City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Medicine Lake took in $624 thousand and spent $691 thousand.

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

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Where it comes from

City taxes88%State tax money5.6%Federal tax money3.2%Fines and other2.7%County and local tax money0.3%

What stands out

85%

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

City taxes88%

Property tax
85%$530 thousand
Other taxes
3.2%$20 thousand
What's in other taxesOther licenses
  • Other licenses$20 thousand

Amounts are by Census tax category.

Federal tax money3.2%

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

From the federal government
3.2%$20 thousand

State tax money5.6%

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

From the state
5.6%$35 thousand

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$2 thousand

Fines and other2.7%

Interest, rents and other
2.7%$17 thousand

Where it goes

Roads, transit and parking33%Water, sewer, trash and utilities24%Police, fire, courts and jails18%Running the government and other costs17%Parks, recreation and libraries5.1%Interest on debt3.3%

What stands out

33%

of Medicine Lake's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
33%$230 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$230 thousand
Water, sewer, trash and utilities
24%$164 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$164 thousand
Police, fire, courts and jails
18%$122 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$81 thousand
  • Police$41 thousand
Running the government and other costs
17%$117 thousand
What's in running the government and other costsOther and not broken out and finance, tax collection and budgeting
  • Other and not broken out$104 thousand
  • Finance, tax collection and budgeting$13 thousand
Parks, recreation and libraries
5.1%$35 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$35 thousand
Interest on debt
3.3%$23 thousand
Sources and moreWhere these numbers come from and what they cover

City of Medicine 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 Medicine 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.