School district · Olmsted County, MN

Rochester School District 535's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Rochester School District 535 took in $349 million and spent $345 million.

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

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Where it comes from

State tax money71%School district taxes21%Fines and other4.4%Fees for services (school tuition and transportation, school lunches)2.3%County and local tax money0.4%Federal tax money0.3%

What stands out

71%

of Rochester School District 535's money comes from state tax money.A typical school district with 5,000 to 25,000 students gets 59%.

School district taxes21%

Property tax
21%$74.3 million

Fees for services2.3%

Fees for services
2.3%$7.9 million
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$5.7 million
  • Other school charges$1.8 million
  • School lunches$408 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$1.2 million

State tax money71%

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

From the state
71%$249 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%$1.3 million

Fines and other4.4%

Interest, rents and other
4.4%$15.3 million

Where it goes

Schools and colleges96%Interest on debt3.1%Sent to other local governments1.0%

Spending by category100%

Schools and colleges
96%$331 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$331 million
Interest on debt
3.1%$10.6 million
Sent to other local governments
1.0%$3.4 million
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$3.3 million
  • Sent to school districts$144 thousand
Sources and moreWhere these numbers come from and what they cover

Rochester School District 535. 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 Rochester School District 535 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.