Required Financial Transparency

Colorado Revised Statutes, 22-44-304 

(Commencing July 1, 2020)

Salary Schedule

Approved Waivers

Rationale for Automatic Waivers

• Douglas County School District – Financial Transparency Webpage
• Financial Transparency for Colorado Schools Website
• Colorado Department of Education – School Finance Division

NOTE: Charter schools are not required to post a financial data file as the charter school’s data is incorporated into the school district’s posted financial data file.

Ben Franklin Academy (BFA) operates utilizing a fiscal year beginning July 1st and ending June 30 of the following year.  In addition, BFA uses a modified accrual method of accounting and is aligned with the Colorado Department of Education’s Chart of Accounts.  Financial statements are reviewed and monitored by their governing Board of Directors as well as a Finance Committee with a minimum of 3 parent representatives on a monthly basis.

The Finance Committee works with BFA’s Business Manager in overseeing the BFA’s budget and audits.  Member’s bios can be found under ‘Finance Committee Members’ at the top of this webpage.

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.  If you would like to inquire about financial information, please contact us at finance@bfacademy.org.

Numbers as of October 1 each year

This website contains historical information as well as information that is not historical.  Non-historical information constitutes “forward-looking statements” which can be identified by the use of forward-looking terminology such as “believes,” “expects,” “plans,” “intends,” “estimates,” “projects,” “could,” “may,” “will,” “should,” or “anticipates” or the negatives thereof, other variations thereon or comparable terminology, or by discussions of strategy. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. Such statements are based on the school’s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those relating to the school’s financial and operating prospects, current economic trends, future opportunities, ability to retain existing students and attract new ones, outlook of students and student families, and strength of competition in the surrounding school community. We caution you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. We undertake no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after releasing this supplemental information or to reflect the occurrence of unanticipated events, except as required by law.