Finance

The Treasurer’s Office works with the District staff and the Board of Education to provide strong financial stewardship for the Shaker Heights Schools.

The District ended FY 2023 once again below budgeted expenditures. The District enjoyed operating surpluses in both FY 2022 and FY 2023, continuing to add to the fund balance, which stood at $66 million as of June 30, 2023. That kind of financial vigilance has enabled the District to extend the number of years between operating levies. The last operating levy was approved by voters in 2014 — an unprecedented span without an operating levy being on the ballot.

The District utilized the American Recovery PlanElementary and Secondary School Emergency Relief (ARP ESSER) funds to address the social and emotional needs of students

Over the course of the 2020-2021, 2021-2022 and 2022-2023 school years, the District utilized the American Recovery Plan - Elementary and Secondary School Emergency Relief (ARP ESSER) funds to address the social and emotional needs of students. The funds covered the ongoing implementation of socialemotional learning curriculum in PreK-Grade 8 for both onsite and online students, increasing relationshipbuilding opportunities for online students and deploying Positive Behavior Coordinators in all schools to help with the social-emotional needs of students, including trauma-informed classroom practices.

Additionally, the District used ARP ESSER funds to employ literacy specialists to work with students in PreK-Grade 4 to address achievement gaps and establish a sound base in literacy instruction for all students. ARP ESSER funds were also used for JumpStart Plus, a summer enrichment, intervention and credit-recovery program that addresses barriers to success. The program focuses on equity, excellence and exploration by providing differentiated services and enrichment opportunities for all students at the elementary, middle and high school levels.

WHERE THE MONEY GOES

GENERAL FUND EXPENDITURES
Fiscal Year 2022-2023
Total = $104.9 Million

• 67.7% Instruction & Support Services

• 21.2% District Operations (maintenance, utilities, transportation, etc.)

• 7.3% School Administration

• 2.2% Other

• 1.6% Extracurricular Activities