The Education Fund represents approximately 51% of the school corporation budget.

Revenues to the Education Fund come from:

• Indiana State Tuition funding per student

• State funding determined by the corporation enrollment of low income and foster care students

• State funding determined by additional enrollment counts of special education students, career and technical course enrollments and non-English speaking students

• State funding for summer school reimbursement

• Local funding from Cubs pre-school enrollments

• Local funding from Tri-West Driver Education program enrollments

• Interest Income on investments

** Based upon the most recent data from fiscal year 24, North West Hendricks received the 4th smallest overall per student funding in the state of Indiana. That puts North West Hendricks in the bottom 1% of per student funding.

Expenditures from the Education Fund go to:

Expenditures from the Education Fund go directly toward student education expenses in the classroom.

• Teachers, Counselors, Instructional Aides, Building Administration, Administrative Assistants Salary and Benefits

• Student Education related costs (career center fees, summer school, Cubs pre-school, Driver Education, teacher training, classroom related technology, classroom supplies, textbooks and curricular costs

• Operations Fund transfer to cover costs that, prior to 2019, were paid from the general fund.

Revenues

1. State Tuition Support - 97% ($ 14,786,781)

2. Student Services - 2% ($ 333,813)

3. Interest Income - 1% ($ 86,248)

4. Miscellaneous - 0% ($ 53,838)

Expenditures

1. Salaries - 66% ($ 10,238,442)

2. Benefits - 20% ($ 3,083,527)

3. Student Services - 6% ($ 892,346)

4. Operations Fund Transfer - 8% ($ 1,293,723)