This source cluster isolates the ERBOCES governance and finance records most useful for a dossier. It combines the historical agreement layer, current board and membership fragments, FY 2024-25 audit, January 2026 revised budget, CDE financial/profile extracts, Secretary of State identity records, and selected payment records.
The clearest source-backed pattern is not a finding of fault. It is a structure: ERBOCES is a public BOCES with delegated authority, a board whose member/at-large appointment basis must be read through dated records, and a large contract-services financial model in which most program revenue flows out as purchased or professional educational services.
The 2018 signed bylaws are the strongest retained agreement-like source, but they still name Colorado Digital BOCES and should be treated as historical until a current ERBOCES agreement or amendment packet is recovered. They describe a BOCES separate from its members, member-appointed representatives, possible at-large directors, and procedures for additional members and withdrawal/termination.
The board and membership record is best read as dated layers:
| Source layer | Governance fact supported | Evidence limit |
|---|---|---|
| D49 2013 packet/minutes | D49 ratified Colorado Digital BOCES formation documents after Falcon 49 / Yuma formation steps | does not establish current membership |
| 2018 signed bylaws | Falcon 49 and Pikes Peak Community College appear as members in that agreement-like document | historical Colorado Digital BOCES document |
| 2024 Supreme Court opinion | ERBOCES members at the D11 dispute stage included Falcon 49, Creede, Durango 9-R, and Pikes Peak Community College | case-specific time slice |
| FY 2024-25 audit | Lis Richard, Bethany Drosendahl, Cynthia Krutsinger, John Graham, and James Salazar appear as board/officer roster | fiscal-year source, not necessarily current after later actions |
| 2026-02-10 minutes extract | Elizabeth admission, Lis Richard as Elizabeth representative, Lori Thompson swearing-in, and Montezuma-Cortez termination for non-engagement | minutes extract, not full admission/termination packet |
The current board pages, audit, minutes, and Colorado BOCES Association directory do not yet reconcile into one complete current roster. The public-records target note correctly treats current agreement, admission/withdrawal packets, and appointment records as next-step records rather than inferred facts.
The FY 2024-25 audit reports total revenue of about $85.6M, total sFTE of 7,636, and purchased instructional services equal to 97% of total expenditures. It also says ERBOCES had nine contract schools and 43 homeschool-enrichment programs in 2024-25.
The January 2026 revised FY 2025-26 budget reports:
| Budget item | Revised FY 2025-26 amount / count |
|---|---|
| Total sFTE | 9,382.5 |
| Program revenue | $102,930,100 |
| Professional-educational services | $97,281,100 |
| Professional-educational services as share of program revenue | 94.5% |
| ERBOCES program revenue | $5,649,000 |
| Total ERBOCES revenue | $6,291,350 |
| Total ERBOCES expenses | $3,864,200 |
| Total revenue including grants | $109,371,427 |
| Ending fund balance | $12,035,850 |
| Assigned fund balance | $9,281,200 |
| Unassigned fund balance | $2,754,650 |
This supports a high-throughput model: ERBOCES collects or receives program revenue tied to students/programs, sends most program revenue to contracted educational services, and retains a smaller central administrative/revenue layer. The current source set does not show the full contract terms, management fees, subcontracting terms, or provider-level reconciliations.
The audit and RFP show a contractor-heavy model. The FY 2024-25 audit lists contract schools and education service providers including K12 Virtual Schools LLC for Colorado Preparatory Academy and Pikes Peak Online, Connections Education LLC dba Pearson Online & Blended Learning K-12 USA for Colorado Summit Connections Academy, Williamsburg Learning for Williamsburg Academy of Colorado, and multiple HSE program providers.
The current ERBOCES RFP says ERBOCES retains a percentage of PPR before distributing the remainder to a contract school. That is important process evidence for an incentive and oversight analysis, but it does not establish terms for any specific school without the signed contract.
The retained check-register layer confirms Miller Farmer Carlson Law payments in January and May 2025 and no payment in the retained March 2025 register. That proves vendor payments to the firm in those months; it does not prove the purpose of each legal service, who performed it, or that those payments funded any specific Riverstone-related activity.
The finance record also includes many ordinary and high-dollar provider payments. Those should be analyzed by category and contract basis before being described as relationships with special significance.
The governance/finance layer is the backbone for any ERBOCES dossier because it shows how authority, money, and responsibility can be separated across BOCES board actions, member districts, contractors, education service providers, CDE funding/audit systems, and local district records. The current evidence supports analysis of structural risk and transparency gaps, but it does not support claims of personal fault or unlawful conduct.