MN
Regular Public School District
2 Schools
FAIRMONT AREA SCHOOL DISTRICT
FAIRMONT, MN 56031
•
Martin County
•
2 Operating Schools
(507) 238-4234
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 1,818 students
Total Revenue
$32,958,000
Total Expenditure
$31,173,000
Classroom Instruction
$15,899,000
Outstanding Debt
$31,477,000
Revenue Sources
| State Government Funds | $22,931,000 | 69.6% | |
| Local Taxes & Fees | $7,464,000 | 22.6% | |
| Federal Aid | $2,563,000 | 7.8% | |
| Total Revenue | $32,958,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $15,899,000 | 51% | |
| Support Services | $8,963,000 | 28.8% | |
| Capital Outlays | $1,688,000 | 5.4% | |
| Other / Operations | $4,623,000 | 14.8% | |
| Total Expenditure | $31,173,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $19,786
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 1,818 | $32,958,000 | $31,173,000 | $15,899,000 | $1,688,000 | $31,477,000 |
| FY 2023 | 1,815 | $30,724,000 | $32,683,000 | $15,355,000 | $3,741,000 | $33,747,000 |
| FY 2022 | 1,788 | $29,447,000 | $35,377,000 | $15,968,000 | $6,873,000 | $35,518,000 |
| FY 2021 | 1,751 | $27,632,000 | $28,610,000 | $15,020,000 | $2,358,000 | $37,240,000 |
| FY 2020 | 1,786 | $26,645,000 | $26,254,000 | $13,933,000 | $1,304,000 | $31,999,000 |