School district · Dakota County, MN

Lakeville School District 194's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Lakeville School District 194 took in $243 million and spent $238 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

State tax money62%School district taxes27%Fines and other4.2%Fees for services (school tuition and transportation, school lunches)4.0%County and local tax money2.7%Federal tax money0.2%

What stands out

62%

of Lakeville School District 194's money comes from state tax money.A typical school district with 5,000 to 25,000 students gets 59%.

School district taxes27%

Property tax

27%$65.8 million

Fees for services4.0%

Fees for services

4.0%$9.7 million

What's in fees for servicesSchool tuition and transportation; other school charges and 1 more

School tuition and transportation$6.3 million
Other school charges$2.3 million
School lunches$1.0 million

Amounts are by Census type of charge.

Federal tax money0.2%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government

0.2%$422 thousand

State tax money62%

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

From the state

62%$151 million

County and local tax money2.7%

Money passed on by the county or other local governments.

From the county and other local governments

2.7%$6.5 million

Fines and other4.2%

Interest, rents and other

4.2%$10.3 million

Where it goes

Schools and colleges96%Interest on debt2.8%Sent to other local governments1.4%

Spending by category100%

Schools and colleges

96%$228 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$228 million

Interest on debt

2.8%$6.7 million

Sent to other local governments

1.4%$3.3 million

What's in sent to other local governmentsSent to school districts and sent to the state government

Sent to school districts$2.1 million
Sent to the state government$1.2 million

Sources and moreWhere these numbers come from and what they cover

Lakeville School District 194. 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 Lakeville School District 194 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.