The Oxnard School District initiated a Year Round Education (YRE) program beginning in 1976. In 1984 the district maintained eleven YRE schools and four traditional schools. All the YRE schools are on a 60-20 plan with four staggered YRE tracks and a fifth track offering a traditional school year calendar. This cost analysis outlines how the program has saved the district in operational and capital expenses. The cost benefit attributable to the Oxnard YRE schools for 1983-84 is $1,244,598. Other benefits to the district that are not calculated in the cost advantages of YRE are reductions in teacher illness absences, reduction in unexcused student absences, and reduction in school vandalism and burglary losses. A limited study of student reading achievement in Oxnard schools from 1979-81 shows that students in YRE schools have reading achievement scores higher than students enrolled in traditional year schools. School districts with declining enrollment and empty classrooms may find YRE programs advantageous. School districts with adequate classroom space for student enrollment would incur additional costs in changing to YRE. Little hard research exists to verify the advantages of YRE to learning acquisition and student behavior. If such improvements can be verified, these factors have significant financial implications. (MD)