Financial Transparency
Notice Of Financial Information – 2024 Election
NOTICE of FINANCIAL INFORMATION
for
Durango School District 9-R
La Plata County, Colorado
At the election to be held on November 5, 2024, Durango School District 9-R, La Plata County, Colorado (the “District”) is submitting one ballot issue concerning the creation of debt or financial obligation.
|
Fiscal Year |
Ending Balance |
|
2024-2025 (projected) |
$ 25,512,480 |
|
2023-2024 (*unaudited) |
$ 26,262,474 |
|
2022-2023 (audited) |
$ 28,588,195 |
|
2021-2022 (audited) |
$ 23,733,928 |
|
2020-2021 (audited) |
$ 17,673,316 |
|
Fiscal Year |
Revenues In |
Expenditures From |
|
2024-2025 (projected) |
$ 64,497,604 |
$ 64,497,604 |
|
2023-2024 (*unaudited) |
$ 76,467,692 |
$ 74,663,387 |
|
2022-2023 (audited) |
$ 75,003,603 |
$ 67,127,556 |
|
2021-2022 (audited) |
$ 69,770,347 |
$ 60,134,735 |
|
2020-2021 (audited) |
$ 72,960,941 |
$ 62,947,454 |
|
Fiscal Year |
Cash Flow Borrowings |
|
2024-2025 (projected) |
$ 0 |
|
2023-2024 (*unaudited) |
$ 0 |
|
2022-2023 (audited) |
$ 0 |
|
2021-2022 (audited) |
$ 0 |
|
2020-2021 (audited) |
$ 0 |
|
Fiscal Year |
Emergency Reserve Held In General Fund |
|
2024-2025 (current) |
Fully Funded * |
|
2023-2024 (*unaudited) |
Fully Funded * |
|
2022-2023 (audited) |
Fully Funded * |
|
2021-2022 (audited) |
Fully Funded * |
|
2020-2021 (audited) |
Fully Funded * |
V. District’s Ending Bond Redemption Fund Balance by Fiscal Year
|
Fiscal Year |
Ending Balance |
|
2024-2025 (projected) |
$ 13,481,994 |
|
2023-2024 (*unaudited) |
$ 11,440,511 |
|
2022-2023 (audited) |
$ 12,075,323 |
|
2021-2022 (audited) |
$ 13,847,256 |
|
2020-2021 (audited) |
$ 14,998,511 |
|
Fiscal Year |
Revenues In |
Expenditures From |
|
2024-2025 (projected) |
$ 9,761,658 |
$ 7,720,175 |
|
2023-2024 (*unaudited) |
$ 9,552,076 |
$10,186,888 |
|
2022-2023 (audited) |
$ 8,524,916 |
$10,296,849 |
|
2021-2022 (audited) |
$ 7,811,972 |
$ 8,963,227 |
|
2020-2021 (audited) |
$ 7,917,246 |
$ 5,699,805 |
- audited Financial Statements for the last four Fiscal Years,
- any Management Letters made public and provided to the District by the District’s Auditors for the last four Fiscal Years, and
- the Budget for the current Fiscal Year at the following location:
Durango School District 9-R 281 Sawyer Drive, Suite 100
Durango, CO 81303
Telephone: (970) 247-5411
Note: *Audited information is unavailable for Fiscal Year 2023-2024. Information is estimated based on the District’s Unaudited Fourth Quarter Financial Statements.
Required Financial Transparency
Colorado Revised Statutes, 22-44-304
(Commencing July 1, 2024)
- District Adopted Budget – Including Uniform Budget Summary (current and prior two years)
- District Financial Audit (current and prior two years)
- Salary Schedules or Policies (current and prior two years)
- Financial Data File for *FY23-24 (current and prior two years: FY22-23 and FY21-22)
- List of Waivers Received by the School District – not applicable
- Standardized Description and Rational for Each Automatic Waiver – not applicable
- Federal Form 990, 990-EZ, or 990-PF and any associated schedules – not applicable
- Plan for Distributing Additional Mill Levy Revenue or Statement of Intent to Distribute
- Other District-Specific Financial Information
All documents above must be posted or updated within 60 days (30 days for waiver information) after completion or receipt of the applicable report, statement, or document.
*Financial Data File for FY23-24 is required to be posted no later than March 1st, 2025
- Link to Financial Transparency Website View: https://www.cde.state.co.us/schoolview/financialtransparency/homepage
Disclaimer
Please consider the context when evaluating financial transactions. Some transactions may appear improper on the surface but are perfectly normal and justifiable when placed in the proper context. We welcome your questions regarding our financial transactions or records.
For further information about Financial Transparency in Colorado, visit the Colorado Department of Education School Finance Division website at http://www.cde.state.co.us/cdefinance or visit the Community Guide to Understanding Colorado Public School Finance and Funding Practices.
Contact Information:
