FPP: Accreditation Report Changes for FY11-12
1.
Question or Issue:
Changes made to Accreditation Report for FY11-12 based on HB1240 (Clean Up Bill)
2.
Any Prior FPP Action:
N/A
3.
Discussion Points/Department Recommendation or Observations (if any)::
Several Changes were made to the FY11-12 Accreditation Report based on HB1240
1.
Have you posted on the website of the school district, filed with the state board of
education, made available for public inspection during regular business hours and filed
with the board of trustees of the largest public library within the school district, any and
all subsequent collective bargaining agreements entered into by the board of education,
within ten working days following the date of ratification of each agreement? (Revised or
Changed Agreements) C.R.S. 22-32-109.4
Why: Collective Bargaining Agreements no longer need to be filed with the State Board
of Education.
2.
Additional/New questions added to the FY11-12 Accreditation Report:
Has the district/BOCES reported positive unassigned fund balances for all governmental
funds and positive unrestricted net assets for all proprietary funds in the basic financial
statements of the annual financial report? C.R.S. 22-44-105(1.5)(a) & (c) and 22-44-102
(7.5) Are positive amounts reported in Balance Sheet codes 6770 or 6792 and on
such lines in the basic financial statements in the annual financial report?
If you answered ‘no’ to the question regarding reporting positive unassigned fund
balances for all governmental funds and positive unrestricted net assets for all
proprietary funds, does the district/BOCES utilize the budgetary basis of accounting?
Does the District/BOCES include in the annual audited financial statements and final
version of the amended budget a reconciliation of the fiscal year end fund balance based
on the budgetary basis of accounting and modified accrual basis of accounting that
incorporates (but is not limited to) the liability for accrued salaries and benefits? C.R.S.
22-44-105 (1.5)(b)
4.
FPP Action, Decision Made:
N/A
5.
Further Action/Research Needed/Table for Future Meeting:
6.
Effective Date:
EDAC Approved Accreditation Report 5-10-2012