School district · Cerro Gordo County, IA

North Iowa Area Community College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), North Iowa Area Community College took in $54.5 million and spent $65.6 million.

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

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Where it comes from

Fees for services (college tuition, university housing and dining)40%State tax money26%School district taxes20%Fines and other11%Federal tax money3.3%

What stands out

40%

of North Iowa Area Community College's money comes from fees for services such as water, sewer and parking.A typical community or technical college district gets 21%.

School district taxes20%

Property tax

20%$10.7 million

Fees for services40%

Fees for services

40%$21.7 million

What's in fees for servicesCollege tuition and university housing and dining

College tuition$15.6 million
University housing and dining$6.2 million

Amounts are by Census type of charge.

Federal tax money3.3%

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

From the federal government

3.3%$1.8 million

State tax money26%

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

From the state

26%$14.1 million

Fines and other11%

Interest, rents and other

11%$6.1 million

Where it goes

Schools and colleges98%Interest on debt2.5%

Spending by category100%

Schools and colleges

98%$64.0 million

What's in schools and collegesColleges and universities; college housing, dining and bookstores and 1 more

Colleges and universities$51.1 million
College housing, dining and bookstores$9.2 million
Scholarships and other education subsidies$3.7 million

Interest on debt

2.5%$1.6 million

Sources and moreWhere these numbers come from and what they cover

North Iowa Area Community College. 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 North Iowa Area Community College 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.