School district · Knox County, IL

Galesburg Community Unit School District 205's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Galesburg Community Unit School District 205 took in $70.3 million and spent $75.6 million.

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

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Where it comes from

State tax money55%School district taxes36%Fines and other4.7%County and local tax money4.1%Fees for services (school lunches, school tuition and transportation)0.6%

What stands out

4.1%

of Galesburg Community Unit School District 205's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes36%

Property tax
36%$25.0 million

Fees for services0.6%

Fees for services
0.6%$452 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$261 thousand
  • School lunches$155 thousand
  • School tuition and transportation$36 thousand

Amounts are by Census type of charge.

State tax money55%

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

From the state
55%$38.7 million

County and local tax money4.1%

Money passed on by the county or other local governments.

From the county and other local governments
4.1%$2.9 million

Fines and other4.7%

Interest, rents and other
4.7%$3.3 million

Where it goes

Schools and colleges94%Interest on debt4.4%Sent to other local governments1.1%

What stands out

4.4%

of Galesburg Community Unit School District 205's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges
94%$71.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$71.4 million
Interest on debt
4.4%$3.4 million
Sent to other local governments
1.1%$864 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$864 thousand
Sources and moreWhere these numbers come from and what they cover

Galesburg Community Unit School District 205. 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 Galesburg Community Unit School District 205 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.