School district · Union County, OH

Fairbanks Local School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Fairbanks Local School District took in $20.2 million and spent $19.8 million.

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

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Where it comes from

School district taxes62%State tax money28%Fines and other5.8%Fees for services (school lunches)3.3%County and local tax money0.6%Federal tax money0.2%

What stands out

17%

of Fairbanks Local School District's money comes from a personal income tax.Most school districts with fewer than 5,000 students get none.

School district taxes62%

Property tax
45%$9.1 million
Individual income tax
17%$3.5 million

Fees for services3.3%

Fees for services
3.3%$671 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$395 thousand
  • School lunches$276 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$31 thousand

State tax money28%

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

From the state
28%$5.6 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$112 thousand

Fines and other5.8%

Interest, rents and other
5.8%$1.2 million

Where it goes

Schools and colleges98%Interest on debt0.9%Sent to other local governments0.9%

Spending by category100%

Schools and colleges
98%$19.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$19.4 million
Interest on debt
0.9%$182 thousand
Sent to other local governments
0.9%$174 thousand
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$160 thousand
  • Sent to school districts$14 thousand
Sources and moreWhere these numbers come from and what they cover

Fairbanks Local School District. 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 Fairbanks Local School District 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.