School district · Floyd County, TX

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

In the latest recorded fiscal year (ended August 31, 2023), Lockney Independent School District took in $7.8 million and spent $7.7 million.

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

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Where it comes from

State tax money73%School district taxes17%Fines and other7.4%Fees for services (school lunches)2.1%

What stands out

17%

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

School district taxes17%

Property tax
17%$1.3 million

Fees for services2.1%

Fees for services
2.1%$161 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$150 thousand
  • School lunches$11 thousand

Amounts are by Census type of charge.

State tax money73%

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

From the state
73%$5.7 million

Fines and other7.4%

Interest, rents and other
7.3%$567 thousand
Fines
0.1%$11 thousand

Where it goes

Schools and colleges98%Interest on debt1.8%Sent to other local governments0.3%

Spending by category100%

Schools and colleges
98%$7.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$7.5 million
Interest on debt
1.8%$140 thousand
Sent to other local governments
0.3%$25 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$25 thousand
Sources and moreWhere these numbers come from and what they cover

Lockney Independent School District. 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 Lockney Independent School District 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.