Vail Valley: Parent group to help pay Stone Creek debt
Vail, CO Colorado
VAIL VALLEY, Colorado – A parent group in Colorado’s Vail Valley agreed Tuesday to raise money to help pay thousands of dollars Stone Creek Charter school in Avon owes to contractors.
Sandy Apps, a member of the school’s Parent-Teacher Organization, said the group has discussed a fundraiser that would draw on local tourism to make money.
“If we did it right, I think we could pay them off with this one fundraiser alone,” Apps said.
The school owes $190,000 to contractors who helped build the school, school board member Russell Molina said.
No date or details have been decided for the fundraiser, but it could be ongoing and culminate in March, Apps said.
As the school begins its fourth year in Avon, it lacks money to pay contractors, board members say. Student enrollment came in lower than expected, so the school will get less state funding than board members had anticipated, Molina said. State funding is based on enrollment figures.
The school expects to get about $1.3 million in state funding this school year for its 203 students, Molina said. That will leave a $220,000 gap between revenues and operational expenses, he said.
He said the school expects to cover that shortfall with fundraising and voluntary donations. Parents of students at the school are asked for a voluntary $995 contribution every year.
Board member Ron Wolfe called for a preliminary plan for paying the contractors to be ready two weeks before the next board meeting.
“We have a business obligation, a moral obligation to pay off these debts,” he said.
High Life Writer Sarah Mausolf can be reached at 970-748-2928 or firstname.lastname@example.org.