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MI Regular Public School District 4 Schools

Lakewood Public Schools

WOODLAND, MI 48897 • Barry County • 4 Operating Schools
(616) 374-8043
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,622 students
Census F-33 • FY 2024
Total Revenue
$26,337,000
Total Expenditure
$23,681,000
Classroom Instruction
$12,939,000
Outstanding Debt
$22,166,000

Revenue Sources

State Government Funds: $18,963,000 (72%) Local Taxes & Fees: $6,040,000 (22.9%) Federal Aid: $1,334,000 (5.1%)
State Government Funds $18,963,000 72%
Local Taxes & Fees $6,040,000 22.9%
Federal Aid $1,334,000 5.1%
Total Revenue $26,337,000 100.0%

Expenditure Allocation

Classroom Instruction: $12,939,000 (54.6%) Support Services: $7,531,000 (31.8%) Capital Outlays: $435,000 (1.8%) Other / Operations: $2,776,000 (11.7%)
Classroom Instruction $12,939,000 54.6%
Support Services $7,531,000 31.8%
Capital Outlays $435,000 1.8%
Other / Operations $2,776,000 11.7%
Total Expenditure $23,681,000 100.0%

Financial Comparison & Trends Chart

$0$4,750$9,500$14,250$19,000FY 2020 Revenue/Student: $12,272$12,272FY 2020 Expenditure/Student: $12,261$12,261FY 20201,802 stdsFY 2021 Revenue/Student: $15,048$15,048FY 2021 Expenditure/Student: $12,726$12,726FY 20211,644 stdsFY 2022 Revenue/Student: $14,982$14,982FY 2022 Expenditure/Student: $13,225$13,225FY 20221,663 stdsFY 2023 Revenue/Student: $15,238$15,238FY 2023 Expenditure/Student: $14,290$14,290FY 20231,653 stdsFY 2024 Revenue/Student: $16,237$16,237FY 2024 Expenditure/Student: $14,600$14,600FY 20241,622 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $16,237

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,622 $26,337,000 $23,681,000 $12,939,000 $435,000 $22,166,000
FY 2023 1,653 $25,189,000 $23,622,000 $13,864,000 $569,000 $23,836,000
FY 2022 1,663 $24,915,000 $21,993,000 $12,067,000 $226,000 $25,315,000
FY 2021 1,644 $24,739,000 $20,922,000 $11,016,000 $803,000 $26,386,000
FY 2020 1,802 $22,115,000 $22,095,000 $10,752,000 $2,572,000 $27,106,000