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We comply with the Public School Financial Transparency Act.

Academy District 20 strives for strong financial health by providing financial guidelines and policies, authorizing use of funds and using recommended business practices, internal controls and accountability reports.

The district budgeting and accounting practices are governed by the Academy District 20 Board of Education Ends and the Executive Limitations. We follow Generally Accepted Accounting Principles (GAAP) established by the Governmental Accounting Standards Board (GASB) for both accounting and budgeting. Each year the Board of Education adopts and appropriates a budget no later than June 30.

With the passage of HB 10-1036, The Colorado General Assembly enacted the "Public School Financial Transparency Act,” which directs local education providers to post financial information online, in a free downloadable format.

Colorado Revised Statutes, 22-44-304, Commencing July 1, 2018 

Other District-Specific Financial Information

The adopted budgets, financial audits, and salary schedules must be posted or updated within 60 days after completion or receipt of the applicable report, statement or document. The Financial Data Files for a particular year are required to be posted no later than March 1st of the following year. The list of waivers must be updated or posted within 30 days after a waiver is revoked or a new waiver is granted.

Disclaimer: Please consider 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.

Business Services

Business Services provides an array of services to the district, including financial planning, payroll, risk management, procurement and facilities management.

Business Services

Location
Education and Administration Center
1110 Chapel Hills Dr.
Colorado Springs, CO 80920