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MI Regular Public School District 8 Schools

Redford Union Schools District No. 1

REDFORD, MI 48240 • Wayne County • 8 Operating Schools
(313) 242-6000
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 2,015 students
Census F-33 • FY 2024
Total Revenue
$63,690,000
Total Expenditure
$88,804,000
Classroom Instruction
$29,100,000
Outstanding Debt
$58,258,000

Revenue Sources

State Government Funds: $33,280,000 (52.3%) Local Taxes & Fees: $19,223,000 (30.2%) Federal Aid: $11,187,000 (17.6%)
State Government Funds $33,280,000 52.3%
Local Taxes & Fees $19,223,000 30.2%
Federal Aid $11,187,000 17.6%
Total Revenue $63,690,000 100.0%

Expenditure Allocation

Classroom Instruction: $29,100,000 (32.8%) Support Services: $22,727,000 (25.6%) Capital Outlays: $32,519,000 (36.6%) Other / Operations: $4,458,000 (5%)
Classroom Instruction $29,100,000 32.8%
Support Services $22,727,000 25.6%
Capital Outlays $32,519,000 36.6%
Other / Operations $4,458,000 5%
Total Expenditure $88,804,000 100.0%

Financial Comparison & Trends Chart

$0$12,750$25,500$38,250$51,000FY 2020 Revenue/Student: $20,271$20,271FY 2020 Expenditure/Student: $19,657$19,657FY 20202,313 stdsFY 2021 Revenue/Student: $22,674$22,674FY 2021 Expenditure/Student: $19,774$19,774FY 20212,097 stdsFY 2022 Revenue/Student: $24,627$24,627FY 2022 Expenditure/Student: $23,224$23,224FY 20222,059 stdsFY 2023 Revenue/Student: $25,197$25,197FY 2023 Expenditure/Student: $31,496$31,496FY 20232,075 stdsFY 2024 Revenue/Student: $31,608$31,608FY 2024 Expenditure/Student: $44,071$44,071FY 20242,015 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $44,071

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 2,015 $63,690,000 $88,804,000 $29,100,000 $32,519,000 $58,258,000
FY 2023 2,075 $52,283,000 $65,355,000 $28,453,000 $14,063,000 $58,258,000
FY 2022 2,059 $50,707,000 $47,818,000 $25,543,000 $1,717,000 $30,475,000
FY 2021 2,097 $47,547,000 $41,466,000 $23,621,000 $1,146,000 $36,499,000
FY 2020 2,313 $46,887,000 $45,466,000 $26,005,000 $149,000 $6,404,000