City government · Blue Earth County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Madison Lake took in $3.0 million and spent $2.9 million.

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

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Where it comes from

City taxes41%Fees for services (sewer, water)39%Fines and other10%State tax money9.7%County and local tax money0.2%

What stands out

39%

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

City taxes41%

Property tax
39%$1.2 million
Other taxes
1.9%$56 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$33 thousand
  • Public utility taxes$23 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$1.2 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$448 thousand
  • Water$332 thousand
  • Garbage collection$216 thousand
  • Other service charges$182 thousand

Amounts are by Census type of charge.

State tax money9.7%

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

From the state
9.7%$294 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$5 thousand

Fines and other10%

Interest, rents and other
10%$309 thousand
Fines
<0.1%$3 thousand

Where it goes

Water, sewer, trash and utilities37%Running the government and other costs31%Police, fire, courts and jails16%Roads, transit and parking8.3%Interest on debt6.0%Parks, recreation and libraries1.2%

What stands out

6%

of Madison Lake's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
37%$1.1 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$537 thousand
  • Water supply$441 thousand
  • Garbage and solid waste$91 thousand
Running the government and other costs
31%$919 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$774 thousand
  • Finance, tax collection and budgeting$117 thousand
  • Central staff services (personnel, purchasing, technology)$28 thousand
Police, fire, courts and jails
16%$481 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$336 thousand
  • Fire protection$145 thousand
Roads, transit and parking
8.3%$242 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$242 thousand
Interest on debt
6.0%$176 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$133 thousand
  • Interest on water supply debt$43 thousand
Parks, recreation and libraries
1.2%$34 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$34 thousand
Sources and moreWhere these numbers come from and what they cover

City of Madison Lake. 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 Madison 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.