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Colorado Department of Education

Financial Transparency

Fiscal Year
2022 - 2023

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Fremont RE-2 (1150)

403 WEST 5TH STREET
FLORENCE, CO 81226

Students Info
1,394
Total Students Served
Serves Elementary School Grades Serves Middle School Grades Serves High School Grades Rural
SCHOOLS IN DISTRICT

Narrative

quotes A message from:
Jacque Corsentino
Director of Business Services
Fremont RE-2
July 01, 2024
Fremont School District RE-2 serves close to 1300 students in preschool through twelfth grades and employs approximately 220 teachers, administrative and support staff. Fremont RE-2 provides transportation to students in our district. These costs are not detailed by location/school but district-wide. Likewise, our Nutrition, Maintenance and Technology Departments do not make large purchases by school location but are also district wide. Fremont RE-2 strives to operate in a conservative manner, ... Fremont School District RE-2 serves close to 1300 students in preschool through twelfth grades and employs approximately 220 teachers, administrative and support staff. Fremont RE-2 provides transportation to students in our district. These costs are not detailed by location/school but district-wide. Likewise, our Nutrition, Maintenance and Technology Departments do not make large purchases by school location but are also district wide. Fremont RE-2 strives to operate in a conservative manner, always with the focus of providing our students with the best educational opportunity. The majority of operating revenue (80%) comes from Total Program Funding. Tax Revenues make up 24.5% of the program funding with the remaining 75.5% from equalization funds. Local funding makes up 6%, state makes up 4% and federal revenue is approximately 10%. Fremont Re-2 has just completed an air quality improvement project at our elementary school through BEST and matching district funds. ESSER III funds were been utilized to make this project possible. The district also utilized several grants this year. The School Workforce Nursing Grant which allowed the addition of two additional nurses year one and 1.5 nurses in year two. This grant goes through June 2024. We received a Fremont Multi District Initiative Grant for medical and other pathways to improve programming for schools in Florence, Canon City and Cotopaxi school districts as well as Pueblo Community College. We were also awarded the School Counselor Corp Grant that can be utilized for three years to improve mental health services to each of our schools by adding an additional counselor beginning in 2022-2023 and going through 2024-2025. We are working on completing several large capital projects in the district thanks to our voters passing a 25 million dollar bond initiative in 2022-2023. We were able to build a new cafeteria on-site at Fremont Elementary School, added a new CTE Building and an additional gym at Florence Jr/Sr High School and did some major safety upgrades at Penrose Elementary. All three buildings are getting upgrades to their vestibules for added safety.

Spending

Current Spending Per Student
$12,125
Current Spending per Student
$14,845
State Average

School Level Spending per Student
  • Federal
    $280
  • State/Local
    $7,792
  • Total
    $8,073
School Share of Central Spending per Student
  • Federal
    $1,020
  • State/Local
    $3,033
  • Total
    $4,052

Current District Spending

  1. Learning Environment
    Learning Environment
    73%
  2. Operations
    Operations
    27%
Learning Environment Expenditures
Learning Environment
$12,385,576

View Learning Environment Breakdown

Operations Expenditures
Operations
$4,517,034

View Operations Breakdown

$16,902,610

Total

Long-Term Spending
Construction, Debt, Refinancing & Other
Construction, Debt, Refinancing & Other

View Contruction Funds Breakdown

These expenditures are those not associated with day-to-day operation of school activities and, therefore, are not included in the per-student spending calculation. They are comprised of major construction projects, debt payments, acquisition of land, and other programs.

$10,820,369

Total

Total District-Allocated Spending

$27,722,979

Totals may not sum due to rounding

Funding and Revenues

Funding

  1. Local
    Local
    33%
  2. State
    State
    53%
  3. Federal
    Federal
    14%
Local Fundings and Revenues
Local
$8,585,632

View Local Fund Breakdown

State Fundings and Revenues
State
$13,590,095

View State Fund Breakdown

Federal Fundings and Revenues
Federal
$3,563,456

View Federal Fund Breakdown

$25,739,183

Total

Other Fundings and Revenues

Other revenues not received through local, state, or federal sources. They include proceeds from the sale of bonds, accrued interest, and other extraordinary items.

$28,664,533

Total

Total Funding

$54,403,716

View Property Tax Breakdown