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Colorado Department of Education

Financial Transparency

Fiscal Year
2022 - 2023

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Platte Canyon 1 (2600)

57393 US HIGHWAY 285
BAILEY, CO 80421

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Students Info
797
Total Students Served
797
Non-Charter School Students
Serves Elementary School Grades Serves Middle School Grades Serves High School Grades Rural
3 View School List
SCHOOLS IN DISTRICT

Narrative

quotes A message from:
Ashley Stephen
Director of Business Services
Platte Canyon School District 1
July 01, 2024
The Platte Canyon 2023 budget year saw the district facing new challenges in the way of staffing, facilities maintenance and educational programming. Rapidly increasing costs, especially those related to instructional materials, supplies, and utilities were apparent throughout the district. Targeted areas for the FY23 budget included but were not limited to: • Adopting and purchasing of new geography for 9th grade, 9th-12th statistics, and district wide replacement of English Language Arts ... The Platte Canyon 2023 budget year saw the district facing new challenges in the way of staffing, facilities maintenance and educational programming. Rapidly increasing costs, especially those related to instructional materials, supplies, and utilities were apparent throughout the district. Targeted areas for the FY23 budget included but were not limited to: • Adopting and purchasing of new geography for 9th grade, 9th-12th statistics, and district wide replacement of English Language Arts workbooks • Negotiating competitive health care and benefits packages for district staff in order to better aid retention efforts • Increases in mandatory PERA contribution as mandated by Colorado State legislation • Continued focus on development of the long-term district Master Plan and sustainability modeling for a K-12 unified campus to promote district wide efficiency, safety and fiscal awareness • Sales of end of life equipment with revenues from sales targeted at vehicle replacement schedules and deferred maintenance costs The District continued to focus on available grant funding securing additional resources from The Colorado Early Literacy Program, Small Rural Achievement funding and continued work with Federal funds provided for COVID relief via the ESSER grant programs, which helped to upgrade HVAC systems at our elementary in winter of 2022. The FY23 budget included an emergency increase for classified staff to address immediate needs due to staffing vacancies as well as a mid-year increase for all licensed staff members to help mitigate staff turnover amidst highly competitive pay increases in neighboring Districts.

Spending

Current Spending Per Student
$15,260
Current Spending per Student
$14,845
State Average
School Level Spending per Student
  • Federal
    $578
  • State/Local
    $9,088
  • Total
    $9,666
School Share of Central Spending per Student
  • Federal
    $79
  • State/Local
    $5,515
  • Total
    $5,594

Current District Spending

  1. Learning Environment
    Learning Environment
    70%
  2. Operations
    Operations
    30%
Learning Environment Expenditures
Learning Environment
$8,482,307

View Learning Environment Breakdown

Operations Expenditures
Operations
$3,679,463

View Operations Breakdown

$12,161,770

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.

$2,031,302

Total

Total District-Allocated Spending

$14,193,072

Totals may not sum due to rounding

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Funding and Revenues

Funding

  1. Local
    Local
    50%
  2. State
    State
    40%
  3. Federal
    Federal
    10%
Local Fundings and Revenues
Local
$6,716,033

View Local Fund Breakdown

State Fundings and Revenues
State
$5,454,459

View State Fund Breakdown

Federal Fundings and Revenues
Federal
$1,299,059

View Federal Fund Breakdown

$13,469,551

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.

$0

Total

Total Funding

$13,469,551

View Property Tax Breakdown

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