School district · Lake County, IL
Round Lake Area School District 116's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Round Lake Area School District 116 took in $143 million and spent $172 million.
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Where it comes from
What stands out
of Round Lake Area School District 116's money comes from state tax money.A typical school district with 5,000 to 25,000 students gets 59%.
School district taxes23%
Fees for services0.4%
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
- Other school charges$369 thousand
- School tuition and transportation$185 thousand
- School lunches$71 thousand
Amounts are by Census type of charge.
State tax money74%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other2.5%
Where it goes
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$167 million
What's in sent to other local governmentsSent to school districts
- Sent to school districts$4.7 million
Sources and moreWhere these numbers come from and what they cover
Round Lake Area School District 116. 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 Round Lake Area School District 116 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.