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ICD School Budget Information

Projected 2023-2024 School Budget


The School Board, Parish Finance Council, Pastor, and Principal work cooperatively to develop the annual school budget to meet the needs of the school.


  • Total Projected 2023-2024 School Budget Expenses: $4,551,937.84

1.  Projected Personnel Cost

$3,301,813.81

2.  Occupancy Cost

$358,528.65

3.  Supplies

$418,065.37

4.  Assessments & Insurance (Property & Liability)

$312,300.00

5.  Fees & Services

$91,230.00

6.  Capital Expenditures

$70,000.00
  • Total Projected 2023-2024 School Budget Revenue: $3,552,411.04

1.  Program Fees (tuition)

$3,370,745.42

2.  Grant Revenue

$166,665.62

3.  Other Revenue

$15,000.00

Total 2023-2024 Budget Shortfall: - $999,526.80 Total 2023-2024 Parish Subsidy: $999,526.80

  • Estimated Parish investment per school family: $2,391.21

The actual cost of education per student is $6,549.55 & the tuition rate for one child is $6,292.

 

ICD School will continue to budget $100,000 annually for parish families who are in need of tuition assistance. We are also happy to continue offering a multi-child reduction in tuition helping to make Catholic education more affordable for families with multiple children enrolled at ICD. 

We are thankful to the ICD Parish Community School for their generosity and to those that donate regularly to the church. With this support, ICD School is able to offer quality Catholic education to our students at a lower tuition rate than the actual cost of education.