By Nicole C. Brambila | SOURCE: DENVER GAZETTE
An unexpected influx of students this academic year means Denver Public Schools might not have to dip into its reserves, the district’s chief financial officer said this week.
The Board of Education is expected to review the district’s amended budget when directors meet on Thursday for their regular meeting.
The budget for the state’s largest district this school year is about $1.5 billion.
District officials had anticipated using $12 million from reserves to help offset budget shortfalls.
The district has roughly $140 million in its fund balance, which is on target for its 10% of budget goal, said Chuck Carpenter, chief financial officer for Denver Public Schools.