Financial Reports

Achievement for Excellence in Financial Reporting

Cincinnati Public Schools' Treasurer's Office qualified for the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for our 2019 fiscal year-end Annual Comprehensive Financial Report (ACFR). This is the highest recognition for government accounting and reporting.  

• Annual Comprehensive Financial Report (ACFR) — 2024
• Annual Comprehensive Financial Report (ACFR) — 2023
• Annual Comprehensive Financial Report (ACFR) — 2022
• Annual Comprehensive Financial Report (ACFR) — 2021
• Excellence in Financial Reporting — 2021
• Comprehensive Annual Financial Report (CAFR) — 2020

For more past reports, click here. 

The CPS Board of Education recently approved the Federal Elementary and Secondary School Emergency Relief (ESSER) funding plan: 

• Cincinnati Public School's Three-Year ESSER III ARP Plan
• The PowerPoint presentation of the ESSER III ARP Plan

We recently received engagement and feedback from our students, families, district administrators, teachers, principals, school staff and their unions.

Beginning with the 2021–22 school year, ESSER funding will provide the following to our school communities:

• Addressing Learning Loss, Summer Learning, After School Activities (including evidence-based curriculum)
• Social/Emotional/Mental Health Support
• Educational Technology
• Provide Principals with resources to address individual school needs
• School facility repair and improvements (including air quality)
• Personal Protective Equipment & Supplies to clean, sanitize, disinfect facilities
• Continue to employ existing staff
• School repair and improvements to reduce risks of viral transmission
• Improve indoor air quality (including windows/doors)
• Mitigating environmental health hazards

ESSER III Fiscal Year 2024 Budget 

• Click here to view and download: ESSER FY24 BUDGET

ESSER III Fiscal Year 2023 Budget Revisions  

ESSER III Budget Revisions were presented to the public during CPS Regular Board Meeting 12/5/22. 

• Click here to view and download: ESSER FY23 BOARD PRESENTATION - DEC. 5, 2022
• Click here to view and download: ESSER III FY23 BUDGET SPREADSHEET

• July 2025
  • Monthly Financial Report
  • Fund Activities Report
• August 2025
  • Monthly Financial Report
  • Fund Activities Report

CPS and Preschool Promise

The United Way of Greater Cincinnati (UWGC) continues to oversee the expansion of affordable, quality preschool in Cincinnati since voters approved a 5-year, 7.93-mill levy request for Cincinnati Public Schools in November 2016. This voters approves a 5-year, 7.34-mill levy renewal in November 2020.

United Way of Greater Cincinnati will manage disbursement of $15 million annually for preschool – inside CPS buildings and through community-based providers – of the $48 million in annual revenues that the levy would generate. CPS will retain overall fiscal responsibility and accountability to the taxpayers.

Here's a breakdown of how this will work:

Cincinnati Public Schools Board

1. Fiscally responsible.
2. Issues Request for Proposals and selects a Trusted Entity (United Way of Greater Cincinnati was selected for this role).
3. Nominates five Trustees to the Preschool Expansion Organization Board.
4. Disburses funds to United Way (Trusted Entity) and annually audits — common tuition assistance formula and retains the funds for CPS preschool expansion with a transparent reconciliation process.
5. Contracts to conduct an annual evaluation and audit.
6. Establishes a Workforce Development Council that works in partnership with the Preschool Expansion Organization.

Preschool Expansion Organization

1. Hires the CEO.
2. Receives funding from United Way of Greater Cincinnati.
3. Works jointly with CPS district to align curriculum and outcomes to K-12 state academic standards.
4. Contracts with community providers to expand quality seats and process payments for tuition credits and quality improvement grants.
5. Coordinates tuition credits with other public funding.
6. Quarterly reports on budget, enrollment and provider payments.
7. Reviews plans and forecasts on capacity, level of quality and participation
8. Reviews enrollment, satisfaction and payment processes.
9. Collaborates with the Workforce Development Council on professional employment standards, wage administration/parity, quality improvement (coaching, teacher pipeline, etc.) and curricular alignment to state standards.
10. Leads annual reconciliation of all dollars going to preschool tuition assistance and quality improvement grants in partnership with CPS and its Audit Committee.
11. Preschool funding should ensure competitive wages for full-time teachers with comparable credentials, with a rate of at least $15 an hour. This will ensure that participating preschool programs can hire and retain good teachers and provide quality.

United Way of Greater Cincinnati

1. Implements requirements of the Request for Proposals (RFP) and audit.
2. Establishes Preschool Expansion Organization and elects the Board of Trustees.
3. Nominates five Trustees to the Preschool Expansion Organization Board.
4. Disburses funds to Preschool Expansion Organization.
5. Provides support to the Preschool Expansion Organization — leveraging current infrastructure.
6. Fundraising

Cincinnati Preschool Promise

1. Nominates five Trustees to the Preschool Expansion Organization Board.

Parent and Provider Advisory Council

1. Jointly appointed by CPS Board and Preschool Expansion Organization.
2. Oversees and advises on parent and provider satisfaction.
3. Provides input on policies and procedures for parent and provider recruitment and participation.

Chart — CPS and Preschool Promise Governance and Management — Sept. 2016