Financial Information
Guffey Community Charter School is a public school, is largely funded like other Colorado public schools, and is subject to the same financial operating rules and public disclosure requirements of any public school (including the Public School Financial Transparency Act.
The school's primary funding is through the state per-pupil allocations. These monies are received by the RE-2 school district, which disburses them to Guffey School according to the terms of its contract with the district. In addition, the school receives small attendance funding, a special stipend from the state which is directed towards schools with lower enrollment, which naturally have higher per-pupil overhead costs. As a charter school, GCCS has additional discretion in seeking private and public grants to supplement its budget, as well as soliciting donations. The GCCS school board also maintains a sustainability fund for the purpose of stabilizing the school's financial resources given the significant variability in enrollment that can occur from year to year. Individuals or businesses interested in contributing to the sustainability fund should contact the board president, Frank Ruvo.
The school operates under a budget prepared annually by the Administrator. While budget and accounting details are reported to the Board monthly, full responsibility for these matters is delegated by the Board to the Administrator, in accordance with the school's Ends and Executive Limitation Policies.
The school's finances are prepared monthly by its bookkeeper, and audited annually by the RE-2 district auditing firm. Information about all of RE-2's finances, including those of GCCS, are available on the District website.
The District's audited 2011 Financial Report is now available, and includes information on the finances of Guffey School.