School district · Sebastian County, AR

Fort Smith School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Fort Smith School District took in $220 million and spent $222 million.

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

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Where it comes from

State tax money73%Federal tax money12%School district taxes9.1%Fines and other4.2%Fees for services (school lunches, school tuition and transportation)1.5%County and local tax money0.4%

What stands out

12%

of Fort Smith School District's money comes from federal tax money.Most school districts with 5,000 to 25,000 students get none.

School district taxes9.1%

Property tax
9.0%$19.9 million
Other taxes
<0.1%$47 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$47 thousand

Amounts are by Census tax category.

Fees for services1.5%

Fees for services
1.5%$3.2 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$1.9 million
  • School lunches$1.1 million
  • School tuition and transportation$264 thousand

Amounts are by Census type of charge.

Federal tax money12%

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

From the federal government
12%$25.9 million

State tax money73%

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

From the state
73%$161 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$836 thousand

Fines and other4.2%

Interest, rents and other
4.2%$9.2 million

Where it goes

Schools and colleges98%Interest on debt2.1%Sent to other local governments0.3%

Spending by category100%

Schools and colleges
98%$217 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$217 million
Interest on debt
2.1%$4.6 million
Sent to other local governments
0.3%$635 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$406 thousand
  • Sent to the state government$229 thousand
Sources and moreWhere these numbers come from and what they cover

Fort Smith School District. 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 Fort Smith School District 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.