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Financial Services

Financial 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.

Financial Services

Financial Services

Financial Planning

The first edition of the district’s Multi-Year Strategic Financial Plan is a product of our work toward the implementation of the Government Finance Officers Association (GFOA) Best Practices in School Budgeting. This plan will serve to guide our annual budgeting process to ensure that our instructional priorities are being funded and any budget gaps are closed.

Budgeting

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 2021-22 Adopted Budget represents the district’s fourth year as a recipient of the Association of School Business Officials International’s Meritorious Budget Award.

Grant Compliance

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).

Financial Reporting

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 Financial Report, a document recognized with a Certificate of Achievement for Excellence in Financial Reporting annually for over 30 years.

Doing Business

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.

  • Vendor Services
  • Requests for Quotes/Proposals

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 jennifer.schroeder@corvallis.k12.or.us or 541-757-5874 for more information.

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 jennifer.schroeder@corvallis.k12.or.us or 541-757-5874 for more information.

ESSER & SIA

Elementary and Secondary School Emergency Relief Fund III (ESSER III)

The American Rescue Plan Act, 2021 (ARP Act or ARPA) provides federal funding through the Elementary and Secondary School Emergency Relief Fund III (ESSER III or ARP ESSER) to help safely reopen and sustain the safe operation of schools and address the impact of the coronavirus pandemic on students. ESSER III funds can be used for eligible expenses incurred between March 13, 2020 and September 30, 2024.

The ESSER III District Plan builds on learning from our Student Investment Account (SIA) Plan, and provides essential information required by ESSER III. It acts as a structure for collecting and aligning the ESSER III-specific information to support planning and sharing key information with our community and staff.

Student Investment Account (SIA)

In 2019, the Oregon Legislature passed the $2 billion Student Success Act (HB 3427). At the heart of the Student Success Act is a commitment to improving access and opportunities for students who have been historically underserved by the education system. The Student Investment Account represents 50% of the Student Success Act funding dedicated for public schools in Oregon.

School districts are required to apply for funds and must demonstrate engagement of the community in a needs assessment process prior to the application for funds. SIA grant funds can be used in four broad areas including increasing instructional time; addressing student health and safety needs; decreasing class size; and expanding well-rounded learning opportunities. Programs must also meet students’ behavioral and mental health needs and increase academic achievement as well as reduce disparities among student groups.

Budget Committee

The district’s Budget Committee, comprised of seven elected school board members and seven appointed citizens, meets each spring to review the Superintendent’s Proposed Budget for the following fall.

The Corvallis School District has two vacancies on the Budget Committee for three-year terms that end June 30, 2024. Interested individuals are encouraged to apply using our online form by 5:00 pm on Friday, October 29, 2021*. Materials submitted will be public information (with contact information removed). The School Board will vote to appoint two budget committee members at the regularly scheduled November 18, 2021 board meeting.

*Application deadline has been EXTENDED! Positions are available until filled.

The 2022 Budget Committee is currently scheduled to meet on the following dates:

  • April 21, 2022 – Committee Orientation
  • May 19, 2021 – Meeting 1
  • May 26, 2021 – Meeting 2

These dates are subject to change! Watch this space for further information.

The Budget Committee approved the 2021-22 Budget on May 27, 2021 and the School Board adopted the budget without alterations at it’s June 10, 2021 meeting. Once again, the district’s budget has earned the Association of School Business Officials International’s Meritorious Budget Award.

The 2020-21 Budget was Adopted by the School Board on June 11, 2020 and earned a Meritorious Budget Award from the Association of School Business Officials International.

The 2019-20 Adopted Budget has been recognized by the Association of School Business Officials International with a Meritorious Budget Award. This is the second year the district has received this award.

Doing Business

NEW! Nvoicepay Partnership

The Corvallis School District has partnered with Nvoicepay to facilitate electronic payments to our vendors.

2018 Facilities Bond Program Procurement

The intended scope of the 2018 Facilities Bond Program includes two replacement elementary schools, the replacement of 21 modular classrooms across the district’s elementary schools with permanent classroom facilities, the addition of multi‐purpose dining commons at four elementary schools, capital repairs district‐wide, safety upgrades district‐wide, and the modernization of teaching spaces district‐wide.

Procurement not funded by 2018 Facilities Bond

Opportunities listed in this section are those not funded through 2018 Facilities Bond dollars. This may include issues for bid by GM/GC contractor(s) who are also providing services to the Bond Program.

  • No open formal procurement requests at this time.

Disclaimer

Financial information provided on these pages is intended to educate, inspire, and inform patrons of the Corvallis School District. These resources alone should not be used for investment purposes.

Questions? Contact Us

Contact


Business Services
P: 541-757-3859
F: 541-757-5703

Apply for the Budget Commitee