Resolution 26-21 2026-2027 Beg. Fund Balance Resolution.pdf (91 KB)

BOARD OF EDUCATION BOULDER VALLEY PUBLIC SCHOOLS BOULDER, COLORADO 2026-2027 BEGINNING FUND BALANCE RESOLUTION (NO. 26-21) 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, Differentiated School Support Fund, Athletics Fund, Preschool Fund, Operations and Technology Fund, Student Activities Fund, Bond Redemption Fund, Building 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 FY2026-27 Beginning Fund Balances for the following funds: •

The General Operating Fund will be using $16,021,150 of the beginning fund balance on one-time uses. The following expenditures are identified as one-time uses: ▪ Long Range Planning - $5,000,000 ▪ Staffing Reserve (FTE) - $2,500,000 ▪ Staff Compensation per Negotiations - $2,531,760 ▪ Special Education Staffing Needs (FTE) including Reserve $3,371,700 ▪ Sub Teacher Pay - $1,500,000 ▪ Strategic Plan Implementation – $1,000,000 ▪ Operations and Maintenance - $271,000 ▪ Grad Plus Building Coordinators - $275,000 ▪ Textbook and Materials - $940,487 ▪ Campus Monitors (FTE) - $432,070

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BVSD Showcase - $175,000 Grad Plus Support Stipends - $111,494 Security - $6,000 Health Curriculum and FTE - $294,000 Human Resources - $16,600 Credit Recovery - $30,000 Family Engagement Team Support Year 4 of 5 - $7,920 Preschool Transfer – BVEA Compensation - $192,584 Community Schools Transfer – ($25,000) Food Service Transfer - $(483,566)

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

The Differentiated School Support Fund will be using $5,315,315 of the beginning fund balance beyond required reserves to continue the sixth year of the support allocated as part of the District’s Strategic Plan to help schools close the opportunity and achievement gap in the District.

•

The Athletics Fun will be using $1,395 of the beginning fund balance beyond required reserves to support athletic operational expenses due to lower projected revenue.

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The Preschool Fund will be using $5,084 of the beginning fund balance beyond required reserves to cover summer pay for community liaisons.

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The Operations & Technology Fund will be using $853,489 for identified projects and personnel in operations and support for ERP implementation.

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The Student Activities Fund will be using $830,000 of the beginning fund balance beyond required reserves. Carryover funds will be used to support ongoing student activities in 2026-27.

•

The Bond Redemption Fund estimates decrease in fund balance which is primarily due to timing differences related to the District’s 2026 bond issuances, including the 2026B refunding of the 2015 bond series, as well as associated debt service and escrow transactions.

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The Building Fund will be using $63,321,114 in alignment with the 2022 Critical Needs Plan. This plan represents the District's highest priorities needing to be addressed to extend the useful life of buildings, including updating secondary schools, achieve sustainability goals, and improve technical education (CTE) programs.

•

The Capital Reserve Fund will be using $2,189,307 of 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. •

The Health Insurance Fund will be using $2,418,083 of the beginning fund balance to cover estimated medical claims.

•

The Dental Insurance Fund will be using $109,625 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 $45,000 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 June 2026. BOULDER VALLEY SCHOOL DISTRICT RE-2

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