Colorado's K-12 public schools are financed through a variety of federal, state, and local sources. At the state level, K-12 has one of the largest impacts on the General Fund. Glenn will provide an overview of Colorado's financing model, as well as current challenges with declining enrollment and how changes in property tax, the primary local funding source, that accompanied the repeal of the Gallagher Amendment will influence school finance.
Mr. Glenn E. Gustafson, CPA, is an Assistant School Finance Manager with the Colorado Department of Education. Prior to returning to the workforce in semi-retirement, Mr. Gustafson was the Deputy Superintendent/CFO of Colorado Springs School District 11 from July 2000 to June 2021. His current position at CDE allows him to assist school districts across the State of Colorado with school finance and business operations issues. While at D11 his duties included oversight of most financial, facilities, business operations and legislative services. Mr. Gustafson began his professional career as a local government auditor and was the Director of Finance for the City of Fountain, Colorado. He received his BSBA in accounting from the University of Colorado in 1982 and his MBA with an emphasis in finance from the University of Colorado at Colorado Springs in 1990.
Mr. Gustafson’s professional certifications, organization memberships, and committees include:
- Colorado State Board of Accountancy (Certified Public Accountant), 1985
- Certified Public Finance Officer, 1999
- Colorado Society of Certified Public Accountants, 1985 to present
- Colorado Government Finance Officers Association, 1987 to 2000, President, 1996
- Colorado Association of School Executives, 2000 to present, President, 2010-11
A copy of Glenn's presentation is available online for viewing at this link: https://youtu.be/CX1x6uz4jio