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
Authorized Signatures and Purchasing Policy
Credit Card Policy
Financial Planning and Budgeting Policy
Fiscal Accounting and Reporting Policy
Internal Audit Policy
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
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
AA's Communications Manager.
Executive Director of Schools, American Academy
President, American Academy Board of Directors
Operations Lead, American Academy Business Office
6971 Mira Vista Lane
Castle Pines, CO 80108
Douglas County School District
620 Wilcox Street
Castle Rock, CO 80104
Colorado Department of Education