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2026-27 Preliminary Budget - 04-14-26.pdf (2,301 KB)
Regular Meeting, April 14, 2026 · item 6.1: 2026-27 Preliminary Budget · 38 pages
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Board of Education | April 14, 2026
2026-27 Preliminary Budget
Fiscal Cycle and Budget Process
March
Audit presentation to Board of Education
Current Year - Third Quarter State Revenue Forecast
NOW
December
FY 26-27
FY 25-26
FY 24-25
28-month fiscal process spanning three fiscal years
April Preliminary Budget presentation to Board of Education
May 2026 Legislative Session End
2
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Preliminary Budget ● Budget Development Timeline & Milestones ● Budget Development Input ● Enrollment ● Preliminary Budget Adjustments ● Next Steps
2026-27 Preliminary Budget - 04/14/26
3
2026-27 Budget Development Process
Timeline & Milestones
4
Last Year
FY 24-25
This Year
Next Year
FY 25-26
FY 26-27
Milestones 2026-27 Budget Development Process Milestones
1-Sep September 09-Sep
23-Sep
October 14-Oct
28-Oct
November 18-Nov
20-Sep: 2025-26 State Q1 Revenue Forecast
December 09-Dec
January 13-Jan
27-Jan
01-Nov: 2026-27 Governor’s Budget Released
09-Dec: 2025-26 Enrollment Update
07-Jan: Close 2026-27 Open Enrollment
15-Nov: BVSD First Quarter Financials
09-Dec: 2024-25 Financial Audit Update
14-Jan: Convene 2026 CO General Assembly
30-Nov: 2025-26 October Count Finalized
19-Dec: 2025-26 State Q2 Revenue Forecast
15-Jan: Initial 2026-27 Enrollment Projection
Board of Education Meeting
27-Jan: 2026-27 DAC Budget Recommendation
Board of Education Work Session
Stakeholder Input Options: •District Accountability Committee •District Parent Council •Latino Parent Advisory Council •Community Budget Input •School Leadership •Public Comments at BOE Meetings •Staff Communication
Data Input Feedback
27-Jan: Open Enrollment Lottery Results Jan 27: Meeting with Legislative Reps
February 10-Feb
24-Feb
March 10-Mar
April 14-Apr
28-Apr
February - April Staffing Allocations 01-Feb: Prior Year Consumer Price Index (CPI) Released
01-Mar: Workers’ Comp Premium Determined
14-Apr: Preliminary Budget to BOE
24-Feb: BOE Budget Work Session
01-Mar: Preliminary Unemployment Expense Estimation
15-Apr: Notice of Probable PARA FTE to be Affected
24-Feb: 2025-26 Mid-Year Financial Review
15-Mar: Notification to BVEA of Potential Reduction in Force
28-Feb: Preliminary Health & Dental Insurance Rates
15-Mar: Review / Update Enrollment Projections
30-June May
12-May
June
26-May 09-Jun
23-Jun
13-May: Adjourn CO General Assembly
20-Jun: State 2025-26 Q4 Revenue Forecast
15-May: BVSD Third Quarter Financials
30-Jun: Deadline for 2026-27 Budget Adoption
15-May: Notification to all Employees Affected by Reduction in Force 26-May: 2026-27 Proposed Budget to BOE
20-Mar: 2025-26 State Q3 Revenue Forecast
Action
5
Last Year
FY 24-25
This Year
Next Year
FY 25-26
FY 26-27
Milestones 2026-27 Budget Development Process Milestones
1-Sep September 09-Sep
23-Sep
October 14-Oct
28-Oct
November 18-Nov
20-Sep: 2025-26 State Q1 Revenue Forecast
December 09-Dec
January 13-Jan
27-Jan
01-Nov: 2026-27 Governor’s Budget Released
09-Dec: 2025-26 Enrollment Update
07-Jan: Close 2026-27 Open Enrollment
15-Nov: BVSD First Quarter Financials
09-Dec: 2024-25 Financial Audit Update
14-Jan: Convene 2026 CO General Assembly
30-Nov: 2025-26 October Count Finalized
19-Dec: 2025-26 State Q2 Revenue Forecast
15-Jan: Initial 2026-27 Enrollment Projection
Board of Education Meeting
27-Jan: 2026-27 DAC Budget Recommendation
Board of Education Work Session
Stakeholder Input Options: •District Accountability Committee •District Parent Council •Latino Parent Advisory Council •Community Budget Input •School Leadership •Public Comments at BOE Meetings •Staff Communication
Data Input Feedback
27-Jan: Open Enrollment Lottery Results Jan 27: Meeting with Legislative Reps
February 10-Feb
24-Feb
March 10-Mar
April 14-Apr
28-Apr
February - April Staffing Allocations 01-Feb: Prior Year Consumer Price Index (CPI) Released
01-Mar: Workers’ Comp Premium Determined
14-Apr: Preliminary Budget to BOE
24-Feb: BOE Budget Work Session
01-Mar: Preliminary Unemployment Expense Estimation
15-Apr: Notice of Probable PARA FTE to be Affected
24-Feb: 2025-26 Mid-Year Financial Review
15-Mar: Notification to BVEA of Potential Reduction in Force
28-Feb: Preliminary Health & Dental Insurance Rates
15-Mar: Review / Update Enrollment Projections
30-June May
12-May
June
26-May 09-Jun
23-Jun
13-May: Adjourn CO General Assembly
20-Jun: State 2025-26 Q4 Revenue Forecast
15-May: BVSD Third Quarter Financials
30-Jun: Deadline for 2026-27 Budget Adoption
15-May: Notification to all Employees Affected by Reduction in Force 26-May: 2026-27 Proposed Budget to BOE
20-Mar: 2025-26 State Q3 Revenue Forecast
Action
6
The budget development process spans many months. There are numerous options for input, with relevant data and information coming in up until budget adoption in June.
2026-27 Preliminary Budget - 04/14/26
7
2026-27 Budget Development Process
Budget Development Input
8
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Budget Development Focus ● Employee Compensation ● Strategic Initiative Investments ○ Special Education, Grad Plus ○ Strategic Plan Implementation ● Addressing Achievement Gaps, Opportunity Gaps, and Disproportionality ● Inflation ● Mitigating State Budget Cuts 2026-27 Preliminary Budget - 04/14/26
9
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Budget Development Input ● ● ● ● ● ● ● ● ●
District Accountability Committee Recommendations School Stakeholders via School Accountability Committee Latino Parent Advisory Committee Special Education Advisory Committee District Parent Council Public Comments at School Board Meetings Principals Advisory Council Superintendent’s Cabinet 12 Topics at 9 School Board Meetings
2026-27 Preliminary Budget - 04/14/26
10
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Budget Development Input ● 9 Board of Education Meetings on the Topics of: ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○
State Assessment Results, KPIs and UIP Outcomes Declining Enrollment Data Worksession BVSD BWell Action Plan Early Childhood Education and Preschool Update 2024-25 Annual Comprehensive Financial Report Enrollment Update and Trends 2026‐27 Budget Development Process, Milestones and Budget Outlook Strategic Plan Progress Update 2025-26 Revised Budget DAC Budget Recommendations for SY 26-27 Annual Enrollment Trend Report Artificial Intelligence Update
2026-27 Preliminary Budget - 04/14/26
11
2026-27 Budget Development Process
Enrollment
12
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Projected Enrollment Headcount Category
2024-25
2025-26
2026-27
2024-25 to 2026-27
General
24,533
24,046
23,664
-869
-382
Charter
2,380
2,362
2,367
-13
5
Preschool*
770
829
829
59
0
Online
230
224
210
-20
-14
27,913
27,461
27,070
–843
-391
Total Enrollment
2025-26 to 2026-27
*Preschool Enrollment reflects October of each year for comparison purposes. Projected Enrollment is actual students, not Funded FTE which includes averaging for funding purposes
2026-27 Preliminary Budget - 04/14/26
13
2026-27 Budget Development Process
Legislated Student Count Reductions
14
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
Cuts Through Changing Enrollment Averaging
Averaging
1994 Finance Act 5-Yr Avg
1448 15% Phase-In 4-Yr Avg
2024-25
368.9
2025-26
569.9
496.3
2026-27
639.6
498.4
1448 30% Phase-In 3-Yr Avg
“Smoothing Factor”
2-Yr Avg
218.5
146.3
363.2
Future PY Comp
(141.2)
(135.2)
(144.7)
(216.9)
1994 Comp
(141.2)
(276.4)
(421.1)
(493.3)
2026-27 Preliminary Budget - 04/14/26
15
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
Legislative changes to how students are counted and funded have focused on reducing the funded student count and cutting funding for schools.
2026-27 Preliminary Budget - 04/14/26
16
2026-27 Budget Development Process
Preliminary Budget
17
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Preliminary Budget ● General Operating Fund ○ ○ ○ ○ ○ ○
Base Budget Summary Revenue - Enrollment & School Finance Act Transfers Expenditures One-Time Resources & Uses Summary of Changes
● Other Funds ○
Summary of Notable Changes
● Next Steps 2026-27 Preliminary Budget - 04/14/26
18
Last Year
FY 24-25
This Year
Next Year
FY 25-26
FY 26-27
2026-27 Base Budget Summary Item
2025-2026 Revised
Reserves
2025-2026 1X
2026-2027 Base Budget
Revenue
$ 441.9M
$
0.0M
$
8.3M
$ 433.6M
Personnel
$ 372.5M
$
0.0M
$ 14.2M
$ 358.3M
Non-Personnel
$ 18.8M
$
0.0M
$ 11.6M
$
Transfers
$ 76.8M
$
0.0M
$
8.8M
$ 68.0M
Multi Year Projects
$ 14.3M
$
14.3M
$
0.0M
$ 14.3M
Reserves
$ 39.8M
$
39.8M
$
0.0M
$ 39.8M
2026-27 Preliminary Budget - 04/14/26
7.2M
19
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Revenue Item
Amount
Description
Net PPR Change
$ 3.7M
2.3% Infln, Enrollment, New SFA
25% Mill Levy Override
$ 0.9M
Index to Total Program Increase
Categorical Funding
$ 0.1M
State + 2.3%, Enrollment Decline
Services Provided to Charters
$ 0.6M
Contracted Services
Net Ongoing Revenue
$ 5.3M
Ongoing Revenue Adjustments
2026-27 Preliminary Budget - 04/14/26
20
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Transfers Item
Amount
Description
Charter Schools Fund
$ 1.3M
School Finance Act, Override
Preschool Fund
$ 0.1M
Preschool Enrichment
Transportation Fund
$ 0.2M
McKinney Vento
Net Transfer Adjustments
$ 1.6M
Ongoing Transfer Adjustments
2026-27 Preliminary Budget - 04/14/26
21
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Expenditures - Compensation Item
Amount
Description
Cost of Living Adjustment
$ 0.0M
All Employees - TBD
Salary Schedule Movement
$ 3.8M
All Employees
Other Negotiations Items
$ 0.3M
All Employees - TBD
Health/Dental Insurance
$ 1.5M
4.6% Premium Increase
Subtotal
$ 5.6M
Compensation Adjustments
2026-27 Preliminary Budget - 04/14/26
22
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Expenditures - Budget Adjustments Item
Amount
Description
Staffing Formulas
$ (2.3M)
Classroom Teacher, Para
Inflationary Cost Increases
$
Utilities
Attrition Savings
$ (2.6M)
All Employee Groups
Inflation
$
0.1M
Software Contracts
APEX Expansion
$
0.4M
New Programs - 3.0 FTE Teacher
Subtotal
$ (3.7M)
2026-27 Preliminary Budget - 04/14/26
0.7M
Budget Adjustments
23
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 General Fund - Ongoing Summary Item
Change
Revenue
$
5.3M
PPR, Mill Levy, Other
Ongoing Balance Available
$
0.0M
2025-26 Ongoing Balance
Legislative Actions
$
0.0M
Potential Funding
Total Resources
$
5.3M
Compensation
$
5.6M
Total Compensation Adjs
Budget Adjustments
$ (3.7M)
Utilties, Staffing, Inflation
Transfers
$
1.6M
Charter
Total Uses
$
3.5M
Ending Balance
$
1.8M
2026-27 Preliminary Budget - 04/14/26
Description
24
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 One-Time Expenditures Item
Amount
Description
Staffing Reserve
$ 2.5M
Enrollment Inefficiencies
Special Education Support
$ 1.3M
Moderate Needs Program
Curriculum
$ 0.1M
Health Services
Sub Teacher Pay
$ 1.5M
Professional Dev; Emeritus
Communications
$ 0.2M
Showcase and BVSD Marketing
Subtotal 1
$ 5.6M
Budget Adjustments
2026-27 Preliminary Budget - 04/14/26
25
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 One-Time Reserves & Transfers Item
Amount
Description
TABOR & Contingency
$ 0.3M
Reserves of 3% & 4%
Subtotal 2
$ 0.3M
Budget Adjustments
2026-27 Preliminary Budget - 04/14/26
26
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 One-Time Uses Summary Item
Amount
Description
Projected Fund Balance
$ 11.5M
One-Time Funds Available
Subtotal 1
$ 5.6M
Expenditures
Subtotal 2
$ 0.3M
Transfers & Reserves
Net One-Time Available
$ 5.6M
2026-27 Preliminary Budget - 04/14/26
27
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 General Fund Summary - Total Budget Item
Base
New 1X
New Ongoing
Total
Revenue
$ 433.6M
$
0.0M
$
5.3M
$ 438.9M
Prior Yr 1X and Ongoing
$
0.0M
$ 11.5M
$
0.0M
$
Total Resources
$ 433.6M
$ 11.5M
$
5.3M
$ 450.4M
Personnel
$ 358.3M
$
5.3M
$
1.1M
$ 364.7M
Non-Personnel
$
7.2M
$
0.3M
$
0.8M
$
8.3M
Transfers and Reserves
$
68.0M
$
0.3M
$
1.6M
$
69.9M
Total Uses
$ 433.5M
$
5.9M
$
3.5M
$ 442.9M
Ending Balance
$
$
5.6M
$
1.8M
$
2026-27 Preliminary Budget - 04/14/26
0.1M
11.5M
7.5M
28
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Revenue Sensitivity ● Legislative Changes ○ ○ ○
Long Bill has been introduced School Finance Act TBD Limited legislative desire to make changes
● Midyear Recission ○
Aggressive revenue target selected by JBC
● Enrollment ○
Each additional 0.1% Decline (25 Students)
2026-27 Preliminary Budget - 04/14/26
29
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Other Funds - Notable Items ● Community Schools Fund ○ ○
Adding High School scoreboard advertising and marketing Adding initial Sundance impacts
● Preschool Fund ○ ○ ○
Third year of UPK structure of funding No state communication on funding rate changes for state resources Likely third year of funding below inflation
2026-27 Preliminary Budget - 04/14/26
30
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Other Funds - Notable Items ● Transportation Fund ○
$0.2M ongoing transfer for McKiney Vento support from an expected Title I funding reduction
● Charter School Fund ○ ○
$1.3M estimated transfer for PPR, overrides and enrollment growth $37.2M total General Operating Fund ongoing transfer
2026-27 Preliminary Budget - 04/14/26
31
2026-27 Preliminary Budget
Strategic Investments 32
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Prelim Budget - Strategic Investments Investment
Ongoing
One-Time
Future
Weighted/Differentiated Funding
$5.2M
$11.5M
UVA PLE Cohorts
$0.1M
Strategic Plan Support Team
$0.9M
Mental Health Advocates
$1.8M
CTE Programming
$4.2M
Dual Immersion Expansion
$0.9M
FET Teams
$0.2M
2026-27 Preliminary Budget - 04/14/26
$2.1M
33
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Prelim Budget - Strategic Investments Investment
Ongoing
Wellness Rooms*
One-Time
Future
$0.7M
Curriculum
$2.0M
Restorative Practices
$0.1M
Assessments
$0.2M
MTSS
$0.2M
Professional Development
$0.6M
Total Investments*
$10.2M
$6.9M
$13.6M
*Includes 2026-27 Preliminary Budget Assumptions
2026-27 Preliminary Budget - 04/14/26
34
2026-27 Preliminary Budget
Strategic Realignment of Administrative 35
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Strategic Realignments ● Finalizing budget reductions in Central Office to be included in final budget ○ Encompasses all Divisions ○ Sensitivity to impacts on schools, leaders and educators ○ Opportunity to redirect these resources to ongoing needs in schools
2026-27 Preliminary Budget - 04/14/26
36
2026-27 Budget Development Process
Next Steps
37
Last Year
FY 24-25
This Year
FY 25-26
Next Year
FY 26-27
2026-27 Budget Development Next Steps ● May 13 - 2026 Legislative Session Ends ● May 26 - 2026-27 Proposed Budget Public Input ● May 26 - BOE Meeting - 2026-27 Proposed Budget Study ● June 09 - Tentative 2026-27 Budget Adoption
2026-27 Preliminary Budget - 04/14/26
38