Village government · Antrim County, MI

Elk Rapids's money: where it comes from and where it goes

In the latest recorded fiscal year (ended February 28, 2024), Elk Rapids took in $6.6 million and spent $6.8 million.

Latest recorded year: ended February 28, 2024Comes fromGoes to

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Where it comes from

Fees for services (ports and waterways, sewer)54%Village taxes32%State tax money9.1%Fines and other4.9%

What stands out

32%

of Elk Rapids' money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes32%

Property tax
32%$2.1 million
Other taxes
0.2%$13 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$13 thousand

Amounts are by Census tax category.

Fees for services54%

Fees for services
54%$3.5 million
What's in fees for servicesPorts and waterways; sewer and 4 more
  • Ports and waterways$1.2 million
  • Sewer$1.1 million
  • Water$994 thousand
  • Housing$102 thousand
  • Other service charges$78 thousand
  • Garbage collection$28 thousand

Amounts are by Census type of charge.

State tax money9.1%

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

From the state
9.1%$600 thousand

Fines and other4.9%

Interest, rents and other
4.6%$301 thousand
Fines
0.3%$21 thousand

Where it goes

Running the government and other costs37%Roads, transit and parking26%Water, sewer, trash and utilities20%Police, fire, courts and jails7.9%Parks, recreation and libraries3.8%All other spending5.5%

What stands out

26%

of Elk Rapids' spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Running the government and other costs
37%$2.5 million
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$1.9 million
  • Central staff services (personnel, purchasing, technology)$648 thousand
Roads, transit and parking
26%$1.8 million
What's in roads, transit and parkingPorts and harbors and roads and highways
  • Ports and harbors$1.2 million
  • Roads and highways$580 thousand
Water, sewer, trash and utilities
20%$1.3 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$725 thousand
  • Water supply$444 thousand
  • Garbage and solid waste$163 thousand
Police, fire, courts and jails
7.9%$535 thousand
What's in police, fire, courts and jailsPolice
  • Police$535 thousand
Parks, recreation and libraries
3.8%$256 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$256 thousand
Interest on debt
3.3%$226 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$125 thousand
  • Interest on general debt$101 thousand
Health and hospitals
2.2%$148 thousand
What's in health and hospitalsPublic health
  • Public health$148 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Elk Rapids. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended February 28, 2024.

What this covers. The money of Village of Elk Rapids 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.