Colorado Department of Education

Financial Transparency

Fiscal Year
2020 - 2021

Home
Students Info
224
Total Students Served
Serves Elementary School Grades Serves Middle School Grades Serves High School Grades Rural
SCHOOLS IN DISTRICT

Narrative

quotes A message from:
Diane Brunner Jones
Bookkeeper
Otis School District R-3
June 1, 2022
Please consider the context when evaluating financial transactions. Some transactions may appear improper on the surface but are perfectly normal and justifiable when placed in the proper context. We welcome your questions regarding our financial transactions or records. Please consider the context when evaluating financial transactions. Some transactions may appear improper on the surface but are perfectly normal and justifiable when placed in the proper context. We welcome your questions regarding our financial transactions or records.

Spending

Current Spending Per Student
$15,577
Current Spending per Student
$12,383
State Average

School Level Spending per Student
  • Federal
    $299
  • State/Local
    $6,344
  • Total
    $6,642
School Share of Central Spending per Student
  • Federal
    $2,229
  • State/Local
    $6,705
  • Total
    $8,935

Current District Spending

  1. Learning Environment
    Learning Environment
    78%
  2. Operations
    Operations
    22%
Learning Environment Expenditures
Learning Environment
$2,651,846

View Learning Environment Breakdown

Operations Expenditures
Operations
$764,953

View Operations Breakdown

$3,416,800

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.

$266,057

Total

Total District-Allocated Spending

$3,682,856

Totals may not sum due to rounding

Funding and Revenues

Funding

  1. Local
    Local
    25%
  2. State
    State
    60%
  3. Federal
    Federal
    15%
Local Fundings and Revenues
Local
$978,325

View Local Fund Breakdown

State Fundings and Revenues
State
$2,377,209

View State Fund Breakdown

Federal Fundings and Revenues
Federal
$580,524

View Federal Fund Breakdown

$3,936,057

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

$3,936,057

View Property Tax Breakdown