School district · Wright County, MN

St. Michael-Albertville School District 885's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), St. Michael-Albertville School District 885 took in $112 million and spent $93.9 million.

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

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Where it comes from

State tax money75%School district taxes15%Fees for services (school tuition and transportation, school lunches)5.9%Fines and other3.1%Federal tax money0.2%County and local tax money0.2%

What stands out

15%

of St. Michael-Albertville School District 885's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes15%

Property tax
15%$17.3 million

Fees for services5.9%

Fees for services
5.9%$6.6 million
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$5.4 million
  • School tuition and transportation$726 thousand
  • School lunches$485 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$228 thousand

State tax money75%

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

From the state
75%$84.3 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$188 thousand

Fines and other3.1%

Interest, rents and other
3.1%$3.5 million

Where it goes

Schools and colleges94%Interest on debt4.6%Sent to other local governments1.2%

Spending by category100%

Schools and colleges
94%$88.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$88.4 million
Interest on debt
4.6%$4.3 million
Sent to other local governments
1.2%$1.1 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$896 thousand
  • Sent to the state government$254 thousand
Sources and moreWhere these numbers come from and what they cover

St. Michael-Albertville School District 885. 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 St. Michael-Albertville School District 885 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.