MN
Regular Public School District
5 Schools
Hermantown Community Schools
HERMANTOWN, MN 55811
•
St. Louis County
•
5 Operating Schools
(218) 729-9313
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 2,100 students
Total Revenue
$35,521,000
Total Expenditure
$36,115,000
Classroom Instruction
$18,450,000
Outstanding Debt
$75,868,000
Revenue Sources
| State Government Funds | $22,844,000 | 64.3% | |
| Local Taxes & Fees | $11,151,000 | 31.4% | |
| Federal Aid | $1,526,000 | 4.3% | |
| Total Revenue | $35,521,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $18,450,000 | 51.1% | |
| Support Services | $6,855,000 | 19% | |
| Capital Outlays | $1,993,000 | 5.5% | |
| Other / Operations | $8,817,000 | 24.4% | |
| Total Expenditure | $36,115,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $17,198
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 2,100 | $35,521,000 | $36,115,000 | $18,450,000 | $1,993,000 | $75,868,000 |
| FY 2023 | 2,138 | $32,554,000 | $30,303,000 | $16,659,000 | $1,215,000 | $78,766,000 |
| FY 2022 | 2,098 | $30,020,000 | $28,497,000 | $15,613,000 | $1,297,000 | $80,633,000 |
| FY 2021 | 2,120 | $29,624,000 | $27,430,000 | $14,668,000 | $1,809,000 | $82,395,000 |
| FY 2020 | 2,147 | $28,992,000 | $29,121,000 | $14,345,000 | $5,261,000 | $45,260,000 |