MI
Regular Public School District
2 Schools
Frankfort-Elberta Area Schools
FRANKFORT, MI 49635
•
Benzie County
•
2 Operating Schools
(231) 352-4641
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 485 students
Total Revenue
$12,494,000
Total Expenditure
$15,691,000
Classroom Instruction
$6,345,000
Outstanding Debt
$12,120,000
Revenue Sources
| State Government Funds | $2,190,000 | 17.5% | |
| Local Taxes & Fees | $9,316,000 | 74.6% | |
| Federal Aid | $988,000 | 7.9% | |
| Total Revenue | $12,494,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $6,345,000 | 40.4% | |
| Support Services | $3,869,000 | 24.7% | |
| Capital Outlays | $4,609,000 | 29.4% | |
| Other / Operations | $868,000 | 5.5% | |
| Total Expenditure | $15,691,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $32,353
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 485 | $12,494,000 | $15,691,000 | $6,345,000 | $4,609,000 | $12,120,000 |
| FY 2023 | 477 | $11,915,000 | $13,107,000 | $6,286,000 | $2,395,000 | $6,815,000 |
| FY 2022 | 485 | $10,299,000 | $9,541,000 | $5,486,000 | $660,000 | $6,815,000 |
| FY 2021 | 461 | $9,320,000 | $7,990,000 | $4,930,000 | $114,000 | $1,185,000 |
| FY 2020 | 472 | $9,009,000 | $8,266,000 | $4,682,000 | $937,000 | $1,012,000 |