School district · Champaign County, IL

Mahomet Community Unit School District 3's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Mahomet Community Unit School District 3 took in $50.1 million and spent $41.3 million.

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

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Where it comes from

School district taxes45%State tax money40%County and local tax money10%Fees for services (school lunches)2.4%Fines and other2.2%

What stands out

10%

of Mahomet Community Unit School District 3'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 taxes45%

Property tax

45%$22.4 million

Fees for services2.4%

Fees for services

2.4%$1.2 million

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

Other school charges$602 thousand
School lunches$601 thousand

Amounts are by Census type of charge.

State tax money40%

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

From the state

40%$20.2 million

County and local tax money10%

Money passed on by the county or other local governments.

From the county and other local governments

10%$5.2 million

Fines and other2.2%

Interest, rents and other

2.2%$1.1 million

Where it goes

Schools and colleges98%Interest on debt1.8%Sent to other local governments<0.1%

Spending by category100%

Schools and colleges

98%$40.6 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$40.6 million

Interest on debt

1.8%$743 thousand

Sent to other local governments

<0.1%$23 thousand

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

Sent to school districts$23 thousand

Sources and moreWhere these numbers come from and what they cover

Mahomet Community Unit School District 3. 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 Mahomet Community Unit School District 3 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.