City government · Lincoln County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Lake Benton took in $1.4 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 (sewer, water)41%State tax money24%City taxes19%Federal tax money12%Fines and other4.0%

What stands out

12%

of Lake Benton's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes19%

Property tax
19%$264 thousand
Other taxes
0.4%$6 thousand
What's in other taxesOther licenses
  • Other licenses$6 thousand

Amounts are by Census tax category.

Fees for services41%

Fees for services
41%$574 thousand
What's in fees for servicesSewer; water and 3 more
  • Sewer$244 thousand
  • Water$182 thousand
  • Other service charges$90 thousand
  • Garbage collection$48 thousand
  • Parks and recreation$10 thousand

Amounts are by Census type of charge.

Federal tax money12%

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

From the federal government
12%$166 thousand

State tax money24%

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

From the state
24%$336 thousand

Fines and other4.0%

Interest, rents and other
3.9%$54 thousand
Fines
0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities43%Roads, transit and parking16%Housing and community development12%Running the government and other costs11%Police, fire, courts and jails8.3%All other spending10%

What stands out

12%

of Lake Benton's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
43%$681 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$342 thousand
  • Water supply$293 thousand
  • Garbage and solid waste$46 thousand
Roads, transit and parking
16%$254 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$254 thousand
Housing and community development
12%$185 thousand
Running the government and other costs
11%$169 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$89 thousand
  • Finance, tax collection and budgeting$44 thousand
  • Central staff services (personnel, purchasing, technology)$36 thousand
Police, fire, courts and jails
8.3%$132 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$70 thousand
  • Police$62 thousand
Parks, recreation and libraries
5.2%$83 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$48 thousand
  • Parks and recreation$35 thousand
Interest on debt
5.1%$81 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$43 thousand
  • Interest on water supply debt$38 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lake Benton. 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 Lake Benton 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.