2022 BENNETT SCHOOL DISTRICT ELECTION NOTICE

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

 

BENNETT SCHOOL DISTRICT 29J

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

 

General Fund Information

 

Year

Revenues

Expenditures

Ending Balance

 

 

 

 

July 1, 2018-June 30, 2019                                                             

9,242,582

8,926,278

4,691,051

July 1, 2019-June 30, 2020

9,546,073

9,735,075

4,502,049

July 1, 2020-June 30, 2021

10,708,641

10,177,002

5,033,688

July 1, 2021-June 30, 2022 (unaudited)

12,500,605

11,245,748

6,288,545

July 1, 2022-June 30, 2023 (projected)

12,805,847

12,805,847

6,288,545

 

Bond Redemption Fund Information

 

Year

Revenues

Expenditures

Ending Balance

 

 

 

 

July 1, 2018-June 30, 2019

 

 

4,615,000

July 1, 2019-June 30, 2020

 

 

3,900,000

July 1, 2020-June 30, 2021

 

 

3,165,000

July 1, 2021-June 30, 2022

 

 

2,410,000

July 1, 2022-June 30, 2023 (projected)

 

 

0.00

 

Short Term Financial Obligation Information

 

Year

Amount Incurred During Fiscal Year

 

 

July 1, 2018-June 30, 2019

0

July 1, 2019-June 30, 2020

0

July 1, 2020-June 30, 2021

0

July 1, 2021-June 30, 2022

0

July 1, 2022-June 30, 2023 (projected)

0

 


Emergency Reserve

 

The School District’s emergency reserve required by Section 20(5) of Article X of the Colorado Constitution is held in the School District’s GENERAL Fund.

 

 

 

The School District’s emergency reserve fund has been fully funded by cash or investments for the current fiscal year and each of the last four fiscal years.

 

____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

Financial Information Review

 

The School District’s audited financial statements for the last four fiscal years, any management letters that have been made public and have been provided to the School District by its auditors in connection with the preparation of its audits for the last four fiscal years, and the School District’s budget for the current fiscal year may be reviewed by any person at the following location or locations: OFFICE OF THE CFO, 610 7TH STREET, BENNETT, CO 80102

 

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

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