School district · Meeker County, MN

Litchfield Independent School District 465's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Litchfield Independent School District 465 took in $29.3 million and spent $27.1 million.

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

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Where it comes from

State tax money73%School district taxes19%Fines and other3.4%Fees for services (school tuition and transportation, school lunches)3.1%County and local tax money0.8%

What stands out

73%

of Litchfield Independent School District 465's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes19%

Property tax
19%$5.6 million

Fees for services3.1%

Fees for services
3.1%$906 thousand
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$477 thousand
  • Other school charges$228 thousand
  • School lunches$201 thousand

Amounts are by Census type of charge.

State tax money73%

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

From the state
73%$21.5 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$236 thousand

Fines and other3.4%

Interest, rents and other
3.4%$1.0 million

Where it goes

Schools and colleges94%Interest on debt4.0%Sent to other local governments1.9%

What stands out

4%

of Litchfield Independent School District 465'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
94%$25.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$25.5 million
Interest on debt
4.0%$1.1 million
Sent to other local governments
1.9%$527 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$407 thousand
  • Sent to the state government$120 thousand
Sources and moreWhere these numbers come from and what they cover

Litchfield Independent School District 465. 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 Litchfield Independent School District 465 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.