$16.712M Canastota Ctrl SD, NY, TD Fin appears high; NIC 2.779%

Canastota Central School District (Canastota Ctrl SD, NY) reported total district expenditures of $31.446 million for the most recent fiscal period, with $16.712 million allocated to instruction, representing a significant portion of the budget. This figure highlights the district’s focus on direct educational services, including teacher salaries and classroom resources. Instructional spending accounts for 53.2% of total expenditures, underscoring the district’s commitment to maintaining instructional quality amid a student population of 1,233.

The district’s net income (NIC) for the period was reported at 2.779%, indicating a modest return on its financial operations. This figure reflects the district’s ability to manage expenses while maintaining essential services. Revenue for the district totaled $37.374 million, with the majority—49.5%—coming from state funding, followed by 34.6% from local sources and 15.9% from federal funds.

With a student-to-teacher ratio of 11:1 and 100% of teachers licensed, the district continues to prioritize educational quality. However, 44.2% of students are economically disadvantaged, which may influence long-term budget planning and resource allocation.