Finance & Budget
The Finance Department maintains procedures and assures financial control; produces financial reports and information to support effective decision making; produces financial projections for long-term planning; and carries out the accounting operations for Poudre School District in a timely manner.
PSD is committed to being transparent stewards of taxpayers' dollars so our constituents can easily access and understand the district's finances.
PSD FY2026-27 Budget
(July 1, 2026 through June 30, 2027)
For the fifth year in a row, PSD is experiencing increased state funding for K-12 operations. Per pupil revenue is now $11,680.46, which represents a 2.9% increase from FY26 funding levels. FY27 is also the second year since 2009 that the State of Colorado has fully funded K-12 education by eliminating the budget stabilization factor. The Board of Education set the following priorities for the 2026-27 financial year:
-
All Students Graduate with Options
- Literacy
- Mental Health
Additional considerations include providing competitive salary and benefits for staff, evaluating declining enrollment trends, and prioritizing and supporting student and staff safety.
In November 2024, Poudre School District successfully passed a ballot measure to introduce a debt free mill levy override beginning in January 2025. This mill levy provided $50 million in FY26 funding and will increase with inflation in subsequent years. These mill levy dollars allow the District to prioritize maintenance and renovation of existing buildings, installation of air conditioning in schools, increased staff pay for better recruitment and retention, small school support, and expansion of Post-Workforce Readiness (PWR) offerings and curricular supply support.
Colorado School Funding Model
School districts receive funding from two sources:
- State funding formula (property taxes and state funding, which is determined by the state legislature each year)
- Local revenue (mill levy overrides, property taxes and vehicle registration fees)
Learn how this applies to PSD.
PSD Financial Transparency
More PSD financial information is available on the PSD Financial Transparency web page.
Contact
Accounts Payable
970-490-3648 | ap@psdschools.org
Accounts Receivable
970-490-3648 | ar@psdschools.org
Accounting Manager
Nancy Seams | nseams@psdschools.org
Assistant Director of Finance
Danielle Chenoweth | dchenowe@psdschools.org
Executive Director of Finance
Kera Badalamenti | kbadalam@psdschools.org
Budget Director
Brian Gustafson | bgustafson@psdschools.org
Chief Finance Officer
Dave Montoya | davem@psdschools.org
Learn about Colorado laws and factors that affect school funding on the Budget Factors web page.
Financial Reporting
The PSD Finance Department is a recipient of the Association of School Business Officials International Certificate of Excellence in Financial Reporting, and the Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting.
