School district · Latimer County, OK

Red Oak School District 2's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Red Oak School District 2 took in $4.1 million and spent $4.4 million.

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

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Where it comes from

State tax money67%School district taxes20%Fees for services (school lunches)4.8%Federal tax money4.8%Fines and other1.8%County and local tax money1.6%

What stands out

4.8%

of Red Oak School District 2's money comes from federal tax money.Most school districts with fewer than 5,000 students get none.

School district taxes20%

Property tax
20%$796 thousand
Other taxes
<0.1%$1 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$1 thousand

Amounts are by Census tax category.

Fees for services4.8%

Fees for services
4.8%$196 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$195 thousand
  • School lunches$1 thousand

Amounts are by Census type of charge.

Federal tax money4.8%

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

From the federal government
4.8%$194 thousand

State tax money67%

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

From the state
67%$2.7 million

County and local tax money1.6%

Money passed on by the county or other local governments.

From the county and other local governments
1.6%$64 thousand

Fines and other1.8%

Interest, rents and other
1.8%$73 thousand

Where it goes

Schools and colleges100%Interest on debt0.2%Sent to other local governments<0.1%

What stands out

100%

of Red Oak School District 2's spending goes to schools and colleges.A typical school district with fewer than 5,000 students spends 97%.

Spending by category100%

Schools and colleges
100%$4.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$4.4 million
Interest on debt
0.2%$8 thousand
Sent to other local governments
<0.1%$3 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$3 thousand
Sources and moreWhere these numbers come from and what they cover

Red Oak School District 2. 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 Red Oak School District 2 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.