The Revolving Fund designation is utilized for ongoing programs with revenue receipts. Fund balances carry over from year to year. Revolving Fund expenditures in FY 2023 are projected to be about $5 million, which is less than 2% of the total district budget.
The three largest Revolving Fund programs (in terms of revenue generation) are described below.
Food Services Revolving Fund
Revenue generated from school breakfast and lunch program federal and state reimbursements, as well as receipts from paid student meals, is expended on the operational costs of the Food Services Department. Projections are based on trend data related to number of eligible students, number of meals served, reimbursement rates, percentage of students paying for meals, etc. and are updated throughout each year.
School Facilities Revolving Fund
Revenue generated from rental and other user fees related to use of school buildings for non-school purposes is expended primarily for custodial and security details that are required as part of the terms and conditions of use. Funds may also be expended on facilities maintenance. Projections are based on the fee structure and estimates of the number of rentals and the estimated cost of custodial and security details.
E-Rate Revolving Fund
Mandated by Congress in 1996 and implemented by the Federal Communications Commission in 1997, the E-rate Program provides discounted Internet access, and internal connections to eligible schools and libraries. Revenue generated from the federal E-rate reimbursement program is expended for technology related expenses, including, professional and technical services and computer software and hardware.
Other revolving funds include:
- Culinary Arts/Vocational
- CRLS Childcare
- Lost textbooks/computers
- Driver’s Education
- Visual & Performing Arts
- Vandalism / Damage Reimbursement