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OVERVIEW
Welcome to the website for the 2024 Center Grove budgets. Here you will find information about the three major funds that we are required to adopt each year in a public meeting. Here are some basic facts about the budgets:
- The budget will be voted on by the school board on October 26, 2023.
- These budgets are all based on the calendar year: January 1, 2023 through December 31, 2023.
- This adoption process is guided by rules established by the State Board of Accounts and the Department of Local Government Finance.
- A new structure was adopted by the state of Indiana for 2019 school budgets. That structure includes three major funds, as noted on the tabs on these pages: Education Fund, Operations Fund, and Debt Service Fund.
- Each of these funds has its own set of rules controlling what they can be spent for, how much revenue will be received, how they can be changed, etc.
- Each of these funds acts as if it were in its own “buckets” (see illustration below). We have limited ability to move expenses or revenues between funds.