School district · Montgomery County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Red Oak Community School District took in $18.6 million and spent $16.8 million.

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

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Where it comes from

State tax money56%School district taxes36%Fines and other3.4%Fees for services (school tuition and transportation, school lunches)2.1%County and local tax money2.0%

What stands out

33%

of Red Oak Community School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes36%

Property tax
33%$6.1 million
Individual income tax
2.2%$416 thousand
Other taxes
0.9%$175 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$173 thousand
  • Other taxes not classified elsewhere$2 thousand

Amounts are by Census tax category.

Fees for services2.1%

Fees for services
2.1%$382 thousand
What's in fees for servicesSchool tuition and transportation; school lunches and 1 more
  • School tuition and transportation$201 thousand
  • School lunches$149 thousand
  • Other school charges$32 thousand

Amounts are by Census type of charge.

State tax money56%

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

From the state
56%$10.5 million

County and local tax money2.0%

Money passed on by the county or other local governments.

From the county and other local governments
2.0%$372 thousand

Fines and other3.4%

Interest, rents and other
3.4%$629 thousand

Where it goes

Schools and colleges87%Sent to other local governments8.3%Interest on debt4.2%

What stands out

8.3%

of Red Oak 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
87%$14.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$14.7 million
Sent to other local governments
8.3%$1.4 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$1.4 million
Interest on debt
4.2%$705 thousand
Sources and moreWhere these numbers come from and what they cover

Red Oak 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 Red Oak 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.