School district · Franklin County, NE

Franklin Public Schools District 506's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Franklin Public Schools District 506 took in $6.9 million and spent $6.0 million.

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

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Where it comes from

School district taxes61%State tax money29%Fines and other7.0%Fees for services (school lunches, school tuition and transportation)2.2%Federal tax money0.6%County and local tax money<0.1%

What stands out

59%

of Franklin Public Schools District 506's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes61%

Property tax
59%$4.0 million
Other taxes
2.4%$165 thousand
What's in other taxesOther taxes not classified elsewhere and public utility taxes
  • Other taxes not classified elsewhere$152 thousand
  • Public utility taxes$13 thousand

Amounts are by Census tax category.

Fees for services2.2%

Fees for services
2.2%$152 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$122 thousand
  • School lunches$18 thousand
  • School tuition and transportation$12 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%$40 thousand

State tax money29%

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

From the state
29%$2.0 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$6 thousand

Fines and other7.0%

Interest, rents and other
7.0%$480 thousand

Where it goes

Schools and colleges92%Sent to other local governments7.7%

What stands out

7.7%

of Franklin Public Schools District 506's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
92%$5.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$5.5 million
Sent to other local governments
7.7%$465 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$465 thousand
Sources and moreWhere these numbers come from and what they cover

Franklin Public Schools District 506. 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 Franklin Public Schools District 506 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.