School district · Boone County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Madrid Community School District took in $11.0 million and spent $10.3 million.

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

See every government that serves your ZIP

Where it comes from

State tax money63%School district taxes28%County and local tax money5.0%Fees for services (school lunches)2.4%Fines and other1.8%

What stands out

5%

of Madrid 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 taxes28%

Property tax
26%$2.9 million
Individual income tax
1.4%$159 thousand
Other taxes
0.6%$68 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$62 thousand
  • Other taxes not classified elsewhere$6 thousand

Amounts are by Census tax category.

Fees for services2.4%

Fees for services
2.4%$262 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$224 thousand
  • Other school charges$38 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%$5 thousand

State tax money63%

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

From the state
63%$6.9 million

County and local tax money5.0%

Money passed on by the county or other local governments.

From the county and other local governments
5.0%$554 thousand

Fines and other1.8%

Interest, rents and other
1.8%$194 thousand

Where it goes

Schools and colleges89%Sent to other local governments9.0%Interest on debt1.5%

What stands out

9%

of Madrid 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%$9.3 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$9.3 million
Sent to other local governments
9.0%$933 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$933 thousand
Interest on debt
1.5%$153 thousand
Sources and moreWhere these numbers come from and what they cover

Madrid 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 Madrid 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.