Annual Statistical Report 2023/2024

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County: Hot Spring
Magnet Cove School Dist.
LEA: 3003000
Chart Data
  2023/2024 Actual 2024/2025 Budget
1 Area in Square Miles 49
2 ADA 626
3 ADA Pct Change over 5 Years
4 4 Qtr ADM 675
5 Prior Year 3 Qtr ADM 695
6 Assessment 87,706,337
7 M&O Mills 25.00
8 URT Mills 25.00
9 M&O Mills in Excess of URT 0.00
10 Dedicated M&O Mills 0.00
11 Debt Service Mills 22.78
12 Total Mills 47.78
13 Total Debt Bond/Non Bond 17,010,000
State and Local Revenue
14 Property Tax Receipts (Incl URT) 3,687,927 4,086,306
15 Other Local Receipts 917,395 675,424
16 Revenue From Interm Srcs 1,921 2,000
17.1 Foundation Funding (Excl URT) 3,005,212 2,894,979
17.2 98% of URT X Assessment less Net Revenues 28,312 0
18 Student Growth Funding 0 0
19 Declining Enrollment Funding 0 69,550
20 Consolidation Incentive/Assistance 0 0
21 Isolated Funding 0 0
22 Supplemental Millage Incent. Funds 0 0
23 Other Unrestricted State Funding 0 0
24 Total Unrestricted Revenue from State and Local Sources 7,640,767 7,728,259
Restricted Revenue from State Sources
25 Adult Education 0 0
Regular Education
26 Professional Development 26,076 25,404
27 Other Regular Education 511,789 495,694
Special Education
28 Gifted and Talented 750 0
29 Alt. Learning Environment (ALE) 4,558 1,830
30 English Language Learner 0 0
31 National School Lunch State Categorical Funds (NSL) 160,324 203,902
32 Other Special Education 96,662 92,671
33 Career Education 0 0
34 School Food Service 9,488 2,350
35 Educational Service Cooperatives 0 0
36 Early Childhood Programs 0 0
37 Magnet School Programs 0 0
38 Other Non-Instructional Program Aid 109,688 0
39 Total Restricted Revenue from State Sources 919,334 821,851
40 Total Restricted Revenue from Federal Sources 919,207 948,905
Other Sources of Funds
41 Financing Sources 0 0
42 Balances Consol/Annexed District 0 0
43 Indirect Cost Reimbursement 0 0
44 Gains & Losses - Sale Fixed Assets 0 0
45 Compensation - Loss of Fixed Assets 0 0
46 Other 0 0
47 Total Other Sources of Funds 0 0
48 Total Revenue and Other Sources of Funds from All Sources 9,479,307 9,499,015
  2023/2024 Actual 2024/2025 Budget
CURRENT EXPENDITURES
Instruction
49 Regular Instruction 3,549,889 3,127,962
50 Special Education 520,881 479,537
51 Career Education 247,467 255,741
52 Adult Education 0 0
53 Compensatory Education 204,127 341,518
54 Other 252,507 233,626
55 Total Instruction 4,774,872 4,438,385
District Level Support
56 General Administration 304,452 338,617
57 Central Services 442,764 424,452
58 Maintenance & Operations of Plant 1,452,609 1,385,390
59 Student Transportation 194,712 191,130
60 Othr District Level Support Service 55,469 26,210
61 Total District Support Services 2,450,005 2,365,799
School Level Support
62 Student Support Services 460,100 461,713
63 Instructional Staff Support Service 391,192 436,016
64 School Administration 412,120 420,354
65 Total School Support Services 1,263,412 1,318,083
Non-Instructional Services
66 Food Service Operations 497,715 452,484
67 Other Enterprise Operations 0 0
68 Community Operations 258 750
69 Other Non-Instructional Services 0 0
70 Total Non-Instructional Services 497,973 453,234
71 Facilities Acquisition & Const. 197,810 34,702
72 Debt Service 934,085 972,028
75 Other Non-Programmed Costs 0 0
76 Total Expenditures 10,118,156 9,582,231
77 Less: Capital Expenditures -233,200 -56,744
78 Less: Debt Service -934,085 -972,028
79 Total Current Expenditures 8,950,872 8,553,459
80 Exclusions from Current Expenditures -418,024 -201,071
81 Net Current Expenditures 8,532,848 8,352,388
82 Per Pupil Expenditures 13,625 0
83 Personnel - Non-Federal Licensed Classroom FTEs 54.49
83.5 Total Salary - Non-Federal Licensed Classroom FTEs 3,119,611
84 Avg Salary - Non-Federal Licensed Classroom FTEs 57,251
85 Personnel - Non-Federal Licensed FTEs 58.86
85.5 Total Salary - Non-Federal Licensed FTEs 3,537,796
86 Avg Salary - Non-Federal Licensed FTEs 60,105
87.1 Legal Balance (funds 1-2-4) 974,644 979,747
87.2 Categorical Fund Balance 0 7,248
87.3 Deposits With Paying Agents (QZAB) 0 0
87.4 Net Legal Bal (Excl Cat & QZAB) 974,644 972,499
88 Building Fund Balance (fund 3) 1,389,460 1,330,260
89 Capital Outlay Balance/Dedicated M&O (fund 5) 0 0