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MI Regular Public School District 5 Schools

Alma Public Schools

ALMA, MI 48801 • Gratiot County • 5 Operating Schools
(989) 463-3111
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,844 students
Census F-33 • FY 2024
Total Revenue
$35,363,000
Total Expenditure
$33,720,000
Classroom Instruction
$16,592,000
Outstanding Debt
$17,434,000

Revenue Sources

State Government Funds: $22,173,000 (62.7%) Local Taxes & Fees: $10,361,000 (29.3%) Federal Aid: $2,829,000 (8%)
State Government Funds $22,173,000 62.7%
Local Taxes & Fees $10,361,000 29.3%
Federal Aid $2,829,000 8%
Total Revenue $35,363,000 100.0%

Expenditure Allocation

Classroom Instruction: $16,592,000 (49.2%) Support Services: $9,855,000 (29.2%) Capital Outlays: $2,120,000 (6.3%) Other / Operations: $5,153,000 (15.3%)
Classroom Instruction $16,592,000 49.2%
Support Services $9,855,000 29.2%
Capital Outlays $2,120,000 6.3%
Other / Operations $5,153,000 15.3%
Total Expenditure $33,720,000 100.0%

Financial Comparison & Trends Chart

$0$5,750$11,500$17,250$23,000FY 2020 Revenue/Student: $13,344$13,344FY 2020 Expenditure/Student: $12,653$12,653FY 20202,027 stdsFY 2021 Revenue/Student: $14,020$14,020FY 2021 Expenditure/Student: $13,111$13,111FY 20211,954 stdsFY 2022 Revenue/Student: $16,166$16,166FY 2022 Expenditure/Student: $15,130$15,130FY 20221,894 stdsFY 2023 Revenue/Student: $18,710$18,710FY 2023 Expenditure/Student: $16,979$16,979FY 20231,873 stdsFY 2024 Revenue/Student: $19,177$19,177FY 2024 Expenditure/Student: $18,286$18,286FY 20241,844 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $19,177

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,844 $35,363,000 $33,720,000 $16,592,000 $2,120,000 $17,434,000
FY 2023 1,873 $35,043,000 $31,801,000 $16,889,000 $1,952,000 $22,519,000
FY 2022 1,894 $30,619,000 $28,657,000 $15,866,000 $1,236,000 $22,607,000
FY 2021 1,954 $27,395,000 $25,619,000 $14,332,000 $426,000 $26,215,000
FY 2020 2,027 $27,049,000 $25,648,000 $14,243,000 $1,185,000 $26,877,000