CRIPPLE CREEK-VICTOR SCHOOL DISTRICT NO. RE-1
NOTICE REQUIRED FOR ELECTION TO CREATE FINANCIAL OBLIGATION
NOTICE IS HEREBY GIVEN by Cripple Cree k-Victor School District No. Re-1 (the “District”) of the following information required under Section 1-7-908, Colorado Revised Statutes, for an election to create a financial obligation.
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General Fund Information
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Fiscal Year |
Revenues |
Expenditures |
Ending Balance |
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July 1,2003-June 30, 2004 |
$4,834,271 |
$4,564,566 |
$1,433,566 |
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July 1,2004-June 30, 2005 |
$4,602,839 |
$4,478,721 |
$1,487,118 |
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July 1,2005-June 30, 2006 |
$5,092,110 |
$4,992,987 |
$1,318,292 |
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July 1,2006-June 30, 2007 |
$4,936,860 |
$4,878,711 |
$1,376,441 |
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July 1,2007-June 30, 2008 (estimated) |
$5,004,641 |
$5,004,641 |
$1,376,441 |
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Bond Redemption Fund Information
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Fiscal Year |
Revenues |
Expenditures |
Ending Balance |
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July 1,2003-June 30, 2004 |
$354,885 |
$338,275 |
$1,487,990 |
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July 1,2004-June 30, 2005 |
$334,849 |
$335,284 |
$1,487,555 |
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July 1,2005-June 30, 2006 |
$361,644 |
$334,772 |
$1,478,708 |
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July 1,2006-June 30, 2007 |
$357,702 |
$332,813 |
$1,503,597 |
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July 1,2007-June 30, 2008 (estimated) |
$359,637 |
$359,637 |
$1,503,597 |
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Short Term Debt Information†
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Fiscal Year
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Amount Incurred During Fiscal Year |
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July 1,2003-June 30, 2004 |
$175,294 |
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July 1,2004-June 30, 2005 |
0 |
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July 1,2005-June 30, 2006 |
0 |
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July 1,2006-June 30, 2007 |
0 |
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July 1,2007-June 30, 2008 (estimated) |
0 |
Emergency Reserve
The District’s emergency reserve required by Section 20(5) of Article X of the Colorado Constitution is held in the General fund.
The District’s emergency reserve has been fully funded by cash or investments for the current fiscal year and each of the last four fiscal years.
Financial Information Review
The District’s audited financial statements for the last four fiscal years, any management letters that have been made public and have been provided to the District by its auditors in connection with the preparation of its audits for the last four fiscal years, and the District’s budget for the current fiscal year may be reviewed by any person at the following location or locations:
Cripple Creek-Victor Schools
410 North B Street
Cripple Creek, Colorado 80813
† Short term debt means cash-flow debt or other financial obligation that has a term of not more than one year.