School district · Howard County, IN

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

In the latest recorded fiscal year (ended June 30, 2024), Kokomo School Corporation took in $92.2 million and spent $94.3 million.

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

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Where it comes from

State tax money74%School district taxes19%Fines and other4.3%County and local tax money2.0%Fees for services (school tuition and transportation, school lunches)0.8%

What stands out

74%

of Kokomo School Corporation's money comes from state tax money.A typical school district with 5,000 to 25,000 students gets 59%.

School district taxes19%

Property tax
19%$17.1 million

Fees for services0.8%

Fees for services
0.8%$765 thousand
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$456 thousand
  • Other school charges$180 thousand
  • School lunches$129 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 money74%

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

From the state
74%$68.5 million

County and local tax money2.0%

Money passed on by the county or other local governments.

From the county and other local governments
2.0%$1.8 million

Fines and other4.3%

Interest, rents and other
4.3%$4.0 million

Where it goes

Schools and colleges96%Interest on debt3.7%Sent to other local governments0.4%

Spending by category100%

Schools and colleges
96%$90.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$90.5 million
Interest on debt
3.7%$3.5 million
Sent to other local governments
0.4%$334 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$334 thousand
Sources and moreWhere these numbers come from and what they cover

Kokomo 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 Kokomo 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.