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Circle City Schools Combined
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Budget vs. Actual Summary
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YTD September 30, 2025
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Total%
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%ActualBudgetBudgetBudget
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of Total9/30/20256/30/2026Remaining
Remaining
Comments
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Enrollment591600(9)-1.50%
Being paid based on estimated enrollment through October; Actual reflects the estimated
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 enrollment from the state that payment is based on so far
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RevenuesOverall comment: Would expect 75% budget remaining through September
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Basic Grant65.74%$1,316,546 $5,307,800 $3,991,254 75.20%
On target early due to estimated enrollment payments; Will adjust since Oct count is short
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Charter/Innovation Grant20.65% 413,560 840,000 426,440 50.77%
On target due to receiving 1st installment based on estimated enrollment; Will be short
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Ongoing Federal Grants3.99% 79,987 831,916 751,929 90.39%Reimbursement based; should catch up
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One-Time Grants0.00% 0 1,105,000 1,105,000 100.00%
Already received Lilly & TMT; Will catch up as we recognize TMT; Need further discussion
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School Lunch Program3.26% 65,279 664,570 599,291 90.18%Reimbursement based; should catch up and should offset lunch expense
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Contributions/Fundraising - Other
3.44% 68,978 143,803 74,825 52.03%Ahead early in year
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Operations Levy - Local Share
0.00% 0 205,898
Need further discussion; Supposed to receive December payment and June 2026 payment
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Other State/Misc Grants Ongoing
0.40% 8,079 351,748 343,669 97.70%Will catch up as year progresses
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Other Revenue2.51% 50,363 152,306 101,943 66.93%Ahead early
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Total Revenues100.00%$2,002,793 $9,603,041 $7,600,248 79.14%
Overall, we're slightly behind but about where expected. Enrollment shortfall will make
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achieving budget goals very difficult. Will need to discuss amending the budget.
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Expenditures
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Salaries and Benefits48.93%$1,246,857 $6,317,817 $5,070,960 80.26%In line with expectations
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Other Facility Costs7.00% 178,346 753,657 575,311 76.34%On target early
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Debt Service/Rent5.32% 135,629 552,387 416,758 75.45%On target early
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Furniture0.68% 17,381 33,000 15,619 47.33%Should be able to manage and not exceed budget
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Supplies and Materials1.90% 48,459 228,000 179,541 78.75%On target (slightly ahead) early
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Purchased Services4.66% 118,660 456,558 337,898 74.01%On target early
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Technology Costs1.12% 28,511 204,567 176,056 86.06%Compare technology and software lines combined.
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Software5.31% 135,190 104,909 (30,281)-28.86%Compare technology and software lines combined.
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Curriculum4.43% 112,905 146,160 33,255 22.75%Curriculum purchases typically front loaded early in fiscal/school year
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School Lunch Salaries and Benefits
2.09% 53,269 232,778 179,509 77.12%Compare with school lunch revenue
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School Lunch (non-salary)4.23% 107,746 418,026 310,280 74.22%Compare with school lunch revenue
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Professional Development3.03% 77,282 90,880 13,598 14.96%Spent most of budget already
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Miscellaneous11.30% 287,998 361,574 73,576 20.35%Way behind budget; Large CCP transportation cost
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Total Expenditures100.00%$2,548,235 $9,900,313 $7,352,078 74.26%
Overall, we're right on budget. However, with enrollment shortfall, will need to adjust
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 expense budget to align with revenue, and that is already in progress.
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Net Increase/(Decrease)
($545,443)($297,272)
Will fluctuate due to uneven funding throughout the year, and the deficit will be reduced
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 when we recognize deferred revenue.
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Beginning Net Assets$1,953,283 $1,953,283
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Ending Net Assets$1,407,840 $1,656,011
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Ending Cash Balance$2,156,320 $1,324,188 Cash remains strong for now
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Days Cash on Hand78
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