School district · Lincoln County, MN

Ivanhoe Public School District 403's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Ivanhoe Public School District 403 took in $2.8 million and spent $2.2 million.

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

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Where it comes from

State tax money64%School district taxes29%County and local tax money2.4%Fines and other2.4%Fees for services (school tuition and transportation, school lunches)2.0%Federal tax money0.5%

What stands out

64%

of Ivanhoe Public School District 403's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes29%

Property tax
29%$799 thousand

Fees for services2.0%

Fees for services
2.0%$56 thousand
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$31 thousand
  • Other school charges$20 thousand
  • School lunches$5 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%$14 thousand

State tax money64%

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

From the state
64%$1.8 million

County and local tax money2.4%

Money passed on by the county or other local governments.

From the county and other local governments
2.4%$68 thousand

Fines and other2.4%

Interest, rents and other
2.4%$68 thousand

Where it goes

Schools and colleges73%Sent to other local governments20%Interest on debt6.4%

What stands out

20%

of Ivanhoe Public School District 403's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
73%$1.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$1.6 million
Sent to other local governments
20%$444 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$441 thousand
  • Sent to the state government$3 thousand
Interest on debt
6.4%$142 thousand
Sources and moreWhere these numbers come from and what they cover

Ivanhoe Public School District 403. 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 Ivanhoe Public School District 403 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.