Executive Budget Summary updated
Changes do not impact the Adopted Budget passed by Board of Education
CASTLE ROCK – Douglas County School District’s Financial Plan & Budget Executive Summary, which was presented to the Board of Education during its June 9, 2016 Special Meeting, has been updated.
A community member noticed an issue with the numbers in the FY 2015-2016 Estimated Actuals presented within the Executive Summary. Due to an issue with a formula in the Excel spreadsheet, the Ending Fund Balance showed a $35.3 million discrepancy.
The error and corresponding correction in no way change the FY 2016-2017 Budget that was approved by the Board during their June 9 meeting. The Estimated Actuals are a projection, provided as a tool to the Board, but are not used to determine the budget.
“The Douglas County School District thanks the community member that brought the issue to its attention. We appreciate the scrutiny, as DCSD’s goal is to provide the public with accurate financial information about the District,” said Chief Financial Officer Bonnie Betz.
CLICK HERE to read the FY 2016-2017 Financial Plan & Budget Executive Summary. The FY 2016-2017 Budget Book is expected to be completed this fall.