School district · Dickinson County, MI

Iron Mountain Public Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Iron Mountain Public Schools took in $18.0 million and spent $12.7 million.

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

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Where it comes from

State tax money52%Fines and other25%School district taxes16%County and local tax money3.6%Fees for services (school tuition and transportation, school lunches)3.1%

What stands out

25%

of Iron Mountain Public Schools' money comes from interest, rents and other revenue.A typical school district with fewer than 5,000 students gets 3.2%.

School district taxes16%

Property tax
16%$2.9 million

Fees for services3.1%

Fees for services
3.1%$554 thousand
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$525 thousand
  • School tuition and transportation$22 thousand
  • School lunches$7 thousand

Amounts are by Census type of charge.

State tax money52%

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

From the state
52%$9.4 million

County and local tax money3.6%

Money passed on by the county or other local governments.

From the county and other local governments
3.6%$657 thousand

Fines and other25%

Interest, rents and other
25%$4.5 million

Where it goes

Schools and colleges98%Interest on debt1.3%Sent to other local governments1.0%

Spending by category100%

Schools and colleges
98%$12.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$12.4 million
Interest on debt
1.3%$166 thousand
Sent to other local governments
1.0%$125 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$125 thousand
Sources and moreWhere these numbers come from and what they cover

Iron Mountain Public 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 Iron Mountain Public 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.