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MI Regular Public School District 1 Schools

Elm River Township School District

TOIVOLA, MI 49965 • Houghton County • 1 Operating Schools
(906) 288-3751
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 6 students
Census F-33 • FY 2024
Total Revenue
$442,000
Total Expenditure
$360,000
Classroom Instruction
$133,000
Outstanding Debt
$0

Revenue Sources

State Government Funds: $59,000 (13.3%) Local Taxes & Fees: $358,000 (81%) Federal Aid: $25,000 (5.7%)
State Government Funds $59,000 13.3%
Local Taxes & Fees $358,000 81%
Federal Aid $25,000 5.7%
Total Revenue $442,000 100.0%

Expenditure Allocation

Classroom Instruction: $133,000 (36.9%) Support Services: $198,000 (55%) Capital Outlays: $2,000 (0.6%) Other / Operations: $27,000 (7.5%)
Classroom Instruction $133,000 36.9%
Support Services $198,000 55%
Capital Outlays $2,000 0.6%
Other / Operations $27,000 7.5%
Total Expenditure $360,000 100.0%

Financial Comparison & Trends Chart

$0$24,500$49,000$73,500$98,000FY 2020 Revenue/Student: $57,500$57,500FY 2020 Expenditure/Student: $49,167$49,167FY 20206 stdsFY 2023 Revenue/Student: $84,800$84,800FY 2023 Expenditure/Student: $74,200$74,200FY 20235 stdsFY 2024 Revenue/Student: $73,667$73,667FY 2024 Expenditure/Student: $60,000$60,000FY 20246 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $84,800

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 6 $442,000 $360,000 $133,000 $2,000 $0
FY 2023 5 $424,000 $371,000 $126,000 $1,000 $0
FY 2020 6 $345,000 $295,000 $124,000 $1,000 $0