School district · Oakland County, MI

Bloomfield Hills Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Bloomfield Hills Schools took in $157 million and spent $193 million.

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

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Where it comes from

State tax money42%School district taxes31%County and local tax money15%Fines and other6.1%Fees for services (school tuition and transportation, school lunches)5.2%Federal tax money0.1%

What stands out

15%

of Bloomfield Hills Schools' money comes from county and other local tax money.A typical school district with 5,000 to 25,000 students gets 1%.

School district taxes31%

Property tax
31%$49.4 million

Fees for services5.2%

Fees for services
5.2%$8.1 million
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$7.1 million
  • School tuition and transportation$670 thousand
  • School lunches$320 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$175 thousand

State tax money42%

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

From the state
42%$66.2 million

County and local tax money15%

Money passed on by the county or other local governments.

From the county and other local governments
15%$23.5 million

Fines and other6.1%

Interest, rents and other
6.1%$9.6 million

Where it goes

Schools and colleges89%Sent to other local governments6.6%Interest on debt4.4%

What stands out

6.6%

of Bloomfield Hills Schools' spending goes to local governments.Most school districts with 5,000 to 25,000 students spend nothing on this.

Spending by category100%

Schools and colleges
89%$172 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$172 million
Sent to other local governments
6.6%$12.7 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$12.7 million
Interest on debt
4.4%$8.6 million
Sources and moreWhere these numbers come from and what they cover

Bloomfield Hills Schools. 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 Bloomfield Hills Schools 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.