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Colorado Department of Education

Financial Transparency

Fiscal Year
2021 - 2022

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districtFremont Re-2

Penrose Elementary School (6858)

100 ILLINOIS
PENROSE, CO 81240

Student Info
326
Total Students Served
Serves Elementary School Grades Serves Middle School Grades rural-school-colored

Narrative

quotes A message from:
Jacque Corsentino
Director of Business Services
Fremont School District RE-2
July 01, 2023
Fremont School District RE-2 serves over 1340 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 ... Fremont School District RE-2 serves over 1340 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 is in the process of completing an air quality improvement project at our elementary school through BEST and matching district funds. ESSER III funds have been utilized to make this project possible. The district also received several new grants this year. The School Workforce Nursing Grant which allows the addition of two additional nurses. This grant goes through 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. 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.

Spending

Current Spending Per Student
$10,140
Current Spending per Student

View Per Student Spending Calculation

$13,509
State Average

School Level Spending per Student
  • Federal
    $321
  • State/Local
    $6,383
  • Total
    $6,704
School Share of Central Spending per Student
  • Federal
    $753
  • State/Local
    $2,683
  • Total
    $3,436
Current School Spending
  1. Learning Environment
    Learning Environment
    86%
  2. Operations
    Operations
    14%
Learning Environment Expenditures
Learning Environment
$1,884,405

View Learning Environment Breakdown

Operations Expenditures
Operations
$301,302

View Operations Breakdown

$2,185,707

Total

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

View Construction 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.

$0

Total

Total School-Allocated Spending

$2,185,707

Totals may not sum due to rounding

Current School Share of Central Spending

  1. Learning Environment
    Learning Environment
    41%
  2. Operations
    Operations
    59%
Learning Environment Spending
Learning
Environment

$463,656
Central Operations Expenditures
Operations
$656,692
$1,120,347

Total

$3,306,054

Grand Total of Spending at this school