - 392,526 54,948 296,416 48,560 106,855 - - 6,589,091

Property - Program 4000 Salaries 0100 - - - - - - - - - - Employee Benefits 0200 - - - - - - - - - -

Purchased Services 0300,0400, 0500 - - - - - - - - 950,000 950,000 Supplies and Materials 0600 - - - - - - - - - - Property 0700 - - - - - - - - - - Other 0800, 0900 - - - - - - - - - -

Total Property - - - - - - - - 950,000 950,000 Other Uses - Program 5000s - including Transfers Out and/or Allocations Out as an expenditure

Salaries 0100 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AEmployee Benefits 0200 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Purchased Services 0300,0400, 0500 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/ASupplies and Materials 0600 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AProperty 0700 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/AOther 0800, 0900 - - - - - 191,500 - 1,733,750 - 1,925,250

Total Other Uses - - - - - 191,500 - 1,733,750 - 1,925,250 Total Expenditures 14,563,546 183,354 392,526 498,363 296,416 240,060 106,855 1,733,750 950,000 18,964,870 APPROPRIATED RESERVES Other Reserved Fund Balance (9900) 0840 - - - - - - - - - - Other Restricted Reserves (932X) 0840 - - - - - - - - - - Reserved Fund Balance (9100) 0840 - - - - - - - - - - District Emergency Reserve (9315) 0840 - - - - - - - - - - Reserve for TABOR 3% (9321) 0840 - - - - - - - - - - Reserve for TABOR - Multi-Year Obligations (9322) 0840 - - - - - - - - - - Total Reservies - - - - - - - - - - Total Expenditures and Reserves 14,563,546 183,354 392,526 498,363 296,416 240,060 106,855 1,733,750 950,000 18,964,870





21 Food Service

23 Pupil Activity

25 Transportation


29 Palm Theatre

31 Bond

Redemption


Projects TOTAL BUDGETED ENDING FUND BALANCE Non-spendable fund balance (9900) 6710 - - - - - - - - - - Restricted fund balance (9990) 6720 - - - - - - - - - - TABOR 3% emergency reserve (9321) 6721 436,906 - - - - - - - - 436,906 TABOR multi year obligations (9322) 6722 - - - - - - - - - - District emergency reserve (letter of credit or real estate) (9323) 6723 - - - - - - - - - - Colorado Preschool Program (CPP) (9324) 6724 - 7,994 - - - - - - - 7,994 Full day kindergarten reserve (9325) 6725 - - - - - - - - - - Risk-related / restricted capital reserve (9326) 6726 - - - - - - - - - - BEST capital renewal reserve (9327) 6727 - - - - - - - - - - Committed fund balance (9900) 6750 - - - - - - - - - - Committed fund balance (15% limit) (9200) 6750 - - - - - - 24,950 - - 24,950 Assigned fund balance (9900) 6760 3,702,254 - 79,906 298,854 150,811 547,870 - 2,345,005 925,268 8,049,968 Unassigned fund balance (9900) 6770 - - - - - - - - - - Net investment in capital assets (9900) 6790 - - - - - - - - - - Restricted net position (9900) 6791 - - - - - - - - - - Unrestricted net position (9900) 6792 - - - - - - - - - - Total Ending Fund Balance 4,139,160 7,994 79,906 298,854 150,811 547,870 24,950 2,345,005 925,268 8,519,818 Total Available Beginning Fund Balance & Revenues Less Total Expenditures & Reserves Less Ending Fund Balance (Shall Equal Zero (0)) - - - - - - - - - - Use of a portion of beginning fund balance resolution required? Yes Yes Yes Yes Yes Yes No No Yes Yes


ENDING FUND BALANCE

0

1000000

2000000

3000000

4000000

5000000

6000000

FY09-10 FY10-11 FY11-12 FY12-13 FY13-14 FY14-15 FY15-16 FY16-17 FY17-18 FY18-19 FY19-20 Est FY20-21 Bud

Ending Fund Balance for funds noted below

General CPP Food Service Activities/Athletics Transportation Housing Capital Reserve

REVENUE BY SOURCE

$8,314,663 Local 60%

$26,000 County

0%

$5,474,861 State39%

$126,147 Federal

1%

Local County State Federal

EXPENDITURES BY OBJECT

Salary & Benefits, $11,501,135 , 79%

Purchased Service, $1,984,373 , 14%

Supplies/Materials, $814,107 , 5%

Equipment, $231,806 , 2%

Other Expenditures, $32,125 , 0%

EXPENDITURE BY PROGRAM

Instructional59%

Student Support6%

Instructional Support8%

General Admin3%

School Admin5%

Business Office2%

Maint & Ops7%

Utilities3%

Central Support3% Transfers to other funds

4%

1

Solar Only Cash Flow Projection

Total Savings: $733,000NPV@3%DR: $289,000

Assumptions

SMPA: Interconnect > 25kW --- ConfirmedRebate @ $0.25/W to 417kW --- Request of San Miguel Power to confirm

Use Tax: May further reduce cost if confirmed not applicable to school district

Bldg Fees: Same as use taxAdmin/O&M: Included during term of ESA, afterwards

$7,140 / year

ITC: 26% Ratcheting Down to 22% next year, w 5% Construction by end of 2020 project can be completed in up to 4 years

2

Facilities Upkeep:TES East Retaining Wall 38,000 TES Basement Lighting 30,000 TMHS North Steps/Sidewalk 20,000 TMHS Parking Lot Patching/Paving/Striping 25,000 THS Locker/Layout Remodel 30,000

143,000

Criteria:1. Are important structural or functional projects.2. Are relatively low cost.3. Can be completed in-house or with local vendors (no farther away than Western Slope).

number amountExtra staffStaff PlanningDesign Team 15 $1,000.00Individual teacher 80 $2,000.00Principals 3 $5,000.00

Online optionFood Service

Technology /Maint

TMHS 50 per kid -280 280 $14,000.00TIS 50 per Kid -250 250 $12,500.00TES 50 per kid-190 190 $9,500.00Contingency

Total Budget

Total allocation

5425 Allocation

All spending must be approved by John Pandolfo/ Mike Gass

total$200,000.00 Carly/Cela

$15,000.00$160,000.00

$15,000.00

$10,000.00$75,000.00

$75,000.00

$14,000.00$12,500.00

$9,500.00$50,000.00

$636,000.00

$636,000.00

$53,000.00 yet to be allocated

5.27.20 Special Board Meeting Agenda and Packet.pdfAgenda - Special Board Meeting 5.27.20.pdfPROPOSED BUDGET FY 20-21 BOE.pdf1 BUDGET COVER PAGE FY20-21.pdf2 FY2021 Budget Charts.pdf4 BFB and Appropriation.pdf5 All Funds Summary.pdf6 GF Summary by Program.pdf7 GF Summary by Object.pdf8 GF Revenue Detail.pdf9 GF Expenditures.pdf10 Other Funds.pdf11 Fees.pdf12 UBS.pdf

Additonal Items.pdfBudget FY 20-21.pdfBudget FY 20-21Ending Fund BalanceRevenue by sourceExpenditures by ObjectExpenditure by programSlide Number 6Slide Number 7Slide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14Slide Number 15Slide Number 16Slide Number 17Slide Number 18Slide Number 19Slide Number 20Slide Number 21Slide Number 22Slide Number 23Slide Number 24Slide Number 25Slide Number 26Slide Number 27Slide Number 28Slide Number 29Slide Number 30

TMHS Presentation Living Solar 5.27.20.pdfSolar Only Cash Flow ProjectionAssumptions

Capital Projects_Lite.pdfSheet1

Capital Project pix.pdfDraft Budget Covid Money.pdfSheet1

telluride r-1 school district special board meeting€¦ · agenda . 1. call to order 2. roll call...

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