The Teacher Compensation Trust is responsible for receiving, managing and distributing funds raised by the ProComp mill levy. One of the most important functions of the Trust is to ensure that ProComp is financially stable over time. The Trust also is responsible for monitoring how Denver Public Schools (DPS) spends the monies derived from the Trust and ensuring that they are spent only for ProComp related expenses and in a manner consistent with the ProComp Agreement.
A full description of the responsibilities and requirements of the Trust can be found in the Teacher Compensation Trust Agreement [pdf] that was ratified by the Board of Education and the Denver Classroom Teachers Association (DCTA)Executive Board.
The Trust has eight members appointed according to the rules of the ProComp Agreement. Three Trustees are representatives of the District; three are representatives of DCTA; and two are representatives of the community. The community representatives are appointed by the agreement of the other six Trustees.