Source: The Ending General Fund Balances are from the audited financials or Comprehensive Audited Financial Reports (CAFRs) of each school district. The GAAP Basis Ending Fund Balances are used in order to compare across school districts. Some school districts use budgetary basis and some use GAAP basis for budgeting. In order to be able to compare across school districts, the audited financials must be used as all school districts must report their Ending Fund Balance in GAAP Basis.To see an example of a school district that uses budgetary basis, view page 60 of the Cherry Creek School District’s CAFR. The highlighted numbers at the bottom of the page depict the ending General Fund balance according to budgetary basis and and according to GAAP basis. The GAAP basis is used to compare to Douglas County School District, as DCSD only reports under GAAP basis. Using the GAAP basis numbers is required in order to present an “apples-to-apples” comparison.
|DCSD CAFRs can be downloaded at https://dcsdk12.org/BusinessServices/cafr/index.htm.|
|Cherry Creek CAFRs can be downloaded at http://www.cherrycreekschools.org/FiscalServices/Accounting/Pages/Comprehensive-Annual-Financial-Report.aspx.|
|JeffCo CAFRs can be downloaded at http://www.jeffcopublicschools.org/finance/documents/cafr/index.html.|
|Littleton CAFRs can be downloaded at http://www.littletonpublicschools.net/Default.aspx?tabid=9578.|