The Center Consolidated School District 26JT (CCSD) fiscal
year begins July 1st and ends June 30th. Our District 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. CCSD
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.
CCSD is required to submit a budget to 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
the CDE in December. All budget revisions are adopted by the Board of Directors
and are available to the public.
