School district · Lincoln County, NE

Wallace School District 565's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Wallace School District 565 took in $5.9 million and spent $4.6 million.

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

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Where it comes from

School district taxes68%State tax money26%Fees for services (school lunches)4.3%Federal tax money0.9%Fines and other0.6%County and local tax money0.3%

What stands out

66%

of Wallace School District 565's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes68%

Property tax
66%$3.9 million
Other taxes
1.7%$102 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$102 thousand

Amounts are by Census tax category.

Fees for services4.3%

Fees for services
4.3%$251 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$191 thousand
  • School lunches$60 thousand

Amounts are by Census type of charge.

Federal tax money0.9%

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

From the federal government
0.9%$52 thousand

State tax money26%

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

From the state
26%$1.5 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$19 thousand

Fines and other0.6%

Interest, rents and other
0.6%$33 thousand

Where it goes

Schools and colleges96%Sent to other local governments3.6%

Spending by category100%

Schools and colleges
96%$4.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$4.5 million
Sent to other local governments
3.6%$167 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$167 thousand
Sources and moreWhere these numbers come from and what they cover

Wallace School District 565. 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 Wallace School District 565 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.