School district · Whiteside County, IL

Montmorency School District 145's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Montmorency School District 145 took in $4.1 million and spent $4.5 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money49%School district taxes44%County and local tax money4.0%Fines and other1.8%Fees for services (school lunches)0.9%Federal tax money0.2%

What stands out

44%

of Montmorency School District 145's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes44%

Property tax
44%$1.8 million

Fees for services0.9%

Fees for services
0.9%$35 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$21 thousand
  • Other school charges$14 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$8 thousand

State tax money49%

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

From the state
49%$2.0 million

County and local tax money4.0%

Money passed on by the county or other local governments.

From the county and other local governments
4.0%$161 thousand

Fines and other1.8%

Interest, rents and other
1.8%$73 thousand

Where it goes

Schools and colleges95%Sent to other local governments3.8%Interest on debt1.0%

Spending by category100%

Schools and colleges
95%$4.3 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$4.3 million
Sent to other local governments
3.8%$170 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$170 thousand
Interest on debt
1.0%$46 thousand
Sources and moreWhere these numbers come from and what they cover

Montmorency School District 145. 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 Montmorency School District 145 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.