School district · Lubbock County, TX

Frenship Independent School District 907's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Frenship Independent School District 907 took in $162 million and spent $252 million.

Latest recorded year: ended August 31, 2023Comes from Goes to

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Where it comes from

State tax money47%School district taxes42%Fines and other8.5%Fees for services (school lunches, school tuition and transportation)2.5%Federal tax money<0.1%

What stands out

42%

of Frenship Independent School District 907's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes42%

Property tax

42%$68.5 million

Fees for services2.5%

Fees for services

2.5%$4.1 million

What's in fees for servicesOther school charges; school lunches and 1 more

Other school charges$2.0 million
School lunches$1.7 million
School tuition and transportation$321 thousand

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%$103 thousand

State tax money47%

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

From the state

47%$75.7 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%$15 thousand

Fines and other8.5%

Interest, rents and other

8.1%$13.2 million

Fines

0.3%$552 thousand

Where it goes

Schools and colleges94%Interest on debt6.0%

What stands out

of Frenship Independent School District 907's spending goes to interest on debt.A typical school district with 5,000 to 25,000 students spends 2.3%.

Spending by category100%

Schools and colleges

94%$237 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$237 million

Interest on debt

6.0%$15.1 million

Sent to other local governments

<0.1%$27 thousand

What's in sent to other local governmentsSent to school districts

Sent to school districts$27 thousand

Sources and moreWhere these numbers come from and what they cover

Frenship Independent School District 907. 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 Frenship Independent School District 907 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.