Education Fund

The Education Fund is the largest fund at approximately 48% of the overall Noblesville Schools budget

Must be used to support classroom instruction

96% of this fund goes to teacher and staff salaries and benefits
It also covers guidance services, media services, school administration and instructional supplies

The following funding sources provide money for the Education Fund

The Indiana basic tuition funding formula per student
Additional state funding based on the percentage of low income and foster care students
State grant funds to support additional needs in special education, career and technical education, and with non-English speaking students
Summer school reimbursement
Interest on investments

Noblesville Schools receives less money per student in this fund than most other districts in Indiana due to the state’s funding model that bases dollars on the socio economic mix of our community. Noblesville Schools is in the bottom six percent of per student funding from the state.

2025 Actuals