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MN Regular Public School District 11 Schools

GRAND RAPIDS PUBLIC SCHOOL DISTRICT

GRAND RAPIDS, MN 55744 • Itasca County • 11 Operating Schools
(218) 327-5704
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 4,024 students
Census F-33 • FY 2024
Total Revenue
$81,765,000
Total Expenditure
$77,284,000
Classroom Instruction
$40,747,000
Outstanding Debt
$95,805,000

Revenue Sources

State Government Funds: $51,063,000 (62.5%) Local Taxes & Fees: $23,000,000 (28.1%) Federal Aid: $7,702,000 (9.4%)
State Government Funds $51,063,000 62.5%
Local Taxes & Fees $23,000,000 28.1%
Federal Aid $7,702,000 9.4%
Total Revenue $81,765,000 100.0%

Expenditure Allocation

Classroom Instruction: $40,747,000 (52.7%) Support Services: $16,828,000 (21.8%) Capital Outlays: $11,095,000 (14.4%) Other / Operations: $8,614,000 (11.1%)
Classroom Instruction $40,747,000 52.7%
Support Services $16,828,000 21.8%
Capital Outlays $11,095,000 14.4%
Other / Operations $8,614,000 11.1%
Total Expenditure $77,284,000 100.0%

Financial Comparison & Trends Chart

$0$8,750$17,500$26,250$35,000FY 2020 Revenue/Student: $17,416$17,416FY 2020 Expenditure/Student: $29,658$29,658FY 20204,123 stdsFY 2021 Revenue/Student: $18,973$18,973FY 2021 Expenditure/Student: $19,733$19,733FY 20213,964 stdsFY 2022 Revenue/Student: $17,123$17,123FY 2022 Expenditure/Student: $17,082$17,082FY 20224,057 stdsFY 2023 Revenue/Student: $18,248$18,248FY 2023 Expenditure/Student: $18,103$18,103FY 20234,023 stdsFY 2024 Revenue/Student: $20,319$20,319FY 2024 Expenditure/Student: $19,206$19,206FY 20244,024 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $29,658

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 4,024 $81,765,000 $77,284,000 $40,747,000 $11,095,000 $95,805,000
FY 2023 4,023 $73,411,000 $72,827,000 $38,758,000 $9,301,000 $110,979,000
FY 2022 4,057 $69,469,000 $69,300,000 $38,478,000 $5,737,000 $107,771,000
FY 2021 3,964 $75,210,000 $78,221,000 $36,643,000 $17,636,000 $94,665,000
FY 2020 4,123 $71,808,000 $122,279,000 $36,299,000 $63,635,000 $95,086,000