School district · Champaign County, IL

Tolono Community Unit School District 7's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Tolono Community Unit School District 7 took in $21.6 million and spent $26.1 million.

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

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Where it comes from

State tax money45%School district taxes42%County and local tax money8.6%Fees for services (school lunches)2.8%Fines and other2.2%

What stands out

8.6%

of Tolono Community Unit School District 7'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 taxes42%

Property tax

42%$9.0 million

Fees for services2.8%

Fees for services

2.8%$605 thousand

What's in fees for servicesSchool lunches and other school charges

School lunches$401 thousand
Other school charges$204 thousand

Amounts are by Census type of charge.

State tax money45%

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

From the state

45%$9.6 million

County and local tax money8.6%

Money passed on by the county or other local governments.

From the county and other local governments

8.6%$1.9 million

Fines and other2.2%

Interest, rents and other

2.2%$465 thousand

Where it goes

Schools and colleges95%Sent to other local governments3.6%Interest on debt1.1%

Spending by category100%

Schools and colleges

95%$24.8 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$24.8 million

Sent to other local governments

3.6%$931 thousand

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

Sent to school districts$931 thousand

Interest on debt

1.1%$292 thousand

Sources and moreWhere these numbers come from and what they cover

Tolono Community Unit School District 7. 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 Tolono Community Unit School District 7 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.