Cost-Cutting Corner

Last Updated: 3/17/2021 5:21 PM

piggy bank with dollars

 

 

In an effort to share with our tax-payers how MVCSC is being good stewards of our financial resources, here is a list of initiatives we have pursued to help our school district.

 

All of these initiatives have one thing in mind: to provide the best educational opportunities for our students and to use our taxpayer dollars in the most effective and responsible manner.

Cost-Cutting Corner - Stewardship Savings

Dec 2020 The district saved $560,000 in the December 2020 debt payments by refinancing two bond series in the spring. These savings will be used to support operational expenses over the next two years.
Dec 2020 The district chose to switch the Employee Clinic to IU Health, which saved approximately $35K annually.
Jan 2021 The district chose to narrow its health network at the beginning of 2021. This decision was made to reduce overall healthcare costs.
Jan 2021 The district anticipates significant savings in the cost of prescription claims by nearly $1M.