School district · Beaufort County, SC

Beaufort County School District 1's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Beaufort County School District 1 took in $494 million and spent $494 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

School district taxes62%State tax money34%Fines and other3.3%Fees for services (school lunches)0.6%County and local tax money<0.1%

What stands out

62%

of Beaufort County School District 1's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes62%

Property tax

62%$306 million

Fees for services0.6%

Fees for services

0.6%$3.1 million

What's in fees for servicesOther school charges and school lunches

Other school charges$1.7 million
School lunches$1.4 million

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government

<0.1%$78 thousand

State tax money34%

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

From the state

34%$167 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%$258 thousand

Fines and other3.3%

Interest, rents and other

3.3%$16.4 million

Where it goes

Schools and colleges96%Interest on debt3.5%Sent to other local governments<0.1%

Spending by category100%

Schools and colleges

96%$477 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$477 million

Interest on debt

3.5%$17.1 million

Sent to other local governments

<0.1%$273 thousand

What's in sent to other local governmentsSent to the state government and sent to school districts

Sent to the state government$250 thousand
Sent to school districts$23 thousand

Sources and moreWhere these numbers come from and what they cover

Beaufort County School District 1. 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 Beaufort County School District 1 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.