School district · McLennan County, TX

Lorena Independent School District 907's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Lorena Independent School District 907 took in $24.9 million and spent $24.5 million.

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

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Where it comes from

State tax money59%School district taxes32%Fees for services (school lunches, school tuition and transportation)4.4%Fines and other4.0%

What stands out

32%

of Lorena Independent School District 907's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes32%

Property tax

32%$8.0 million

Fees for services4.4%

Fees for services

4.4%$1.1 million

What's in fees for servicesSchool lunches; other school charges and 1 more

School lunches$515 thousand
Other school charges$501 thousand
School tuition and transportation$88 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government

<0.1%$7 thousand

State tax money59%

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

From the state

59%$14.8 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments

<0.1%$5 thousand

Fines and other4.0%

Interest, rents and other

3.5%$867 thousand

Fines

0.5%$122 thousand

Where it goes

Schools and colleges98%Interest on debt2.3%Sent to other local governments<0.1%

Spending by category100%

Schools and colleges

98%$23.9 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$23.9 million

Interest on debt

2.3%$557 thousand

Sent to other local governments

<0.1%$21 thousand

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

Sent to school districts$21 thousand

Sources and moreWhere these numbers come from and what they cover

Lorena Independent School District 907. 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 Lorena Independent School District 907 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.