MI
Regular Public School District
3 Schools
Lake City Area School District
LAKE CITY, MI 49651
•
Missaukee County
•
3 Operating Schools
(231) 839-4333
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 1,163 students
Total Revenue
$20,226,000
Total Expenditure
$18,641,000
Classroom Instruction
$9,283,000
Outstanding Debt
$19,475,000
Revenue Sources
| State Government Funds | $11,912,000 | 58.9% | |
| Local Taxes & Fees | $5,762,000 | 28.5% | |
| Federal Aid | $2,552,000 | 12.6% | |
| Total Revenue | $20,226,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $9,283,000 | 49.8% | |
| Support Services | $6,358,000 | 34.1% | |
| Capital Outlays | $520,000 | 2.8% | |
| Other / Operations | $2,480,000 | 13.3% | |
| Total Expenditure | $18,641,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $17,391
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 1,163 | $20,226,000 | $18,641,000 | $9,283,000 | $520,000 | $19,475,000 |
| FY 2023 | 1,171 | $18,570,000 | $18,723,000 | $9,386,000 | $1,182,000 | $18,230,000 |
| FY 2022 | 1,147 | $17,870,000 | $15,869,000 | $8,284,000 | $638,000 | $20,514,000 |
| FY 2021 | 1,154 | $16,316,000 | $15,724,000 | $8,136,000 | $1,319,000 | $21,043,000 |
| FY 2020 | 1,216 | $14,937,000 | $15,025,000 | $7,644,000 | $1,371,000 | $21,677,000 |