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MN Regular Public School District 2 Schools

LITTLEFORK-BIG FALLS SCHOOL DIST.

LITTLEFORK, MN 56653 • Koochiching County • 2 Operating Schools
(218) 278-6614
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 369 students
Census F-33 • FY 2024
Total Revenue
$7,442,000
Total Expenditure
$7,112,000
Classroom Instruction
$3,618,000
Outstanding Debt
$5,065,000

Revenue Sources

State Government Funds: $5,427,000 (72.9%) Local Taxes & Fees: $1,452,000 (19.5%) Federal Aid: $563,000 (7.6%)
State Government Funds $5,427,000 72.9%
Local Taxes & Fees $1,452,000 19.5%
Federal Aid $563,000 7.6%
Total Revenue $7,442,000 100.0%

Expenditure Allocation

Classroom Instruction: $3,618,000 (50.9%) Support Services: $2,270,000 (31.9%) Capital Outlays: $137,000 (1.9%) Other / Operations: $1,087,000 (15.3%)
Classroom Instruction $3,618,000 50.9%
Support Services $2,270,000 31.9%
Capital Outlays $137,000 1.9%
Other / Operations $1,087,000 15.3%
Total Expenditure $7,112,000 100.0%

Financial Comparison & Trends Chart

$0$7,000$14,000$21,000$28,000FY 2020 Revenue/Student: $17,699$17,699FY 2020 Expenditure/Student: $18,519$18,519FY 2020322 stdsFY 2021 Revenue/Student: $19,090$19,090FY 2021 Expenditure/Student: $19,900$19,900FY 2021300 stdsFY 2022 Revenue/Student: $18,163$18,163FY 2022 Expenditure/Student: $18,624$18,624FY 2022338 stdsFY 2023 Revenue/Student: $18,857$18,857FY 2023 Expenditure/Student: $23,762$23,762FY 2023328 stdsFY 2024 Revenue/Student: $20,168$20,168FY 2024 Expenditure/Student: $19,274$19,274FY 2024369 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $23,762

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 369 $7,442,000 $7,112,000 $3,618,000 $137,000 $5,065,000
FY 2023 328 $6,185,000 $7,794,000 $3,382,000 $1,346,000 $5,370,000
FY 2022 338 $6,139,000 $6,295,000 $3,223,000 $79,000 $5,670,000
FY 2021 300 $5,727,000 $5,970,000 $3,095,000 $51,000 $5,965,000
FY 2020 322 $5,699,000 $5,963,000 $2,924,000 $322,000 $6,255,000