School district · Meade County, SD

Faith School District 46-2's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Faith School District 46-2 took in $3.4 million and spent $3.2 million.

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

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Where it comes from

State tax money51%School district taxes36%Fines and other6.0%Federal tax money4.7%Fees for services (school lunches)1.7%

What stands out

4.7%

of Faith School District 46-2's money comes from federal tax money.Most school districts with fewer than 5,000 students get none.

School district taxes36%

Property tax

36%$1.2 million

Other taxes

0.8%$28 thousand

What's in other taxesPublic utility taxes and other taxes not classified elsewhere

Public utility taxes$25 thousand
Other taxes not classified elsewhere$3 thousand

Amounts are by Census tax category.

Fees for services1.7%

Fees for services

1.7%$59 thousand

What's in fees for servicesSchool lunches and other school charges

School lunches$35 thousand
Other school charges$24 thousand

Amounts are by Census type of charge.

Federal tax money4.7%

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

From the federal government

4.7%$158 thousand

State tax money51%

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

From the state

51%$1.7 million

Fines and other6.0%

Interest, rents and other

5.6%$188 thousand

Fines

0.5%$16 thousand

Where it goes

Schools and colleges94%Interest on debt6.5%

What stands out

6.5%

of Faith School District 46-2's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges

94%$3.0 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$3.0 million

Interest on debt

6.5%$210 thousand

Sources and moreWhere these numbers come from and what they cover

Faith School District 46-2. 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 Faith School District 46-2 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.