School district · Knox County, NE

Bloomfield City School District 586's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Bloomfield City School District 586 took in $6.2 million and spent $6.1 million.

Latest recorded year: ended August 31, 2023Comes fromGoes to

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Where it comes from

School district taxes59%State tax money34%Fees for services (school lunches, school tuition and transportation)5.8%Fines and other0.8%Federal tax money0.6%County and local tax money0.1%

What stands out

55%

of Bloomfield City School District 586's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes59%

Property tax
55%$3.4 million
Other taxes
4.0%$250 thousand
What's in other taxesOther taxes not classified elsewhere and public utility taxes
  • Other taxes not classified elsewhere$221 thousand
  • Public utility taxes$29 thousand

Amounts are by Census tax category.

Fees for services5.8%

Fees for services
5.8%$360 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$257 thousand
  • School lunches$101 thousand
  • School tuition and transportation$2 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%$37 thousand

State tax money34%

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

From the state
34%$2.1 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%$7 thousand

Fines and other0.8%

Interest, rents and other
0.8%$47 thousand

Where it goes

Schools and colleges98%Sent to other local governments2.1%Interest on debt<0.1%

Spending by category100%

Schools and colleges
98%$5.9 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$5.9 million
Sent to other local governments
2.1%$126 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$126 thousand
Interest on debt
<0.1%$6 thousand
Sources and moreWhere these numbers come from and what they cover

Bloomfield City School District 586. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended August 31, 2023.

What this covers. The money of Bloomfield City School District 586 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.