Skip to main content
Creating infinite possibilities
for all students!
Main Menu Toggle
For Staff
Business Services » CVSD Budget & Finance

CVSD Budget & Finance

CVSD is committed to accountability and transparency to our community. Monitoring CVSD's financial health and progress, business services 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. 

 

Updates below serve as an accessible resource, offering real-time insights into CVSD's financial practices. 

 

2024-2025 Budget  - Approved August 12, 2024

 

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'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.

Budget Graphs
Click on the title or use the arrows at the right of each category for the full list of reports in each section.
 

 

2023-2024 CVSD General Fund Revenue Sources

2023-2024 General Fund Expenditures
2023-2024 General Fund Revenue Sources 2023-2024 General Fund Expenditures

  

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.

 Student A & B

  • 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.)
 
Levy - Gap Funding Diagram
 

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.

LEA Funding Decrease Chart
 

Funding of Certificated Staff

Certificated Funding Diagram

  • 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.

Go to: CVSD Budget History

CONTACT INFORMATION:

Go to: CVSD Budget History

Balancing