Notice of Financial Information
Each school day brings nearly 7,000 Eagle County students through our doors. They learn with teachers in classrooms and on field trips, eat nutritious food in lunchrooms, receive care in nurses' offices, and have fun while exercising their bodies on playgrounds. They participate in numerous programs including special education; gifted education; and a host of diverse teams, clubs, and after-school activities. Up-to-date technology, reliable transportation, personalized counseling, and school security are also vital facets of the students' day-to-day routine.
We aim to be responsible stewards of the taxpayer resources entrusted to our care in order to fulfill the larger District goal of providing a world-class educational experience to each and every student. This includes balancing our budget, managing and allocating resources, meeting our financial obligations, ensuring accountability, and conforming to both District policy and State and Federal laws.
Visit the Financial Transparency page for free public access to many financial information documents.Eagle County School District is committed to providing a clear view of how tax dollars are spent and how the District operates.
Please consider the context when evaluating financial transactions. We welcome your questions regarding our financial transactions or records.
Where does school funding come from?Per Pupil Funding determined by Colorado = local funding from property tax + state equalization funding = $7,587.00/pupil at ECSD (2015-2016)
The State of Colorado has a complex financial formula that results in a "per pupil funding" amount. This amount multiplied by projected enrollment yields the total funding for the district. The State uses information from the local tax assessor's office to get the assessed value of real estate in the county, including residential and commercial property. The State also collects the specific ownership tax (vehicle tax) from the assessor's office. These values multiplied by the tax rate yields the "local share" of public school funding. The State subtracts the local share from the per pupil funding amount allocated to the district. The State then funds the difference between the two amounts with "equalization funds." Equalization funds are called that because they account for a variety of factors that influence equal funding across the state.
Only about 30% of local property taxes fund our schools
Communities across the state can authorize additional investment in their schools only through a "mill levy override" that is passed by voters during an election. In 2015-16 Eagle County generates override funding of 2.174 mills which equates to approximately 13.8% of Total Program Funding. Many communities have maximized their mill levy override at 25% of Total Program Funding.
Comprehensive information about the Eagle County Schools adopted budget and financial reporting is posted on the FINANCE page.