Township government · Leelanau County, MI

Bingham Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Bingham Township took in $493 thousand and spent $297 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

State tax money58%Federal tax money23%Township taxes11%Fines and other7.1%Fees for services1.6%

What stands out

23%

of Bingham Township's money comes from federal tax money.Most U.S. townships and towns of under 10,000 people get none.

Township taxes11%

Property tax
10%$50 thousand
Other taxes
1.0%$5 thousand
What's in other taxesOther licenses
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services1.6%

Fees for services
1.6%$8 thousand
What's in fees for servicesOther service charges
  • Other service charges$8 thousand

Amounts are by Census type of charge.

Federal tax money23%

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

From the federal government
23%$111 thousand

State tax money58%

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

From the state
58%$284 thousand

Fines and other7.1%

Interest, rents and other
7.1%$35 thousand

Where it goes

Running the government and other costs96%Parks, recreation and libraries4.0%

What stands out

96%

of Bingham Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Running the government and other costs
96%$285 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$139 thousand
  • Other and not broken out$61 thousand
  • Finance, tax collection and budgeting$56 thousand
  • Government buildings$29 thousand
Parks, recreation and libraries
4.0%$12 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$12 thousand
Sources and moreWhere these numbers come from and what they cover

Bingham Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Bingham Township 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.