Agenda Item
Meeting Date: 12/13/2018 - 5:00 PM
Category: Adoption of Consent Agenda
Type: Action
Subject: FY 2018 Douglas County School District CDE Audit Accreditation Report
End Statements:
End Statement V Financial Well-Being
Financial Well-Being
Enclosure: Attachment #1: Fiscal Year 2018 Audit CDE Accreditation Report
Attachment #2: Fiscal Year 2018 District Fiscal Health Analysis
Attachment #3: Fiscal Year 2018 Charter School Fiscal Health Analysis
File Attachment:
Fiscal Year 2018 Audit CDE Accreditation Report.pdf
District Fiscal Health Calcs.pdf
Charter Fiscal Health Calcs 17-18.pdf
Summary : I. Colorado State Statute, C.R.S. 22-11-206(4)(a)(I)&(II), requires that this Accreditation Report be approved and submitted with the Fiscal Year 2018 Comprehensive Annual Financial Report and Audit.

II. We are also submitting for your review the Fiscal Year 2018 District and Charter School Fiscal Health Analyses. These summary reports address both the District data and all 19 of our ongoing charter schools.

The ratios used in this analysis are the same ratios used by the State Auditor as well as our District rating agencies to determine the fiscal health of the District and our charter schools. Please note that the benchmark target is included in the title of each ratio. In general, we scrutinize any charter school that has three years in a row of data that does not meet benchmarks.
Recommendation: Staff recommends the Board of Education approve the Fiscal Year 2018 CDE Audit Accreditation.
Recommended By:
Signed By:
Scott S. Smith - Chief Financial Officer
Signed By:
Dr. Thomas Tucker - Superintendent
Vote Results:

Original Motion
Member Krista Holtzmann Moved, Member Anthony Graziano seconded to approve the Original motion 'Staff recommends the Board of Education approve the Fiscal Year 2018 CDE Audit Accreditation.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0.
The motion Carried 6 - 0