School district · Baxter County, AR

Norfork School District 61's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Norfork School District 61 took in $6.9 million and spent $7.1 million.

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

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Where it comes from

State tax money83%School district taxes12%Fines and other2.3%Fees for services (school lunches)1.9%Federal tax money1.0%

What stands out

83%

of Norfork School District 61's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes12%

Property tax
12%$844 thousand

Fees for services1.9%

Fees for services
1.9%$129 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$107 thousand
  • School lunches$22 thousand

Amounts are by Census type of charge.

Federal tax money1.0%

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

From the federal government
1.0%$67 thousand

State tax money83%

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

From the state
83%$5.7 million

Fines and other2.3%

Interest, rents and other
2.3%$159 thousand

Where it goes

Schools and colleges98%Sent to other local governments1.6%Interest on debt0.5%

Spending by category100%

Schools and colleges
98%$7.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$7.0 million
Sent to other local governments
1.6%$115 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$62 thousand
  • Sent to the state government$53 thousand
Interest on debt
0.5%$33 thousand
Sources and moreWhere these numbers come from and what they cover

Norfork School District 61. 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 Norfork School District 61 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.