City government · Gogebic County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Wakefield took in $5.9 million and spent $6.0 million.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, sewer)58%State tax money26%City taxes10%Federal tax money2.3%Fines and other2.3%County and local tax money1.1%

What stands out

26%

of Wakefield's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes10%

Property tax
10%$598 thousand
Other taxes
0.1%$6 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$6 thousand

Amounts are by Census tax category.

Fees for services58%

Fees for services
58%$3.4 million
What's in fees for servicesElectric power; sewer and 5 more
  • Electric power$1.7 million
  • Sewer$535 thousand
  • Water$372 thousand
  • Other service charges$291 thousand
  • Garbage collection$213 thousand
  • Housing$199 thousand
  • Parks and recreation$45 thousand

Amounts are by Census type of charge.

Federal tax money2.3%

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

From the federal government
2.3%$137 thousand

State tax money26%

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

From the state
26%$1.5 million

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$64 thousand

Fines and other2.3%

Interest, rents and other
2.0%$119 thousand
Fines
0.3%$16 thousand

Where it goes

Running the government and other costs43%Water, sewer, trash and utilities20%Roads, transit and parking15%Housing and community development8.4%Parks, recreation and libraries4.1%All other spending9.9%

What stands out

8.4%

of Wakefield's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
43%$2.6 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$2.1 million
  • Central staff services (personnel, purchasing, technology)$249 thousand
  • Finance, tax collection and budgeting$160 thousand
  • Government buildings$41 thousand
Water, sewer, trash and utilities
20%$1.2 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$881 thousand
  • Garbage and solid waste$284 thousand
Roads, transit and parking
15%$908 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$908 thousand
Housing and community development
8.4%$503 thousand
Parks, recreation and libraries
4.1%$244 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$142 thousand
  • Libraries$102 thousand
Sent to other local governments
3.5%$210 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$138 thousand
  • Sent to the state government$72 thousand
Police, fire, courts and jails
3.3%$197 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$119 thousand
  • Fire protection$51 thousand
  • Courts and legal services$19 thousand
  • Inspections and regulation$8 thousand
Interest on debt
3.1%$184 thousand
Sources and moreWhere these numbers come from and what they cover

City of Wakefield. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 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 City of Wakefield 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.