School district · Hall County, TX

Memphis Independent School District 904's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Memphis Independent School District 904 took in $8.9 million and spent $11.2 million.

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

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Where it comes from

State tax money69%School district taxes20%Fines and other11%Fees for services (school lunches)0.5%

What stands out

10%

of Memphis Independent School District 904's money comes from interest, rents and other revenue.A typical school district with fewer than 5,000 students gets 3.2%.

School district taxes20%

Property tax
20%$1.8 million

Fees for services0.5%

Fees for services
0.5%$44 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$40 thousand
  • School lunches$4 thousand

Amounts are by Census type of charge.

State tax money69%

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

From the state
69%$6.1 million

Fines and other11%

Interest, rents and other
10%$909 thousand
Fines
0.3%$27 thousand

Where it goes

Schools and colleges99%Interest on debt0.4%Sent to other local governments0.3%

Spending by category100%

Schools and colleges
99%$11.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$11.1 million
Interest on debt
0.4%$50 thousand
Sent to other local governments
0.3%$31 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$31 thousand
Sources and moreWhere these numbers come from and what they cover

Memphis Independent School District 904. 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 Memphis Independent School District 904 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.