Township government · Mille Lacs County, MN

Borgholm Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Borgholm Township took in $453 thousand and spent $297 thousand.

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

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Where it comes from

Township taxes66%Federal tax money21%State tax money8.6%Fines and other3.8%County and local tax money0.7%Fees for services0.4%

What stands out

21%

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

Township taxes66%

Property tax
65%$296 thousand
Other taxes
0.2%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services0.4%

Fees for services
0.4%$2 thousand
What's in fees for servicesOther service charges
  • Other service charges$2 thousand

Amounts are by Census type of charge.

Federal tax money21%

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

From the federal government
21%$95 thousand

State tax money8.6%

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

From the state
8.6%$39 thousand

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$3 thousand

Fines and other3.8%

Interest, rents and other
3.8%$17 thousand

Where it goes

Roads, transit and parking63%Running the government and other costs27%Police, fire, courts and jails7.4%Interest on debt2.0%

What stands out

63%

of Borgholm Township's spending goes to roads, transit and parking.A typical U.S. township or town of under 10,000 people spends 53%.

Spending by category100%

Roads, transit and parking
63%$188 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$188 thousand
Running the government and other costs
27%$81 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$42 thousand
  • Other and not broken out$39 thousand
Police, fire, courts and jails
7.4%$22 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$22 thousand
Interest on debt
2.0%$6 thousand
Sources and moreWhere these numbers come from and what they cover

Borgholm Township. 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 Borgholm 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.