School district · Steele County, MN

Medford Independent School District 763's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Medford Independent School District 763 took in $13.9 million and spent $12.4 million.

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

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Where it comes from

State tax money81%School district taxes11%Fines and other4.3%Fees for services (school tuition and transportation, school lunches)3.4%

What stands out

11%

of Medford Independent School District 763's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes11%

Property tax
11%$1.6 million

Fees for services3.4%

Fees for services
3.4%$475 thousand
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$209 thousand
  • Other school charges$197 thousand
  • School lunches$69 thousand

Amounts are by Census type of charge.

State tax money81%

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

From the state
81%$11.3 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$3 thousand

Fines and other4.3%

Interest, rents and other
4.3%$592 thousand

Where it goes

Schools and colleges98%Interest on debt1.9%Sent to other local governments0.6%

Spending by category100%

Schools and colleges
98%$12.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$12.1 million
Interest on debt
1.9%$235 thousand
Sent to other local governments
0.6%$69 thousand
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$46 thousand
  • Sent to school districts$23 thousand
Sources and moreWhere these numbers come from and what they cover

Medford Independent School District 763. 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 Medford Independent School District 763 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.