School district · Gogebic County, MI

Gogebic Community College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Gogebic Community College took in $12.1 million and spent $11.2 million.

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

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Where it comes from

State tax money53%Fees for services (college tuition, university housing and dining)20%School district taxes15%Fines and other5.4%Federal tax money5.2%County and local tax money0.2%

What stands out

53%

of Gogebic Community College's money comes from state tax money.A typical community or technical college district gets 33%.

School district taxes15%

Property tax
15%$1.8 million

Fees for services20%

Fees for services
20%$2.5 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$2.0 million
  • University housing and dining$495 thousand

Amounts are by Census type of charge.

Federal tax money5.2%

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

From the federal government
5.2%$634 thousand

State tax money53%

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

From the state
53%$6.5 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$26 thousand

Fines and other5.4%

Interest, rents and other
5.4%$655 thousand

Where it goes

Schools and colleges100%Interest on debt0.3%

Spending by category100%

Schools and colleges
100%$11.2 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$9.9 million
  • Scholarships and other education subsidies$1.2 million
  • College housing, dining and bookstores$110 thousand
Interest on debt
0.3%$29 thousand
Sources and moreWhere these numbers come from and what they cover

Gogebic Community College. 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 Gogebic Community College 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.