School district · McKean County, PA

Otto Eldred School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Otto Eldred School District took in $13.7 million and spent $12.6 million.

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

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Where it comes from

State tax money80%School district taxes15%Federal tax money2.0%Fees for services (school lunches)1.6%County and local tax money1.0%Fines and other0.7%

What stands out

12%

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

School district taxes15%

Property tax
12%$1.6 million
Individual income tax
2.4%$336 thousand
Other taxes
0.2%$33 thousand
What's in other taxesOther taxes not classified elsewhere and public utility taxes
  • Other taxes not classified elsewhere$31 thousand
  • Public utility taxes$2 thousand

Amounts are by Census tax category.

Fees for services1.6%

Fees for services
1.6%$220 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$130 thousand
  • School lunches$90 thousand

Amounts are by Census type of charge.

Federal tax money2.0%

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

From the federal government
2.0%$276 thousand

State tax money80%

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

From the state
80%$11.0 million

County and local tax money1.0%

Money passed on by the county or other local governments.

From the county and other local governments
1.0%$134 thousand

Fines and other0.7%

Interest, rents and other
0.7%$96 thousand

Where it goes

Schools and colleges93%Sent to other local governments4.4%Interest on debt2.3%

What stands out

4.4%

of Otto Eldred School District'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
93%$11.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$11.7 million
Sent to other local governments
4.4%$557 thousand
What's in sent to other local governmentsSent to school districts and sent to local governments: other and not broken out
  • Sent to school districts$556 thousand
  • Sent to local governments: other and not broken out$1 thousand
Interest on debt
2.3%$294 thousand
Sources and moreWhere these numbers come from and what they cover

Otto Eldred 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 Otto Eldred 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.