As the third largest school district in the state of Iowa, the Davenport Community Schools maintains a budget of over $200 million. A highly trained and widely recognized staff of financial experts comprise the Finance Department of the district to ensure the effective use of funds for the Davenport community that we serve.
Our Finance Department’s most recent accolades include the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association and the Certificate of Excellence in Financial Reporting for the Association of School Business Officials International.
Nation-wide the funding of public education is a sophisticated blend of federal, state and local sources all working together to serve the community and the individual needs of students. Within this complex financial structure are some documents common to all districts that will provide an overview of school finance, funding sources and expenses.
- To read an overview of school finance that uses common sense language, skip down to “School Finance, Simplified,” by clicking here.
- Outstanding Property Tax Levies and Maximum Levy Limits
- To see a list of all outstanding levies by rate, amount, duration and applicable maximum levy limitations, click here. The information can then be found by clicking on the link entitled “Outstanding Property Tax Levies and Maximum Levy Limits”, selecting the “enable” button at the top and then selecting Davenport in the upper left hand corner.
- Financial Report Card
- To view the district’s latest financial report card click here. Once you’ve opened the site select Davenport under the “District” drop down and hit “go”.
- Comprehensive Annual Financial Report (CAFR)
- Comprehensive Annual Financial Report CAFR 2019
- Comprehensive Annual Financial Report CAFR 2018
- Comprehensive Annual Financial Report CAFR 2017
- Comprehensive Annual Financial Report CAFR 2016
- Comprehensive Annual Financial Report CAFR 2015
- Comprehensive Annual Financial Report CAFR 2014
- Comprehensive Annual Financial Report CAFR 2013
- Cash Handling Policies & Procedures-Updated Aug 2017
- Monthly Reports
- The District’s Long Range Facility Plans can be viewed here:
School Finance, Simplified
School districts in Iowa receive funding based on a finance formula as established by the state. The formula determines the maximum amount a district can spend in a year and also details where the money will come from.
To better understand the concept, consider the process of applying for a credit card and receiving a credit limit. The credit card company sets your credit limit. Even though you may be able to afford a higher limit, you cannot spend over the limit set by the credit card company. In Iowa, it is illegal for a school district to spend beyond their spending limit.
The finance formula contains very specific components that when added up, total the maximum spending limit for a district. The biggest funding element of the district’s budget is based on the number of students in the district. Each year the state legislature establishes a per pupil dollar amount that districts will receive for each student enrolled in the district. This comprises over 80% of the district’s budget.
Other components that add to the total spending limit include dollars passed on to the Area Education Agency, funding generated by the Instructional Support Levy, miscellaneous income brought into the district and any special exceptions as granted by the state. That’s it.
Once the district has determined what the spending limit will be for the year, the next step is to identify where the money will come from and where it will be spent.
The money the district receives for each student enrolled in the district comes from two sources: the state provides funding and property taxes generated within the district provide funding. Again, a formula is used to determine the percentage share that each source will fund.
School district budgets are unique in that the spending limit is determined first, and then the district determines the sources to fund the limit. If a district were to generate more funding than the spending limit allows, the district would not be able to spend the additional funding.
Obviously, school finance is complex. Davenport Community Schools has a Finance Department filled with highly qualified individuals to insure the district remains financially healthy and in compliance with federal and state guidelines.
The Board of Directors are presented with a financial packet of information each month at the Committee of the Whole meeting. This information contains general fund financial statements, self insurance fund statement and comparative information to the previous two months as well as previous two years. Other funds and programs are also presented in the monthly report. On a quarterly basis this packet of information contains an investment portfolio as well as a summary of grants that have been awarded.
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Secretary’s Monthly Financial Report and Treasurer’s Recapitulation of Balances
Long Range Facilities Plan and Superintendent’s Recommendation
In 2014 the Davenport Community School District (DCSD) Board of Education tasked the administration with updating the district’s Long Range Facilities Plan (LRFP). This plan guides the District’s investments in its facilities. We engaged a planning and design firm, RDG Design Group of Des Moines and local architects, SGGM, to assist in compiling and analyzing data, as well as planning and budgeting for improvements in District facilities over the next ten years. Studies were done of building conditions/needs, enrollment capacity, and projected enrollment through the year 2025.
The Davenport Community School District was formed 157 years ago to educate the students of Davenport and we’ve come to serve the communities of Blue Grass, Buffalo and Walcott, as well. We have four high schools, four intermediate schools, two K-8 schools, the Keystone Academy, and 17 elementary schools. The District maintains the Brady Street Stadium, an Operations Center, and the Achievement Service Center. Our schools are distinct in appearance and programs, ranging from facilities that were constructed in the early 1900’s to the recent Mid City High renovation in 2014.
Some of our considerations in working on the Long Range Facilities Plan included:
- Creating an equitable school climate while respecting the unique programs in each of our schools
- Identifying a set of educational specifications to help create the best possible learning environment for all of our students
- Commitment to sound financial stewardship of our available funds
- Maintaining our flexibility to take advantage of new ideas that would provide our students with unmatched opportunities in their educational careers
The result is a plan that includes work by our consultants, staff members, and input from community groups. We hope you’ll take time to read the Executive Summary and Superintendent Tate’s recommendations to the Board at the August 3, 2015 Committee of the Whole meeting. Full copies of the Long Range Facilities Plan are available for the public to review at the Achievement Service Center, 1606 Brady Street, Davenport, and at J.B. Young K-8 at 1702 Main Street. The full plan is also available below.
The Davenport Community Schools administration and Board are interested in your thoughts. Please share them via emails to email@example.com
LONG RANGE FACILITIES PLAN
- 0 Table of Contents LRFP Full Report 07-29-15
- 1 Introduction LRFP Full Report 07-29-15
- 2 Planning Process LRFP Full Report 07-29-15
- 3 Building Design Principles LRFP Full Report 07-29-15
- 4 Current Educational Specifications LRFP Full Report 07-29-15
- 5 Cost to Achieve Educational Specifications LRFP Full Report 08-11-15
- 6 Existing Conditions LRFP Full Report 08-11-15
- 7 On-going Building O&M Costs LRFP Full Report 07-29-15
- 8 Sustainability, Energy Efficiency and Life Cycle Costs LRFP Full Report 07-29-15
- 9 Resources, Budgets and Claims on Funds LRFP Full Report 07-29-15
- 10 Anciliary Facilities, Property Acquisition & Disposal LRFP Full Report 08-11-15
- 11 Athletic Facilities LRFP Full Report 07-29-15
- 12 Analysis of Enrollment Capacity LRFP Full Report 08-11-15
- 13 Analysis of Projected Enrollment LRFP Full Report 081115
- 14 Recommendations for Right Sizing LRFP Full Report 072915
- 15 Draft of Ten Year Project Plan LRFP Full Report 072915