School district · Fulton County, IL

V I T Community Unit School District 2's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), V I T Community Unit School District 2 took in $7.8 million and spent $8.0 million.

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

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Where it comes from

School district taxes48%State tax money38%Fines and other7.8%Fees for services (school lunches)3.9%County and local tax money2.7%Federal tax money0.2%

What stands out

48%

of V I T Community Unit School District 2's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes48%

Property tax

48%$3.7 million

Fees for services3.9%

Fees for services

3.9%$305 thousand

What's in fees for servicesOther school charges and school lunches

Other school charges$300 thousand
School lunches$5 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%$19 thousand

State tax money38%

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

From the state

38%$2.9 million

County and local tax money2.7%

Money passed on by the county or other local governments.

From the county and other local governments

2.7%$209 thousand

Fines and other7.8%

Interest, rents and other

7.8%$608 thousand

Where it goes

Schools and colleges96%Sent to other local governments3.5%Interest on debt0.5%

Spending by category100%

Schools and colleges

96%$7.7 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$7.7 million

Sent to other local governments

3.5%$280 thousand

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

Sent to school districts$280 thousand

Interest on debt

0.5%$41 thousand

Sources and moreWhere these numbers come from and what they cover

V I T Community Unit School District 2. 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 V I T Community Unit School District 2 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.