School district · Swift County, MN

Kerkhoven-Murdock-Sunburg School District #775's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Kerkhoven-Murdock-Sunburg School District #775 took in $14.1 million and spent $13.7 million.

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

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Where it comes from

State tax money83%School district taxes8.5%Fines and other5.7%Fees for services (school tuition and transportation, school lunches)2.7%County and local tax money0.3%

What stands out

8.5%

of Kerkhoven-Murdock-Sunburg School District #775's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes8.5%

Property tax
8.5%$1.2 million

Fees for services2.7%

Fees for services
2.7%$376 thousand
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$180 thousand
  • School tuition and transportation$161 thousand
  • School lunches$35 thousand

Amounts are by Census type of charge.

State tax money83%

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

From the state
83%$11.6 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$38 thousand

Fines and other5.7%

Interest, rents and other
5.7%$807 thousand

Where it goes

Schools and colleges96%Interest on debt2.2%Sent to other local governments1.6%

Spending by category100%

Schools and colleges
96%$13.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$13.2 million
Interest on debt
2.2%$306 thousand
Sent to other local governments
1.6%$220 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$148 thousand
  • Sent to the state government$72 thousand
Sources and moreWhere these numbers come from and what they cover

Kerkhoven-Murdock-Sunburg School District #775. 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 Kerkhoven-Murdock-Sunburg School District #775 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.