School district · Knox County, IL

Carl Sandburg College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Carl Sandburg College took in $25.8 million and spent $39.7 million.

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

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Where it comes from

School district taxes53%Fees for services (college tuition, university housing and dining)17%Fines and other13%State tax money9.9%Federal tax money4.1%County and local tax money2.5%

What stands out

53%

of Carl Sandburg College's money comes from property tax.A typical community or technical college district gets 15%.

School district taxes53%

Property tax
53%$13.7 million

Fees for services17%

Fees for services
17%$4.4 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$4.3 million
  • University housing and dining$45 thousand

Amounts are by Census type of charge.

Federal tax money4.1%

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

From the federal government
4.1%$1.1 million

State tax money9.9%

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

From the state
9.9%$2.6 million

County and local tax money2.5%

Money passed on by the county or other local governments.

From the county and other local governments
2.5%$648 thousand

Fines and other13%

Interest, rents and other
13%$3.4 million

Where it goes

Schools and colleges98%Interest on debt1.5%

Spending by category100%

Schools and colleges
98%$39.1 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$36.1 million
  • Scholarships and other education subsidies$2.0 million
  • College housing, dining and bookstores$1.0 million
Interest on debt
1.5%$615 thousand
Sources and moreWhere these numbers come from and what they cover

Carl Sandburg College. 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 Carl Sandburg College 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.