NM
Regular Public School District
18 Schools
HOBBS
HOBBS, NM 88240
•
Lea County
•
18 Operating Schools
(575) 433-0100
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 10,226 students
Total Revenue
$196,415,000
Total Expenditure
$173,728,000
Classroom Instruction
$85,455,000
Outstanding Debt
$56,477,000
Revenue Sources
| State Government Funds | $129,538,000 | 66% | |
| Local Taxes & Fees | $35,349,000 | 18% | |
| Federal Aid | $31,528,000 | 16.1% | |
| Total Revenue | $196,415,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $85,455,000 | 49.2% | |
| Support Services | $49,740,000 | 28.6% | |
| Capital Outlays | $26,732,000 | 15.4% | |
| Other / Operations | $11,801,000 | 6.8% | |
| Total Expenditure | $173,728,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $19,207
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 10,226 | $196,415,000 | $173,728,000 | $85,455,000 | $26,732,000 | $56,477,000 |
| FY 2023 | 9,990 | $158,348,000 | $171,072,000 | $81,768,000 | $36,532,000 | $59,400,000 |
| FY 2022 | 9,772 | $166,079,000 | $155,258,000 | $68,008,000 | $41,032,000 | $59,505,000 |
| FY 2021 | 9,776 | $138,735,000 | $132,741,000 | $66,874,000 | $24,672,000 | $50,947,000 |
| FY 2020 | 10,613 | $130,599,000 | $115,250,000 | $62,177,000 | $13,394,000 | $39,575,000 |