School district · Hutchinson County, TX

Frank Phillips College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Frank Phillips College took in $15.2 million and spent $15.7 million.

Latest recorded year: ended August 31, 2023Comes fromGoes to

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Where it comes from

State tax money40%Fees for services (college tuition, university housing and dining)22%School district taxes20%County and local tax money10%Fines and other4.1%Federal tax money3.7%

What stands out

10%

of Frank Phillips College's money comes from county and other local tax money.Most community and technical college districts get none.

School district taxes20%

Property tax
20%$3.0 million

Fees for services22%

Fees for services
22%$3.4 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$2.6 million
  • University housing and dining$755 thousand

Amounts are by Census type of charge.

Federal tax money3.7%

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

From the federal government
3.7%$567 thousand

State tax money40%

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

From the state
40%$6.0 million

County and local tax money10%

Money passed on by the county or other local governments.

From the county and other local governments
10%$1.5 million

Fines and other4.1%

Interest, rents and other
4.1%$617 thousand

Where it goes

Schools and colleges100%

Spending by category100%

Schools and colleges
100%$15.7 million
What's in schools and collegesColleges and universities; college housing, dining and bookstores and 1 more
  • Colleges and universities$12.0 million
  • College housing, dining and bookstores$3.1 million
  • Scholarships and other education subsidies$661 thousand
Sources and moreWhere these numbers come from and what they cover

Frank Phillips College. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended August 31, 2023.

What this covers. The money of Frank Phillips College 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.