School district · Ionia County, MI

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

In the latest recorded fiscal year (ended June 30, 2024), Lakewood Public Schools took in $26.3 million and spent $23.7 million.

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

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Where it comes from

State tax money77%School district taxes17%Fees for services (school lunches)2.6%County and local tax money2.2%Fines and other1.2%

What stands out

77%

of Lakewood Public Schools' money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes17%

Property tax

17%$4.5 million

Fees for services2.6%

Fees for services

2.6%$697 thousand

What's in fees for servicesOther school charges and school lunches

Other school charges$618 thousand
School lunches$79 thousand

Amounts are by Census type of charge.

State tax money77%

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

From the state

77%$20.3 million

County and local tax money2.2%

Money passed on by the county or other local governments.

From the county and other local governments

2.2%$570 thousand

Fines and other1.2%

Interest, rents and other

1.2%$322 thousand

Where it goes

Schools and colleges93%Sent to other local governments4.1%Interest on debt2.9%

What stands out

93%

of Lakewood Public Schools' spending goes to schools and colleges.A typical school district with fewer than 5,000 students spends 97%.

Spending by category100%

Schools and colleges

93%$22.0 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$22.0 million

Sent to other local governments

4.1%$974 thousand

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

Sent to school districts$974 thousand

Interest on debt

2.9%$687 thousand

Sources and moreWhere these numbers come from and what they cover

Lakewood 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 Lakewood 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.