CVSD Budget & Finance
2024-2025 Budget - Approved August 12, 2025
CVSD's School Board approves the district's annual budget in August of each year. The Board also certifies annual levy amounts for general fund and debt service funds to be collected from taxpayers on the district's behalf by the Spokane County Treasurer's Office.
CVSD is committed to accountability and transparency to our Central Valley community. To update on the CVSD's financial health and progress, the business services department provides comprehensive financial reports and resources including budget status, budget monitoring and cashflow reports.
Public budget work sessions and presentations are held as part of regular school board meetings each spring to facilitate open discussions about fiscal priorities and challenges. Annual state audits uphold CVSD to the highest standards of financial integrity, ensuring responsible stewardship of taxpayer funds.
CVSD Funding
CVSD's 2024-2025 general fund budgeted revenue is $259.3 million. More than 84% of the district’s funding comes from the State of Washington and Federal programs. The remaining revenues, 16%, flow from local taxpayers via the Educational Programs and Operations levy and LEA Local Effort Assistance. The district also maintains separate funds for capital projects, transportation vehicles, debt service and Associated Student Body ASB activities.
2024-2025 CVSD Budget - Approved August 12, 2025
2025 CVSD Budget Extension
2024-25 Budget Reports: September - Current
2024-25 Budget Development
2023-2024 CVSD General Fund Revenue Sources |
2023-2024 General Fund Expenditures |
 |
 |
2023-2024 Budget - Approved August 14, 2023
Understanding Enrollment Headcount Versus FTE
CVSD’s 2023-2024 enrollment was 14,112 students via headcount and 13,886 full-time equivalent (FTE) students. This is less than one percent variance from the budgeted projection of 13,974 FTE. However, it is higher than the 13,826-student enrollment from June 2023. FTE enrollment projections drive funding for budget development.
- 2 students = headcount of 2
- Student A: attends all day = 1 FTE
- Student B: attends 1 class on-site & Running Start = 0.18 FTE
|
Headcount |
Full Time Equivalent (FTE) |
|
2 |
1.18 |
Enrollment Projection Process
- District assessment of demographer data
- Roll up students from prior year grades
- Project kindergarten enrollment
- Review special education and alternative programs
K-12 State Standardized School Funding Formula Calculation
- FTE of certificated staff per grade based on an average school population (Elementary 400 FTE; Middle School 432 FTE; High School 600 FTE)
- FTE of administrators and classified support staff (i.e. secretaries, custodians, maintenance, technology etc.)
- Allocation for maintenance, supplies and operating costs (i.e. technology, utilities, curriculum, library materials, supplies etc.)
Local Effort Assistance (LEA) State Funding Reduction
LEA provides schools districts with state funding for locally determined activities that enrich the state’s program of basic education, in addition to the local levy, thereby enhancing equity in students’ access to extracurricular activities. The LEA funding model recently changed with a significant reduction in the amount allocated for CVSD.
Funding of Certificated Staff
- The state funding model generates certificated FTE staff numbers based on student enrollment projections.
- 2023-2024 state funding model calculated 724.5 FTE certificated teachers
- There is a gap in the state funding versus the actual average cost of compensation and benefits
- $24,940 per FTE certificated teacher
- The estimated excess cost for 724.5 FTE =$18,069,030 (paid by local levy dollars)
- Special education certificated staff (above the 724.5 FTE) are funded through state special education funds.
CONTACT INFORMATION:
- Gina Bullis, Executive Finance Officer gbullis@cvsd.org
- Mathew Knott, Director of Business Services mknott@cvsd.org
