School district · Bell County, KY

Middlesboro Independent School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Middlesboro Independent School District took in $19.1 million and spent $22.1 million.

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

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Where it comes from

State tax money72%School district taxes16%Federal tax money5.3%Fines and other3.0%Fees for services (school lunches, school tuition and transportation)2.8%

What stands out

5.3%

of Middlesboro Independent School District's money comes from federal tax money.Most school districts with fewer than 5,000 students get none.

School district taxes16%

Property tax
13%$2.5 million
Other taxes
3.1%$589 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$589 thousand

Amounts are by Census tax category.

Fees for services2.8%

Fees for services
2.8%$537 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$495 thousand
  • School lunches$41 thousand
  • School tuition and transportation$1 thousand

Amounts are by Census type of charge.

Federal tax money5.3%

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

From the federal government
5.3%$1.0 million

State tax money72%

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

From the state
72%$13.9 million

Fines and other3.0%

Interest, rents and other
3.0%$566 thousand

Where it goes

Schools and colleges98%Interest on debt2.2%Sent to other local governments0.2%

Spending by category100%

Schools and colleges
98%$21.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$21.6 million
Interest on debt
2.2%$493 thousand
Sent to other local governments
0.2%$38 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$38 thousand
Sources and moreWhere these numbers come from and what they cover

Middlesboro Independent 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 Middlesboro Independent 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.