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MN Regular Public School District 2 Schools

HANCOCK PUBLIC SCHOOL DISTRICT

HANCOCK, MN 56244 • Stevens County • 2 Operating Schools
(320) 392-5621

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 434 students
Census F-33 • FY 2024
Total Revenue
$7,366,000
Total Expenditure
$7,153,000
Classroom Instruction
$3,706,000
Outstanding Debt
$10,285,000

Revenue Sources

State Government Funds: $5,851,000 (79.4%) Local Taxes & Fees: $1,241,000 (16.8%) Federal Aid: $274,000 (3.7%)
State Government Funds $5,851,000 79.4%
Local Taxes & Fees $1,241,000 16.8%
Federal Aid $274,000 3.7%
Total Revenue $7,366,000 100.0%

Expenditure Allocation

Classroom Instruction: $3,706,000 (51.8%) Support Services: $1,948,000 (27.2%) Capital Outlays: $484,000 (6.8%) Other / Operations: $1,015,000 (14.2%)
Classroom Instruction $3,706,000 51.8%
Support Services $1,948,000 27.2%
Capital Outlays $484,000 6.8%
Other / Operations $1,015,000 14.2%
Total Expenditure $7,153,000 100.0%

Financial Comparison & Trends Chart

$0$8,000$16,000$24,000$32,000FY 2020 Revenue/Student: $15,181$15,181FY 2020 Expenditure/Student: $27,290$27,290FY 2020386 stdsFY 2021 Revenue/Student: $15,182$15,182FY 2021 Expenditure/Student: $15,277$15,277FY 2021411 stdsFY 2022 Revenue/Student: $15,776$15,776FY 2022 Expenditure/Student: $14,172$14,172FY 2022424 stdsFY 2023 Revenue/Student: $15,049$15,049FY 2023 Expenditure/Student: $15,682$15,682FY 2023446 stdsFY 2024 Revenue/Student: $16,972$16,972FY 2024 Expenditure/Student: $16,482$16,482FY 2024434 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $27,290

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 434 $7,366,000 $7,153,000 $3,706,000 $484,000 $10,285,000
FY 2023 446 $6,712,000 $6,994,000 $3,555,000 $706,000 $11,130,000
FY 2022 424 $6,689,000 $6,009,000 $3,215,000 $140,000 $11,665,000
FY 2021 411 $6,240,000 $6,279,000 $2,989,000 $954,000 $12,194,000
FY 2020 386 $5,860,000 $10,534,000 $2,905,000 $5,492,000 $12,705,000