Article 44 of Title 22, C.R.S.
Part 3
Public School Financial Transparency Act
With the passage of HB10-1036, The General Assembly enacted the "Public School Financial Transparency Act", which directs local education providers to post financial information on-line, in a downloadable format, for free public access.
No later than July 1, 2010, the Financial Policies and Procedures Advisory Committee of the Department shall create a template for voluntary use by local education providers needing assistance with the on-line posting of the information specified. The template may include both the type of electronic file posted as well as the information to be included in the posting. The Committee may take into consideration any existing templates or reports developed by the Department for purposes of financial reporting.
Timeline for Compliance: (All documents must be posted or updated within 60 days after completion or receipt of the applicable report, statement or document)
Commencing July 1, 2010
· FY2009-10 and FY2010-11 Annual Budgets
o District Budget Document
o Uniform Budget Summary Sheet - (Link to Document)
(Please note that the Uniform Budget Summary Sheet does not meet mandatory budget content as required in 22-44-105 C.R.S., it is required to be included in the budget)
· FY2009-10 Financial Audit
· Quarterly Financial Statements - (Link to Sample)
· Salary Schedules or Policies
Additionally, Commencing July 1, 2011
· Accounts Payable Check Registers
· Credit, Debit and Purchase Card Statements
Additionally, Commencing July 1, 2012
· Investment Performance Reports or Statements
Prior two budget years' financial information shall be maintained on-line, in a downloadable format, for free public access, until the end of the current budget year.
Webpage Template Samples
For additional information, E-Mail: Terry Christensen