School district · Gogebic County, MI
Watersmeet Township School District's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Watersmeet Township School District took in $5.4 million and spent $4.9 million.
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Where it comes from
What stands out
of Watersmeet Township School District's money comes from federal tax money.Most school districts with fewer than 5,000 students get none.
School district taxes45%
Fees for services1.2%
What's in fees for servicesOther school charges and school lunches
- Other school charges$57 thousand
- School lunches$6 thousand
Amounts are by Census type of charge.
Federal tax money28%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money20%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money2.2%
Money passed on by the county or other local governments.
Fines and other3.8%
Where it goes
What stands out
of Watersmeet Township School District's spending goes to schools and colleges.A typical school district with fewer than 5,000 students spends 97%.
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$4.9 million
What's in sent to other local governmentsSent to school districts
- Sent to school districts$7 thousand
Sources and moreWhere these numbers come from and what they cover
Watersmeet Township 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 Watersmeet Township 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.