School district · Champaign County, IL

Gifford Community Consolidated School District 188's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Gifford Community Consolidated School District 188 took in $3.0 million and spent $2.8 million.

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

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Where it comes from

School district taxes56%State tax money35%County and local tax money5.7%Fines and other2.7%Fees for services (school lunches)1.4%

What stands out

56%

of Gifford Community Consolidated School District 188's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes56%

Property tax

56%$1.6 million

Fees for services1.4%

Fees for services

1.4%$42 thousand

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

School lunches$30 thousand
Other school charges$12 thousand

Amounts are by Census type of charge.

State tax money35%

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

From the state

35%$1.0 million

County and local tax money5.7%

Money passed on by the county or other local governments.

From the county and other local governments

5.7%$167 thousand

Fines and other2.7%

Interest, rents and other

2.7%$79 thousand

Where it goes

Schools and colleges100%Interest on debt0.2%Sent to other local governments0.2%

Spending by category100%

Schools and colleges

100%$2.8 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$2.8 million

Interest on debt

0.2%$7 thousand

Sent to other local governments

0.2%$7 thousand

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

Sent to school districts$7 thousand

Sources and moreWhere these numbers come from and what they cover

Gifford Community Consolidated School District 188. 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 Gifford Community Consolidated School District 188 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.