MI
Regular Public School District
2 Schools
Reading Community Schools
READING, MI 49274
•
Hillsdale County
•
2 Operating Schools
(517) 283-2166
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 701 students
Total Revenue
$12,406,000
Total Expenditure
$11,019,000
Classroom Instruction
$5,600,000
Outstanding Debt
$6,955,000
Revenue Sources
| State Government Funds | $8,129,000 | 65.5% | |
| Local Taxes & Fees | $2,588,000 | 20.9% | |
| Federal Aid | $1,689,000 | 13.6% | |
| Total Revenue | $12,406,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $5,600,000 | 50.8% | |
| Support Services | $3,380,000 | 30.7% | |
| Capital Outlays | $349,000 | 3.2% | |
| Other / Operations | $1,690,000 | 15.3% | |
| Total Expenditure | $11,019,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $21,073
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 701 | $12,406,000 | $11,019,000 | $5,600,000 | $349,000 | $6,955,000 |
| FY 2023 | 696 | $12,207,000 | $14,667,000 | $5,669,000 | $4,327,000 | $7,169,000 |
| FY 2022 | 678 | $10,862,000 | $11,122,000 | $5,069,000 | $1,757,000 | $7,482,000 |
| FY 2021 | 689 | $9,449,000 | $10,222,000 | $4,651,000 | $1,964,000 | $4,373,000 |
| FY 2020 | 706 | $8,691,000 | $9,681,000 | $4,750,000 | $1,729,000 | $4,723,000 |