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MI Regular Public School District 1 Schools

Colfax Township S/D #1F

BAD AXE, MI 48413 • Huron County • 1 Operating Schools
(989) 269-8853

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 14 students
Census F-33 • FY 2024
Total Revenue
$304,000
Total Expenditure
$285,000
Classroom Instruction
$220,000
Outstanding Debt
$0

Revenue Sources

State Government Funds: $53,000 (17.4%) Local Taxes & Fees: $198,000 (65.1%) Federal Aid: $53,000 (17.4%)
State Government Funds $53,000 17.4%
Local Taxes & Fees $198,000 65.1%
Federal Aid $53,000 17.4%
Total Revenue $304,000 100.0%

Expenditure Allocation

Classroom Instruction: $220,000 (77.2%) Support Services: $31,000 (10.9%) Other / Operations: $34,000 (11.9%)
Classroom Instruction $220,000 77.2%
Support Services $31,000 10.9%
Capital Outlays $0 0%
Other / Operations $34,000 11.9%
Total Expenditure $285,000 100.0%

Financial Comparison & Trends Chart

$0$7,250$14,500$21,750$29,000FY 2020 Revenue/Student: $11,455$11,455FY 2020 Expenditure/Student: $9,318$9,318FY 202022 stdsFY 2021 Revenue/Student: $14,050$14,050FY 2021 Expenditure/Student: $13,150$13,150FY 202120 stdsFY 2022 Revenue/Student: $17,067$17,067FY 2022 Expenditure/Student: $15,267$15,267FY 202215 stdsFY 2023 Revenue/Student: $22,000$22,000FY 2023 Expenditure/Student: $24,500$24,500FY 202312 stdsFY 2024 Revenue/Student: $21,714$21,714FY 2024 Expenditure/Student: $20,357$20,357FY 202414 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $24,500

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 14 $304,000 $285,000 $220,000 $0 $0
FY 2023 12 $264,000 $294,000 $238,000 $3,000 $0
FY 2022 15 $256,000 $229,000 $178,000 $6,000 $0
FY 2021 20 $281,000 $263,000 $185,000 $29,000 $0
FY 2020 22 $252,000 $205,000 $163,000 $1,000 $0