AR
Regular Public School District
2 Schools
MAGNET COVE SCHOOL DISTRICT
MALVERN, AR 72104
•
Hot Spring County
•
2 Operating Schools
(501) 332-5468
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 679 students
Total Revenue
$10,110,000
Total Expenditure
$10,337,000
Classroom Instruction
$5,088,000
Outstanding Debt
$17,010,000
Revenue Sources
| State Government Funds | $7,267,000 | 71.9% | |
| Local Taxes & Fees | $1,959,000 | 19.4% | |
| Federal Aid | $884,000 | 8.7% | |
| Total Revenue | $10,110,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $5,088,000 | 49.2% | |
| Support Services | $3,968,000 | 38.4% | |
| Capital Outlays | $233,000 | 2.3% | |
| Other / Operations | $1,048,000 | 10.1% | |
| Total Expenditure | $10,337,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $24,318
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 679 | $10,110,000 | $10,337,000 | $5,088,000 | $233,000 | $17,010,000 |
| FY 2023 | 725 | $10,688,000 | $13,629,000 | $4,630,000 | $3,929,000 | $19,458,000 |
| FY 2022 | 714 | $11,908,000 | $17,363,000 | $4,464,000 | $8,250,000 | $18,956,000 |
| FY 2021 | 750 | $10,079,000 | $12,745,000 | $4,285,000 | $4,295,000 | $18,516,000 |
| FY 2020 | 753 | $8,331,000 | $7,980,000 | $3,833,000 | $405,000 | $18,375,000 |