School district · Nicholas County, KY

Nicholas County School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Nicholas County School District took in $14.5 million and spent $17.0 million.

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

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Where it comes from

State tax money77%School district taxes15%Fines and other4.7%Fees for services (school lunches)3.4%Federal tax money0.1%

What stands out

12%

of Nicholas County School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes15%

Property tax
12%$1.8 million
Other taxes
2.7%$387 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$387 thousand

Amounts are by Census tax category.

Fees for services3.4%

Fees for services
3.4%$497 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$457 thousand
  • School lunches$40 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$19 thousand

State tax money77%

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

From the state
77%$11.1 million

Fines and other4.7%

Interest, rents and other
4.7%$685 thousand

Where it goes

Schools and colleges93%Interest on debt7.5%

What stands out

7.5%

of Nicholas County School District's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges
93%$15.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$15.8 million
Interest on debt
7.5%$1.3 million
Sent to other local governments
<0.1%$8 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$8 thousand
Sources and moreWhere these numbers come from and what they cover

Nicholas 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 Nicholas 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.