School district · Lake County, IN

Lake Station Community Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Lake Station Community Schools took in $17.0 million and spent $17.2 million.

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

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Where it comes from

State tax money72%School district taxes23%County and local tax money2.6%Fines and other1.1%Fees for services (school lunches)0.7%

What stands out

72%

of Lake Station Community Schools' money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes23%

Property tax
23%$4.0 million

Fees for services0.7%

Fees for services
0.7%$127 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$76 thousand
  • School lunches$51 thousand

Amounts are by Census type of charge.

State tax money72%

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

From the state
72%$12.2 million

County and local tax money2.6%

Money passed on by the county or other local governments.

From the county and other local governments
2.6%$435 thousand

Fines and other1.1%

Interest, rents and other
1.1%$193 thousand

Where it goes

Schools and colleges92%Sent to other local governments6.9%Interest on debt1.0%

What stands out

6.9%

of Lake Station Community Schools' spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
92%$15.9 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$15.9 million
Sent to other local governments
6.9%$1.2 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$1.2 million
Interest on debt
1.0%$165 thousand
Sources and moreWhere these numbers come from and what they cover

Lake Station Community Schools. 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 Lake Station Community Schools 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.