Cedar Rapids

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Cedar Rapids Community Schools School Finance
Basics Updated 9-20-10
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Certified Enrollment Trends
Data Source Line 7 Certified Enrollment
Resident Pupils
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Open Enrollment Trends
FY 2011 2 million gap
Total losses exceed 13.2 million since
inception. Data Source FTE of open enrolled
resident public students, Annual Certified
Enrollment
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District Cost Per Student
State Allowable Growth is 2 for fiscal year
2010-2011. FY2012 will be decided in Feb 2011.
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Allowable Growth Trends
Percent District
Cost Fiscal Year Growth Per
Pupil 2001-2002 4.00 4,512 2002-2003
1.00 4,557 2003-2004
2.00 4,648 2004-2005
2.00 4,741 2005-2006
4.00 4,931 2006-2007
4.00 5,128 2007-2008
4.00 5,333 2008-2009
4.00 5,546 2009-2010
4.00 5,768 2010-2011 2.00 5,883
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What will the District receive in New Money?
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Actual Revenues General Fund Fiscal Year
2009-2010
Other Financing Sources
Federal Sources
Local Sources
State Sources
Total General Fund Revenues 169,980,988
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Fiscal Year 2011Valuation Per Student
State Average FY2011 263,000
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Property Tax Valuation Trends
Excludes TIF valuations
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District Levy Rate Trends
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Tax Levy ComparabilityLinn County School
Districts
Fiscal Year 2010-2011
Revised 5-20-10
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Tax Levy ComparabilityUrban Education Network
Fiscal Year 2010-2011
Revised 5-20-10
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General Fund Actual Expenditures Fiscal Year
2009-2010
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Actual Revenues All Funds Fiscal Year 2009-2010
Total Revenues 223,636,684
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District Actual Revenues By Source Fiscal Year
2009-2010
Total Revenues 223,636,684
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Actual Expenditures All Funds Fiscal Year
2009-2010
Total Expenditures 257,802,811
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General Fund Reserve Trends Cash and Unspent
Balance
(millions)
Revised 9-20-10
Cash is defined as ending fund balance.
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General Fund Reserve Goal Iowa Schools Cash
Anticipatory Program (ISCAP) Solvency Ratio
Reserve Goal To achieve a 8.0-10 solvency
ratio through a balanced budget
and continued use of the cash reserve levy.
Revised 9-20-10
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Historical and ProposedCash Reserve Levies
Total Cash Reserve Levy 9.7 million Preliminary
SBRC FY2011 Cash Reserve Levy Limitation 29.97
million
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Questions ? Answers