School district · Spencer County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Spencer County School District took in $37.0 million and spent $45.6 million.

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

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Where it comes from

State tax money54%School district taxes36%Fees for services (school lunches, school tuition and transportation)6.0%Fines and other3.4%Federal tax money0.7%

What stands out

6%

of Spencer County School District's money comes from fees for services such as water, sewer and parking.A typical school district with fewer than 5,000 students gets 1.8%.

School district taxes36%

Property tax
34%$12.6 million
Other taxes
2.1%$787 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$787 thousand

Amounts are by Census tax category.

Fees for services6.0%

Fees for services
6.0%$2.2 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$1.4 million
  • School lunches$700 thousand
  • School tuition and transportation$114 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$256 thousand

State tax money54%

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

From the state
54%$19.9 million

Fines and other3.4%

Interest, rents and other
3.4%$1.3 million

Where it goes

Schools and colleges97%Interest on debt2.6%

Spending by category100%

Schools and colleges
97%$44.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$44.4 million
Interest on debt
2.6%$1.2 million
Sources and moreWhere these numbers come from and what they cover

Spencer 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 Spencer 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.