City government · Iron County, MI

Caspian's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Caspian took in $2.0 million and spent $1.6 million.

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

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Where it comes from

Fines and other31%Fees for services (sewer, water)31%State tax money24%City taxes14%County and local tax money0.4%

What stands out

31%

of Caspian's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

City taxes14%

Property tax
14%$278 thousand

Fees for services31%

Fees for services
31%$602 thousand
What's in fees for servicesSewer; water and 1 more
  • Sewer$292 thousand
  • Water$221 thousand
  • Other service charges$89 thousand

Amounts are by Census type of charge.

State tax money24%

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

From the state
24%$471 thousand

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$7 thousand

Fines and other31%

Interest, rents and other
31%$613 thousand
Fines
<0.1%$1 thousand

Where it goes

Running the government and other costs30%Water, sewer, trash and utilities23%Roads, transit and parking21%Police, fire, courts and jails12%Parks, recreation and libraries11%Interest on debt3.0%

What stands out

11%

of Caspian's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Running the government and other costs
30%$474 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)$232 thousand
  • Other and not broken out$134 thousand
  • Finance, tax collection and budgeting$79 thousand
  • Government buildings$29 thousand
Water, sewer, trash and utilities
23%$368 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$295 thousand
  • Garbage and solid waste$73 thousand
Roads, transit and parking
21%$338 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$338 thousand
Police, fire, courts and jails
12%$195 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$99 thousand
  • Police$83 thousand
  • Courts and legal services$13 thousand
Parks, recreation and libraries
11%$171 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$171 thousand
Interest on debt
3.0%$47 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$26 thousand
  • Interest on general debt$21 thousand
Sources and moreWhere these numbers come from and what they cover

City of Caspian. 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 City of Caspian 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.