Operations Fund
Purpose
The Operations Fund is used to pay for non-classroom expenses such as transportation, utilities, building maintenance, and central office staff.
Revenue Source
The Operations Fund is supported by local property taxes. A district may also transfer a portion of dollars from the Education Fund each year to help cover operational costs. The school board must approve transfer amounts on an annual basis through a board resolution (See Fund Transfers Section). Each year, the annual transfer amount is evaluated based on the projected expenditures in both the Education and Operations funds.
In 2025, the district transferred $15,000,000, representing 8.81% of the total Education Fund budget. This is well below the 15% cap established by state law (IC 20-40-2-6). CY 2025 transfer percentages for all Indiana school districts are linked below.
CY 2025 EDUCATION FUND TRANSFER REPORT
Looking ahead, the 2026 transfer resolution authorizes up to $15,000,000. However, based on current budget conditions, the district anticipates transferring approximately $10,000,000, or about 6% of the Education Fund.
Budget Snapshot
- Total Budgeted Expenses: $57,917,181
- Projected Revenue: $51,924,660
- Includes $10,000,000 transfer from Education Fund
- Expense Breakdown:
- Salaries 29%
- Benefits 18%
- Technology, Building Maintenance, Grounds, Vehicles 18%
- Professional Services 15% (custodians)
- Utilities 11% (electricity, natural gas, water, sewer, etc.)
- Operational Supplies 7%