School district · Kalamazoo County, MI

Parchment School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Parchment School District took in $30.9 million and spent $31.0 million.

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

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Where it comes from

State tax money74%School district taxes12%County and local tax money8.2%Fines and other3.8%Fees for services (school lunches, school tuition and transportation)1.6%

What stands out

8.2%

of Parchment School District's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes12%

Property tax
12%$3.8 million

Fees for services1.6%

Fees for services
1.6%$507 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$472 thousand
  • School lunches$32 thousand
  • School tuition and transportation$3 thousand

Amounts are by Census type of charge.

State tax money74%

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

From the state
74%$22.8 million

County and local tax money8.2%

Money passed on by the county or other local governments.

From the county and other local governments
8.2%$2.5 million

Fines and other3.8%

Interest, rents and other
3.8%$1.2 million

Where it goes

Schools and colleges86%Interest on debt11%Sent to other local governments3.0%

What stands out

11%

of Parchment 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
86%$26.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$26.7 million
Interest on debt
11%$3.3 million
Sent to other local governments
3.0%$923 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$923 thousand
Sources and moreWhere these numbers come from and what they cover

Parchment 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 Parchment 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.