School district · Fulton County, IL

Spoon River College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Spoon River College took in $20.0 million and spent $19.1 million.

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

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Where it comes from

School district taxes47%Fees for services (college tuition, university housing and dining)25%State tax money11%Fines and other11%Federal tax money6.0%County and local tax money0.5%

What stands out

47%

of Spoon River College's money comes from property tax.A typical community or technical college district gets 15%.

School district taxes47%

Property tax
47%$9.3 million

Fees for services25%

Fees for services
25%$5.0 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$3.4 million
  • University housing and dining$1.6 million

Amounts are by Census type of charge.

Federal tax money6.0%

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

From the federal government
6.0%$1.2 million

State tax money11%

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

From the state
11%$2.2 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$96 thousand

Fines and other11%

Interest, rents and other
11%$2.2 million

Where it goes

Schools and colleges96%Interest on debt3.9%

What stands out

3.9%

of Spoon River College's spending goes to interest on debt.Most community and technical college districts spend nothing on this.

Spending by category100%

Schools and colleges
96%$18.4 million
What's in schools and collegesColleges and universities; college housing, dining and bookstores and 1 more
  • Colleges and universities$14.8 million
  • College housing, dining and bookstores$2.0 million
  • Scholarships and other education subsidies$1.6 million
Interest on debt
3.9%$740 thousand
Sources and moreWhere these numbers come from and what they cover

Spoon River College. 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 Spoon River College 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.