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MN Regular Public School District 2 Schools

MESABI EAST SCHOOL DISTRICT

AURORA, MN 55705 • St. Louis County • 2 Operating Schools
(218) 229-3321
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 871 students
Census F-33 • FY 2024
Total Revenue
$18,185,000
Total Expenditure
$15,928,000
Classroom Instruction
$9,289,000
Outstanding Debt
$19,569,000

Revenue Sources

State Government Funds: $11,554,000 (63.5%) Local Taxes & Fees: $5,817,000 (32%) Federal Aid: $814,000 (4.5%)
State Government Funds $11,554,000 63.5%
Local Taxes & Fees $5,817,000 32%
Federal Aid $814,000 4.5%
Total Revenue $18,185,000 100.0%

Expenditure Allocation

Classroom Instruction: $9,289,000 (58.3%) Support Services: $4,048,000 (25.4%) Capital Outlays: $579,000 (3.6%) Other / Operations: $2,012,000 (12.6%)
Classroom Instruction $9,289,000 58.3%
Support Services $4,048,000 25.4%
Capital Outlays $579,000 3.6%
Other / Operations $2,012,000 12.6%
Total Expenditure $15,928,000 100.0%

Financial Comparison & Trends Chart

$0$6,250$12,500$18,750$25,000FY 2020 Revenue/Student: $17,051$17,051FY 2020 Expenditure/Student: $20,167$20,167FY 2020972 stdsFY 2021 Revenue/Student: $18,791$18,791FY 2021 Expenditure/Student: $20,268$20,268FY 2021924 stdsFY 2022 Revenue/Student: $20,421$20,421FY 2022 Expenditure/Student: $18,835$18,835FY 2022904 stdsFY 2023 Revenue/Student: $19,593$19,593FY 2023 Expenditure/Student: $18,029$18,029FY 2023889 stdsFY 2024 Revenue/Student: $20,878$20,878FY 2024 Expenditure/Student: $18,287$18,287FY 2024871 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $20,878

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 871 $18,185,000 $15,928,000 $9,289,000 $579,000 $19,569,000
FY 2023 889 $17,418,000 $16,028,000 $9,163,000 $798,000 $20,363,000
FY 2022 904 $18,461,000 $17,027,000 $9,295,000 $1,788,000 $22,040,000
FY 2021 924 $17,363,000 $18,728,000 $9,200,000 $3,698,000 $24,033,000
FY 2020 972 $16,574,000 $19,602,000 $8,316,000 $6,324,000 $22,908,000