School district · Fountain County, IN

Covington Community School Corporation's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Covington Community School Corporation took in $16.6 million and spent $17.0 million.

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

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Where it comes from

State tax money48%County and local tax money19%School district taxes16%Fines and other15%Fees for services (school lunches, school tuition and transportation)1.5%

What stands out

19%

of Covington Community School Corporation'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 taxes16%

Property tax
16%$2.6 million

Fees for services1.5%

Fees for services
1.5%$241 thousand
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$198 thousand
  • Other school charges$41 thousand
  • School tuition and transportation$2 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$1 thousand

State tax money48%

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

From the state
48%$8.0 million

County and local tax money19%

Money passed on by the county or other local governments.

From the county and other local governments
19%$3.2 million

Fines and other15%

Interest, rents and other
15%$2.6 million

Where it goes

Schools and colleges90%Interest on debt5.1%Sent to other local governments4.7%

What stands out

5.1%

of Covington Community School Corporation's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges
90%$15.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$15.4 million
Interest on debt
5.1%$867 thousand
Sent to other local governments
4.7%$801 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$801 thousand
Sources and moreWhere these numbers come from and what they cover

Covington Community School Corporation. 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 Covington Community School Corporation 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.