City government · Cottonwood County, MN

Bingham Lake's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Bingham Lake took in $269 thousand and spent $195 thousand.

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

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Where it comes from

City taxes51%Fees for services (water, parks and recreation)35%State tax money12%Federal tax money2.6%

What stands out

50%

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

City taxes51%

Property tax
50%$135 thousand
Other taxes
0.4%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services35%

Fees for services
35%$95 thousand
What's in fees for servicesWater; parks and recreation and 1 more
  • Water$99 thousand
  • Parks and recreation$2 thousand
  • Sewer-$6 thousand

Amounts are by Census type of charge.

Federal tax money2.6%

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

From the federal government
2.6%$7 thousand

State tax money12%

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

From the state
12%$31 thousand

Where it goes

Water, sewer, trash and utilities68%Running the government and other costs17%Parks, recreation and libraries6.7%Roads, transit and parking5.6%Police, fire, courts and jails3.1%

What stands out

68%

of Bingham Lake'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
68%$132 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$75 thousand
  • Sewer systems$55 thousand
  • Garbage and solid waste$2 thousand
Running the government and other costs
17%$33 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$13 thousand
  • Central staff services (personnel, purchasing, technology)$11 thousand
  • Other and not broken out$9 thousand
Parks, recreation and libraries
6.7%$13 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$13 thousand
Roads, transit and parking
5.6%$11 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$11 thousand
Police, fire, courts and jails
3.1%$6 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$5 thousand
  • Police$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Bingham Lake. 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 Bingham Lake 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.