School district · Polk County, MN

Fosston School District 601's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Fosston School District 601 took in $12.4 million and spent $11.7 million.

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

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Where it comes from

State tax money80%School district taxes15%Fines and other3.2%Fees for services (school lunches, school tuition and transportation)0.7%Federal tax money0.5%County and local tax money0.2%

What stands out

80%

of Fosston School District 601's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes15%

Property tax
15%$1.8 million

Fees for services0.7%

Fees for services
0.7%$92 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$64 thousand
  • School lunches$26 thousand
  • School tuition and transportation$2 thousand

Amounts are by Census type of charge.

Federal tax money0.5%

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

From the federal government
0.5%$67 thousand

State tax money80%

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

From the state
80%$10.0 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$26 thousand

Fines and other3.2%

Interest, rents and other
3.2%$402 thousand

Where it goes

Schools and colleges93%Interest on debt4.9%Sent to other local governments2.5%

What stands out

4.9%

of Fosston School District 601'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%$10.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$10.8 million
Interest on debt
4.9%$566 thousand
Sent to other local governments
2.5%$287 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$268 thousand
  • Sent to the state government$19 thousand
Sources and moreWhere these numbers come from and what they cover

Fosston School District 601. 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 Fosston School District 601 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.