School district · Douglas County, MN

Runestone Education District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Runestone Education District took in $3.2 million and spent $3.4 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

County and local tax money55%State tax money38%Fines and other6.8%

What stands out

55%

of Runestone Education District's money comes from county and other local tax money.A typical vocational school or education service agency gets 34%.

State tax money38%

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

From the state

38%$1.2 million

County and local tax money55%

Money passed on by the county or other local governments.

From the county and other local governments

55%$1.8 million

Fines and other6.8%

Interest, rents and other

6.8%$219 thousand

Where it goes

Schools and colleges96%Sent to other local governments4.5%

What stands out

4.5%

of Runestone Education District's spending goes to local governments.Most vocational schools and education service agencies spend nothing on this.

Spending by category100%

Schools and colleges

96%$3.3 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$3.3 million

Sent to other local governments

4.5%$153 thousand

What's in sent to other local governmentsSent to school districts and sent to the state government

Sent to school districts$102 thousand
Sent to the state government$51 thousand

Sources and moreWhere these numbers come from and what they cover

Runestone Education District. 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 Runestone Education District 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.