2024 Revenues & Expenditures
MCCSC 2024 Dollars at Work
Learn about the sources of our revenue for each Fund within our budget, and how expenditures supported our students and schools in 2024.
2024 Revenue
January – December
2024 Expenditures
January – December
Due to rounding, percentages may not add up to 100%.
The pie charts above provide information on the MCCSC 2024 overall revenues and expenditures. Of the $170.9M of revenue: 52% Education Fund, 23% Operations Fund, 11% Referendum Fund (2022), 9% Debt Service Fund, 5% Referendum Fund (2023), <1% School Pension Debt Services. Of the $171.3M of expenditures: 50% Education Fund, 24% Operations fund, 11% Referendum Fund (2022), 11% Debt Service Fund, 3% Referendum Fund (2023), 1% School Pension Debt Services.
Sources: Indiana Department of Education. (n.d.). EdData. Retrieved December 3, 2025, from https://eddata.doe.in.gov/PublicHome
IFIonline. (n.d.). Report Builder. Retrieved December 3, 2025, from
2024 Breakdown by Fund
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
The bar charts above provide information about the MCCSC Education Fund for 2024. Of the $88.3M of revenues: 94% State Sources, 5% Other Financing Sources, 1% Local & Intermediate Sources. Of the $86M of expenditures: 67% Instruction, 26% Support Services, 7% Transfers.
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
The bar charts above provide information about the MCCSC Operations Fund for 2024. Of the $38.9M of revenues: 83% Local & Intermediate Sources, 15% Other Financing Sources, <1% Other Sources. Of the $41M of expenditures: 83% Support Services, 11% Community Services, 5% Facilities Acquisition & Construction, <1% Transfers.
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
The bar charts above provide information about the MCCSC Referendum Fund (2022) for 2024. Of the $19M of revenue: 100% Local & Intermediate Sources. Of the $18.3M of expenditures: 59% Instruction, 34% Support Services, 7% Community Services.
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
The bar charts above provide information about the MCCSC Debt Service Fund for 2024. Of the $15.1M of revenue: 100% Local & Intermediate Sources. Of the $18.9M of expenditures: 100% Debt Services.
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
The bar charts above provide information about the MCCSC Referendum Fund (2023) for 2024. Of the $8.7M of revenue: 100% Local & Intermediate Sources. Of the $6M of expenditures: 94% Instruction, 3% Support Services, 2% Community Services, 1% Transfers.
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
The bar charts above provide information about the MCCSC School Pension Debt Service Fund for 2024. Of the $1M in revenue: 100% Other Financing Sources. Of the $1M in expenditures: 100% Debt Services.