School district · Iosco County, MI

Iosco Regional Educational Service Agency's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Iosco Regional Educational Service Agency took in $15.9 million and spent $13.2 million.

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

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Where it comes from

State tax money55%School district taxes20%County and local tax money17%Fines and other4.3%Fees for services (school tuition and transportation)3.2%Federal tax money0.2%

What stands out

20%

of Iosco Regional Educational Service Agency's money comes from property tax.Most vocational schools and education service agencies get none.

School district taxes20%

Property tax
20%$3.1 million

Fees for services3.2%

Fees for services
3.2%$518 thousand
What's in fees for servicesOther school charges and school tuition and transportation
  • Other school charges$487 thousand
  • School tuition and transportation$31 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$27 thousand

State tax money55%

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

From the state
55%$8.8 million

County and local tax money17%

Money passed on by the county or other local governments.

From the county and other local governments
17%$2.8 million

Fines and other4.3%

Interest, rents and other
4.3%$690 thousand

Where it goes

Schools and colleges88%Sent to other local governments12%Interest on debt<0.1%

What stands out

12%

of Iosco Regional Educational Service Agency's spending goes to local governments.Most vocational schools and education service agencies spend nothing on this.

Spending by category100%

Schools and colleges
88%$11.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$11.6 million
Sent to other local governments
12%$1.6 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$1.6 million
Interest on debt
<0.1%$7 thousand
Sources and moreWhere these numbers come from and what they cover

Iosco Regional Educational Service Agency. 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 Iosco Regional Educational Service Agency 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.