School district · Jasper County, IA

Colfax-Mingo Community School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Colfax-Mingo Community School District took in $13.2 million and spent $13.3 million.

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

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Where it comes from

State tax money55%School district taxes38%County and local tax money3.6%Fees for services (school lunches, school tuition and transportation)1.6%Fines and other1.5%

What stands out

5.7%

of Colfax-Mingo Community School District's money comes from taxes other than property, sales and income taxes.Most school districts with fewer than 5,000 students get none.

School district taxes38%

Property tax
32%$4.2 million
Other taxes
5.7%$749 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$744 thousand
  • Other taxes not classified elsewhere$5 thousand

Amounts are by Census tax category.

Individual income tax
0.4%$58 thousand

Fees for services1.6%

Fees for services
1.6%$213 thousand
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$138 thousand
  • Other school charges$57 thousand
  • School tuition and transportation$18 thousand

Amounts are by Census type of charge.

State tax money55%

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

From the state
55%$7.3 million

County and local tax money3.6%

Money passed on by the county or other local governments.

From the county and other local governments
3.6%$475 thousand

Fines and other1.5%

Interest, rents and other
1.5%$192 thousand

Where it goes

Schools and colleges89%Sent to other local governments8.2%Interest on debt3.3%

What stands out

8.2%

of Colfax-Mingo Community School District's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
89%$11.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$11.8 million
Sent to other local governments
8.2%$1.1 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$1.1 million
Interest on debt
3.3%$435 thousand
Sources and moreWhere these numbers come from and what they cover

Colfax-Mingo Community School District. 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 Colfax-Mingo Community School District 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.