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OTHER FUNDS

2025-26 Revised Budget

PERA On-Behalf Fund As a component of Senate Bill 18-200 the State is required to make a direct on-behalf payment of $225.0M to Colorado PERA each year. The payment is allocated based on the proportionate amount of annual payroll to the School Division Trust Fund, State Division Trust Fund, Judicial Division Trust Fund, and Denver Public Schools Division Trust Fund. Generally accepted accounting principles require the district to report its proportionate share of on-behalf payments as both a revenue and expenditure. Because on-behalf payments have no financial impact on district operations, the revenues and expenditures have been recorded in a new stand-alone fund, so as to not distort ongoing district activities. Because the necessary calculations are not provided to the district by Colorado PERA until after year end, budgeted amounts represent a conservative estimate based on prior year data. This PERA on-behalf fund does not include activity for charter schools. 2021-22 AUDITED ACTUAL

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

BEGINNING FUND BALANCE

REVENUE: PERA On-Behalf Payments

5,800,450

15,601,944

1,271,801

5,526,864

6,000,000

TOTAL REVENUE

5,800,450

15,601,944

1,271,801

5,526,864

6,000,000

TOTAL RESOURCES

5,800,450

15,601,944

1,271,801

5,526,864

6,000,000

EXPENDITURES: PERA On-Behalf Payments

5,800,450

15,601,944

1,271,801

5,526,864

6,000,000

TOTAL EXPENDITURES

5,800,450

15,601,944

1,271,801

5,526,864

6,000,000

EMERGENCY RESERVE

TOTAL RESERVES

TOTAL EXPENDITURES AND EMERGENCY RESERVE

5,800,450

15,601,944

1,271,801

5,526,864

6,000,000

ENDING BALANCE

2025-26 Revised Budget

Differentiated School Support Fund The Differentiated School Support Fund was created in FY22 and is used to track spending of resources allocated to schools as part of the district's Strategic Plan. Through a tiered system of school requirements, supports, and accountability metrics which drive the allocation of resources, the goal is to help close the opportunity and achievement gap in the District. A weighted and differentiated funding model was implemented to distribute resources to schools identified with differentiated levels of Flexible, Targeted, and High support needs. A one-time budget transfer into the Differentiated School Support Fund was made of $9.0M. This one-time transfer will help continue the fund into future years.

TOTAL RESOURCES

TOTAL EXPENDITURES AND RESERVES Total Fund Expense To Date 52%

Remaining Fund Balance 48%

2025-26 Revised Budget

Reserves 3%

Personnel 97%

Differentiated School Support Fund (continued) 2021-22 AUDITED ACTUAL

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

$ 14,414,794

$ 11,226,033

$ 17,228,634

$ 13,060,688

BEGINNING FUND BALANCE

REVENUE: Transfer From General Operating Fund

$ 15,814,000

$ 10,000,000

9,000,000

TOTAL REVENUE

$ 15,814,000

$ 10,000,000

9,000,000

TOTAL RESOURCES

$ 15,814,000

$ 14,414,794

$ 21,226,033

$ 17,228,634

$ 22,060,688

1,340,175 20,398 38,633

3,052,388 82,622 53,751

3,694,234 171,220 131,945

4,167,946 -

5,160,500 -

TOTAL EXPENDITURES

1,399,206

3,188,761

3,997,399

4,167,946

5,160,500

EMERGENCY RESERVE

154,815

TOTAL RESERVES

154,815

TOTAL EXPENDITURES AND EMERGENCY RESERVE

1,399,206

3,188,761

3,997,399

4,167,946

5,315,315

ENDING BALANCE

$ 14,414,794

EXPENDITURES: Personnel Purchased Services Supplies and Other

$ 11,226,033

$ 17,228,634

$ 13,060,688

$ 16,745,373

2025-26 Revised Budget

Athletics Fund The budget reflects a transfer amount from the General Operating Fund of $2.9M to cover Athletic program expenses. All Charter School athletic program expenditures are reflected in the Charter School Fund. Middle Level • 13 middle schools offer interscholastic sports and intramural sports • 7 interscholastic sports are offered for boys and girls: basketball, track, cross country, and skiing; girls’ volleyball; co-ed flag football and co-ed wrestling • 1 intramural sport is offered for boys and girls: soccer • 222 interscholastic coaches in middle level programs High School • 6 high schools offer interscholastic sports (Boulder, Fairview, Monarch, Centaurus, Nederland, and Broomfield) • 19 interscholastic sports and weight room training are offered for boys and girls. Girls flag football was added this year • Coaching positions are allocated based on the number of participants in each school with an average of 76 per high school (except Nederland with 20 coaches) • State tournament and any post-season expenses are paid from the student activity account (Fund 23) • 60 percent of the athletic budget is funded from a transfer from the General Operating Fund

TOTAL EXPENDITURES AND RESERVES

TOTAL RESOURCES Game Admission 6%

Activity Tickets 1%

Beginning Fund Balance 3%

Participation Fees 28%

High School 73%

District Wide 7%

Emergency Reserve 3%

Transfer from General Operating Fund 62%

2025-26 Revised Budget

Middle Level 17%

Athletics Fund (continued) 2021-22 AUDITED ACTUAL

BEGINNING FUND BALANCE

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

138,500

99,285

146,107

147,342

126,215

172,231 58,892 796,264 2,222,576

230,971 54,355 951,879 2,040,610

237,634 49,490 1,065,129 2,448,218

240,074 51,855 1,094,375 2,619,821

269,181 51,720 1,303,421 2,895,806

TOTAL REVENUE

3,249,963

3,277,815

3,800,471

4,006,125

4,520,128

TOTAL RESOURCES

3,388,463

3,377,100

3,946,578

4,153,467

4,646,343

380,421 2,252,343 656,414

367,049 2,598,033 265,911

$553,449 2,964,764 281,023

$579,989 3,146,572 300,691

TOTAL EXPENDITURES

3,289,178

3,230,993

$3,799,236

$4,027,252

EMERGENCY RESERVE

TOTAL RESERVES

TOTAL EXPENDITURES AND EMERGENCY RESERVE

3,289,178

3,230,993

3,799,236

ENDING BALANCE

99,285

146,107

147,342

REVENUE: Game Admission Activity Tickets Participation Fees Transfer from General Operating Fund

EXPENDITURES: Middle School High School District Wide

$764,578 3,388,193 357,968 $

4,510,739

135,604

4,027,252

4,646,343

126,215

2025-26 Revised Budget

Athletics Fund (continued) EST. # PARTICIPANTS BOYS

SPORT

TOTAL BOYS

REGULAR SPORTS Boulder

Broomfield Centaurus Fairview Monarch Nederland Middle School 57 40 52 53 234 74 72 79 73 21 250 634 134 75 72 80 413 14 13 23 15 89 63 69 74 54 17 349 17 53 38 125 18 25 54 30 140 36 69 12 52 46 46 46 23 26 162 46 46 435 376 482 461 38 250 2,261

Baseball Basketball Football Flag Football Field Hockey Golf Gymnastics Soccer Softball Swimming Tennis Volleyball LaCrosse Wrestling Ice Hockey TOTAL

32 65 52 24 72 17 13 33 54 21 383

COED SPORTS Cross Country Co-Ed Flag Football Co-Ed Alpine (Downhill) Skiing Co-Ed Nordic (Cross Country) Skiing Co-Ed Wrestling Co-Ed Track TOTAL

32 45 77

24 110 134

25 81 106

45 100 145

23 56 79

21 4 7 32

437 156 270 641 1,504

586 156 21 4 270 1,040 2,077

460

569

482

627

540

1,754

4,502

GENERAL CoCurricular/Other TOTAL TOTALS

EST. # PARTICIPANTS GIRLS

SPORT

TOTAL GIRLS

REGULAR SPORTS Boulder

Broomfield Centaurus Fairview Monarch Nederland Middle School 33 41 34 29 16 187 6 4 24 8 3 24 9 18 17 20 66 55 69 57 31 37 19 14 17 59 63 65 49 27 41 67 40 47 57 48 51 16 345 47 13 340 285 369 284 63 532

Baseball Basketball Football Flag Football Field Hockey Golf Gymnastics Soccer Softball Swimming Tennis Volleyball LaCrosse Wrestling Ice Hockey TOTAL

26 3 18 63 17 63 47 54 18 309

COED SPORTS Cross Country Co-Ed Flag Football Co-Ed Alpine (Downhill) Skiing Co-Ed Nordic (Cross Country) Skiing Co-Ed Wrestling Co-Ed Track TOTAL

25 51 76

20 90 110

24 46 70

41 75 116

30 47 77

23 6 7 36

373 7 43 681 1,104

513 7 23 6 43 997 1,589

385

450

355

485

361

1,636

3,771

366 34 14 86 20 341 104 299 222 618 65 13 2,182

GENERAL CoCurricular/Other TOTAL TOTALS

2025-26 Revised Budget

Athletics Fund (continued) COST/ PARTIC.

SPORT

BOYS

BUDGETED AMOUNT GIRLS

TOTAL

REGULAR SPORTS $

COED SPORTS Cross Country Co-Ed Flag Football Co-Ed Alpine (Downhill) Skiing Co-Ed Nordic (Cross Country) Skiing Co-Ed Wrestling Co-Ed Track TOTAL

$ $

486 419 813 256 1,371 729 634 360 687 338 299 389 375 707 453

113,654 241,571 335,647 8,714 67,315 128,395 62,619 50,638 32,166 61,818 107,045 $ 1,209,582

179 1,715 2,348 207 174 206

$ $

98,211 20,954 45,081 11,740 32,333 179,315 387,635

GENERAL CoCurricular/Other TOTAL

$ $

493,754 493,754

TOTALS

$ 2,090,970

177,446 19,190 60,186 12,671 120,224 71,396 80,613 57,560 235,030 24,121 16,677 875,115

$ $

98,211 20,954 30,366 11,740 32,333 174,801 368,405

$ $

493,754 493,754

$ 1,805,607 $ 1,805,607

$ 1,737,273

$ 4,646,343

113,654 419,017 335,647 8,714 19,190 127,501 12,671 248,619 71,396 143,232 108,199 267,196 85,939 123,722 $ 2,084,697 196,421 41,908 75,447 23,481 64,666 354,116 756,039

Co-Ed Cross Country

Ice Hockey

Wrestling

LaCrosse

Volleyball

Tennis

Swimming

Softball

Soccer

Gymnastics

Football

Co-Ed Wrestling

Co-Ed Nordic (Cross Country) Skiing

Co-Ed Track Co-Ed Flag Football

Flag Football

$500

Basketball

$1,000

Baseball

$1,500

Golf

Field Hockey

$2,000

Co-Ed Wrestling

EXPENDITURE PER PARTICIPANT BY SPORT $2,500

Co-Ed Nordic (Cross Country) Skiing

Co-Ed Alpine (Downhill) Skiing Co-Ed Alpine (Downhill) Skiing

Co-Ed Flag Football

Co-Ed Cross Country

Wrestling

LaCrosse

Softball

Ice Hockey

$50

Gymnastics

$100

Golf

Field Hockey

$150

Flag Football

$200

Baseball

$250

Tennis

$300

Swimming

Soccer

$350

Volleyball

$400

Football

Basketball

Thousands

TOTAL EXPENDITURES BY SPORT $450

Co-Ed Track

Baseball Basketball Football Flag Football Field Hockey Golf Gymnastics Soccer Softball Swimming Tennis Volleyball LaCrosse Wrestling Ice Hockey TOTAL

2025-26 Revised Budget

Preschool Fund Colorado voters passed Proposition EE during the November 2020 election, which increases taxes on nicotine products. The resulting tax revenues support increased funding for Colorado preschool programs. Governor Polis signed the Colorado Universal Preschool Program (CUPP) into Law on April 25, 2022, which guarantees 10 hours of preschool at no cost, for all four-year-old and three-year-old children with certain risk factors. On November 21, 2022, the Rules Advisory Committee added 15- and 30-hour programs. These programs will continue during the school year 2025-26. Preschool Enrichment will continue to be combined with Preschool Learning. Combined student attendance will be 172 days. Pioneer Elementary will be added to the twelve schools that have both learning and enrichment classrooms on a half day model. Mapleton will have three learning classrooms and one enrichment classroom. Three schools will have one learning classroom and seven schools will have two learning classrooms. Sanchez Elementary will have full day learning, up to 30 hours a week. Aspen Creek and Mapleton will have 30 hours a week for IEP students. Tuition rates were increased by 8.6 percent for all sites, except for Community Montessori. The Colorado Department of Early Childhood increased their payment rates by less than 1.0 percent. The General Fund will transfer $7.1M in the current budget year to support Preschool at the District, including increases in staffing in COLA and health insurance costs for Preschool Enrichment and Universal Preschool programming. TOTAL RESOURCES One-Time Beginning Fund Funding Impact on Balance 3% Education Grant 3%

TOTAL EXPENDITURES AND RESERVES

Transfer from General Fund 46%

Purchased Services 1%

Supplies 2%

Property and Equipment 1%

Benefits 24%

Reserves 3%

Tuition 13%

Colorado Universal Preschool Program 35%

2025-26 Revised Budget

Other Uses of Funds 5%

Salaries 64%

Preschool Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

475,532

354,778

256,225

519,442

542,929

4,039,480 2,115,743 378,625 846,617

4,568,645 2,276,511 390,413 879,775

4,966,568 5,898,328 378,440 200,003 769,478

6,713,200 5,836,382 75,330 104,066 2,058,503

7,177,740 5,572,946 445,550 2,108,089

TOTAL REVENUE

7,380,465

8,115,344

$ 12,212,817

$ 14,787,481

$ 15,304,325

TOTAL RESOURCES

7,855,997

8,470,122

$ 12,469,042

$ 15,306,923

$ 15,847,254

6,793,439 482,680 110,014 5,412 58,205

7,261,247 488,754 156,971 181,597 73,859

$ 10,770,345 76,339 135,751 157,494 758,202

$ 13,423,435 49,019 193,368 44,640 1,053,532

$ 14,269,903 71,350 239,489 1,700 827,204

TOTAL EXPENDITURES

7,449,750

8,162,428

$ 11,898,131

$ 14,763,994

$ 15,409,646

RESERVES: Emergency Reserves

437,608

TOTAL RESERVES

437,608

TRANSFERS: General To Risk Fund Management Fund To Capital Reserve Fund

38,170 13,299

TOTAL TRANSFERS

51,469

TOTAL EXPENDITURES/EMERGENCY RESERVE RESERVEAND ANDTRANSFERS TRANSFERS

7,501,219

8,213,897

ENDING BALANCE

354,778

256,225

REVENUE: Transfer from General Operating Fund Per Pupil Funding - Colorado Preschool Program Colorado Universal Preschool Program One-Time Funding Child Care Sustainability Grant One-Time Funding Impact on Education Grant One-Time Funding Child Care Capacity Building Grant Tuition

EXPENDITURES: Personnel Purchased Services Supplies Property and Equipment Other Uses of Funds

10 |

$ 11,949,600

$ 14,763,994

$ 15,847,254

519,442

542,929

2025-26 Revised Budget

Risk Management Fund Major costs in this fund are contributions for property, liability and workers’ compensation insurance, and premiums for flood insurance. For each of these programs, the district participates in self-insurance pools. The annual premium contributions (to the pools) are based on the district’s claims history and value of assets in the district. The current bond program is increasing the building values across the district which is increasing the property premium accordingly. Workers’ compensation premiums tend to fluctuate at a higher rate each year based on claims history, which in turn impacts the required transfer from the General Fund. We have resolved several old claims to bring the contribution down for the 2025-26 year.

TOTAL RESOURCES Beginning Fund Balance 17%

TOTAL EXPENDITURES AND RESERVES Insurance Proceeds 1%

Workers' Comp Insurance 21%

Deductible Reserves 7% Emergency Reserve 2%

Contingency Reserve 15%

82%

2025-26 Revised Budget

Personnel 3%

Property Insurance 48% Purchased Services 3%

Employee Benefits 1%

| 11

Risk Management Fund (continued) 2021-22 AUDITED ACTUAL

BEGINNING FUND BALANCE

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

1,265,111

2,990,467

2,183,044

1,114,176

1,610,678

108,067 100,055 38,170 6,915,896

426,029 217,480 38,170 4,915,896

572,907 287,084 38,170 4,965,896

1,809 788,733 7,410,366

2,000 75,000 7,840,366

TOTAL REVENUE

7,162,188

5,597,575

5,864,057

8,200,908

7,917,366

TOTAL RESOURCES

8,427,299

8,588,042

8,047,101

9,315,084

9,528,044

367,645 153,617 2,707,981 1,456,385 1,807 749,397

735,731 273,554 2,779,850 1,914,525 6,694 1,289 693,355

732,483 218,165 3,134,778 2,071,430 2,502 1,595 771,972

285,248 115,702 3,777,118 2,170,628 1,214 1,354,496

318,045 325,000 4,474,394 1,999,161 10,000 3,000 700,000

TOTAL EXPENDITURES

5,436,832

6,404,998

6,932,925

7,704,406

7,829,600

EMERGENCY RESERVE CONTINGENCY RESERVE

235,000 1,463,444

TOTAL RESERVES

1,698,444

TOTAL EXPENDITURES AND EMERGENCY RESERVE

5,436,832

6,404,998

6,932,925

7,704,406

9,528,044

ENDING BALANCE

2,990,467

2,183,044

1,114,176

1,610,678

REVENUE: Miscellaneous Local Insurance Proceeds Transfer from Preschool Fund Transfer from General Operating Fund

EXPENDITURES: Personnel Purchased Services Property Insurance Workers' Comp Insurance Supplies Other Objects Deductible Reserves

12 |

2025-26 Revised Budget

Community Schools Fund The Community Schools Fund provides the community with educational and enrichment opportunities through extended use of BVSD facilities. The Community Schools Program is self-supporting, utilizing program tuition and community use fees for operational expenses. FY26 includes a transfer to General Fund of $805,475, compensation was adjusted to reflect COLA, an annual step and benefit rate increase.

TOTAL RESOURCES

TOTAL EXPENDITURES AND RESERVES

School Age Care Program 51%

Emergency Reserve 3%

Lifelong Learning 6%

Community Use 7%

Transfer to General Fund 9% Community Use 10%

BVSD Online 8%

Lifelong Learning 10%

BVSD Online 6%

Beginning Fund Balance 30%

2025-26 Revised Budget

School Age Care Program 60%

| 13

Community Schools Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE REVENUE: Community Use Lifelong Learning School Age Care Program Community Connections: A Student Resource Guide BVSD Online Preschool Care Infant/Toddler Care Print Shop Federal Grant Proceeds

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

1,312,718

2,843,853

3,715,001

3,504,377

3,720,043

527,524 1,054,552 3,785,191

807,065 1,099,663 4,227,444

891,896 1,018,504 4,959,742

998,108 824,845 5,818,887

857,000 800,000 6,290,823

11,926 576,128 389,165 1,258,676

16,203 694,508 458,441 1,387,800

15,225 1,618,674 279,166 229,838

14,059 41,107 -

15,000 725,000 -

TOTAL REVENUE

7,603,162

8,691,124

9,013,045

7,697,006

TOTAL RESOURCES

8,915,880

11,534,977

12,728,046

11,201,383

$ 12,407,866

438,304 1,036,132

574,267 1,157,223

644,572 1,045,857

789,273 864,695

EXPENDITURES: Community Use Lifelong Learning Community Connections -A Student Resource Guide School Age Care Program BVSD Online Preschool Care Infant/Toddler Care Print Shop

29,648 3,031,852 714,025 656,566 -

25,877 3,913,219 1,134,560 814,830 -

28,613 4,180,100 2,284,728 784,799 -

14,954 4,685,053 321,890

8,687,823

902,299 860,605 15,546 5,171,414 659,718 -

TOTAL EXPENDITURES

5,906,527

7,619,976

8,968,669

6,675,865

7,609,582

EMERGENCY RESERVE

228,287

TRANSFERS: To General Operating Fund

165,500

200,000

255,000

805,475

TOTAL TRANSFERS

165,500

200,000

255,000

805,475

TOTAL EXPENDITURES/EMERGENCY RESERVE AND TRANSFERS $

6,072,027

7,819,976

9,223,669

7,481,340

8,643,344

ENDING BALANCE

2,843,853

3,715,001

3,504,377

3,720,043

3,764,522

14 |

2025-26 Revised Budget

Community Schools Fund (continued) Community Use Facility Rates Fields

Price/Hr

Stadium/Artificial Turf Fields

Price/Hr

Youth and Senior Rate

$35.00

Youth and Senior Rate

$74.00

Adult Rate

$70.00

Adult Rate

$158.00

Commercial Rate

$110.00

Commercial Rate

$179.00

Gyms

Price Range/Hr

Classrooms

Price/Hr

Youth and Senior Rate

$24.00

Youth and Senior Rate

$31.00

Adult Rate

$30.00

Adult Rate

$53.00

$86.00

Commercial Rate

$48.00

Commercial Rate

$88.00

$143.00

Parking Lots

Price/Hr

Auditoriums

$50.00

Price Range/Hr

Youth and Senior Rate

$50.00

Youth and Senior Rate

$32.00

$54.00

Adult Rate

$62.00

Adult Rate

$45.00

$69.00

Commercial Rate

$80.00

Commercial Rate

$75.00

$133.00

Multi-Purpose Rooms

Price Range/Hr

School Facilities - Summer Camps (Daily Use Fees Must be > 8 hr/day & min 2 wks

Price Range/Per Day

Youth and Senior Rate

$28.00

$46.00 Based on number of Campers

$450.00

Adult Rate

$40.00

$78.00 Daily Building Monitor Fee

$80.00

Commercial Rate

$63.00 $133.00 Daily Custodial Fee

Adult Rate

School Facilities - Weekend Youth Educational Programs (<4 hrs on one weekend day/school year) $165.00 $330.00 Based on number of Campers

Commercial Rate

$242.00 $484.00

Parking Lots (Daily Use Fees Must be > 3 hr/day & min 2 wks)

Price Range/Per Day

$1,125.00

$68.00

Price Range/Per Day $440.00

$1,100.00

CHILD CARE MONTHLY TUITION RATES SAC Program – Tuition Rates

After school

Before school

5 days/week M-F

$570.00 $320.00

3 days/week MWTh

$370.00 $210.00

2 days/week TF

$270.00 $150.00

School Days off adv notice

$75-$65/day

2025-26 Revised Budget

| 15

Charter School Fund Funding for charter schools is based on contract agreements between the individual schools and BVSD. The funded pupil count at all five charters, Peak to Peak, Justice High, Summit Middle School, Horizons K-8, and Boulder Prep are all expected to have minimal fluctuations in funded FTE from the Funded 2024-25 count, except for two schools. Horizons K-8 is estimating an increase of 10.0 FTE and Boulder Prep is estimating a decrease of 14.6, whereas all other charters had a difference of fewer than 2.5 FTE. Related fund transfers and district purchased services have been adjusted to reflect changes in student enrollment. Charter fund financials are completed by individual schools.

TOTAL RESOURCES Athletic Fundraising Fees <1% Revenue 1%

Instructional Fees <1%

Other State Revenue 2%

TOTAL EXPENDITURES AND RESERVES Misc Rev 5% CDE Capital Construction Revenue 1% Beginning Fund Balance 24%

Override Election Revenue 14%

Property and Equipment 2% Supplies 3%

Emergency Reserve 6%

Purchased Svcs from District 18%

Purchased Services 7%

Salaries & Benefits 64%

Transfer from General Fund 53%

16 |

2025-26 Revised Budget

Charter School Fund (continued) 2021-22 AUDITED ACTUAL

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

BEGINNING BALANCE

$ 10,553,971

$ 10,961,329

$ 11,626,756

$ 12,716,447

$ 12,651,950

REVENUE: Per-Pupil Funding: Override Election Revenue Other State Revenue Fundraising Revenue Athletic Fees Instructional Fees Miscellaneous Revenue CDE Capital Construction TOTAL REVENUES

$ 20,745,606 6,236,031 607,179 538,148 16,295 55,928 1,825,400 576,775 $ 30,601,362

$ 22,480,112 6,621,517 736,755 478,085 85,106 2,213,445 708,769 $ 33,323,789

$ 24,776,668 6,891,057 1,100,334 440,737 30,783 53,097 1,863,993 794,390 $ 35,951,059

$ 27,234,306 7,199,510 1,007,638 493,557 32,726 21,252 3,186,068 731,800 $ 39,906,857

$ 27,294,828 7,362,586 1,265,555 660,850 38,075 80,405 2,862,501 743,981 $ 40,308,781

TOTAL RESOURCES

$ 41,155,333

$ 44,285,118

$ 47,577,815

$ 52,623,304

$ 52,960,731

EXPENDITURES: Compensation Purchased Services Purchased Services from District Supplies Property and Equipment Capital Contributions Other Uses TOTAL EXPENDITURES

$ 21,281,839 2,510,114 5,502,498 958,972 494,539 (553,958) $ 30,194,004

$ 22,359,716 2,691,619 5,959,314 921,173 1,195,614 (469,074) $ 32,658,362

$ 25,190,895 3,037,400 6,670,472 1,054,720 310,454 (990,398) $ 35,304,368

$ 26,535,636 3,221,498 7,893,123 984,129 1,443,191 (106,225) $ 39,971,354

27,655,104 3,049,801 7,429,698 1,289,851 1,464,891 (204,260) 40,685,086

EMERGENCY RESERVE

2,468,765

TOTAL EXPENDITURES/EMERGENCY RESERVE AND TRANSFERS

$ 30,194,004

$ 32,658,362

$ 35,304,368

$ 39,971,354

$ 43,153,851

ENDING BALANCE

$ 10,961,329

$ 11,626,756

$ 12,273,447

$ 12,651,950

Funded 2021-22 356.0 347.5 97.0 79.5 1,445.0 2,325.0

Funded 2022-23 356.0 348.0 105.9 94.6 1,444.6 2,349.1

Funded 2023-24 361.0 359.0 100.4 95.0 1,442.1 2,357.5

Funded 2024-25 366.0 358.0 100.2 94.3 1,444.3 2,362.8

STUDENT FTE: Summit Middle School: Horizons K-8 School: Boulder Preparatory High School: Justice High School: Peak to Peak K-12 School: Total Charter Schools:

9,806,880 REVISED 2025-26 365.0 368.0 85.6 92.0 1,445.0 2,355.6

Notes: 1. Funding for Charter Schools is based on contract agreements between the school and BVSD. 2.

Funded enrollments may vary slightly from actual enrollments if a charter school enrolls students above the contracted amount.

Emergency Reserve is 3 percent of total revenues less fundraising revenue.

2025-26 Revised Budget

| 17

Governmental Designated-Purpose Grants Fund The district will receive funding in FY26 from two key sources, ESSA and IDEA Part B. With uncertainty in the Federal Grants landscape and at the Department of Education, allocations have been updated to reflect the most recent communication. Prior year State awards that will continue to be funded include the School Health Professional Grants and Bullying Prevention, that will help support various Middle and High School programs. The district will continue to receive funding for the School to Work Alliance Program and Carl Perkins Technical Education Act of 2006. Additionally, the district will continue to pursue grant funding that will support and enhance the learning experience for our students.

TOTAL RESOURCES Unidentified Grants to be Received 27%

Total Local Grants Budget Year 3% Total Anticipated State Grants Budget Year 16%

Total Anticipated Federal Grants Budget Year 54%

**The revenue from grant sources may increase throughout the year as additional grants are received. Therefore, it is appropriate to budget a larger amount so that the district will not be restricted from receiving grant income.

18 |

2025-26 Revised Budget

Governmental Designated-Purpose Grants Fund (continued)

CFDA #

FEDERAL GRANT NAME

2021-22 AUDITED ACTUAL

FUNDING PERIOD

10.575 Farm to School Grant Dec - Nov 10.579 USDA June - June 10.582 Fresh Fruit and Vegtable Program June - June 10.646 Summer BET - Federa - Distributions July - June 21.027 SLFRF-Concurrent Enrollment Expansion/Innovation Jan - June 21.027 SLFRF - ARPA Boulder County MHA July - June 45.310 State Library Program July - June 84.010 Title I, Part A: Improving Basic Programs Operated by Schools July - June 84.010A Title 1A, School Improvement July - Sept 84.027A Special Education: IDEA Part B July - June 84.048A Vocational Education - Carl Perkins Secondary July - June 84.060A Title VII, Part A: Indian Education July - June 84.173A IDEA: Special Education: Preschool Grants July - June 84.173X ARP:IDEA: Special Education: Preschool Grants July - June 84.184S School Emergency Reponse to Violence Sept - April 84.184S School Emergency Reponse to Violence - Marshall Fire July - Sept 84.287 Title V, Part B, 21st Century Learning Centers July - June 84.287 Title V, Part B, 21st Century Learning Centers July - June 84.365A Title III, English Language Acquisition July - June 84.367A Title II, Part A, Supporting Effective Instruction July - June 84.424A Title IV, Part A, Student Support and Academic Enrichment Grants July - June 84.425D ESSER I Fund July - June 84.425D ESSER I Fund Supplemental July - June 84.425D ESSER II Fund July - June 84.425U ESSER III Fund - ARP July - June 84.425U ESSER III Fund - ARP - Supplemental - Indian Ed July - June 84.425U ESSER III Fund - ARP - Supplemental - SPED July - June 84.425U Mentor Program Grant July - June 84.425D ESSER II - Supplemental July - June 84.425D ESSER II - Special Education July - June 84.425D ESSER II 21st Century July - June 84.425D Education Workforce Program Grant July - June 84.425D Education Workforce Program Grant - Boulder Prep July - June 54.425C Governor's BrightSpot Award Jan - June 84.425I AEC Learning Cohort July - June 84.425U ELO - After School July - June 84.425U ELO - Summer School July - June 84.425U ELO - Summer School - Adelante July - June 84.425U ELO - JHS July - June 84.425U Learning Cohort - Absenteeism July - June 84.425U Learning Cohort - Peak to Peak July - June 84.425U High Impact Tutoring July - June 84.027X ARP:IDEA Part B July - June 84.425W ARP:HCY July - June 84.425W ARP:HCY II July - June 93.354 School Nurse Workforce July - June

2025-26 Revised Budget

2022-23 AUDITED ACTUAL

11,681 41,181 67,354 17,284 2,084,595 256,847 5,664,431 145,817 18,868 141,228 91,322 157,272 286,893 131,567 151,192 332,722 162,684 5,193 5,397 1,391,668 4,360,693 23,473 158,047 43,725 410,457 9,133 11,104

16,181,828

2023-24 AUDITED ACTUAL

49,688 78,984 137,574 1,621,680 74,028 5,686,385 146,423 19,799 155,271 85,516 515,831 449,586 223,320 404,731 122,894 189,343 4,859,923 20,448 38,540 148,278 10,927 119,721 99,060 95,866 50,000 10,000 38,012 175,041 815,535 176,867 257,188

16,876,459

2024-25 AUDITED ACTUAL

11,207 35,863 231,673 1,820,083 70,000 6,504,992 145,294 22,892 162,787 645,976 304,000 8,150 107,718 609,176 90,032 4,741,170 31,162 187,420 200,508 3,933 51,776 171,319 300,035 29,497 75,000 4,645 19,991 317,836 80,340 81,596

17,066,071

62,344 4,525 18,327 3,051,260 65,776 6,134,665 171,427 27,450 130,495 300,000 173,974 619,604 192,143 47,988 -

2025-26 REVISED BUDGET * $

102,000 2,627,763 84,224 6,339,089 154,686 30,113 130,557 300,000 280,571 547,340 229,300 -

43,000

11,042,978

$ 10,825,643

| 19

Governmental Designated-Purpose Grants Fund (continued)

STATE GRANT NAME

Comprehensive Health Education Program July - June School Counselor Corps July - June CDE - FY2019-20 BEST Cash Grant July - June State Grants for Libraries July - June State Grant - Public Health and Environment Jan - Dec State Grant - Student Re-Engagement July - June State Grant - School Health Professionals Cohort 5 July - June State Grant - School Health Professionals Cohort 6 July - June State Grant - School Health Professionals Cohort 7 July - June State Grant - School Health Professionals Marshall Fire July - Sep State Grant - Menstrual Hygiene Products Acessibility Grant July - June State Grant - School Turnaround Leaders Development July - June State Grant - Gifted Education Universal Screening July - June State Grant - Bullying Prevention and Education Grant July - June State Grant - Career Success Pilot Program July - June State Grant - SWAP July - June State Grant - AP Exam Fees Jan - June State Grant - TGYS July - June State Grant - Local Accountability July - June State Grant - Concurrent Enrollment July - June State Grant - PWCR Postsecondary Workforce Career and Education July - June State Grant - Air Quality July - June State Grant - CCSG July - June State Grant - Public Safety July - June State Grant - High Impact Tutoring Program July - June State Grant -BrainSteps July - June Expelled and At-Risk Targeted Intervention-Justice High July - June Expelled and At-Risk - Boulder Prep July - June Expelled and At-Risk July - June EBUS - District July - June School Safety Disbursement Grant July - June SAFER: Staffing for Adequate Fire and Emergency Response July - June TOTAL STATE GRANTS TOTAL ANTICIPATED FEDERAL GRANTS BUDGET YEAR TOTAL ANTICIPATED STATE GRANTS BUDGET YEAR TOTAL LOCAL GRANTS BUDGET YEAR UNIDENTIFIED GRANTS TO BE RECEIVED** TOTAL BUDGET *

2021-22 AUDITED ACTUAL

FUNDING PERIOD

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET *

1,429 309,757 10,315 362 244,266 512,210 999,683 2,343 3,000 38,390 94,129 326,463 489,738 18,323 80,518 109,957 72,981 308,008 81,232 96,555 219,028 379,779 -

51,312 10,036 100,000 258,100 595,267 41,500 54,371 159,700 314,002 552,409 12,642 120,059 60,031 14,114 1,000 26,679 56,989 294,643 -

30,000 90,000 9,844 100,000 626,540 91,000 80,268 262,223 386,760 614,676 13,281 54,526 156,812 156,114 826,385

30,000 86,920 9,724 100,000 773,358 81,334 107,267 417,594 3,723 663,945 1,989 115,309 4,144 485,860 894,303 -

30,000 90,000 9,805 688,423 50,167 124,970 278,878 709,662 1,128,000 29,000 -

4,398,466

2,722,854

3,498,429

3,775,472

3,138,905

16,181,828 4,398,466 420,833 21,001,127

16,876,459 2,722,854 474,683 20,073,996

17,066,071 3,498,429 354,393 20,918,892

11,042,978 3,775,472 454,018 15,272,468

10,825,643 3,138,905 668,888 5,366,564 $ 20,000,000

The Budget does not include carryover dollars

** The revenue from grant sources may increase throughout the year as additional grants are received. Therefore, it is appropriate to budget a larger amount so that the district will not be restricted from receiving grant income.

20 |

2025-26 Revised Budget

Transportation Fund The Transportation Fund accounts for all transportation services; including, providing student transportation for regular school attendance and for extra-curricular activities. Funding is provided by property taxes (2005 mill levy), the Colorado Dept. of Education transportation reimbursement, a transfer from the General Fund, and paid bus usage by outside organizations. Total compensation for the 2025-26 fiscal year is $18.1M, of which $12.8M is bus driver and monitor compensation. Adjustments were made to reflect COLA, steps, PERA, and benefit rate increases across all job classes. A one-time, $500 retention stipend per FTE for returning non-Unit B employees from the 2024-25 fiscal year is included. In the 2025-26 fiscal year, it is expected that the district will continue to experience a driver shortage; however, the shortage is not expected to be as severe as prior fiscal years. Additional personnel compensation for attendance bonuses and other incentives, related directly to the extreme driver shortage previously experienced, are not anticipated as being needed and are not budgeted for in the current fiscal year. Charter buses will only be used when necessary and appropriate. In the prior fiscal year, the Universal Preschool Program changed its model from a 4-day to 5-day program, resulting in additional midday student transportation needed for regular school attendance. The model is not changing for the current fiscal year and adequate budget has been allocated to cover these anticipated expenses. For both revenue "Lease Proceeds-Software" and expense "Other Uses of Funds", the budgeted amount and actuals recognize current and future years computer software obligations under GASB 96, Subscription-Based Information Technology Arrangements. In fiscal year 2023-24, new transportation software, Tyler Technologies, was fully implemented and all necessary outlays and proceeds were recognized. The fund's total annual software expense, including Tyler, will continue to be budgeted in Transportation Services. In the 2024-25 fiscal year, the district established a $300K threshold for GASB96 reporting, which resulted in the software implemented in the 2023-24 fiscal year no longer being subject to reporting under GASB96 and the annual GASB96 restatement entry from software expense to principal and interest will no longer be needed. Effective fiscal year 2022-23, Environmental Services was rolled into Vehicle Operations Services for reporting purposes only. TOTAL EXPENDITURES AND RESERVES

TOTAL RESOURCES

Beginning Fund Balance 7% Transfer from General Fund 42%

State Categorical Reimbursement 16%

2025-26 Revised Budget

Emergency Reserve 3%

Contingency Reserve 4%

Maint & Operation 1%

Transport Services 11%

Monitor Services 11% Property Taxes 34%

Trans. Fees from Other Sources 1%

Admin of Transport Services 14%

Vehicle Operations Services 56%

| 21

Transportation Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

1,154,145

1,173,839

800,034

1,354,748

1,582,691

7,355,544 74,636 3,562,756 5,452,046

7,266,000 157,920 3,425,180 6,474,403

7,238,341 156,051 3,904,487 896,012 7,148,206

7,168,819 176,694 3,704,343 6,926,629

7,224,391 160,000 3,370,630 8,974,307

TOTAL REVENUE

16,444,982

17,323,503

19,343,097

17,976,485

19,729,328

TOTAL RESOURCES

17,599,127

18,497,342

20,143,131

19,331,233

21,312,019

195,567 118,658 2,891,006 2,398,734 9,117,011 1,704,312 -

221,689 3,267,109 2,814,452 9,689,954 1,704,104 -

211,096 3,096,294 2,902,614 9,970,361 1,664,556 896,012 25,817 21,633

241,610 2,518,215 2,848,615 10,448,529 1,691,573 -

247,781 2,447,473 3,019,150 11,909,680 2,293,691 -

TOTAL EXPENDITURES

16,425,288

17,697,308

18,788,383

17,748,542

19,917,775

RESERVES: EMERGENCY RESERVE CONTINGENCY RESERVE

597,533 796,711

TOTAL RESERVES

1,394,244

TOTAL EXPENDITURES AND EMERGENCY RESERVE

16,425,288

17,697,308

18,788,383

17,748,542

21,312,019

ENDING BALANCE

1,173,839

800,034

1,354,748

1,582,691

REVENUE: Property Taxes Trans. Fees from Other Sources State Categorical Reimbursement Lease Proceeds - Software Transfer from General Operating Fund

EXPENDITURES: Maintenance & Operations Environmental Services Transportation Services Admin of Transportation Services Vehicle Operations Services Monitoring Services Capital Outlay - Software Debt Service - Principal Debt Service - Interest

22 |

2025-26 Revised Budget

Operations & Technology Fund The Operations and Technology Fund was established in 2016-17 to account for activity that was authorized with funds made available from the passage of the 2016 Capital Construction, Technology, and Maintenance mill levy that voters approved. This levy will fund a portion of the General Operating Fund maintenance, custodial, security, and technology expenditures. The Proposed Budget includes an increase from General Fund maintenance and operations to account for maintenance and other IT projects as compared to the prior year. Resources from the levy will allow investment for ongoing preventative maintenance and repairs to extend facility life. The levy remains at 4.000 Mills, the maximum allowed by voter approval. In the budget plan for FY 26, there are projects budgeted which were unable to be completed the prior year and carrying over.

TOTAL RESOURCES Interest Revenue <1%

TOTAL EXPENDITURES AND RESERVES

Beginning Fund Balance 31%

Projects Compensation and other <1% costs Reserves 5% Other Uses of Funds Information Technology 11%

Property Taxes Election 69%

2025-26 Revised Budget

Property and Equipment 1% Allocation to Charters 9% Other ERP Implemen -tation 4%

Other Uses of Funds - Maint and Operations 65%

| 23

Operations & Technology Fund (continued) 2021-22 AUDITED ACTUAL

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

BEGINNING FUND BALANCE

$ 20,231,887

$ 19,565,698

$ 15,549,703

$ 16,161,100

$ 17,992,320

REVENUE: Property Taxes - Election Interest Revenue Lease Proceeds - Software

$ 31,904,056 -

$ 31,026,092 349,767 -

$ 37,782,355 364,980 52,315

$ 37,663,242 381,833 -

$ 40,280,830 350,000 -

TOTAL REVENUE

$ 31,904,056

$ 31,375,859

$ 38,199,650

$ 38,045,075

$ 40,630,830

TOTAL RESOURCES

$ 52,135,943

$ 50,941,557

$ 53,749,353

$ 54,206,175

$ 58,623,150

EXPENDITURES: Personnel Projects and other costs Property and Equipment Allocation to Charters Debt Service - Principal Debt Service - Interest Capital Outlay - Software Other - ERP Implementation Other Uses of Funds - Maint and Operations Other Uses of Funds - Information Technology

426,919 763,154 312,118 2,576,971 1,954,363 23,083,971 3,452,749

277,370 3,130,471 2,799,867 2,647,426 23,083,971 3,452,749

84,209 1,915,719 3,219,681 3,267,152 49,149 3,351 52,315 215,640 25,328,288 3,452,749

217,252 1,209,805 1,573,907 3,284,041 514,313 25,328,288 4,086,249

179,253 2,095,184 310,604 3,386,952 1,477,475 25,328,288 4,086,249

TOTAL EXPENDITURES

$ 32,570,245

$ 35,391,854

$ 37,588,253

$ 36,213,855

$ 36,864,005

EMERGENCY RESERVE Identified Future Projects Reserve

1,218,925 745,873

TOTAL RESERVES

1,964,798

TOTAL EXPENDITURES AND EMERGENCY RESERVE

$ 32,570,245

$ 35,391,854

$ 37,588,253

$ 36,213,855

$ 38,828,803

ENDING BALANCE

$ 19,565,698

$ 15,549,703

$ 16,161,100

$ 17,992,320

$ 19,794,347

24 |

2025-26 Revised Budget

Food Services Fund The Food Services Program will serve approximately 11,500 lunches and 4,900 breakfasts per day using the central kitchen to serve 52 schools, 3 Head Start Programs and a charter school outside of the District. In November 2025, Colorado voters passed Propositions LL and MM, which will continue the one free breakfast and one free lunch, daily, for all students. The General Fund will transfer $2.9M to the Food Service operation to cover indirect costs, personnel cost increases, utility expenses and an anticipated deficit due to federal funding cuts.

TOTAL EXPENDITURES AND RESERVES

TOTAL RESOURCES Fed. Govt. Commodities 4% Ala Carte 1%

Beginning Fund Balance 3% Transfers 17%

Other Revenues 5%

Employee Benefits 17%

Food 29%

Commodities 4% Purchased Services/ Other Object and Uses 9%

State Cash Reimbursement 35% Salaries 38%

Fed. Cash Reimbursement 35%

2025-26 Revised Budget

Reserve 2%

Non-capital Equipment 1%

| 25

Food Services Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE REVENUE: Over/Under A la Carte Regular School Lunch Federal Cash Reimbursement State Cash Reimbursement Catering Federal Government Commodities Miscellaneous Local Snack Revenue Breakfast Revenue Contract Revenues Transfer from General Operating Fund Grant Revenues

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

1,542,807

2,000,680

1,003,959

445,500

465,932

(175) 85,040 11,251,270 128,504 357,009 670,714 2,334 29,517 430,498 -

(85) 226,750 3,911,385 3,466,565 176,868 443,961 817,312 28,773 150,613 239,995 377,189 1,063,580

(138) 195,582 3,353 4,068,085 6,034,234 369,942 820,926 4,900 92,508 1,047 518,214 517,140 1,324,200

(11) 192,529 4,888 5,629,254 5,634,371 328,426 1,018,558 2,311 163,757 1,887 540,968 2,048,269 217,839

(100) 192,597 5,905,488 5,773,929 319,924 721,030 2,585 179,575 375,852 2,868,561 -

TOTAL REVENUE

$ 12,954,711

$ 10,902,906

$ 13,949,993

$ 15,783,046

$ 16,339,441

TOTAL RESOURCES

$ 14,497,518

$ 12,903,586

$ 14,953,952

$ 16,228,546

$ 16,805,373

EXPENDITURES: Personnel Purchased Services Food Commodities Other Uses Non-capital Equipment Indirect Costs Other Objects and Uses

6,605,269 213,111 3,447,969 670,714 572,990 101,238 885,547

6,811,566 163,097 2,972,774 817,311 547,736 124,853 403,227 59,063

8,090,258 224,959 3,966,124 820,926 671,455 83,273 596,752 54,705

8,595,040 227,234 4,210,142 1,018,558 617,753 262,495 787,685 43,707

9,281,478 270,573 4,735,704 721,030 577,310 146,017 616,861 45,012

TOTAL EXPENDITURES

$ 12,496,838

$ 11,899,627

$ 14,508,452

$ 15,762,614

$ 16,393,985

EMERGENCY RESERVE GAAP RESERVES

291,388 120,000

TOTAL RESERVES

411,388

TOTAL EXPENDITURES AND EMERGENCY RESERVE

$ 12,496,838

$ 11,899,627

$ 14,508,452

$ 15,762,614

$ 16,805,373

ENDING BALANCE

26 |

2,000,680

1,003,959

445,500

465,932

2025-26 Revised Budget

Student Activities Fund The Student Activities Fund accounts for a variety of school-sponsored clubs, groups and initiatives. Revenues include board approved fees, donations, and miscellaneous other revenues. Primary expenditures of the fund include school and classroom supplies, registrations, entrance fees, and personnel costs, including extra duty contracts, additional paraprofessional hours and substitute teacher costs.

Fiduciary Funds

Special Revenue Funds

Pupil Activity Fund

Student Activity Fund

Agency Fund

Expendable Trust Fund

Fiduciary Funds

Private Purpose Trust Fund Nonexpendable Trust Fund

2025-26 Revised Budget

| 27

Student Activities Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

6,263,944

7,118,591

7,386,030

7,943,597

8,725,929

2,538,102 3,640,048 2,417,734

3,273,668 4,496,446 2,821,777

3,885,779 4,699,762 3,175,042

3,976,478 5,064,230 3,418,400

4,200,000 5,500,000 2,763,736

TOTAL REVENUE

8,595,884

$ 10,591,891

$ 11,760,583

$ 12,459,108

$ 12,463,736

TOTAL RESOURCES

$ 14,859,828

$ 17,710,482

$ 19,146,613

$ 20,402,705

$ 21,189,665

1,037,468 1,714,275 4,138,948 357,021 493,525

TOTAL EXPENDITURES

7,741,237

$ 10,324,452

$ 11,203,016

$ 11,676,776

$ 12,300,000

EMERGENCY RESERVE

TOTAL EXPENDITURES/ EMERGENCY RESERVE

7,741,237

$ 10,324,452

$ 11,203,016

$ 11,676,776

$ 12,673,912

ENDING BALANCE

7,118,590

REVENUE: Board Approved Fees Donations and Contributions Miscellaneous Local and State Revenue

EXPENDITURES: Personnel Purchased Services Supplies Property and Equipment Other Uses of Funds

28 |

1,120,448 2,581,592 4,833,317 604,819 1,184,276

7,386,030

1,410,573 3,376,226 5,500,345 478,426 437,446

7,943,597

1,435,692 3,759,921 5,071,518 563,858 845,787

8,725,929

1,300,000 3,800,000 5,600,000 600,000 1,000,000

373,912

8,515,753

2025-26 Revised Budget

Front Range BOCES Fund The Front Range BOCES Fund is a custodial fund to account for activities of the Front Range BOCES. The district has an intergovernmental agreement, under which the district processes contributions and non-personnel expenditures of the Front Range BOCES. The district is acting only in a fiduciary (custodial) capacity on behalf of the Front Range BOCES. Effective 2024-25, Front Range BOCES Fund will be closed as the BOCES will have an intergovernmental agreement with another Colorado School District. BVSD is no longer a fiduciary (custodial) account and the funds were transferred at the end of 2023-24 to Front Range BOCES. 2021-22 AUDITED ACTUAL

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

BEGINNING FUND BALANCE

322,720

349,889

268,412

REVENUE: Contributions

275,933

228,590

315,000

TOTAL REVENUE

275,933

228,590

315,000

TOTAL RESOURCES

598,653

578,479

583,412

156,859 82,939 8,966

165,568 123,601 20,898

165,000 130,000 288,412

TOTAL EXPENDITURES

248,764

310,067

583,412

RESERVES: Reserved for Front Range BOCES

TOTAL RESERVES

TOTAL EXPENDITURES/RESERVES AND TRANSFERS

248,764

310,067

583,412

ENDING BALANCE

349,889

268,412

EXPENDITURES: Personnel Purchased Services Supplies and Other

2025-26 Revised Budget

| 29

Bond Redemption Fund The Bond Redemption Fund mill levy for property tax collections are set to provide the appropriate funding for the district’s debt service obligations, which are summarized in the table below. Boulder Valley’s bonds are rated Standard & Poor’s (AAA) which is the highest rating assigned by Standard & Poor's for any Colorado school district. The Bond Redemption Fund mill levy is adjusted annually to ensure adequate revenues to make all debt service payments as they become due in accordance with the debt schedule identified above. On November 8, 2022, voters approved a ballot measure authorizing the district to issue general obligation bonds in an amount not to exceed $350.0M. The bonds will be issued in two series, for the purpose of funding capital projects outlined in the district’s Facilities Master Plan. The first series of bonds were issued in April 2023 ($187.3M). The second series of bonds are expected to be issued in Spring 2026 ($162.7M). Year Ended June 30,

Principal

2026 2027 2028 2029 2030 2031 - 2035 2036 - 2040 2041 - 2045 2046 - 2050 2051 - 2053

Total

TOTAL RESOURCES

30 |

38,578,819

Total $

72,253,819

23,525,000

37,207,094

60,732,094

24,645,000

36,062,519

60,707,519

25,815,000

34,901,593

60,716,593

26,960,000

33,668,875

60,628,875

155,125,000

147,970,850

303,095,850

193,410,000

108,196,094

301,606,094

246,075,000

54,719,872

300,794,872

94,250,000

14,105,831

108,355,831

26,130,000

1,696,600

27,826,600

$ 849,610,000

$ 507,108,147

$1,356,718,147

TOTAL EXPENDITURES

Beginning Fund Balance 48%

Property Taxes 51%

33,675,000

Interest

Interest on Debt 53%

Principal Retirements 47%

2025-26 Revised Budget

Bond Redemption Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

49,678,228

50,883,707

65,997,076

66,617,078

$ 67,694,508

111,893 58,104,300 58,986

93,368 70,797,403 1,304,188

93,012 72,867,599 2,566,879

129,750 70,499,170 2,389,244

TOTAL REVENUE

58,275,179

72,194,959

75,527,490

73,018,164

$ 75,110,000

TOTAL RESOURCES

107,953,407

123,078,666

141,524,566

139,635,242

$142,804,508

21,755,000 35,312,650 2,050

22,840,000 34,239,100 2,490

32,370,000 42,535,173 2,315

31,780,000 40,158,194 2,540

$ 33,675,000 38,578,819 2,500

TOTAL EXPENDITURES

57,069,700

57,081,590

74,907,488

71,940,734

$ 72,256,319

ENDING BALANCE

50,883,707

65,997,076

66,617,078

67,694,508

$ 70,548,189

REVENUE: Delinquent Property Taxes Property Taxes Interest Income

EXPENDITURES: Principal Retirements Interest on Debt Other - Paying Agent Fees

2025-26 Revised Budget

110,000 73,000,000 2,000,000

| 31

Building Fund 2022 Bond The Building Fund will also be used to account for the district's 2022 Critical Needs Plan, which is funded by general obligation debt approved by voters in November 2022. The 2022 Critical Needs Plan represents $350M of the District’s highest priorities needing to be addressed to extend the useful life of buildings and replacing a school, New Vista High, that has reached the end of its service life. In addition to maintaining our aging buildings, the 2022 Critical Needs Plan also calls for investments in updating secondary schools to better provide opportunities for more students to gain valuable, hands-on experience, and earn college credit with career and technical education (CTE) programs. Our challenge is to prepare students for future success in careers that may not even exist today. It is imperative to create these opportunities for our graduates now to give them every advantage for success in the rapidly changing world of work. In the coming years, additional capacity will be needed in the northeastern area of the district, which is still growing. Construction of an elementary school in Erie will accommodate new students and relieve overcrowding in other district schools.

2022 Bond Project Balances Total Remaining 2022 Bond

2022 Bond Critical Needs Budget 2014 Bond Proceeds - New Vista High Bond Premium Investment Earnings, estimate School Contributions Other Contributions Total 2022 Bond

32 |

Budget

2023-2025 Cumulative Expenses

388,636,460 $ 388,636,460

147,983,840 $147,983,840

2025-2026 Estimated Expenses

88,415,042 88,415,042 Total Budget

$ 350,000,000 11,194,746 13,401,857 10,000,000 3,991,857 48,000 $ 388,636,460

2025-26 Revised Budget

Building Fund (continued)

2025-26 Revised Budget

| 33

Building Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

$ 29,896,817

16,985,348

212,431,280

168,115,548

41,843 118,397

200,736,857 2,424,428 -

7,264,325 -

4,956,714 3,991,857 48,000

$ 162,700,000 3,420,430 -

TOTAL REVENUE

160,240

203,161,285

7,264,325

8,996,571

$ 166,120,430

TOTAL RESOURCES

$ 30,057,057

220,146,633

219,695,605

177,112,119

$ 248,753,510

EXPENDITURES: Capital Outlays Bond Issuance Costs

$ 13,071,709 -

6,983,033 732,320

51,580,058 -

94,479,039 -

88,415,042 601,990

TOTAL EXPENDITURES

$ 13,071,709

7,715,353

51,580,058

94,479,039

89,017,032

ENDING BALANCE

$ 16,985,348

212,431,280

168,115,548

82,633,080

$ 159,736,478

REVENUE: Net Bond Proceeds Interest Income School Contributions Other Local Revenue

34 |

82,633,080

2025-26 Revised Budget

Building Fund (continued) Project List Elementary School Projects Location BCSIS/High Peaks Elementary Bear Creek Elementary Birch Elementary Coal Creek Elementary Columbine Elementary Community Montessori Creekside Elementary Crest View Elementary Douglass Elementary Eisenhower Elementary Emerald Elementary Fireside Elementary Flatirons Elementary Foothill Elementary Gold Hill Elementary Heatherwood Elementary Jamestown Elementary Kohl Elementary Lafayette Elementary Louisville Elementary Mesa Elementary Nederland Elementary Pioneer Elementary Ryan Elementary Sanchez Elementary Superior Elementary University Hill Elementary Whittier Elementary New School in Erie Total Elementary School Projects

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 1,157,986 $ 202,096 2,398,100 11,307 1,180,000 97,779 2,257,784 367,951 467,000 415,749 2,569,000 5,203 45,027 43,171 2,002,475 21,159 67,002 65,799 3,731,399 679,054 83,220 82,090 2,214,224 2,005,003 1,621,400 4,063,808 825,243 89,450 16,597 3,348,000 4,120 270,386 120,468 4,286,306 540,215 1,148,000 1,058,026 2,158,586 1,417,176 964,800 42,034 1,400,532 122,420 4,052,003 1,856,672 2,043,062 567,979 2,068,826 2,067,147 575,000 29,178 735,870 734,403 1,466,951 87,542 40,950,000 5,099 $ 89,416,197 $ 13,490,680

Revised 2025 - 2026 363,155 396,753 452,117 63,440 51,252 115,926 1,856 380,125 1,203 100,000 1,130 209,221 56,000 111,195 3,000 117,000 145,868 121,000 89,974 690,698 33,000 45,000 2,195,331 1,475,084 1,680 21,000 1,466 655,276 820,000 8,718,750

Anticipated Completion 2027 2028 2027 2028 2025 2028 2025 2027 2025 2028 2025 2025 2028 2028 2028 2028 2028 2028 2025 2026 2028 2028 2026 2026 2025 2028 2025 2027 2029

Revised 2025 - 2026 60,574 215,921 1,661,682 1,645,379 1,490,947 1,230,333 1,442,993 845,508 8,593,337

Anticipated Completion 2025 2025 2026 2027 2026 2027 2027 2027

Middle School Projects Location Angevine Middle Broomfield Heights Middle Casey Middle Centennial Middle Louisville Middle Manhattan Middle Platt Middle Southern Hills Middle Total Middle School Projects

2025-26 Revised Budget

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 3,466,178 $ 3,405,603 4,033,526 3,817,605 2,635,700 974,018 6,007,500 991,897 3,125,608 1,634,660 3,767,772 108,813 4,613,625 121,769 3,369,909 161,563 $ 31,019,818 $ 11,215,928

| 35

Building Fund (continued) Project List (continued) High School Projects Location Arapahoe Ridge High Boulder High Broomfield High Centaurus High Fairview High Monarch High New Vista High Total High School Projects

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 29,649,119 $ 8,160,733 18,726,249 6,060,363 16,993,682 12,942,181 15,047,905 14,067,946 21,377,231 2,344,001 15,370,576 6,313,518 52,433,841 46,295,304 $ 169,598,603 $ 96,184,046

Revised 2025 - 2026 11,623,304 10,123,859 4,051,501 979,959 2,225,921 9,057,057 6,138,537 44,200,138

Anticipated Completion 2027 2027 2026 2026 2028 2026 2026

Revised 2025 - 2026 $ 1,867,177 371,160 8,099 2,310,891 541,882 $ 5,099,209

Anticipated Completion 2027 2028 2025 2026 2028

Revised 2025 - 2026 $ 26,187 781,141 26,077 940,805 3,330,054 $ 5,104,264

Anticipated Completion 2025 2026 2025 2026 2026

Revised 2025 - 2026 $ 587,159 78,249 68,182 124,498 $ 858,088

Anticipated Completion 2025 2025 2024 2027 2027

Revised 2025 - 2026

Anticipated Completion 2025 2029 2029

PK-8 and Mid/Sr Projects Location Aspen Creek PK-8 Eldorado PK-8 Meadowlark PK-8 Monarch PK-8 Nederland Middle-Senior High Total K-8 and Mid/Sr Projects

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 6,521,392 $ 2,082,787 3,624,817 1,668,683 105,153 97,054 3,878,087 1,567,196 10,589,000 997,521 $ 24,718,449 $ 6,413,241

Charters Location Boulder Prep High Horizons K-8 Justice High Peak To Peak Summit Middle Total K-8 and Mid/Sr Projects

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 595,437 $ 569,250 1,496,816 715,676 719,155 693,077 12,401,655 11,460,850 5,242,623 1,912,569 $ 20,455,686 $ 15,351,422

District Wide Location Education Center Culinary Center Halcyon Mapleton Lafayette Bus Terminal Total District Wide

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 832,907 $ 245,748 1,375,909 1,297,660 50,959 50,960 214,000 261,000 27,131 $ 2,734,775 $ 1,621,499

Administrative Location 2014 Bond Project Completions Bond Administrative Debt Issuance Total Administrative

36 |

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 5,790,609 $ 5,790,609 2,248,000 2,285,948 1,736,857 732,320 $ 9,775,466 $ 8,808,877

(33,266) 1,004,536 971,270

2025-26 Revised Budget

Building Fund (continued) Project List (continued) Allocations Location Asbestos Removal ADA Accessibility Playgrounds Total Allocations

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 4,868,328 $ 3,229,957 688,757 $ 8,098,285 $ 688,757

Revised 2025 - 2026 $ 2,950,000 1,534,110 $ 4,484,110

Anticipated Completion 2028 2028

Anticipated Completion 2029 2029 2029

Reserves Location Bond Premium / Discount Inflation Program Reserve Total Reserves

Adjusted Building Fund Project To Date Budget 2022 - 2025 $ 1,807,766 $ 19,102,434 17,699,590 $ 38,609,790 $ -

Revised 2025 - 2026 $ 1,259,800 2,566,815 6,559,261 $ 10,385,876

GRAND TOTAL

2025-26 Revised Budget

394,427,069

153,774,450

88,415,042

| 37

Capital Reserve Fund The beginning fund balance includes carryover for projects related to facility repairs and maintenance, bus and vehicle replacements, and fiber optic cable maintenance. These items are identified and budgeted as one-time uses of funds and will not lead to an ongoing deficit. Starting in fiscal year 2023-24 through the current fiscal year, approximately $6.1M of insurance proceeds for hail damage claims have been received, with a substantial portion carrying over to the current fiscal year. The storms were in FY2019-20 and FY2022-23. The related hail damage repairs started late in the fourth quarter of the prior fiscal year 2024-25 and are budgeted to be partially completed in the current fiscal year. The current fiscal year hail damage repairs are budgeted in expenditures, under School Projects. Future hail damage repairs are budgeted in expenditures, under Identified Future Projects. Vehicle replacements, for both buses and white fleet vehicles, are budgeted for a cyclical and planned vehicle replacement schedule. National production delays, experienced for several prior fiscal years, have ended and a reasonable timeframe from ordering new vehicles and receipt has returned. The budget assumes that any buses currently on order will be received in the current fiscal year and that the purchases will be financed. The budget also assumes that all white fleet vehicles ordered will be received in the current year as well. Starting in the prior fiscal year 2024-25, the total white fleet lease payments will be budgeted in Operating Expenses, as opposed to estimating a portion to be restated as principal and interest for GASB 87, Leases. At year end, a budget adjustment will be made to align with actuals upon completion of the annual GASB 87 restatement entry from lease expense to principal and interest.

TOTAL EXPENDITURES AND RESERVES

TOTAL RESOURCES Transfer from General Operating Fund 18%

Beginning Fund Balance 58%

Miscellaneous 2%

38 |

School Projects 9%

Identified Future Projects Reserve 44%

Capital Lease Proceeds White Fleet 5% Debt Financing Buses 11%

Unplanned Projects (Emergencies) 4%

Sale of Capital Assets 5% Insurance Proceeds 1%

Emergency Reserve 2% Debt Service Principal 6%

Operating Departments 8% Capital Outlay Buses 13%

Capital Outlay White Fleet 5% Facility Maintenance 9%

2025-26 Revised Budget

Capital Reserve Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

5,003,177

5,112,662

5,141,513

$ 10,240,869

9,249,764

49,107 171,106 26,431 13,299 2,781,574

1,600,015 50,580 312,296 283,014 13,299 2,677,961

96,339 4,234,638 1,040,287 52,097 205,915 1,822,900 1,182,520 13,299 3,677,961

294,502 1,766,536 53,660 218,827 2,456,664 512,236 2,802,961

816,657 113,684 55,270 328,566 1,700,274 799,000 2,966,961

TOTAL REVENUE

3,041,517

4,937,165

$ 12,325,956

8,105,386

6,780,412

TOTAL RESOURCES

8,044,694

$ 10,049,827

$ 17,467,469

$ 18,346,255

16,030,176

583,418 524,246 26,431 886,274 878,822 32,841

431,260 406,147 2,186,657 283,014 858,493 714,835 27,908

426,397 555,729 3,159,303 1,182,520 1,071,246 764,064 67,341

477,771 660,413 5,320,211 512,236 809,846 1,216,779 99,235

1,486,209 584,664 1,281,999 2,068,820 799,000 1,488,923 942,540 97,659

TOTAL EXPENDITURES

2,932,032

4,908,314

7,226,600

9,096,491

8,749,814

RESERVES: Emergency Reserve Identified Future Projects Reserve

262,494 7,017,868

TOTAL RESERVES

7,280,362

TOTAL EXPENDITURES AND RESERVES

2,932,032

4,908,314

7,226,600

9,096,491

16,030,176

ENDING BALANCE

5,112,662

5,141,513

$ 10,240,869

9,249,764

REVENUE: Sale of Capital Assets Insurance Proceeds Local Grant Revenue Rental Income Miscellaneous Debt Financing - Buses Capital Lease Proceeds - White Fleet Transfer from Preschool Fund Transfer from General Operating Fund

EXPENDITURES: School Projects Unplanned Projects (Emergencies) Operating Departments Capital Outlay - Buses Capital Outlay - White Fleet Facility Maintenance Debt Service - Principal Debt Service - Interest

2025-26 Revised Budget

| 39

Capital Reserve Fund (continued) Project List 2025-26 Revised Budget

School Projects & Unplanned Projects (Emergencies) Culinary Center Eisenhower Transportation District Wide District Wide District Wide District Wide District Wide District Wide

Boiler Room Heat Mitigation (includes carry over) Gym Floor Replacement (includes carry over) Design For Boulder Terminal EV Chargers (includes carry over) Athletic Improvements (includes carry over) Furniture & Fixtures (includes carry over) Special Education Modifications &/or Equipment ILC Swing Inspections (includes carry over) Hail Damage Repairs (includes carry over) Unplanned Projects (Emergencies) (includes carry over) Total School Projects :

4,000 60,594 8,096 52,482 49,860 10,000 8,701 1,292,476 584,664 2,070,873

Operating Departments & District Vehicles Accounting Srvcs Food Services Information Technology Security Transportation Transportation Transportation Transportation Transportation

Debt Service - Other Professional Services Food Services Equipment Upkeep & Purchases (includes carry over) Fiber Improvements & Repairs (includes carry over) Building Improvements & Equipment (includes carry over) Preschool Safety Seats Buses - Capital Outlay (includes carry over) Vehicles - White Fleet Modifications/Equip/Rental (includes carry over) Vehicles - White Fleet Leases & Misc Fees (includes carry over) White Fleet Capital Outlay - Leases Total Operating Departments & District Vehicles :

5,000 40,000 60,108 20,095 10,000 2,068,820 90,464 1,056,332 799,000 4,149,819

Facility Maintenance District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide District Wide

Fire Safety | Suppression (includes carry over) HVAC (includes carry over) Doors & Windows (includes carry over) Elevator Repairs (includes carry over) Americans With Disabilities Act (includes carry over) Environmental Management (includes carry over) Backflow Preventer Replacement (includes carry over) Inspections (Compliance Only) (includes carry over) Concrete / Asphalt (includes carry over) Electrical (includes carry over) Grounds (includes carry over) Maintenance Equipment (includes carry over) EV Charging Stations Maint & Repairs (includes carry over) Roofing Custodial Equipment (includes carry over) Playgrounds (includes carry over) Minor Facility Improvements (includes carry over) Flooring (includes carry over) Painting (includes carry over) Plumbing (includes carry over) Total Facility Maintenance :

38,455 199,826 22,693 51,500 11,305 92,002 37,528 15,750 88,841 52,360 384,252 144,319 7,410 70,033 79,116 23,812 34,907 9,946 30,527 94,341 1,488,923

Debt Service Accounting Srvcs Accounting Srvcs

Debt Service - Principal Debt Service - Interest Total Debt Service : Reserves Emergency Reserve ( TABOR - 3% Budget ) Identified Future Projects Reserve Total Reserves : GRAND TOTAL :

40 |

$ $

942,540 97,659 1,040,199

262,494 7,017,868 7,280,362

16,030,176

2025-26 Revised Budget

Health Insurance Fund The Health Insurance Fund is an internal service fund used to account for claims, administrative fees, and stop loss insurance coverage for the district’s self-funded health insurance employee benefit programs. Effective July 1 2025 the district will no longer offer the fully funded plan through Kaiser Permanente. Employees have the option to purchase dependent coverage. For 2025-26, the district will contribute an annual premium of $9,271 per eligible employee, an increase of 4.6 percent over the prior year.

TOTAL EXPENDITURES AND RESERVES

TOTAL RESOURCES Interest Income <1% Employee Contributions 23%

Beginning Fund Balance 5%

Stop Loss Coverage and Admin Fees 7%

Reserves 3% Employee Salaries & Benefits 1% Purchased Services 1%

Employer Contributions 72%

2025-26 Revised Budget

Health Claims Paid 88%

| 41

Health Insurance Fund (continued) 2021-22 AUDITED ACTUAL BEGINNING FUND BALANCE REVENUE: Transfer from General Operating Fund Employer Contributions Employee Contributions Interest Income Miscellaneous Eco Pass Program Employee Assistance Program

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

7,226,152

8,958,298

6,515,230

5,608,124

2,205,115

27,707,559 7,065,979 11,428 28,135 71,260 68,985

28,577,334 7,392,702 184,244 274,309 73,070 73,891

30,236,787 8,809,190 268,423 45,282 68,845 79,238

2,500,000 31,637,489 8,979,186 245,337 153,477 63,126 76,130

33,404,856 10,500,000 200,000 25,000 80,000 65,000

TOTAL REVENUE

$ 34,953,346

$ 36,575,550

$ 39,507,765

$ 43,654,745

$ 44,274,856

TOTAL RESOURCES

$ 42,179,498

$ 45,533,848

$ 46,022,995

$ 49,262,869

$ 46,479,971

EXPENDITURES: Personnel Purchased Services Health Claims Paid Stop Loss Coverage and Admin Fees ACA PCORI Fee and Miscellaneous Wellness Program Employee Assistance Program Eco Pass Program

408,305 143,949 30,483,294 2,049,911 12,860 7,068 70,501 45,312

410,891 182,580 36,219,718 2,070,913 10,934 8,626 73,420 41,536

481,482 202,492 37,259,942 2,346,598 16,024 8,149 77,245 22,939

461,317 198,160 43,914,140 2,423,904 21,168 (13,615) 52,680

481,026 300,000 40,896,782 3,041,436 20,000 50,000 60,000 50,000

TOTAL EXPENDITURES

$ 33,221,200

$ 39,018,618

$ 40,414,871

$ 47,057,754

$ 44,899,244

RESERVES: Reserved for Health Benefits

1,580,727

TOTAL RESERVES

1,580,727

TOTAL EXPENDITURES AND EMERGENCY RESERVE

$ 33,221,200

$ 39,018,618

$ 40,414,871

$ 47,057,754

$ 46,479,971

ENDING BALANCE

42 |

8,958,298

6,515,230

5,608,124

2,205,115

2025-26 Revised Budget

Dental Insurance Fund The Dental Insurance Fund is an internal service fund used to account for claims and administrative fees of the district’s self-funded dental insurance employee benefit program. Employees have the option to purchase dependent coverage. For 2025-26, the district will contribute $564 per eligible employee; there is no increase from the prior year.

TOTAL RESOURCES Contributions 51%

TOTAL EXPENDITURES AND RESERVES Personnel 1%

Dental Claims Paid 49%

Reserves 47%

Beginning Fund Balance 49%

2025-26 Revised Budget

Administrative Fees 3%

| 43

Dental Insurance Fund (continued) 2021-22 AUDITED ACTUAL

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

BEGINNING FUND BALANCE

1,412,063

1,760,933

2,074,446

2,430,334

2,801,020

REVENUE: Contributions Interest Income

2,731,042 1,791

2,854,344 28,858

2,912,207 42,043

2,898,103 39,466

2,900,000 35,000

TOTAL REVENUE

2,732,832

2,883,202

2,954,250

2,937,569

2,935,000

TOTAL RESOURCES

4,144,895

4,644,135

5,028,696

5,367,903

5,736,020

EXPENDITURES: Personnel Purchased Services Dental Claims Paid Administrative Fees Supplies and Materials

50,165 8,936 2,187,488 137,373 -

51,257 6,751 2,307,302 204,379 -

74,277 9,436 2,349,219 165,430 -

70,277 9,936 2,326,051 160,619 -

71,961 15,000 2,778,967 176,000 1,000

TOTAL EXPENDITURES

2,383,962

2,569,689

2,598,362

2,566,883

3,042,928

RESERVES: Reserved for Dental Benefits

2,693,092

TOTAL RESERVES

2,693,092

TOTAL EXPENDITURES/RESERVES AND TRANSFERS

2,383,962

2,569,689

2,598,362

2,566,883

5,736,020

ENDING BALANCE

1,760,933

2,074,446

2,430,334

2,801,020

44 |

2025-26 Revised Budget

Private Purpose Trust Fund This fund is provided to account for donations received from the Jitsugyo High School Program, the will of E. Doyle Huckabay, the Barbara Carlson Scholarship, the Dr. Edwin O. Bostrom Scholarship, the Frances R. Bascom Scholarship, and the Tennyson McCarty Scholarship. Each donation is governed by a separate trust arrangement that defines how the funds, including interest earnings, are to be distributed.

Fiduciary Funds

Special Revenue Funds

Pupil Activity Fund

Student Activity Fund

Agency Fund

Expendable Trust Fund

Fiduciary Funds

Private Purpose Trust Fund Nonexpendable Trust Fund

2025-26 Revised Budget

| 45

Private Purpose Trust Fund (continued) 2021-22 AUDITED ACTUAL

2022-23 AUDITED ACTUAL

2023-24 AUDITED ACTUAL

2024-25 AUDITED ACTUAL

2025-26 REVISED BUDGET

BEGINNING FUND BALANCE TOTAL REVENUE

1,314,363 7,934

1,257,921 54,738

1,248,910 78,924

1,251,260 64,205

1,220,538 60,000

TOTAL RESOURCES

1,322,296

1,312,659

1,327,834

1,315,465

1,280,538

TOTAL EXPENDITURES

64,375

63,749

76,574

94,927

95,000

ENDING BALANCE

1,257,921

1,248,910

1,251,260

1,220,538

1,185,538

46 |

2025-26 Revised Budget