School district · Clay County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Spencer Community School District took in $36.3 million and spent $35.0 million.

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

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Where it comes from

State tax money61%School district taxes27%County and local tax money7.0%Fines and other2.8%Fees for services (school lunches, school tuition and transportation)2.1%

What stands out

7%

of Spencer 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 taxes27%

Property tax
24%$8.8 million
Individual income tax
1.9%$685 thousand
Other taxes
0.6%$225 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$219 thousand
  • Other taxes not classified elsewhere$6 thousand

Amounts are by Census tax category.

Fees for services2.1%

Fees for services
2.1%$777 thousand
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$570 thousand
  • Other school charges$175 thousand
  • School tuition and transportation$32 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%$1 thousand

State tax money61%

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

From the state
61%$22.2 million

County and local tax money7.0%

Money passed on by the county or other local governments.

From the county and other local governments
7.0%$2.5 million

Fines and other2.8%

Interest, rents and other
2.8%$1.0 million

Where it goes

Schools and colleges95%Sent to other local governments3.5%Interest on debt1.7%

Spending by category100%

Schools and colleges
95%$33.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$33.2 million
Sent to other local governments
3.5%$1.2 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$1.2 million
Interest on debt
1.7%$601 thousand
Sources and moreWhere these numbers come from and what they cover

Spencer 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 Spencer 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.