MN
Regular Public School District
5 Schools
NEW LONDON-SPICER SCHOOL DISTRICT
NEW LONDON, MN 56273
•
Kandiyohi County
•
5 Operating Schools
(320) 354-1401
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 1,549 students
Total Revenue
$29,891,000
Total Expenditure
$31,798,000
Classroom Instruction
$15,084,000
Outstanding Debt
$31,892,000
Revenue Sources
| State Government Funds | $19,698,000 | 65.9% | |
| Local Taxes & Fees | $9,137,000 | 30.6% | |
| Federal Aid | $1,056,000 | 3.5% | |
| Total Revenue | $29,891,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $15,084,000 | 47.4% | |
| Support Services | $8,133,000 | 25.6% | |
| Capital Outlays | $4,803,000 | 15.1% | |
| Other / Operations | $3,778,000 | 11.9% | |
| Total Expenditure | $31,798,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $20,528
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 1,549 | $29,891,000 | $31,798,000 | $15,084,000 | $4,803,000 | $31,892,000 |
| FY 2023 | 1,548 | $26,953,000 | $25,950,000 | $14,043,000 | $1,298,000 | $18,239,000 |
| FY 2022 | 1,550 | $24,476,000 | $22,748,000 | $12,168,000 | $825,000 | $19,660,000 |
| FY 2021 | 1,515 | $23,628,000 | $22,313,000 | $12,363,000 | $716,000 | $20,804,000 |
| FY 2020 | 1,573 | $22,429,000 | $22,856,000 | $12,333,000 | $1,884,000 | $21,977,000 |