School district · Howard County, MO

New Franklin School District R-1's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), New Franklin School District R-1 took in $5.8 million and spent $5.2 million.

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

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Where it comes from

State tax money56%School district taxes37%Fees for services (school lunches, school tuition and transportation)3.6%Fines and other3.1%Federal tax money0.6%County and local tax money0.1%

What stands out

35%

of New Franklin School District R-1's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes37%

Property tax
35%$2.0 million
Other taxes
1.5%$86 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$86 thousand

Amounts are by Census tax category.

Fees for services3.6%

Fees for services
3.6%$207 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$152 thousand
  • School lunches$48 thousand
  • School tuition and transportation$7 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$36 thousand

State tax money56%

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

From the state
56%$3.2 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$8 thousand

Fines and other3.1%

Interest, rents and other
2.9%$168 thousand
Fines
0.2%$11 thousand

Where it goes

Schools and colleges96%Sent to other local governments2.4%Interest on debt1.3%

Spending by category100%

Schools and colleges
96%$5.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$5.0 million
Sent to other local governments
2.4%$124 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$124 thousand
Interest on debt
1.3%$66 thousand
Sources and moreWhere these numbers come from and what they cover

New Franklin School District R-1. 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 New Franklin School District R-1 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.