School district · Montgomery County, AR

Mt. Ida School District 20's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Mt. Ida School District 20 took in $6.9 million and spent $7.2 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money79%School district taxes12%Fees for services (school lunches)3.5%Federal tax money3.2%Fines and other2.4%County and local tax money<0.1%

What stands out

12%

of Mt. Ida School District 20's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes12%

Property tax
12%$818 thousand

Fees for services3.5%

Fees for services
3.5%$243 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$173 thousand
  • School lunches$70 thousand

Amounts are by Census type of charge.

Federal tax money3.2%

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

From the federal government
3.2%$219 thousand

State tax money79%

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

From the state
79%$5.5 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%$4 thousand

Fines and other2.4%

Interest, rents and other
2.4%$165 thousand

Where it goes

Schools and colleges97%Sent to other local governments2.1%Interest on debt0.6%

Spending by category100%

Schools and colleges
97%$7.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$7.0 million
Sent to other local governments
2.1%$148 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$125 thousand
  • Sent to the state government$23 thousand
Interest on debt
0.6%$41 thousand
Sources and moreWhere these numbers come from and what they cover

Mt. Ida School District 20. 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 Mt. Ida School District 20 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.