School district · Kingsbury County, SD

Lake Preston School District 38-3's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Lake Preston School District 38-3 took in $3.3 million and spent $3.8 million.

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

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Where it comes from

School district taxes63%State tax money31%Fees for services (school lunches, school tuition and transportation)3.2%Fines and other2.3%Federal tax money0.6%County and local tax money0.5%

What stands out

61%

of Lake Preston School District 38-3's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes63%

Property tax
61%$2.0 million
Other taxes
1.2%$38 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$36 thousand
  • Other taxes not classified elsewhere$2 thousand

Amounts are by Census tax category.

Fees for services3.2%

Fees for services
3.2%$106 thousand
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$83 thousand
  • Other school charges$19 thousand
  • School tuition and transportation$4 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$20 thousand

State tax money31%

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

From the state
31%$1.0 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$15 thousand

Fines and other2.3%

Interest, rents and other
2.1%$68 thousand
Fines
0.2%$8 thousand

Where it goes

Schools and colleges97%Sent to other local governments2.8%

Spending by category100%

Schools and colleges
97%$3.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$3.7 million
Sent to other local governments
2.8%$106 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$106 thousand
Sources and moreWhere these numbers come from and what they cover

Lake Preston School District 38-3. 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 Lake Preston School District 38-3 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.