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American Academy

Financial Tranparency

 

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
 
Federal Form 990
American Academy is not required to file a federal form 990.
 
Colorado Financial Transparency
 

Disclaimer

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.
 

Contact Information

Alison Rausch
President, American Academy Board of Directors
Email: board@aak8.org

Erin Kane
Executive Director of Schools, American Academy
Phone: 720-292-5200
Email: ekane@aak8.org

Douglas County School District
620 Wilcox Street
Castle Rock, CO 80104
Phone: 303-387-0100
 

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.