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 General Accounting

Election Notice

SENATE BILL 03-139 (§ 1-7-908, C.R.S.) NOTICE

SCHOOL DISTRICT NO. 1

IN THE CITY AND COUNTY OF DENVER

AND STATE OF COLORADO

NOTICE IS HEREBY GIVEN by the above referenced school district (the "District") of the information required under Section 1-7-908, Colorado Revised Statutes.

General Fund Information

Year

 

Revenues

Expenditures

Ending Balance

2003-2004

(audited)

   

$47,273,455

2004-2005

(audited)

$610,865,339

$536,299,511

$121,839,283

2005-2006

(audited)

$575,157,041

$569,811,183

$127,185,141

2006-2007

(audited)

$587,768,636

$576,933,353

$138,020,424

2007-2008

(unaudited)

$1,358,429,831

$1,417,217,807

$79,232,448

2008-2009

(estimated)

$667,154,252

$667,154,252

$79,232,448

Bond Redemption Fund Information

Year

 

Revenues

Expenditures

Ending Balance

2003-2004

(audited)

   

$67,787,708

2004-2005

(audited)

$186,138,074

$192,852,339

$61,073,443

2005-2006

(audited)

$200,875,445

$207,598,504

$54,350,384

2006-2007

(audited)

$49,492,783

$54,054,656

$49,788,511

2007-2008

(unaudited)

$56,557,193

$52,877,323

$53,468,381

2008-2009

(estimated)

$55,350,776

$53,690,446

$55,128,711

Short Term Debt Information

Short term debt means cash-flow debt or other financial obligation that has a term of not more than one year.

Year

Amount Incurred

During Fiscal Year

June 30 Balance

2004-2005

 

$164,200,000

$0

2005-2006

 

$177,500,000

$0

2006-2007

 

$143,700,000

$0

2007-2008

 

$168,000,000

$0

2008-2009

(allowable)

$230,000,000

$0

Emergency Reserve

The District’s emergency reserve required by Section 20(5) of Article X of the Colorado Constitution is funded by a Letter of Credit and funds held in the District’s General Fund. The District’s emergency reserve fund has been fully funded by cash, investments, and the Letter of Credit for the current fiscal year and each of the last four fiscal years.

Financial Information Review

The District’s audited financial statements for the last four fiscal years, and the District’s budget for the current fiscal year may be reviewed by any person at the following location: Denver Public Schools, Department of Financial Services, 900 Grant St. Room 305, Denver, Colorado 80203.