Beg.Fund Balance Resolution.pdf (95 KB)

BOARD OF EDUCATION BOULDER VALLEY PUBLIC SCHOOLS BOULDER, COLORADO 2025-2026 BEGINNING FUND BALANCE RESOLUTION (NO. 26-05) AUTHORIZING THE USE OF A PORTION OF BEGINNING FUND BALANCES AS AUTHORIZED BY COLORADO STATUES WHEREAS, C.R.S. 22-44-105 states that a budget, duly adopted pursuant to this article, shall not provide for expenditures, inter-fund transfers, or reserves, in excess of available revenues and beginning fund balance. WHEREAS, the Board of Education may authorize the use of portion of the beginning fund balance in the budget, stating the amount to be used, the purpose for which the expenditure is needed, and the district’s plan to ensure that the use of the beginning fund balances will not lead to an ongoing deficit. WHEREAS, the Board of Education has determined the beginning fund balances in the General Operating Fund, Transportation Fund, Preschool Fund, Food Services Fund, Capital Reserve Fund, Health Insurance Fund, Dental Insurance Fund, Private Purpose Trust Fund, and Charter School Component Units are sufficient to allow the one-time expenditures, and the action will not lead to an ongoing deficit. NOW, THEREFORE, BE IT RESOLVED: In accordance with C.R.S. 22-44-105, the Board of Education authorizes the use of the portion of the FY2025-26 Beginning Fund Balances for the following funds: •

The General Operating Fund will be using $26,295,158 of the beginning fund balance on one-time uses. The following expenditures are identified as one-time uses: ▪ Textbook Carryover - $6,134,779 ▪ Differentiated Funding Transfer (FTE) - $9,000,000 ▪ Net Transfers Other Funds – ($211,899) ▪ Staffing Reserve (FTE) - $2,697,901 ▪ Staff Compensation per Negotiations - $3,970,329 ▪ Medicaid Carryover - $1,508,417 ▪ Special Education Staffing Reserve Carryover (FTE) - $1,089,991 ▪ Special Education Staffing Needs (FTE) - $1,056,083 ▪ Sub Teacher Pay - $1,000,000 ▪ Strategic Plan Implementation – $1,000,000 ▪ Impact on Education donation (FTE) and other - $1,395,285 ▪ Department Carryover - $859,675 ▪ Operations and Maintenance - $450,000

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PERA Audit - $400,000 Grad Plus Building Coordinators - $388,621 Instructional Staff – October Count (FTE) – $385,613 SRA Carryover - $380,110 Special Education Out of District Placements - $351,000 Information Technology - $329,851 Special Education Settlements - $320,000 Textbook and Materials - $310,378 Legal Office - $300,000 Heatherwood STEAM Program - $216,026 Campus Monitors (FTE) - $210,723 Translation - $175,000 BVSD Showcase - $130,000 Human Resource Staffing and Recruitment (FTE) - $112,000 Grad Plus Support Stipends - $111,512 Market Survey and Salary Adjustments - $100,000 Unit C Snow Stipend - $109,127 Security PD and Badging - $84,180 Concurrent Enrollment - $60,000 Grad Plus Support Software - $50,000 READ Act Carryover - $49,872 Health Curriculum - $35,000 Credit Recovery - $30,000 Communications Marketing and Support - $25,000 Curricular Software Support - $36,500 Family Engagement Team Support Year 3 of 5 - $7,920 Seal of Climate Literacy - $5,000

These items are identified and budgeted as one-time uses of funds and therefore will not lead to an ongoing deficit. •

The Transportation Fund will be using $188,447 of the beginning fund balance beyond required reserves for a one-time project and a one-time retention stipend for returning employees from the 2024-25 fiscal year. Both items are identified and budgeted as one-time uses of funds and therefore will not lead to an ongoing deficit.

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The Preschool Fund will be using $105,321 of the beginning fund balance beyond required reserves to cover changes in funding from the Colorado Department of Early Childhood.

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The Food Services Fund will be using $54,544 of the beginning fund balance beyond required reserves to cover additional labor and food costs based on the current year’s increased demand.

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The Capital Reserve Fund will be using $1,969,402of the beginning fund balance beyond required reserves. Carryover funds are 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 therefore will not lead to an ongoing deficit.

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The Health Insurance Fund will be using $624,388 of the beginning fund balance to cover estimated medical claims.

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The Dental Insurance Fund will be using $107,928 of the beginning fund balance to cover improved preventive care benefits for the preferred provider level.

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The Private Purpose Trust Fund will be using $35,000 of the beginning fund balance for scholarships based on each donor’s criteria.

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Each charter school elects its own governing board, which is responsible for developing their respective budgets. Each governing board determines the use of its beginning fund balance within legal limits. Expenditure adjustments are made from year to year within available resources.

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BE IT FURTHER RESOLVED, the use of this portion of the beginning fund balance for the purpose/s set forth above will not lead to an ongoing deficit.

Adopted this ____ day of January 2026. BOULDER VALLEY SCHOOL DISTRICT RE-2

By:___________________________________ Nicole Rajpal, President Board of Education Attest: _________________________________ Laura Shafer, Secretary