School district · Magoffin County, KY
Magoffin County School District's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Magoffin County School District took in $32.4 million and spent $34.4 million.
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Where it comes from
What stands out
of Magoffin County School District's money comes from interest, rents and other revenue.A typical school district with fewer than 5,000 students gets 3.2%.
School district taxes9.4%
What's in other taxesPublic utility taxes
- Public utility taxes$625 thousand
Amounts are by Census tax category.
Fees for services2.1%
What's in fees for servicesOther school charges and school lunches
- Other school charges$627 thousand
- School lunches$47 thousand
Amounts are by Census type of charge.
Federal tax money0.6%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money72%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other16%
Where it goes
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$33.5 million
Sources and moreWhere these numbers come from and what they cover
Magoffin County 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 Magoffin County 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.