MI
Regular Public School District
10 Schools
Novi Community School District
NOVI, MI 48374
•
Oakland County
•
10 Operating Schools
(248) 449-1234
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 6,720 students
Total Revenue
$140,228,000
Total Expenditure
$162,748,000
Classroom Instruction
$64,120,000
Outstanding Debt
$204,232,000
Revenue Sources
| State Government Funds | $68,717,000 | 49% | |
| Local Taxes & Fees | $67,918,000 | 48.4% | |
| Federal Aid | $3,593,000 | 2.6% | |
| Total Revenue | $140,228,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $64,120,000 | 39.4% | |
| Support Services | $42,812,000 | 26.3% | |
| Capital Outlays | $39,971,000 | 24.6% | |
| Other / Operations | $15,845,000 | 9.7% | |
| Total Expenditure | $162,748,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $24,218
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 6,720 | $140,228,000 | $162,748,000 | $64,120,000 | $39,971,000 | $204,232,000 |
| FY 2023 | 6,655 | $125,479,000 | $151,504,000 | $63,666,000 | $40,337,000 | $0 |
| FY 2022 | 6,612 | $115,107,000 | $138,889,000 | $56,665,000 | $37,997,000 | $186,414,000 |
| FY 2021 | 6,580 | $105,845,000 | $108,934,000 | $51,972,000 | $16,465,000 | $133,678,000 |
| FY 2020 | 6,685 | $104,328,000 | $92,254,000 | $51,882,000 | $4,113,000 | $160,645,000 |