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Meeting Date:
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3/4/2025 - 5:00 PM
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Category:
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Policy Governance
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Type:
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Info
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Subject:
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Proposed Revisions to Fiscal Management Policies: DB, DB-R, DFA, DID, DIE, and DN - First Reading (20-Minute Discussion)
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End Statements:
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End Statement V Financial Well-Being Financial Well-Being
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Enclosure
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Attachment #1: Board Policy DB, Annual Budget (Redline) - First Reading 03.04.2025
Attachment #2: Board Policy DB, Annual Budget (Clean) - First Reading 03.04.2025
Attachment #3: Board Policy DBR, Annual Budget (SBB Model) Regulation (Redline) - First Reading 03.04.2025
Attachment #4: Board Policy DBR, Annual Budget (SBB Model) Regulation (Clean) - First Reading 03.04.2025
Attachment #5: Board Policy DFA, Cash Management and Investment (Redline) - First Reading 03.04.2025
Attachment #6: Board Policy DFA, Cash Management and Investment (Clean) - First Reading 03.04.2025
Attachment #7: Board Policy DID, Capital Asset Reporting and Inventories (Redline) - First Reading 03.04.2025
Attachment #8: Board Policy DID, Capital Asset Reporting and Inventories (Clean) - First Reading 03.04.2025
Attachment #9: Board Policy DIE, Annual Audit (Redline) - First Reading 03.04.2025
Attachment #10: Board Policy DIE, Annual Audit (Clean) - First Reading 03.04.2025
Attachment #11: Board Policy DN, School Property Disposal Procedure (Redline) - First Reading 03.04.2025
Attachment #12: Board Policy DN, School Property Disposal Procedure (Clean) - First Reading 03.04.2025
Attachment #13: Board Policy DN, School Property Disposal Procedure (Redline) - First Reading 03.04.2025 (UPDATED)
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File Attachment:
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Summary :
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The Board of Education will consider the first reading of the following policies, all edits were reviewed by the Fiscal Oversight Committee:
Board Policy DB, Annual Budget – The proposed revisions provide additional clarity and update legal references.
Board Policy DBR, Annual Budget (SBB Model) Regulation - The proposed revisions provide additional clarity, specifically related to school carry-over monies.
Board Policy DFA, Cash Management and Investment Policy – The proposed revisions provide additional clarity and add reference to Superintendent Policy DFA-R.
Board Policy DID, Capital Asset Reporting and Inventories – The proposed revisions provide Superintendent delegation clarification and increase the capitalization threshold to $10,000 to align with new Uniform Grant Guidance thresholds (from $5,000 to $10,000). DCSD requests that changes be implemented on July 1, 2025 to align with the beginning of the fiscal year as opposed to a mid-year change.
Board Policy DIE, Annual Audit – The proposed revisions provide additional clarity and remove the reference to the Public School Finance Act of 1994 as it is soon to be outdated, and removes the calculation of fiscal year spending as the District has fully de-bruced the TABOR requirement.
Board Policy DN, School Property Disposal Procedure - The proposed revisions provide additional clarity on the type of property being discussed and updates the procedure used on real property to better reflect current practices.
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Funding:
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Recommendation:
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Information only.
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Approvals:
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Recommended By:
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Signed By:
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Jana Schleusner - Chief Financial Officer
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Signed By:
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Mary Kay Klimesh - General Counsel
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Signed By:
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Erin Kane - Superintendent
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