School district · Vermilion County, IL
Danville Area Community College District 507's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Danville Area Community College District 507 took in $24.5 million and spent $32.6 million.
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Where it comes from
What stands out
of Danville Area Community College District 507's money comes from federal tax money.A typical community or technical college district gets 4.1%.
School district taxes25%
Fees for services26%
What's in fees for servicesCollege tuition and university housing and dining
- College tuition$4.8 million
- University housing and dining$1.5 million
Amounts are by Census type of charge.
Federal tax money11%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money31%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other7.7%
Where it goes
Spending by category100%
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
- Colleges and universities$23.8 million
- Scholarships and other education subsidies$5.6 million
- College housing, dining and bookstores$3.1 million
Sources and moreWhere these numbers come from and what they cover
Danville Area Community College District 507. 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 Danville Area Community College District 507 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.