American Academy Financials
American Academy Adopted Budgets
American Academy Financial Audits
American Academy Salary Schedules and Policies
American Academy Authorizer Financial Transparency
American Academy Charter Agreement and Waivers
Waivers and replacement plans are located on pages 31-42 of the Charter Agreement document.
Colorado Financial Transparency
Please consider the context when evaluating financial transactions. Some transactions may appear improper on the surface but are perfectly normal and justifiable when placed in the proper context. We welcome your questions regarding our financial transactions or records.
Public information submitted to the Colorado Department of Education may be viewed on the CDE Schoolview Website
American Academy Informational Summary
American Academy's fiscal year begins July 1 and ends June 30. Our school 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. American Academy 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.
American Academy is required to submit a budget to Douglas County School District (DCSD) and 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 DCSD and the CDE in December. All budget revisions are adopted by the Board of Directors and are available to the public.
The school's audit report is generally issued in September following the close of the fiscal year. With the exception of our first year of operations, our school elects to have an independent audit performed, rather than being included in the audit performed for DCSD; however, our audit report must be provided to DCSD in September and our school is included as a component unit within DCSD's audit report. The independent audit reports are adopted by the Board of Directors and are available to the public.
American Academy follows the Financial Transparency Standards issued by the Colorado Department of Education. If you would like to inquire about American Academy revenue or expense items, please contact the American Academy Board of Directors.
President, American Academy Board of Directors
Executive Director of Schools, American Academy
Douglas County School District
620 Wilcox Street
Castle Rock, CO 80104
Colorado Department of Education
Colorado Open Records Act
Colorado Open Records Act (CORA) requests will be handled in accordance with DCSD's CORA policy.
For questions or to submit a CORA request, please email the American Academy Board of Directors.