School district · Scott County, MN

Shakopee Independent School District 720's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Shakopee Independent School District 720 took in $159 million and spent $139 million.

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

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Where it comes from

State tax money65%School district taxes25%Fines and other4.7%County and local tax money3.3%Fees for services (school lunches, school tuition and transportation)1.7%

What stands out

65%

of Shakopee Independent School District 720's money comes from state tax money.A typical school district with 5,000 to 25,000 students gets 59%.

School district taxes25%

Property tax
25%$39.8 million

Fees for services1.7%

Fees for services
1.7%$2.6 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$1.8 million
  • School lunches$459 thousand
  • School tuition and transportation$411 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$40 thousand

State tax money65%

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

From the state
65%$104 million

County and local tax money3.3%

Money passed on by the county or other local governments.

From the county and other local governments
3.3%$5.2 million

Fines and other4.7%

Interest, rents and other
4.7%$7.5 million

Where it goes

Schools and colleges95%Interest on debt3.9%Sent to other local governments1.5%

Spending by category100%

Schools and colleges
95%$132 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$132 million
Interest on debt
3.9%$5.4 million
Sent to other local governments
1.5%$2.1 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$1.1 million
  • Sent to the state government$977 thousand
Sources and moreWhere these numbers come from and what they cover

Shakopee Independent School District 720. 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 Shakopee Independent School District 720 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.