School district · Henry County, IL

Galva Community Unit School District 224's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Galva Community Unit School District 224 took in $7.9 million and spent $8.3 million.

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

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Where it comes from

School district taxes57%State tax money35%County and local tax money3.6%Fines and other3.0%Fees for services (school lunches)1.4%Federal tax money0.4%

What stands out

57%

of Galva Community Unit School District 224's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes57%

Property tax

57%$4.5 million

Fees for services1.4%

Fees for services

1.4%$111 thousand

What's in fees for servicesSchool lunches and other school charges

School lunches$61 thousand
Other school charges$50 thousand

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government

0.4%$33 thousand

State tax money35%

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

From the state

35%$2.7 million

County and local tax money3.6%

Money passed on by the county or other local governments.

From the county and other local governments

3.6%$287 thousand

Fines and other3.0%

Interest, rents and other

3.0%$240 thousand

Where it goes

Schools and colleges89%Sent to other local governments9.9%Interest on debt0.7%

What stands out

10%

of Galva Community Unit School District 224'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

89%$7.5 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$7.5 million

Sent to other local governments

9.9%$825 thousand

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

Sent to school districts$825 thousand

Interest on debt

0.7%$57 thousand

Sources and moreWhere these numbers come from and what they cover

Galva Community Unit School District 224. 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 Galva Community Unit School District 224 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.