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Our mission is to graduate 100 percent of our students, college and career ready.

Our Finances

The Finance Division is actually divided into several departments. These departments include Accounting, Payroll, Treasury, Financial Reporting, Federal Programs, and Human Resources. and Pupil Accounting coordinates enrollment and manages student statistics, working closely with Teaching and Learning.
 
The Finance Division develops and monitors the district’s budget, classifying revenues and expenditures correctly, and preparing all financial reports and statements. Staff also coordinate the annual audit and maintain compliance with all state and federal regulations and reports pertaining to the fiscal operations of the district.
 
The district’s finances are classified within several funds, including the general fund, building fund, child nutrition fund, the debt service fund, and bond funds.
 
The largest of these, the general fund, is used to pay salaries of teaching and support staff members, purchase classroom supplies and textbooks, and utility and insurance costs. On average, salaries and benefits make up more than 80 percent of general fund expenditures.
 

Revenues & Expenditures

For Fiscal Year 2022-23, the general fund - the district’s main operating fund - reported revenues of $143,651,379 and expenditures of $143,483,140.

Foundation (Formula) State Aid, the district’s single largest source of operating revenue, was $48,735,692.
 
Union received $33,746,850 in ad valorem revenues for 2022-2023 and placed in the General Fund based on the district’s net assessed valuation of $956,632,688.

Total bonded indebtedness as of June 30, 2023, was $105,889,250 (principal and interest).

Union maintains an excellent bond rating of AA+ from Standard & Poors.

2022-2023 Revenues & Expenditures for the General Fund pie chart. The graph shows two pie charts for revenues and expenditures. The revenues graph shows 34 percent for state aid at S48.7 million, additional state funds at 17 percent or $23.9 million, federal funds at 15 percent or $21 million, taxes for 23 percent or #33.7 million, local funds for $10.8 million and intermediate funds for 4 percent or $5.3 million. The expenditures graph show instruction at 52 percent or $74.6 million, followed by (in order as presented on the graph) student transportation, 4 percent or $6.1 million; non-instructional services at 4 percent or $5.7 million, operations and maintenance at 11 percent or $15.1 million, business at 6 percent or $8.8 million, school administration at 7 percent or #10.5 million; general administration at 2 percent or $3.2 million, instructional support at 5 percent or $7.2 million and student support at 9 percent or $12 million.

 

Caption: The graph shows two pie charts for revenues and expenditures. The revenues graph shows 34 percent for state aid at S48.7 million, additional state funds at 17 percent or $23.9 million, federal funds at 15 percent or $21 million, taxes for 23 percent or #33.7 million, local funds for $10.8 million and intermediate funds for 4 percent or $5.3 million. The expenditures graph show instruction at 52 percent or $74.6 million, followed by (in order as presented on the graph) student transportation, 4 percent or $6.1 million; non-instructional services at 4 percent or $5.7 million, operations and maintenance at 11 percent or $15.1 million, business at 6 percent or $8.8 million, school administration at 7 percent or #10.5 million; general administration at 2 percent or $3.2 million, instructional support at 5 percent or $7.2 million and student support at 9 percent or $12 million.

2022-2023 Finance Division Highlights

Finance staff group picture -spring 2024