School district · Kane County, IL

Elgin Community College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Elgin Community College took in $150 million and spent $119 million.

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

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Where it comes from

School district taxes45%State tax money20%Fees for services (college tuition, university housing and dining)17%Federal tax money12%Fines and other4.7%County and local tax money1.5%

What stands out

45%

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

School district taxes45%

Property tax
45%$67.4 million

Fees for services17%

Fees for services
17%$25.8 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$21.4 million
  • University housing and dining$4.4 million

Amounts are by Census type of charge.

Federal tax money12%

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

From the federal government
12%$17.4 million

State tax money20%

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

From the state
20%$29.9 million

County and local tax money1.5%

Money passed on by the county or other local governments.

From the county and other local governments
1.5%$2.3 million

Fines and other4.7%

Interest, rents and other
4.7%$7.1 million

Where it goes

Schools and colleges100%

Spending by category100%

Schools and colleges
100%$119 million
What's in schools and collegesColleges and universities; college housing, dining and bookstores and 1 more
  • Colleges and universities$111 million
  • College housing, dining and bookstores$5.8 million
  • Scholarships and other education subsidies$2.1 million
Sources and moreWhere these numbers come from and what they cover

Elgin Community 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 Elgin Community 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.