Kentucky residents can now see how much schools are spending per student and other financial expenses thanks to a new update to the Kentucky Department of Education Report Card published Monday.
The information in the financial transparency section of the report card is from the 2019-2020 school year. It includes data on funding, grants, spending, and taxes for each school district, as well as school-level spending per student. Financial data is released later than the rest of the report card domains to allow districts to use the verified financial information in their calculations, which promotes greater accuracy in district financial data.
School-level expenditure per student is calculated by district staff; Specific school-level questions regarding these data should be directed to districts.
Data alone cannot fully explain a district’s financial situation, so a financial story has again been included on the Financial Summary tab of the newsletter. This optional short story – 750 characters – gives parents, community members and researchers a better understanding of the neighborhood’s financial situation.
School, district and state financial data can be compared using the report card comparison feature.
For detailed instructions on accessing and navigating the report card, see the SRC Public Website User Guide.
From the Kentucky Department of Education