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MN Regular Public School District 3 Schools

Aitkin Public School District

AITKIN, MN 56431 • Aitkin County • 3 Operating Schools
(218) 927-2115
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 995 students
Census F-33 • FY 2024
Total Revenue
$18,282,000
Total Expenditure
$18,850,000
Classroom Instruction
$10,107,000
Outstanding Debt
$2,995,000

Revenue Sources

State Government Funds: $12,249,000 (67%) Local Taxes & Fees: $4,393,000 (24%) Federal Aid: $1,640,000 (9%)
State Government Funds $12,249,000 67%
Local Taxes & Fees $4,393,000 24%
Federal Aid $1,640,000 9%
Total Revenue $18,282,000 100.0%

Expenditure Allocation

Classroom Instruction: $10,107,000 (53.6%) Support Services: $4,889,000 (25.9%) Capital Outlays: $1,751,000 (9.3%) Other / Operations: $2,103,000 (11.2%)
Classroom Instruction $10,107,000 53.6%
Support Services $4,889,000 25.9%
Capital Outlays $1,751,000 9.3%
Other / Operations $2,103,000 11.2%
Total Expenditure $18,850,000 100.0%

Financial Comparison & Trends Chart

$0$5,500$11,000$16,500$22,000FY 2020 Revenue/Student: $13,151$13,151FY 2020 Expenditure/Student: $13,721$13,721FY 20201,172 stdsFY 2021 Revenue/Student: $14,581$14,581FY 2021 Expenditure/Student: $14,404$14,404FY 20211,121 stdsFY 2022 Revenue/Student: $16,378$16,378FY 2022 Expenditure/Student: $16,934$16,934FY 20221,054 stdsFY 2023 Revenue/Student: $16,079$16,079FY 2023 Expenditure/Student: $16,745$16,745FY 20231,028 stdsFY 2024 Revenue/Student: $18,374$18,374FY 2024 Expenditure/Student: $18,945$18,945FY 2024995 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $18,945

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 995 $18,282,000 $18,850,000 $10,107,000 $1,751,000 $2,995,000
FY 2023 1,028 $16,529,000 $17,214,000 $9,458,000 $1,036,000 $3,007,000
FY 2022 1,054 $17,262,000 $17,848,000 $9,183,000 $2,427,000 $2,285,000
FY 2021 1,121 $16,345,000 $16,147,000 $9,073,000 $929,000 $2,780,000
FY 2020 1,172 $15,413,000 $16,081,000 $8,584,000 $1,321,000 $3,070,000