School district · St Francis County, AR

Forrest City School District 7's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Forrest City School District 7 took in $30.6 million and spent $30.2 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money89%School district taxes7.1%Federal tax money1.9%Fines and other1.3%Fees for services (school lunches)0.5%County and local tax money<0.1%

What stands out

89%

of Forrest City School District 7's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes7.1%

Property tax
7.1%$2.2 million
Other taxes
<0.1%$2 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$2 thousand

Amounts are by Census tax category.

Fees for services0.5%

Fees for services
0.5%$139 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$84 thousand
  • School lunches$55 thousand

Amounts are by Census type of charge.

Federal tax money1.9%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
1.9%$575 thousand

State tax money89%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
89%$27.2 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$18 thousand

Fines and other1.3%

Interest, rents and other
1.3%$401 thousand

Where it goes

Schools and colleges95%Sent to other local governments4.2%Interest on debt1.0%

Spending by category100%

Schools and colleges
95%$28.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$28.6 million
Sent to other local governments
4.2%$1.3 million
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$858 thousand
  • Sent to school districts$402 thousand
Interest on debt
1.0%$295 thousand
Sources and moreWhere these numbers come from and what they cover

Forrest City School District 7. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Forrest City School District 7 itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.