2245-R-1.00 Applicability.

The rules stated herein shall apply to Colorado public school districts. The term districts shall include both public school districts and boards of cooperative educational services. 2245-R-2.00 Summary Budget Format.

Districts shall utilize a summary budget format in presenting their budgets. The summary budget format shall be understandable to any layperson and shall meet the following criteria.

2.01 The budget format shall allow comparisons of revenues and expenditures among districts by pupil.

2.02 The budget format shall itemize expenditures of the district by fund and by pupil. The budget shall describe the expenditure and show the amount budgeted for the current fiscal year and the amount budgeted for the ensuing fiscal year.

2.03 The proposed expenditures and anticipated revenues in the budget shall be supported as needed by explanatory schedules or statements of sufficient detail to judge the validity thereof, including a statement which summarizes the aggregate of revenues, appropriations, assets, and liabilities of each fund in balanced relations. The budget shall disclose planned compliance with section 20 of article X of the state constitution.

2.04 The summary budget shall be presented annually to the community on the summary budget report adopted periodically by the state board of education. The summary budget report form will reflect the criteria required by rules 2245-R-2.00 through 2.03. 2245-R-3.00 Statement of Basis and Purpose.

The basis for these rules is found in C.R.S. Article 44 of Title 22, School District Budget Law; as well as in Section 22-2-107(1)(c) which relates to the duties of the state board of education. School District Budget Law requires the state board of education to establish in rule and regulation a summary budget format that meets certain criteria relating to the need for the public to be able to understand and compare school district budgets. These rules establish a summary budget format and require school districts to utilize the summary budget report adopted by the state board of education in presenting their budget to the community.