Required Financial Transparency

Colorado Revised Statutes, 22-44-304
(Commencing July 1, 2016)
Individual School Site Financial Information

 

American Academy Financials

American Academy Adopted Budgets

2017-2018 Budget

2016-2017 Budget

2015-2016 Budget

 

American Academy Financial Audits

Ending 6/30/16

Ending 6/30/15

Ending 6/30/14

 

Quarterly Financial Statements

September 2016 (Quarter 1)

December 2016 (Quarter 2)

March 2017 (Quarter 3)

 

September 2015 (Quarter 1)

December 2015 (Quarter 2)

March 2016 (Quarter 3)

 

September 2014 (Quarter 1)

December 2014 (Quarter 2)

March 2015 (Quarter 3)

 

Salary Schedules and Policies

Support Staff Salary Bandings

Teaching Staff Salary Bandings

Employee Leave and Benefits Policy

Employee Evaluations Policy

 

Accounts Payable Check Registers

2016-2017 Check Register

2015-2016 Check Register

2014-2015 Check Register

 

Credit, Debit and Purchase Card Statements

2016-2017 AmEx Corporate Credit Card Statement

2015-2016 AmEx Corporate Credit Card Statement

2014-2015 AmEx Corporate Credit Card Statement


2016-2017 AmEx Corporate Purchasing Credit Card Statement

2015-2016 AmEx Corporate Purchasing Credit Card Statement

2014-2015 AmEx Corporate Purchasing Credit Card Statement

 

Investment Performance Statements

2016-2017 ColoTrust Performance Statements

2015-2016 ColoTrust Performance Statements

2014-2015 ColoTrust Performance Statements

 

2016-2017 Community Banks of Colorado Money Market Performance Statements

 

2016-2017 Citiwide Money Market Performance Statements

2015-2016 Citiwide Money Market Performance Statements

2014-2015 Citiwide Money Market Performance Statements

 

 

Financial Policies

Authorized Signatures and Purchasing Policy

Credit Card Policy

Financial Planning and Budgeting Policy

Fiscal Accounting and Reporting Policy

Internal Audit Policy

 

 

Disclaimer

Please consider the 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.

Public information submitted to the Colorado Department of Education may be viewed on the CDE Schoolview Website.

 

 

American Academy Informational Summary

American Academy's fiscal year begins July 1 and ends June 30. Our school uses a modified accrual method of fund accounting, and our chart of accounts aligns with that of the Colorado Department of Education (CDE). A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives, as designated by Colorado state statute. American Academy monitors these funds to ensure and demonstrate compliance with finance related legal requirements. Our Board of Directors reviews financial statements each month during the working session of the Board's regular meetings. These financial statements are unaudited and are not adopted by the Board but are available to the public.

American Academy is required to submit a budget to Douglas County School District (DCSD) and the CDE prior to commencement of each fiscal year; generally in the month of May. We are allowed to make revisions to our budget during the fiscal year, but our final version must be submitted to DCSD and the CDE in December. All budget revisions are adopted by the Board of Directors and are available to the public.

The school's audit report is generally issued in September following the close of the fiscal year. With the exception of our first year of operations, our school elects to have an independent audit performed, rather than being included in the audit performed for DCSD; however, our audit report must be provided to DCSD in September and our school is included as a component unit within DCSD's audit report. The independent audit reports are adopted by the Board of Directors and are available to the public.

American Academy follows the Financial Transparency Standards issued by the Colorado Department of Education. If you would like to inquire about American Academy revenue or expense items, please contact us at board@aak8.org.

 

Colorado Open Records Act (CORA)

Colorado Open Records Act (CORA) requests will be handled in accordance with DCSD's CORA policy. For questions or to submit a CORA request, please email American Academy's Communications Manager.

 

 

Contact Information

Amanda Lane-Cline
Executive Director of Schools, American Academy
Phone: 720-292-5200
Email: acline@aak8.org

Alison Rausch
President, American Academy Board of Directors
Email: board@aak8.org

Jen Tucker
Operations Lead
American Academy Business Office
6971 Mira Vista Lane
Castle Pines, CO 80108
Phone: 720-292-5200
Fax: 720-733-2641

Douglas County School District
620 Wilcox Street
Castle Rock, CO 80104
Phone: 303-387-0100

Colorado Department of Education
School Finance Division