School district · McHenry County, IL

Harvard Community Unit School District 50's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Harvard Community Unit School District 50 took in $53.7 million and spent $57.2 million.

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

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Where it comes from

State tax money62%School district taxes34%Fines and other3.4%Fees for services (school lunches)0.4%County and local tax money0.2%

What stands out

34%

of Harvard Community Unit School District 50's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes34%

Property tax

34%$18.3 million

Fees for services0.4%

Fees for services

0.4%$199 thousand

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

Other school charges$196 thousand
School lunches$3 thousand

Amounts are by Census type of charge.

State tax money62%

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

From the state

62%$33.2 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments

0.2%$129 thousand

Fines and other3.4%

Interest, rents and other

3.4%$1.8 million

Where it goes

Schools and colleges97%Sent to other local governments2.3%Interest on debt1.1%

Spending by category100%

Schools and colleges

97%$55.3 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$55.3 million

Sent to other local governments

2.3%$1.3 million

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

Sent to school districts$1.3 million

Interest on debt

1.1%$620 thousand

Sources and moreWhere these numbers come from and what they cover

Harvard Community Unit School District 50. 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 Harvard Community Unit School District 50 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.