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Every Dollar, Every Student - Financial Transparency
Every Dollar, Every Student
MCCSC finances in clear & simple terms
Every decision we make in MCCSC schools starts with a simple question: What’s best for our students? That includes how we manage our budget and invest public tax dollars. We believe our community deserves to see exactly how their investment in education translates into supporting our students and our schools. This page is designed to help you understand MCCSC finances in clear straightforward terms so you can see the care we take with every dollar — to care for every student.
Fast Financial Facts
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23 schools: 533.4 acres of property, 88 art & performance spaces (stages, art and music studios), 21 gymnasiums, 16 outdoor athletic spaces (fields, courts, tracks).
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Student Enrollment: 9,937 (October 2025 K-12 ADM*)
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Average Teacher Salary (2024) $65,051 – Approximately 7.4% higher than the statewide average of $60,557.
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Minimum Starting Teacher Salary (2025): $57,750 – Nearly 28% higher than the state-mandated minimum of $45,000.
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Bond Rating AA+ Long Term Rating & A+ Underlying Rating
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Rainy Day Fund Balance: $1,212,500
Salary Source: Indiana Gateway. Statewide data; MCCSC data
*Average Daily Membership.
School Funds 101
Understanding how school budgets work can seem complicated, but it doesn't have to be. School corporations like MCCSC don't have just one big pool of money—we have different "funds" or “buckets” designated for separate things within our overall budget. Each fund has its own revenue sources, and Indiana state law sets rules for what each can be used for.
Important to Know: Money in one Fund cannot generally* be moved to cover expenses in another, which is why MCCSC may have funding for one type of expense but not another.
Education Fund:
Pays for Teachers & Learning
The Education Fund pays for expenses directly related to student instruction and learning, such as teacher salaries, classroom supplies, and instructional materials.
Funded by: State Tuition Support received in a “per-pupil” amount based on student enrollment, called “Average Daily Membership” (ADM)
Approximately 48% of 2026 Budget
*Up to 15% of Education Fund state aid may be transferred to the Operations Fund each year.
Operations Fund:
Pays for Daily Operations
The Operations Fund covers the day-to-day costs of running schools and managing facilities that aren't directly tied to classroom instruction, such as transportation, utilities, building maintenance, custodial services, and technology.
Funded by: Local property taxes
Approximately 21% of 2026 Budget
Debt Service Fund:
Pays for Building & Renovation
The Debt Service Fund is used to repay bonds and other long-term debt the school corporation has incurred for major capital projects like building construction, renovations, or large equipment purchases.
Funded by: Local property taxes
Approximately 11% of 2026 Budget
2022 Referendum Fund:
Pays for Teachers, Staff, & Learning
A portion of all teacher and support staff wages and benefits are paid for by the 2022 Referendum. Teachers/Salaried Staff received a $4,500 base pay increase beginning with the 2022-2023 school year. Support Staff received $2.25 hourly raises beginning November 9, 2022, in addition to a 1.5% raise effective January 1, 2023.
Funded by: Monroe County voters approved an eight-year local property tax referendum in 2022.
Approximately 13% of 2026 Budget
2023 Referendum Fund:
Pays for Early Learning
The 2023 Referendum primarily expands families’ access to early learning by eliminating or heavily discounting tuition costs for 3-Year-Old Preschool and 4-Year-Old Pre-K programs. Funding also covers the cost of student school supplies, college course fees, and Career and Technical Education costs.
Funded by: Monroe County voters approved an eight-year local property tax referendum in 2023
Approximately 6% of 2026 Budget
Financial Documents
State Financial Audit Reports
The Indiana State Board of Accounts (SBOA) performs independent audits of all public school corporations to ensure public funds are handled properly and in accordance with state and federal requirements. These reports provide transparency and accountability for how taxpayer dollars are managed. Below are MCCSC’s most recent audit reports.
MCCSC Compliance Examination Report (July 2022-June 2024)
This report reviews whether MCCSC followed applicable laws, policies, and required procedures when managing public funds. It focuses on compliance with rules and regulations rather than the district’s overall financial condition.
MCCSC Financial Statement and Federal Compliance Audit Report (July 2022-June 2024)
This report examines MCCSC’s financial statements for accuracy and reviews compliance with federal program requirements. It provides assurance that the district’s financial records are reliable and that federal funds are being used appropriately.
Budget Documents (Certified Budget Orders)
For more information, visit MCCSC Budgets webpage
Frequently Asked Questions about our Finances
How can MCCSC afford construction projects?
When a school corporation needs to finance a construction or renovation project, it issues bonds—borrowing money that is paid back over time. Large construction and renovation projects are paid for through MCCSC’s Debt Service Fund, which by Indiana law can only be used to repay bonds and other long-term debt. The Debt Service Fund gains revenue through local property tax revenue, based on the bond repayment schedule. That is why MCCSC may have funding available to complete construction, but it cannot use that funding for any other purposes, such as employee wages and benefits.
*2025 expenditures will be available by March of 2026. This is because actual expenditures are available after the financial data has been certified by the Indiana Department of Local Government Finance (DLGF) after each fiscal year ends.