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OH Regular Public School District 3 Schools

Independence Local

Independence, OH 44131 • Cuyahoga County • 3 Operating Schools
(216) 642-5850
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,058 students
Census F-33 • FY 2024
Total Revenue
$24,113,000
Total Expenditure
$24,090,000
Classroom Instruction
$14,347,000
Outstanding Debt
$6,075,000

Revenue Sources

State Government Funds: $2,775,000 (11.5%) Local Taxes & Fees: $20,906,000 (86.7%) Federal Aid: $432,000 (1.8%)
State Government Funds $2,775,000 11.5%
Local Taxes & Fees $20,906,000 86.7%
Federal Aid $432,000 1.8%
Total Revenue $24,113,000 100.0%

Expenditure Allocation

Classroom Instruction: $14,347,000 (59.6%) Support Services: $8,085,000 (33.6%) Capital Outlays: $818,000 (3.4%) Other / Operations: $840,000 (3.5%)
Classroom Instruction $14,347,000 59.6%
Support Services $8,085,000 33.6%
Capital Outlays $818,000 3.4%
Other / Operations $840,000 3.5%
Total Expenditure $24,090,000 100.0%

Financial Comparison & Trends Chart

$0$6,750$13,500$20,250$27,000FY 2020 Revenue/Student: $20,028$20,028FY 2020 Expenditure/Student: $19,115$19,115FY 20201,095 stdsFY 2021 Revenue/Student: $19,657$19,657FY 2021 Expenditure/Student: $19,411$19,411FY 20211,091 stdsFY 2022 Revenue/Student: $21,094$21,094FY 2022 Expenditure/Student: $21,211$21,211FY 20221,092 stdsFY 2023 Revenue/Student: $21,723$21,723FY 2023 Expenditure/Student: $21,361$21,361FY 20231,101 stdsFY 2024 Revenue/Student: $22,791$22,791FY 2024 Expenditure/Student: $22,769$22,769FY 20241,058 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $22,791

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,058 $24,113,000 $24,090,000 $14,347,000 $818,000 $6,075,000
FY 2023 1,101 $23,917,000 $23,519,000 $13,319,000 $1,227,000 $6,810,000
FY 2022 1,092 $23,035,000 $23,162,000 $12,448,000 $1,883,000 $7,430,000
FY 2021 1,091 $21,446,000 $21,177,000 $12,379,000 $787,000 $8,200,000
FY 2020 1,095 $21,931,000 $20,931,000 $11,590,000 $967,000 $10,255,000