School district · Brookings County, SD

Elkton School District 5-3's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Elkton School District 5-3 took in $6.8 million and spent $7.1 million.

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

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Where it comes from

School district taxes55%State tax money27%County and local tax money8.9%Fines and other6.0%Fees for services (school lunches, school tuition and transportation)3.1%

What stands out

53%

of Elkton School District 5-3's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes55%

Property tax
53%$3.6 million
Other taxes
1.9%$132 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$115 thousand
  • Other taxes not classified elsewhere$17 thousand

Amounts are by Census tax category.

Fees for services3.1%

Fees for services
3.1%$210 thousand
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$142 thousand
  • Other school charges$59 thousand
  • School tuition and transportation$9 thousand

Amounts are by Census type of charge.

State tax money27%

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

From the state
27%$1.9 million

County and local tax money8.9%

Money passed on by the county or other local governments.

From the county and other local governments
8.9%$605 thousand

Fines and other6.0%

Interest, rents and other
5.6%$380 thousand
Fines
0.4%$26 thousand

Where it goes

Schools and colleges98%Interest on debt1.8%

Spending by category100%

Schools and colleges
98%$7.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$7.0 million
Interest on debt
1.8%$129 thousand
Sources and moreWhere these numbers come from and what they cover

Elkton School District 5-3. 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 Elkton School District 5-3 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.