City government · Lake County, MN

Beaver Bay's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Beaver Bay took in $1.3 million and spent $1.2 million.

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

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Where it comes from

Fees for services (liquor stores, water)63%City taxes27%Fines and other7.6%State tax money1.3%Federal tax money0.7%County and local tax money0.5%

What stands out

63%

of Beaver Bay's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes27%

Property tax
26%$330 thousand
Other taxes
1.0%$13 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$12 thousand
  • Public utility taxes$1 thousand

Amounts are by Census tax category.

Fees for services63%

Fees for services
63%$797 thousand
What's in fees for servicesLiquor stores; water and 3 more
  • Liquor stores$598 thousand
  • Water$168 thousand
  • Sewer$27 thousand
  • Other service charges$3 thousand
  • Other government-run businesses$1 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$9 thousand

State tax money1.3%

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

From the state
1.3%$16 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$6 thousand

Fines and other7.6%

Interest, rents and other
7.6%$97 thousand

Where it goes

Water, sewer, trash and utilities73%Running the government and other costs17%Roads, transit and parking7.1%Interest on debt2.0%Parks, recreation and libraries1.0%

What stands out

73%

of Beaver Bay's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
73%$911 thousand
What's in water, sewer, trash and utilitiesLiquor stores; sewer systems and 1 more
  • Liquor stores$581 thousand
  • Sewer systems$187 thousand
  • Water supply$143 thousand
Running the government and other costs
17%$211 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$139 thousand
  • Finance, tax collection and budgeting$63 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
  • Other government-run businesses$3 thousand
Roads, transit and parking
7.1%$89 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$89 thousand
Interest on debt
2.0%$25 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$13 thousand
  • Interest on general debt$12 thousand
Parks, recreation and libraries
1.0%$13 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$13 thousand
Sources and moreWhere these numbers come from and what they cover

City of Beaver Bay. 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 Beaver Bay 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.