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MI Regular Public School District 1 Schools

Stephenson Area Public Schools

STEPHENSON, MI 49887 • Menominee County • 1 Operating Schools
(906) 753-2221
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 404 students
Census F-33 • FY 2024
Total Revenue
$6,957,000
Total Expenditure
$13,800,000
Classroom Instruction
$3,646,000
Outstanding Debt
$0

Revenue Sources

State Government Funds: $3,133,000 (45%) Local Taxes & Fees: $3,223,000 (46.3%) Federal Aid: $601,000 (8.6%)
State Government Funds $3,133,000 45%
Local Taxes & Fees $3,223,000 46.3%
Federal Aid $601,000 8.6%
Total Revenue $6,957,000 100.0%

Expenditure Allocation

Classroom Instruction: $3,646,000 (26.4%) Support Services: $2,430,000 (17.6%) Capital Outlays: $253,000 (1.8%) Other / Operations: $7,471,000 (54.1%)
Classroom Instruction $3,646,000 26.4%
Support Services $2,430,000 17.6%
Capital Outlays $253,000 1.8%
Other / Operations $7,471,000 54.1%
Total Expenditure $13,800,000 100.0%

Financial Comparison & Trends Chart

$0$10,000$20,000$30,000$40,000FY 2020 Revenue/Student: $12,250$12,250FY 2020 Expenditure/Student: $14,925$14,925FY 2020468 stdsFY 2021 Revenue/Student: $12,613$12,613FY 2021 Expenditure/Student: $19,309$19,309FY 2021460 stdsFY 2022 Revenue/Student: $14,571$14,571FY 2022 Expenditure/Student: $25,719$25,719FY 2022459 stdsFY 2023 Revenue/Student: $15,683$15,683FY 2023 Expenditure/Student: $32,186$32,186FY 2023442 stdsFY 2024 Revenue/Student: $17,220$17,220FY 2024 Expenditure/Student: $34,158$34,158FY 2024404 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $34,158

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 404 $6,957,000 $13,800,000 $3,646,000 $253,000 $0
FY 2023 442 $6,932,000 $14,226,000 $3,851,000 $625,000 $7,182,000
FY 2022 459 $6,688,000 $11,805,000 $3,711,000 $427,000 $0
FY 2021 460 $5,802,000 $8,882,000 $3,089,000 $223,000 $0
FY 2020 468 $5,733,000 $6,985,000 $3,134,000 $283,000 $1,464,000