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MI Regular Public School District 2 Schools

North Adams-Jerome Public Schools

NORTH ADAMS, MI 49262 • Hillsdale County • 2 Operating Schools
(517) 689-1701
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 348 students
Census F-33 • FY 2024
Total Revenue
$5,251,000
Total Expenditure
$4,631,000
Classroom Instruction
$2,736,000
Outstanding Debt
$25,000

Revenue Sources

State Government Funds: $3,534,000 (67.3%) Local Taxes & Fees: $1,205,000 (22.9%) Federal Aid: $512,000 (9.8%)
State Government Funds $3,534,000 67.3%
Local Taxes & Fees $1,205,000 22.9%
Federal Aid $512,000 9.8%
Total Revenue $5,251,000 100.0%

Expenditure Allocation

Classroom Instruction: $2,736,000 (59.1%) Support Services: $1,493,000 (32.2%) Capital Outlays: $95,000 (2.1%) Other / Operations: $307,000 (6.6%)
Classroom Instruction $2,736,000 59.1%
Support Services $1,493,000 32.2%
Capital Outlays $95,000 2.1%
Other / Operations $307,000 6.6%
Total Expenditure $4,631,000 100.0%

Financial Comparison & Trends Chart

$0$4,500$9,000$13,500$18,000FY 2020 Revenue/Student: $12,014$12,014FY 2020 Expenditure/Student: $11,357$11,357FY 2020294 stdsFY 2021 Revenue/Student: $12,577$12,577FY 2021 Expenditure/Student: $11,310$11,310FY 2021352 stdsFY 2022 Revenue/Student: $14,409$14,409FY 2022 Expenditure/Student: $14,074$14,074FY 2022391 stdsFY 2023 Revenue/Student: $14,625$14,625FY 2023 Expenditure/Student: $14,723$14,723FY 2023376 stdsFY 2024 Revenue/Student: $15,089$15,089FY 2024 Expenditure/Student: $13,307$13,307FY 2024348 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $15,089

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 348 $5,251,000 $4,631,000 $2,736,000 $95,000 $25,000
FY 2023 376 $5,499,000 $5,536,000 $3,031,000 $376,000 $0
FY 2022 391 $5,634,000 $5,503,000 $2,739,000 $399,000 $139,000
FY 2021 352 $4,427,000 $3,981,000 $2,237,000 $108,000 $0
FY 2020 294 $3,532,000 $3,339,000 $1,809,000 $36,000 $125,000