SBCSC Summary
Financial Numbers
Revenue (Click for more detail)
Education Revenue Fund 3101 By December 31, 2019 $62,852,349 (Certified)
Operations Revenue 2020 is $22,616,482 (Certified)
Grants Revenue Received for 2018-2019 $30,991,858.35
Expenses (Click for more detail)
Education Expense Account 3101 $ 112,853,761
Operation Expense Account 3300 $ 67,909,544
(36% of the Budget is operating expenses. If it were lower, there would be more funds for education/teachers.)
Pension Expense Debt + Interest $ 3,149,474
Debt Expense for one year $ 16,175,766
* Proper management of funds would have not taken on so much debt and forcing $16M a year to be spent on debt service. This could have been spent on other things.
Certainly they knew the property tax caps were coming?
Certainly they should have adjusted accordingly for declining enrollments?
Salaries (Click for more detail and all salaries)
Mr. C. Todd Cummings, Superintendent, Annual Salary is $191,466.24 They want to give him a $25,000 raise if he can get this passed.
Ms. Kareemah Fowler, Chief Financial Officer, Annual Salary is $119, 000
NOTE: She is NOT a CPA with multi-million dollar budget experience, but will sign checks for over $185M a year and oversee $737,989,982 in assets.
She formerly was the City Clerk for the City of South Bend. When it was discovered she was not living in the City, she was removed as Clerk and moved to this position with SBCSC.
Endorsements
A majority of those endorsing this $200,000,000 plus in new taxes on us are on City payroll, or on it previously. These are the same ones that gave over $125M in Tax Abatements, ran huge deficit budgets (overspending) that ran down cash reserves (City Savings Account), ran up over $200+M in TIF debt that got given to private developers instead of funding our water treatment, sewers and roads.
Now they want to do the same thing with the schools. For $54M fix up the school buildings with our tax dollars and the sell then to developers for a $1 (per State law) when they are downsizing. Vote NO.
TOTAL DEBT CURRENTLY OWED $89,689,266 (Click for more detail)
Assets
Land $ 1,924,680
Buildings $ 628,304,794
Machinery $ 107,755,456
Improvements $ 5,052
Cost per Student Enrollment Cost / Student Teachers
Certified Expenditures for 2012 $ 196,023,776 20,156 $ 9,725 1,321
Certified Expenditures for 2013 $ 194,036,592 19,478 $ 9,962 1,248
Certified Expenditures for 2014 $ 189,024,562 19,308 $ 9,790 1,437
Certified Expenditures for 2015 $ 189,443,158 18,680 $ 10,119 1,039
Certified Expenditures for 2016 $ 189,940,607 18,110 $ 10,488 1,273
Certified Expenditures for 2017 $ 182,890,586 17,697 $ 10,335
Certified Expenditures for 2018 $ 183,154,954 17,225 $ 10,633
Certified Expenditures for 2019 $ 178,330,791 16,725 $ 10,663
Certified Expenditures for 2020 $ 187,173,324
Enrollment (Click for more detail)
From 2012 to 2019 they have dropped by 3,431
With people homeschooling due to the pandemic and the start of the Purdue High School, enrollments will most likely drop again.
This contraction means they need to RIGHT SIZE and DOWNSIZE, not increase taxes and expand. Vote NO.
Revenue (Click for more detail)
Education Revenue Fund 3101 By December 31, 2019 $62,852,349 (Certified)
Operations Revenue 2020 is $22,616,482 (Certified)
Grants Revenue Received for 2018-2019 $30,991,858.35
Expenses (Click for more detail)
Education Expense Account 3101 $ 112,853,761
Operation Expense Account 3300 $ 67,909,544
(36% of the Budget is operating expenses. If it were lower, there would be more funds for education/teachers.)
Pension Expense Debt + Interest $ 3,149,474
Debt Expense for one year $ 16,175,766
* Proper management of funds would have not taken on so much debt and forcing $16M a year to be spent on debt service. This could have been spent on other things.
Certainly they knew the property tax caps were coming?
Certainly they should have adjusted accordingly for declining enrollments?
Salaries (Click for more detail and all salaries)
Mr. C. Todd Cummings, Superintendent, Annual Salary is $191,466.24 They want to give him a $25,000 raise if he can get this passed.
Ms. Kareemah Fowler, Chief Financial Officer, Annual Salary is $119, 000
NOTE: She is NOT a CPA with multi-million dollar budget experience, but will sign checks for over $185M a year and oversee $737,989,982 in assets.
She formerly was the City Clerk for the City of South Bend. When it was discovered she was not living in the City, she was removed as Clerk and moved to this position with SBCSC.
Endorsements
A majority of those endorsing this $200,000,000 plus in new taxes on us are on City payroll, or on it previously. These are the same ones that gave over $125M in Tax Abatements, ran huge deficit budgets (overspending) that ran down cash reserves (City Savings Account), ran up over $200+M in TIF debt that got given to private developers instead of funding our water treatment, sewers and roads.
Now they want to do the same thing with the schools. For $54M fix up the school buildings with our tax dollars and the sell then to developers for a $1 (per State law) when they are downsizing. Vote NO.
TOTAL DEBT CURRENTLY OWED $89,689,266 (Click for more detail)
Assets
Land $ 1,924,680
Buildings $ 628,304,794
Machinery $ 107,755,456
Improvements $ 5,052
Cost per Student Enrollment Cost / Student Teachers
Certified Expenditures for 2012 $ 196,023,776 20,156 $ 9,725 1,321
Certified Expenditures for 2013 $ 194,036,592 19,478 $ 9,962 1,248
Certified Expenditures for 2014 $ 189,024,562 19,308 $ 9,790 1,437
Certified Expenditures for 2015 $ 189,443,158 18,680 $ 10,119 1,039
Certified Expenditures for 2016 $ 189,940,607 18,110 $ 10,488 1,273
Certified Expenditures for 2017 $ 182,890,586 17,697 $ 10,335
Certified Expenditures for 2018 $ 183,154,954 17,225 $ 10,633
Certified Expenditures for 2019 $ 178,330,791 16,725 $ 10,663
Certified Expenditures for 2020 $ 187,173,324
Enrollment (Click for more detail)
From 2012 to 2019 they have dropped by 3,431
With people homeschooling due to the pandemic and the start of the Purdue High School, enrollments will most likely drop again.
This contraction means they need to RIGHT SIZE and DOWNSIZE, not increase taxes and expand. Vote NO.
Academic Results (Click for more detail)
* Overall the Corporation has a "C" rating
* iStep 24.3%
* Graduation Rate 74.2%
Source: Indiana Department of Education
* Overall the Corporation has a "C" rating
* iStep 24.3%
* Graduation Rate 74.2%
Source: Indiana Department of Education
Charts (Click here for more details)
Vouchers
* This is a STATE issue and they are most likely here to stay.
* Prorating them would make the financial distribution more fair. Instead of the schools getting all the funds for just keeping the child enrolled for a few weeks at the beginning of the year, if the schools got monthly payments based on the enrollment for each month at a time it would even out the funding.
* Public Schools could get more for students that have handicaps, behavioral issues and learning disabilities that are not being met in the private schools.
If you want this changed, press your State Representatives.
* This is a STATE issue and they are most likely here to stay.
* Prorating them would make the financial distribution more fair. Instead of the schools getting all the funds for just keeping the child enrolled for a few weeks at the beginning of the year, if the schools got monthly payments based on the enrollment for each month at a time it would even out the funding.
* Public Schools could get more for students that have handicaps, behavioral issues and learning disabilities that are not being met in the private schools.
If you want this changed, press your State Representatives.
Education Outlook
* Enrollments have been steadily declining at SBCSC
* Even before the pandemic there has been a steady shift to move towards e-learning
* More parents will keep their children at home to keep them healthy from COVID, further decreasing enrollments and increasing homeschooling
* South Bend has yet to increase their score to above a "C" and iStep above 25% creating a move to other schools
This is the time to Right Size and Down Size. Vote NO.
* Enrollments have been steadily declining at SBCSC
* Even before the pandemic there has been a steady shift to move towards e-learning
* More parents will keep their children at home to keep them healthy from COVID, further decreasing enrollments and increasing homeschooling
* South Bend has yet to increase their score to above a "C" and iStep above 25% creating a move to other schools
This is the time to Right Size and Down Size. Vote NO.
Economic Outlook
* Unprecedented economic downturn for the next few years due to the pandemic unemployment
* South Bend residents are facing increased property tax assessments
* Water/Sewer rates are increasing to cover infrastructure expenses
* South Bend has a 22.8 % Proverty Rate (Source: Racial Divide Report by City of South Bend)
* South Bend is 40% Seniors over age 50, many on fixed incomes that are already pressed by increasing food and medical costs
* Food costs are increasing
* Added property taxes will increase rental rates on those already struggling to meet their rents
* Property tax sales have increased from 2,000 a year to over 3,000 and continue to increase
All these factors mean voting YES will damage the chances of people staying in their homes. Vote NO.
Can YOU afford more property tax increases or rent increases on top of the already rising assessments?
* Unprecedented economic downturn for the next few years due to the pandemic unemployment
* South Bend residents are facing increased property tax assessments
* Water/Sewer rates are increasing to cover infrastructure expenses
* South Bend has a 22.8 % Proverty Rate (Source: Racial Divide Report by City of South Bend)
* South Bend is 40% Seniors over age 50, many on fixed incomes that are already pressed by increasing food and medical costs
* Food costs are increasing
* Added property taxes will increase rental rates on those already struggling to meet their rents
* Property tax sales have increased from 2,000 a year to over 3,000 and continue to increase
All these factors mean voting YES will damage the chances of people staying in their homes. Vote NO.
Can YOU afford more property tax increases or rent increases on top of the already rising assessments?