School district · McCormick County, SC

McCormick County School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), McCormick County School District took in $18.9 million and spent $19.1 million.

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

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Where it comes from

State tax money64%School district taxes31%Fines and other3.7%Fees for services (school lunches)0.9%County and local tax money0.4%

What stands out

31%

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

School district taxes31%

Property tax
31%$5.9 million

Fees for services0.9%

Fees for services
0.9%$162 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$148 thousand
  • School lunches$14 thousand

Amounts are by Census type of charge.

State tax money64%

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

From the state
64%$12.0 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$69 thousand

Fines and other3.7%

Interest, rents and other
3.7%$691 thousand

Where it goes

Schools and colleges100%Interest on debt0.3%

What stands out

100%

of McCormick County School District's spending goes to schools and colleges.A typical school district with fewer than 5,000 students spends 97%.

Spending by category100%

Schools and colleges
100%$19.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$19.0 million
Interest on debt
0.3%$52 thousand
Sent to other local governments
<0.1%$8 thousand
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$7 thousand
  • Sent to school districts$1 thousand
Sources and moreWhere these numbers come from and what they cover

McCormick County 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 McCormick County 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.