City government · Sherburne County, MN

Elk River's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Elk River took in $102 million and spent $91.9 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Fees for services (electric power, liquor stores)66%City taxes23%Fines and other7.6%State tax money3.2%Federal tax money0.7%

What stands out

66%

of Elk River's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes23%

Property tax
16%$16.7 million
Sales tax
3.7%$3.8 million
Other taxes
2.6%$2.7 million
What's in other taxesPublic utility taxes; other licenses and 2 more
  • Public utility taxes$1.7 million
  • Other licenses$784 thousand
  • Occupation and business licenses$115 thousand
  • Alcoholic beverage licenses$78 thousand

Amounts are by Census tax category.

Fees for services66%

Fees for services
66%$66.9 million
What's in fees for servicesElectric power; liquor stores and 6 more
  • Electric power$45.4 million
  • Liquor stores$8.0 million
  • Sewer$4.5 million
  • Water$4.1 million
  • Parks and recreation$2.0 million
  • Garbage collection$1.9 million
  • Other service charges$993 thousand
  • Road charges$46 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%$731 thousand

State tax money3.2%

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

From the state
3.2%$3.2 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$41 thousand

Fines and other7.6%

Interest, rents and other
7.4%$7.6 million
Fines
0.2%$170 thousand

Where it goes

Water, sewer, trash and utilities60%Police, fire, courts and jails12%Roads, transit and parking11%Running the government and other costs6.9%Parks, recreation and libraries5.2%All other spending4.1%

What stands out

60%

of Elk River's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
60%$55.4 million
What's in water, sewer, trash and utilitiesElectric power; liquor stores and 3 more
  • Electric power$43.4 million
  • Liquor stores$4.1 million
  • Sewer systems$3.1 million
  • Water supply$3.1 million
  • Garbage and solid waste$1.7 million
Police, fire, courts and jails
12%$11.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$7.8 million
  • Fire protection$2.3 million
  • Inspections and regulation$698 thousand
  • Courts and legal services$289 thousand
Roads, transit and parking
11%$10.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$10.4 million
Running the government and other costs
6.9%$6.3 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 1 more
  • Central staff services (personnel, purchasing, technology)$3.1 million
  • Government buildings$2.5 million
  • Finance, tax collection and budgeting$734 thousand
Parks, recreation and libraries
5.2%$4.8 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$4.7 million
  • Libraries$140 thousand
Interest on debt
3.0%$2.7 million
What's in interest on debtInterest on general debt; interest on electric power debt and 1 more
  • Interest on general debt$1.9 million
  • Interest on electric power debt$811 thousand
  • Interest on water supply debt$36 thousand
Housing and community development
1.0%$931 thousand
Environment and natural resources
0.1%$129 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$129 thousand
Sources and moreWhere these numbers come from and what they cover

City of Elk River. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Elk River 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.