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MN Specialized Public School District 1 Schools

Region 3 - Northeast Service Co-op

MOUNTAIN IRON, MN 55768 • St. Louis County • 1 Operating Schools
(218) 741-0750
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 0 students
Census F-33 • FY 2024
Total Revenue
$5,033,000
Total Expenditure
$12,440,000
Classroom Instruction
$232,000
Outstanding Debt
$9,153,000

Revenue Sources

State Government Funds: $548,000 (10.9%) Local Taxes & Fees: $3,092,000 (61.4%) Federal Aid: $1,393,000 (27.7%)
State Government Funds $548,000 10.9%
Local Taxes & Fees $3,092,000 61.4%
Federal Aid $1,393,000 27.7%
Total Revenue $5,033,000 100.0%

Expenditure Allocation

Classroom Instruction: $232,000 (1.9%) Support Services: $5,194,000 (41.8%) Capital Outlays: $6,546,000 (52.6%) Other / Operations: $468,000 (3.8%)
Classroom Instruction $232,000 1.9%
Support Services $5,194,000 41.8%
Capital Outlays $6,546,000 52.6%
Other / Operations $468,000 3.8%
Total Expenditure $12,440,000 100.0%

Financial Comparison & Trends Chart

$0$0$1$1$1N/AFY 2020Enrollment N/AN/AFY 2021Enrollment N/AN/AFY 2022Enrollment N/AN/AFY 2023Enrollment N/AN/AFY 2024Enrollment N/A
Revenue per Student Expenditure per Student
Peak Per-Pupil: $1

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 0 $5,033,000 $12,440,000 $232,000 $6,546,000 $9,153,000
FY 2023 0 $3,996,000 $8,124,000 $110,000 $2,804,000 $11,708,000
FY 2022 0 $3,139,000 $7,529,000 $289,000 $2,618,000 $12,884,000
FY 2021 0 $4,790,000 $8,812,000 $272,000 $4,258,000 $14,025,000
FY 2020 0 $3,253,000 $7,821,000 $132,000 $2,824,000 $15,245,000