Finance Department

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 FY2023-24 Budget

(July 1, 2023 through June 30, 2024)

For the third year in a row, PSD is experiencing increased state funding for K-12 operations. Per pupil revenue is now $10,080.93, which is an all-time high. However, the state is still withholding over $330 million in funding from school districts statewide through the application of the budget stabilization factor. The Board of Education set the following priorities for the 2023-24 fiscal year: 

•    All Students Graduate with Options
•    Literacy
•    Mental Health
•    Competitive Salary and Benefits

Additional considerations include operational efforts that align to these priorities such as providing environments conducive to learning, providing all students access to learning and ensuring the existence of necessary supports for the learning environment. 
Due to the desire to prioritize staff and compete in a tight labor market, the bulk of added resources in FY24 were deployed to staff compensation. These compensation increases include a 10.28% across the board increase and a 3% increase to benefits. Additionally, $4 million of strategic reserves are allocated for compensation needs. The District looks forward to evaluating the effectiveness of these changes in the coming year and starting work on the FY2024-25 budget. 

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 on the Funding in PSD web page. 

PSD Financial Transparency

More PSD financial information is available on the PSD Financial Transparency web page. 

Contact Information

Finance Department
970-490-3648 |

Accounts Payable 
970-490-3648 |

Accounts Receivable
970-490-3648 |

Accounting Manager 
Nancy Seams |

Finance Manager
Danielle Chenoweth |

Director of Finance/Controller
Kera Badalamenti |

Budget Director
Brian Gustafson |

Chief Finance Officer
Dave Montoya |