School district · Pennington County, MN

Goodridge Independent School District 561's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Goodridge Independent School District 561 took in $5.8 million and spent $6.7 million.

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

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Where it comes from

State tax money75%Fines and other12%School district taxes9.7%Fees for services (school tuition and transportation, school lunches)1.4%County and local tax money1.1%

What stands out

12%

of Goodridge Independent School District 561's money comes from interest, rents and other revenue.A typical school district with fewer than 5,000 students gets 3.2%.

School district taxes9.7%

Property tax
9.7%$565 thousand

Fees for services1.4%

Fees for services
1.4%$81 thousand
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$35 thousand
  • Other school charges$29 thousand
  • School lunches$17 thousand

Amounts are by Census type of charge.

State tax money75%

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

From the state
75%$4.4 million

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$65 thousand

Fines and other12%

Interest, rents and other
12%$721 thousand

Where it goes

Schools and colleges93%Interest on debt3.6%Sent to other local governments3.4%

What stands out

93%

of Goodridge Independent School District 561's spending goes to schools and colleges.A typical school district with fewer than 5,000 students spends 97%.

Spending by category100%

Schools and colleges
93%$6.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$6.2 million
Interest on debt
3.6%$239 thousand
Sent to other local governments
3.4%$231 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$209 thousand
  • Sent to the state government$22 thousand
Sources and moreWhere these numbers come from and what they cover

Goodridge Independent School District 561. 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 Goodridge Independent School District 561 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.