School district · Cass County, MI

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

In the latest recorded fiscal year (ended June 30, 2024), Southwestern Michigan College took in $27.0 million and spent $25.8 million.

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

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Where it comes from

State tax money36%Fees for services (college tuition, university housing and dining)30%School district taxes27%Federal tax money4.3%Fines and other2.5%

What stands out

27%

of Southwestern Michigan College's money comes from property tax.A typical community or technical college district gets 15%.

School district taxes27%

Property tax
27%$7.2 million

Fees for services30%

Fees for services
30%$8.1 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$6.4 million
  • University housing and dining$1.7 million

Amounts are by Census type of charge.

Federal tax money4.3%

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

From the federal government
4.3%$1.2 million

State tax money36%

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

From the state
36%$9.7 million

Fines and other2.5%

Interest, rents and other
2.5%$685 thousand

Where it goes

Schools and colleges97%Interest on debt2.8%

Spending by category100%

Schools and colleges
97%$25.1 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$19.5 million
  • Scholarships and other education subsidies$3.1 million
  • College housing, dining and bookstores$2.4 million
Interest on debt
2.8%$718 thousand
Sources and moreWhere these numbers come from and what they cover

Southwestern Michigan 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 Southwestern Michigan 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.