School district · Hubbard County, MN

Laporte School District 306's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Laporte School District 306 took in $7.3 million and spent $6.8 million.

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

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Where it comes from

State tax money79%School district taxes14%Fines and other5.6%Fees for services (school lunches)0.7%County and local tax money0.7%Federal tax money0.5%

What stands out

14%

of Laporte School District 306's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes14%

Property tax
14%$1.0 million

Fees for services0.7%

Fees for services
0.7%$52 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$28 thousand
  • School lunches$24 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%$35 thousand

State tax money79%

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

From the state
79%$5.7 million

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$48 thousand

Fines and other5.6%

Interest, rents and other
5.6%$406 thousand

Where it goes

Schools and colleges95%Sent to other local governments4.4%Interest on debt1.1%

What stands out

4.4%

of Laporte School District 306'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
95%$6.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$6.4 million
Sent to other local governments
4.4%$295 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$245 thousand
  • Sent to the state government$50 thousand
Interest on debt
1.1%$71 thousand
Sources and moreWhere these numbers come from and what they cover

Laporte School District 306. 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 Laporte School District 306 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.