School district · Missaukee County, MI

Lake City Area School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Lake City Area School District took in $20.2 million and spent $18.6 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

State tax money72%School district taxes23%Fees for services (school lunches, school tuition and transportation)2.8%County and local tax money1.7%Fines and other1.2%

What stands out

72%

of Lake City Area School District's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes23%

Property tax

23%$4.6 million

Fees for services2.8%

Fees for services

2.8%$558 thousand

What's in fees for servicesOther school charges; school lunches and 1 more

Other school charges$528 thousand
School lunches$23 thousand
School tuition and transportation$7 thousand

Amounts are by Census type of charge.

State tax money72%

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

From the state

72%$14.5 million

County and local tax money1.7%

Money passed on by the county or other local governments.

From the county and other local governments

1.7%$335 thousand

Fines and other1.2%

Interest, rents and other

1.2%$249 thousand

Where it goes

Schools and colleges94%Interest on debt4.5%Sent to other local governments1.9%

What stands out

4.5%

of Lake City Area School District's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges

94%$17.4 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$17.4 million

Interest on debt

4.5%$847 thousand

Sent to other local governments

1.9%$356 thousand

What's in sent to other local governmentsSent to school districts

Sent to school districts$356 thousand

Sources and moreWhere these numbers come from and what they cover

Lake City Area 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 Lake City Area 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.