1 Colo. Code Regs. § 301-38.2244-R-4.00

Current through Register Vol. 48, No. 1, January 10, 2025

Rule 1 CCR 301-38.2244-R-4.00 - 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; Article 30.5 of Title 22, Charter Schools; as well as in Section 22-2-107(l)(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 and the adopted annual budget data to the department of education.

4.01 Statement of Basis and Purpose Amendments. The 2010 changes to the rules are being made due to statutory amendments included in HB 08-1388, HB 10-1013, HB 10-1171, SB 09-256, and SB 10-161.

The rules are being modified to include charter school collaboratives for purposes of applicability, elimination of the budget reporting requirements to the department, addition of a required uniform summary sheet format to the budget process, and expansion of the 3% emergency reserve requirement to allow a letter of credit or designation of real property.

1 CCR 301-38.2244-R-4.00