Financial Services
The Financial Services division provides for the effective, transparent and timely management of the district’s resources. Its departments partner with schools and other central services departments to manage:
- Financial forecasting to ensure resources are deployed strategically
- Budgeting to develop the district's annual expense plan utilizing Student Based Budgeting for schools and Start, Stop, Continue identification process with departments.
- Grants accounting assists Jeffco departments and schools with grant applications and accounting for grant awards. Individual grant specialists can support with accounting, reimbursement requests and the preparation of financial reports.
- Accounting provides rigorous focus on ensuring we are excellent stewards of taxpayer dollars, the district is committed to adhering to policies and procedures, generally accepted accounting principles, and all applicable regulations from authoritative governing bodies.
- Payroll provides accurate and timely processing of monthly payroll for more than 14,000 employees. Payroll is responsible for processing pay adjustments due to leaves, terminations, garnishments, and other employee actions affecting pay.
- Procurement resources supporting the district in ethical and fair competition in the acquisition of goods and services; vendor, contractor, service partner contracting opportunities; and goods resource management.
- Risk management assists principal and financial secretaries, business managers and departments with their fiscal processes.
- Internal audit provides independent, objective assurance and consulting services to improve district operations. The team helps Jeffco accomplish its objectives through systematic evaluation of governance, risk management and control processes.
Jeffco follows best practices, policies and procedures that provide responsible use of public funds. The primary Board of Education policies that relate to Financial Services’ work include EL-15 Budgeting, EL-16 Financial Administration and EL-17 Asset Protection.
Financial Publications
Financial publications can be found on the Financial Transparency webpage.
Financial Services Resources
- How Much Are School Districts Spending on School-level and District-level Administration
- Source: Colorado School Finance Project, February 2023
- BoardDocs - Board of Education Meeting Agendas and District/Board Policies
- Understanding Total Appropriations and Why Schools Focus on the General Fund for Budgeting
- Colorado Department of Education (CDE) School Finance Division
Financial Services Committees
Audit Oversight Committee
Financial Advisory Committee (FAC)
Boundary Study
ESSER Funds
Financial Transparency
Membership Projection Reports
Procurement
Student-Based Budgeting
Student Fees