School district · Eastland County, TX

Gorman Independent School District 904's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Gorman Independent School District 904 took in $6.7 million and spent $7.8 million.

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

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Where it comes from

State tax money61%School district taxes28%Fines and other11%Fees for services (school lunches)1.0%

What stands out

10%

of Gorman Independent School District 904's money comes from interest, rents and other revenue.A typical school district with fewer than 5,000 students gets 3.2%.

School district taxes28%

Property tax
28%$1.9 million

Fees for services1.0%

Fees for services
1.0%$64 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$48 thousand
  • School lunches$16 thousand

Amounts are by Census type of charge.

State tax money61%

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

From the state
61%$4.1 million

Fines and other11%

Interest, rents and other
9.7%$648 thousand
Fines
0.9%$57 thousand

Where it goes

Schools and colleges98%Interest on debt1.6%Sent to other local governments0.5%

Spending by category100%

Schools and colleges
98%$7.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$7.7 million
Interest on debt
1.6%$125 thousand
Sent to other local governments
0.5%$43 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$43 thousand
Sources and moreWhere these numbers come from and what they cover

Gorman Independent School District 904. 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 Gorman Independent School District 904 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.