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MN Regular Public School District 3 Schools

PEQUOT LAKES PUBLIC SCHOOLS

PEQUOT LAKES, MN 56472 • Crow Wing County • 3 Operating Schools
(218) 568-4996
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,807 students
Census F-33 • FY 2024
Total Revenue
$29,936,000
Total Expenditure
$26,402,000
Classroom Instruction
$15,193,000
Outstanding Debt
$30,725,000

Revenue Sources

State Government Funds: $20,195,000 (67.5%) Local Taxes & Fees: $8,513,000 (28.4%) Federal Aid: $1,228,000 (4.1%)
State Government Funds $20,195,000 67.5%
Local Taxes & Fees $8,513,000 28.4%
Federal Aid $1,228,000 4.1%
Total Revenue $29,936,000 100.0%

Expenditure Allocation

Classroom Instruction: $15,193,000 (57.5%) Support Services: $6,306,000 (23.9%) Capital Outlays: $1,016,000 (3.8%) Other / Operations: $3,887,000 (14.7%)
Classroom Instruction $15,193,000 57.5%
Support Services $6,306,000 23.9%
Capital Outlays $1,016,000 3.8%
Other / Operations $3,887,000 14.7%
Total Expenditure $26,402,000 100.0%

Financial Comparison & Trends Chart

$0$5,000$10,000$15,000$20,000FY 2020 Revenue/Student: $13,374$13,374FY 2020 Expenditure/Student: $12,702$12,702FY 20201,798 stdsFY 2021 Revenue/Student: $13,933$13,933FY 2021 Expenditure/Student: $13,680$13,680FY 20211,723 stdsFY 2022 Revenue/Student: $15,030$15,030FY 2022 Expenditure/Student: $14,211$14,211FY 20221,771 stdsFY 2023 Revenue/Student: $14,913$14,913FY 2023 Expenditure/Student: $14,047$14,047FY 20231,797 stdsFY 2024 Revenue/Student: $16,567$16,567FY 2024 Expenditure/Student: $14,611$14,611FY 20241,807 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $16,567

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,807 $29,936,000 $26,402,000 $15,193,000 $1,016,000 $30,725,000
FY 2023 1,797 $26,799,000 $25,243,000 $13,879,000 $1,144,000 $30,604,000
FY 2022 1,771 $26,618,000 $25,168,000 $13,383,000 $1,449,000 $66,054,000
FY 2021 1,723 $24,007,000 $23,570,000 $12,697,000 $851,000 $59,580,000
FY 2020 1,798 $24,047,000 $22,839,000 $12,432,000 $1,355,000 $36,195,000