School district · Winkler County, TX

Kermit Independent School District 901's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Kermit Independent School District 901 took in $26.3 million and spent $28.0 million.

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

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Where it comes from

School district taxes61%State tax money22%Fines and other15%Fees for services (school lunches)1.2%

What stands out

61%

of Kermit Independent School District 901's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes61%

Property tax
61%$16.0 million

Fees for services1.2%

Fees for services
1.2%$324 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$249 thousand
  • School lunches$75 thousand

Amounts are by Census type of charge.

State tax money22%

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

From the state
22%$5.9 million

Fines and other15%

Interest, rents and other
15%$3.9 million
Fines
0.6%$153 thousand

Where it goes

Schools and colleges88%Interest on debt12%Sent to other local governments0.3%

What stands out

12%

of Kermit Independent School District 901's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges
88%$24.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$24.5 million
Interest on debt
12%$3.4 million
Sent to other local governments
0.3%$97 thousand
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$57 thousand
  • Sent to school districts$40 thousand
Sources and moreWhere these numbers come from and what they cover

Kermit Independent School District 901. 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 Kermit Independent School District 901 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.