School district · Grimes County, TX

Iola Independent School District 903's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Iola Independent School District 903 took in $11.6 million and spent $9.9 million.

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

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Where it comes from

School district taxes45%State tax money34%County and local tax money12%Fines and other6.5%Fees for services (school lunches)2.1%

What stands out

12%

of Iola Independent School District 903's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes45%

Property tax

45%$5.2 million

Fees for services2.1%

Fees for services

2.1%$243 thousand

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

School lunches$231 thousand
Other school charges$12 thousand

Amounts are by Census type of charge.

State tax money34%

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

From the state

34%$4.0 million

County and local tax money12%

Money passed on by the county or other local governments.

From the county and other local governments

12%$1.4 million

Fines and other6.5%

Interest, rents and other

6.2%$719 thousand

Fines

0.3%$38 thousand

Where it goes

Schools and colleges98%Interest on debt2.1%Sent to other local governments0.3%

Spending by category100%

Schools and colleges

98%$9.7 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$9.7 million

Interest on debt

2.1%$208 thousand

Sent to other local governments

0.3%$33 thousand

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

Sent to school districts$33 thousand

Sources and moreWhere these numbers come from and what they cover

Iola Independent School District 903. 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 Iola Independent School District 903 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.