School district · St Louis County, MN

Hermantown Independent School District 700's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hermantown Independent School District 700 took in $35.5 million and spent $36.1 million.

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

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Where it comes from

State tax money69%School district taxes18%Fines and other8.1%Fees for services (school tuition and transportation, school lunches)3.6%County and local tax money1.4%

What stands out

8.1%

of Hermantown Independent School District 700's money comes from interest, rents and other revenue.A typical school district with fewer than 5,000 students gets 3.2%.

School district taxes18%

Property tax
18%$6.5 million

Fees for services3.6%

Fees for services
3.6%$1.3 million
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$751 thousand
  • School tuition and transportation$405 thousand
  • School lunches$130 thousand

Amounts are by Census type of charge.

State tax money69%

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

From the state
69%$24.4 million

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$484 thousand

Fines and other8.1%

Interest, rents and other
8.1%$2.9 million

Where it goes

Schools and colleges83%Interest on debt14%Sent to other local governments3.4%

What stands out

14%

of Hermantown Independent School District 700'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
83%$30.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$30.0 million
Interest on debt
14%$4.9 million
Sent to other local governments
3.4%$1.2 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$809 thousand
  • Sent to the state government$436 thousand
Sources and moreWhere these numbers come from and what they cover

Hermantown Independent School District 700. 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 Hermantown Independent School District 700 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.