1702 N. Main St.
Davenport, IA

Finance Department

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.

Quick Links

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.



Monthly Reports
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.

Financial Reports

2020 2019 2018 2017
July 2019-Jan 2020


January January January
February February February February
March March March March
April April April April
May May May May
September September
October October
November November
December December


Secretary’s Monthly Financial Report and Treasurer’s Recapitulation of Balances

2020 2019 2018
January 2020 January 2019 January 2018
February 2020 February 2019 February 2018
March 2020 March 2019 March 2018
April 2020 April 2019 April 2018
May 2020 May 2019 May 2018
June 2020 June 2019 June 2018
July 2020 July 2019 July 2018
August 2020 Aug 2019 August 2018
September 2020 Sept 2019 September 2018
October 2019 October 2018
November 2019 November 2018
December 2019 December 2018


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 feedback@davenportschools.org

Executive Summary Long Range Facilities Plan 8.3.15

Rec to Board to pass resolution to close Young August 2015

Rec re Long Range Facility Plan 8.3.15

Summary of savings

Process Timeline for Closing School