School district · Montezuma County, CO

Montezuma-Cortez School District Re-1's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Montezuma-Cortez School District Re-1 took in $48.4 million and spent $42.2 million.

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

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Where it comes from

State tax money57%School district taxes34%Fines and other4.8%Federal tax money2.6%Fees for services (school lunches, school tuition and transportation)1.0%County and local tax money0.8%

What stands out

34%

of Montezuma-Cortez School District Re-1's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes34%

Property tax
34%$16.5 million

Fees for services1.0%

Fees for services
1.0%$500 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$431 thousand
  • School lunches$48 thousand
  • School tuition and transportation$21 thousand

Amounts are by Census type of charge.

Federal tax money2.6%

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

From the federal government
2.6%$1.3 million

State tax money57%

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

From the state
57%$27.5 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$391 thousand

Fines and other4.8%

Interest, rents and other
4.8%$2.3 million

Where it goes

Schools and colleges98%Sent to other local governments1.4%Interest on debt1.0%

Spending by category100%

Schools and colleges
98%$41.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$41.2 million
Sent to other local governments
1.4%$596 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$385 thousand
  • Sent to the state government$211 thousand
Interest on debt
1.0%$421 thousand
Sources and moreWhere these numbers come from and what they cover

Montezuma-Cortez School District Re-1. 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 Montezuma-Cortez School District Re-1 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.