Adams County Board of Cooperative Educational Services

The Adams County Board of Cooperative Educational Services (BOCES) financial statements for the year ending June 30, 2018, show a decrease in net position due to GASB 68 and GASB 75 reporting. The BOCES implemented GASB Statement No. 75, requiring the recording of a proportionate share of PERA's unfunded OPEB liability. Adams 12 Five Star Schools withdrew from the BOCES, impacting the remaining members financially. The General Fund reported an increase in total fund balance. The BOCES' liabilities exceeded assets, resulting in a deficit in net position.

The ABC School District 9120 adopted its budget, with a pupil count of 32,436. The General Fund includes a beginning fund balance, revenues from local sources, and total allocations to/from other funds. Expenditures cover instruction, supporting services, property, and other uses. Appropriated reserves include other reserved fund balance, other restricted reserves, and a district emergency reserve. The budgeted ending fund balance includes various categories such as non-spendable, restricted, committed, assigned, and unassigned fund balances.