School district · Rock County, WI

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

In the latest recorded fiscal year (ended June 30, 2024), Beloit School District took in $110 million and spent $107 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

State tax money90%School district taxes6.3%Fines and other1.9%County and local tax money1.2%Fees for services (school lunches)0.2%Federal tax money<0.1%

What stands out

6.3%

of Beloit School District's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes6.3%

Property tax

6.3%$6.9 million

Fees for services0.2%

Fees for services

0.2%$226 thousand

What's in fees for servicesOther school charges and school lunches

Other school charges$171 thousand
School lunches$55 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%$83 thousand

State tax money90%

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

From the state

90%$100 million

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments

1.2%$1.3 million

Fines and other1.9%

Interest, rents and other

1.9%$2.1 million

Fines

<0.1%$1 thousand

Where it goes

Schools and colleges85%Sent to other local governments15%Interest on debt0.6%

What stands out

15%

of Beloit School District's spending goes to local governments.Most school districts with 5,000 to 25,000 students spend nothing on this.

Spending by category100%

Schools and colleges

85%$90.3 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$90.3 million

Sent to other local governments

15%$15.9 million

What's in sent to other local governmentsSent to the state government; sent to school districts and 1 more

Sent to the state government$7.7 million
Sent to school districts$7.6 million
Sent to local governments: other and not broken out$638 thousand

Interest on debt

0.6%$644 thousand

Sources and moreWhere these numbers come from and what they cover

Beloit School District. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Beloit 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.