[{"_1":2,"_88":-5,"_89":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6594895,"mediaKeyId","3047199-ae8e11da775739bf0c801780c77101c3","parentId",3047199,"title","Adams 12 issues $171.5M bond tranche, nets $185M for initial capital projects; district outlines IT and construction plans","audioSeconds",420,"startMs",2784000,"endMs",3204000,"viewUrl","/Search/View?dp=1&key=3047199-ae8e11da775739bf0c801780c77101c3&start=2784&end=3204","thumbnailUrl","https://assets.pipeline.soar.com/3047199-ae8e11da775739bf0c801780c77101c3/thumbnail_2784000.jpg","articleUrl","/articles/6594895/Colorado/Adams-12-issues-1715M-bond-tranche-nets-185M-for-initial-capital-projects-district-outlines-IT-and-construction-plans","mediaUrl","https://secure.pipeline.soar.com/6594895-887eb9e46546f6053b0f602e5c1c66e4/orig.mp4?Expires=1770442655&Signature=SF2XqVCxLtctZjlmsktVGsPpzl3oQyCNYSHR53aM4NSTmhlzrqzcEi9RsIF00lG07r0WW1TTTmBnlkCLch7IaDfgClUHI9ULCwje~32cF8EVEYLHQQc4FNalNgLbFpj-D0lVS6S7I2STuHetk6JdIiIQ-X~wecg8bFjvTqfFap0zmv05GxuEUr399nVPKDUUMTrBzP9qxs67dJy9IxLz7AjtuJ8AfwWizia1iAyt-5a8MGc4K7TKB-TgX8f~D~1L80MV8x1ir83f8LoUp3cv~oAO5xDdB5i3VgkneCdw8jHMklSqayzZt3VClYYZB9TBJ9v7CqmyX~sL-4hnPeKUpQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Adams 12 Five Star Schools","date","2025-04-17T16:58:13.17Z","article","Adams 12 Five Star Schools staff told FACT advisory members that the district issued its first bond tranche in late January and is moving forward on planned capital and IT projects.

District staff reported the first par issuance was $171,500,000 with an 8.4% premium and issuance costs of roughly 6%, which together netted about $185,000,000 to the project fund. The district is authorized to issue up to $830,000,000 of par; staff said the initial tranche is intended to fund roughly the first two years of bond investments and additional issuances are expected over the next several years.

Officials said they are reclassifying allowable pre‑issuance spending under IRS rules and have allocated charters a proportional share of bond proceeds; service‑state capital construction funds and an instructional cost offset are applied before distributing bond proceeds to charter schools so charters do not “double dip” on state capital funds and bond proceeds.

Staff reported specific commitments and procurement progress: contracts for Thornton High School design and related work were described as largely complete, and the district has encumbered more than $10.3 million for summer projects such as roof replacements, parking, playground work and immediate repairs at Prairie Hills. The district has also budgeted about $25,000,000 for furniture across schools and said some IT projects will be eligible for E‑Rate support tied to free‑and‑reduced‑price student percentages.

The district described an Oracle Cloud ERP implementation (finance, payroll, HR, projects and purchasing) estimated at approximately $11,000,000; officials said that implementation will be paid from interest earnings on bond proceeds rather than operating funds. The district also said higher-than-expected investment earnings since issuance had increased available interest funding for some projects.

On IT, a staff member identified as Jeff said the district owns its own fiber network and uses redundant upstream connections (including partnerships with public research/education exchange services such as Front Range GigaPoP and a commercial provider, Zayo) to ensure resiliency. Jeff said the district plans to complete network cabling upgrades at 12 sites through spring 2026, and described hotspots, mobile broadband and inventoryed devices used as contingency or to serve students without home connectivity. District staff characterized much of the IT work (network cabling, cabling behind walls) as largely invisible but essential maintenance and infrastructure work.

Officials said the district will use bond interest earnings to fund some technology and an Oracle ERP project, and that E‑rate rules and vendor participation affect procurement timing for broadband and networking work.

FACT members were invited to raise questions on IT and construction; staff noted that LRPAC (Long‑Range Planning and Capital Committee) was meeting simultaneously and receiving overlapping updates on procurement and construction details.","mediaType","Video","parentTitle","Adams 12 Five Star Schools' FAC Meeting 4/17/25","oneSentenceSummary","Adams 12 Five Star Schools staff told FACT advisory members the district issued $171.5 million of bonds in late January, netting about $185 million to the project fund to begin capital and IT projects.","taxTitle","Adams 12 Five Star Schools, School Districts , Colorado","taxId",14322,"location","Colorado","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6594900,"Adams 12 details how 2018 mill levy override funds are being used for curriculum, staffing and student supports",2126,247000,2373000,"/Search/View?dp=1&key=3047199-ae8e11da775739bf0c801780c77101c3&start=247&end=2373","https://assets.pipeline.soar.com/3047199-ae8e11da775739bf0c801780c77101c3/thumbnail_247000.jpg","/articles/6594900/Colorado/Adams-12-details-how-2018-mill-levy-override-funds-are-being-used-for-curriculum-staffing-and-student-supports","https://secure.pipeline.soar.com/6594900-03289a112f2b7b683eaed2f90a9a7bef/orig.mp4?Expires=1770442655&Signature=ju93PDGPD6SSyKBtDuPqFx~BpqZUd~-OE4~kT1mekFPg8RRTgypFGPKnJxgF6ZJPo5WzQyvpJNzgGuv1X~8ZWd1Zo6mBqUDvfJ28xJP0hC2xIEQz9SsN01Oh9oe3AoHK40F5qDoVpENiuh7A1Cjhd4xpokklcCrm9dWceD2oAEvnqBLkS8WtRJgIvHsqERxJ8eQqELfPMuaB42CJjPeowDQlUCeCdK4eN4mtAytdP2qt0FFhKjbg6ldIU91RYiwDvR9V~ljJNC5kIoawiJANES9Mk0ol27~fIbWtgbez~tQ-3C0oUKy-QBImF1Ilqe4Tkx63KMtu90JFO578Cn3fLA__&Key-Pair-Id=KUT5TJCACFTXG","Adams 12 Five Star Schools staff on the FACT advisory panel summarized how the district is spending and forecasting revenue from the 2018 mill levy override, known in the presentation as “5C.” The district forecasted next year’s 5C revenue at about $34,700,000 (a roughly 2.3% increase over the prior year) and said inflation will reduce the levy’s buying power over the longer term, leaving the district short by an inflation‑adjusted $38,000,000 by fiscal year 2029 if current priorities remain unchanged.

The presentation described the 2018 mill levy override as an additive funding stream that supplements—but does not replace—other district revenue. “5 C was the mill levy override,” said the meeting host. Megan Kane, chief academic officer for Adams 12 Five Star Schools, summarized instructional and student-support investments funded through that levy and related district funds.

Kane said about 10% of 5C funds go to updating learning materials, resources and textbooks. The district plans a roughly $1.59 million adoption of a new middle‑school English language arts curriculum aligned to standards, and continues investments in platforms and resources such as Seesaw, Edpuzzle, Gale, OverDrive, Pear Deck, Everyday Math and ST Math. Kane said the district delayed one elementary math curriculum adoption to allow staff to complete implementation of existing benchmark and DIBELS assessment systems.

On interventionists and class size, Kane said the district originally budgeted 15 elementary FTE, 2 K‑8 FTE and 1 coordinator FTE for academic interventionists. The district deployed additional interventionist positions using pandemic ESSER and other one‑time funds and at its peak had about 47 FTE supporting intervention systemwide; those temporary positions cannot all be sustained as the ESSER funding winds down. “We will be able to ensure that all of our elementary and K‑8 schools will be able to maintain and sustain an interventionist that will be able to support intervention for our most needed students across the system,” Kane said, referring to the allocations the district intends to preserve using 5C and other available funds.

Social‑emotional learning (SEL) additions and counseling were also highlighted. Kane said the district expanded SEL programming and added counselors prior to and during the pandemic and listed curriculum options schools may adopt, including Sources of Strength, Capturing Kids’ Hearts, Restorative Practices and Second Step. She noted higher personnel costs for licensed counselors and social workers and said some SEL positions added with ESSER funding are being adjusted as federal funds phase down.

Staff compensation and recruitment remains a major category. The presentation noted the district’s long‑term personnel costs and described prior changes that emphasize early‑career pay and experience credit adjustments; staff compensation, including steps and COLA, accounts for the largest share of district spending.

The district explained how 5C funds are shared with charter schools under the district’s posted plan: mill levy override funds are distributed on a per‑pupil basis after the district applies any offsets required by state capital construction distributions and instructional adjustments. The district emphasized that changes in funded pupil counts can increase a charter’s share even if the levy amount itself changes only with inflation.

Officials said the district uses its financial transparency website to publish the plan for distribution of additional mill levy revenues and other budget documents for public review. The presentation also reiterated that most district spending (about 88% of total budget in the presentation) is for salaries and benefits and that other operating costs—energy, transportation fuel, insurance—consume the remaining budget.

Panel members invited questions from FACT members; the presentation materials and the district’s financial transparency pages were flagged as sources for further details and forthcoming board presentations by the finance team.","District staff summarized how the 2018 mill levy override (\"5C\") revenue is allocated across learning materials, interventionists, social-emotional learning, staff pay and charter school distributions, and presented forecasts showing inflation will erode buying power over time.","actionData","errors"]

Article not found

Adams 12 issues $171.5M bond tranche, nets $185M for initial capital projects; district outlines IT and construction plans

Adams 12 details how 2018 mill levy override funds are being used for curriculum, staffing and student supports