Colorado Revised Statutes, 22-44-304 (Commencing July 1, 2019)
Note: Charter schools are not required to post a financial data file as the charter school’s data is incorporated into the school district’s posted financial data file.
Please consider the context when evaluating financial transactions. Some transactions may appear improper on the surface but are perfectly normal and justifiable when placed in the proper context. Any questions you may have regarding our financial transactions or records are welcome.
Charter School Informational Summary
Please note that what appears as a large deficit in New Legacy’s financial statements is a direct result of national guidelines issued by the Governmental Accounting Standards Board (GASB) regarding pensions. Like all public charter schools, New Legacy is a governmental entity and participates in Colorado’s Public Employees’ Retirement Association state pension and benefits plan. GASB requires that all governmental entities’ financial statements report the proportionate share of the unfunded liability that exists for the Colorado Public Employees Retirement fund.
New Legacy Charter School
2091 Dayton Street
Aurora, CO 80010