School district · Linn County, IA

Mt. Vernon Community School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Mt. Vernon Community School District took in $24.8 million and spent $24.0 million.

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

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Where it comes from

State tax money44%School district taxes28%County and local tax money13%Fines and other8.8%Fees for services (school lunches)3.8%Federal tax money1.8%

What stands out

13%

of Mt. Vernon 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
25%$6.3 million
Individual income tax
2.5%$630 thousand
Other taxes
0.4%$92 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$86 thousand
  • Other taxes not classified elsewhere$6 thousand

Amounts are by Census tax category.

Fees for services3.8%

Fees for services
3.8%$953 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$594 thousand
  • Other school charges$359 thousand

Amounts are by Census type of charge.

Federal tax money1.8%

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

From the federal government
1.8%$449 thousand

State tax money44%

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

From the state
44%$10.9 million

County and local tax money13%

Money passed on by the county or other local governments.

From the county and other local governments
13%$3.3 million

Fines and other8.8%

Interest, rents and other
8.8%$2.2 million

Where it goes

Schools and colleges94%Sent to other local governments3.8%Interest on debt2.3%

Spending by category100%

Schools and colleges
94%$22.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$22.5 million
Sent to other local governments
3.8%$915 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$915 thousand
Interest on debt
2.3%$559 thousand
Sources and moreWhere these numbers come from and what they cover

Mt. Vernon 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 Mt. Vernon 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.