Numbers to Think About
I thought it might be nice to see some context so I pulled Metro’s Certified Annual Financial Reports (CAFR) for the years ending June 30, 2003 and 2012 and the MNPS budget for 2012. Perhaps by looking at a ten year period we could see how much school funding has changed.
Assuming my numbers below are correct, it looks like per student funding for kids attending MNPS schools has gone down 3.29% since 2003. The 13% increase in students and the significant increase in funds going to charter schools seem to have taken a toll. I’m a lawyer not an accountant, so let me know if my numbers are off.
Perhaps the numbers change after the 2013 CAFR but these are the most up to date numbers today.
|FY||Students per CAFR||Total Expended Per CAFR||Per Student Expenditure in Year of Appropriation $ per CAFR before Charter Transfer||Charter Transfers Per MNPS 2011-2012 Budget||Net to MNPS||Per Student Expenditure in 2012 Dollars after Charter Transfer||CPI as of July 2003 and July 2012 per BLS||Change|