School district · Goodhue County, MN

Pine Island School District 255's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Pine Island School District 255 took in $25.0 million and spent $24.3 million.

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

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Where it comes from

State tax money74%School district taxes17%Fees for services (school tuition and transportation, school lunches)5.9%Fines and other2.2%County and local tax money0.4%

What stands out

5.9%

of Pine Island School District 255's money comes from fees for services such as water, sewer and parking.A typical school district with fewer than 5,000 students gets 1.8%.

School district taxes17%

Property tax
17%$4.3 million

Fees for services5.9%

Fees for services
5.9%$1.5 million
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$1.1 million
  • Other school charges$288 thousand
  • School lunches$92 thousand

Amounts are by Census type of charge.

State tax money74%

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

From the state
74%$18.5 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$105 thousand

Fines and other2.2%

Interest, rents and other
2.2%$549 thousand

Where it goes

Schools and colleges88%Interest on debt10%Sent to other local governments1.5%

What stands out

10%

of Pine Island School District 255'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
88%$21.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$21.4 million
Interest on debt
10%$2.5 million
Sent to other local governments
1.5%$372 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$321 thousand
  • Sent to the state government$51 thousand
Sources and moreWhere these numbers come from and what they cover

Pine Island School District 255. 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 Pine Island School District 255 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.