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PA Regular Public School District 3 Schools

Freedom Area SD

Freedom, PA 15042 • Beaver County • 3 Operating Schools
(724) 775-5464
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,164 students
Census F-33 • FY 2024
Total Revenue
$30,464,000
Total Expenditure
$30,215,000
Classroom Instruction
$16,358,000
Outstanding Debt
$8,839,000

Revenue Sources

State Government Funds: $14,935,000 (49%) Local Taxes & Fees: $12,685,000 (41.6%) Federal Aid: $2,844,000 (9.3%)
State Government Funds $14,935,000 49%
Local Taxes & Fees $12,685,000 41.6%
Federal Aid $2,844,000 9.3%
Total Revenue $30,464,000 100.0%

Expenditure Allocation

Classroom Instruction: $16,358,000 (54.1%) Support Services: $7,961,000 (26.3%) Capital Outlays: $3,433,000 (11.4%) Other / Operations: $2,463,000 (8.2%)
Classroom Instruction $16,358,000 54.1%
Support Services $7,961,000 26.3%
Capital Outlays $3,433,000 11.4%
Other / Operations $2,463,000 8.2%
Total Expenditure $30,215,000 100.0%

Financial Comparison & Trends Chart

$0$7,750$15,500$23,250$31,000FY 2020 Revenue/Student: $18,944$18,944FY 2020 Expenditure/Student: $17,865$17,865FY 20201,278 stdsFY 2021 Revenue/Student: $20,332$20,332FY 2021 Expenditure/Student: $19,045$19,045FY 20211,249 stdsFY 2022 Revenue/Student: $21,073$21,073FY 2022 Expenditure/Student: $19,762$19,762FY 20221,233 stdsFY 2023 Revenue/Student: $24,002$24,002FY 2023 Expenditure/Student: $22,988$22,988FY 20231,217 stdsFY 2024 Revenue/Student: $26,172$26,172FY 2024 Expenditure/Student: $25,958$25,958FY 20241,164 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $26,172

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,164 $30,464,000 $30,215,000 $16,358,000 $3,433,000 $8,839,000
FY 2023 1,217 $29,211,000 $27,976,000 $16,140,000 $2,374,000 $9,315,000
FY 2022 1,233 $25,983,000 $24,366,000 $14,604,000 $247,000 $9,781,000
FY 2021 1,249 $25,395,000 $23,787,000 $14,669,000 $544,000 $10,135,000
FY 2020 1,278 $24,211,000 $22,831,000 $13,607,000 $464,000 $10,560,000