Business Services
Business Services staff provide accountability to the public for all business operations of the district. Activities include budget management, financial reporting, purchasing, grant management, revenue forecasting, and risk management.
Budget Development
Each year, the district develops its budget based on projected funding. District funding primarily comes from the following sources:
- State School Fund (Property taxes and other local funds)
- Grant funding (such as the Student Investment Account)
- Local Option Levy (Local property tax renewed every five years)
The Superintendent, along with district and school leadership, creates the proposed budget each year and presents it to the Budget Committee.
Information about the current budget cycle can be found here.
The 2025-26 Adopted Budget represents the district’s eighth year as a recipient of the Association of School Business Officials International’s Meritorious Budget Award.
2026-27Adopted Budget
An extension of the financial planning process, the annual budget process matches available financial, material, and human resources to educational programs and services for students.
The 2026-27 Budget was adopted by the School Board of Directors on June 18, 2026.
Budget Committee
The Budget Committee has 14 equal members:
- Seven elected school board members
- Seven citizens appointed to three-year terms by the Board
These individuals are charged with:
- Reviewing the Superintendent’s proposed budget
- Listening to public comment regarding the budget
- Recommending changes
- Approving the budget total and tax rates to be forwarded to the School Board for adoption
The District currently has one vacancy on the budget committee, reserved for a member of DEDI.
These are large documents! It is recommended that readers save the document to their local device and open using Adobe Reader. Paper copies are available for review upon request.
Contact businesssvcs@corvallis.k12.or.us or 541-757-3859 for more information.
Finance staff provide regular updates to the school board regarding the district’s financial position. Reports are also provided to the Oregon Department of Education and other agencies as required. An independent audit is conducted annually and published as the district’s Annual Comprehensive Financial Report (ACFR).
The following Annual Financials are large documents! It is recommended that readers save the document to their local device and open using Adobe Reader. Paper copies are available for review upon request.
Contact businesssvcs@corvallis.k12.or.us or 541-757-3859 for more information.
Long-Range Financial Reports:
Annual Comprehensive Financial Reports:
- 2024-25 Annual Financials
- 2023-24 Annual Financials
- 2022-23 Annual Financials
- 2021-22 Annual Financials
- 2020-21 Annual Financials
- 2019-20 Annual Financials
- 2018-19 Annual Financials
- 2017-18 Annual Financials
- 2016-17 Annual Financials
- 2015-16 Annual Financials
- 2014-15 Annual Financials
- 2013-14 Annual Financials
As part of its financial planning and reporting processes, the district must clearly comply with a variety of grant requirements to ensure appropriate use of funds. Two of the larger grants received by the district are Oregon’s Student Investment Account (SIA) and federal pandemic recovery funds (ESSER).
The Student Investment Account (SIA) was established when the Oregon Legislature passed the $2 billion Student Success Act (HB 3427) in 2019.
The Elementary and Secondary School Emergency Relief Fund III (ESSER III) provides federal support as described in the American Rescue Plan Act, 2021 (ARP Act).
Finance department staff support individual schools and departments in purchasing goods and services in the most efficient, beneficial, and cost-effective manner. If you are a vendor wishing to do business with the district, you may submit general and introductory information electronically to finance department staff, or respond to any of the district’s formal requests for proposals.
In 2007, the Oregon State Legislature passed Senate Bill 1036 to help school districts fund a portion of the costs associated with building new or expanding existing school facilities. This bill authorizes school districts to impose a construction excise tax on specific residential and non-residential developments that result in new structures or additional square footage to an existing structure. CET revenues are collected on behalf of the school district by the regional cities and counties that issue local building permits at the time of permit issuance.
The Corvallis School District infrastructure encompasses a diverse range of capital assets, including elementary and secondary educational buildings, administrative facilities, athletic fields, and structured playgrounds. We are dedicated to maintaining safe, modern, and high-quality learning environments across all of these properties. The funds gathered from this tax are placed directly into a dedicated Construction Excise Tax Fund to bridge critical funding gaps for ongoing and future capital facility improvements.
The Oregon Department of Revenue (DOR) is responsible for indexing statutory tax rate limits. Corvallis School District updates its specific CET rates on July 1st of every year to align with the updated DOR rate.
- July 1, 2026 (Resolution 26-0604)
- Residential $1.70
- Non-residential $.85 (42,200 maximum)
- July 1, 2025 (Resolution 25-0605)
- Residential $1.67
- Non-residential $.84 (41,800 maximum)
Osborn Aquatic Center
Copier/Printer Hardware, Service, and PaperCut MF Software
Move Services for the Corvallis School District School Consolidations
