IL
Regular Public School District
3 Schools
Milford Area PSD 124
Milford, IL 60953
•
Iroquois County
•
3 Operating Schools
(815) 889-5176
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 492 students
Total Revenue
$13,800,000
Total Expenditure
$14,285,000
Classroom Instruction
$6,244,000
Outstanding Debt
$14,825,000
Revenue Sources
| State Government Funds | $5,505,000 | 39.9% | |
| Local Taxes & Fees | $6,990,000 | 50.7% | |
| Federal Aid | $1,305,000 | 9.5% | |
| Total Revenue | $13,800,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $6,244,000 | 43.7% | |
| Support Services | $3,954,000 | 27.7% | |
| Capital Outlays | $2,306,000 | 16.1% | |
| Other / Operations | $1,781,000 | 12.5% | |
| Total Expenditure | $14,285,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $29,035
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 492 | $13,800,000 | $14,285,000 | $6,244,000 | $2,306,000 | $14,825,000 |
| FY 2023 | 519 | $13,769,000 | $13,041,000 | $6,055,000 | $1,022,000 | $15,310,000 |
| FY 2022 | 526 | $12,654,000 | $11,257,000 | $5,174,000 | $536,000 | $16,245,000 |
| FY 2021 | 488 | $12,116,000 | $10,961,000 | $5,547,000 | $319,000 | $16,843,000 |
| FY 2020 | 538 | $11,693,000 | $11,581,000 | $5,050,000 | $964,000 | $17,241,000 |