City government · Lyon County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Balaton took in $2.0 million and spent $1.6 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Fees for services (liquor stores, water)50%City taxes27%State tax money16%Fines and other4.8%Federal tax money2.8%

What stands out

27%

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

City taxes27%

Property tax
27%$532 thousand
Other taxes
0.1%$2 thousand
What's in other taxesOther licenses
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services50%

Fees for services
50%$981 thousand
What's in fees for servicesLiquor stores; water and 4 more
  • Liquor stores$412 thousand
  • Water$199 thousand
  • Sewer$159 thousand
  • Other service charges$116 thousand
  • Garbage collection$56 thousand
  • Parks and recreation$39 thousand

Amounts are by Census type of charge.

Federal tax money2.8%

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

From the federal government
2.8%$55 thousand

State tax money16%

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

From the state
16%$306 thousand

Fines and other4.8%

Interest, rents and other
4.8%$94 thousand

Where it goes

Water, sewer, trash and utilities44%Running the government and other costs21%Police, fire, courts and jails13%Roads, transit and parking8.2%Parks, recreation and libraries6.5%All other spending8.7%

What stands out

4.3%

of Balaton's spending goes to health services and hospitals.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
44%$681 thousand
What's in water, sewer, trash and utilitiesLiquor stores; water supply and 2 more
  • Liquor stores$402 thousand
  • Water supply$134 thousand
  • Sewer systems$95 thousand
  • Garbage and solid waste$50 thousand
Running the government and other costs
21%$321 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$238 thousand
  • Finance, tax collection and budgeting$63 thousand
  • Central staff services (personnel, purchasing, technology)$20 thousand
Police, fire, courts and jails
13%$196 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$123 thousand
  • Police$73 thousand
Roads, transit and parking
8.2%$128 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$128 thousand
Parks, recreation and libraries
6.5%$102 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$102 thousand
Health and hospitals
4.3%$67 thousand
What's in health and hospitalsPublic health
  • Public health$67 thousand
Interest on debt
4.3%$67 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$61 thousand
  • Interest on water supply debt$6 thousand
Housing and community development
0.1%$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Balaton. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Balaton 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.