Township government · Iosco County, MI

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

In the latest recorded fiscal year (ended March 31, 2022), Sherman Township took in $166 thousand and spent $139 thousand.

Latest recorded year: ended March 31, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Township taxes40%State tax money36%Fees for services22%Fines and other1.8%

What stands out

22%

of Sherman Township's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Township taxes40%

Property tax
40%$67 thousand

Fees for services22%

Fees for services
22%$36 thousand
What's in fees for servicesOther service charges
  • Other service charges$36 thousand

Amounts are by Census type of charge.

State tax money36%

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

From the state
36%$60 thousand

Fines and other1.8%

Interest, rents and other
1.8%$3 thousand

Where it goes

Running the government and other costs50%Police, fire, courts and jails31%Roads, transit and parking15%Sent to other local governments3.6%

What stands out

31%

of Sherman Township's spending goes to police, fire, courts and jails.A typical U.S. township or town of under 10,000 people spends 6.7%.

Spending by category100%

Running the government and other costs
50%$70 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$31 thousand
  • Finance, tax collection and budgeting$18 thousand
  • Other and not broken out$18 thousand
  • Government buildings$3 thousand
Police, fire, courts and jails
31%$43 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$41 thousand
  • Courts and legal services$2 thousand
Roads, transit and parking
15%$21 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$21 thousand
Sent to other local governments
3.6%$5 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$5 thousand
Sources and moreWhere these numbers come from and what they cover

Sherman Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Sherman 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.