ACS Financial Page
Academy Charter School's fiscal year begins July 1st and ends June 30th. Our school uses a modified accrual method of fund accounting, and our chart of accounts aligns with that of the Colorado Department of Education (CDE). A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives, as designated by Colorado state statute. Academy Charter School monitors these funds to ensure and demonstrate compliance with finance related legal requirements. Our Governing Board reviews financial statements each month during the Board's regular meetings.
Academy Charter School is required to submit a budget to Douglas County School District (DCSD) and the CDE prior to commencement of each fiscal year; generally in the month of April. We are allowed to make revisions to our budget during the fiscal year, but our final version must be submitted to DCSD and the CDE in October. All budget revisions are adopted by the Governing Board and are available to the public.
The school's audit report is generally issued in September following the close of the fiscal year. Our school elects to have an independent audit performed, rather than being included in the audit performed for DCSD; however, our audit report must be provided to DCSD in September and our school is included as a component unit within DCSD's audit report. The independent audit reports are adopted by the Governing Board and are available to the public.
Public information submitted to the Colorado Department of Education may be viewed on the CDE Schoolview Website as well.
Budgets
Approved Budget 09-10Revised Budget 2010-2011
Current Fiscal Year Quarterly Unaudited Statements:
Financial Statements July 2010 to March 2011Audits
Audit 08-09Audit 09-10
Audit 10-11
Check Register
Check Register Q1 2011Douglas County School Disctric Financial Page