Colorado 2025 Regular Session Status: Died 1 D cosponsors

SB 25-153 — Public School Financial Reporting Requirements

Last action — Senate Second Reading Lost - No Amendments

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Under current law, the state charter school institute and each school district, board of cooperative services, and charter school is required to publicly report certain financial information online. The bill requires a school district to report all information for itself and for each of its traditional public schools beginning July 1, 2027. Each report must include additional information concerning actual marketing, student recruitment, lobbying, contractor, and education management provider expenditures and all sources of revenue.(Note: This summary applies to this bill as introduced.)

Bill Text

What changed in the latest version

53 added · 182 removed

53 line(s) added, 182 removed.

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First Regular Session Seventy-fifth General Assembly STATE OF COLORADO INTRODUCED LLS NO.
First Regular Session Seventy-fifth General Assembly STATE OF COLORADO PREAMENDED This Unofficial Version Includes Committee Amendments Not Yet Adopted on Second Reading LLS NO.
25-0627.01 Megan McCall x4215 SENATE BILL 25-153 SENATE SPONSORSHIP Kolker, HOUSE SPONSORSHIP Garcia, Senate Committees House Committees Education A BILL FOR AN ACT C ONCERNING ADDITIONAL PUBLIC SCHOOL FINANCIAL REPORTING REQUIREMENTS .
25-0627.01 Megan McCall x4215 SENATE BILL 25-153 SENATE SPONSORSHIP Kolker, HOUSE SPONSORSHIP Garcia, Senate Committees House Committees Education Appropriations A BILL FOR AN ACT C ONCERNING ADDITIONAL PUBLIC SCHOOL FINANCIAL REPORTING REQUIREMENTS .
In Colorado Revised Statutes, 22-44-304, amend (1)(a)introductoryportion,(1)(d)(I),(1)(e),(1)(f),(3)(a),(4),and(5);and add (1)(a.1), (1)(a.5), (1)(a.7), (1)(d)(III), (3)(a.5), and (6) as follows:
In Colorado Revised Statutes, 22-44-105, add (4)(e)(III) as follows:
22-44-304.
22-44-105.
Financial reporting - online access to information - repeal.
Budget - contents - mandatory.
(1) (a) Commencing July 1, 2010, and on a continuing basis thereafter,HROUGH THE 2026-27 BUDGET YEAR , the institute and each school district, board of cooperative services, and charter school shall post the following information online, in a downloadable AND ACCESSIBLE format, for free public access:
(4) (e) (IIIO N LATER THAN JULY 1, 2026,THE DEPARTMENT SHALL INCLUDE IN THE STANDARD CHART OF ACCOUNTS INFORMATION REGARDING REVENUE RECEIVED FROM PRIVATE SOURCES AS REQUIRED TO BE POSTED BY THE INSTITUTE,EACHSCHOOLDISTRICTFORTHESCHOOLDISTRICTASAWHOLE AND FOR EACH OF THE SCHOOL DISTRICT 'S SCHOOLS THAT ARE NOT DISTRICT CHARTER SCHOOLS ,EACH BOARD OF COOPERATIVE SERVICES , AND EACH CHARTER SCHOOL ON THEIR RESPECTIVE WEBSITES PURSUANT TO SECTION 22-44-304 (1)(g).
(a.1) (I)S UBSECTION (1)(a)OF THIS SECTION IS REPEALED , EFFECTIVE JULY 1, 2027.
(II) TIS SUBSECTION (1)(a.1)IS REPEALED,EFFECTIVE JULY 1, 2028.
(a.5) BEGINNING JULY 1, 2027,AND ON A CONTINUING BASIS THEREAFTER ,THE INSTITUTE,EACH SCHOOL DISTRICT FOR THE SCHOOL DISTRICT AND FOR EACH OFTHE SCHOOLDISTRICT 'S TRADITIONALPUBLIC SCHOOLS ,EACH BOARD OF COOPERATIVE SERVICES ,AND EACH CHARTER SCHOOL SHALL POST THE FOLLOWING INFORMATION ON ITS PUBLIC WEBSITE FOR FREE ,IN A DOWNLOADABLE ,ACCESSIBLE ,AND SORTABLE FORMAT :
(I) TE ANNUAL BUDGET ;
(II) TE ANNUAL AUDITED FINANCIAL STATEMENTS ;
(III) TE SALARY SCHEDULES OR POLICIES;
(IV) AN ITEMIZATION OF EACH REVENUE SOURCE ,INCLUDING,AT -2- SB25-153 A MINIMUM ,EACH LOCAL SOURCE ;STATE SOURCE;
FEDERAL SOURCE ;
PRIVATESOURCE ;GIFTGRANT ,ORDONATIONWITHAVALUEEQUALTOOR GREATER THAN FIVE HUNDRED DOLLARS ;INVESTMENT INCOME ;
AND PROPERTY INCOME .
ACH ITEMIZATION MUST INCLUDE,AT A MINIMUM , THE REVENUE SOURCE S NAME , THE REVENUE AMOUNT , AND A DESCRIPTION OF THE REVENU'S INTENDED PURPOS,IF ANY.
(V) (A) A CTUAL EXPENDITURES ,INCLUDING ACTUAL SALARY EXPENDITURES AND ACTUAL BENEFIT EXPENDITURES REPORTED BY JOB CATEGORY SPECIFIED IN THE STANDARD CHART OF ACCOUNTS AND INCLUDINGANITEMIZATIONOFEACHEXPENDITUREPAIDFORMARKETING , FOR STUDENT RECRUITMENT ,TO A LOBBYIST,A CONTRACTOR , OR AN EDUCATIONMANAGEMENTPROVIDER .EACHITEMIZATIONMUSTINCLUDE , AT A MINIMUM,THE EXPENDITURE RECIPIEN'S NAME,THE EXPENDITURE AMOUNT ,AND A DESCRIPTION OF THE EXPENDITURS PURPOSE.
(B) N OTWITHSTANDING SUBSECTION (1)(a.5)(V)(AOF THIS SECTION, A SCHOOL DISTRICT THAT THE DEPARTMENT DETERMINES IS RURALBASEDONTHEGEOGRAPHICSIZEOFTHESCHOOLDISTRICTANDTHE DISTANCE OF THE SCHOOL DISTRICT FROM THE NEAREST LARGE , URBANIZED AREA , AND THAT ENROLLS FEWER THAN ONE THOUSAND STUDENTSINKINDERGARTENTHROUGHTWELFTHGRADE ,ISNOTREQUIRED TO REPORT EXPENDITURES AT THE SCHOOL LEVEL EXCEPT FOR SCHOOL LEVELEXPENDITURESTHATTHESCHOOLDISTRICTCHARGESTOADISTRICT CHARTER SCHOOL .
(VI) T HE FEDERAL FORM 990, 990-EZ,OR 990-PF,OR ANY ASSOCIATEDSCHEDULESTHATTHEINSTITUTE SCHOOLDISTRICT ,SCHOOL DISTRICT SCHOOL, BOARD OF COOPERATIVE SERVICES , OR CHARTER SCHOOL FILES,IF AN.
-3- SB25-153 (a.7) B EGINNING JULY 1, 2027,AND ON A CONTINUING BASIS THEREAFTER , IN ADDITION TO THE REPORTING REQUIREMENTS ESTABLISHED PURSUANT TO SUBSECTION (1)(a.5OF THIS SECTIO,EACH SCHOOLDISTRICT ,IFREQUIREDPURSUANTTOSECTION 22-32-108.5SHALL POST THE FOLLOWING INFORMATION ON ITS PUBLIC WEBSITE FOR FRE,IN A DOWNLOADABLE ,ACCESSIBLE,AND SORTABLE FORMAT :
(I) A COPY OF THE SCHOOL DISTRICT S PLAN FOR DISTRIBUTING ADDITIONAL MILL LEVY REVENUE COLLECTED BY THE SCHOOL DISTRICT ;
OR (II) A STATEMENT OF THE TOTAL AMOUNT OF ADDITIONAL MILL LEVYREVENUECOLLECTEDBYTHESCHOOLDISTRICTFOREACHPROPERTY TAX YEAR , THE AMOUNT DISTRIBUTED TO SUPPORT SPECIFIC STUDENT POPULATIONS AS DESCRIBED IN SECTION 22-32-108.5 (5)(b)AND THE TOTALAMOUNT DISTRIBUTEDFORSAIDSTUDENTPOPULATIONSANDONA PER PUPILBASISTOEACHCHARTERSCHOOLANDINNOVATIONSCHOOLOF THE SCHOOL DISTRICT,AS A PERCENTAGE AND AS A DOLLAR AMOUNT .
(d) (I) Additionally, commencing July 1, 2015,ROUGH THE 2026-27 BUDGET YEAR , the institute and each school district, board of cooperativeservices,andcharterschoolshallpost in a formatthatcanbe downloadedandsorted ISDOWNLOADABLE ,ACCESSIBLE,ANDSORTABLE , forfreepublicaccess,theinstitute's,schooldistrict's,BOCES's,orcharter school's actual expenditures, including but not limited to actual salary expenditures and actual benefit expenditures reported by job category specifiedinthestandardchartofaccounts,attheinstitute,schooldistrict, and BOCES level and at the school-site level.
(III) THIS SUBSECTION (1)(d)IS REPEALED,EFFECTIVE JULY 1, 2027.
-4- SB25-153 (e) (I) Additionally, commencing July 1, 201THROUGH THE 2026-27 BUDGET YEAR , the institute and each school district, board of cooperative services, and charter school shall post on its website for free public access an easily accessible link to the federal form 990, 990-EZ, or 990-PF and anyassociated schedules that the institute, school district, board of cooperative services, or charter school files, if any.
(II) TSSUBSECTION (1)(eISREPEALED EFFECTIVE JULY 1,2027.
(f) (I) Additionally, commencing July 1, 2018, and on a continuing basis thereaftTHROUGH THE 2026-27 BUDGET YEAR , each school district, if required in section 22-32-108.5, shall:
(I)A) Post a copyof theschooldistrict'splanfor distributing the additional mill levy revenue collected by the school district;
or (II(B) For the 2018-19 budget year, post a statement of intent to distribute the additional mill levy revenue to the charter schools and innovation schools of the school district on a per-pupil basis and, for the 2019-20 budget year and for each budget year thereafter, a statement of the total amount of additional mill levy revenue collected by the school district for each property tax year, the amount distributed to support specific student populations as described in section 22-32-108.5 (5)(b), and the total amount distributed for said student populations and on a per-pupilbasistoeachcharterschoolandinnovationschooloftheschool district, as a percentage and as a dollar amount.
(II) TISSUBSECTION (1)(fISREPEALED EFFECTIVE JULY 1,2027.
(3) (a) (I) TUGH THE 2026-27BUDGET YEAR , the institute and each school district, board of cooperative services, and charter school shall update the information specified in subsections (1)(a) to (1)(c) and subsection (1)(e) of this section within sixty days after the institute's, -5- SB25-153 schooldistrict's,BOCES's,orcharterschool'scompletionorreceiptofthe applicable report, statement, or document.
The institute and each school district,BOCES,andcharterschoolshallupdatetheinformationspecified in subsection (1)(d) of this section annually by a date specified by the financialpoliciesandproceduresadvisorycommittee.Eachschooldistrict shall update the information specified in subsection (1)(f) of this section withinthirtydaysaftertheschooldistrictboardofeducationadoptsanew or updated plan for distribution of additional mill levy revenue or, if the school district distributes the additional mill levyrevenue on a per-pupil basis to the charter schools and innovation schools of the school district, within thirty days after the end of each budget year.
(II) TISSUBSECTION (3)(a)ISREPEALED,EFFECTIVEJULY 1,2027.
(a.5) THE INSTITUTE,EACH SCHOOL DISTRICT FOR THE SCHOOL DISTRICT AND FOR EACH OF THE SCHOOLDISTRICTS TRADITIONALPUBLIC SCHOOLS ,EACH BOARD OF COOPERATIVE SERVICES ,AND EACH CHARTER SCHOOL SHALL UPDATE THE INFORMATION SPECIFIED IN SUBSECTIONS (1)(a.5)(I), (1)(a.5)(II), (1)(a.5)(III),a.5)(VIOF THIS SECTION WITHIN SIXTY DAYS AFTER THE INSTITUTES,SCHOOL DISTRICT'S,BOARD OF COOPERATIVE SERVICES ',OR CHARTER SCHOOL S COMPLETION OR RECEIPT OF THE APPLICABLE DOCUMENT .
THE INSTITUTE AND EACH SCHOOL DISTRICT ,BOARD OF COOPERATIVE SERVICES ,AND CHARTER SCHOOL SHALL UPDATE THE INFORMATION SPECIFIED IN SUBSECTIONS (1)(a.5)(IV)AND (1)(a.5)(V)OF THIS SECTION ANNUALLY BY A DATE SPECIFIED BY THE FINANCIAL POLICIES AND PROCEDURES ADVISORY COMMITTEE .
ACH SCHOOL DISTRICT SHALL UPDATE THE INFORMATION SPECIFIED IN SUBSECTION(1)(a.7OF THIS SECTION WITHIN THIRTY DAYS AFTER THE SCHOOL DISTRICT BOARD OF EDUCATION ADOPTS A NEW OR -6- SB25-153 UPDATED PLAN FOR DISTRIBUTION OF ADDITIONAL MILL LEVY REVENUE OR ,IF THE SCHOOL DISTRICT DISTRIBUTES THE ADDITIONAL MILL LEVY REVENUE ON A PER -PUPIL BASIS TO THE CHARTER SCHOOLS AND INNOVATION SCHOOLS OF THE SCHOOL DISTRICT ,WITHIN THIRTY DAYS AFTER THE END OF EACH BUDGET YEAR .
(4) No later than July 1, 2015, The financial policies and procedures advisorycommittee of the department shall create a template that the institute and school districts, BOCES, and charter schools must use to post all of the information specified in subsection (1) of this section,includingbutnotlimitedtothesite-levelreportingrequirements.
The template may include both the type of electronic file posted as well as the information to be included in the posting.
TATE MUST BE IN AN ACCESSIBLE FORMAT .
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(5) Inadditiontotheinformationrequiredinsubsection(1)ofthis section, the institute and each school district,ITIONAL PUBLIC SCHOOL , BOCES, and charter school shall provide a link to the department's website or the location information for the department's website where a member of the public mayaccess information or reports that are submitted directly to the department.
(6) THEREPORTINGREQUIREMENTSSETFORTHINTHISSECTIONDO NOT APPLY TO ANY EARLY CHILDHOOD PROGRAM .
In Colorado Revised Statutes, 22-30.5-104.7, amend (2) introductory portion and (2)(d)(III) as follows:
In Colorado Revised Statutes, 22-44-304, amend (1)(a)(IV);
22-30.5-104.7.
and add (1)(g) as follows:
Charter school networks - authority - definitions.
22-44-304.
(2) Notwithstanding any provision of this article 30.5 to the contrary, a charter school network:
Financial reporting - onlineaccess to information.
(d) Is authorized tomakenecessaryand appropriate expenditures -7- SB25-153 from any lawful source for central office purposes and to allocate funds among the schools that it operates, as permitted by law and consistent with the terms of the charter contract.
(1) (a) Commencing July 1, 2010, and on a continuing basis thereafter, the institute and each school district, board of cooperative services, and charter school shall post the following information online, in a downloadable format, for free public access:
A charter school network:
(IV) Theinstitute's,schooldistrict's,BOCES's,orcharterschool's salaryschedulesorpolicies,adoptedpursuanttosections22-32-109.4and 22-63-401,commencingwiththoseapplicabletothe2010-11budgetyear AND ,IF THE INSTITU,SCHOOL DISTRICT,BOCES, OR CHARTER SCHOOL HAS NOT ADOPTED SALARY SCHEDULES OR POLICIES ,IT SHALL POST THE HIGHESTANDTHELOWESTEDUCATORSALARYANDTHEHIGHESTANDTHE -2- 153 LOWESTADMINISTRATORSALARYCOMMENCINGWITHTHOSEAPPLICABLE TO THE 2026-27 BUDGET YEAR .
(III) Commencing July 1, 2015, SHALL comply with section 22-44-304(1)(d)SECTION 22-44-304inreportingexpendituresatthelocal education provider and school-site level.
(g) A DDITIONALLY, COMMENCING JULY 1, 2026, AND ON A CONTINUING BASIS THEREAFTER ,THE INSTITUT,EACH SCHOOL DISTRICT FOR THE SCHOOL DISTRICT AS A WHOLE AND FOR EACH OF THE SCHOOL DISTRICT'S SCHOOLS THAT ARE NOT DISTRICT CHARTER SCHOOLS,EACH BOARD OF COOPERATIVE SERVICES ,AND EACH CHARTER SCHOOL SHALL POST ON ITS WEBSITE,IN A DOWNLOADABLE FORMAT FOR FREE PUBLIC ACCESS ,INFORMATION REGARDING REVENUE FROM PRIVATE SOURCES , INCLUDINGREVENUE THAT IS RECEIVED ASAGIFT ,GRANT ,ORDONATION .
T HE INFORMATION MUST BE CATEGORIZED BY TYPE OF PRIVATE SOURCE AND AMOUNTS OF REVENUE RECEIVED FROM PRIVATE SOURCES MAY BE REPORTEDINTHEAGGREGATEBYCATEGORY .PRIVATESOURCESINCLUDE INDIVIDUALS,CORPORATIONSOROTHERBUSINESSES ,TRUSTS,ORESTATES .
on the day following the expiration of the ninety-dayperiodafterfinaladjournmentofthegeneralassembly;except that, if a referendumpetition is filed pursuant to section 1 (3)of article V of the state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approved by the people at the general election to be held in November 2026 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor.
on the day following the expiration of the ninety-dayperiodafterfinaladjournmentofthegeneralassembly;except that, if areferendumpetition is filed pursuant to section 1 (3) of article V of the state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approved by the people at the general election to be held in November 2026 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor.
-8- SB25-153
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Amendments

1 amendment

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Action History

  1. Senate Second Reading Lost - No Amendments

  2. Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  3. Senate Committee on Education Refer Amended to Appropriations

  4. Introduced In Senate - Assigned to Education

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 100 not signed on

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (100)

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Subjects

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Frequently asked questions

What does SB 25-153 do?
Under current law, the state charter school institute and each school district, board of cooperative services, and charter school is required to publicly report certain financial information online. The bill requires a school district to report all information for itself and for each of its traditional public schools beginning July 1, 2027. Each report must include additional information concerning actual marketing, student recruitment, lobbying, contractor, and education management provider expenditures and all sources of revenue.(Note: This summary applies to this bill as introduced.)
Who sponsors SB 25-153?
SB 25-153 is sponsored by Lorena García and Chris Kolker (Democrat).
What is the current status of SB 25-153?
This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 25-153?
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