School district · Cedar County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Tipton Community School District took in $15.1 million and spent $15.6 million.

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

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Where it comes from

State tax money56%School district taxes33%County and local tax money4.9%Fines and other2.9%Fees for services (school lunches)2.5%

What stands out

4.7%

of Tipton Community School District's money comes from a personal income tax.Most school districts with fewer than 5,000 students get none.

School district taxes33%

Property tax

29%$4.3 million

Individual income tax

4.7%$709 thousand

Other taxes

0.3%$43 thousand

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

Public utility taxes$40 thousand
Other taxes not classified elsewhere$3 thousand

Amounts are by Census tax category.

Fees for services2.5%

Fees for services

2.5%$382 thousand

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

School lunches$264 thousand
Other school charges$118 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%$8.5 million

County and local tax money4.9%

Money passed on by the county or other local governments.

From the county and other local governments

4.9%$735 thousand

Fines and other2.9%

Interest, rents and other

2.9%$438 thousand

Where it goes

Schools and colleges95%Sent to other local governments4.3%Interest on debt1.2%

Spending by category100%

Schools and colleges

95%$14.8 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$14.8 million

Sent to other local governments

4.3%$665 thousand

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

Sent to school districts$665 thousand

Interest on debt

1.2%$188 thousand

Sources and moreWhere these numbers come from and what they cover

Tipton 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 Tipton 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.