CPS Renewal Levy Passes
Cincinnati Public Schools' renewal operating levy on the November 3, 2020, ballot passed with a wide margin — 69.6 percent for and 30.4 percent against.
The levy raises $48 million annually for CPS for the next five years, starting in 2021. Passage of this renewal levy does not raise a taxpayer's property taxes.
The money continues funding for two district priorities set in 2016: $15 million annually to expand preschool opportunities and $33 million for learning programs for students in kindergarten through 12th grades by continuing college- and career-readiness programs; expanding neighborhood elementary school options; and increasing students' access to technology.
CPS Financially Sound
In March 2021, the district maintained its bond credit rating issued by Moody's Investor Service, despite the economic downturn due to the coronavirus pandemic. The district maintained its Aa2 rating on some bonds and Aa3 rating on another. In addition, the district maintained its stable outlook.
CPS had increased enrollment by more than 4,000 students over the previous five years — one of the key factors Moody's cited for the improved rating. In addition, Moody's cited Cincinnati’s recovering tax base and the district's stable cash-reserve projections as other favorable factors.
CPS consistently outperforms budgeted expectations, and Moody's attributes this to solid management, conservative budgeting practices and financial forecasting, strong community support, and the successful passage of renewal and new tax levies.
Moody's Rating Report — March 2021
Moody's Rating Action — March 2021
Moody's Rating Action — February 2021
Moody's Rating Report — January 2020
Moody's Rating Report — March 2018
Moody's Rating Report — January 2017
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) — 2021
- Excellence in Financial Reporting — 2021
- Comprehensive Annual Financial Report (CAFR) — 2020
- Comprehensive Annual Financial Report (CAFR) — 2019
- Comprehensive Annual Financial Report (CAFR) — 2018
- Comprehensive Annual Financial Report (CAFR) — 2017
General Fund Budget Process
The district's fiscal year runs July 1–June 30. The financial process begins in late fall when schools and departments begin preparing their General Fund budgets. (These do not include state programs or federally funded programs such as Title 1).
In late spring, the Superintendent presents a recommendation for a consolidated district budget to the Cincinnati Public Schools’ seven-member, publicly elected Board of Education for consideration. By the end of June, the Board authorizes funds to be spent for the upcoming school year based on an approved budget.
Understanding School Finance
- Five-Year Forecast --- May 2022
- Five-Year Forecast — November 2021
- Five-Year Forecast — May 2021
- Five-Year Forecast — November 2020
- Five-Year Forecast — May 20, 2020
- Five-Year Forecast — November 2019
- Five-Year Forecast — May 20, 2019 (fiscal years ended June 30, 2016, 2017 and 2018 actual; forecasted fiscal years ending June 30, 2019, through 2023)
- Five-Year Forecast — May 21, 2018 (fiscal years ended June 30, 2015, 2016 and 2017 actual; forecasted fiscal years ending June 30, 2018, through 2022)
- Five-Year Forecast — May 18, 2017 (fiscal years ended June 30, 2015, 2016 and 2017 actual; forecasted fiscal years ending June 30, 2018, through 2022)
- Internal Auditor
- Action Motion 133