Corporation Financial Data

The Education Fund is funded by state-level taxes. The legislature determines the dollar amount associated with each enrolled student. For example, in July, 2026, SVCS received $7,750.16 per student. This fund pays for instructional salaries and benefits, supplies, curriculum, and other tuition-related expenses.

The Debt Service Fund is funded by local property taxes and other miscellaneous local taxes. For example, in 2026, the rate for the corporation was $.3288. This rate is calculated based on the certified assessed value for the taxpayers within the school district's boundary lines. This fund pays for the "loans" and/or "leases" of the school corporation.

The Operations Fund, like the Debt Service Fund, is also funded by local property taxes and other local miscellaneous taxes. For example, the 2026 rate was $0.634 for our corporation. This fund pays for all of our utilities, school resource officers, custodians, maintenance, equipment, some corporation-wide administrators, and insurance for the corporation.