Township government · Houghton County, MI

Torch Lake Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Torch Lake Township took in $1.3 million and spent $1.1 million.

Latest recorded year: ended March 31, 2022Comes fromGoes to

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Where it comes from

Township taxes29%Federal tax money27%State tax money17%Fees for services (garbage collection, water)17%County and local tax money6.4%Fines and other2.8%

What stands out

27%

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

Township taxes29%

Property tax
29%$372 thousand
Other taxes
0.5%$6 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$5 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services17%

Fees for services
17%$215 thousand
What's in fees for servicesGarbage collection; other service charges and 1 more
  • Garbage collection$197 thousand
  • Other service charges$10 thousand
  • Water$8 thousand

Amounts are by Census type of charge.

Federal tax money27%

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

From the federal government
27%$352 thousand

State tax money17%

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

From the state
17%$224 thousand

County and local tax money6.4%

Money passed on by the county or other local governments.

From the county and other local governments
6.4%$83 thousand

Fines and other2.8%

Interest, rents and other
2.8%$36 thousand

Where it goes

Police, fire, courts and jails33%Water, sewer, trash and utilities27%Running the government and other costs21%Roads, transit and parking18%Parks, recreation and libraries0.5%Interest on debt0.3%

What stands out

27%

of Torch Lake Township's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
33%$364 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$362 thousand
  • Courts and legal services$1 thousand
  • Police$1 thousand
Water, sewer, trash and utilities
27%$300 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$300 thousand
Running the government and other costs
21%$233 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$91 thousand
  • Finance, tax collection and budgeting$74 thousand
  • Central staff services (personnel, purchasing, technology)$43 thousand
  • Government buildings$25 thousand
Roads, transit and parking
18%$204 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$204 thousand
Parks, recreation and libraries
0.5%$5 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5 thousand
Interest on debt
0.3%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Torch Lake Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Torch Lake 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.