School district · Steele County, MN

Owatonna School District 761's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Owatonna School District 761 took in $97.1 million and spent $118 million.

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

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Where it comes from

State tax money75%School district taxes18%Fines and other4.5%Fees for services (school lunches, school tuition and transportation)1.5%County and local tax money0.8%

What stands out

75%

of Owatonna School District 761's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes18%

Property tax
18%$17.7 million

Fees for services1.5%

Fees for services
1.5%$1.4 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$962 thousand
  • School lunches$287 thousand
  • School tuition and transportation$201 thousand

Amounts are by Census type of charge.

State tax money75%

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

From the state
75%$72.8 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%$806 thousand

Fines and other4.5%

Interest, rents and other
4.5%$4.3 million

Where it goes

Schools and colleges94%Interest on debt3.7%Sent to other local governments2.0%

Spending by category100%

Schools and colleges
94%$112 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$112 million
Interest on debt
3.7%$4.4 million
Sent to other local governments
2.0%$2.4 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$1.5 million
  • Sent to the state government$806 thousand
Sources and moreWhere these numbers come from and what they cover

Owatonna School District 761. 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 Owatonna School District 761 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.