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MI Regular Public School District 3 Schools

Meridian Public Schools

SANFORD, MI 48657 • Midland County • 3 Operating Schools
(989) 687-3200
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,362 students
Census F-33 • FY 2024
Total Revenue
$24,901,000
Total Expenditure
$24,419,000
Classroom Instruction
$10,947,000
Outstanding Debt
$29,075,000

Revenue Sources

State Government Funds: $15,669,000 (62.9%) Local Taxes & Fees: $7,308,000 (29.3%) Federal Aid: $1,924,000 (7.7%)
State Government Funds $15,669,000 62.9%
Local Taxes & Fees $7,308,000 29.3%
Federal Aid $1,924,000 7.7%
Total Revenue $24,901,000 100.0%

Expenditure Allocation

Classroom Instruction: $10,947,000 (44.8%) Support Services: $8,162,000 (33.4%) Capital Outlays: $971,000 (4%) Other / Operations: $4,339,000 (17.8%)
Classroom Instruction $10,947,000 44.8%
Support Services $8,162,000 33.4%
Capital Outlays $971,000 4%
Other / Operations $4,339,000 17.8%
Total Expenditure $24,419,000 100.0%

Financial Comparison & Trends Chart

$0$6,500$13,000$19,500$26,000FY 2020 Revenue/Student: $14,204$14,204FY 2020 Expenditure/Student: $22,238$22,238FY 20201,343 stdsFY 2021 Revenue/Student: $15,591$15,591FY 2021 Expenditure/Student: $17,528$17,528FY 20211,314 stdsFY 2022 Revenue/Student: $16,600$16,600FY 2022 Expenditure/Student: $15,960$15,960FY 20221,334 stdsFY 2023 Revenue/Student: $18,473$18,473FY 2023 Expenditure/Student: $18,411$18,411FY 20231,347 stdsFY 2024 Revenue/Student: $18,283$18,283FY 2024 Expenditure/Student: $17,929$17,929FY 20241,362 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $22,238

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,362 $24,901,000 $24,419,000 $10,947,000 $971,000 $29,075,000
FY 2023 1,347 $24,883,000 $24,800,000 $10,701,000 $2,678,000 $33,190,000
FY 2022 1,334 $22,145,000 $21,291,000 $9,559,000 $937,000 $32,492,000
FY 2021 1,314 $20,486,000 $23,032,000 $8,463,000 $5,177,000 $31,703,000
FY 2020 1,343 $19,076,000 $29,865,000 $8,359,000 $12,375,000 $32,780,000