1. FY 2011 Comprehensive Annual Financial Report Presentation December 13, 2011

2. 2 Tonight’s Presentation Financial Highlights Long Term Debt General Fund Performance Other Fund Performance Enterprise Funds Audit Results Significant Deficiencies Advisory Comments Management’s Response to Audit

3. 3  General Obligation (GO) Redemption Bonds - $543.2 M Outstanding plus $264.2 M in Interest o$86,405,000 Refunding Bonds Issued September 2010 Resulted in $3.2M savings to District taxpayers oFuture Refunding Opportunities  Certificates of Participation (COP) - $27.5 M Outstanding plus $11.3 M in Interest o $13,920,000 COP Debt (2009)– SkyView Charter School o $14,125,000 COP Debt (2006) – Lone Tree Magnet Elem o $ 5,075,000 COP Debt (2003) – D.C. Oakes Renovation Long Term Debt (Pgs 54 – 61)

4. 4 Combined General Fund (2006 – 2011) General Fund 201120102009200820072006 Assigned/Restricted $ 39.6 M$ 24.4 M$ 14.5 M$ 12.4 M$ 11.6 M$10.3 M Unassigned 26.8 M21.7 M6.1 M7.8 M24.1 M24.6 M Total General Fund $ 66.4 M$ 46.1 M$ 20.6 M$ 20.2 M$ 35.6 M$ 34.9 M

5. 5 Combined General Fund Balance (GASB 54 Compliance) FUND BALANCES – Reference Pg 34 Non-spendable - Inventories (includes)727,782 Non-spendable Prepaids35,000 Restricted for Emergencies (TABOR)11,745,301 Reserved for Insurance (Risk Management)783,884 Assigned & Reported to: Full Day Kindergarten4,490,780 Schools8,528,797 Departments8,302,279 Transportation Fund249,425 Insurance Reserve Fund (Risk Management )783,884 Early Separation Agreement4,759,164 Unassigned26,815,727 Total Combined General Fund Balances66,438,139

6. 6 Combined General Fund Expenditures by Object (pg 77)

7. 7 General Fund Revenue Trend

8. 8 Mill Levy $ Per Student

9. Other Fund Results 9 Transportation Fund (pg 83) - $540,000 Capital Projects Funds (pgs 88-91) Capital Projects - $12.3 M Bond Building - $14.6 M Capital Reserve Fund – Phasing Out Bond Redemption Fund (pgs 86-87) - $59.3 M Medical Risk Fund (pgs 96-97) - $6.4 M (Internal Service Fund)

10. 10 Enterprise Funds

11. 11 Nutrition Services (Pgs 92-93) FY 2011 FY 2010

12. 12 B.A.S.E. Before & After School Enterprise (pgs 94-95) FY 2011 FY 2010