School district · Henry County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), New London Community School District took in $9.5 million and spent $10.7 million.

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

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Where it comes from

State tax money60%School district taxes26%County and local tax money9.8%Fines and other2.2%Fees for services (school lunches)1.3%

What stands out

10%

of New London 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 taxes26%

Property tax

23%$2.2 million

Individual income tax

3.3%$319 thousand

Other taxes

0.1%$14 thousand

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

Public utility taxes$11 thousand
Other taxes not classified elsewhere$3 thousand

Amounts are by Census tax category.

Fees for services1.3%

Fees for services

1.3%$121 thousand

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

School lunches$95 thousand
Other school charges$26 thousand

Amounts are by Census type of charge.

State tax money60%

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

From the state

60%$5.8 million

County and local tax money9.8%

Money passed on by the county or other local governments.

From the county and other local governments

9.8%$932 thousand

Fines and other2.2%

Interest, rents and other

2.2%$211 thousand

Where it goes

Schools and colleges93%Sent to other local governments6.5%Interest on debt1.0%

What stands out

6.5%

of New London 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

93%$9.9 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$9.9 million

Sent to other local governments

6.5%$700 thousand

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

Sent to school districts$700 thousand

Interest on debt

1.0%$103 thousand

Sources and moreWhere these numbers come from and what they cover

New London 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 New London 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.