School district · Nicollet County, MN

St. Peter Independent School District 508's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), St. Peter Independent School District 508 took in $40.7 million and spent $40.0 million.

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

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Where it comes from

State tax money74%School district taxes16%Fines and other5.5%Fees for services (school lunches, school tuition and transportation)2.6%County and local tax money1.3%

What stands out

16%

of St. Peter Independent School District 508's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes16%

Property tax
16%$6.6 million

Fees for services2.6%

Fees for services
2.6%$1.1 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$877 thousand
  • School lunches$136 thousand
  • School tuition and transportation$63 thousand

Amounts are by Census type of charge.

State tax money74%

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

From the state
74%$30.3 million

County and local tax money1.3%

Money passed on by the county or other local governments.

From the county and other local governments
1.3%$541 thousand

Fines and other5.5%

Interest, rents and other
5.5%$2.2 million

Where it goes

Schools and colleges89%Interest on debt8.5%Sent to other local governments2.4%

What stands out

8.5%

of St. Peter Independent School District 508'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%$35.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$35.6 million
Interest on debt
8.5%$3.4 million
Sent to other local governments
2.4%$947 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$812 thousand
  • Sent to the state government$135 thousand
Sources and moreWhere these numbers come from and what they cover

St. Peter Independent School District 508. 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. Peter Independent School District 508 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.