School district · Livingston County, IL

Cornell Community Consolidated School District 426's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Cornell Community Consolidated School District 426 took in $2.1 million and spent $2.4 million.

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

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Where it comes from

School district taxes53%State tax money38%County and local tax money3.9%Fines and other2.6%Federal tax money1.5%Fees for services (school lunches)1.0%

What stands out

53%

of Cornell Community Consolidated School District 426's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes53%

Property tax
53%$1.1 million

Fees for services1.0%

Fees for services
1.0%$20 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$16 thousand
  • Other school charges$4 thousand

Amounts are by Census type of charge.

Federal tax money1.5%

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

From the federal government
1.5%$32 thousand

State tax money38%

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

From the state
38%$792 thousand

County and local tax money3.9%

Money passed on by the county or other local governments.

From the county and other local governments
3.9%$81 thousand

Fines and other2.6%

Interest, rents and other
2.6%$55 thousand

Where it goes

Schools and colleges87%Sent to other local governments13%

What stands out

13%

of Cornell Community Consolidated School District 426's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
87%$2.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$2.0 million
Sent to other local governments
13%$301 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$301 thousand
Sources and moreWhere these numbers come from and what they cover

Cornell Community Consolidated School District 426. 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 Cornell Community Consolidated School District 426 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.