School district · Hancock County, IA

West Hancock School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), West Hancock School District took in $9.5 million and spent $9.1 million.

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

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Where it comes from

State tax money52%School district taxes38%County and local tax money4.0%Fines and other2.6%Fees for services (school lunches, school tuition and transportation)1.8%Federal tax money1.6%

What stands out

34%

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

School district taxes38%

Property tax

34%$3.3 million

Individual income tax

2.8%$266 thousand

Other taxes

0.8%$80 thousand

What's in other taxesPublic utility taxes

Public utility taxes$80 thousand

Amounts are by Census tax category.

Fees for services1.8%

Fees for services

1.8%$166 thousand

What's in fees for servicesSchool lunches; other school charges and 1 more

School lunches$127 thousand
Other school charges$20 thousand
School tuition and transportation$19 thousand

Amounts are by Census type of charge.

Federal tax money1.6%

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

From the federal government

1.6%$150 thousand

State tax money52%

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

From the state

52%$4.9 million

County and local tax money4.0%

Money passed on by the county or other local governments.

From the county and other local governments

4.0%$376 thousand

Fines and other2.6%

Interest, rents and other

2.6%$242 thousand

Where it goes

Schools and colleges95%Sent to other local governments5.3%Interest on debt0.1%

What stands out

5.3%

of West Hancock 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

95%$8.6 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$8.6 million

Sent to other local governments

5.3%$480 thousand

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

Sent to school districts$480 thousand

Interest on debt

0.1%$11 thousand

Sources and moreWhere these numbers come from and what they cover

West Hancock 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 West Hancock 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.