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IA Regular Public School District 2 Schools

New London Comm School District

New London, IA 52645 • Henry County • 2 Operating Schools
(319) 367-0512
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 600 students
Census F-33 • FY 2024
Total Revenue
$9,535,000
Total Expenditure
$10,738,000
Classroom Instruction
$4,727,000
Outstanding Debt
$6,769,000

Revenue Sources

State Government Funds: $5,286,000 (55.4%) Local Taxes & Fees: $3,778,000 (39.6%) Federal Aid: $471,000 (4.9%)
State Government Funds $5,286,000 55.4%
Local Taxes & Fees $3,778,000 39.6%
Federal Aid $471,000 4.9%
Total Revenue $9,535,000 100.0%

Expenditure Allocation

Classroom Instruction: $4,727,000 (44%) Support Services: $2,685,000 (25%) Capital Outlays: $2,209,000 (20.6%) Other / Operations: $1,117,000 (10.4%)
Classroom Instruction $4,727,000 44%
Support Services $2,685,000 25%
Capital Outlays $2,209,000 20.6%
Other / Operations $1,117,000 10.4%
Total Expenditure $10,738,000 100.0%

Financial Comparison & Trends Chart

$0$6,000$12,000$18,000$24,000FY 2020 Revenue/Student: $14,050$14,050FY 2020 Expenditure/Student: $11,815$11,815FY 2020556 stdsFY 2021 Revenue/Student: $14,444$14,444FY 2021 Expenditure/Student: $12,584$12,584FY 2021570 stdsFY 2022 Revenue/Student: $15,499$15,499FY 2022 Expenditure/Student: $14,051$14,051FY 2022587 stdsFY 2023 Revenue/Student: $16,196$16,196FY 2023 Expenditure/Student: $20,363$20,363FY 2023592 stdsFY 2024 Revenue/Student: $15,892$15,892FY 2024 Expenditure/Student: $17,897$17,897FY 2024600 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $20,363

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 600 $9,535,000 $10,738,000 $4,727,000 $2,209,000 $6,769,000
FY 2023 592 $9,588,000 $12,055,000 $4,569,000 $3,417,000 $6,675,000
FY 2022 587 $9,098,000 $8,248,000 $4,429,000 $875,000 $7,798,000
FY 2021 570 $8,233,000 $7,173,000 $4,245,000 $342,000 $3,038,000
FY 2020 556 $7,812,000 $6,569,000 $3,818,000 $310,000 $6,053,000