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Haxtun School District Bond/BEST Project

WEBSITE NOTICE (§ 1-7-908, C.R.S.)

 

[HAXTUN SCHOOL DISTRICT RE-2J]
 

NOTICE IS HEREBY GIVEN by the Board of Education of the above referenced school district (the “School District”) of the information required under Section 1-7-908, Colorado Revised Statutes.

 

General Fund Information

 

Year

Revenues

Expenditures

Ending Balance

 

 

 

 

July 1, 2019-June 30, 2020

4,138,510

3,864,777

1,755,366

July 1, 2020-June 30, 2021

4,160,231

4,389,754

1,633,061

July 1, 2021-June 30, 2022

4,630,650

4,436,479

1,805,927

July 1, 2022-June 30, 2023

4,766,448

4,559,948

1,991,534

July 1, 2023-June 30, 2024 (projected)

     4,664,420

4,641,176

2,014,778

 

Bond Redemption Fund Information

 

Year

Revenues

Expenditures

Ending Balance

 

 

 

 

July 1, 2019-June 30, 2020

244,793

250,458

291,990

July 1, 2020-June 30, 2021

247,919

250,088

286,325

July 1, 2021-June 30, 2022

258,878

249,960

293,073

July 1, 2022-June 30, 2023

269,924

249,833

313,164

July 1, 2023-June 30, 2024 (projected)

266,244

253,071

     326,335

 

Short Term Financial Obligation Information

 

Year

Amount Incurred During Fiscal Year

 

 

July 1, 2019-June 30, 2020

None

July 1, 2020-June 30, 2021

None

July 1, 2021-June 30, 2022

None

July 1, 2022-June 30, 2023

None

July 1, 2023-June 30, 2024 (projected)

None

 

Emergency Reserve

 

The School District’s emergency reserve required by Section 20(5) of Article X of the Colorado Constitution is held in the School District’s General Fund.

 

The School District’s emergency reserve fund has been fully funded by cash or investments for the current fiscal year and each of the last four fiscal years.

 

 

Financial Information Review

 

The School District’s audited financial statements for the last four fiscal years, any management letters that have been made public and have been provided to the School District by its auditors in connection with the preparation of its audits for the last four fiscal years, and the School District’s budget for the current fiscal year may be reviewed by any person at the following location or locations:

 

Haxtun School District Re-2J

Business Office

201 West Powell Street

Haxtun, CO  80731

 

Short term financial obligation means cash-flow debt or other financial obligation that has a term of not more than one year.