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MI Regular Public School District 5 Schools

Caro Community Schools

CARO, MI 48723 • Tuscola County • 5 Operating Schools
(989) 673-3160
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,398 students
Census F-33 • FY 2024
Total Revenue
$25,454,000
Total Expenditure
$24,089,000
Classroom Instruction
$12,921,000
Outstanding Debt
$11,118,000

Revenue Sources

State Government Funds: $17,608,000 (69.2%) Local Taxes & Fees: $5,226,000 (20.5%) Federal Aid: $2,620,000 (10.3%)
State Government Funds $17,608,000 69.2%
Local Taxes & Fees $5,226,000 20.5%
Federal Aid $2,620,000 10.3%
Total Revenue $25,454,000 100.0%

Expenditure Allocation

Classroom Instruction: $12,921,000 (53.6%) Support Services: $6,850,000 (28.4%) Capital Outlays: $1,051,000 (4.4%) Other / Operations: $3,267,000 (13.6%)
Classroom Instruction $12,921,000 53.6%
Support Services $6,850,000 28.4%
Capital Outlays $1,051,000 4.4%
Other / Operations $3,267,000 13.6%
Total Expenditure $24,089,000 100.0%

Financial Comparison & Trends Chart

$0$5,250$10,500$15,750$21,000FY 2020 Revenue/Student: $12,558$12,558FY 2020 Expenditure/Student: $11,639$11,639FY 20201,636 stdsFY 2021 Revenue/Student: $14,435$14,435FY 2021 Expenditure/Student: $12,543$12,543FY 20211,482 stdsFY 2022 Revenue/Student: $14,218$14,218FY 2022 Expenditure/Student: $13,325$13,325FY 20221,499 stdsFY 2023 Revenue/Student: $16,427$16,427FY 2023 Expenditure/Student: $15,342$15,342FY 20231,496 stdsFY 2024 Revenue/Student: $18,207$18,207FY 2024 Expenditure/Student: $17,231$17,231FY 20241,398 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $18,207

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,398 $25,454,000 $24,089,000 $12,921,000 $1,051,000 $11,118,000
FY 2023 1,496 $24,575,000 $22,952,000 $12,889,000 $1,051,000 $11,182,000
FY 2022 1,499 $21,313,000 $19,974,000 $11,520,000 $259,000 $13,776,000
FY 2021 1,482 $21,392,000 $18,588,000 $10,559,000 $314,000 $13,321,000
FY 2020 1,636 $20,545,000 $19,042,000 $10,547,000 $717,000 $10,678,000