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MI Regular Public School District 1 Schools

Verona Township S/D #1F

BAD AXE, MI 48413 • Huron County • 1 Operating Schools
(989) 269-7054

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 27 students
Census F-33 • FY 2024
Total Revenue
$395,000
Total Expenditure
$344,000
Classroom Instruction
$263,000
Outstanding Debt
$0

Revenue Sources

State Government Funds: $277,000 (70.1%) Local Taxes & Fees: $65,000 (16.5%) Federal Aid: $53,000 (13.4%)
State Government Funds $277,000 70.1%
Local Taxes & Fees $65,000 16.5%
Federal Aid $53,000 13.4%
Total Revenue $395,000 100.0%

Expenditure Allocation

Classroom Instruction: $263,000 (76.5%) Support Services: $47,000 (13.7%) Other / Operations: $34,000 (9.9%)
Classroom Instruction $263,000 76.5%
Support Services $47,000 13.7%
Capital Outlays $0 0%
Other / Operations $34,000 9.9%
Total Expenditure $344,000 100.0%

Financial Comparison & Trends Chart

$0$4,250$8,500$12,750$17,000FY 2020 Revenue/Student: $12,250$12,250FY 2020 Expenditure/Student: $11,800$11,800FY 202020 stdsFY 2021 Revenue/Student: $13,375$13,375FY 2021 Expenditure/Student: $10,667$10,667FY 202124 stdsFY 2022 Revenue/Student: $13,538$13,538FY 2022 Expenditure/Student: $11,231$11,231FY 202226 stdsFY 2023 Revenue/Student: $14,520$14,520FY 2023 Expenditure/Student: $12,400$12,400FY 202325 stdsFY 2024 Revenue/Student: $14,630$14,630FY 2024 Expenditure/Student: $12,741$12,741FY 202427 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $14,630

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 27 $395,000 $344,000 $263,000 $0 $0
FY 2023 25 $363,000 $310,000 $251,000 $0 $0
FY 2022 26 $352,000 $292,000 $240,000 $0 $0
FY 2021 24 $321,000 $256,000 $195,000 $0 $0
FY 2020 20 $245,000 $236,000 $187,000 $3,000 $0