School district · Montgomery County, IL

Litchfield Community Unit School District 12's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Litchfield Community Unit School District 12 took in $29.2 million and spent $40.4 million.

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

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Where it comes from

State tax money66%School district taxes26%County and local tax money4.6%Fines and other2.5%Fees for services (school lunches, school tuition and transportation)1.0%

What stands out

4.6%

of Litchfield Community Unit School District 12'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 taxes26%

Property tax

26%$7.6 million

Fees for services1.0%

Fees for services

1.0%$285 thousand

What's in fees for servicesOther school charges; school lunches and 1 more

Other school charges$219 thousand
School lunches$57 thousand
School tuition and transportation$9 thousand

Amounts are by Census type of charge.

State tax money66%

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

From the state

66%$19.3 million

County and local tax money4.6%

Money passed on by the county or other local governments.

From the county and other local governments

4.6%$1.3 million

Fines and other2.5%

Interest, rents and other

2.5%$738 thousand

Where it goes

Schools and colleges95%Sent to other local governments2.3%Interest on debt2.2%

Spending by category100%

Schools and colleges

95%$38.6 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$38.6 million

Sent to other local governments

2.3%$933 thousand

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

Sent to school districts$933 thousand

Interest on debt

2.2%$888 thousand

Sources and moreWhere these numbers come from and what they cover

Litchfield Community Unit School District 12. 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 Litchfield Community Unit School District 12 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.