Departments & Programs

Budget & Finance Department

Budget Basics

Schools in Virginia are funded through three primary revenue sources: City, state and federal funds. The school budget is developed to cover expenses through the fiscal year from July 1 to June 30.

City: The largest source of CCS funding for operations comes from the City of Charlottesville. City revenue is primarily generated from real estate tax   (currently $.95 per $100 of assessed value) as well as a portion of the tax collected by the County of Albemarle through a revenue-sharing agreement established in 1982.

State: The Commonwealth of Virginia is the second largest funding source. The state funds local school divisions through a funding formula developed under the state’s Standards of Quality (SOQ). These payments are derived by multiplying a per-pupil amount by the division’s projected Average Daily Membership. SOQ payments are then funded by the state and the City of Charlottesville based upon an ability to pay ratio (called the Local Composite Index.) The state also pays for specific programs directly such as lottery revenue, foster care, vocational education, and special education.

Federal: Federal revenue is the smallest governmental funding source and is often subject to very specific and targeted rules concerning how money may be used. The three major programs funded by the federal government (constituting over 60% of federal contributions) are: Title I, which supplements educational opportunities for children who live in high poverty areas who are most at risk of failing to meet the state's performance standards; Title VI-B (special education services); and school nutrition.

CCS generates a small portion of revenue through rental income, non-residents’ tuition, driver education fees, administrative fees for grant-funded programs, and rebates or refunds.

NOTE: Posted information is accurate at the time of the meeting and may have since changed or been adjusted as the budgeting process continues.

February 2, 2012 Public Hearing

January 28 Work Session

January 23-27, 2012 Budget Update

PTO meetings - presentation

PTO meetings - handouts

January 5, 2012 Budget Update

Budget Workshop Files: December 3, 2011

Recommendation to purchase Time and Attendance Software
New software to replace the current paper-based manual process. Ed Gillaspie highlighted the inefficiency of the current system and how time and attendance software would streamline the process and reduce handling issues and errors.