CVSD Budget & Finance

CVSD is committed to accountability and transparency to our community. Monitoring CVSD's financial health and progress, business services provides comprehensive financial reports and resources, including budget status, budget monitoring, and cashflow reports. Public budget work sessions and presentations are held as part of regular school board meetings each spring to facilitate open discussions about fiscal priorities and challenges. Annual state audits uphold CVSD to the highest standards of financial integrity, ensuring responsible stewardship of taxpayer funds.

Updates below serve as an accessible resource, offering real-time insights into CVSD's financial practices.

If you would like to request additional elements be added to this page or are unable to find the information you are interested in, please email [email protected].

2026-2027 Budget - Approved June 22, 2026

CVSD's School Board approves the district's annual budget by August of each year. The Board also certifies annual levy amounts for general fund and debt service funds to be collected from taxpayers on the district's behalf by the Spokane County Treasurer's Office.

CVSD 2026-2027 Budget Report

2026-2027 Budget Development Resources

Most Recent Budget Accountability Brief to the School Board

Budget Accountability Brief June 2026 072726

Click on the title or use the arrows at the right of each category for the full list of reports in each section.

2025-2026 Budget Reports: September - Current

September 2025 Cash Flow

2025-2026 Budget

2025-2026 Budget - Approved June 23, 2025

CVSD's School Board approves the district's annual budget by August of each year. The Board also certifies annual levy amounts for general fund and debt service funds to be collected from taxpayers on the district's behalf by the Spokane County Treasurer's Office.

CVSD’s 2025–2026 General Fund budgeted revenue is $277.3 million. Approximately 82% of the district’s funding comes from the State of Washington and federal programs. The remaining 18% comes from local taxpayers through the Educational Programs and Operations Levy, the Local Effort Assistance (LEA), and other non-tax local sources such as fees, rentals and donations. In addition to the General Fund, the district manages separate funds for capital projects, transportation vehicles, debt service, and Associated Student Body (ASB) activities.

2025-2026 General Fund Revenue Sources		% of Total
State Basic Education & Special Ed Funds	$152,815,212	55.12%
LEA (State Match)	$4,300,690	1.55%
Local Levy	$44,656,335	16.11%
Federal Funds	$13,152,717	4.74%
State Special Purpose Funds	$59,347,872	21.40%
Other Funds	$2,990,624	1.08%
Total General Fund Revenues	$277,263,450

2025-2026 General Fund Expenditures		% of Total
Staff Salaries & Benefits	$231,196,941	85.1%
Utilities, Insurance, Technology, Curriculum, Materials	$40,448,509	14.9%
Total General Fund Expenditures	$271,645,450

2025-2026 CVSD Budget (F-195) - Approved June 23, 2025

2025-2026 CVSD Budget (F-195)

2025-2026 Pie Charts

2025-2026 Budget Development - May through June, 2025

2025-2026 Budget-Building Parameters - School Board Work Session February 24, 2025

2024-2025 Year-End Financial Report

2024-2025 Budget

2024-2025 Budget - Approved August 12, 2024

CVSD's 2024-2025 general fund budgeted revenue is $259.3 million. More than 84% of the district’s funding comes from the State of Washington and Federal programs. The remaining revenues, 16%, flow from local taxpayers via the Educational Programs and Operations levy and Local Effort Assistance (LEA). The district also maintains separate funds for capital projects, transportation vehicles, debt service, and Associated Student Body (ASB) activities.

2024-2025 CVSD Budget - Approved August 12, 2024

2024-2025 Pie Charts

2024-2025 CVSD Budget Extension - Approved April 14, 2025

2024-25 Budget Reports

2023-24 Pie Charts

2023-2024 Annual Financial Report - December 2024

2023-2024 Budget - Approved August 14, 2023

2024-2027 Levy Supporting Documentation

Understanding Enrollment Headcount Versus FTE

CVSD’s 2023-2024 enrollment was 14,112 students via headcount and 13,886 full-time equivalent (FTE) students. This is less than one percent variance from the budgeted projection of 13,974 FTE. However, it is higher than the 13,826-student enrollment from June 2023. FTE enrollment projections drive funding for budget development.

Student A & B

2 students = headcount of 2
Student A: attends all day = 1 FTE
Student B: attends 1 class on-site & Running Start = 0.18 FTE

Headcount	Full Time Equivalent (FTE)
2	1.18

Enrollment Projection Process

District assessment of demographic data
Roll up students from prior year grades
Project kindergarten enrollment
Review special education and alternative programs

K-12 State Standardized School Funding Formula Calculation

FTE of certificated staff per grade based on an average school population (Elementary 400 FTE; Middle School 432 FTE; High School 600 FTE)
FTE of administrators and classified support staff (i.e., secretaries, custodians, maintenance, technology, etc.)
Allocation for maintenance, supplies, and operating costs (i.e,. technology, utilities, curriculum, library materials, supplies, etc.)

Local Effort Assistance (LEA) State Funding Reduction

LEA provides school districts with state funding for locally determined activities that enrich the state’s program of basic education, in addition to the local levy, thereby enhancing equity in students’ access to extracurricular activities. The LEA funding model recently changed with a significant reduction in the amount allocated for CVSD.

Funding of Certificated Staff

Certificated Funding Diagram

The state funding model generates certificated FTE staff numbers based on student enrollment projections.
- 2023-2024 state funding model calculated 724.5 FTE certificated teachers
There is a gap in the state funding versus the actual average cost of compensation and benefits
- $24,940 per FTE certificated teacher
- The estimated excess cost for 724.5 FTE =$18,069,030 (paid by local levy dollars)
Special education certificated staff (above the 724.5 FTE) are funded through state special education funds.