Education Fund

The Education Fund pays for expenses directly related to student instruction and learning, such as teacher salaries, classroom supplies, and instructional materials.

Revenues

Expenditures

See below for revenue and expenditure descriptions.

Operations Fund

The Operations Fund covers the day-to-day costs of running schools and managing facilities that aren't directly tied to classroom instruction, such as transportation, utilities, building maintenance, custodial services, and technology. The fund also covers staff in these areas, in addition to support and administrative staff that are not directly tied to classroom instruction. 

Revenues

Expenditures

See below for revenue and expenditure descriptions.

Referendum Fund (2022)

Monroe County voters approved an eight-year local property tax referendum in 2022 to support a portion of all teacher and support staff wages and benefits. Teachers/Salaried Staff received a $4,500 base pay increase beginning with the 2022-2023 school year. Support Staff received $2.25 hourly raises beginning November 9, 2022, in addition to a 1.5% raise effective January 1, 2023.

Revenues

Expenditures

See below for revenue and expenditure descriptions.

Debt Service Fund

The Debt Service Fund is used to repay bonds and other long-term debt the school corporation has incurred for major capital projects like building construction, renovations, or large equipment purchases. 

Revenues

Expenditures

See below for revenue and expenditure descriptions.

Referendum Fund (2023)

Monroe County voters approved an eight-year local property tax referendum in 2023 to expand families’ access to early learning by eliminating or heavily discounting tuition costs for 3-Year-Old Preschool and 4-Year-Old Pre-K programs. Funding also covers the cost of student school supplies, college course fees, and Career and Technical Education costs.

Revenues

Expenditures

See below for revenue and expenditure descriptions.

School Pension Debt Service Fund

The pension debt fund is the fund established by IC 20-48-1-2(c)(6). The purpose of the fund is to make payments on bonds sold to account for prior post-employment retirement benefit obligations. This was a one-time allowance by the State. Property taxes raised to make payments on these bonds are reduced from the school corporation's operations fund revenue.  

Revenues

Expenditures

See below for revenue and expenditure descriptions.