Volume 4. Government Finances contains six parts that cover a wide range of state and local government financial activity in fiscal year 2001-02. They are: (1) Public Education Finances; (2)Finances of Special District Governments; (3) Finances of County Governments; (4) Finances of Municipal and Township Governments; (5) Compendium of Government Finances; and (6) Employee Retirement Systems of State and Local Governments. This report, No. 1, contains financial statistics relating to public elementary secondary education. It includes national and state financial aggregates and display data for each public school system with an enrollment of 10,000 or more. This introductory text describes the scope, concepts, sources, survey methodology, and limitations of the data. It also identifies other U.S. Census Bureau products that contain public education data. The tabular section contains 18 tables. Summaries as well as state-level detail are presented in Tables 1 through 10. Table 1 contains data for all major financial categories for public school systems. Revenue summaries and supporting detail are shown in Tables 2 through 5, expenditure in Tables 6 through 9, and indebtedness in Table 10. State rankings based on revenue and expenditure per pupil appear in Table 11. State rankings based on the relation of revenue and expenditure to state personal income are shown in Table 12. National summaries and enrollment size group data for elementary secondary education systems appear in Tables 13 and 14. Finance data for individual public school systems with enrollments of 10,000 or more are displayed in Tables 15 through 17. Data are presented in thousands of dollars in Table 15 for revenue, expenditure, and indebtedness items. Table 16 displays percent distributions of federal, state, and local revenue for these same school systems. Per pupil expenditure data appear in Table 17. This 2002 report presents data on the financial activity of public elementary and secondary school systems. Related data on public school system employment are available in Volume 3 of the 2002 Census of Governments and in annual reports. Information for higher and other education systems can be found in separate annual and census of government reports that focus on the finances of states, counties, cities and towns, and government finances in general.