School district · Clare County, MI

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

In the latest recorded fiscal year (ended June 30, 2024), Mid Michigan Community College took in $27.3 million and spent $28.5 million.

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

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Where it comes from

State tax money35%Fees for services (college tuition, university housing and dining)34%School district taxes16%Federal tax money9.9%Fines and other4.9%

What stands out

34%

of Mid Michigan Community College's money comes from fees for services such as water, sewer and parking.A typical community or technical college district gets 21%.

School district taxes16%

Property tax
16%$4.4 million

Fees for services34%

Fees for services
34%$9.3 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$9.2 million
  • University housing and dining$88 thousand

Amounts are by Census type of charge.

Federal tax money9.9%

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

From the federal government
9.9%$2.7 million

State tax money35%

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

From the state
35%$9.5 million

Fines and other4.9%

Interest, rents and other
4.9%$1.3 million

Where it goes

Schools and colleges100%Interest on debt0.4%

Spending by category100%

Schools and colleges
100%$28.4 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$24.0 million
  • Scholarships and other education subsidies$4.3 million
  • College housing, dining and bookstores$60 thousand
Interest on debt
0.4%$113 thousand
Sources and moreWhere these numbers come from and what they cover

Mid Michigan 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 Mid Michigan 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.