School district · Black Hawk County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Waterloo Community School District took in $177 million and spent $187 million.

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

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Where it comes from

State tax money74%School district taxes21%Fines and other2.5%Federal tax money1.1%County and local tax money0.8%Fees for services (school lunches)0.1%

What stands out

74%

of Waterloo Community School District's money comes from state tax money.A typical school district with 5,000 to 25,000 students gets 59%.

School district taxes21%

Property tax
21%$36.8 million
Other taxes
0.7%$1.3 million
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$1.2 million
  • Other taxes not classified elsewhere$53 thousand

Amounts are by Census tax category.

Fees for services0.1%

Fees for services
0.1%$202 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$121 thousand
  • Other school charges$81 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government
1.1%$2.0 million

State tax money74%

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

From the state
74%$131 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$1.5 million

Fines and other2.5%

Interest, rents and other
2.5%$4.4 million

Where it goes

Schools and colleges95%Sent to other local governments3.4%Interest on debt1.2%

Spending by category100%

Schools and colleges
95%$178 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$178 million
Sent to other local governments
3.4%$6.4 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$6.4 million
Interest on debt
1.2%$2.3 million
Sources and moreWhere these numbers come from and what they cover

Waterloo 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 Waterloo 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.