School district · Whatcom County, WA

Ferndale School District 502's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Ferndale School District 502 took in $111 million and spent $119 million.

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

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Where it comes from

State tax money80%School district taxes16%Federal tax money1.6%Fines and other1.2%Fees for services (school lunches, school tuition and transportation)1.1%

What stands out

80%

of Ferndale School District 502's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes16%

Property tax
16%$18.2 million

Fees for services1.1%

Fees for services
1.1%$1.2 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$1.1 million
  • School lunches$131 thousand
  • School tuition and transportation$1 thousand

Amounts are by Census type of charge.

Federal tax money1.6%

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

From the federal government
1.6%$1.7 million

State tax money80%

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

From the state
80%$88.8 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%$2 thousand

Fines and other1.2%

Interest, rents and other
1.2%$1.3 million
Fines
<0.1%$1 thousand

Where it goes

Schools and colleges96%Interest on debt3.2%Sent to other local governments1.3%

Spending by category100%

Schools and colleges
96%$114 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$114 million
Interest on debt
3.2%$3.8 million
Sent to other local governments
1.3%$1.5 million
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$1.5 million
Sources and moreWhere these numbers come from and what they cover

Ferndale School District 502. 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 Ferndale School District 502 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.