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South Vermillion Community School Corporation

Believe · Achieve · Succeed

Corporation Financial Data

School Finance

As it Relates to South Vermillion Community Schools
 

 


As state legislation continues to change, and education options continue to evolve, SVCS is committed to staying ahead of the curve by following our financial and programming vision.

Key Focus Areas

How School Funding Works

Education Fund (0101)

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.

Debt Service Fund (0200)

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.

Operations Fund (0300)

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.

Comparing SVCS to Other Corporations

SVCS is not alone in facing the financial changes of recent years. Instead of dwelling on the challenges or expressing frustration over evolving funding structures, we have focused on finding ways to improve. Our guiding question has been, “How can we be better?” That mindset has helped us remain proactive, adaptable, and committed to excellence.

Corporation Financial Comparisons - NAV per studentTax Rate Comparisons

 

How Do We Spend Our Money?

The pie chart depicts how the corporation spent its money during the 2026 fiscal year.

Learn More

How Have We Managed So Far?

We have evaluated the need to replace retirements and/or resignations, which has led to restructuring, and analyzed our operation expenses.

Who Do We Serve?

• 1450 Students • 231 Staff • 180,000 Meals per year • 11,000 Citizens

Annual Financial Data

2027 Financial Data

2026 Financial Data

2025 Financial Data

2024 Financial Data

2023 Financial Data

2022 Financial Data