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MI Regular Public School District 5 Schools

Iron Mountain Public Schools

IRON MOUNTAIN, MI 49801 • Dickinson County • 5 Operating Schools
(906) 779-2600
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 796 students
Census F-33 • FY 2024
Total Revenue
$18,030,000
Total Expenditure
$12,662,000
Classroom Instruction
$5,478,000
Outstanding Debt
$4,641,000

Revenue Sources

State Government Funds: $8,596,000 (47.7%) Local Taxes & Fees: $8,639,000 (47.9%) Federal Aid: $795,000 (4.4%)
State Government Funds $8,596,000 47.7%
Local Taxes & Fees $8,639,000 47.9%
Federal Aid $795,000 4.4%
Total Revenue $18,030,000 100.0%

Expenditure Allocation

Classroom Instruction: $5,478,000 (43.3%) Support Services: $4,795,000 (37.9%) Capital Outlays: $814,000 (6.4%) Other / Operations: $1,575,000 (12.4%)
Classroom Instruction $5,478,000 43.3%
Support Services $4,795,000 37.9%
Capital Outlays $814,000 6.4%
Other / Operations $1,575,000 12.4%
Total Expenditure $12,662,000 100.0%

Financial Comparison & Trends Chart

$0$6,750$13,500$20,250$27,000FY 2020 Revenue/Student: $12,731$12,731FY 2020 Expenditure/Student: $11,180$11,180FY 2020829 stdsFY 2021 Revenue/Student: $15,740$15,740FY 2021 Expenditure/Student: $12,284$12,284FY 2021778 stdsFY 2022 Revenue/Student: $15,772$15,772FY 2022 Expenditure/Student: $13,672$13,672FY 2022784 stdsFY 2023 Revenue/Student: $18,548$18,548FY 2023 Expenditure/Student: $15,549$15,549FY 2023756 stdsFY 2024 Revenue/Student: $22,651$22,651FY 2024 Expenditure/Student: $15,907$15,907FY 2024796 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $22,651

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 796 $18,030,000 $12,662,000 $5,478,000 $814,000 $4,641,000
FY 2023 756 $14,022,000 $11,755,000 $5,601,000 $432,000 $5,365,000
FY 2022 784 $12,365,000 $10,719,000 $5,107,000 $416,000 $6,785,000
FY 2021 778 $12,246,000 $9,557,000 $4,614,000 $97,000 $6,785,000
FY 2020 829 $10,554,000 $9,268,000 $4,899,000 $98,000 $7,524,000