MI
Regular Public School District
5 Schools
Elk Rapids Schools
ELK RAPIDS, MI 49629
•
Antrim County
•
5 Operating Schools
(231) 264-8692
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 1,239 students
Total Revenue
$23,104,000
Total Expenditure
$40,720,000
Classroom Instruction
$10,093,000
Outstanding Debt
$43,795,000
Revenue Sources
| State Government Funds | $4,589,000 | 19.9% | |
| Local Taxes & Fees | $17,447,000 | 75.5% | |
| Federal Aid | $1,068,000 | 4.6% | |
| Total Revenue | $23,104,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $10,093,000 | 24.8% | |
| Support Services | $5,118,000 | 12.6% | |
| Capital Outlays | $22,380,000 | 55% | |
| Other / Operations | $3,129,000 | 7.7% | |
| Total Expenditure | $40,720,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $32,865
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 1,239 | $23,104,000 | $40,720,000 | $10,093,000 | $22,380,000 | $43,795,000 |
| FY 2023 | 1,231 | $20,536,000 | $31,822,000 | $10,997,000 | $14,026,000 | $47,932,000 |
| FY 2022 | 1,206 | $17,960,000 | $18,333,000 | $9,244,000 | $2,691,000 | $0 |
| FY 2021 | 1,248 | $14,908,000 | $14,247,000 | $8,135,000 | $725,000 | $0 |
| FY 2020 | 1,265 | $14,865,000 | $13,753,000 | $8,240,000 | $163,000 | $0 |