MI
Regular Public School District
3 Schools
Olivet Community Schools
OLIVET, MI 49076
•
Eaton County
•
3 Operating Schools
(269) 749-9129
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 1,247 students
Total Revenue
$22,365,000
Total Expenditure
$19,856,000
Classroom Instruction
$11,684,000
Outstanding Debt
$20,338,000
Revenue Sources
| State Government Funds | $15,342,000 | 68.6% | |
| Local Taxes & Fees | $5,498,000 | 24.6% | |
| Federal Aid | $1,525,000 | 6.8% | |
| Total Revenue | $22,365,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $11,684,000 | 58.8% | |
| Support Services | $6,125,000 | 30.8% | |
| Capital Outlays | $274,000 | 1.4% | |
| Other / Operations | $1,773,000 | 8.9% | |
| Total Expenditure | $19,856,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $17,935
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 1,247 | $22,365,000 | $19,856,000 | $11,684,000 | $274,000 | $20,338,000 |
| FY 2023 | 1,265 | $20,891,000 | $19,486,000 | $11,039,000 | $890,000 | $22,472,000 |
| FY 2022 | 1,306 | $18,791,000 | $16,689,000 | $10,044,000 | $618,000 | $24,806,000 |
| FY 2021 | 1,298 | $17,837,000 | $15,234,000 | $9,568,000 | $258,000 | $26,396,000 |
| FY 2020 | 1,376 | $17,409,000 | $15,609,000 | $9,673,000 | $59,000 | $25,833,000 |