School district · Hood County, TX

Lipan Independent School District 902's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Lipan Independent School District 902 took in $9.7 million and spent $9.2 million.

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

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Where it comes from

State tax money51%School district taxes33%Fines and other14%Federal tax money1.8%Fees for services (school lunches)0.3%

What stands out

13%

of Lipan Independent School District 902's money comes from interest, rents and other revenue.A typical school district with fewer than 5,000 students gets 3.2%.

School district taxes33%

Property tax
33%$3.2 million

Fees for services0.3%

Fees for services
0.3%$28 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$22 thousand
  • School lunches$6 thousand

Amounts are by Census type of charge.

Federal tax money1.8%

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

From the federal government
1.8%$176 thousand

State tax money51%

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

From the state
51%$5.0 million

Fines and other14%

Interest, rents and other
13%$1.3 million
Fines
0.6%$59 thousand

Where it goes

Schools and colleges92%Interest on debt7.5%Sent to other local governments0.2%

What stands out

7.5%

of Lipan Independent School District 902'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
92%$8.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$8.5 million
Interest on debt
7.5%$690 thousand
Sent to other local governments
0.2%$20 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$20 thousand
Sources and moreWhere these numbers come from and what they cover

Lipan Independent School District 902. 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 Lipan Independent School District 902 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.