School district · Morrison County, MN

Royalton Independent School District 485's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Royalton Independent School District 485 took in $14.9 million and spent $14.8 million.

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

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Where it comes from

State tax money78%School district taxes14%Fees for services (school tuition and transportation, school lunches)4.3%Fines and other3.3%County and local tax money0.7%

What stands out

14%

of Royalton Independent School District 485's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes14%

Property tax
14%$2.1 million

Fees for services4.3%

Fees for services
4.3%$647 thousand
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$463 thousand
  • School tuition and transportation$141 thousand
  • School lunches$43 thousand

Amounts are by Census type of charge.

State tax money78%

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

From the state
78%$11.6 million

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$100 thousand

Fines and other3.3%

Interest, rents and other
3.3%$487 thousand

Where it goes

Schools and colleges89%Sent to other local governments5.6%Interest on debt5.1%

What stands out

5.1%

of Royalton Independent School District 485'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
89%$13.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$13.2 million
Sent to other local governments
5.6%$823 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$749 thousand
  • Sent to the state government$74 thousand
Interest on debt
5.1%$747 thousand
Sources and moreWhere these numbers come from and what they cover

Royalton Independent School District 485. 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 Royalton Independent School District 485 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.