Notice of Financial Information 2025
County of Adams and the City and County of Broomfield, Colorado
At the election to be held on November 4, 2025, Adams 12 Five Star Schools, County of Adams and the City and County of Broomfield, Colorado (the “District”) is submitting one ballot issue concerning the creation of debt or financial obligations.
Pursuant to §1-7-908(1) C.R.S., the following financial information is provided:
I. District’s Ending General Fund Balance by Fiscal Year
|
Fiscal Year |
Ending Balance |
|---|---|
|
2025-2026 (projected) |
$ 104,201,132 |
|
2024-2025 (unaudited) |
$ 116,465,160 |
|
2023-2024 (audited) |
$ 119,723,623 |
|
2022-2023 (audited) |
$ 100,693,644 |
|
2021-2022 (audited) |
$ 94,070,963 |
II. Total Revenues In and Expenditures From the District’s General Fund by Fiscal Year
|
Fiscal Year |
Revenues In |
Expenditures From |
|---|---|---|
|
2025-2026 (projected) |
$ 508,748,073 |
$ 521,012,101 |
|
2024-2025 (unaudited) |
$ 510,892,544 |
$ 514,151,007 |
|
2023-2024 (audited) |
$ 502,371,037 |
$ 483,341,058 |
|
2022-2023 (audited) |
$ 475,597,419 |
$ 468,974,738 |
|
2021-2022 (audited) |
$ 427,508,410 |
$ 410,832,869 |
III. Amount Incurred by the District for Cash Flow Purposes – by Fiscal Year
(Debt or other Financial Obligation with not more than one year term)
|
Fiscal Year |
Cash Flow Borrowings |
|---|---|
|
2025-2026 (projected) |
$ 0 |
|
2024-2025 (unaudited) |
$ 0 |
|
2023-2024 (audited) |
$ 0 |
|
2022-2023 (audited) |
$ 0 |
|
2021-2022 (audited) |
$ 0 |
IV. The District’s Emergency Reserve Required by § 20(5) of Article X of the Colorado Constitution has been Fully Funded by Cash or Investments for the following Fiscal Years
|
Fiscal Year |
Emergency Reserve Held In General Fund |
|---|---|
|
2025-2026 (projected) |
Fully Funded |
|
2024-2025 (unaudited) |
Fully Funded |
|
2023-2024 (audited) |
Fully Funded |
|
2022-2023 (audited) |
Fully Funded |
|
2021-2022 (audited) |
Fully Funded |
V. District’s Ending Bond Redemption Fund Balance by Fiscal Year
|
Fiscal Year |
Ending Balance |
|---|---|
|
2025-2026 (projected) |
$ 144,260,560 |
|
2024-2025 (unaudited) |
$ 109,976,584 |
|
2023-2024 (audited) |
$ 110,880,343 |
|
2022-2023 (audited) |
$ 71,678,333 |
|
2021-2022 (audited) |
$ 124,376,814 |
VI. Total Revenues In and Expenditures From the District’s Bond Redemption Fund by Fiscal Year
|
Fiscal Year |
Revenues In |
Expenditures From |
|---|---|---|
|
2025-2026 (projected) |
$ 81,735,014 |
$ 47,451,038 |
|
2024-2025 (unaudited) |
$ 76,412,934 |
$ 77,316,693 |
|
2023-2024 (audited) |
$ 80,042,597 |
$ 40,840,587 |
|
2022-2023 (audited) |
$ 74,994,387 |
$ 127,692,868 |
|
2021-2022 (audited) |
$ 72,198,121 |
$ 59,478,401 |
VII. Any person may review the District’s
1. audited Financial Statements for the last four Fiscal Years,
- FY2024-2025 (unaudited) – available online upon acceptance by Board
- FY2023-2024 (audited) – ACFR for FY ended June 30, 2024
- FY2022-2023 (audited) – ACFR for FY ended June 30, 2023
- FY2021-2022 (audited) – ACFR for FY ended June 30, 2022
2. any Management Letters made public and provided to the District by the District’s Auditors for the last four Fiscal Years, and
No Management Letters were made public. All Reports to Governance provided to the District by the District’s Auditors are for Board of Education and Management use only.
3. the Budget for the current Fiscal Year
FY 2025-2026 – Adopted Budget for FY Ending June 30, 2026
or at the following location:
Adams 12 Five Star Schools
1500 East 128th Avenue
Thornton, CO 80241
Telephone: (720) 972-4000