School district · Blue Earth County, MN

Lake Crystal-Wellcome Memorial Independent School District 2071's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Lake Crystal-Wellcome Memorial Independent School District 2071 took in $17.2 million and spent $15.8 million.

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

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Where it comes from

State tax money74%School district taxes18%Fines and other4.3%Fees for services (school tuition and transportation, school lunches)3.4%County and local tax money0.5%

What stands out

74%

of Lake Crystal-Wellcome Memorial Independent School District 2071's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes18%

Property tax
18%$3.1 million

Fees for services3.4%

Fees for services
3.4%$583 thousand
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$330 thousand
  • School tuition and transportation$195 thousand
  • School lunches$58 thousand

Amounts are by Census type of charge.

State tax money74%

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

From the state
74%$12.7 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$80 thousand

Fines and other4.3%

Interest, rents and other
4.3%$736 thousand

Where it goes

Schools and colleges91%Interest on debt5.3%Sent to other local governments3.4%

What stands out

5.3%

of Lake Crystal-Wellcome Memorial Independent School District 2071'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
91%$14.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$14.4 million
Interest on debt
5.3%$829 thousand
Sent to other local governments
3.4%$531 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$509 thousand
  • Sent to the state government$22 thousand
Sources and moreWhere these numbers come from and what they cover

Lake Crystal-Wellcome Memorial Independent School District 2071. 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 Lake Crystal-Wellcome Memorial Independent School District 2071 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.