KY
Regular Public School District
3 Schools
Somerset Independent
Somerset, KY 42501
•
Pulaski County
•
3 Operating Schools
(606) 679-4451
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 1,693 students
Total Revenue
$28,797,000
Total Expenditure
$24,440,000
Classroom Instruction
$14,055,000
Outstanding Debt
$12,265,000
Revenue Sources
| State Government Funds | $12,933,000 | 44.9% | |
| Local Taxes & Fees | $9,917,000 | 34.4% | |
| Federal Aid | $5,947,000 | 20.7% | |
| Total Revenue | $28,797,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $14,055,000 | 57.5% | |
| Support Services | $6,878,000 | 28.1% | |
| Capital Outlays | $1,379,000 | 5.6% | |
| Other / Operations | $2,128,000 | 8.7% | |
| Total Expenditure | $24,440,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $17,009
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 1,693 | $28,797,000 | $24,440,000 | $14,055,000 | $1,379,000 | $12,265,000 |
| FY 2023 | 1,615 | $26,915,000 | $24,135,000 | $13,838,000 | $1,465,000 | $13,626,000 |
| FY 2022 | 1,586 | $24,496,000 | $22,622,000 | $12,404,000 | $1,997,000 | $15,034,000 |
| FY 2021 | 1,583 | $22,501,000 | $21,230,000 | $11,584,000 | $1,674,000 | $15,962,000 |
| FY 2020 | 1,695 | $22,237,000 | $23,173,000 | $11,680,000 | $3,897,000 | $16,668,000 |