School district · Livingston County, IL

Flanagan Cornell School District 74's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Flanagan Cornell School District 74 took in $7.1 million and spent $8.6 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

School district taxes55%State tax money33%County and local tax money7.0%Fines and other2.4%Fees for services (school lunches)1.4%Federal tax money0.9%

What stands out

55%

of Flanagan Cornell School District 74's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes55%

Property tax

55%$3.9 million

Fees for services1.4%

Fees for services

1.4%$98 thousand

What's in fees for servicesOther school charges and school lunches

Other school charges$81 thousand
School lunches$17 thousand

Amounts are by Census type of charge.

Federal tax money0.9%

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

From the federal government

0.9%$65 thousand

State tax money33%

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

From the state

33%$2.3 million

County and local tax money7.0%

Money passed on by the county or other local governments.

From the county and other local governments

7.0%$494 thousand

Fines and other2.4%

Interest, rents and other

2.4%$172 thousand

Where it goes

Schools and colleges93%Sent to other local governments6.5%Interest on debt0.1%

What stands out

6.5%

of Flanagan Cornell School District 74'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

93%$8.1 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$8.1 million

Sent to other local governments

6.5%$563 thousand

What's in sent to other local governmentsSent to school districts

Sent to school districts$563 thousand

Interest on debt

0.1%$11 thousand

Sources and moreWhere these numbers come from and what they cover

Flanagan Cornell School District 74. 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 Flanagan Cornell School District 74 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.