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AR Regular Public School District 2 Schools

NORFORK SCHOOL DISTRICT

NORFORK, AR 72658 • Baxter County • 2 Operating Schools
(870) 499-5228
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 454 students
Census F-33 • FY 2024
Total Revenue
$7,412,000
Total Expenditure
$7,456,000
Classroom Instruction
$3,573,000
Outstanding Debt
$1,324,000

Revenue Sources

State Government Funds: $5,109,000 (68.9%) Local Taxes & Fees: $1,132,000 (15.3%) Federal Aid: $1,171,000 (15.8%)
State Government Funds $5,109,000 68.9%
Local Taxes & Fees $1,132,000 15.3%
Federal Aid $1,171,000 15.8%
Total Revenue $7,412,000 100.0%

Expenditure Allocation

Classroom Instruction: $3,573,000 (47.9%) Support Services: $2,802,000 (37.6%) Capital Outlays: $559,000 (7.5%) Other / Operations: $522,000 (7%)
Classroom Instruction $3,573,000 47.9%
Support Services $2,802,000 37.6%
Capital Outlays $559,000 7.5%
Other / Operations $522,000 7%
Total Expenditure $7,456,000 100.0%

Financial Comparison & Trends Chart

$0$4,750$9,500$14,250$19,000FY 2020 Revenue/Student: $12,678$12,678FY 2020 Expenditure/Student: $10,957$10,957FY 2020423 stdsFY 2021 Revenue/Student: $12,137$12,137FY 2021 Expenditure/Student: $10,905$10,905FY 2021473 stdsFY 2022 Revenue/Student: $13,547$13,547FY 2022 Expenditure/Student: $12,614$12,614FY 2022466 stdsFY 2023 Revenue/Student: $15,717$15,717FY 2023 Expenditure/Student: $15,747$15,747FY 2023470 stdsFY 2024 Revenue/Student: $16,326$16,326FY 2024 Expenditure/Student: $16,423$16,423FY 2024454 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $16,423

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 454 $7,412,000 $7,456,000 $3,573,000 $559,000 $1,324,000
FY 2023 470 $7,387,000 $7,401,000 $3,445,000 $515,000 $1,972,000
FY 2022 466 $6,313,000 $5,878,000 $3,032,000 $178,000 $1,953,000
FY 2021 473 $5,741,000 $5,158,000 $2,730,000 $128,000 $1,953,000
FY 2020 423 $5,363,000 $4,635,000 $2,556,000 $134,000 $1,808,000