School district · Winnebago County, IL

South Beloit Community Unit School District 320's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), South Beloit Community Unit School District 320 took in $16.1 million and spent $21.2 million.

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

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Where it comes from

State tax money61%School district taxes34%Fines and other4.7%Fees for services (school lunches)0.3%County and local tax money<0.1%

What stands out

34%

of South Beloit Community Unit School District 320's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes34%

Property tax
34%$5.5 million

Fees for services0.3%

Fees for services
0.3%$54 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$50 thousand
  • School lunches$4 thousand

Amounts are by Census type of charge.

State tax money61%

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

From the state
61%$9.7 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$12 thousand

Fines and other4.7%

Interest, rents and other
4.7%$755 thousand

Where it goes

Schools and colleges98%Interest on debt1.4%Sent to other local governments0.8%

Spending by category100%

Schools and colleges
98%$20.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$20.8 million
Interest on debt
1.4%$287 thousand
Sent to other local governments
0.8%$173 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$173 thousand
Sources and moreWhere these numbers come from and what they cover

South Beloit Community Unit School District 320. 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 South Beloit Community Unit School District 320 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.