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MI Regular Public School District 2 Schools

Adams Township School District

PAINESDALE, MI 49955 • Houghton County • 2 Operating Schools
(906) 482-0599
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 458 students
Census F-33 • FY 2024
Total Revenue
$7,788,000
Total Expenditure
$7,235,000
Classroom Instruction
$4,215,000
Outstanding Debt
$7,471,000

Revenue Sources

State Government Funds: $5,470,000 (70.2%) Local Taxes & Fees: $1,818,000 (23.3%) Federal Aid: $500,000 (6.4%)
State Government Funds $5,470,000 70.2%
Local Taxes & Fees $1,818,000 23.3%
Federal Aid $500,000 6.4%
Total Revenue $7,788,000 100.0%

Expenditure Allocation

Classroom Instruction: $4,215,000 (58.3%) Support Services: $1,974,000 (27.3%) Capital Outlays: $149,000 (2.1%) Other / Operations: $897,000 (12.4%)
Classroom Instruction $4,215,000 58.3%
Support Services $1,974,000 27.3%
Capital Outlays $149,000 2.1%
Other / Operations $897,000 12.4%
Total Expenditure $7,235,000 100.0%

Financial Comparison & Trends Chart

$0$5,500$11,000$16,500$22,000FY 2020 Revenue/Student: $11,883$11,883FY 2020 Expenditure/Student: $19,058$19,058FY 2020486 stdsFY 2021 Revenue/Student: $13,470$13,470FY 2021 Expenditure/Student: $11,448$11,448FY 2021453 stdsFY 2022 Revenue/Student: $13,598$13,598FY 2022 Expenditure/Student: $12,790$12,790FY 2022458 stdsFY 2023 Revenue/Student: $15,356$15,356FY 2023 Expenditure/Student: $14,704$14,704FY 2023466 stdsFY 2024 Revenue/Student: $17,004$17,004FY 2024 Expenditure/Student: $15,797$15,797FY 2024458 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $19,058

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 458 $7,788,000 $7,235,000 $4,215,000 $149,000 $7,471,000
FY 2023 466 $7,156,000 $6,852,000 $4,259,000 $175,000 $7,714,000
FY 2022 458 $6,228,000 $5,858,000 $3,479,000 $139,000 $7,714,000
FY 2021 453 $6,102,000 $5,186,000 $3,067,000 $114,000 $8,184,000
FY 2020 486 $5,775,000 $9,262,000 $3,073,000 $4,079,000 $8,615,000