§ 22-44-101. Short Title
This part 1 shall be known and may be cited as the “School District Budget Law of 1964”. Source: L. 64: p. 617, § 1. C.R.S. 1963: § 123-32-1.
§ 22-44-102. Definitions
As used in this part 1, unless the context otherwise requires: “Appropriation” means the setting aside by resolution of a specified amount of money for a fund with an authorization to make expenditures and incur obligations for the purposes thereof. “Board of education” or “board” means the governing body of a school district. “Contingency” means […]
§ 22-44-103. Budget and Appropriation – Required
The board of education of each school district shall adopt a budget and an appropriation resolution for each fiscal year, prior to the beginning of the fiscal year. The board shall ensure that the district uses the full accrual basis of accounting when budgeting and accounting for any enterprise funds included in the district budget. […]
§ 22-44-103.5. Budget for 1992 Transitional Fiscal Year – Budget Years Thereafter
In order to implement the change in the school district fiscal year on July 1, 1992, the six-month period beginning on January 1, 1992, and ending on June 30, 1992, shall be the 1992 transitional fiscal year. The board of education of each school district shall adopt a budget and an appropriation resolution for such […]
§ 22-44-103.7. Budget Provisions for the 2021-22 Budget Year – Repeal
Notwithstanding any provision of law to the contrary, for the 2021-22 budget year: A board of education shall prepare and submit a proposed budget in accordance with section 22-44-108 not later than June 23, 2021; After submission of a proposed budget, but not later than June 25, 2021, the board of education shall publish a […]
§ 22-44-104. Failure to Adopt Budget or Appropriation
If a board of education fails or neglects to adopt a budget or an appropriation resolution prior to the beginning of the ensuing fiscal year as required by section 22-44-103, then ninety percent of the amounts budgeted and appropriated to the funds, functions, and objects by the last duly adopted budget and appropriation resolution shall […]
§ 22-44-105. Budget – Contents – Mandatory
The budget shall be presented in the standard budget report format established by the state board of education by rule pursuant to subsection (5) of this section. The standard budget report format established by the state board shall be substantially consistent from year to year and shall adhere to the following guidelines: The budget shall […]
§ 22-44-106. Contingency Reserve – Operating Reserve
Repealed. A board of education may provide for an operating reserve in the general fund, which reserve shall not exceed fifteen percent of the amount budgeted to the general fund for the current fiscal year. Such operating reserve shall not be appropriated nor shall any moneys therein be expended during the fiscal year covered by […]
§ 22-44-107. Appropriation Resolution – Required
The board of education of each school district shall adopt an appropriation resolution at the time it adopts the budget. The appropriation resolution shall specify the amount of money appropriated to each fund; except that the operating reserve authorized by section 22-44-106 (2) shall not be subject to appropriation for the fiscal year covered by […]
§ 22-44-108. Preparation of Budget
The board of education shall each year cause to be prepared a proposed budget for the ensuing fiscal year. A statement shall be submitted with the proposed budget describing the major objectives of the educational program to be undertaken by the school district during the ensuing fiscal year and the manner in which the budget […]
§ 22-44-109. Notice of Budget – Publication
Within ten days after submission of the proposed budget, the board of education shall cause to be published a notice stating that the proposed budget is on file at the principal administrative offices of the school district; that the proposed budget is available for inspection during reasonable business hours; that any person paying school taxes […]
§ 22-44-110. Budget – Consideration – Adoption
Any person paying school taxes in the school district is entitled to attend the meeting of the board of education at which the proposed budget for the district will be considered. At such meeting, the board shall review the functions and objects of the proposed budget. Any taxpayer or his representative is entitled to file […]
§ 22-44-111. Budget – Filing
The board of education shall cause the adopted budget and the appropriation resolution to be placed on file at the principal administrative office of the school district, where they shall remain throughout the fiscal year and be open for inspection during reasonable business hours. and (3) Repealed. Source: L. 64: p. 622, § 11. C.R.S. […]
§ 22-44-112. Transfer of Moneys
A board of education shall not transfer moneys from one fund to another, except as authorized and in the manner prescribed by this part 1. A board of education may transfer by resolution any unencumbered moneys from one fund to another, except the transportation fund, the special building and technology fund, or the bond redemption […]
§ 22-44-113. Borrowing From Funds
A board of education may borrow unencumbered moneys from any one fund, except the bond redemption fund, for the use of another fund at any time. All moneys borrowed from a fund pursuant to this subsection (1) shall be repaid to said fund when needed to meet the obligations of said fund, and all revenues […]
§ 22-44-114. Record of Expenditures
Each board of education shall maintain a complete set of books of account as required by law. Source: L. 64: p. 624, § 14. C.R.S. 1963: § 123-32-14.
§ 22-44-115. No Obligation in Excess of Appropriation
A board of education of a school district shall not expend any moneys in excess of the amount appropriated by resolution for a particular fund. Repealed. Except as provided otherwise by this section, any obligation of a contract, verbal or written, which requires expenditures contrary to the provisions of subsection (1) of this section shall […]
§ 22-44-115.5. Fiscal Emergency – Effect on Budget
During any budget year, if the board of education of the school district determines that the anticipated revenues specified in the budget and the amounts appropriated in the budget for expenditure exceed the actual revenues available to the school district due, in whole or in part, to action by the general assembly or the governor […]
§ 22-44-116. Malfeasance – Removal
Any school director, officer, or employee of a school district who knowingly and willfully violates any provision of this part 1 or fails to perform any duty required by this part 1 is guilty of malfeasance in office or position of employment and, upon conviction thereof, the court shall order that such school director, officer, […]
§ 22-44-119. Fiscal Emergency Restricted Reserve
For the 2009-10 budget year, each school district and the state charter school institute shall budget a total dollar amount determined by the department of education to a fiscal emergency restricted reserve in the general fund. The amount budgeted by each school district and the state charter school institute shall be released for expenditure by […]