The Culver Community Schools Corporation’s finances appear to be in good shape, despite a drop in enrollment in recent years. “We’re on a good trend, and we hope to stay on that trend,” says Superintendent Karen Shuman.
She says the corporation’s fiscal indicators for the past seven years were reviewed with the board of finance last week. The corporation’s enrollment dropped from 1,018 in 2011 to 767 in 2019, according to the Indiana Distressed Unit Appeal Board’s website, but it did show an increase from 2018 to 2019. Meanwhile, the General Fund balance has seen a steady increase from 2014 to 2018, and the school corporation has had an operating surplus since 2015.
Shuman says the board of finance agreed to keep its expenditure goals the same for 2020, “To maintain that our costs would be in line with making sure that we’re providing to the Education Fund and then to the Operations Fund, after.”
Complete fiscal indicators for Culver or any other school corporation may be viewed on the Indiana Distressed Unit Appeal Board’s website.
