School district · Koochiching County, MN

Littlefork-Big Falls Independent School District 362's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Littlefork-Big Falls Independent School District 362 took in $7.4 million and spent $7.1 million.

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

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Where it comes from

State tax money80%County and local tax money7.9%School district taxes6.4%Fines and other4.0%Fees for services (school lunches, school tuition and transportation)1.2%Federal tax money0.6%

What stands out

6.4%

of Littlefork-Big Falls Independent School District 362's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes6.4%

Property tax
6.4%$474 thousand

Fees for services1.2%

Fees for services
1.2%$93 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$58 thousand
  • School lunches$25 thousand
  • School tuition and transportation$10 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$41 thousand

State tax money80%

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

From the state
80%$5.9 million

County and local tax money7.9%

Money passed on by the county or other local governments.

From the county and other local governments
7.9%$586 thousand

Fines and other4.0%

Interest, rents and other
4.0%$299 thousand

Where it goes

Schools and colleges90%Sent to other local governments7.9%Interest on debt1.8%

What stands out

7.9%

of Littlefork-Big Falls Independent School District 362'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
90%$6.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$6.4 million
Sent to other local governments
7.9%$565 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$432 thousand
  • Sent to the state government$133 thousand
Interest on debt
1.8%$126 thousand
Sources and moreWhere these numbers come from and what they cover

Littlefork-Big Falls Independent School District 362. 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 Littlefork-Big Falls Independent School District 362 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.