School district · Lee County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Fort Madison Community School District took in $34.5 million and spent $46.1 million.

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

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Where it comes from

State tax money65%School district taxes29%Fines and other4.0%County and local tax money1.1%Fees for services (school lunches)1.0%Federal tax money0.3%

What stands out

65%

of Fort Madison Community School District's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes29%

Property tax

24%$8.4 million

Other taxes

3.0%$1.0 million

What's in other taxesPublic utility taxes and other taxes not classified elsewhere

Public utility taxes$1.0 million
Other taxes not classified elsewhere$7 thousand

Amounts are by Census tax category.

Individual income tax

1.7%$575 thousand

Fees for services1.0%

Fees for services

1.0%$345 thousand

What's in fees for servicesSchool lunches and other school charges

School lunches$305 thousand
Other school charges$40 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government

0.3%$100 thousand

State tax money65%

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

From the state

65%$22.3 million

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments

1.1%$376 thousand

Fines and other4.0%

Interest, rents and other

4.0%$1.4 million

Where it goes

Schools and colleges91%Sent to other local governments7.5%Interest on debt2.0%

What stands out

7.5%

of Fort Madison 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

91%$41.7 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$41.7 million

Sent to other local governments

7.5%$3.5 million

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

Sent to school districts$3.5 million

Interest on debt

2.0%$901 thousand

Sources and moreWhere these numbers come from and what they cover

Fort Madison 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 Fort Madison 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.