What is Total Compensation?

Total compensation refers to the complete pay package that an employee receives from their employer. It includes not only the base salary but also various other forms of compensation and benefits. Here's a breakdown of the key components:

1. Base Pay: The fixed amount of money an employee earns

2. Additional Pay: Extra pay for overtime, shift differentials, or other special conditions

3. Benefits: Non-cash compensation such as health insurance, dental and vision plans, retirement plans, and paid time off (vacation, sick leave, holidays)

4. Professional Development: Opportunities for training and education

5. Work-Life Balance Programs: Support for maintaining a healthy balance between work and personal life, such as flexible hours, remote work options, and wellness programs

6. Recognition and Rewards: Programs that acknowledge and reward outstanding performance or service, such as employee of the month awards

All these elements together make up an employee's total compensation package, providing a comprehensive view of the value and benefits they receive from their employment.

District funding is based on the total state funding for K-12 public education as outlined in the Colorado Public School Finance Act. The majority of the budget is managed through the General Fund staffing budget, which provides funding for educational instruction to students. The remaining components of the General Fund are managed through other departmental budgets, which include instructional support and administration/operational services.

Enrollment is defined as the number of students submitted to the Colorado Department of Education (CDE), based on official counts conducted in October each year. Funded Pupil Count is the number used in the School Finance Act calculation to determine the Net Program Funding amount for the year.

More information about the budget can be found on the District's financial transparency webpage and in a school funding video presentation by Superintendent Christopher Smith and Chief Financial and Operating Officer Scott Smith.

A payslip is a document issued by an employer to pay an employee for services rendered. It lists details on an employee's earnings, including any deductions withheld from the employee's gross pay. Deductions include but are not limited to Federal and State taxes, garnishments, PERA retirement contributions, and benefits, such as medical health insurance.​ Contact Payroll Services at Payroll@cherrycreekschools.org for questions about payslips.

• Oracle Payslip Details Sample (employee login required)