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MN Regular Public School District 2 Schools

SPRINGFIELD PUBLIC SCHOOL DISTRICT

SPRINGFIELD, MN 56087 • Brown County • 2 Operating Schools
(507) 723-4283
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 599 students
Census F-33 • FY 2024
Total Revenue
$12,357,000
Total Expenditure
$15,234,000
Classroom Instruction
$4,926,000
Outstanding Debt
$18,275,000

Revenue Sources

State Government Funds: $8,120,000 (65.7%) Local Taxes & Fees: $3,294,000 (26.7%) Federal Aid: $943,000 (7.6%)
State Government Funds $8,120,000 65.7%
Local Taxes & Fees $3,294,000 26.7%
Federal Aid $943,000 7.6%
Total Revenue $12,357,000 100.0%

Expenditure Allocation

Classroom Instruction: $4,926,000 (32.3%) Support Services: $2,925,000 (19.2%) Capital Outlays: $5,506,000 (36.1%) Other / Operations: $1,877,000 (12.3%)
Classroom Instruction $4,926,000 32.3%
Support Services $2,925,000 19.2%
Capital Outlays $5,506,000 36.1%
Other / Operations $1,877,000 12.3%
Total Expenditure $15,234,000 100.0%

Financial Comparison & Trends Chart

$0$11,250$22,500$33,750$45,000FY 2020 Revenue/Student: $13,303$13,303FY 2020 Expenditure/Student: $13,343$13,343FY 2020575 stdsFY 2021 Revenue/Student: $14,121$14,121FY 2021 Expenditure/Student: $15,046$15,046FY 2021569 stdsFY 2022 Revenue/Student: $14,922$14,922FY 2022 Expenditure/Student: $24,472$24,472FY 2022574 stdsFY 2023 Revenue/Student: $21,174$21,174FY 2023 Expenditure/Student: $38,469$38,469FY 2023591 stdsFY 2024 Revenue/Student: $20,629$20,629FY 2024 Expenditure/Student: $25,432$25,432FY 2024599 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $38,469

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 599 $12,357,000 $15,234,000 $4,926,000 $5,506,000 $18,275,000
FY 2023 591 $12,514,000 $22,735,000 $4,608,000 $13,887,000 $20,499,000
FY 2022 574 $8,565,000 $14,047,000 $4,462,000 $5,551,000 $21,229,000
FY 2021 569 $8,035,000 $8,561,000 $4,231,000 $960,000 $18,422,000
FY 2020 575 $7,649,000 $7,672,000 $4,208,000 $381,000 $0