School district · Adams County, IA

Corning Community School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Corning Community School District took in $9.7 million and spent $11.8 million.

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

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Where it comes from

School district taxes47%State tax money34%County and local tax money11%Fines and other4.9%Fees for services (school lunches)2.5%Federal tax money0.4%

What stands out

11%

of Corning Community School District'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 taxes47%

Property tax
44%$4.3 million
Other taxes
1.4%$132 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$132 thousand

Amounts are by Census tax category.

Individual income tax
0.8%$81 thousand

Fees for services2.5%

Fees for services
2.5%$244 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$131 thousand
  • School lunches$113 thousand

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government
0.4%$40 thousand

State tax money34%

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

From the state
34%$3.3 million

County and local tax money11%

Money passed on by the county or other local governments.

From the county and other local governments
11%$1.1 million

Fines and other4.9%

Interest, rents and other
4.9%$476 thousand

Where it goes

Schools and colleges90%Sent to other local governments6.5%Interest on debt3.4%

What stands out

6.5%

of Corning 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
90%$10.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$10.6 million
Sent to other local governments
6.5%$772 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$772 thousand
Interest on debt
3.4%$406 thousand
Sources and moreWhere these numbers come from and what they cover

Corning 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 Corning 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.