The National Public Education Financial Survey (NPEFS) is an annual state-level survey of revenues and expenditures of schools and school districts.

The primary purpose of the survey is to make available to the public an annual state-level collection of revenues and expenditures for public education of grades pre-kindergarten through 12.

State Education Agencies have one year to revise this data. Each year, we put out a revised file approximately one year after the original file is released. The original file is Version 1a, the revised file is Version 1b.

Revenues and expenditures are audited after the close of the fiscal year and are then submitted to NCES by each state education agency. Beginning with fiscal year 1989, detailed fiscal data on all public revenues and expenditures within states for regular pre-kindergarten to grade 12 education has been collected.