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Colorado Senate Bill SB153

Colorado 2025 Regular Session

Colorado Senate Bill SB153 Compare Versions

Only one version of the bill is available at this time.
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11 First Regular Session
22 Seventy-fifth General Assembly
33 STATE OF COLORADO
44 INTRODUCED
55
66
77 LLS NO. 25-0627.01 Megan McCall x4215
88 SENATE BILL 25-153
99 Senate Committees House Committees
1010 Education
1111 A BILL FOR AN ACT
1212 C
1313 ONCERNING ADDITIONAL PUBLIC SCHOOL FINANCIAL REPORTING101
1414 REQUIREMENTS.102
1515 Bill Summary
1616 (Note: This summary applies to this bill as introduced and does
1717 not reflect any amendments that may be subsequently adopted. If this bill
1818 passes third reading in the house of introduction, a bill summary that
1919 applies to the reengrossed version of this bill will be available at
2020 http://leg.colorado.gov
2121 .)
2222 Under current law, the state charter school institute and each
2323 school district, board of cooperative services, and charter school is
2424 required to publicly report certain financial information online. The bill
2525 requires a school district to report all information for itself and for each
2626 of its traditional public schools beginning July 1, 2027. Each report must
2727 include additional information concerning actual marketing, student
2828 SENATE SPONSORSHIP
2929 Kolker,
3030 HOUSE SPONSORSHIP
3131 Garcia,
3232 Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
3333 Capital letters or bold & italic numbers indicate new material to be added to existing law.
3434 Dashes through the words or numbers indicate deletions from existing law. recruitment, lobbying, contractor, and education management provider
3535 expenditures and all sources of revenue.
3636 Be it enacted by the General Assembly of the State of Colorado:1
3737 SECTION 1. In Colorado Revised Statutes, 22-44-304, amend2
3838 (1)(a) introductory portion, (1)(d)(I), (1)(e), (1)(f), (3)(a), (4), and (5); and3
3939 add (1)(a.1), (1)(a.5), (1)(a.7), (1)(d)(III), (3)(a.5), and (6) as follows:4
4040 22-44-304. Financial reporting - online access to information5
4141 - repeal. (1) (a) Commencing July 1, 2010, and on a continuing basis6
4242 thereafter,
4343 THROUGH THE 2026-27 BUDGET YEAR, the institute and each7
4444 school district, board of cooperative services, and charter school shall8
4545 post the following information online, in a downloadable
4646 AND9
4747 ACCESSIBLE format, for free public access:10
4848 (a.1) (I) S
4949 UBSECTION (1)(a) OF THIS SECTION IS REPEALED ,11
5050 EFFECTIVE JULY 1, 2027.12
5151 (II) T
5252 HIS SUBSECTION (1)(a.1) IS REPEALED, EFFECTIVE JULY 1,13
5353 2028.14
5454 (a.5) B
5555 EGINNING JULY 1, 2027, AND ON A CONTINUING BASIS15
5656 THEREAFTER, THE INSTITUTE, EACH SCHOOL DISTRICT FOR THE SCHOOL16
5757 DISTRICT AND FOR EACH OF THE SCHOOL DISTRICT'S TRADITIONAL PUBLIC17
5858 SCHOOLS, EACH BOARD OF COOPERATIVE SERVICES , AND EACH CHARTER18
5959 SCHOOL SHALL POST THE FOLLOWING INFORMATION ON ITS PUBLIC19
6060 WEBSITE FOR FREE, IN A DOWNLOADABLE, ACCESSIBLE, AND SORTABLE20
6161 FORMAT:21
6262 (I) T
6363 HE ANNUAL BUDGET;22
6464 (II) T
6565 HE ANNUAL AUDITED FINANCIAL STATEMENTS ;23
6666 (III) T
6767 HE SALARY SCHEDULES OR POLICIES;24
6868 (IV) A
6969 N ITEMIZATION OF EACH REVENUE SOURCE , INCLUDING, AT25
7070 SB25-153-2- A MINIMUM, EACH LOCAL SOURCE; STATE SOURCE; FEDERAL SOURCE;1
7171 PRIVATE SOURCE; GIFT, GRANT, OR DONATION WITH A VALUE EQUAL TO OR2
7272 GREATER THAN FIVE HUNDRED DOLLARS ; INVESTMENT INCOME; AND3
7373 PROPERTY INCOME. EACH ITEMIZATION MUST INCLUDE , AT A MINIMUM,4
7474 THE REVENUE SOURCE 'S NAME, THE REVENUE AMOUNT , AND A5
7575 DESCRIPTION OF THE REVENUE'S INTENDED PURPOSE, IF ANY.6
7676 (V) (A) A
7777 CTUAL EXPENDITURES, INCLUDING ACTUAL SALARY7
7878 EXPENDITURES AND ACTUAL BENEFIT EXPENDITURES REPORTED BY JOB8
7979 CATEGORY SPECIFIED IN THE STANDARD CHART OF ACCOUNTS AND9
8080 INCLUDING AN ITEMIZATION OF EACH EXPENDITURE PAID FOR MARKETING ,10
8181 FOR STUDENT RECRUITMENT , TO A LOBBYIST, A CONTRACTOR, OR AN11
8282 EDUCATION MANAGEMENT PROVIDER . EACH ITEMIZATION MUST INCLUDE,12
8383 AT A MINIMUM, THE EXPENDITURE RECIPIENT'S NAME, THE EXPENDITURE13
8484 AMOUNT, AND A DESCRIPTION OF THE EXPENDITURE 'S PURPOSE.14
8585 (B) N
8686 OTWITHSTANDING SUBSECTION (1)(a.5)(V)(A) OF THIS15
8787 SECTION, A SCHOOL DISTRICT THAT TH E DEPARTMENT DETERMINES IS16
8888 RURAL BASED ON THE GEOGRAPHIC SIZE OF THE SCHOOL DISTRICT AND THE17
8989 DISTANCE OF THE SCHOOL DISTRICT FROM THE NEAREST LARGE ,18
9090 URBANIZED AREA, AND THAT ENROLLS FEWER THAN ONE THOUSAND19
9191 STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE , IS NOT REQUIRED20
9292 TO REPORT EXPENDITURES AT THE SCHOOL LEVEL EXCEPT FOR SCHOOL21
9393 LEVEL EXPENDITURES THAT THE SCHOOL DISTRICT CHARGES TO A DISTRICT22
9494 CHARTER SCHOOL.23
9595 (VI) T
9696 HE FEDERAL FORM 990, 990-EZ, OR 990-PF, OR ANY24
9797 ASSOCIATED SCHEDULES THAT THE INSTITUTE , SCHOOL DISTRICT, SCHOOL25
9898 DISTRICT SCHOOL, BOARD OF COOPERATIVE SERVICES , OR CHARTER26
9999 SCHOOL FILES, IF ANY.27
100100 SB25-153
101101 -3- (a.7) BEGINNING JULY 1, 2027, AND ON A CONTINUING BASIS1
102102 THEREAFTER, IN ADDITION TO THE REPORTING REQUIREMENTS2
103103 ESTABLISHED PURSUANT TO SUBSECTION (1)(a.5) OF THIS SECTION, EACH3
104104 SCHOOL DISTRICT, IF REQUIRED PURSUANT TO SECTION 22-32-108.5, SHALL4
105105 POST THE FOLLOWING INFORMATION ON ITS PUBLIC WEBSITE FOR FREE , IN5
106106 A DOWNLOADABLE, ACCESSIBLE, AND SORTABLE FORMAT:6
107107 (I) A
108108 COPY OF THE SCHOOL DISTRICT'S PLAN FOR DISTRIBUTING7
109109 ADDITIONAL MILL LEVY REVENUE COLLECTED BY THE SCHOOL DISTRICT ;8
110110 OR9
111111 (II) A
112112 STATEMENT OF THE TOTAL AMOUNT OF ADDITIONAL MILL10
113113 LEVY REVENUE COLLECTED BY THE SCHOOL DISTRICT FOR EACH PROPERTY11
114114 TAX YEAR, THE AMOUNT DISTRIBUTED TO SUPPORT SPECIFIC STUDENT12
115115 POPULATIONS AS DESCRIBED IN SECTION 22-32-108.5 (5)(b), AND THE13
116116 TOTAL AMOUNT DISTRIBUTED FOR SAID STUDENT POPULATIONS AND ON A14
117117 PER-PUPIL BASIS TO EACH CHARTER SCHOOL AND INNOVATION SCHOOL OF15
118118 THE SCHOOL DISTRICT, AS A PERCENTAGE AND AS A DOLLAR AMOUNT .16
119119 (d) (I) Additionally, commencing July 1, 2015,
120120 THROUGH THE17
121121 2026-27
122122 BUDGET YEAR, the institute and each school district, board of18
123123 cooperative services, and charter school shall post in a format that can be
124124 19
125125 downloaded and sorted IS DOWNLOADABLE, ACCESSIBLE, AND SORTABLE,20
126126 for free public access, the institute's, school district's, BOCES's, or charter21
127127 school's actual expenditures, including but not limited to actual salary22
128128 expenditures and actual benefit expenditures reported by job category23
129129 specified in the standard chart of accounts, at the institute, school district,24
130130 and BOCES level and at the school-site level.25
131131 (III) T
132132 HIS SUBSECTION (1)(d) IS REPEALED, EFFECTIVE JULY 1,26
133133 2027.27
134134 SB25-153
135135 -4- (e) (I) Additionally, commencing July 1, 2018, THROUGH THE1
136136 2026-27
137137 BUDGET YEAR, the institute and each school district, board of2
138138 cooperative services, and charter school shall post on its website for free3
139139 public access an easily accessible link to the federal form 990, 990-EZ,4
140140 or 990-PF and any associated schedules that the institute, school district,5
141141 board of cooperative services, or charter school files, if any.6
142142 (II) T
143143 HIS SUBSECTION (1)(e) IS REPEALED, EFFECTIVE JULY 1, 2027.7
144144 (f) (I) Additionally, commencing July 1, 2018, and on a8
145145 continuing basis thereafter,
146146 THROUGH THE 2026-27 BUDGET YEAR, each9
147147 school district, if required in section 22-32-108.5, shall:10
148148 (I)
149149 (A) Post a copy of the school district's plan for distributing the11
150150 additional mill levy revenue collected by the school district; or12
151151 (II) (B) For the 2018-19 budget year, post a statement of intent to13
152152 distribute the additional mill levy revenue to the charter schools and14
153153 innovation schools of the school district on a per-pupil basis and, for the15
154154 2019-20 budget year and for each budget year thereafter, a statement of16
155155 the total amount of additional mill levy revenue collected by the school17
156156 district for each property tax year, the amount distributed to support18
157157 specific student populations as described in section 22-32-108.5 (5)(b),19
158158 and the total amount distributed for said student populations and on a20
159159 per-pupil basis to each charter school and innovation school of the school21
160160 district, as a percentage and as a dollar amount.22
161161 (II) T
162162 HIS SUBSECTION (1)(f) IS REPEALED, EFFECTIVE JULY 1, 2027.23
163163 (3) (a) (I) T
164164 HROUGH THE 2026-27 BUDGET YEAR, the institute and24
165165 each school district, board of cooperative services, and charter school25
166166 shall update the information specified in subsections (1)(a) to (1)(c) and26
167167 subsection (1)(e) of this section within sixty days after the institute's,27
168168 SB25-153
169169 -5- school district's, BOCES's, or charter school's completion or receipt of the1
170170 applicable report, statement, or document. The institute and each school2
171171 district, BOCES, and charter school shall update the information specified3
172172 in subsection (1)(d) of this section annually by a date specified by the4
173173 financial policies and procedures advisory committee. Each school district5
174174 shall update the information specified in subsection (1)(f) of this section6
175175 within thirty days after the school district board of education adopts a new7
176176 or updated plan for distribution of additional mill levy revenue or, if the8
177177 school district distributes the additional mill levy revenue on a per-pupil9
178178 basis to the charter schools and innovation schools of the school district,10
179179 within thirty days after the end of each budget year.11
180180 (II) T
181181 HIS SUBSECTION (3)(a) IS REPEALED, EFFECTIVE JULY 1, 2027.12
182182 (a.5) T
183183 HE INSTITUTE, EACH SCHOOL DISTRICT FOR THE SCHOOL13
184184 DISTRICT AND FOR EACH OF THE SCHOOL DISTRICT'S TRADITIONAL PUBLIC14
185185 SCHOOLS, EACH BOARD OF COOPERATIVE SERVICES , AND EACH CHARTER15
186186 SCHOOL SHALL UPDATE THE INFORMATION SPECIFIED IN SUBSECTIONS16
187187 (1)(a.5)(I), (1)(a.5)(II), (1)(a.5)(III),
188188 AND (1)(a.5)(VI) OF THIS SECTION17
189189 WITHIN SIXTY DAYS AFTER THE INSTITUTE'S, SCHOOL DISTRICT'S, BOARD18
190190 OF COOPERATIVE SERVICES ', OR CHARTER SCHOOL 'S COMPLETION OR19
191191 RECEIPT OF THE APPLICABLE DOCUMENT . THE INSTITUTE AND EACH20
192192 SCHOOL DISTRICT, BOARD OF COOPERATIVE SERVICES , AND CHARTER21
193193 SCHOOL SHALL UPDATE THE INFORMATION SPECIFIED IN SUBSECTIONS22
194194 (1)(a.5)(IV)
195195 AND (1)(a.5)(V) OF THIS SECTION ANNUALLY BY A DATE23
196196 SPECIFIED BY THE FINANCIAL POLICIES AND PROCEDURES ADVISORY24
197197 COMMITTEE. EACH SCHOOL DISTRICT SHALL UPDATE THE INFORMATION25
198198 SPECIFIED IN SUBSECTION (1)(a.7) OF THIS SECTION WITHIN THIRTY DAYS26
199199 AFTER THE SCHOOL DISTRICT BOARD OF EDUCATION ADOPTS A NEW OR27
200200 SB25-153
201201 -6- UPDATED PLAN FOR DISTRIBUTION OF ADDITIONAL MILL LEVY REVENUE1
202202 OR, IF THE SCHOOL DISTRICT DISTRIBUTES THE ADDITIONAL MILL LEVY2
203203 REVENUE ON A PER -PUPIL BASIS TO THE CHARTER SCHOOLS AND3
204204 INNOVATION SCHOOLS OF THE SCHOOL DISTRICT , WITHIN THIRTY DAYS4
205205 AFTER THE END OF EACH BUDGET YEAR .5
206206 (4) No later than July 1, 2015, The financial policies and6
207207 procedures advisory committee of the department shall create a template7
208208 that the institute and school districts, BOCES, and charter schools must8
209209 use to post all of the information specified in subsection (1) of this9
210210 section, including but not limited to the site-level reporting requirements.10
211211 The template may include both the type of electronic file posted as well11
212212 as the information to be included in the posting. T
213213 HE TEMPLATE MUST BE12
214214 IN AN ACCESSIBLE FORMAT.13
215215 (5) In addition to the information required in subsection (1) of this14
216216 section, the institute and each school district,
217217 TRADITIONAL PUBLIC15
218218 SCHOOL, BOCES, and charter school shall provide a link to the16
219219 department's website or the location information for the department's17
220220 website where a member of the public may access information or reports18
221221 that are submitted directly to the department.19
222222 (6) T
223223 HE REPORTING REQUIREMENTS SET FORTH IN THIS SECTION DO20
224224 NOT APPLY TO ANY EARLY CHILDHOOD PROGRAM .21
225225 SECTION 2. In Colorado Revised Statutes, 22-30.5-104.7,22
226226 amend (2) introductory portion and (2)(d)(III) as follows:23
227227 22-30.5-104.7. Charter school networks - authority -24
228228 definitions. (2) Notwithstanding any provision of this article
229229 ARTICLE25
230230 30.5 to the contrary, a charter school network:26
231231 (d) Is authorized to make necessary and appropriate expenditures27
232232 SB25-153
233233 -7- from any lawful source for central office purposes and to allocate funds1
234234 among the schools that it operates, as permitted by law and consistent2
235235 with the terms of the charter contract. A charter school network:3
236236 (III) Commencing July 1, 2015, SHALL comply with section4
237237 22-44-304 (1)(d) SECTION 22-44-304 in reporting expenditures at the local5
238238 education provider and school-site level.6
239239 SECTION 3. Act subject to petition - effective date. This act7
240240 takes effect at 12:01 a.m. on the day following the expiration of the8
241241 ninety-day period after final adjournment of the general assembly; except9
242242 that, if a referendum petition is filed pursuant to section 1 (3) of article V10
243243 of the state constitution against this act or an item, section, or part of this11
244244 act within such period, then the act, item, section, or part will not take12
245245 effect unless approved by the people at the general election to be held in13
246246 November 2026 and, in such case, will take effect on the date of the14
247247 official declaration of the vote thereon by the governor.15
248248 SB25-153
249249 -8-