1 Colo. Code Regs. § 303-2-4

Current through Register Vol. 48, No. 1, January 10, 2025

Section 1 CCR 303-2-4 - Waiver in Matching Contribution

4.1. If a waiver for part or all of the matching contribution is submitted, it should discuss the following items and include additional issues or impacts that are inhibiting the Applicant's ability to make the financial commitment of a matching contribution to the project:

4.1.1. The general fund and capital reserve fund balance and an explanation of why they are at that level (do not include TABOR Reserves);

4.1.1.1. Commitments to the capital reserve fund, showing why the capital reserve fund can not be used to fund the matching contribution;

4.1.2. Bond history including an explanation of factors contributing to the decision to pursue or not pursue a bond issue, and factors contributing to past bond issue failures and successes;

4.1.3. Changes in insurance costs;

4.1.4. Changes in salaries;

4.1.5. Other increased expenses;

4.1.6. Changes in enrollment;

4.1.7. Changes in revenues;

4.1.8. Additional projects undertaken or additional projects which are budgeted or are being saved for;

4.1.9. Upgrades to technology, textbooks, facilities or other upgrades being contemplated or undertaken beyond the submitted projects;

4.1.10. Recent unexpected maintenance to facilities or equipment;

4.1.11. Planned maintenance or equipment replacement;

4.1.12. Busses and other capital purchases;

4.1.13. Additional circumstances that make it financially impractical or impossible to provide the matching contribution.

1 CCR 303-2-4

Rules 2.2 eff. 11/30/2009.

Rules 2.4 eff. 11/30/2009.

Rules 3.2 eff. 11/30/2009.

Rules 3.3 eff. 11/30/2009.

Rules 3.4 eff. 11/30/2009.

Rules 3.5 eff. 11/30/2009.